Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: MrSpasybo on August 11, 2020, 03:26:02 PM
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As I can see, the red color of the downtrend is dominating Coinmarketcap. Are we experiencing an uptrend and preparing to see a bear-rest when holders decide to sell to take profits? Or is this simply a necessary adjustment before the community takes the market to new highs with total capitalization over $400B?
I am quite concerned about the crypto market, especially after the absurd growth of DeFi tokens in the past short time.
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I don't think that in fact the bull run has official started. We can say that we have right now can be pre-bull run, a preparation period when the whole cryptocurrency market can be taking off to a new height. There can be some pullbacks right now but this is quite normal and can be good for the market actually.
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The Covid 19 pandemic has brought heavy damage to the global economy, creating a general downward trend of the whole market, not just the cryptocurrency market.
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I think now the price of all coins in the market will fall and in a month there will be a big rise again.
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In February, when the Covid-19 translation was not yet booming in the West, Bitcoin performed well and maintained trading around $ 10,000. However, in early March, Bitcoin suffered the decline of more than 50% to $ 3,600 due to the Covid-19 impact has been complicated in the West. this is the Red Market and the bull run is over
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Probably just a healty correction i aspect the up trend to continue.
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The Covid 19 pandemic has brought heavy damage to the global economy, creating a general downward trend of the whole market, not just the cryptocurrency market.
In this case, the pandemic has little effect on the current processes in the cryptocurrency market. This could still be a manifestation of normal cryptocurrency volatility, or most likely the beginning of a price correction in the market. In any case, this is a normal logical process that is necessary for further price increases in the market.
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Retracement and pulled back is normal maybe some whales and investors decided to sell their asset and ripped their ptofit and planning to invest on other commodities. Normally if the investment realizes thats how it works. But knowing the market we are sure that this is just temporary. We can always see ups and down but there is always scenario that there will be a huge drop. If you are affected and plannign to cut loss, then you will lose the chance. Its just paper loss.
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A continued crash to below $11,000 is likely to take place over the next several days, followed by a rally to new highs. Downtrend will take place until volatility fades again, and another upward breakout occurs.
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As I can see, the red color of the downtrend is dominating Coinmarketcap. Are we experiencing an uptrend and preparing to see a bear-rest when holders decide to sell to take profits? Or is this simply a necessary adjustment before the community takes the market to new highs with total capitalization over $400B?
I am quite concerned about the crypto market, especially after the absurd growth of DeFi tokens in the past short time.
Well I have seen the ups and downs of the market ever since I became avid crypto enthusiast and seeing that the market for this couple of days going downward is not new to me but I can strongly and safely say that we just need to deal with it and let us trust and believe that it will definitely go to the moon once more again.
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The Covid 19 pandemic has brought heavy damage to the global economy, creating a general downward trend of the whole market, not just the cryptocurrency market.
market crypto less affected during a pandemic because many people are investing here should not be assumed that when the market goes down the pandemic has become a reason of the price of bitcoin down was normal like this from year to year when there is a new project that hype then the whales will really come and pump prices.
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Please remember that bull run does not mean straight line up and that is not even possible for real projects but only for pump and dump coins. Mostly the market moves with corrections creating higher highs and higher lows so please remember that corrections and dips also come on the way up.
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So far, I do not see that the cryptocurrency market would starting to fall and there is just a slight correction and for now there is no need to worry, but when Bitcoin will start to fall and Bitcoin price will be at least less than $11k$, then big correction may already take place.
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we can call the current market trend as the awaken from economy trauma, because i believe the best is yet to come, this just the beginning
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Probably just a healty correction i aspect the up trend to continue.
I absolutely agree with you; for every green candles, there has to be a reflection of little red which acts as a price corrections, and price opening for traders. It is down to trading skills if you ask me.
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Don't worry, if the value of each token increases, it will also decrease. Please expect less decrease than increase. And the reality is like that, Bitcoin has increased from 8k to 12k and just dropped to 11k. Please wait for better timing, it will exit the 13k zone
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I don't think this is over yet, it looks like BTC is in correction to continue the rally again.Today altcoins also green!
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It is difficult to even say what is happening in the cryptocurrency market. Either this is a manifestation of normal price volatility, or the beginning of a price correction. It looks more like a manifestation of bitcoin's volatility, since if it corrected, its price would have dropped significantly lower. Now the bitcoin price has risen to $ 11,596 again, and the ethereum price to $ 388. It looks like the price rally will continue soon.
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The price in the cryptocurrency market usually starts to rise well from the second half of autumn. I hope that it will be so this year as well. August always refers to a period of relative calm in all markets. We just need patience.
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I think no, it is just a correction. We are still in bullish time but a correction is always there, it is normal. I think currently, the Bitcoin price has been starting to increase again. We don't need to worry about the crypto market as long as we still don't reach the bullrun after the current halving.
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I think this is just a correction and it is a normal process in the market. The crypto market is still in bullish times, will continue to grow again after some correction. I don't think it's time to worry about the crypto market.
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The market is probably retracing for another move up. We are not yet in bull market, this is pre-bull run time. My opinion though.
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The market is still bullish, the decrease in prices is normal and the market is healthy as well so no need to panic. We are still in the go bullish era for now. The correction we are witnessing now is necessary for the market to settle down .
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Yeah, there are many crypto coins to seem drop gradually. I also doubt that the bullish time to end very soon. Even I still have some coins in open order, not sold yet. I don't know what will happen in the near future. If the bullish day ends, I will hold again.
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We are just in a short red season after seeing the greens for some weeks now. No need to panic, it's about time to buy more coins while they are in a dip. Just accumulate good coins in a secure platform like the wallet from atomicwallet.io, a truly non-custodial wallet that support multi- coins.
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If the bitcoin price drops slightly in August, then with the onset of autumn, the market usually starts to grow well. After another recent crossing of the $ 12,000 mark by bitcoin, today it fell to $ 11,502, while Ethereum fell to $ 367.
Fluctuations in prices and price adjustments in this market are inevitable. This is necessary for the new growth of the cryptocurrency market.
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As the crypto market is not stable its prices fluctuate that’s why i don’t think the bull run is over even if the price goes down it is likely to go up again we just have to wait patiently there is nothing to be disappointed about. We are able to make more profit due to the rise and fall of prices cryptocurrencies could perform much better later this year..
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Generally talking, this is not " RED " as you referred, as long as we're between $11500 (or $1500) & $9200 we can call it stable market. Once we break any of those price points, we may have a change in the trend that may take us to other prices we didn't see for month.
So, be smart & always put a reasonable Stop Loss if you're a daily, swing trader. If yo're a mid / long term investor, all this won't mater much.
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Ups and Downs is the natural way of crypto market as we can see the down trend now after a constant uptrend. I don't think bull run ended, rather i can say 'it is a correction'. DeFi projects in the last few weeks touched sky and now returning to the ground. Before investing in DeFi project, we have to think and select correct time.
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Ups and Downs is the natural way of crypto market as we can see the down trend now after a constant uptrend. I don't think bull run ended, rather i can say 'it is a correction'. DeFi projects in the last few weeks touched sky and now returning to the ground. Before investing in DeFi project, we have to think and select correct time.
Looks like majority of you here sees this slight draw back as an adjustment from the mini-bull run. Most sees this as a good sign for an upcoming bull run. That means now is the best time to purchase again if ever you missed to purchase before. Again this is all a speculation so there is no guarantee that you will earn profit from this.
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I think the bullrun will continue considering that yesterday the bitcoin halving had occurred even though it was not said to be a success. however bitcoin touches up to $12k so we appreciate it considering that it once fell to $5k.
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In my opinion, we did not yet witnessed a bull run because bull run means
the term "bull market" is typically reserved for extended periods in which a large portion of security prices are rising. Bull markets tend to last for months or even years.
Normally, speaking to real bull. It will not react not unless bull see a red color. That will be the time bull react and rise his resistance. I think there wasn't a bull run if we couldn't see bear market.
Possible the decrease of prices now behind it is bull run.
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I don't think the bull run is already ended, the red candlestick is just representing the market correction, what I believe is that the market will continue to grow after the correction because the Defi craze is far from over and if we see the Defi tokens are not yet slowing down instead it was continuously driven up the most of Defi token price.
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Now a days we all are fighting with carona-19. So at this time a red signal is blowing in the market. We can say change of everything called nature. So we are eager for fast blowing down of the red signal. I hope that time this effective time will go sooner & after that l think bul run in future.
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Let's hope that the bullrun still continues and all crypto coins to improve their values. I am pretty sure that all investors will keep the high values of crypto coins right now. We have already experienced a long time for bearish, now is the time for bullish. I also expect this bullish season won't end very soon.
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Do you think the market goes in a straight line, this is just a correction and I expect like 30% correction in the market before a new leg up. This is how market prices work the most important thing to look for in the bull run is the higher-highs and higher-lows this would show that the trend is still intact
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It is expected to see a retrace to give room for a better growth. I don't think we can go back to bearish rather we are going to experience another growth in prices after a retrace. It is normal in crypto market.
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What we are seeing is a correction. a market adjustment as a result of the sudden 12000 bitcoin price. the market needs to correct before we are able to detect whether the bull is still around the corner or the bears are taking over. current,i don't think there is any predicted analysis of the market. we will watch out and see.
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I think the bull run hasn't happened yet, it's still the early phase of the bull run. The red market is just an adjustment for an increase in price.
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Nope! It's just beginning, by the end of the year we will experience heavy growth hopefully. The circumstance at least indicate the upcoming bull run.
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As I can see, the red color of the downtrend is dominating Coinmarketcap. Are we experiencing an uptrend and preparing to see a bear-rest when holders decide to sell to take profits? Or is this simply a necessary adjustment before the community takes the market to new highs with total capitalization over $400B?
I am quite concerned about the crypto market, especially after the absurd growth of DeFi tokens in the past short time.
Its really very tuff to say at this moment that market going to down or going to revised. Personally i did not see any news to downward of market where US bank and swiss bank making custody of BTC and more people engaged at the pandemic situation. So i can say here market is now in revised position and sure it going to hit a big market in recent days. But if holders sell their tokens by seeing this market, market may will crash which will be very unexpectable.
thanks.
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As I can see, the red color of the downtrend is dominating Coinmarketcap. Are we experiencing an uptrend and preparing to see a bear-rest when holders decide to sell to take profits? Or is this simply a necessary adjustment before the community takes the market to new highs with total capitalization over $400B?
Don't worry buddy,corrections price in the crypto market continue as traders and investors want to sell some of the coins they own to make a profit, from the data that I see on Coinmarketcap right now, the market cap of crypto is decreasing, but the price of BTC still have a good price on the crypto market.
Market Cap: $364,684,835,067 - 24h
Vol: $76,573,312,099
BTC Dominance: 59.2%
Cryptocurrencies: 6,537 Markets: 26,974
The information above shows that the crypto market capitalization is still good even though it has decreased from $400B to $364B, this has happened along with the pandemic outbreak that has not been finished, so that it makes investors withdraw a little of their funds and divert them to various other types of investment.
I am quite concerned about the crypto market, especially after the absurd growth of DeFi tokens in the past short time.
I think DeFi tokens are currently having a small trading volume, we have seen unreasonable price increases and this situation will make crypto investors more cautious with very high price increases with very fast time duration and eventually the token price will go down 8)
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Not even started, due to this corona thing we didnt see much movements on crypto, just a few got some nice ups, lile eth and chainlink but btc is still far to be in a new bull run.
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I think we still have a lot coming up in the coming month before the year runs out. 2020 looks good for crypto. This weekend I had another red market but the days ahead look promising
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If we are talking about all of the cryptocurrency, it may not help all. Many cryptos are still having downtrend during this pandemic. However, several others having good progress so far. So, it means that t will depend on what crypto. For BTC and the top coins itself, they are very worthy and can really survive during this pandemic.
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The red market doesn't mean that the bullish time has been ended. I think it is just about a temporary correction. Don't worry, the red market will improve again to the green mark. We have experienced it many times, even we are in the bullish season, it doesn't mean the price always increases. There is time for correction, bro.
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The red market doesn't mean that the bullish time has been ended. I think it is just about a temporary correction. Don't worry, the red market will improve again to the green mark. We have experienced it many times, even we are in the bullish season, it doesn't mean the price always increases. There is time for correction, bro.
You're right. As practice shows, after the price falls, it always rises. So do not worry, everything will still recover and it will be fine.
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The Covid 19 pandemic has brought heavy damage to the global economy, creating a general downward trend of the whole market, not just the cryptocurrency market.
Before pandemic the market was already in bear condition that became worse due to sudden lockdown that immediately affected the economic world. People interest in crypto lessen that result to more inactivity of participants and less profitable bounties. The time is not yet gone, there are more chances and opportunities to experience bullish season. Time will come for that abundance.
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How can you say the bull market has ended when Bitcoin has not moved yet, for me the peak of Bitcoin pump will tell you when the bull run has ended. What we see is just a normal correction since the upward trend is still very intact.
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Ow. I didnt know that we are in a bull-run already. Every market have its green and red scenario.
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The current bearish run was as a result of the SEC's chair speech which is putting traders and investors on the hold, and in a certain limbo. So lets watch and see
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its part of market, we cant expect everyday going to up. i think now market condition is stable, i can see many alts are pump 5x or more in a single day. i can tell one of this, & this is KEY coin. yesterday KEY pump almost 5X, so many coins survive in red market. i wish market will booom very soon.
thanks
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I also see the current dominance in the market. This hegemony is happening because of defi. The defi project is having huge amounts of success. Because of this people are making very positive judgment towards defi token. Everyone hopes that more defi will bring better results. However, the downtrend is likely to dominate the market cap. All capitals are likely to go to higher levels. Everyone I am concerned enough about the crypto market.
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I think it's not ended yet and it's just the hype cool down and everything is becoming normal. The market looks stable now and from here we can see a stable market growth for a long time. We already got a huge amount of liquidity from the past few months after this COVID-19 started. It's a good sign that investors are interested in crypto.
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I think it's not ended yet and it's just the hype cool down and everything is becoming normal. The market looks stable now and from here we can see a stable market growth for a long time. We already got a huge amount of liquidity from the past few months after this COVID-19 started. It's a good sign that investors are interested in crypto.
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The bull market is not yet over but there are signs that we are gradually sliding back to the bear market where individual coins do make changes. either due to pump and dump or an activity organised by the project. we are yet to acertain the current condition of the market but the current prediction before this sudden bull ran claims that bitcoin will hit 13,000
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Red market was just temporary and I don't think we will see the bear market this year because now the market is trying to go bull.
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I believe that when the economy stabilizes to normal, everything will return to its capital. we don't need to worry too much
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The COVID pandemic was terrible and it was a huge obsession for me. I was unable to go out to work and the electronics market was in decline. This caused me to lose income for a long time
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As I can see, the red color of the downtrend is dominating Coinmarketcap. Are we experiencing an uptrend and preparing to see a bear-rest when holders decide to sell to take profits? Or is this simply a necessary adjustment before the community takes the market to new highs with total capitalization over $400B?
I am quite concerned about the crypto market, especially after the absurd growth of DeFi tokens in the past short time.
I believe this is just some correction. It is normal to have a correction once in a while during the price surge. I still believe that the bull season will last until the 4th quarter of 2021 (following the 4 year cycle of Bitcoin) and the altcoins bull market will take longer than that.
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The bull market is yet to hit it's pick. there are more to come especially with the current fame brought by the defi sector. we will see more money introduced into crypto in the future and many more years to come. i think this bull market will last for long. alot of funds has been staked in the DEFI sector.