Is really market going down?

[Paglamon]

The market has a somewhat downward response. At present, the price of many coins has started falling. Speculations about this issue will start again. People will discuss why prices do not increase. But I think now is not the right time to raise prices. We look forward to the new year. The price will increase a lot in the new year.

[Rubel007]

Look at the top level coins market cap most of the are in red mark . The investors are take out their invest in market cap Consequently my opinion it is not natural to market going down .There are others reason attached for this situation . For example - In December Christmas comes and people spend money this persus .so many people's investment are not included at this December . Altimately lack of invest hit the crypto market cap .

[bigcash2011]

I do not think that this reason holds any weight because most people who are in crypto are in for longterm and have other sources of income so they do not need to take money out of crypto for holidays. Even if we apply this argument on small investors even then their selling should not make much difference in highly liquid crypto market now.

[carcas]

I saw especially this week the crypto market was down and volume was decreasing, what happened to crypto? It's not yet Christmas week and it's too soon for that to happen

[alltalk]

Yes, it is real. Just look at CoinGecko or Coinmarketcap, the prices of all crypto coins or tokens are decreasing now. Not sure what the causes, but the current drop is rather big. However, I am sure that it is just a temporary decline, we will see the market to come back again very soon. We all believe that in 2021 crypto will have a better performance, even may experts stated that Bullrun will happen in the next year, 2021. So, just be patient for now!

[debra]

In fact yes. The market is still falling down as a dump market. However, we don't know whether it will be continuing or others. If BTC has a certain breakout at a certain rate, it may be rising up. But if they can reach certain resistance and breakout, they will continue falling down.

[xeroz]

Yep, we see that market is getting down today. I really hope that it is a temporary correction in price. I hope in the few next days, the price will come back to grow up again. So, this time is to buy, and then we will sell these coins in the next week or in the near future once the price grows again.

[dragononcrypto]

Yeh it's probably going to continue going down until new years at least imo. There could be an xmas rally, or a sell  of, but it seems after the enormous rise from $10K to nearly $20K, some consolidation or correction is required. It could be a deep correction, or long-term consolidation, be prepared.

[gunhell16]

You can say that because you learned from the previous year when the price of crypto was going down. But the crypto market is very difficult to predict and I hope it will not happen this year

For what happened in 2017 December is not the same now, it may have a similarity but in terms of the movement they differ
from one another. Besides, this is trading where there is no fixed amount of price due to its volatility and this is the reason why the market was so unpredictable. I know there's a lot of good things to be happening by next year for sure.

[Pitter]

 Instability is generally show most of the time in cryptocurrency market cap . The another reason is Christmas and second wave of covid-19 . Those are the main reasons for dumping the current market.

[zulfi125]

This is not true on Christmas people selling their cryptocurrency,so market will now goiwng down on Christmas,I have see the other stocks markets down on Christmas but don't see the crypto market down on Christmas.

[vitek146]

The market is on the correction, this is firstly, secondly, many, if not all altcoins follow the trend of bitcoin and its trend where to go. Also, most of the holders and miners of bitcoin took profits and sold something for the holidays, which would be good to celebrate. So I think no significant changes are expected for the upward movement of the market at least until January.

[gurunanakji777]

During Christmas or Newyear trading volume reduce as most of the traders celebrating fest with their families and away from trading that can be the reason for the downfall of the market. Most big traders are from the European countries and their people enjoy Christmas to the fullest this fest. I won't say they sell their cryptos. Actually, they don't trade while enjoying their festivals.

[expander]

The market is currently moving downwards, maybe it will happen until December 25th. And indeed this condition usually occurs before Christmas. So that I myself don't panic and am indeed waiting for the market to rise again after Christmas.

[EmoneyABC]

My answer was "maybe" because everything is possible in my opinion.

The market can move down or up with the same probability because there are some whales manipulating the price and for them swings are profits.

They sell wen the price is high and then buy when lowered significantly, so yes, market can go down but if people start again to buy like crazy then there is nothing which can stop BTC price from rising, we need buyers it's so simple, if there will be more sellers price will dump.