Bitcoin Forum

Do not get me wrong, of course this is a great time for crypto. But apparently every single coin except very few is rising by 2-digit percentages right now.

This growth of course cannot be maintained, but can this even be healthy for the market as a whole? This is currently pumping up way too hard. We went from below $500B to $650B total market cap over the course of a few days. On the one hand this makes me happy, but I have a lot of doubts for the near future.

Thats just my 2c

Enjoy the bull while preparing for bear.

It's a repeat of May/June. Big dumps coming soon.

Yes, prepare for a big dump.

When it will come, I'm waiting for that dip to buy some alts.

Most people will lose everything they have, bear market will be more severe than bull market, no one can realize this now.

The growth of a whole market couldn't be healthy or not. It's always the game of whales which decided to increase the size of their portfolios.

Of course it cannot be maintained, this pattern has been seen before, and is normally followed by corrections. But it goes up and down at the moment, according to the inverse of Bitcoin. You can see the downwards pressure now on Bitcoin happening, perhaps this will sustain over the week. As long as it does, it will result in a general appreciation of alts. I can see now a lot of my alts finally FINALLY gaining ground, cutting my losses overall to below 40% from what I originally invested with BTC months ago.

Mixed feelings, but I guess if BTC has to go down again so I break even, even if BTC goes down to 15k I will be in big fiat profits above 20%.

What is your strategy once this supposed dump does happen?

I Also have been thinking about the incredible growth rate of the market.
It cant be going on forever, right?
When will the market change, that is good question, maybe NY is the point when things will start to change.

I still think bitcoin market will remain bull for next few months but other alts might go through blood bath really specially the one which have pumped by over 100% in very short time like xrp, ltc, eth, verge and many other. People might not have bought those coins for long term storage, they just want to make profit while bitcoin market is at constant price range.

Sooner or later the fall will come due to its sudden price rise . Ine good thing happened during this is that we all know how high Btc prices can rise even it falls now . In future it can always rise to this levels or go beyond this too. So in this way it will keep the interest of the investor to keep investing in this .

I think that when coming to the end of year. Many pretension happens with coins. Many people expect Bitcoin can reach $20k or ETH will hit $1000. So, there are some "investment waves" which leads the price increasing.

The current growth can be healthy as long as the market gradually removes scam/useless coins by devaluing them relative to the innovative ones.

Now the bitcoin value is seems around the 18300 USD in the preev chart. This bump is because of the christmas bump. You may expect the bitcoin price little dumped in the second half the January month for sure. This move I am noticing from the past three years. Lets expects some of the good bump continously like we see in this year.
Everyone expects the correction in the price chart but if correction happens also it will be stayed around the 12k to 15k for sure not lower than these value.

I really don't know anything about it. It was so sudden and unexpected bull market for me. I was caught off guard. I still think its nearly impossible to correctly guess next bear run as well.

Typically such rapid growth finds a correction at some point, probably sooner rather than later.  This is when we normally see the whales sell, prices drop, followed by a re-purchase at a lower price, slowly but surely driving the price back up again.  This is a normal cycle, one to be aware of and to prepare for.

To say this growth is healthy, we should first see a crash or correction and affect of it on people and market then we can understand how healthy it is

A lot of People are talking about the buble

The rapid growth seen can only mean one thing, a sell off is on the rise, and with that falling prices, which will create an entry point to re-purchase the sell-off.  This is a normal part of the cycle and should remind us to be prepared for what is coming.

It is normal to always prepare for a big dump after some huge pumps like this. I will not say it is healthy for now for most of the alts anyway as this just seems more of a market that is being driven up and I have the feelings some people are doing this to get some profit from the market. Altcoin support is still a bit not too solid compared to bitcoin, so it is best to get ready.

It is just the way we have seen it and in as much as we are seeing the bulls taking over does not mean a time will come when the bears will be having a filled day as well. It is a good thing though seeing most of these markets testing the tops and then the rapid growth within a short while. It is normal to be worried and I am worried too, but as long as we stay safe, we should be fine.

I don't think so. I think it will be a crash in January so I am preparing myself ready for that.

The values of every single cryptocurrency must be determined by the market. That is how it is in the cryptocurrency settings. That is if the coin is already opened to the market. The buying and selling and their respective prices are going to direct the movements of the coins. So for me, the rise in value, however rise and quick they are happening is healthy for as long as they are caused by the normal demand increase and not just some manipulated pump.

I really doubt this is a bubble that might fall anytime soon because those 3 - 4 coins were going up for few months right now they just getting a lift because few splits between chains and high price of bitcoin.

2017 is the year of Crypto. So, that it has increase fast is very simple. And I also wanna say that, some of them are just a stupid coins such as Doge, so you should research carefully before buying