Bitcoin Forum

Another red day on coin market cap. Are we seeing  the worst of the market dip or is the dip going further down?

We are close, right now the total market capitalization for cryptocurrencies is 257 billion dollars but I do not know if that happened during the day, but look it is impossible to predict what will happen in the short term in the market, you only have 3 options you hold, you sell your coins and take cover in fiat or you try to take advantage of the volatility by trading, the third option is risky but it is the only one which can give you profits.

You can also convert your bitcoin to tether as the price drops and the return to bitcoin as soon as the market shows some recovery sign. That way you gather some more bitcoins.

Even if the price drops below $ 250 B, it does not mean that bitcoin is no longer interesting to people. Remember how much it took bitcoin that we would come to such a price today. remember 2014 ! and before 2007, when the price was$25. A year or two will pass and you will realize that you are in the right place today. Wait and patience.

Volume is being allocated to: gold, securities, real estate, World Cup so it's easy to understand.

I can accept the other options like: gold, securities, real estate, but for World Cup? who the hell would invest in bitcoin and then sell your bitcoin that are investments that will give him a profit just to go watch the world cup?


with these regulations and the pressure of the banks this was already expected, see this

Irish Crypto Exchanges On The Receiving End As Banks Close Accounts (https://www.ccn.com/irish-crypto-exchanges-on-the-receiving-end-as-banks-close-accounts/)


This is reducing demand.

dont worry... soon we will get big investors in crypto and the price will come back soon :)

It's a crazy ride for bitcoin and the whole cryptocurrencies in general. The market cap is just hanging on above that level for now, but if more dips are to come, then it will sure go below $250b. It will take longer to recover as to what we had before in late 2017.

Yes. I agree with you. The market is pumping in 2017 and is now moving in real value. Prices will fall sharply. Early 2017 btc price only ~ $ 1000 and eth only ~ $ 40. So the sharp decline will continue. That is a bad thing. But the recovery will still take place however it will be in quite a long time.
Looking forward to a nice result in 2019

It's going to be a very long year for all of us assuming that the market will behave this way up until the end of the year. There were days that we will be disappointed and frustration and might have second thoughts on our investment and even thinking of getting out of the market. But for me its just another bump that we will overcome. Although the market is really on a free fall, I have no doubt that we can bounce back again and we can see it one day when the price hits 5 figures.

I prefer to HODL.
when it comes to cryptocurrencies，fluctuations is a normal thing，right？

Expect the worst. But that said, I think it will still dip further down. If you bought some coins during the bull run then hope that your coin is a good one technically and hope that it will not be ruined by the bear market. This bear market will be a test on which coins are resilient and which coins are weak.

Keep calm and hodl.  Bitcoin will rise again.

Of the three options you proposing
I will go with the third option. I firmly believe that buying is something kept for such red days and I don't think buying right now is risky as prices are already at there bottom.[/list]

We all know that the cryptocurrency market is in a major decline now, but I think it is perfectly normal, the market is know to be volatile and have certain periods of rise and falls, which this period is one of them, we would still see an increase in price rates in the months to come.

That’s the spirit of most high intelligent crypto investors would do whatever the price of bitcoin in the market chart board. Who does this are most likely are those who understand the risk and live with it.

It’s hard to imagine if all investors will be negative on the current price and few of us are reluctant to agree with them.

Bitcoin have proven to recover its value every time. Waiting won’t harm you.

Market cap falls below $250b yes, nobody want to really lose money. However, everybody have invest a big amount in a particular ICO to buy and they live much in the ICO. Now when the market now falls below the ICO price do still expect them to sell. It only inexperienced invest can sell at this period. The market will start rising now.

Yes it is a major price drop in the bitcoin history but it is happened in the earlier incidents too so we no need to worry about the dip,just remember just but the dip and then you can make huge reaps at the recovery phase.But at the moment the market looks green and it was about 4% growth on the bitcoin price so it hopefully it will continue to rise.

Currently the difficult time of crypto. The capital line doesn't focus on crypto anymore.

This isn't the worst market dip, from the existing and current price few days ago which is $6,700 went off to $5,800 and now healthy to $6,300.

Think of how it's worst to see bitcoin falling from $20,000 back to $10,000 and down to $6,000. I consider that the worst days and not this one that happened yesterday.

I think that below the level of 250 billion, the capitalization of the crypto-currency market does not decline. I believe that this was the last wave of decline and the market is ready for recovery.

Selling your bitcoin for USDT is a viable strategy since it is easier to return to cryptocurrencies than if you sold for fiat, but that strategy is not going to be very effective now because the market is not moving much, that would have been a great strategy when the price was 20000 and it dropped to 6000 if you did that you could have bought more than 3 times your original bitcoin holdings.

This is a painful process. last year, encrypted currencies achieved great success, but there were also very big bubbles.
Now is the time when the bubble disappears. don't worry, the future is bright.

If I remember good last year market cap in one moment were close to 750 billion dollars. We dropped hard, but crypto market will go to 1 trillion and more, sooner or later.  When companies and institutions start to adopt crypto, especially bitcoin, a lot money will flow in crypto, that wave will be stronger then any before. You call ot bubble, I call it wave, money is circulating in and out from crypto, people earn from that, manipulate for their own interest, but market is young and that kind of things are inevitable. Bitcoin can be revolution in many ways, I'm here for more then 3 years and progress is visible, take a look what early adopters say about progress, the ones who are here before bitcoin had price tag.
Don't pay attention on FUD that comes from newcomers, don't pay attention on idiots who bought on top and cry for their investment, don't pay attention on morons who think that they can get rich in couple days with crypto. Take a look with your own eyes where bicoin was and where it's now and make your own conclusion what waits us in future.

This maybe the highest drop on coinmarketcap that happened.  After that massive pump, now were all experiencing the never ending drop that is happening since the start of this year.