Bitcoin Forum

Does the boom of the 2017 was illogical and not based on the fundamentals that is why the market has bottomed at more than  80% .And lot of investors have burnt their fingers. Fresh entrants  who have joined this crypto market recently they are lucky that they have opportunity to buy most of the coins at reasonable or even less rates ,as they entered with attraction of quick profits ,but it is advised that do not greedy and sticky to the coins being emotional  when the opportunity of profit is available ,moreover, now, you are in the phase when there is no hype of prices ,market will grow slowly it will come back bullish only with strong fundamentals and with passage of time. Be patient  and have faith in crypto as it  provides profit more than any other market altogether be cautious that invest in the good projects ,scam project will eat your money . So you are really lucky that you will grow with the market and no illogical boom is insight in the near future .  Do you agree?   

that is true and there is no boom that is fundamental to the market revival in the near future. maybe the last hope is in the decisions of the ETF later and if successful there will be new movements and trust to trigger the market to rise.

If we understand that means we will stop asking for the new all time high in the ear future.Honestly the prices went too much in 2017 but which made lot of people getting trapped to lose their amount now they were just suffering with 90% loss.

If the growth will be more slower then it will look actual and it will bring people's mind a good trust about cryptos.

I agree with you, very lucky to those people who invest right now. And now there is enough time with a cold head to understand the projects (which is now more than 2,000 and 95 percent rubbish) and find a few of them. But there is another opinion, when the bull market comes, even fraudulent projects will increase their capitalization several times.
I believe that if you want to have long-term investments, you need to think a lot with your head before investing in a project, but if you want short-term profit during a bull market, then you can invest in any project where the price is several satoshi ( 1 -3 ) , you will still receive a profit ( the main thing is not to be greedy and sell at the time)

Right now it seems to me that the development of basic stable coins should occur and, accordingly, confidence and investment in them should increase. What happened last year is simply the imposition of positive moments and the volatility that led to unreasonable indicators.

I also believe that the cryptocurrency market can be recovered because I know very well that the current crypto price is more suitable for purchase, and cheaper crypto can be accepted by more people.

People are so blindly to get fast money and that create a big FOMO. that could be the correct reason to explain what has already happened in 2017. A lot of new comers are putting their money on the crypto without try to know about what the crypto is and how it works.

I agree with your statement, that indeed playing Crypto must be careful in choosing the type of crypto to be invested. Because there is no legality that becomes the funds we invest

Nothing has assurance in cryptocurrency especially when bullrun will occur? Its unpredictable ,no one saw the last one coming I bet ,it just happen so its all speculations ,but I'm sure ETF will have a good impact on cryptocurrency

Maybe the ETF will have a positive impact on the market, but I must say that I really want to reverse this market not just ETFs or anything else, if we can see Bitcoin progress in the past year, such as lightning network, etc. These are the real technical advances, and it will become more popular only if Bitcoin lowers the threshold for novices.

You are right it is advantageous to be entering the market when it's declined by 80% or more as you're likely to benefit when it bounces back because even a modest increase is substantially more than you'd usually gain elsewhere in traditional markets just stick to the top ranked assets for now and invest wisely

I agree with what you said that the new entrants got lucky by being able to purchase cheaper coins.

They need to stick with it and just forget their coins for awhile and wait until it goes back on high again. There's no need for them to rush and this very applicable for everyone who's willing to wait until we reach bullish back.

Crypto boom was more than enough for us this year and anything similar to it wont surprise us, morrovrr it is hard now to have similar boom.

Newcomers seem to be lucky people, they can buy coins at very low prices, it seems to be the bottom of the market, when the price returns, they will have a pretty good profit, but I think they are also factors that help prices rise instead of prices continue to fall , everything always has its good sides .

I agree with that, they can shop now as the price is currently at the bottom.
But I wish they will realize that now, some of them maybe are still in doubt and afraid that there will be more down trend to come.

I agree with your opinion. I personally joined when the price of ETH was $ 1000 and I was not lucky. And now is the time to invest and I think newbies can make good money on it.

Pretty agreed. I had been kind of emotional with DeepOnion and lost the chance of being a millionaire. In ATH, I would have $1.9 million while I didn't sell. Now it's being traded at $0.20 only, lol. However, I had sold some at $10 and got a pure profit from it.

I think the cryptocurrency market will change in the near future, because as the ICO market declines, new crypto projects will change marketing strategies, which will change the status of many mainstream crypto in the market.

the word you are looking for is pump.

and in my opinion you can not call a pump illogical because it is perfectly logical and is happening based on the fact that pumpers are always present in the market and are making profit by taking advantage of the market sentiment and the excess number of newbies that pour in from time to time like last year for example.
it will happen again in the future too. don't worry too much about it.

I think Bakkt (which has again delayed the great launch) and ETF are the major keys which will boost the crypto market to new record values. so wait for good news.

The significant increase was surely a parabolic market movement, it has to come down, and here we are. I believe the market cycle will be able the same as before. We were at the top, and now we back to the accumulation period. It just keeps a repeating cycle. I'm sure we just need patiently waiting, and not make a decision based on greed.

You know what it's all about, the boom was already supposed to be all the logical and not a logical definition to be in 18 year,but it was not, because those who are behind it,and this is a group of people with big money,specially manipulative actions, did everything possible to maximum people out of the market,and they bought assets at the bottom for free, when there is a boom, I think primarily from them and from the Hussadar of different countries depends on them to give the green light