Bitcoin Forum

whether investors' appetite for risk assets has decreased due to the surge in global coronavirus cases. The majority of the six cryptocurrencies with the jumbo market capitalization and most liquid transactions monitored are in the red this week.

there is something you need to pay attention to, when you see some signals start red and not in a stable state that lasts long. then investors already know where to go? well Gold is the perfect escape to secure a crazy situation and has entered the saturation zone. so therefore it doesn't hurt that what you're seeing right now, has shown that a few percent of the big investors are going through the crypto market and getting settled in front of the Gold asset page.

Stock market is doing fine, so the risk appetite is still there.

I don't think so, it's just a matter of time, investors or traders are just waiting for the right time to re-enter the trade.
When big investors have filled their bags, there will likely be a hard pump to bring traders back into the market

That's not a very fresh news.

Big or small cryptocurrencies, they usually go into a red day/s as much as possible because it's very normal to see them in that color.

And with that, it's an indicator that if you haven't bought it, then you have to start buying it so that you can make more money when it goes back on track and green days approaches.

The current price movement along with how it moved during the weekends last week really was out of the ordinary considering the weeks prior to last week. This has led to a lot of people who only buy and sell according to days and not with a strategic approach to be heavily misled. Even a relative lost more than $6k due to blind buying and selling(what's worse is that she invests 25-35% on altcoins and bitcoin then sell at a loss due to hype and panic).

I think the whales are trying to mix things up for a reason? I don't know really, but one thing I can see quite clearly is that at the moment, the best decision is to move to spot first or if you are feeling quite confident with your TA skills, then at least put tight stop losses because if not, you may regret not doing so, unless you have a lot of free time in your hands to spend in watching the market for hours.

Another opportunity will be given to those investors who were hungry for additional asset accumulations, and this is the best time to buy. The bearish market with red signals has the bigger potential to go down because more panic sellers will tend to dump their holdings, because of Fud. We need to control emotions on this current situation and think of another possible rise after downfalls happened.

Wait why Only mentioned 6 when the next 7-8 are closely getting to rank number 6?

https://i.imgur.com/WypZesZ.png

This means all of those actually in the rank 1-10 are in the Red not just this week but even in the last week.

What you need to realise that just because the stock market is doing good and large companies are setting record profits doesn't tell the entire story. Due to the pandemic alot of small and medium businesses had to go bankrupt while their larger competition like Walmart, Costco and Amazon took all their business. So obviously the latter had great profits and it made their stock go up while made the index go up and the stock markets hit a record high.

However it doesn't mean that the economy is healthy as a whole. Look at how many people cant buy a car these days because they don't want to pay same price for a used one as a new car. Look at how many people can't buy a house because every month the housing index goes to a new record high. Then there are other things like lumber which is different because its a supply constraint.

However it looks like this is a huge huge bubble and it might burst any minute. I don't think this is sustainable.

I think crypto markets are overbought for too short term time. This created undecided (and possibly in fear) investors. This is main reason of bigger reds than greens in cycles. Crypto markets probably need to drop couple more times under 20k dollars to ease people.

I guess the side ways movement exist for the past 50 days or more so talking about one week doesn't make any sense and also not only those 6 cryptocurrencies, almost all of the cryptos fell from its all time high except very few due to the involvement of rich people.

Sorry but what changed mate? for more than a month now this was the trend , there are some increase but in a couple of days decrease will follow.
meaning there are still no concrete position the market now .
From the upcoming events to the spreading  FUD and negativities?
 Our Only weapon is to trust the coins we are holding and Keep up the buying position because with this at least we are generating a little adding to the value of our coins.

I want to correct your statement, the recent red market is not caused by corona. but the impact of the china ban, and the FUD created because of it. China's btc mining ban became an important issue this month and made the market suffer a lot. and I make sure this is not because of the effects of the corona pandemic. and that investors' appetite for crypto assets has declined may be true. they may think the bull run is over and are waiting for the next bull run.

wait you mean we need a bigger drop than this?. isn't this already pretty bad, bitcoin lost half the current price of ATH and so have other altcoins. and you think this isn't bad enough. you still think for bitcoin to drop below 20k, wouldn't that be very dangerous. maybe if that happens the market will be very difficult to recover.

We still cannot expect much from crypto right now considering the crisis it is currently going through. With all the news about crypto getting banned on some countries and having some countries starting to regulate the use of it, for sure investors are very much confused on what action should they take with the current situation. There are also spreading of FUDs recently which is actually quite normal in the market yet it makes an impact to other investor's decision making. The market might still stay being red for a while but we should never lose hope because it will soon recover once again, we just need to be patient.

I don't think so, the corona virus has passed, now many countries have returned to normal, yesterday's euro football match was proof that parts of the world are now fine. it is a matter of time for the market to go green again. Currently the crypto market is doing very well compared to last year. what you are saying is the fear of people who are new to crypto. even the volume of coins on marketcap that I saw today is increasing very rapidly compared to the last few years.

Difficult times isn't always going to be long term, but we have to think of an alternatives, we just can't be too emotional because volatility of the market is all about ups and downs. Right now when you're falling, your asset one day will come to prosperity. Profit can be too hard to obtain on red days, so accumulate while cheaper price is there.

I definitely consider this as a chance to accumulate more in anticipation of the next price rally. But you just need to analyze the trend to a particular coin that you planning to invest in because not all dumping case is a chance for you to make profit in the future but sometimes this could bring you more losses.

So, if we are investing in altcoins, choosing those on the top coins coz this will probably give us fortune.

This just means that we are closer to entering the bear market so it's time to hodl instead of dumping straight to the market. Ever since Elon Musk leave the market and stopped supporting Bitcoin that's the signal that we are going to enter in bearish trend soon. I'm surprised to see such price is still holding in $30k+ after two months.

I don't think there will be a sign that we will hit a new ATH within this year. So better HODL it now and stop wasting Bitcoin from whatever the hell you are doing. We were just lucky that Bitcoin did reached $40k the last time but that was it.

It is never easy to analyze the market every day and week because the market movements will not be the same as before. It will hard to predict where the price will go and we already see that. We do not know how big the investor's appetite because they can still invest in crypto or they just leave it after they succeed to buy it at a low price. But I think if they are aware of the low price, they will use that chance to buy more and hold it. But we do not know how they will move because I think they will move secretly without the public knowledge, even if they are trying to reveal it.

Corona virus hasn't passed just yet, it is just getting better and that is the situation right now. I am not saying that we should not be still the same fear as we used to be, I used to literally wipe every single thing I buy with disinfectant before I used it, I believed virus was everywhere, I was really crazy about it and was very very careful, very happy that I never got it (or at least as far as I know) and that is great, however many friends of mine went to work and kept working and nothing happened to them neither, so I can't really say much about that situation.

That is why I think it is really getting better and there are less and less infected right now, but it is still out there which is why we should be very happy about the situation but not get too much happy about it enough that we stop wearing mask and get together with strangers too much.

Lol, this is not the reason that goes along with the meaning of this market and the translational value of bitcoin.  I suspect that this period is very important to judge whether long-term accumulation of large organizations or not  Defensive thresholds have been reinforced.  Whether the conflict about fear of sell-off from GBTC unlock.  They are considering before landing.

Price movement is definitely a reflection of current market trend from what I have seen and we have been in accumulation phase for few weeks. What's interesting this week was that eth came below its 2k range creating more opportunity for new investors to join in the market trend.

This situation began when China issued a ban on bitcoin mining. since then the market has been under pressure for weeks. not just big coins, but all red crypto coins. and this has nothing to do with the corona virus. when viewed since the pandemic the crypto market has increased. and it's been the best time in years. that's why I'm sure it's not caused by corona. Investor interest falls because they see the market as less potential and there are always more reasons to fall than rise. The impact of FUD from China's ban is still being felt today. because of all that investors prefer to remain silent and monitor the situation until the market gets better.

market isn't fully recovered that's why sometimes we saw some false signal in the market. so for this reason perhaps we need to put more patience instead of getting frustrated, because it really takes time before it continue to surge again, indeed bearish is already over and what we're waiting now is improvement. So we need to understand the situation as well wherein don't be so excited just relax . Lol

we will see the market change but not now because it takes time and the market change is not 100% because of the covid but more on the trend of fans and whale players that might make that happen

It is looking like there is a whole lot of movement in bitcoin, so I am not seeing anything bad anymore. Obviously there was a huge drop and that's true, but the reality is that we dropped and we dropped a lot and I agree with all that yet we still managed to stop, and that stop means a lot because unless we have another huge drop coming up, that means this was it, it's it.

What does "it" means, well it means that we stopped and then if we spend all of our live savings into bitcoin right now, we can double it when the price goes up, I am not in support of anyone making any investment decisions based on what I say, because hell I do not do what I think I should do, but it is great feeling to know that you hit bottom and what comes after the bottom? The peak, so we are going to spend some time here but then we are going to start making a ton of profit in near future.

Still bitcoin os going sideways which is well over $30K for the last 8 weeks or more so the bullish trend seems over and wait for that huge dip to occur. I expect that $20K will be the lowest lower of next cryptocurrency price movement cycle.

I also heard some people predict that. But I hope that doesn't happen, because if Bitcoin falls to $20k USD, then recovering will be quite difficult and further away from the ATH price. it would be better if Bitcoin immediately broke out and continued its climb to reach the new ATH price.
When Bitcoin breaks out and volume goes up, I'm sure many traders will enter, because this is the moment we've been waiting for.

I believe covid had a lot of market movement all by itself, look at march 2020, you will see that everything crashed, not just crypto but also every fiat thing as well it was really great. So we know that crypto can be impacted by covid, even these drops are sort of because there have been a lot of people vaccinated and that is why the economy is getting back on track which means if the economy is better and stronger then fiat is stronger and if fiat is stronger than crypto is getting weaker against it.

I am not saying that any future movement will be related to covid, unless something major changes I feel like this has been it... like we lived it, and from now on it is going to just keep getting better and better which will eventually become nothing and that is why I do not think that we will see any covid related situation. However that doesn't mean we didn't had it neither.

I don't think coronavirus has too much influence on the cryptocurrency market. It is true that in recent days the charts of the main cryptocurrencies have been red and they are looking more and more bearish, but I still think that this is just a correction and we will see increases soon, and new ATHs by the end of the year.

It took only 2 to 3 months for bitcoin to reach $60K from $10k which is too long?

Investments take time but bitcoin is the fastest one to produce the highest return in very short time ever in the history.