Bitcoin Forum

Yesterday and today, the Bitcoin price and crypto prices in general moved rather sideways. However, it is now known that crypto prices behave similarly to stock prices. Since the futures for the S&P and other indices are currently trending much more negatively, it is feared that because of the new Corona variant, the stock markets will continue to slide tomorrow. Do you think that crypto prices will therefore also continue to lose tomorrow?

As bitcoin is still above 55k$, the market seems to be in a healthy situation. It's not the bear though.
With the start week, i think the prices will refresh. I don't think the impact of the new variant will last for that long, as we know from last lock-up how crypto got the good result from people looking for a cash-less system to do daily transactions. Corona is good for crypto :)

I would say it is not looking great, being finally under 55k seems to be doing a trick on everyone right now. However I am not that desperate neither, I feel like it is totally possible to get better as well. Hopefully we will do a lot better in the future, but right now it could get a bit worse first.

Let's wait it out, we all know that bitcoin could have bad days but then it will get better, it has always been that way and I believe the same will happen now as well. Sure it could get a lot worse, who knows maybe go down even under 40k, but we also know that 70k+ will come as well, even 100k+ will come. Sure maybe it won't be right around now but it will surely happen. This is why even though I am not hopeful about the near future, I am quite hopeful about the long term. That is how I can sustain a bit of a relaxation even when prices crash like this.

Most chances now this trend is going to change for positive because this new variant is having just in very few countries and world already doing some better things for controlling this all even now many questions are already rising due to failure of vaccine and many other impacts, but now we need to be more careful. Now we are heading for December which is very good and important for bitcoin and crypto, hopefully this will have some better trend, and we will not collapse tomorrow.
After first experience now media is also doing some better not like we have them in start of this Corona which was terrifying from them around the world for their own sack.

Bitcoin at $56k is still good the market has done great the whole year, the fact that Bitcoin's old record was broken for a long time, the market is very robust the whole year volume is very high on the top coins in the market, made a decent profit this year on surprisingly new coins, the market is still great and I believe it will continue in the first quarter of next year.

I guess we've got an answer already. Bitcoin came back to $56k just as easy it always been. The market has followed the leader again and most of the alts are all green again.
This is the great thing about bitcoin that it's always been the pusher of the market when it goes green. And when it goes red, everything falls and there will be some alts that can no longer be the same as the move with bitcoin after it recovers.

It's a mix of greens and reds in the last 24H.

I haven't followed covid news for a long time. Has people started panicking again and started selling their port for fiat to buy their groceries? I thought the millions of vaccines is the answer hehehe. I don't now but people are probably tired of this virus and we won't see another crash when it was first feared.

We'd rather see red on the market and most of the coins are in big decline but never I think that was because of the new Covid variant that appears. I don't weigh that much and think that will be the reason as we are still healthy even during the covid-19 crisis. There is another reason that it causes this decline that we need to know or that we called "normal" market corrections.
The price of Bitcoin remains $50k (currently at $56k), so it wasn't a thing to worry about and we are still far from being in a bearish state.

Have you checked the market? You must know that the prices of all crypto coins seem to increase gradually. I think the correction is over, now it probably begins to go to the last pump before the bullrun ends. Just prepare our crypto coins, it may be the last chance for us to sell at a high rate. So, if considering the current market situation, I think tomorrow market will improve and start to have a positive trend again.

I don’t think that news about omicron is the reason to panic. Tomorrow prices on crypto can go down but in future this will definitely change. Did you notice an interesting trend during this several years: every time when governments say that covid situation is becoming worse and it’s time for people to go to sit in lockdown, prices on crypto suddenly goes up especially on BTC. If this trend will continue and soon we will face the new lockdown because of omicron  I think we will see new ATH of BTC and a lot of other coins. This is only my assumptions.

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

the price of bitcoin has gone up again, this shows that it is not so dependent on other markets, this is an "alien" market, it is completely different, when the person thinks it will fall it goes up, when the person thinks it will go up he falls. predicting this market is a hard task, perhaps the manipulators are the only ones with the ability to predict the price direction


the price went up, just like the last time they talked about a new variant or when they talked about the existence of this covid

It seems history repeats itself when the covid 19 started to spread last March 2020, take a look at how the price reacts. Dump on the day it announced, not only cryptocurrency but also the stock market and other markets too.
That's the time Bitcoin reversed after the hard dump, so this time, we are about to end the year and currently pump on 2 days before the monthly candle close, very bullish.

Today Bitcoin is still showing an upward trend in the price of $57k and some altcoins as well. even if Bitcoin slides tomorrow but we will be able to see Bitcoin and other cryptos will print new ATH effects from the new variant of Covid-19 (learning from yesterday's experience) in fact more and more people are investing in crypto, and that gives a positive sentiment for digital currencies .

As we all know when the market faces volatility everything can happen in a single day. Not only on collapsing but the price can also gather enough time to raise its price again. So, with this little time you have, you can make a decision to take advantage of the market if you are willing to take the risk as well. Of course, it's all about taking the risk here because when you got the price in the market sinking, you have the choice to enter the crypto market cause you know the price will be back again and might somehow create another ATH.

I also think that trend is bearish now. First of all, crypto market was really overheated. Secondly, new Corona variant was found like you said, so I think that there will be still a correction on both crypto and stock market. So I am getting rid of altcoins. Nevertheless, I will continue holding mainstream currencies as well as I continue to do staking and yield farming.

although there is no definite relationship between these two markets. but I think crypto has almost the same chart. So like you said, the crypto market could probably be worse than this. seeing the sideways situation in the crypto market at the moment, most likely it will happen.

No, I don't think. The stock and cryptocurrency market is totally different. We have seen previously even during a full wave of COVID pandemic Bitcoin was in a bull trend. This means the overall cryptocurrency market was a bull trend. It's because during the pandemic a lot of people lost jobs, some of them moved into the cryptocurrency market to make some money and spend lazy time. As a result, the market got a few new investors and start to move uptrend.

If Bitcoin dump I think it's as usual. The effect of the new variant shouldn't affect into cryptocurrency market unless people become panic. Panic sell is a huge problem in the cryptocurrency market. Panic could dump the whole cryptocurrency market, doesn't matter whether there is a new variant of covid or not.

Due to the volatility of the market it is inevitable that we could see an unexpected price correction from time to time. I think no one knows what's greatly affect the crypto market that most of the token are in a red candle for almost I think 2 weeks if I am not mistaken, for a risk taker this is the good chance to grab on and buying which token you prefer to buy but I think it would be good if it would be in the long term investment but if only buying and aiming for easily get a return of investment it's not the best option.

For me it's still in a good position. I don't know about other will think about it but $57k is not a joke amount.
I lack knowledge about stocks and I am not used at comparing that in cryptocurrencies. IMO, Bitcoin always has it's own way of moving the market.
Will it collapse further? Yes, it's possible and it's not just about the new virus. Consider the December month as a spending month and most likely a part of investors are already taking out their savings to buy the necessary things for gifts and preparation for food in the table for good luck in the next year to come.

Anything can happen, the world is always evolving and changing unexpectedly, what is happening with cryptocurrencies today certainly makes many people believe the market will last for a long time, but we should never think that crypto will not crash, it's better to think realistically and immediately look for alternatives investment or income if the market drops.

Volatility is something that we really have to face and accept, and what happens to the crypto market is not always influenced by news although news does affect market movements and it is best not to be influenced so as not to panic.
it's better to take this moment to make a purchase and continue to do analysis before doing it and save it for the long term which in my opinion is the best choice, because the crypto market is difficult to predict and must always judge and act wisely because what has happened will definitely happen again and must learn from experience.

yes, maybe tomorrow it will go down and the following days will rise again in my opinion, and this is called market fluctuation. I think if covid 19 disappears and the economy gets better then it is very possible that all types of crypto have the potential to improve and have high prices.

wouldn't it be that if there was a new variant of corona some assets would be stored in crypto as was the security and trend of the previous corona ,the price might skyrocket ! it is very risky to put in some other stocks which will make centralized performance out of control and cause bankruptcy there is no real work because of the new variant corona ! but it could be that the price continue to lose because some people want to use money it at christmas and new year ^{but it's still a long time about 20 more days}

Its happening gradually actually , even some sites such coinmarketcap telling that the market is up by how many percent but unfortunately despite some alts still red and keep fluctuating after showing an up trend.. If this will continue for sure most of the crypto will keep bleeding again for how many days or weeks unless market didn't show a good sign.  Bearish is showing a sign to be honest.. So let's be prepared..

I think we're different from stocks. We have our own trends. However, when it comes to new variants of stocks or cryptocurrencies all will be affected. But, the news of cryptocurrencies will fall I heard a week ago if near the end of the year to the beginning of the year crypto prices will tend to fall. I just hope this decline isn't as severe as in 2018.

I'm confused. Does stock and crypto prices behave similarly?
Because for me, I don't think so. Wondering where did I get my opinion. Well, during the pandemic, where stocks were going down, crypto and other new technologies started to be recognize, and therefore crypto and bitcoin prices increased. So I don't think bitcoin and other cryptos will be affected by the new covid variant going around. Because actually, I think this pandemic makes crypto much more popular than before. Therefore, crypto prices won't collapse anytime soon this year even us having a new covid variant.

Of course, I am sure that the fall will eventually take on a diving value, because large players will fix profits in dollars, which in turn will panic in the market, and after fixing in dollars, they will start buying shares of leading companies, and stabilization will take place on the common stock market. , the law of conservation of money.

no. somehow I think the stock market and crypto are not related. so the crypto market will not move like the stock market. At the start of the pandemic, the stock market also crashed. but not for the crypto market. the crypto market is benefiting from the pandemic, maybe that's one of the things that triggered yesterday's bullrun. so basically these two investments will not move in the same direction. so don't be afraid if you see a negative stock market, it will have no impact on the crypto market.

We've had the value of Bitcoin and several altcoin move downwards severally, but at the end of the day, they still find their way up. I'm personally still positive about the market and as long as bitcoin maintains its value above $50k, I believe we're still in the bull market. It would get much better because I see eth hitting a new ATH before the year ends.

Anything can happen, what we think is impossible today can become a reality tomorrow, for example are Nokia and RIM companies which when they were strong many people said they would be 100 years old companies or more but they died because of competition, one day there will be a system better transactions than cryptocurrencies thus making crypto worthless.

I don't think the new variant of corona virus will leave any negative impact on cryptocurrency market, the cryptocurrency market has been established very well compared to last few years and the most important thing the involvement of big players and companies indicates positive signs. Currently the market seems to me in decent condition although little bit correction may occur because it's a part of cryptocurrency market but it's not mean we should fall in panic and fake rumors and end up our investment and opportunities with loss.

The stock market is really affected whenever there is virus or variants that are happening since there is a need to close boundaries that affects the economy of each country and mostly in stocks it is more due to the market status unlike in crypto that can be use in different countries and mostly happens online. Price in crypto can still be affected maybe in good way like what happen last year tan shifts in crypto or might be in bad ways depending on the hype or pulse of the traders if they will shift again their investment into crypto.

ups and downs are common in the crypto world. the price of bitcoin has fallen several times before bouncing back. however, for now, I don't think that bitcoin will collapse.
although the odds are still there, I might as well take advantage of that and buy some bitcoins. bitcoin had collapsed in 2013, and after that it grew again, and in 2018 the bitcoin price had collapsed, but returned again with a higher price.
So, I think if the price of bitcoin falls again, I think there will be people who go back to using it. well, this is the technology needed today.

Now that bitcoin has drop again its value, i really think that when it recovers, its value will be even more higher compared to the previous ATH. This is how bitcoin moves in the market, sometimes it goes down, but most of the time it moves upward. But it never crossed my mind that bitcoin will definitely collapse after today because what is happening today is just a normal price correction and any coin will be affected for sure. But just like those previous corrections, bitcoin and with solid altcoins always bound to recover and soon to reach another ATH again.

Covid-19 has hurt us economically and people have resorted to digital currency to make up for it. Nowadays people have gained a lot of knowledge about cryptocurrency and started investing in it. So now Bitcoin has crossed $ 56k and other cryptocurrency volumes are rising. So, it is true that Bitcoin has broken all past records, so it is good for the cryptocurrency market. I think the cryptocurrency market will be in a better position in the future, whether Covid-19 or not.

That is exactly how the long term approach is and what I am doing. Prices could drop here and there which is understandable, nothing really shocking about that, but the reality is that we are talking about something that is very volatile and always goes up in the end.

So, why not focus on something that is a bit more possible and make a profit in the long run? I bought bitcoin at all those falls, unfortunately sold them all at the peak but if I kept them then I would have a lot more money right now, I just needed it for some stuff. I bought some more during march drop as well and I am doing fine right now. I hope to wait it out until I do not need money anymore, I really wish to get a lot richer compared to what I have right now and that could only happen if I take advantage of every fall crypto has and that way I could make a lot more profit.

You've probably already noticed that the price of cryptocurrency has gone up, which means there is no reason to worry that the price will go down. As for the influence of stock market prices on the crypto market, the situation here may be different, but if you look at the whole situation in general, then we can assume that in December of this year the crypto market should enter another growth phase, but after there is a high probability of a prolonged fall in prices. But 100% no one can tell you what and how will happen to the prices of cryptocurrencies.

Agreed with @freedomgo, I don't know what will happen to the Altcoin market but if you have any investment in the Bitcoin market then I don't see any reason to worry about these small dumps. In this year, each time the correction occurred to the market, Bitcoin just recovered and broke the ATH with full energy. If you take a look, you will see that panic selling has come down a lot, which means that no one is afraid of these dumps anymore, everyone is in the long position of $100K.

I have a good feeling if the price of cryptoqurrency in the next week will increase, in one week this is a good opportunity to buy. other than that the price of btc is still stable at $58k so there is still a chance that at the end of the year the price of btc will reach $70k

In the world of investment, investors must be prepared to accept all the risks that arise.
It's not just having fun when I'm on, but it must be able to smile when you have defeat with all the consequences.
Like traders who are ready with losses.

I don't think there is a direct correlation between the crypto market and the stock market. Most likely these are random coincidences and not a strict system. And the Corona does not affect this in any way.

Of course, the decrease in price won't make Bitcoin collapse. The current decrease is normal, it is a correction after the big increase several weeks ago. In my opinion, Bitcoin price is starting to increase gradually again. Look at the price of Bitcoin today, it is increasing from $56k to $58k, there is a positive move in Bitcoin price. In the next few days, I think the price will come back above $60k again.

Yes, there is gradual move in the price of bitcoin. This could make changes in the price of altcoins. The price corrections weren't over yet, and there were more positive news to come in the falling month. Every year December there used to be some form of bullish trend. We don't know how things gonna happen this year. If there is year end growth the market will get new high time price.

Frankly, I don't watch the charts any more because I am yield farming on Ref Finance. I make money whether Bitcoin goes up or down. I don't look at the charts anymore and I farm my rewards weekly. I don't work anymore and I don't have any stress. My only worry is smart contract risk but the Ref team has done a pretty good job of managing their platform.

Bitcoin is now showing a positive sign of price increase as it’s slowly recovering from its low price. So if this momentum will break the resistance level of $60k, then hopefully we will witness again another bullish season with a higher ATH. However, if the correction will still continue in the next months, I don’t think this will cause for bitcoin to collapse. It’s not gonna happen in the future, unless there will be a force shutdown of all internet connections which I think is very far to happen. Just keep the faith for bitcoin because we will be making huge profits when all this correction will be over.

We can't say for sure. Bitcoin is still in a healthy position. The coins in My portfolio have been on the rise generally, except for a few that have been down momentarily. So, except something crazy happens, I don't see a downward trend

Bitcoin is different though, it's been healthy throughout the year with some minor dips along the way.

As far as altcoins goes, it's really hard to see maybe except those top 10 coins because they are solid in the first place. But for those who is below, it's going to be very difficult to survived because it seems that that market has been saturated already with thousands of coins around to choose for investors.

Put this in the back of your head Just when you are negative and losing your shit crypto comes back in speed and the pump like 50% more and by that time you thought you are wise by tethering My advice is just take profit along the way and leave the rest to ride That way I think it give you a conscious free mind to analyze the market Dont be all in and dont be all out either Stay just clear enough to breathe

I think you might find better answers with more technical analysis and detailed explainations if you were to post a topic like this in altcoin speculation, or better yet, Bitcoin speculation (since altcoins seem to follow the main actor, Bitcoin). That being said, I think the weekly is not looking too good. Last week ended with an overshadowing of a large red candle, which indicated to me that the dip isn't over.

This true if you are farming only in stablecoin but if you are providing an LP for a non-stable coin, This is not profitable in the long run if altcoins go down due to impermeable loss.

Bitcoin in long time frame chart is showing a bearish trend which means there's a part in a week that Bitcoin will show a sudden dump and close for a minor recovery. We need a solid gains and closed strong a weekly candle to break this bearish trend.

The crypto prices will collapse further tomorrow, run away and save your money without looking back ;D
I am just kidding ;D
Suppose those people think that the crypto prices will collapse in a short time.
In that case, they are wrong because the crypto market is already growing fast this year and will still grow in the future by reaching many people who are aware of how to have a new investment and how they can allocate their money in the right place.
We should hold on tight to our crypto, whatever is happening, especially for our bitcoin, because the crypto market will be back normal like before. However, the price will still be volatile because the volatility is part of the crypto.

Bitcoin journey throughout 2021 has been quite volatile. When compared to data in 2020, Bitcoin prices continue to rise even very many times compared to the 2021 data. Recorded at the beginning of November Bitcoin managed to reach an all-time high, Bitcoin broke the $68,525 level.
Now Bitcoin price rally is fading a bit, this condition leaves little room for buyers to take some profit.
Bitcoin downturn is only short term (personal assumption), because there is always a positive sentiment that hits the crypto market towards the end of the year.

Anything can happen, I never thought that cryptocurrencies could last for another 20 years, the development of information and technology is so fast that we must be ready at any time if there is a system that will replace cryptocurrencies.

IMO, I believe that in the crypto industry everything can happen without expectation, Bitcoin and all other cryptocurrencies are subject to price changes because of their volatilities and I think all of that possibilities are common in this industry so the price dip is part of the system so maybe Bitcoin and other cryptocurrency prices will dip down further in the coming days but definitely, it will not collapse and back to zero.

My prediction is that the new coronavirus variant is having an impact on the entire business industry. I'm sure that's not the case in cryptocurrency alone. The stock market is experiencing the same thing. If you ask if crypto will go down far tomorrow, it looks like it will go down but not too far. We've had a lot of bad things in cryptocurrency but we continue to survive so at the moment cryptocurrencies have a lot of support.

The stock market is very different from the crypto market, I never thought that the downturn experienced by the stock market would also involve a decline in the crypto market, because previously we saw when the pandemic first hit the world the stock market experienced a significant decline, but the crypto market moved in the opposite direction, so it can be concluded that although a new variant of the corona virus appears now but it will not affect the decline of the crypto market.

It won't be crash in general because the amount of the holder is still have huge amount and the trading volume is still big compared to previous years.
But there will be some coins that will haave their collapse time because the hype is not already there anymore.
Something like memecoins and it's fellows will have a huge price decrease due to hype transition to another hype next year, so for anyone who still holds the hype projects coin, it's the right time to make a decision

Because of the new variant? I doubt it'll be the reason, this is the 3rd time we encounter a new variant, I'm pretty sure that the effect of the Omicron will later on be well defended considering governments have learned what to do by now, but if not, I still don't think it'll be a negative effect for the whole market.

It can just as easily go the other way too, though. We've all seen crypto do -90% in a few months, and that's talking about big ones like ETH, not to mention -99% for smaller alts.

So if you don't want the headache of worrying about crypto collapsing, then trading isn't for you (and in this way it isn't for 99% of people).

Why not just buy a little every time you can afford it and hodl?

Guaranteed regular breathing, I tell you ;)

The end of the year to the beginning of the year is usually a negative market for cryptocurrencies I feel the current correction is a natural thing. But I'm confident that next year's correction won't be as severe as 2018. We know that the worst history of cryptocurrency is the bull market of 2018.

Oh really? but i see till now there has been no such sign and now it seems rather like in 2020 that indeed they have even reached a new ath in some coins (apart from bitcoin).

on the other hand I am still optimistic for now for crypto because indeed they are still quite good in future prospects.

I think for the end of the year it will be better if it closes impressively as some speculators say about it

This is not surprising, since every investor has to pay tax at the end of the year. And every major investor chooses for himself the maximum price for sale, which will allow him to record a profit for 2021. It is quite possible that December will become just such a month when the price will decrease relative to the current one due to the large number of positions being closed.

Cryptocurrency market is really fluctuating due to one reason or another, but the tendency of crypto price going down completely is very low, because Bitcoin as the pioneer cryptocurrency token, has plenty investors that are really ready to promote crypto activities. Also the trust people have in bitcoin and some crypto tokens keep making people to invest in cryptocurrency.

I think it's possible, it could happen at any time.
When the price of bitcoin has almost touched its highest price, many people are trying to make a profit by selling their bitcoins. The more people sell their bitcoins, the more the bitcoin price will fall.
This drastic price movement will scare other bitcoin owners so they don't want to lose anymore and immediately sell their bitcoins. As a result, the price of bitcoin could continue to fall.

I think crypto will go down but it won't go down far. Because the corona virus has a beneficial side in cryptocurrency. Like digital transactions for example. If the virus can directly contract it will be infected then with digital currency is the solution for payment.

there is no influence between the new virus and the price of bitcoin, because the value of bitcoin is different from stocks where stocks are very influential in the economy of a country and while bitcoin is a group of people who invest and buy and sell crypto currency, only for profit.
and tomorrow's price drop problem I don't think will be too deep because BTC is still at 54k$

I don't think Corona has any effect on crypto. The reality is that ever since the Corona virus appeared, the prices of all cryptos have increased a lot. Although there is a lot of information about the new Corona variant, I'm still sure it won't give crypto a bad value. Price movements are influenced by many other factors, not because of the currently announced Corona variant.

Of we put a glance on 4 year chart December is not good for crypto. There is possibility of some negative market but metaverse and trending coin can be bullish.
Due to new Corona Layer there may be some dump but we should not totally quit crypto. Lets see what happen on first Dec.

Well sure it is kind of similar to stock market, but the factors that affect both are different at some cases. Do I think that crypto price will continue to lose? Yes and no. It is just crypto being crypto. It is just unstable as what we had always experienced for every year with crypto.
Corona variant wouldn't really affect it that much, since it is not yet at that point where it is worrysome.

Every day our market falls and grows. Bitcoin goes up and down and Covid-19 does not interfere with it in any way. The next restrictions due to the pandemic can cause any of his movements, and how it will actually be anyone's guess.

I suspect that there are plenty of things that impact both stock market and crypto market all the same, whereas there are stuff that impacts them very differently as well.

The difference is that, if the problem is based on economy in general (like covid) then both will get affected, whereas if it is about just stock market problems (aka 2008) then it is mostly good for crypto but bad for stock, or if the problem is more regarding some crypto currency turning out to be scam or whatever and billions are gone? That will impact crypto a lot worse but it won't be cared in stock market. All in all there are all kinds of possible ways, so I assume it is definitely going to be different in each time.

This market has been reacting over the global news since then so I also think that if there’s a news about the new covid variant most probably the market will react on that either to go up or go down for a while. Crypto are still vulnerable and not a perfect market so expect a bear market always but don’t worry because good projects can recover in time, we’ve been through a lot of pumps and dumps already and look at the market now, its getting better.

The new variant of covid-19 won't affect the economy of the world as the way it did last year. You shouldn't assume that the fluctuations of bitcoin are based on the corona variant disease happening in some countries now. Before the corona variant started, the bitcoin price has been fluctuating beforehand.
Concerning whether the crypto price will lose its value tomorrow, I don't think so cos crypto market is volatile ie it fluctuates (reduce and recover in price back)

I say that this is not a good thing considering that the crypto market is currently in a downturn. a lot of coins whose prices are dropping further and further down. but if you look at the price of btc it has started to rise in price and I hope altcoins will follow suit so the market recovers quickly. but we can only wait until the green market returns by holding it in so as not to lose too many losses. stay patient to wait for the market to recover and I hope it can happen soon.

Ok, thank you for the warning and knowledge you gave because I just found out about things like this.
on the other hand it would make a lot of sense if something like that could happen because indeed most people would probably reset their finances and start over from scratch.
That means there are only 2 possibilities now,
1. Can we take advantage of the momentum by selling all the assets we have and buying again at the right price?
2. Keep holding on to the assets we have and will not waver even if there is a decline.

there is such a possibility..
but judging by the economic risks during the pandemic, it will actually be an opportunity to increase the price of crypto which everyone is required to be able to adapt to by working at home and also doing new habits without having to take high risks..

Today is first day of December and the market is actually up after a little volatility, so far it's difficult to predict what will happen in terms of prices this month but I predict BTC, ETH, and BNB to maintain their current price. BNB, ETH and maybe Polygon may be a good Hodl this season.

top coins like bitcoin, ethereum, bnb are still doing well, I would say it may have no effect for the new Corona variant with the krypto market, as lately the market seems to be in good health and volume is high, I'm sure it will continue again in the quarter early next year.

Bitcoin had a decrease today, and there have been some analysis that are predicting that there would be further decrease. But this has been something that we have been experiencing for very long time now, so I am also on the side that it wouldn’t go below the 50,000 mark, after a short time the price would still go up above $60,000.

We have already experienced this kind of thing when the prices went from around 64,000 and down to $50,000. So, it’s just the same thing. Currently I would say that the market is still in a good condition, and it would continue like that throughout this December. Am I swear expecting a bullish trend before the year runs out. Even ethereum seems to do quite OK and a lot of them.

Bitcoin price i know does not have a fixed price in particular, the price can degraded from the market determinant, collapsing of the price can be experience alongside of the day because the price is not always be constant, from the experience the price is 560000 thousand and it degrade to 540000 that does not signified that the price is in collapse motion, tommorow might be different from the next day price.

That’s how volatile bitcoin is. The price might be down at the present but it might be very different the following day. It also goes the same with solid altcoins because even if they have bad days today, once positive news will come in the market, they have all the chances to skyrocket again. So it’s far from reality that crypto prices will collapse after this correction phase. Having a bearish and bullish season is part of the crypto market, and if the market looks bearish at the moment, next to it is definitely a bullish season for us crypto hunters.

I don't think the new COVID variant will negatively affect crypto prices on the market. After all, crypto lives in the digital world. It's traded 24/7 across exchanges (unlike stocks). The market may be bearish right now, but that's bound to change soon as Bitcoin attracts investors due to ever-rising Fiat inflation rates. I see the current situation as a big opportunity to grab prominent cryptocurrencies at a discount. Bitcoin is quite a bargain these days, considering that it went to nearly $70k this year. Experts are predicting it'll go to $100k, so buying a few coins now might be the wisest decision you'll ever make. Prices going down shouldn't be much of a concern if you sold coins when the market was bullish. As long as you play your cards right, you'll have nothing to worry about. Just my thoughts ;D