|
I think we are still feeling the effects of the market crash that started in January. Look at the charts for the last 12 months, especially the BTC chart. Prices look like they are starting to stabilise now. When the markets are in turmoil it can be useful to look at how BTC is behaving.
BTC seems to have a hard minimum now at around $6k, so the signs are starting to gather that we may finally be able to exit the downward trend that has occupied all of 2018 so far.
Time will tell though, and obviously this is all guesswork.
|
|
|
|
|
I still think that we are trending towards a stable base point. Ever since the chaos of January, each successive rise and fall has been smaller than the last, but we always bottom out at around the same point (for the whole market). I've been saying this for a few months now, but I think it still holds. No-one knows for certain, but it looks like we are moving towards establishment of a solid base from which the next bull run can launch.
|
|
|
|
|
There is nothing that we can do as individuals to move the price, and even if we could it wouldn't be a good idea - some people do this on smaller coins where they can make big enough orders to manipulate the price, but this creates an artificial price that cannot persist long-term.
|
|
|
|
|
I think statements like this are made as much to encourage a price move as to actually predict one, so I don't take that much notice really.
However ETH does look low relative to other crypto projects, and plenty of people (myself included) wouldn't be surprised to see a price rise.
|
|
|
|
As we notice that almost all the altcoins follow the price of bitcoin . I'm just wondering when they will become independent and don't follow the bitcoin price?
The reason is the lack of fiat trading pairs for most alts. Say a coin has a price of 0.1 BTC, and bitcoin is at $6000. So the coin has a price of $600. Bitcoin then rises to $12000. There has been no trading on the altcoin, it is still at 0.1BTC... which means it is now at $1200. So the price charts will say the coin has risen 100% (from $600 to $1200), exactly the same percentage increase as bitcoin. But in fact the coin hasn't moved at all, there has been no trading. This is a simplistic example, but it is caused by the lack of trading pairs, and by the facts that a) when trading on an exchange you are typically trading against BTC, and b) coinmarketcap gives you prices in $ rather than in BTC. |
|
|
|
|
I don't think we can relate the XRP price move to any recent news. In the past there has been lots of good news about XRP and Ripple, but the price remained unchanged - I'm thinking about about most of 2017 here. And then there was that mega-rise to a couple of dollars, which was fuelled by the South Korean market getting overheated rather than by specific XRP news.
I do think it is a good coin, and one of the most likely routes to mainstream crypto adoption... but price moves don't seem to be related to news in general for XRP.
|
|
|
|
Hy all
I want to ask for you opinion about the Market, but could this month be the best month for market come up fully?
Secondly I want to invest but still afraid of the Market. Please suggest me best way to do now.
As others have said you need to decide for yourself, but the one piece of advice I have is to look at the long-term charts. If you just look at the charts for the last few weeks, that doesn't tell you much. But if you look at the charts for the last 12 months, particularly the chart for total crypto marketcap, then you will se the pattern. It is even more evident if you look at the bitcoin price chart for 12 months. You will see that after the huge rise at the start of the year we have had a series of falls and then partial recoveries. Even fall and each recovery is smaller than the last. The question is where do we go next given this pattern. I think that we are establishing a new base point, and once this is firmly established we will see the markets rise again. This is just my perspective though, and crypto price moves are notoriously hard to judge. |
|
|
|
I know its a silly question looking for what is happening with market and like everybody i still think if even this year will be bad the next one should be better and even then crypto is still young (except bitcoin but what is 10 years). Do you guys still belive in alt and bitcoin? And im asking about technology not only a price couse price is ambivalent if we focus on technology
The technology has the potential to be revolutionary, and I'm very confident that it will achieve that potential. Mass-market crypto adoption involves a huge change, and there is always resistance to anything that disrupts the status quo. I think the main thing that will drive crypto adoption is when one big business takes the plunge. Businesses are always looking for competitive advantages, and crypto offers that. As soon as someone deems the risk worthwhile, then they will get that advantage and then everyone else will jump in to avoid being left behind. Price volatility is due to the youth and thinness of the markets, and the difficulty (impossibility for many coins) of trading to fiat. And whilst price volatilty may scare off big money investors, it shouldn't deter companies that just want to use the tech. |
|
|
|
|
We had a small rebound from the bottom, and now I think we will either see a market rise or else we will drop back to the same bottom and bounce back again.
The low point of the market looks fairly well established now, and there is a lot of resistance to further drops there.
|
|
|
|
|
I would agree that there is no reason to panic. We all know that crypto is volatile, and that there are downs as well as ups.
Long-term the outlook still looks good. Crypto still offers hugely beneficial solutions to real-world problems. And the fears of any country 'banning' blockchain are still baseless, as any country that does so will put itself at a competitive disadvantage.
And short-term there is no reason to panic either. Prices seem to be stabilising around (or slightly below) the current level. Bitcoin in particular seems to have a really solid resistance point.
|
|
|
|
|
I think we are still in the aftermath of the huge rise in December/early January. The bear market started after that, and we've been in it ever since. There have been a series of partial recoveries, but the encouraging sign I think is that we are starting to see a solid base point being established. Particularly for bitcoin - look at each low it has hit this year, and you will see they are around a similar price. The resistance at this price point has held so far, and maybe it will be tested again or maybe not, but that is the important price to watch. Minor up or down movements above this aren't of any long-term consequence.
|
|
|
|
Friends, many analysts say that soon the bearish market will be replaced by a bullish one and, accordingly, there will be a turn up. What altcoins do you think will greatly increase in price?
When the next bull arrives, I think everything will go up. But ETH in particular looks underpriced relative to the other top coins. I do agree that signs are strong that we are getting ready for a bull run. We have bounced back several times from the same market lows. Bitcoin in particular looks to have a solidly established base point. Obviously it is all guesswork, but the long-term signs are encouraging. |
|
|
|
|
I think that recent signs have been encouraging. We are seeing a lot of resistance to further drops at the moment, and this is about the same price point as we've bounced back from previously. It looks as though we are building a solid base for future rises now.
|
|
|
|
|
We are all guessing, and no-one knows for sure. However one thing I would suggest is to look at the 12 month bitcoin price chart. You will see a series of price falls and then partial recoveries. It is noticeable that the market always seems to bounce back from a similar price point around $6000. Each bounce back gets smaller. This suggests that bitcoin will eventually level off at around its current price. And then in theory once the price is firmly established, that is solid ground from which the next bull run can start. I think bitcoin will lead the way, and alts will follow. As I say though, we are all guessing, and no-one knows for sure...
|
|
|
|
|
I think that ETH price movement at the moment can't really be separated from crypto as a whole. If you look at bitcoin as the marker, and you look at its price charts for the last year, then what is apparent is a series of drops and then partial recoveries. Each fall is smaller than the last, and each recovery is smaller... until we reach roughly where we are now, which is where we are trying to establish a solid support price that can lead to the next bull run.
It is too early to draw definite conclusions, but it looks to me that bitcoin is solid above $6k, and this will pave the way for future price rises. And when bitcoin starts to soar, alts including ETH will follow in its wake.
|
|
|
|
We have this situation. 25x NOT that hard, but still...
How would you do?
It is hard in the current market. There are times when everything is going up, and lots of coins will give you profit. Equally when everything is falling, you can sell for USDT and buy back later to increase your coins. But I would say it is difficult in the current situation. You'd have to perform a series of extremely well-timed trades, and probably also make no mistakes that cost you money. |
|
|
|
|
Holding is the safe option if a) you believe that crypto prices will rise in the long-term, and b) you don't want to trade to short your coins.
Trading can have its pitfalls - yes you can make money, but it is also easy to lose money if you time it wrong, and also many countries (e.g. the UK) consider crypto-to-crypto trades to be taxable events, so this also needs to be a consideration.
|
|
|
|
|
The price of ETH and of most crypto projects is based largely on potential. Yes, ICOs dumping tokens can have an effect on the price, but it is not the main driver. All of crypto is falling this year, ETH is not alone.
The main reason for the price drops for ETH and other coins is that crypto prices are dependent on expectations of future use, and so the markets are highly speculative. Add in the fact that crypto is unregulated and easy for whales to manipulate, add in also the excessive crypto hype towards the end of 2017 and the prices rising way too far way too quickly... and the price drops this year then make sense.
ETH is a great project, it's not merely an ICO platform. Look to the future - smart contracts have the potential to transform everyday life, particularly once IoT starts to mature. There is no reason for concern, long-term ETH is heading upwards.
|
|
|
|
|
Show Posts
