No one knows.! Its really hard to make out sentiments if you do know that this market is something that you cant just point out on where the price could possibly go.
and thinking with all the possible factors that could affect such price movement behavior.We do always end up on having the same questions all over about on where it could possibly be heading
on next minute,hour or day but eventually this do talk about demand or adoption which would dictate neither we would go up or down.
Volatility is no surprise because it would really be just always like this.
Precisely, no one knows exactly what is really happening on the cryptomarket because no one has a control over it. All of what we have know about the fluctuations of bitcoin price especially the sudden dipped of bitcoin exchange rate the past few days which led to an exact exchange rate below $50k was just a price correction. In which in fact, this price corrections are just a natural phenemona of cryptomarket, it only shows the imbalances of supply and demand of the token. |
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I think any news and mention about bitcoin will bring more investors to invest in cryptocurrency. That is such as free advertisement. And if that is happen in TV then it is the best because television is wide spread media. This is good technology and if there are some people who explain bitcoin more details then mass adoption will be happen.
It's a lot more attractive to new investors knowing bitcoin was now announce or mention in news be it in social media or any new article. But to be honest, bitcoin now are doing great by introducing itself to the market, to the people by just simply proving that it has a value that worth it to be invested. Personally speaking, if i would going to choose between bitcoin and gold i'll go for having a bitcoin. Both are worth it and valuable too but having bitcoin was more interesting. |
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The opposite thing was happening and it seems like that your prediction won't become reality. Ethereum is almost touching 3500 and it's still growing again right now even there was a small dip but it goes to the moon.
I do believe we will see ethereum to go to the 4k rate and the correction will not come until ethereum will be reaching its peak price.
Ethereum is very bullish at this moment and it doesn't make sense to expect the correction will come soon. We will see another big update to be implemented for sure.
4k will be real.
Well OP are also asking does this Ethereum pump will going to have a price correction after attaining a $3k exchange rate. But, Oh oh, currently ethereum exchange market are keep on pumping and yeah opposite thing are happening to Ethereum. And I guess we will still witnessing the Ethereum sky rocketing getting into a $4,000. This is a pretty good time of ethereum to remind that ETH are still the kind of altcoins and what are the good thing about was other altcoins too are getting into good price too. |
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eth has indeed represent itself as the king of alts, price keeps going up with very little correction inbetween, if it keeps going this way, 4k in few days is very doable, i can't believe eth will go this high, am slightly feeling bad for not taking the bold step on eth when it was below 1k, now i get why @op thinks bsc and bnb is good alternative, because it is possible bnb can reach this level in near future,
are we going to witness the eth season soon!
No other altcoins beats Ethereum and that is what I have realized looking at the market today and watching Ethereum keep on soaring high started last night. So yeah, i would have to believe that this month is totally an altcoin season well because aside fron ETH other altcoins are doing good too. Currently, ethereum was in a $3,392 exchange rate to be exact. And i have this gut feeling that we will going to welcome a new ATH of ethereum amounting to $4k👌. |
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That's very strange question. Why should anyone disclose in public what he is going to do with his money.
One thing I can assure you is I am not going to convert all my holdings to fiat. What is the purpose of supporting crypto if you sell it for fiat.
I hope by then everyone will start accepting btc and I won't need to convert it to fiat to pay my bills and other expenses.
I bet no one will going to disclose their plan on what he would going to do or where he would going to use its money. But at the same it isn't strange feeling that soon bitcoin will going to hit $1m exchange rate even how strong the resistance of market it has today. We have seen the last ATH exchange rate of bitcoin amounting to $66000 but now the market of bitcoin was struggling to hit $60k again. If ever the market will hit $1m i'll definitely going tto save a half of it. |
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That's like telling people to become poor and spend even it's not necessary. The covid pandemic has taught us to be wiser around this time. And even those people that has no financial background tells that they're becoming wiser because it's best to keep the money that you don't spend.
Well, maybe to you this is what you're doing or you're just telling this to everyone while you're doing the opposite.
It is exactly what I have in mind when I read OPs thread. I currently lived in a country where quarantine protocols still implemented, a massive unemployment rate increases, it is hard to find new job today but what I have been grateful today was the thought that I am now working in my own space, pace and doing crypto job full time. Personally, I can't agree with the thought of spending money now because we should still plan for the future. I couldn't contain myself to spend now because life is so hard and we should have to save for tomorrow. |
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It all depends on the perspective. Governments cannot control crypto directly since they are not the one who developed it.
They don't any access over the specific blockchain network. What they can do though is that they can restrict the company from operating in that locality.
But still the company has the option to operate the network from countries which are crypto friendly.
So yeah, Government cannot control crypto directly.
Technically speaking no governments or no one in this world that a country government have a control over a cryptocurrency. But know what the things that the government has a control over crypto? It is the laws and regulation on their government like prohibiting their people to use or invest in crypto and banning cryptocurrency to be circulated in their economy, but directly having a control over crypto market it is absurd and unbelievable to be exact. |
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The competition between ETH and BNB will make cryptocurrencies stronger than ever. I think BNB is doing great work right now and thus it ranks 3rd after ETH. The biggest problem with ETH is high transfer fees. They will be updating on that. BNB is already pleasing everyone with its BSC network  I strongly believe that what I have witnessed the cryptomarket today I can now say that ETH and BNB has a strong competition between them. Also it is good and amazing to watch the coin market cap that the two most widely and useful blockchain in the crypto market are both reaching the new ATH. But to be honest I am still an avid fan of Ethereum no matter what, though I also found Binance as a good altcoins too. But honestly speaking, Binance was a quite impressive too. |
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Being a trader for me is not a good thing job, in my experience I've encountered many things I earned several times, and loss as well, but unfortunately at the moment, I still survive for a couple of years since 2015. That is because of the belief I have in doing trade here in cryptocurrency, although sometimes I'm not sticking on the plans I have for it.
Well the essence of trading was incomplete if a trader only experienced winning right. Winning and lossing are the two main categories of essence when it come to trading, investment or even in the real businesses. For me it is hard to stick on your own trading strategies and techniques because the crypto market trend are keep on varrying. We should have to cope up whats the trend right but at some point there are certain trading plans and strategies that works only for you and works through time. |
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$3000 is already way far. I don't think we will go back there.
2022 - 70k. Yes, I think bitcoin will slow down after so much pump with rich investors and their hype. A correction will happen over and over.
2023 - Could still be a stagnant year and may just play with $80k with new investors buying in. It may stay that way until 2024.
2024 - 2025 The crucial year. The halving. Preparations for purchasing Bitcoin before the halving. It always ends up to be a dump. Could play with $70k - $100k if a good event adds up.
All of this could come true if we can get out of this pandemic. But if only the rich will have the purchasing power, trust from small investors could fade looking for a sell point.
I want to be optimistic when it comes to a highest bitcoin exchange rate that it could attain but for now I couldn't help myself but to look for what might be the possibility for now like a bitcoin having an exchange rate of $70k -$100k at the end of the year. I guess the lowest value of bitcoin that was been recorded during the bearish market wayback 2 years ago was possible but impossible at the same time. The market of bitcoin has a strong resistance today than before that would justify our predictions. |
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Isn't negative news about Bitcoin common?
Even during the first bullish trend in 2017, there was a lot of negative news related to BTC. It is even linked to the issue of terrorism, clashes with religion, fraudulent investments, scams, fraud, and so on. Because it is now familiar or surprised by this. And of course, don't make us drop anymore.
Well to be exact yes, for me negative news about bitcoin is common and know why? Because bitcoin was the most common cryptocurrency today and when we are talking about cryptocurrency people knows only the name bitcoin. Though we also have Ethereum and there are other new promising cryptocurrencies arising today but can't deny the fact that bitcoin was the most common. And I don't think so that the spreader of negative posts about Bitcoin was from Doge community, or maybe some of them are. |
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This is like the most interesting piece of news I've read today. What makes you think Bitcoin has got anything to do with being greedy? Isn't that some personal quality, though bad, that is in people individually. A greedy person is a greedy person whether it's with the most cheapest thing in the world or it's with the most expensive thing in the world.
There has always been human beings who are greedy and bitcoin can't change that. That we have greedy people using bitcoin doesn't mean bitcoin caused it.
That everyone is looking for a way to make some extra money doesn't mean everyone is greedy.
Being greedy was an emotional state of a person and butcoin has nothing to do with it. What I truly mean was people have already a characteristics of being greedy even before bitcoin was made. But can't deny the fact that bitcoin can trigger the emotional state of these kind of person. Can't deny the fact that bitcoin has a potential to give a person a profit that they are looking for but of course it is based on how the person will work this out. Cryptocurrency or bitcoin was volatile also not so sure that a person can really earn a profit if he/she didn't know how to work it. |
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A smart trader with extensive experience will unequivocally tell you, that it is impossible always buy at the very bottom and sell at the very top of the market. It is impossible, even knowing technical analysis perfectly. It is much more important to take a small section of the distance and make money on this movement.
We may prefer this buying low price and selling at high price a simple technique or should I say a basic strategy to earn a profit from crypto or from trading but to be honest this simple thing that we ought to think is simple was not really used or being useful in real life. Like for example, buying bitcoin at the lowest price of $3,000 way back 2018 and selling bitcoin to $54,000 today isn't really possible. I mean it takes time to buy low and sell high. It cost you time and it really need to have a patience to be able to do these action. |
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We are still on the way to 6 digits as far as I'm concern, yeah, there are a lot of negative news lately, enough to bring the price to < $50k, but since then we have bounce back beautifully. And we are about to start a new month, so meaning there is a possibility that a new all time high can be reach again.
Bitcoin was still and stay strong to a $50000 market exchange rate, a strong resistance did happened after the last dip of bitcoin exchange rate of $49000 from $66000. A huge difference right but then look how amazing it is to be able to make it up to >$50000 at this time though it is unevitable that the price correction may and always takes place. By the end of this year I was expecting a bitcoin exchange rate as higher as $60000. Maybe a $100000 exchange rate was set too high enough but the good thing was it is not impossible right. |
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In fact poverty forces you to work at a young age the rich father told the story of how the poor father became rich by working hard as a teenager. If you have a good work experience many people make money as teenagers but in order to become suitable for gambling you have to learn the gambling sites well adolescents who are older have more knowledge about the market. Playing at the right age makes both investing and gambling profitable As a teenager you can start with a very small scale business idea and later turn it into a full fledged big business.
I'd still prefer to the age bracket where a person can fully understand the responsibility of gambling. Yes playing gambling has a responsibility, a responsibility for yourself to have a limitation of what and how much you can only afford to lose and to spend. Here in our country I can personally witnessed gamblers who gamble in their young age. I just felt that these young people shouldn't be involved seriously in gambling, but what else can we do to prevent them from gambling when they have already been involved for a long time. |
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Just do these 4 steps:
- Be patient for it go down.
- When its down, buy it.
- If you feel that you are comfortable enough with your profits then sell it.
- Rinse and Repeat.
Based on my own experience on trading or even in investing in cryptocurrency patience was really important. The cryptomarket was so volatile and you can't predict when does the market bull run ends or when does the market starts to bear. But In my case I haven't sold my all btc because of bear market but I'd still have lost my btc way back year 2018 because of the sudden dropped of btc price way back then and I forgot to place my 50% of coin into exchange ending I lost it. |
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Do market manipulation exist? If your answer is yes, then who is the person manipulating the market. Am not in any way against his/her quest for trading ideas from the forum here but he/she just need to be careful of what he is looking for since no one here has a definite knowledge about the next direction of the market.
I don't believe that there might be someone who was in control or manipulation on the market especially bitcoin. The dips are only a price correction and this might because of the demand or suppky of the token and as we can see the strong resistance of bitcoins price today.
Many who must have lost in the process always say the market was manipulated against there position, if not so why are you looking for when it will happen again. Just take your time to learn how to trade and make profit, than be looking for who will tell you when the market will go higher in your favor.
First and foremost we have already knew that the crypto market was volatile and unpredictable, lossing in trading was inevitable and we shouldn't have to think that those losses we have been are becauss there might be someone who manipulated it. Learning trading takes time, and also cost you time and effort before you can learned i wholely. |
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It depends on your patience, are you still able or not to wait for the pump?
I assume that if BNB will continue to go up to make its new ATH and it will be more than $ 500, I am sure that BNB will break through $ 2000 before the end of the year. because BNB has a burn coin feature that will make BNB supply limited when it is stable or even rising, burn coin has the potential to push the price of BNB to keep going up.
In my own opinion it is worth it to hold Binance and have a patience yo wait for another ATH because I assume that it will continue to pump its market price and now it was more than $500, well it is $597 to be exact. For so many altcoins presented today, to be honest there are a lot of good altcoins and are worth it to invest too but having Binance is somewhat like having Ethereum. Well of course Binance was next on the line to Ethereum when it comes to altcoins hierarchy of most valuable altcoins right. |
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Ethereum having a strong bullish momentum was becasue of it adoption with some giant techs as method of payment and also, their last fork that they promised which was meant to reduce it transaction fees. Among the altcoins it was only ethereum i could see making some good move even when Bitcoin went down recently, also, $UNI did some pump too but almost very few did the pump IMO.
I believe yes even without Bitcoin bullish, Ethereum will definitely have strong momentum because of the increase adoption of investors and traders to Ethereum. But as of the moment, can't deny the fact that the crypto market went to the moon because of the presence of bitcoin. I guess a cryptocurrency can only be known when we were going to use the name of bitcoin this is where people can distinguish what cryptocurrency is. And also, the mass adoption of bitcoin gives a good feedback too to altcoins and that is what we saw in the market today. |
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The market has recovered smartly. I think it is the usual behave of market. Market os tough place where anything can happen so that nothing to worry about when we see a deep downtrend. I think it is the fact that we love btc which helps us to get a good return. I always analysis the market when i see any deep down fall and put my money in. That's how i always get a good return on bull market.
It simply shows us or reminding us how volatile the cryptocurrency was right. And yeah the market has recovered fast and smartly but this is not mean that the dips, the price correction wouldn't happen again. For me I can't find any other reason for a sudden crash of bitcoin price other than a price correction. In fact it is always happening and we might wait till the next pruce correction will going to happen again. Or I guess I maybe so early to assune that we are entering a bear market right. |
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