Is the market going for a crash?

[clardalan]

Do you guys see the big drop in volumes and bid books? There is no action anywhere. everyone is waiting.
One big seller can create big domino sell-off.

What are your thoughts?

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[1714959826]

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[Flyhigh710]

I don't think so, volume is going back to BTC right now and there is also a beautiful inverted head-shoulder-formation (good sign) in the month chart. There are also serveral altcoins with big news/releases the next few days and weeks (GAME, WAVES, ARDR and many moore) so I'm bullish for the next weeks until the summerdrought will come. Indeed there is also risk for a bitcoin fork in august if the community/miners/developers cannot compose their dispute about segwit but i don't think that this happens...

[garfunkel11]

What news about Ardor ?

[clardalan]

I expect a dump in a few hours, then i will buy in.

for long term, i agree. see my comment from another post a few minutes ago:

I agree with some bubble arguments.
However, to see where this is coming from, just check the biggest social investment platform. (https://www.etoro.com/markets/btc/)

See the 1.4m people!! on BTC (half investing)
and ~ 250k people!! on Ethereum (80% investing)

those are the people creating the bubble.

Meaning: Crypto is going mainstream and that attracts more people.
Even if 1 hedge fund or investment fund decides to put 0.5% of their holdings in BTC, the price would more than double in 1 day.

so, you tell me. Are we in a bubble? or is the price gonna double tomorrow?

I do not know.

[Flyhigh710]

What news about Ardor ?

Mainnet release (sidechains, no scalability problems) in the third quarter...

[Alttrader203]

Well,eth can be dumped. Still fcuked up with the wallets and transfers.

Btc, maybe short term. But i stay blieber

[findingthemoon]

I think the market has just been slow since the ethereum network issues during status ICO. A crash is possible but I think its unlikely, people are just waiting for the dust to settle before resuming their normal trading patterns.

[Flyhigh710]

so, you tell me. Are we in a bubble? or is the price gonna double tomorrow?

I do not know.

Nobody can tell you that But I can tell you if the price doubles tomorrow it will halve after tomorrow (or better said a correction will come). In my opinion btc/crypto is not in a bubble but in a boom so if you think longterm and you don't invest in a shitcoin (so do fundamental analysis) you can only win...

[Images21]

We'd been in this situation many many times already. The weak hands will sold at a loss while the experienced traders and whales will catch the btfd. Trade without emotions guys.

[PopuliCapital]

Do you guys see the big drop in volumes and bid books? There is no action anywhere. everyone is waiting.
One big seller can create big domino sell-off.

What are your thoughts?

I researched yesterday that ETH/USD is closely resembling the bubble chart by Jean-Paul Rodrigue (Hofstra University) which might indicate an ETH crash is underway?
http://populicapital.com/website-launch-and-ethereum-correction/

If so, that could domino onto some other coins based on the Ethereum blockchain.

[clardalan]

somehow, the crash is not coming fast.
last 20 mins we have some movement.
not sure if this is going strong down. what do you think?

[Red-Apple]

the market has already ran out of steam. the money has been exiting for a while, that is why you see the drop in the overall volume and also the fact that there is no longer any action going on.
of course there will always be some leftovers, people holding bags and the small pump groups will always be pumping something! they won't stand still.

somehow, the crash is not coming fast.
last 20 mins we have some movement.
not sure if this is going strong down. what do you think?

there has been a couple of sharp drops in a couple of overly pumped altcoins but like always the big ones are slower at reacting to a dump.

[Febo]

Do you guys see the big drop in volumes and bid books? There is no action anywhere. everyone is waiting.
One big seller can create big domino sell-off.

What are your thoughts?

What I noticed is that Exchanges volumes become quiet similar in past was always one or two exchanges far ahead taking all volume. Now we have Poloniex in leas with $270m daily volume and 9th by volume is BTC38 with only 3 times less.

[vsyc]

For a 3 months I observer weekly topics about market crash/dump and etc. and army of Oracles that know what others do or do not with their investments. Also, they even know what whales do! 

Nothing changed since times when humans were hiding in caves and praying for rain!

[Shiroslullaby]

The entire crypto market is a giant bubble.
It may take months or years but the whole thing will crash like a house of cards.
There will be twenty or fifty useful coins/companies that make it. The rest will disappear.

The trick is to figure out which coins will be around after the rest die out.

[clardalan]

yeah it is crashing, but not very big crash yet. just like 10%

[Functional]

a beautiful inverted head-shoulder-formation

technical analysis, might as well consult the stars.

[clardalan]

a beautiful inverted head-shoulder-formation

technical analysis, might as well consult the stars.

the stars say *buy*

[IThoughtIKnewItAll]

Never pass on a good crash, its an opportunity

[clardalan]

Never pass on a good crash, its an opportunity

i started buying. not expecting bigger drop. you never know of course

for the record, buying at $

btc-2540
eth-302
ltc - 43