[2017-07-12] After Black Tuesday, Bitcoin Price, Altcoins Showing Signs Of Recov

[peter0425]

After Black Tuesday, Bitcoin Price, Altcoins Showing Signs Of Recovery

t was a very negative beginning of the week for cryptocurrency holders as the entire market experienced a significant decline in price.

August 1 is near

Market analysts have come up with different factors to be behind this significant decline in Bitcoin and altcoin price. Ironically, this comes immediately after the G20 summit in Hamburg where reference was made to digital currency as an important technology in the global economic transition.

Also of note is that the community is nearing an important date of August 1 when Bitcoin is expected to make its most crucial decision since creation. Certain groups have also attributed this decline in price to technical factors lifted from the study of price charts, making predictions based on historical market behavior.

Whatever the reason, the fact remains that the crypto market keeps getting more traction as the days go by. The numerous activities taking place within the industry since the beginning of 2017 must be considered if the prevalent market volatility is to be analyzed properly.

https://cointelegraph.com/news/after-black-tuesday-bitcoin-price-altcoins-showing-signs-of-recovery

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[richardsNY]

Black Tuesday? Hmm. It's just another article greatly exaggerating a common (yes, in current market it's common) market movement. Every time such a drop happens, the community and news sites act like it happened for the first time, while we have had several of these price swings in recent times already. It's Bitcoin that we are talking about after all.... The market bounces up and down repetitively within a certain range, which shouldn't be that difficult to spot, right? It offers traders a great way of generating a fair bit of profit, in a relatively short time. Stop sleeping people....

[Baofeng]

Maybe they want to exaggerate everything that crypto related specially all about bitcoin. The signs of recovery is nothing new to us, but for those who are thinking of investing, then this article would shift some of them into a positive mode. We may never no, maybe this news will encourage them in a way to invest. I just hope so.

[Zicadis]

We have seen it all and should not come as a surprise at this stage but just like a trade cycle with its 4 stages :  Recovery, Boom, Recession, and Depression. Cryptocurrencies seem to follow the same traits and the previous fall in prices we experienced might have been caused by people cashing out their cryptocurrencies ahead of August 1 which caused the Depression of the crypto market and now the market is healing(Recovery) and we should expect a bull run next(Boom).

[darkangel11]

Black Tuesday? Hmm. It's just another article greatly exaggerating a common (yes, in current market it's common) market movement.

Haha, that's it. We had a drop on Monday as well, actually it all started to go down on monday and continued through Tuesday. So, black Monday and Tuesday, and since we recovered on Tuesday, it's not completely black. So, I propose Black Monday, White Tuesday, and possibly Green Wednesday.

[iamTom123]

After that Black Tuesday, we can expect soon other black days such as Black Monday, Black Wednesday...so on and so forth. Anyway, the market for cryptocurrency (Bitcoin and altcoins) have been behaving this way since the start of the year so this is not really not so surprising at all. We should also brace for more of such days as we go along.

We have to understand that the cryptocurrency market is still considered to be relatively young. In fact, the market can behave in a very unpredictable way even more unpredictable than forex and stock markets. Volatility is always present here...sometimes unseen in the other markets (except in some historic events).

Black Tuesday will already be a part of the Bitcoin history and new a new reference of an event  has just been made.

[Taki]

Stop to make panic around the 1st of August. The fall in the price has nothing with G20, because of the price for Bitcoin is not a political event. Only owners of bitcoin make it's price and it's normally that many holders are under the pressure of all this talk about 1at of August, people just don't know what to expect, and actually nobody knows.

[WindingTree]

The crypto market is volatile by nature, at least for the foreseeable future. I find it funny that there's a news article about price volatility every other day!

[RodeoX]

I hate the word "recovery" in markets. It gives the false impression that the price is somehow too low. The price is what it is. It may not be as high as you would like, but there you have it.