CryptoStagnation

[JTPhotography]

Why do I feel like things just aren’t right? So much growth then things just hit a wall. Are there large forces at play (whales) slowing things down?

[btcton]

Relatively speaking, I disagree. If you are new to Bitcoin, you might be thinking that the growth of Bitcoin in both price and popularity these past few months is more of a regular thing than it is. I have been in the Bitcoin scene for quite long and admittedly, the jump this past year took me completely by surprise. You should not be expecting random growth such as this to be happening in such drastic magnitudes. The all-time high of Bitcoin price was at its peak about a month ago. Compare it to other assets such as stocks and you will see that one month is a very short time. In that same period of time, many stocks have shrunk rather than grown and others have simply stagnated. You should be looking to the long term instead, where growth is basically guaranteed for the crypto space in general-- it will start becoming more obvious as time passes that cryptocurrencies are getting closer to becoming a replacement for fiat currencies due to speed and convenience.

[HeRetiK]

Why do I feel like things just aren’t right? So much growth then things just hit a wall. Are there large forces at play (whales) slowing things down?

Seriously? The market grows astronomically for more than a year and it's accepted as normal. The market stops growing -- it's not even dropping at that point -- and all of a sudden things smell fishy? O.o

Markets are cyclical, they don't just grow indefinitely without setbacks. Booms and busts. It's how markets behave.

[The Sceptical Chymist]

This is nothing.  Were you here in 2016 (or was it 2017?) when we were stuck in the $420-470 range for months?  That was stagnation, and it's happening again--but we're WAY higher than $420 and I'm happy.  There's no reason bitcoin should have any value. 

That's the crazy thing about crypto, and it's what the die-hards don't see:  If demand drops for any reason whatsoever, bitcoin could drop to nothing.  It doesn't have any intrinsic value whatsoever and is completely dependent on people's perception of it.  The fact that it's grown so much in such a short period of time astounds me.

[vinc3]

Why do I feel like things just aren’t right? So much growth then things just hit a wall. Are there large forces at play (whales) slowing things down?

I feel like it is just normal to have corrections at some point for if it does not have any that for me means a disaster in the future. We enthusiast should know the fact that this price is even better from the beginning of January 2017 where 1 bitcoin is around 1000 dollar a piece, and with this we should be thankful. Another point is stagnation filters investors and players, short patience clients will drop their coins leaving the market more stable and making the fluctuations lesser compared when they are around. 

[Anti-Cen]

Why do I feel like things just aren’t right? So much growth then things just hit a wall. Are there large forces at play (whales) slowing things down?

You mean pump and dump like we get from whales or fees making us all look stupid.

The real danger is a "lock-in" if too many of us head for the doors at the same time because
it's single file only (7 TPS) and the place is packed so unless your going to tip the mafia bounces (Miners)
like $500 to get out early then in plain english, your stuffed and will burn to death in the fire.

[player514]

Why do I feel like things just aren’t right? So much growth then things just hit a wall. Are there large forces at play (whales) slowing things down?

You feel like this because you're new to Bitcoin. Boy, if you were here way back before the first huge blow up, you would've seen true stagnation. We were stuck under 500 bucks per coin for a long long while. Sure, it's possible that whales are behind this, but this is just the nature of Bitcoin. It hits a wall and halts for a little bit, corrects itself, and then goes up again. Your best bet right now is to buy while low so that you can enjoy the path up. Altcoins seem to be doing pretty well too. It's possible that they're halting the BTC growth cycle.

[ismart1]

I consider myself very new to crypto but I entered it studying a lot of things about it that older people than me didn´t figure yet, and still I know almost nothing, so much more to learn, but one thing I learned is that the market will always make its corrections and it´s pretty normal, also the fact that new, regulations and all l=kinds of things will have an impact in a market so volatile, not only a handful of whales, especially when you consider more than 300 coins going down or going up strong in value. Of course, they are kind of related but even when the market is bullish or bearish there is always a handful of coins going the other direction. So, the fact that the market and bitcoin are less bullish does not mean that will mean the end of the market.

[Nerman]

Are you kidding, if you know the price of bitcoin on january 2017 you will know that the growth was really huge. Back on mid 2017 no one expected that we will even reach $10k. Now that the price is steady you think that it hit the wall. If you have studied the price action of bitcoin or any type of cfd in the market thete will always be an accumulation phase which is necessary for the next price rise. If you are new to bitcoin just sit and relax panicking and assuming will just make you lose money.

[jseverson]

Why do I feel like things just aren’t right? So much growth then things just hit a wall. Are there large forces at play (whales) slowing things down?

I don't think there's anything strange happening, and neither do I think that there are manipulatory forces at play.

The market exploded towards the end of 2017, and that growth exploded even further once media outlets started talking about it. Transaction confirmations then grinded to a crawl with transaction fees skyrocketing. The growth stopped, and people stopped talking about it. Bitcoin is still in a very good place value-wise considering how just a few months ago, people were wondering if it was possible for Bitcoin to reach $10k by the year's end, and that prediction was completely shattered. It's in a far better place than it could be in my opinion.

Either way, maybe this is a good thing. The network can't handle the demand as it is, and things may need to settle down at least until the Lightning Network is ready.

[A.Delaney]

Why do I feel like things just aren’t right? So much growth then things just hit a wall. Are there large forces at play (whales) slowing things down?

When did you get into BTC?

[franky1]

stagnation, is no movement at all..

but bitcoin still has waves every day, its just not a constant repeated tsunami
chill out enjoy the small waves, stop screaming and hoping for tsunamis

[Sarastiche]

Nothing like stagnation in the crypto space,if you understand the market movement rate over the years,there is always fluctuation between December and January,reason being the holiday/festive season,most investors take profit,sure there will be stabilization in the space soon

[cryptostocksin]

look at the market cap chart on coinmarketcap

there was a dip and sideways movement for 11 days then all time highs, this current correction is only like 9 days in.  I made a youtube video where I talk about the chart:
https://www.youtube.com/watch?v=Ta7tmHpcCJA

I actually just made another video where I talk about this more that I am going to publish on my channel in like 6-7 hours or so.

Does this make sense?

Hopefully you are in good cryptos that are long holds.  I do not like losing profits but I think this is a healthy correction.  A bit too much euphoria.

@cryptostocksin
https://www.youtube.com/channel/UCu3BEjKrtJMXKq9uKgUo4MQ

[DesmondHayes]

This particular time can be called correction time because every coin right now is stabilizing its price. There were enormous fluctuations last year and some coins even achieved unimaginable prices. Now is the good time to invest in some desired coin. Bitcoin has risen a lot over the last year and this stagnation is very good for the buyers if they wanna get into the game. Correction needs to be done a couple of times for the coins to get to their full potential afterward.

[kissme09]

Why do I feel like things just aren’t right? So much growth then things just hit a wall. Are there large forces at play (whales) slowing things down?

Whales are the ones who are capable of changing the whole market, thinking that the whale market is always under control. We can not influence the market because the altcoin we own is too little.