Total Marketcap is rising, start of bullish market?

[mely07]

I can see now that total marketcap started to go up since lastweek, maybe an indication of bullish market for crypto,.
we really just have to hold and believe, Patience is the key of success.   those who are still holding even 70% loss is the true warrior in market., you cant win unless we fight,,

[poly07]

yes i see it also. anything is possible in crypto world.
altcoins also started to make a move since last week. hope my loss will recover soon. goodluck to all of us

[BitcoinNewbie15]

The market has already declined significantly since the Dec ATH, so possibly it already hit the bottom and we are in for a bull market. I do hope the increasing Market cap is a sign of this, but this could simply be a bull trap and the downtrend could continue... But shouldn't this be in Speculation?

[eddie13]

That was just a beartrap..
Off to $100k

[loicuagio1979]

It's time for bull market. All of the bad news have been reflected in prices. So, it's not wise to sell from now on. We should keep holding and buy as much as we can
I suggest some blue-chips for reference: BTC, EOS, LTC, NEO, WAVES,

[DyllanGM]

I can see now that total marketcap started to go up since lastweek, maybe an indication of bullish market for crypto,.
we really just have to hold and believe, Patience is the key of success.   those who are still holding even 70% loss is the true warrior in market., you cant win unless we fight,,

Well as the prices start rising, the more people hold their coins in the hope that they will at least recover what they have invested in the first place. The higher the price, the greedier the holder, so there's really no need telling to hold.

[pooya87]

I can see now that total marketcap started to go up since lastweek, maybe an indication of bullish market for crypto,.

rise of the total market cap does not necessarily mean price rises let alone a bull market!
what you are seeing is mainly the bitcoin rise effect which has first incresed the total market cap when bitcoin price went up then as the price became pretty stable altcoins began to rise and with that market cap went up. none of this  means a bull market.

we really just have to hold and believe, Patience is the key of success.   those who are still holding even 70% loss is the true warrior in market., you cant win unless we fight,,

whoever held altcoins while losing 70% has no idea what he is doing. i wouldn't use the word "warrior" i would use "idiot" instead.

[Spaffin]

I can see now that total marketcap started to go up since lastweek, maybe an indication of bullish market for crypto,.
we really just have to hold and believe, Patience is the key of success.   those who are still holding even 70% loss is the true warrior in market., you cant win unless we fight,,

In recent days, bitcoin is steadily rising in price and now, for the first time since its fall, today, according to CoinMarketCap, it has reached a rate of 8 343 dollars. This is pretty good for a start. I very much want to hope that this is the beginning of his solid growth. It is desirable that this growth was more smooth, however long. That altkoyiny also could develop and grow in the price.

[Hwijaya29]

Yes. this period is when market will bullish. Refer to last year, it have some graph. Down in Q1 and start to bullish on the second quarter. Can not wait to see that haha.

[Burogh]

It is true, market cap on cryptomarket rising from around 250billions dollars and market cap right now around 350billion dollars. I think cryptomarket already recovery and start to bullish again. But as we can see, bitcoin dominant drop from 45% last week become around 38% and i think its altcoin season

[d_fitrie]

very good if crypto market there has been a significant increase, that's what we expect so far after previously almost disappointed because cypto down dramatically but now the opposite of that, increased drastically

[Pursuer]

It is true, market cap on cryptomarket rising from around 250billions dollars and market cap right now around 350billion dollars. I think cryptomarket already recovery and start to bullish again. But as we can see, bitcoin dominant drop from 45% last week become around 38% and i think its altcoin season

it is too soon to have an altcoin season.
what we currently have is a stable bitcoin market where traders migrate temporarily to altcoins to pump and dump them and make money while bitcoin stands still. these pumps will obviously increase the total market cap.
an altcoin season is usually during summer and it is a market wide altcoin pump which is actually rare.

[starblocks]

Nice moderate increase in trading volume for the top altcoins

If Bitcoin manages to break the $8,500 mark there should be more positive upward movement but if it sinks below $7,800 we could be headed back to where we started before this minor pump

[googs84]

I can see now that total marketcap started to go up since lastweek, maybe an indication of bullish market for crypto,.
we really just have to hold and believe, Patience is the key of success.  those who are still holding even 70% loss is the true warrior in market., you cant win unless we fight,,

I think we are already down the trend line and if we consider the ATH rates then this market cap is really nothing in front of that. If we need to see actual market recovery then let it be there in the prices each coin visible clearly to us. The market cap is just how much being bought and sold maths and its not really indicative of the whole scenario with 100% assurance. Regarding other facts like patience is the key and all, yes off course we do need that and before entering this market this should be the tag line at the door step if there was a door anywhere.  

`snip`

whoever held altcoins while losing 70% has no idea what he is doing. i wouldn't use the word "warrior" i would use "idiot" instead.

Lolz

[followmenot]

I can see now that total marketcap started to go up since lastweek, maybe an indication of bullish market for crypto,.

rise of the total market cap does not necessarily mean price rises let alone a bull market!
what you are seeing is mainly the bitcoin rise effect which has first incresed the total market cap when bitcoin price went up then as the price became pretty stable altcoins began to rise and with that market cap went up. none of this  means a bull market.

we really just have to hold and believe, Patience is the key of success.   those who are still holding even 70% loss is the true warrior in market., you cant win unless we fight,,

whoever held altcoins while losing 70% has no idea what he is doing. i wouldn't use the word "warrior" i would use "idiot" instead.

Sad to say I completely agree with your sentences but I am one of those idiots. I believed markets reached specific point that may keep pushing it even further without correction. But I was hit hard with reality.
It is too early to tell it a bull market.

[hugeblack]

There is no real news to support this rise and there is no significant rise.
All that happens is a correction followed by optimism in the performance of the market led to a rise in the price of Bitcoin and a large speculation in the price of altcoins.
As soon as the market miss this optimism you will notice a stabilization in the price of the bitcoin and a rebound in the price of altcoins.

[Denker]

I can see now that total marketcap started to go up since lastweek, maybe an indication of bullish market for crypto,.
we really just have to hold and believe, Patience is the key of success.  those who are still holding even 70% loss is the true warrior in market., you cant win unless we fight,,

Just because the market cap went up $50billion the last 7 days doesn't mean we have seen or will see a trend reversal. Market is still bearish!!
And as long we are not back above 12k-14k I see no reason to get excited. Sorry to be the party pooper, but that's how I see things when I look at the chart.
In terms of your holding statement I would like to make a slightly differentiation here.
Holding Bitcoin through those times is ok. Everyone a few years in the crypto space knows why holding Bitcoin for a long term makes sense. However holding altcoins is just crazy and irresponsible. They are good for trading and to make more BTC, but that's it. Every crypto og trader will admit when he is honest to you.
So holding one thing is not the same as holding other things!

[Markyway88]

Bitcoin back in its normal price just right now. Almost all cryptocurrencies are pumping simultaneously with the price of bitcoin. It seems like the bull run is starting to kick! Hopefully, it will continue even at the end of this month. We must celebrate! A lot of green leaves in the coinmarketcap!

[batang_bitcoin]

That was just a beartrap..
Off to $100k

Great beartrap, it's path is opposite to what it used to be. See you at $100k.

If Bitcoin manages to break the $8,500 mark there should be more positive upward movement but if it sinks below $7,800 we could be headed back to where we started before this minor pump

Let's give few more hours or within a day. Current sitting at $8,300 so close to $8,500. It's now a safe haven that bitcoin sits at $8,000 now.

you cant win unless we fight,,

You can win actually without fighting, just watch the recovery.

[buwaytress]

Right. 70% losses and holding is a true warrior? What's that make those in profit, cowards? Not that I'm dissing holders, far from. But if you're in at 70% losses, then you bought at or near the ATH. Most likely makes you a speculator rather than a holder, jumping in for fear of missing out instead of getting in earlier or waiting for the dust to settle (and I doubt it's really settled yet).

Of course I'm happy. But I won't be surprised if we get another downturn, or several more. Was fully prepared to face an entire year of sluggishness - while market cap keeps upping thanks to supply rather than price.