What is going on in the market?

[CryptoIyke]

A lot of drama already, I think all these experiences are good as it makes part of learning and experience, sooner or later we will understand what works and what does not. A lot of wrong choices and decisions have been made but they are all lessons learnt.

[1715034843]

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[1715034843]

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[rhenrhen]

The current state of the market now is just part of what is the reality in cryptoworld and even in the stock market. Sooner or later, everything will turn out fine as by now, little by little, the prices are pumping.

[Johnzky]

I guess for me what’s happening is the investors are playing safe as market falls from a huge loss in 2017 last quarter,and even how many news good or bad wont affect the value instead continuously maintaining their position,so what we do is bare with this market and never let fall from many hearsay’s

[AdamRay]

Crypto market is increasingly being reported by many journalists as an unsafe and potentially unsafe market. That really is a sad thing. But I ignore everything, I will continue to hold on to my BTC until it raises back to $ 10k.

[Yusuf77]

Crypto market is increasingly being reported by many journalists as an unsafe and potentially unsafe market. That really is a sad thing. But I ignore everything, I will continue to hold on to my BTC until it raises back to $ 10k.

yes that is what makes crypto sad and why so many people drop crypto in this way. whereas crypto is very beneficial for one's life. at this time when the market conditions are unstable holding is a very wise choice because with us constantly memegnag then profits will come to us when the market is back to normal.

[Rahar02]

Lots of things going on in the crypto-market, 24 hours and 7 days. But in terms of the bitcoin market, currently the price is in normal range, fluctuate within $6,800 to $6,500 since September 22. Many people have been saying that BTC could soon witness a bullish or bearish breakout $8K which the last time in July as it has never reached that price since then. For a breakout, bitcoin's price needs to break the wall of $7K which seems can't be achieved without any big news to encourage people to switch their investment back to bitcoin. According to some trading sites, bitcoin will reach $7K in November and reach $10K by the end of the year, probably driven by SEC decision again.

[Slow death]

I don't know the reason for this stagnation more accurately. No move.

The price is moving, it just is not moving much, but this is something good, of course for people who want very high profits, this is not good. But the price is moving

and we need urgent action.

And what can we do?

share with a good news. we need to hear good things.

People already do this, that's not the way things will work out, we need adoption

A lot of drama already...

I agree

I will continue to hold on to my BTC until it raises back to $ 10k.

this is the problem

[naidray]

I think what happened at the exchange place right now seems like the cryptocurrency price is not stable and there is a lot of bad news circulating that makes many traders panic and eventually makes the price fall.

Particularly in countries like China where the exchanges are in hot water. It was heard that in China, some crypto exchanges were banned in the market due to the weakening financial condition of the country. This had weakened the economy of the cryptocurrency.

The market was also weak from the fall after the boom and the rest of the factors like the government intervention and imposing regulations contributed greatly as well. So the current situation is worst.

The market would have gone down normally based on the way people got greedy and even though a lot of bad news has really popped out from China in the past, this does not mean they will keep having a huge hold on crypto and eventually with their shenanigans, they just get left out at the end.

Nothing is going on in the market than the fact that we are in a downtrend and there is nothing wrong with it, it is normal, it has happened before and believe me, it will happen again. The only thing is that rather than seeing a downtrend as a problem which a lot of people always tend to see it as, it is a whole lot better to be seeing it as a great opportunity and it would take a smart person who is focused on the future to simply knows that.

[udidrone]

Crypto market is increasingly being reported by many journalists as an unsafe and potentially unsafe market. That really is a sad thing. But I ignore everything, I will continue to hold on to my BTC until it raises back to $ 10k.

I think everyone do same thing with you, because a lot of people hold their coins and sell when it is on high price and they not really care about news that always come to bitcoin. For now, what "they" look for with their news is people who panic.

[otundebis]

The cryptocurrency market this year have been difficult in terms of stability and continuous price decline.  Many speculators have had to eat their words as market have defile permutations and logic.  We can only hope for stability and certainty that could lead to bullish market in the future.

[tegacoll86]

I can't understand what's on the market. I don't know the reason for this stagnation more accurately. No move. and we need urgent action. We're hurting. share with a good news. we need to hear good things.

i think currently entering consolidation area, where prices only move in place. however, if time of consolidation is up, there will be a large movement, hopefully movement will be upwards

The price of bitcoin are from last 1 to 2 months in between the range of $6000-$7000. Many people don’t like this small movements but I think in the long run it will be good for the bitcoin itself.

[setupbounds]

I can't understand what's on the market. I don't know the reason for this stagnation more accurately. No move. and we need urgent action. We're hurting. share with a good news. we need to hear good things.

i think currently entering consolidation area, where prices only move in place. however, if time of consolidation is up, there will be a large movement, hopefully movement will be upwards

Yeah, for a while now a whole lot of the markets have been consolidating and same goes for btc as well which is moving sideways inside the descending triangle with traders waiting to see which direction would be the next. It is hard to tell for now how things would be though, so we just have to wait and see how things would turn out.

But for those who are smart however, they simply just know this is just a market giving them the chance to start buying lower rather than worrying about something they should not be bothered about. People just generally tend to look for drama where there is no one.

[naruto7676]

The market has dont need some explanation to loss for your funds for already invested Because so many markets is online and working The coins in the main problem why the market is bloody day.

[Premooooo]

The price of markets is also dropping its price now and other coins is already affected for this and waiting for a long term trading to recover your funds.

[Commotheon]

I can't understand what's on the market. I don't know the reason for this stagnation more accurately. No move. and we need urgent action. We're hurting. share with a good news. we need to hear good things.

i think currently entering consolidation area, where prices only move in place. however, if time of consolidation is up, there will be a large movement, hopefully movement will be upwards

I think the bitcoin price will start to rise high end near future. Though crypto currency whales are accumulating coins and all coins for a major movement ahead let’s hope for a good future of bitcoin.

[manggis97]

In fundamental analysis,  in this year the price of all crypto going down because so many bad news,  FUD and issue of hack. In technical analysis the price crypto bearish because the price on the top already or in the resistance level so so many trader sell for take profit. But this bearish will be ended soon,  because alot of good news will coming.

[sedahan13]

Current situation, all crypto has been dumped hard 70% to 95%, and all this crypto in the support area and oversold. So its times to buy it and hold in medium term until the price going to the top price again. Dont make the same mistake and avoid FOMO and greedy.

[AlNu]

I can't understand what's on the market. I don't know the reason for this stagnation more accurately. No move. and we need urgent action. We're hurting. share with a good news. we need to hear good things.

i think currently entering consolidation area, where prices only move in place. however, if time of consolidation is up, there will be a large movement, hopefully movement will be upwards

At the beginning of the year, everyone said that Bitcoin was a highly volatile currency and the main reason for the rejection of the SEC was that the price of Bitcoin was subject to sharp movements and manipulations. But now we see that the price has been in place for almost 6 months already, I'm sure someone needs to keep Bitcoin in a narrow corridor!

[GREATLOVE]

Hello everyone - I don't usually put up posts, but I was curious on what everyone is seeing for this recent market upswing.

This is the second time in the last 4 months we've gone from 250bn market cap to over 400bn. Very much a yo-yo effect.

We've seen the market press hype cool down - so what is causing the market to go back up? If you could all please post some real world news that would be much appreciated. Doesn't have to be news from a news source - could be numbers from block explorers, investment news, just something that can be tied down to a FIAT value being put into crypto.

For me (a little bit of a conspiracy theorist)

USD Tether gains FIAT value in Q3 to Q4 of 2017 -> Moves FIAT value to Noble Bank -> "Legitimizes" USD Tether

BitConnect crisis occurs -> Loss of investor confidence -> Lack of market liquidity -> Correction

SEC opens with somewhat positive remarks to crypto as a whole -> Focus specifically on ICO scams

Discovery of Mt. Gox trustee -> Rumors spread -> Investor confidence drops further causing further slide

USD Tether media cools off -> USD Tether prints off more tokens beginning of April -> Stabilizes investor confidence

Stable coins begin emerging post USD Tether -> Markets keep resurfacing throughout April

May 7th SEC supposed to rule on Ethereum and XRP on whether they are securities (https://www.ethnews.com/sec-cftc-to-discuss-possible-securities-classification-of-ether-other-cryptocurrencies) -> Market effect ??

ICO fraud rumors (https://medium.com/@douglaslyons/ldj-capital-all-that-glitters-is-not-gold-ccbfc21ffd71) -> Market effect ??



I can provide links for any of those events - I just didn't want to spam links. It would be interesting to see if anyone can find info of "new" FIAT money going into Crypto which would give evidence of a bull market - especially if it is found from institutional sources. The opposite as well - if anyone has insights into how this could be a bull trap, that would be awesome to read.

As I said, goal is to pool together everyone's reading material for better clarity on current market events.

Please post your mother will die.

The market is going down but i do believe that market will increase soon . all we need is too wait for the price increase.

[francedeni]

Current situation, all crypto has been dumped hard 70% to 95%, and all this crypto in the support area and oversold. So its times to buy it and hold in medium term until the price going to the top price again. Dont make the same mistake and avoid FOMO and greedy.

The current status indeed was nothing’s new price has not surges from previous months. Good to have btc while price was low. Hold until we see a rising ahead on btc price.