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Author Topic: weak period for cryptocurrency, do you agree?  (Read 2712 times)
keskass (OP)
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June 10, 2018, 03:45:47 PM
 #1

I think this is the most sluggish period since I joined the crypto currency. what your opinion?
What caused it?
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jeni99
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June 10, 2018, 04:06:44 PM
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I agree with you the development of cryptocurrency in 2018 is very slow very different from the year 2017 where the development of cryptocurrency both in all fields very rapidly and significantly. whatever causes it to happen like this.
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June 10, 2018, 04:58:34 PM
 #3

Perhaps in 2017, most people who are interested in new Internet technologies have already entered into crypto. Now the influx of new people has decreased. In addition, the market does not show growth for six months. Crypto needs a new hype Smiley

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June 10, 2018, 05:28:57 PM
 #4

I think this is the most sluggish period since I joined the crypto currency. what your opinion?
What caused it?
this is the period of post-resurrection crypto decline some time ago, but this can not serve as the benchmark for the slowest decline. some time ago market crypto corrected very low so do not worry the market will return to normal.

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June 10, 2018, 05:35:11 PM
 #5

yes, yes, but you must not forget that december and january 2018 were extremely strong, everyone said in december 2018 will be the year for the cryptos, now it usually comes differently than expected, I think it will go a while sideways, I hope that we will not see an extreme drop anymore, otherwise many coins will disappear from the picture surface, nevertheless I think that it will take a while until crypto currencies properly implement

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Sahyadri
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June 10, 2018, 05:35:48 PM
 #6

I think this is the most sluggish period since I joined the crypto currency. what your opinion?
What caused it?
The crypto market has gone through worst in these 10 years. It has dumped to a level where everybody thought that the market is dead. So, this is not new and definitely not the worst. Bitcoin has been successfully maintaining its price above the lowest threshold for a long time now. It is hovering above $6800 for quite a time which means the market isn't dead but is deprived of new money. Volume is less which is stopping a trend reversal. But new money will definitely gonna enter the market in coming months.
ashaksagnis
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June 10, 2018, 05:47:34 PM
 #7

I can agree to you - this is a difficult period but that does not diminish my interest in the crypto . And i will continue to participate in projects/ico's .
this is a year of patience.

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June 10, 2018, 06:15:41 PM
 #8

I think this is the most sluggish period since I joined the crypto currency. what your opinion?
What caused it?

i agree with you,, and this is the normal situations,
just take a look in few years behind, the price of crypto is down, in Q1 and 2 and the price start rising in Q3 and Q4
so, we don't have to worry about this situations, because history repeat itself  Wink

Fray
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June 10, 2018, 06:17:58 PM
 #9

We didn't see a proper pump this year and market is continuously undergoing correction. This might seems like a weak period but I believe that market will overcome this soon and can go for a bullish ride.
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June 10, 2018, 06:30:07 PM
 #10

I think this is the most sluggish period since I joined the crypto currency. what your opinion?
What caused it?

I have seen the worst than this before market was looking very low from last couple of days and i was expecting something like this to happen but yeah 1000$ was not in my radar. Lets see if bitcoin can hold up to its support of 6600 and bounce back sharply.
There is not much in the market which is creating this dump i think its manupulation by whales to make the weak hands lose money and they can grab more cheap bitcoin.
Milamol
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June 10, 2018, 06:31:12 PM
 #11

In 2013 there was a big pump and dump of BTC. It took three years to retype the ATH. Of course, the situation here is different, but there is no guarantee that such a scenario will not happen again.
Oh, BTC today again approached the lower level of consolidation.

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June 10, 2018, 06:34:55 PM
 #12

Yes this is the weak period for cryptocurrency. Because the price of bitcoin is decreasing day by day. Because if it increase for two days automatically it decreases next day. From year starting itself crypto market is not stable. It faces so many dumps only instead of pumps. All are expecting the price will increase by the end of this year. But no one predict the market price may be it happens or not. Lets wait and see the market growth with patience.
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June 10, 2018, 06:37:06 PM
 #13

I think this is the most sluggish period since I joined the crypto currency. what your opinion?
What caused it?

When did you join cryptocurrencies? The last half year was indeed sluggish with more downsides than upsides. Even strong an disruptive projects continue to decrease in value which can really be disheartening.

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June 10, 2018, 06:46:21 PM
 #14

I will partially agree with you but still i see a bright future for cryptos, the slowness was just due to regulation fud, now that many big crypto projects are registering themselves all around the world and especially the SEC, we will soon see big volume coming back in the market.

btcblockchain
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June 10, 2018, 07:20:58 PM
 #15

i remember the days of 2013 after bitcoin touch all-time high price of 1200 dollars and again came back to 250 dollars in short time we are going to see the same bearish mode of pricing all together now just be patiance
oseikuf44
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June 10, 2018, 07:50:40 PM
 #16

Yes ,now is the most weak period of cryptocurrency because of the competition in the field of cryptocurrency. More coins are coming to the market each day and this has caused most coins to experience bearish trend.
Marahunter
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June 10, 2018, 08:21:51 PM
 #17

I think this is the most sluggish period since I joined the crypto currency. what your opinion?
What caused it?

THis market is crazy and complex. I think it is safest to just invest in a solid project like Elastos and continue your daily affairs. Most of these self-annointed OGs do not even know what they are doing. Like what happened recently, 40 bn wiped out in a day seriously?? that is manipulation!
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June 10, 2018, 09:49:15 PM
 #18

I think this is the most sluggish period since I joined the crypto currency. what your opinion?
What caused it?
Now is better than period when bitcoin is 6500, but i don't worry at all. After all bitcoin below 7000 is really good point to buy btc. Blockchain is a trend, many enterprises get interested in this technology. I think, we will have wave soon!

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June 10, 2018, 10:10:30 PM
 #19

I think this is the most sluggish period since I joined the crypto currency. what your opinion?
What caused it?
We are in a bear market again and almost all coins drops so hard today. There might be a price manipulation since January 2018 and this is why the market drops so hard. In this kind of market patience is very important, I hope that bitcoin will not go down deeper to $5k level again.
astrid.uchiha24
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June 10, 2018, 11:20:56 PM
 #20

I think this is the most sluggish period since I joined the crypto currency. what your opinion?
What caused it?
Yes possibly be this could be the most sluggish one and thanks to the uncertainty of some government against cryptomarket plus other issues such as manipulation on prices and hacking incidents, it seems that there should be a clear regulation and laws that must exist before this market becomes healthy again.

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