The money started coming back to the cryptocurrency market

[freaker]

The total cryptocurrency market was $238 Billion a few hours ago and yet the market is almost $260 Billion.

This was a magnet used by Bulls to attract newbies so that they can buy due to FOMO but the market volume is still very low as compared to 30 days ago and to recover to that condition it will take some time. Market is very unstable and we can't afford another push-back for Bitcoin as it is already trading near $6,500 and any worst news may push Bitcoin to $5,000 area again.

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[triciaa478]

You shouldn't make a mistake of double counting since the circulation supply can not be determine at a particular instance because money moves in and out any time .

[Slow death]

The total cryptocurrency market was $238 Billion a few hours ago and yet the market is almost $260 Billion.

The price does not rise much and if we continue this way we will have a very big fall, because people get tired because they do not see a big increase and they sell and as always the price drop generates panic and panic it generates more price drop, so we will not be optimistic because we do not have much demand for the moment and just to remind, the governments of many countries are adopting very tough measures against bitcoin, so this is affecting the price

[blockman]

The total cryptocurrency market was $238 Billion a few hours ago and yet the market is almost $260 Billion.

What a coincidence? last time it was around $260 billion and now? $273 billion and that escalated quickly.

Shame on those people who are happy to see the crypto market goes down and losing its faith. This is not something that we should ignore.

True and the market did turn green today so I think it increases everyday, its just that the amount of increase everyday are totally different from yesterday. Don’t lose your faith just because the market was bad for a few months.

That's quick that the market is on red again.

I guess I know the drill now, if the market turns green and there's 1%-5%+ increase expect and see to it that it will be followed by many sells on exchanges.

But long holders still rules.

[The_Dark_Knight]

This is not a surprise to be honest with you guys. There are more people who knows what bitcoin and crypto is compared to a year or two ago. The more people know what crypto is the easier for market to go back up. Back in the day when price dropped, thousands of people who know what bitcoin is clashed with each other to get it higher or lower.

Now that there are millions who depend on crypto and invest in smaller cryptos as well (tho their way usually goes from bitcoin) its much easier when price drops (millions of people selling) and its easier to get it higher as well (millions of people buying).

The issue is not awareness we have enough people that know that this market exist the problem is convincing them to invest, most of the people that were willing to invest did already and invested most of their money when the price began to go up, now those people are in 3 different camps, the ones that lost money and are not coming back, those that are still in profits but are holding and have no more money to invest and those that sold at the right time but are waiting for better prices, so I do not expect the price to grow in a fast way.

[foaman]

It's okay if others are happy with the current rise, is it okay to celebrate? may be better than ever with a lot of news that I consider positive, withdrawal of the ban from each country, capital for the amount of money coming in, the market will be like this once in my opinion, will not be too to go further Again, a more drastic decline may be can happen, where whales wait for a fairly cheap price, best for every situation.

Broomhall the market on the strange thing. No one knows what will be happened tomorrow and what the price can be in near few months. But if it falls down, it will always grow up.

[ilnick]

I think that money will go to the crypto-currency market. Probably, the time has not yet come when the international community will appreciate the advantages and convenience of using crypto currency. Every year people become interested in crypto currency, which means that the total capitalization of the crypt industry will only grow.

[alroys]

it is too soon to decide all that let alone celebrate, because the value of this value is not how. but I also hope, the value continues to grow and certainly will have a positive impact for the next cryptocurrency value.

[naidray]

The total cryptocurrency market was $238 Billion a few hours ago and yet the market is almost $260 Billion.

The price does not rise much and if we continue this way we will have a very big fall, because people get tired because they do not see a big increase and they sell and as always the price drop generates panic and panic it generates more price drop, so we will not be optimistic because we do not have much demand for the moment and just to remind, the governments of many countries are adopting very tough measures against bitcoin, so this is affecting the price

That is the idea and what the whales simply want. Let the weak hands that are still having some slight hope get broken and get out of the market to be able to buy up all their positions while they come back whining to join FOMO over again after being screwed.

From this last move that happened though, I was not expecting any smart investor to really count it as anything as that was a very weak bullish momentum. Moreover, we have very huge resistances above us, so, it would take more than what we just saw to be able to break through them.

[Dudeperfect]

We must realise the fact that the market still in the basic phase of development and it will take much time to see the significant improvement in the market capital. At this stage, not even 10% of world's population is involved with Crypto industry, but this industry has a potential to serve the entire globe and hence I am expecting exponential growth in next 5 to 10 years. I don't even pay much attention to such short-term price fluctuations because I don't believe that these fluctuations will affect the growth in the long run.

[p3ppymon]

The scenario continuously changes as the market cap has decreased a lot in the past week, where the bears managed to slam the bull run. Once the prices will start going up more steadily we will see an increased cap and more capital investment pushing the prices up even more.

[Kertmu]

The scenario continuously changes as the market cap has decreased a lot in the past week, where the bears managed to slam the bull run. Once the prices will start going up more steadily we will see an increased cap and more capital investment pushing the prices up even more.

This should be so, because capitalization reflects the aggregate value of entities and markets, and their value fluctuates.
But at the same time, Bitcoin's dominance in the market is increasing, which indicates a rise in the price of Bitcoin itself, in comparison with other cryptocurrencies.

[laravuemaster]

You shouldn't make a mistake of double counting since the circulation supply can not be determine at a particular instance because money moves in and out any time .

Yes you are right, the market prices is always volatile so there is no way for a person to determine if he will be going to earn profit, but holding every tough times does really matter because in this way you can avoid losing your investments.

[Tamilson]

The total cryptocurrency market was $238 Billion a few hours ago and yet the market is almost $260 Billion.

What a coincidence? last time it was around $260 billion and now? $273 billion and that escalated quickly.

Shame on those people who are happy to see the crypto market goes down and losing its faith. This is not something that we should ignore.

True and the market did turn green today so I think it increases everyday, its just that the amount of increase everyday are totally different from yesterday. Don’t lose your faith just because the market was bad for a few months.

That's quick that the market is on red again.

I guess I know the drill now, if the market turns green and there's 1%-5%+ increase expect and see to it that it will be followed by many sells on exchanges.

But long holders still rules.

Indeed a good observation. Once the market turn green, many are selling and that contributes to the market to turn red again. And we can't control it as many new traders come in the market last quarter of the year and now selling at loss. They don't have any idea how volatile the market is. So for us, let's just hold more to lessen the dump and wait for the price to mature more.

[jayhawk1]

The total cryptocurrency market was $238 Billion a few hours ago and yet the market is almost $260 Billion.

This was a magnet used by Bulls to attract newbies so that they can buy due to FOMO but the market volume is still very low as compared to 30 days ago and to recover to that condition it will take some time. Market is very unstable and we can't afford another push-back for Bitcoin as it is already trading near $6,500 and any worst news may push Bitcoin to $5,000 area again.

There are people in market who are looking forward for newbies and trying to hang them up in their scams. But this is duty of newbie to learn better about this thing before coming into this practical world. This will help them to identify and sort out such scams at their own experience level and they can be saved out from being a prey for someone. So think over it and learn things well.

[katerinaliisa]

Soon the rapid growth of the market will begin. Definitely!

[wuvdoll]

You shouldn't make a mistake of double counting since the circulation supply can not be determine at a particular instance because money moves in and out any time .

Right, we cannot even be basing the little amount that moved in with respect to some quick pump with no strong bull force to be a tune to the upper side all of a sudden and considering the volume as well, it is obvious the smart moneys are just busy watching in 3D to see how the whole quick short move was going to be playing out.

The same few bucks that just moved in can easily be moved out as the dump starts all over again and the value of btc comes down.

[Ranly123]

The total cryptocurrency market was $238 Billion a few hours ago and yet the market is almost $260 Billion.

Look at how the market looks like. It was like the altcoins are following what Bitcoin has been doing. They are almost identical when you see the graph, in other words when the price of Bitcoin goes up the other altcoins will follow.

[berfanaf]

You shouldn't make a mistake of double counting since the circulation supply can not be determine at a particular instance because money moves in and out any time .

That makes sense. This isn’t compulsory that the figures you are seeing right now are still what is actually happening. Because with every single moment, prices are getting increased or decreased. And we all know this happens just because when there is little manipulation of demand and supply. So mainly, focus on thing that is under your control and it is price chart. Do observe it.

[TheNotoriouss]

This fck volatile. Will you invest in ICO this summer? I'm interested in several projects, f.e Kelvin Blockchain, have you heard about this particular one?  Checked article on Medium, sounds pretty impressive https://medium.com/@kelvinchain/the-post-quantum-era-of-blockchain-todays-solutions-for-the-world-of-tomorrow-16bdd970f49a