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Author Topic: [2018-07-08]Crypto Markets Hold Weekly Gains Amidst Little Action. .  (Read 24 times)
anamie
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July 08, 2018, 06:35:37 AM
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Saturday, July 7: there is little action on the crypto markets today, with most coins either up or down by small percentages over the last 24 hours, according to Coinmarketcap. The total market capitalization is up by a little under $1 billion since the same time yesterday.
Bitcoin (BTC) is hovering around $6,635 as of press time. While it is experiencing almost no movement either up or down, it has still managed to keep this week’s gains, as it is up around 4 percent since last Saturday.
Similarly, Ethereum (ETH) is standing its ground, at around $467, up a little under 1 percent in 24 hours to press time and about 5.5 percent over the past seven days.

Source: https://cointelegraph.com/news/crypto-markets-hold-weekly-gains-amidst-little-action

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July 08, 2018, 11:31:34 PM
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I feel like Bitcoin is going to jump back and forth in this narrow range around $6,000 for quite a while, the bears don't want to sell too much because the overall sentiment still bullish, but the bulls don't want to buy now because the last ATH was only a year ago and it's too risky to hope for a new run so quickly. So, the most likely scenario for Bitcoin now is stagnation - there shouldn't be any truly big price movements for at least a few months, but probably till the end of a year or even longer. Maybe we'll see a gradual decline to $5,000, maybe we'll see some flash crashes caused by big FUD (happens from time to time), but most importantly there's still a lot of time till the next rally, which should be used to accumulate more coins.

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July 09, 2018, 10:02:23 AM
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Saturday, July 7: there is little action on the crypto markets today, with most coins either up or down by small percentages over the last 24 hours, according to Coinmarketcap.

So this is not a good thing? governments and central banks tell their citizens not to buy bitcoin because bitcoin is very volatile and people can lose a lot of money because of that volatility. so now we have bitcoin less volatile and people complain. People complain because they want 2x or even 3x profits... price prediction are always super optimistic, something like: "by the end of the year the price of bitcoin will be $20,000" But nobody wonders if this price $ 20,000 will be stable for a long time, if there is demand to maintain this level of prices for a long time. We have to be realistic and stop being so greedy to the point that we want prices to increase anyway. I also want the price to go up a lot, but I want the price to go up a lot and be stable.

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