Crypto down trend market

[Wutip]

All prices for altcoins are so sweet👍Just waiting to bitcoin be stable, but really this is very painful situation on market now. Anyway good times will come and we will remember it like nightmare )

[1714675556]

1714675556

[1714675556]

1714675556

[1714675556]

1714675556

[Mishgan27]

the market is down now and it's a good time to buy. then you will have to wait two months and you will see that some altcoins to begin, pampite. patience is a very important quality for a trader

[vallytech]

All the major currencys are down. What's your opinion on the upcoming market situation?

I am so surprised seeing the current market state, it's been said that during August that the market will dip down so low because a lot of people are going for summer holidays, so market will pick up ending of the month and begin of September

[CoinSpeculator]

i think market is testing us. and again i think down trend is goes for 3-4 month until btc price down 4.5k. then long time stay there and then goes up.

[Fourgh]

It's going to be a purge on altcoins that are not performing well. Many altcoins will eventually disappear in some exchange sites.

[heureca]

As I remember Vitalik Buterin said in the end of 2017: only 10% of coins will survive in 2018, so a lot of shit coins will be dead.

[iwah]

All the major currencys are down. What's your opinion on the upcoming market situation?

This is not the first time crypto market is going down trend, since i join this space, it's always down trends with just few uptrend, so i am already used to it, i am not expecting anything much from cryptos at the moment, I am placing my hope for long term now.

[ekechie]

As I remember Vitalik Buterin said in the end of 2017: only 10% of coins will survive in 2018, so a lot of shit coins will be dead.

I think if the market keeps on with this trend, and keeps going down, soon the prediction will come to pass because a lot of coins will soon go to zero and volume on them anymore, I hope we won't find our self to that level

[ROB18]

It's really a downtrend market right now but definitely it will recover sooner or later. I believe in the technology behind cryptocurrency which is blockchain and crypto itself as well. Most probably in the last quarter of this year, coins will regain its momentum again and soon it will be even higher compare to the prices last December 2018. Cheers to that.

[rinimalo]

I think this downward trend may last for a while, as many investors may choose to panic to sell coins, and when the price falls to a certain level, the whale/shark will take over the market!

[krassy]

The fall of the market is peculiar not only to crypto-currencies, but also to all other markets and exchanges, periodically this should happen, remember the fall in oil prices and the global financial crisis in the real estate market, only the patient and strong will survive,who ready to take risks and wait.

[Gandam23]

All the major currencys are down. What's your opinion on the upcoming market situation?

I believe useless shitcoins are not going to recover. Some of big ones, like nano, might not recover as well.

With Turkey situation going terrible, all stock markets in the world are down, and most currencies as well. Everyone is afraid and money is going to more secure assets, like USD.

Turkey citizens are buying bitcoin as well, so this could be holding bitcoin's price

Yes it can be seen at the market itself. It is really dumped so badly. Like all the crypto that you can see is on red color meaning the price is decreasing. But this is normal. We all know that cryptos are volatile meaning it is chaning by time as transaction being held at the market. Thats why it is not a good idea selling at this kind of situation. It helps crypto to go deeper. So you should hold it for the sake of the others.

[vKedax]

The market is cyclical, and after the fall there will be growth. Nobody knows when the recovery of the market will occur, it remains to wait for a better time to sell our investments.

[owmivmen]

It's better to wait for the right time to reinvest. currently there is still a decline that will occur in crypto. decrease in trading volume and dominant volume of bitcoin. so be careful to buy altcoins.

[Golftech]

There's no better explanations but just part of investment process, when we are inside trading business we should remember that buy and sell are unpredicted so downfall is just part of it and good quality project will rise back again, we are in the situations where experienced traders loves to take advantage, so take time to and be wise not being played around.

[tomahawk9]

It's bear season. The BTC price, 6k (which was a support level), didn't hold so I suppose altcoins prices will continue to go down and the bearish trend will keep growing for a while because they'll follow the bitcoin downtrend. But hopefully, this minor dump to the 5900 levels in BTC won't last too long so that it doesn't trigger another altcoin dump wave.

The only positive thing that I can say about the current bloodbath is that it will start a cleaning in the cryptocurrency market where shitcoins will most likely dissapear from the market, which is good as capital will probably go to legit projects rather than some vaporware.

Still, we really need some buying pressure or the downtrend will continue for a very long time.

[alexgreen2018]

Yes, currently it seems downtrend will continue or atleast we will not see any rally happening in near time. so hold your crypto tight and wait for tight time.

[xyandrobot]

I think in the future the crypto market will recover. currently many will buy back crypto which has decreased. the bull market will begin soon.

[MainIbem]

All the major currencys are down. What's your opinion on the upcoming market situation?

The market situation is terrifying. Yet, I have reason to believe that the market will bounce back.

[JammyJimmy69]

All the major currencys are down. What's your opinion on the upcoming market situation?

It's all going to zero as people are beginning to realise that it's unsustainable and useless. Sell and get out now!