Why has the cryptocurrency market been so stagnant this month?

[Goodvalony]

For over two months Now, the market has been stagnant. No show of a solid bull in the market. some of my trading friends have abandoned there accounts believing that it might take months before we can see a bull market.
WHAT COULD POSSIBLY BE THE REASON BEHIND THE MARKET SLOW MOVEMENT?

[harizen]

For over two months Now, the market has been stagnant. No show of a solid bull in the market. some of my trading friends have abandoned there accounts believing that it might take months before we can see a bull market.
WHAT COULD POSSIBLY BE THE REASON BEHIND THE MARKET SLOW MOVEMENT?

Didn't you know that it's way better to see crypto market like this. It removed those people who are just into crypto because of 2017 hype. We saw the real bottom, we saw what price level is not a joke, we saw everything etc.

Your friends abandoned their accounts? Then they really don't know what they are doing.

Honestly most people are so much excited for the bull run but when it comes they didn't know how to deal on it.

[Goodvalony]

 

Not that they abandoned there account but they switched to forex trading saying that it is more comfortable and predictable to them that crypto markets. i was confused at the first instance because i thought for someone trading forex must have been a professional. such person will not have difficulties trading the crypto market. but it didn't happened. so i asked again, is there much difference between trading crypto and forex?

[jrrsparkles]

If you feels the market is taking too much time to ecover then you also may take a break from the trading if you are a trader but this is the time for you buy the coins if the bull run comes everything will be out of your hand so buy now and wait until the market goes bullish,Yes I am also feeling that it may take few months for that to be happen.

[MOBbrothers]

it is been stabilized to avoid the excess pump and dump. Also we are yet to hear any solid News about crypto. especially the SEC that postponed making any Key decision on cryptocurrency since August. watch the market closely since august and you will notice that there has not been any major change till date.

[supermine]

Not that they abandoned there account but they switched to forex trading saying that it is more comfortable and predictable to them that crypto markets. i was confused at the first instance because i thought for someone trading forex must have been a professional. such person will not have difficulties trading the crypto market. but it didn't happened. so i asked again, is there much difference between trading crypto and forex?

Lot of differences there first of all the crypto currencies are highly volatile and impossible to determine what will happen but in forex trading you can analyze what will happen when you research about current world's economy.Then no break in the crypto trading but in forex trading you need to take a break at weekends.And the inflation has big role in forx trading but it may not be a big aspect in crypto trading so finally you need to have lot of analytical skills if you want to be forex trader.

[gantez]

Your friends could not continue because they were scared of the expectations by almost every body that market will bull this season coming and so, they don't want to blame themselves.

... is there much difference between trading crypto and forex?

Seriously their volatility differentiates them, making cryptos very risky. Second is that, you can analyze forex market, it seem like a physical trade you do more-or-less but crypto is not that way. Your analysis on cryptos might not make any sense.  

[Slow death]

WHAT COULD POSSIBLY BE THE REASON BEHIND THE MARKET SLOW MOVEMENT?

disappointments, this is the big reason. You see, people when they create high expectations, easily have great disappointment on the day that those high expectations are not matched. Last year the price of bitcoin did not stop rising and then the price fell from $ 20,000 to $ 6000, People were disappointed and left cryptos. today the demand is very little and not even good news are not causing the price to increase. Then we have the governments with their regulations, we have many ICOs created by scammers, all these facts are causing that there are no more big price increases. But this also has its advantages, for example: the price of bitcoin is stable.

[Jating]

For over two months Now, the market has been stagnant. No show of a solid bull in the market. some of my trading friends have abandoned there accounts believing that it might take months before we can see a bull market.
WHAT COULD POSSIBLY BE THE REASON BEHIND THE MARKET SLOW MOVEMENT?

Because a lot of them have lost so much already so they're not coming back unless there's some catalyst like Bitcoin ETF or Bakkt physical Bitcoin offerings. But just look at the bright side and take this opportunity to accumulate more bitcoins or even altcoins.

Another possible reason is that majority have learn their mistakes. So they evolved and are now getting smarter. They wouldn't just put their money in a struggling market. Its hard to do day trading as well, which I believed what's left for seasoned and veteran traders to make good profits. But for us casuals its difficult and not our thing so we might as well distance ourselves for now.

[BitHodler]

Second is that, you can analyze forex market, it seem like a physical trade you do more-or-less but crypto is not that way. Your analysis on cryptos might not make any sense.  

I'm not sure if you have ever traded on the forex market, but it's definitely not granting you an advantage over crypto just because people have more history and fundamentals to fall back on.

In all markets the far majority of the participants lose, where only a very small percentage (mostly well below 10%) actually manages to make a profit. Forex trades are educated guesses, and that's really it.

Another thing is that most forex traders all use leverage to utilize the smaller movements to the largest possible extent. Depending on the broker, you could lose way more money in a single trade than what you initially put in.

It's a dangerous environment people severely underestimate.

[Maricel2017]

We fo not know the exact reason why this is happening but i am sure many people are pulling out their investment that is why demand is continuous decreasing and reflecting it in the value and people does not want to buy right now and they are waiting for the deepest value of every coin in the market

[fucilator_3000]

We fo not know the exact reason why this is happening but i am sure many people are pulling out their investment that is why demand is continuous decreasing and reflecting it in the value and people does not want to buy right now and they are waiting for the deepest value of every coin in the market

Nah..

People like buying during bull run or bubble, not during dump

[sunsilk]

Abandoned their accounts? what accounts are those? it doesn't matter if they will just leave their wallets and bitcoins, they can comeback anytime as they wish. That's how you'll take things if you are pissed off of the market, you need to relax and stay away from it.

The reason could possibly be, there's low demand as of the moment and that can't be controlled if there are no new money coming in to the market. We need to wait for the hope of institutional money come soon when Bakkt starts to operate, don't hope for an ETF anymore.

[changxia]

I think this is caused by the panic effect. Many investors immediately suffer losses when they enter the market, they will choose to sell coins!

[ngacengan]

currently the condition of cryptocurrency prices is not good, because I think there is currently no good news that makes market conditions do not have as many price changes as they are currently stagnant.

[buwaytress]

Slow? Watch the volumes, they're slowly and quietly creeping up the charts, on p2p anyway, which simply means more people are trying out exchanging with each other, which is a good thing in my book, the way Bitcoin was meant to be and how it works best.

Price isn't everything, in fact it is almost meaningless in the scheme of adoption. Everything happening and growing under the radar, as it has been for years.

[Sadlife]

Some of the reasons are hacking and vulnerability of trading exchanges, rules and regulations from countries and the restriction of advertsement of ICO in social media, google and other platforms of the internet. This are the bad news bitcoin is facing right now that's why it's in a bearish cycle.

[Karisma Black]

There has been no big news that could disrupt the market.
It might also be stabilizing before a big move, up or down.

[IndeecV]

Many are scared away by volatility. But in Forex you are forced to create volatility artificially, using leverage and risking losing everything every time.
Perhaps it was a time of excitement, a bottom and frustration came. The next stage is rationality and real work. Stable, but slow market growth. I believe in it.

[DOH!]

The market is still unable to rise sharply because the number of investors expects the value of the bulls to stop cutting or taking too big profits, which makes many coins unable to grow. I think it's going to take a lot of time to get back to the end of 2017.