Why has the cryptocurrency market been so stagnant this month?

[Ridwan Fauzi]

Many people say that the state of the market now stagnant because traders are reluctant to enter the market because they read a lot of negative news which often circulates. But I believe this situation will soon to ends at the end of this year.

I can say that is the first reason for the cryptocurrency market that continues to experience price declines. Until now, most investors will make information as their benchmark to start an investment, if the information only has a temporary effect on price conditions they will not enter to buy, they are waiting for an information that will have an impact on the cryptocurrency industry. And now I have heard about the issue, hopefully it will change the cryptocurrency market to trigger price increases.

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[Supercrypt]

I just think they deserve what they faced or weren’t they told that Bitcoin is volatile? If something can go up as such speed then what do you expect? It will also drop the same way when it drops, so people should always make proper plans before investing in Bitcoin because they already knows what will happen, but there greediness would not allow them think properly.

Everyone should always be liable and responsible for the decisions they make as that is one thing that most people need to understand.

I remember when I opened a thread last year when the price of bitcoin was around $18k heading to $19k, and a lot of people were getting greedy and calling the moon, I brought about the discussion of the market being overbought and newbies should stay clear but what else after then, I was blasted for creating FUD most especially from newbies or wanting to block them for getting rich.

I have always believed this is a community and we should always be our brother's keeper and even if you talk from experience sometimes, it perturbs me when I see newcomers acting like they already know it all, when they do not even have a single clue of what they are doing except to just want to get rich overnight.

[GregH37]

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?

I wanted to ask whether you have been around for long, before I saw that you’re still a newbie or maybe you’re not. But another question I have is, do you want that price to keep bulling all the time? Even a lot of people would still complain about that, there was a Bull last year in the market so I don’t know why you’re still expecting the same thing to be repeating itself. Just take things as it is, nothing more.

I do not even see any stagnancy here at all. If we are to consider something being stagnant, let's say for instance, bitcoin, then we should be talking about bitcoin just remaining at $6000 for days and weeks without even changing in price, now that is what I call stagnancy.

Even since around 15th October, we have been seeing some $100 changes steadily sideways, which to me is something that cannot be compared to being stagnant. The thing is that a lot of people just keep expecting huge volatility every time, but things do not work that way and it is not like the volatility is not there, which I believe the OP should wait for a break out and he will see.

[Slow death]

Even since around 15th October, we have been seeing some $100 changes steadily sideways

OP wants to see increases of more than $1000

The key to success in Cryptos is patience and wait. The waiting period can be long but will always be profitable.

This is good advice, but there are times that Is need to reflect and realize that it is time to leave the boat, I am not talking about bitcoin, but in the case of altcoins people should forget the spirits of HOLD and consider selling if necessary because many altcoins are shitcoins and just fall out of value and may never rise again

some exchanges are Scam as well.

I would say that over 50% of the exchange are scam

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

this happened because many analysts are making very high price prediction and people believe in these analysts

[pieppiep]

most likely because there is no good news and maybe no one is interested in cryptocurrency anymore because it has been traumatized when buying the cryptocurrency price at the end of 2017 yesterday the price is very expensive while the current price of bitcoin is very cheap, so the reduced demand will make Bitcoin prices are stagnant like this.

[marcelocoin]

coming out new tokens, new iCOS, the price of BTC for those who bought more expensive is in hold, I believe that the market will improve only to 2020 or more, of course, the crypto and impossible market to predict and can at any time have a high and arousing global interest volume and price tend to oscillate creating more options of trade and new enthusiasts!

[believe in BTC]

I personally do not know for sure, but this stagnant market does not happen in just a month, I feel the market is stagnant throughout this year which only struggled at $6k occasionally dropped lower and also rise until there was hope to touch $10k, but in fact returned to $6k. With that incident, I just feel if this year is a year of rest for traders and investors, it is possible, because market movements are not good enough, even though we like to expect prices to stabilize, but with a situation like this we will find it difficult to get a good return on investment we.

We have seen a lot of ups and down in the market in last few months, I think that the market is stable in current time because of the investors interest, but I think that it is good if the market is table and not doing down, I hope the investors are giving good support to the market and very soon we will see a good increase in bitcoin price.

[Stunning]

most likely because there is no good news and maybe no one is interested in cryptocurrency anymore because it has been traumatized when buying the cryptocurrency price at the end of 2017 yesterday the price is very expensive while the current price of bitcoin is very cheap, so the reduced demand will make Bitcoin prices are stagnant like this.

Crypto currencies are still very young, I think still most of the people do not know about it, I hope that still people are taking more interest in crypto currencies, some bad news in the market make the price a little stagnant but I hope that it will not remain the same for a long time, I hope that very soon the price will recover.

[bohr]

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?

There is no new demand, that is all what it is happening and I think your friends are mistaken this is not going to change in months it is possible this is going to take years, what I have noticed is that the people that entered the market last year are spoiled, they thought the market will always move like what we saw at the last year, but this stagnant market is also part of the reality of bitcoin and you need to accept it.

[sunsilk]

coming out new tokens, new iCOS, the price of BTC for those who bought more expensive is in hold, I believe that the market will improve only to 2020 or more

Don't skip 2019, there's more to come by this year and just don't let it pass. We may be stagnant for this year but there might be an unexpected event that would come on 2019.

the crypto and impossible market to predict and can at any time have a high and arousing global interest volume and price tend to oscillate creating more options of trade and new enthusiasts!

Predictions are normal in the market and its easy to do but having an accurate or close to what will be the true outcome is hard to do. The slow movement now is fine because it happened in the past. Bitmex CEO spoke that the bear market would last up to 18 more months.

[Afiqa03]

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.

I agree with the answer you gave. Maybe the friend he meant was just less patient and didn't want to take risks.

[calandra78]

because half people sell and buy are same value. other people still waiting to buy more and hold they small have to change another crypto they have. right now and over month ago crypto have negative and positif news are same too, not spesific and big news become like over years ago same month.

[ellehcar]

I think the reason behind is that people are half-hearted about crypto and they're making pulse about it if there will be a bullrun or the bearish months will still continue. Many still do not want to make major move, especially those who hold large amount of assets. Everybody's playing safe these days.

[Kemarit]

because half people sell and buy are same value. other people still waiting to buy more and hold they small have to change another crypto they have. right now and over month ago crypto have negative and positif news are same too, not spesific and big news become like over years ago same month.

So you're saying that its more likely they negating itself, (buy/sell orders, positive/negative news) fair enough. But if we try to figure out the main reason why the price is not moving, despite a lot of positive news circulating around, perhaps investors are maturing, or maybe the 'business model' has shift, or the hype is no longer there. Really hard to say what's on investors mind right now.

Anyways, if you look at the bright side, fees are low, confirmation times are faster, and I personally used my bitcoin more than ever, as I believed that it become more of a currency because of the price stability we're currently witnessing.