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atjiat
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October 22, 2018, 06:22:52 PM |
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Trading volumes are at all times low plus stablecoin showing some concerns.. If BTC breaks through $6K mark, we might be in a free fall for some time again. Any thoughts?
This is hardly true plus I think we've gone past the issue with stablecoins. In case you do not know, BTC has been stable around the $6300 region for a while now, chances that it will break the $6k mark are very slim In any case, we have already seen the cryptocurrency market. I really hope. Well, we will not watch the second series of falls. It seems to me that users of cryptocurrency have already lost a lot this year and further negative will only contribute to the destruction of the future for cryptocurrency. |
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diouf67
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October 22, 2018, 09:26:53 PM |
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Trading volumes are at all times low plus stablecoin showing some concerns.. If BTC breaks through $6K mark, we might be in a free fall for some time again. Any thoughts?
It's hard to say with absolute certainty but I don't think that such an event is coming. 6k bottom has held strong and market seems to be in consolidation. The only real concern I have regarding potential further falls in the overall market are around stablecoins that you mentioned. If Tether were to go under in some sort of exit scheme then that would inevitably have knock-on effects to the market. I don't think that would happen at this moment in time but that's just based on gut feeling than much else. I suspect if tether was going to collapse it would have been more likely to happen in the early parts of the year when the price went from 20k to 6k |
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5ensei
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October 22, 2018, 09:43:31 PM |
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There is no sign that there is going to be a downwards free falling event. In fact, the charts show that there is going to be a break out soon so it depends on how you look at it. The fact that there is no clear indicator shows just how unpredictable crypto is
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tabas
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October 22, 2018, 09:50:14 PM |
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So it's ok I think. Any situation might be good for you. If volumes are low then you can buy more. If volumes are high then you can sell more.
They won't see the good part of falling, they will never buy unless the price will pump for a while. Going to the safe haven, just buy bitcoin now and don't choose any altcoin if you are doubting the volumes. You don't have to trade and keep it until the price goes up. We can't hold and control on how long this bear would stay but as long as you are holding and adoption's are coming, you're good. |
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Harriti
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October 22, 2018, 10:53:01 PM |
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I don't think so  . At the moment, whole market is stable or just fall a little bit. I don't think the whales will keep whole market low like this, there will be a big pump before Christmas for sure. I believe everything will be the same as last year  . Try to be patient. |
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solarion
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October 22, 2018, 11:06:58 PM |
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I don't think so . At the moment, whole market is stable or just fall a little bit. I don't think the whales will keep whole market low like this, there will be a big pump before Christmas for sure. I believe everything will be the same as last year . Try to be patient. All the experts are says end of the year it will move to huge hype but we should not predict anything in this year. Because last four years chart was mostly equal in price variation but this year unexpectedly many issues are created in crypto market. So before christmas this will going to pump or dump is possible but I expect 6k USD is a fixed price so this will never fall in below 6k USD. |
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skylar
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October 23, 2018, 01:42:11 AM |
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The 6k support level are still strong enough to handle this situation IMO. Just let see what the price will be after SEC decision are approved this or not, cause I think some of trader are still wait & see this news before they start trade their asset, At the end of this years are just so crucial for cryptocurrency market.
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Ribbitforum
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October 23, 2018, 01:45:56 AM |
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Trading volumes are at all times low plus stablecoin showing some concerns.. If BTC breaks through $6K mark, we might be in a free fall for some time again. Any thoughts?
i don't think that there is a dive in crypto prices, its hard to predict this day |
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Black Coffee
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October 23, 2018, 03:08:39 AM |
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I think stable coins will not have a big impact on the fall of the market and bitcoin is still an indicator of all movements, whether going up or down.
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Shtamm_oval
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October 23, 2018, 06:12:51 AM |
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Trading volumes are at all times low plus stablecoin showing some concerns.. If BTC breaks through $6K mark, we might be in a free fall for some time again. Any thoughts?
Do not cause panic, investors are already holding their assets on the last breath and hope that growth will come by next month. And you ruin their expectations, of course, we forecast a decline, but we didn’t want to. |
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johnnyboycrypto
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October 23, 2018, 06:53:04 AM |
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I find it hard to believe that it could fall below the price it costs to mine, if it does prolly not for too long because the miners wouldn't mine it if it weren't profitable or at least break even after the energy costs
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kidflash
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October 23, 2018, 08:18:35 AM |
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I think BTC wants to get strong support in $ 6000. This is a good step for BTC, I believe BTC will be the bullish trend soon.
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passivebesiege
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October 23, 2018, 08:27:37 AM |
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I think BTC wants to get strong support in $ 6000. This is a good step for BTC, I believe BTC will be the bullish trend soon.
There are possible that it may down again, but all of us need to be strong and patient because after the dip it will recover again and reach the better condition of the market. |
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aencarnaci
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October 23, 2018, 10:14:46 AM |
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Trading volumes are at all times low plus stablecoin showing some concerns.. If BTC breaks through $6K mark, we might be in a free fall for some time again. Any thoughts?
Trading volume always get lower as we move towards the apex of a sideways triangle, as that is something normal. At this point now, a lot of traders are waiting for a break out to see the direction the bitcoin market most especially will take, and in such case, the only thing required at the moment is just patience and nothing else. Like you said, bitcoin breaking downward or upward is what would really determine how things would end up in a short period of time as the case may be. So at this stage, the thing is we can only wait to see how things turn out. Again, no one really knows.
But how can you say that trading volumes now are low? it isn't low if it will become low then the market would react and goes lower than where we are right now. I guess you have tired waiting for the promised bull by many good predictors and even your own expectation's saying.
Exactly and there is absolutely no way anyone can know? It is a market and the chances of seeing the market experiencing some less volume in a sideways action at the moment, is something that is very normal. Trading is still going on however, but once we most definitely start seeing a break out to some extent, we most definitely will see market participants popping in and trading the break out and that is when you will understand the volume is still pretty much there one way, and it is only the sideways market that has not really bring about much activities at all. |
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ophyrim
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October 23, 2018, 11:25:01 AM |
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Trading volumes are at all times low plus stablecoin showing some concerns.. If BTC breaks through $6K mark, we might be in a free fall for some time again. Any thoughts?
Yea u are right there is some strong resistance at 5.5k-5k and 4k. İf the price of BTC will break 6k I am pretty sure that we are going to see 5k. I don't think 4k is a strong possibility but possible. |
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umbara ardian
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October 23, 2018, 11:39:09 AM |
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when bitcoin can reach a price of $6k again, it will certainly be a lot of panic and surely many will try to buy again because the price can fall as cheaply as possible, take advantage of this cheap price movement while you can because when bitcoin has reached the maximum limit, bitcoin supply can be very expensive again.
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COPARTT23
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October 23, 2018, 12:26:03 PM |
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I think that the main decline is still ahead, the psychology of its participants rules the market, and as statistics show, they are not very active, which means that prices are waiting for cheaper
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max65
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October 23, 2018, 12:39:22 PM |
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Yes,its true that as of this moment we are seeing another crypto price were diving but in this situation its normal that the price was goes down and in the next goes up.
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voltesbit777
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October 23, 2018, 12:53:22 PM |
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Trading volumes are at all times low plus stablecoin showing some concerns.. If BTC breaks through $6K mark, we might be in a free fall for some time again. Any thoughts?
Does this topic has been discussed here several times? I guess, yes. My answer is none of us here don't have any idea what will happen in a few hours, tomorrow, for the coming weeks, or months so on and so fort. I think why the market is red now it is because most traders don't want to have a big loss to their capitals that's why they hold their coins, so meaning the active traders is not that many as we expect. |
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pamsugas
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October 23, 2018, 01:14:18 PM |
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I agree with you, the volume of Bitcoin is getting lower if it breaks from $ 6000 then the support to $ 4800
but if we see it is really below it is difficult to penetrate $ 6000k
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