Do you think that market is oversold and bounceback soon?

[sudeshkumar]

well, I also think that early next year there will be no sharp increase in the increase in BTC and altcoin, as evidenced by the news that the entry of bitcoin into Nasdaq does not bring the price of bitcoin to improve. or we really need a miracle

but in the coming year even though bitcoin can't soar the price but it will definitely undergo a pretty good change, of course, because I'm sure that bitcoin and altcoin will experience price changes that can make investors return to smile again

Prices are declining regularly, afterall there is a limit of downtrend too , recovery is bound to start ,see how many months it take and return our smile back.

[cryptomaster420]

Most of the Altcoins have lost their major part of the value due to selling and the trend is continue perhaps it  is since long for over 10to 11 months . I personally feel that it is a very long period and the market is oversold now and there are chances of recovery in the days to come . Do you agree?

Varies from coin to coin.
Some are lucky to even exist as they are complete garbage.
Others are oversold just because the entire market is pessimistic.
I think the top 10 coins will all be worth more a year from now, but many cheap alts will simply disappear

[Russlenat]

It will depends on every crypto in the market, I think it's not oversold yet because the market is still continue decreasing everyday and in the past months I've expect that this month will be the bounce back but it's not.

[sudeshkumar]

If it's not already the bottom, where it is then? I'm not saying that all the altcoins will go up from their today's value, but dozens of them will surely do. You see, the fact is that people weren't abandoning crytpo this year. On the contrary, the adoption of crypto currencies has risen two times during 2018 and the effect should come out sooner or later. If it weren't whales selling their coins by dozens of thousands per day we would already witness the rising. Mark my words, we'll see the rising in less than two months from now, because their resources are not limitless.

I agree there will be upturn as the whales undeniably have limitless resources,but  it is uncertain when  they will pump in their money in the market again.

[gurunanakji777]

Yes we are noticing market is continuously dropping since the beginning of this year and now most of the coins are in oversold area. I believe market will recover in coming months but can not say exactly when it will rise back but apart from this I personally think market need some good positive news to boost up and I somehow agree with your points.

[Adunni6758]

As regards what is happening now, can we really say that the market is over sold?
I my own opinion, i think the market is waiting for the outcome of Bakkt by next year, perhaps early next year, but the market might start rising before the year ends.

[hardhardy]

Yes we are noticing market is continuously dropping since the beginning of this year and now most of the coins are in oversold area. I believe market will recover in coming months but can not say exactly when it will rise back but apart from this I personally think market need some good positive news to boost up and I somehow agree with your points.

Some coins cannot be oversold as they're such trash they shouldn't have value in the first place. LTC and IOTA come to mind.
But the rest of the top 20 are pretty oversold IMO. We'll see a reversal at some point

[moonblocks]

Key indicators suggest the market is over sold there is no doubt about that but a recovery isn't likely to happen over night as lots of confidence in cryptocurrencies has been lost and it will take some time to restore it as more reliable investment products become available

[kicauklaten]

the market rose up quickly I think not. that just happened is a small pump that can deliver results but can also trap. about bull run or rise to the recovery as a whole I don't think it will be realized quickly in the conditions like today. so don't be easy for interested in green for a moment.

[warning_btc]

No i think market in normal condition and dont bounceback soon.
This normal situation after that mad hype which was in the end of 2017, where every scammer earn moneys

[zikzag]

I think we are waiting for lateral movement. Which will last 1.5 or 2 years.

[StatesManG]

Yes it has reached the oversold region but the problem is,  will it bounce back? Many asset can reach the oversold region but refuses to retrace

[Seeker#9]

Many of the cryptocurrencies and tokens are already oversold but it doesn't mean their price will going up soon because itis still up to the investors and current market demands. Some well known coins like ripple, xlm and dash can go up even bitcoin ig going down so it is not to focus your investment on single but also on the other coins also. Bitcoin can also go up along with that coins but for short uptrend.

[akeda]

In my view, the market is in a normal condition, now it is undergoing a cycle and this is normal in the crypto world, and certainly conditions like this will rise again, only we cannot predict the market revival, it is still wise to react

[antsam]

It is really very long that the crypto value has been destroyed and not yet seen to rise. But seeing the trend per year from the crypro market, I am still optimistic that I will recover sometime later

[sky9314]

Today the market has shown signs of recovery, most of the coins have turned green, but I still doubt the arrival of the bull market, I think it is more likely to last only a few days, then the market will once again fall into a bear market.

[arun9900]

Why you think that it's not doable? i feel it's terribly possible if crypto will survive through all its milestone folks can slowly see the worth in it and begin to speculate in it. it's all a matter of your time. we've to attend for the bear trend to totally get away. I don't see a reason why it cannot get there once more as a result of what has been done before is simple to be done.

[Coinmyjob]

Most of the Altcoins have lost their major part of the value due to selling and the trend is continue perhaps it  is since long for over 10to 11 months . I personally feel that it is a very long period and the market is oversold now and there are chances of recovery in the days to come . Do you agree?

Of course, sales in the market are very much hitting prices, but perhaps this is how you can see the development of certain coins without much analysis. So for example, all the problems of the ether were bared, except for this, the prospect of neo development was lost. In general, it was useful for me personally.

[AlphaGoo]

First of all, I don't think this logic is correct. Not all oversold will lead to a rebound. This is related to market trends. If the cryptocurrency market bull market, then this is the truth. But if the cryptocurrency is a bear market, this may make you lose a lot.

[wuvdoll]

First of all, I don't think this logic is correct. Not all oversold will lead to a rebound. This is related to market trends. If the cryptocurrency market bull market, then this is the truth. But if the cryptocurrency is a bear market, this may make you lose a lot.

If you have observed in the past, how a market usually react after a heavy dump then probably you will agree that a bounce back will happen in near future. That is the right, a price rise is always related to market trend but when prices are lower, more people will come into buying that is the only reason we are all expecting for a bounce back right now. All of the cryptocurrency markets are into oversold zone so bouncing back may happen at any time, be preferred.

sales in the market are very much hitting prices, but perhaps this is how you can see the development of certain coins without much analysis.

It may help to find out the right dev teams among many reputed coins too. But, this alone will not be a criteria for your future of a coin as it is always dangerous if you go for investing a one coin without proper analysis. Because only due to the reason of lower price availability, investing in a crypto coin may lead to big losses.