Current Market state

[cabron]

Swift's action I guess is the result of XRP's drop and they though SWIFT is just going to die without a fight but I think it will kill XRP instead. So its possible for a country to really create their state-backed cryptocurrency. How do you think will be the consequences in avoiding US sanction?

If they'd be successful as I think they will since their Economy lies much on oil, more countries will follow.

[1714731292]

1714731292

[1714731292]

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[BitBustah]

The current market situation in my opinion is down so that we as bitcoin users must patiently wait for the value of bitcoin to rise again. Rest assured if someday bitcoin will rise and become high in value.

Obviously its down but if you look at the market in the last couple of months, not that much selling off so I would assume that we won't see any dramatic price fall, well, I hope so. Yes, we all know that sooner or later the will slowly pick up and then recovery followed by a massive panic buying again. But it will take months for it to happen so everyone should stay tune.

You never know when an old whale will come along and decide to dump his bags.  Even though the price looks fairly stable this can happen anytime.  We already saw what happened with the Bcash war and the mass dump that followed.

[biskitop]

Yesterday all crypto was almost red, this situation was getting worse because we were in Q1 for the new year. regarding your statement about the plan to use crypto as a financial transaction, I think indeed the state will only support one coin that they support, and may not have a big impact on the overall market situation. unless they support 100% bitcoin.

[Anies_Sandi]

Yesterday all crypto was almost red, this situation was getting worse because we were in Q1 for the new year. regarding your statement about the plan to use crypto as a financial transaction, I think indeed the state will only support one coin that they support, and may not have a big impact on the overall market situation. unless they support 100% bitcoin.

but if in my opinion the market from the beginning of the year has begun to change quite well. and if many countries support one coin such as bitcoin then it is likely that it will make the market like 2017 if in my opinion

[bitgolden]

I doubt it would make sense for Iran to have a cryptocurrency since even with USA sanctions at the end of the day how would you cash out without breaking the sanctions ? I mean you need to buy the Iranian cryptocurrency by paying either fiat or bitcoin or whatever (which you can buy with fiat) and when you have the Iranian crypto currency you need to turn that into fiat or bitcoin (which you can turn into fiat) and all of that comes down to depositing or withdrawing from a BANK which will not allow you to do so.

Hence, Iranian sanctions can't be really broken with a crypto currency if banks do their due diligence and exchanges are KYC approved places that government keeps a track of. Is it possible? Yes but it will be quite difficult to achieve and would involve a lot of risks to even attempt.

[Dimas99]

If Bitcoin keeps hovering the 3,500 or 3,000 then potentially it can easily be drag down if it break outs lets hope for a miracle, I don’t wan’t to be negative but I guess this is a long bear battle for all of us long term holders except for swing traders.

no one can predict all crypto currencies and crypto markets until now because it has become a risk and the nature of the crypto currency itself the confidence and patience of investors remain the main capital in investing in crypto currencies

[breathlessz]

If Bitcoin keeps hovering the 3,500 or 3,000 then potentially it can easily be drag down if it break outs lets hope for a miracle, I don’t wan’t to be negative but I guess this is a long bear battle for all of us long term holders except for swing traders.

no one can predict all crypto currencies and crypto markets until now because it has become a risk and the nature of the crypto currency itself the confidence and patience of investors remain the main capital in investing in crypto currencies

right, trust is the main capital for us to be successful. of course with that capital we are not affected by outstanding issues, so that we can consistently face the market

[sidkz]

I think that soon the prices will stay in place, well, and then we don’t know what will happen, well, I think there will not be a fall, though it’s not known when exactly everything will move.

[creeps]

If Bitcoin keeps hovering the 3,500 or 3,000 then potentially it can easily be drag down if it break outs lets hope for a miracle, I don’t wan’t to be negative but I guess this is a long bear battle for all of us long term holders except for swing traders.

no one can predict all crypto currencies and crypto markets until now because it has become a risk and the nature of the crypto currency itself the confidence and patience of investors remain the main capital in investing in crypto currencies

Hodlers are tired on predicting now and just waiting for the right time. Personally, I feel the pressure for bitcoin to pump since almost all of us want it but still bitcoin and other coins are just taking this market easy and they know when is the right time to pump. Its ok to be negative sometimes, we can’t control to feel sad but always think for the reason why you are keep on holding and why you are still in faith with cryptomarket.

[maemunah]

in my opinion the current market price is not good we can remember that in 2017 it was a profitable year for the market and the price was stable at that time I thought that way

[Stedsm]

Bitcoin slid 3.3% due to the news that CBOE withdrew its VanEck/SolidX ETF application, but I believe we're safe from the panicking sentiments of market-makers currently due to the fact that CBOE refiled an application with changes according to the requirement of a new rule proposed by SEC. I think that this ETF issue looks to being over hyped. As well, QuadrigaCX CEO died in an Indian hospital in Jaipur, leaving everyone fruitless as with him, died all the passwords of the wallets where INR 1000 Crore (avg. CAD $190 million) of investors and company claimed they won't be able to continue running the platform and pay their workers. And from the trading point of view, major traders are forecasting a huge probability of BTC going near $2000 to set new lows before a major bull run takes place.

[MTNAX]

In my opinion the current market conditions are indeed down, considering the price of bitcoin is lower than in previous years. But I'm sure if bitcoin will be at its highest peak if we want to be more patient again.

[Donceng]

If Bitcoin keeps hovering the 3,500 or 3,000 then potentially it can easily be drag down if it break outs lets hope for a miracle, I don’t wan’t to be negative but I guess this is a long bear battle for all of us long term holders except for swing traders.

of course it will not be possible, bitcoin will not always be at that nominal value, because as we know the cryptocurrency market movements are very fluctuating and may not always remain at a low price. for now the bitcoin price movement is undergoing a big correction long enough so that there is a possibility that price movements can increase again in a long time

[kkaroul4]

In my opinion the current market conditions are indeed down, considering the price of bitcoin is lower than in previous years. But I'm sure if bitcoin will be at its highest peak if we want to be more patient again.

but if in my opinion this year the market did not experience a decline because from the beginning of the year until now the market has begun to have good changes. so this year seems like a very good year for the market

[Naida_BR]

Yesterday all crypto was almost red, this situation was getting worse because we were in Q1 for the new year. regarding your statement about the plan to use crypto as a financial transaction, I think indeed the state will only support one coin that they support, and may not have a big impact on the overall market situation. unless they support 100% bitcoin.

The most significant problem right now that the market keeps falling is that we don't have any positive news with regards to the regulation system that countries establish and set barriers to the market. If there were some countries that would relieve their policies then people will start buying easier and bring some capitals in the market.

[azalea69]

Movement is good, although the market is still relatively red many are green, although the increase is small but will improve slowly.
Slowly investors return to crypto activities and create an improved market.

[Arsen2281]

Movement is good, although the market is still relatively red many are green, although the increase is small but will improve slowly.
Slowly investors return to crypto activities and create an improved market.

You're wrong. Now the market is still suffering from bearers and does not plan to soar upwards. Moreover, everyone is just “waiting” and no one is investing.

[gudjhonson]

Yesterday all crypto was almost red, this situation was getting worse because we were in Q1 for the new year. regarding your statement about the plan to use crypto as a financial transaction, I think indeed the state will only support one coin that they support, and may not have a big impact on the overall market situation. unless they support 100% bitcoin.

The most significant problem right now that the market keeps falling is that we don't have any positive news with regards to the regulation system that countries establish and set barriers to the market. If there were some countries that would relieve their policies then people will start buying easier and bring some capitals in the market.

It is still awaiting and most likely if the country provides a good policy, a positive impact will be seen, but there are still many countries that remain in their position on crypto. The market remains red and this makes many investors more resilient and vacant.

[andriarto]

Yesterday all crypto was almost red, this situation was getting worse because we were in Q1 for the new year. regarding your statement about the plan to use crypto as a financial transaction, I think indeed the state will only support one coin that they support, and may not have a big impact on the overall market situation. unless they support 100% bitcoin.

The most significant problem right now that the market keeps falling is that we don't have any positive news with regards to the regulation system that countries establish and set barriers to the market. If there were some countries that would relieve their policies then people will start buying easier and bring some capitals in the market.

It is still awaiting and most likely if the country provides a good policy, a positive impact will be seen, but there are still many countries that remain in their position on crypto. The market remains red and this makes many investors more resilient and vacant.

I think many countries have planned to regulate cryptocurrency, like in my country. although not yet realized, at least this is a big step to include crypto into the stock market. if this is realized and followed by many countries it will certainly be a big movement and can have a positive impact.

[suprex333]

Yesterday all crypto was almost red, this situation was getting worse because we were in Q1 for the new year. regarding your statement about the plan to use crypto as a financial transaction, I think indeed the state will only support one coin that they support, and may not have a big impact on the overall market situation. unless they support 100% bitcoin.

The most significant problem right now that the market keeps falling is that we don't have any positive news with regards to the regulation system that countries establish and set barriers to the market. If there were some countries that would relieve their policies then people will start buying easier and bring some capitals in the market.

It is still awaiting and most likely if the country provides a good policy, a positive impact will be seen, but there are still many countries that remain in their position on crypto. The market remains red and this makes many investors more resilient and vacant.

I think many countries have planned to regulate cryptocurrency, like in my country. although not yet realized, at least this is a big step to include crypto into the stock market. if this is realized and followed by many countries it will certainly be a big movement and can have a positive impact.

Seeing this situation, indeed many countries are starting to plan good steps to be able to take a position on crypto. Government expectations and policies will be a positive attitude for crypto lovers and the public so as to be able to influence the crypto market.