Current Market state

[Godday]

I think the current market situation is quite good because from yesterday the market increase has often happened so that for the big crypto market increase this year it will definitely happen

And also I think it reached its bottom already and I think its starting a new cycle already. So buckle up.

We could hope like that, but unfortunately, we don't know if that is already happening or not. Besides that, the price for every coins still up and down without any clue if it could get down again or not. But so far, if we were watching the market, it seems the price is not going to down deeper and if the price is down, in the next days, the price will be back to increase again.

in fact, the current market increase cycle is happening slowly. because of course we can see that the difference has been seen from the current price increase. so hopefully the development will continue, and of course there are many who are eager to enter crypto.

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[Ranly123]

Current Market state

During last week the crypto market had a surge in the price of cryptocurrencies that allowed major cryptocurrencies to gain significant momentum and recover from losses. In addition, the total market cap reached $121.3 billion during the last week.

ICObench Weekly Digest #6 is ready, here are the main quotation and insights:

1️⃣ QuadrigaCX is unable to access the company’s “cold wallet” funds on founders encrypted computer

2️⃣ BitTorrent token sales sells out in under 15 minutes, makes over $7 million

3️⃣ Facebook reportedly acquires blockchain startup

4️⃣ Venezuela’s new crypto legal framework

5️⃣ CoinGate enables native Ripple payment option for merchants

Weekly Digest #6 https://icobench.com/digest?utm_campaign=im2019wd06&utm_source=bitcointalk

In my own experience, I don't trust the ratings given by icobench. Though the market seems to gain momentum, still uncertainty remains to whether a continuous growth will go on or it's just another pump which would be corrected in coming days.

[Jating]

for example like china banning bitcoin mining, this may seem that it had no effect on the market right now, but who knows what may happen when it actually takes place, i am not trying to be negative but it is good to be ready for anything, and not get ahead of ourselves.

The "mining ban" is nothing more than a proposal, and I am glad that the market doesn't respond to this nonsense anymore. This, to me, is a sign that we have seen the market mature.

In the past articles mentioning a potential China ban was enough to tank the price, and it happened more often than most people can remember. Almost every rally at that point was dumped down because of 'bad' China news.

And no, you are not negative, so don't worry. People here need to understand that there is more than Bitcoin to the moon and $100k before the end of the year. I welcome people speaking out as realistic as possible.

I agree, it seems that investors have mature and getting smarter now.

But hats off to Chinese governments though, the timing of their statement was impeccable,  . I mean what better time to release such statement when the market is slowly recovering. But the good thing is that investors are no longer affected by the news coming from them because we all know what China is trying to damage the rally but they are not successful.

[travwill]

I do not really like this calm, I have a hunch that this is a calm before the red plum, but if this happens after a really serious growth step has to start.

[Lawrenzoo]

for example like china banning bitcoin mining, this may seem that it had no effect on the market right now, but who knows what may happen when it actually takes place, i am not trying to be negative but it is good to be ready for anything, and not get ahead of ourselves.

The "mining ban" is nothing more than a proposal, and I am glad that the market doesn't respond to this nonsense anymore. This, to me, is a sign that we have seen the market mature.

In the past articles mentioning a potential China ban was enough to tank the price, and it happened more often than most people can remember. Almost every rally at that point was dumped down because of 'bad' China news.

And no, you are not negative, so don't worry. People here need to understand that there is more than Bitcoin to the moon and $100k before the end of the year. I welcome people speaking out as realistic as possible.

I agree, it seems that investors have mature and getting smarter now.

But hats off to Chinese governments though, the timing of their statement was impeccable,  . I mean what better time to release such statement when the market is slowly recovering. But the good thing is that investors are no longer affected by the news coming from them because we all know what China is trying to damage the rally but they are not successful.

It seems good news to some people though, i leanrt that the ban of miners will have positive effect on the market which i dont know how it will

[b3llsf1l3s]

If you're stating a reliable fact then we could say that bitcoin growth is going straight to a better path. A lot of us are hoping for the best development for cryptocurrency especially bitcoin and these are good indications that the market is going well. It's positive news for crypto enthusiasts.

but if we talk about bitcoin growth, the majority of people today are impatient so that it takes longer than expected, the result is the development of different expectations of bitcoin also causes worse side effects

[Irviyandi]

Current market conditions can be said to be very stable because there are no price changes, either decreases or surges that are too high, and also the price of bitcoin and altcoin is still very stable so it is currently suitable for large trades, but you don't get big results but have a small risk

[freedomgo]

Current market conditions can be said to be very stable because there are no price changes, either decreases or surges that are too high, and also the price of bitcoin and altcoin is still very stable so it is currently suitable for large trades, but you don't get big results but have a small risk

It's very stable, it's been trading at $5K over and it stays at $5K despite a dump sometimes.
Honestly, I like the market now, it's better than last year and we have no seen big dumps so far, maybe it's true that bitcoin has really dip.

[DeadCoin]

Current market conditions can be said to be very stable because there are no price changes, either decreases or surges that are too high, and also the price of bitcoin and altcoin is still very stable so it is currently suitable for large trades, but you don't get big results but have a small risk

It's very stable, it's been trading at $5K over and it stays at $5K despite a dump sometimes.
Honestly, I like the market now, it's better than last year and we have no seen big dumps so far, maybe it's true that bitcoin has really dip.

Besides other altcoins down fall, Bitcoin remains stable from $5200 to $5320 which is really so healthy to all the traders who invested in bitcoin. Recent news are in supportive of Bitcoin growth. Wish to invest in Bitcoin now as the market has been so firm and promising to invest. 

[FanEagle]

It seems good news to some people though, i leanrt that the ban of miners will have positive effect on the market which i dont know how it will

We all cannot deny the fact that we really need the involvement of china in cryptocurrency because of their population and good economy that they have, people that feel it will add more benefits to the market are simply looking at it from the point of crypto Supply, they feel that once they ban miners, supply of token circulating in the market will be reducing and causing demand to be high, which will make those coins quite expensive, but it might not really work that way.

There is a word that says “when a door closes, another one will open”. People will always find way to manipulate things, china is also enjoying from these miners, because they produce most of the mining machines from there. So the banning thing must be political as people say.

[deisik]

It seems good news to some people though, i leanrt that the ban of miners will have positive effect on the market which i dont know how it will

We all cannot deny the fact that we really need the involvement of china in cryptocurrency because of their population and good economy that they have, people that feel it will add more benefits to the market are simply looking at it from the point of crypto Supply, they feel that once they ban miners, supply of token circulating in the market will be reducing and causing demand to be high, which will make those coins quite expensive, but it might not really work that way

China is not that rich as many come to think of it

It may be an economic superpower taken as a whole but its population is still mostly poor. It can be said that Chinese economic muscle comes exactly from the poverty of the Chinese population in general as poor people can be paid little (read, they are cheap workforce). The bottom line is that sheer number of total population is not a guarantee of big demand (the same is equally applicable to India)

[UNOE]

It surprise me a little that Bitcoin is still holding above 5k level, beside FUD news about Tether and Bitfinex. Not only holding above 5k USD per BTC level, but it seems that Bitcoin preparing for attack 6k USD per BTC  level. We have great news, big companies want's to join in the cryptocurrency market, Facebook and Nike.

[etherixdevs]

I do not really like this calm, I have a hunch that this is a calm before the red plum, but if this happens after a really serious growth step has to start.

I know the European market and I can assure that real investors are not investing in Crypto projects yet. Some months ago were interested in STO, before in Utility... now they are just waiting to buy the most common crypto at a lower price. The problem is that without real investor the crypto market sucks right now.

[alyssa85]

It seems good news to some people though, i leanrt that the ban of miners will have positive effect on the market which i dont know how it will

We all cannot deny the fact that we really need the involvement of china in cryptocurrency because of their population and good economy that they have, people that feel it will add more benefits to the market are simply looking at it from the point of crypto Supply, they feel that once they ban miners, supply of token circulating in the market will be reducing and causing demand to be high, which will make those coins quite expensive, but it might not really work that way

China is not that rich as many come to think of it

It may be an economic superpower taken as a whole but its population is still mostly poor. It can be said that Chinese economic muscle comes exactly from the poverty of the Chinese population in general as poor people can be paid little (read, they are cheap workforce). The bottom line is that sheer number of total population is not a guarantee of big demand (the same is equally applicable to India)

China might not be that rich - but the Chinese are much more motivated to hide their wealth from their government than those in the west. Because the Chinese govt is totalitarian and they sometimes use the existence of wealth to accuse you of corruption if you have annoyed some important person. Bitcoin is perfect for people like that - and of course that is the main reason the Chinese govt is trying to stamp it out.

[deisik]

It seems good news to some people though, i leanrt that the ban of miners will have positive effect on the market which i dont know how it will

We all cannot deny the fact that we really need the involvement of china in cryptocurrency because of their population and good economy that they have, people that feel it will add more benefits to the market are simply looking at it from the point of crypto Supply, they feel that once they ban miners, supply of token circulating in the market will be reducing and causing demand to be high, which will make those coins quite expensive, but it might not really work that way

China is not that rich as many come to think of it

It may be an economic superpower taken as a whole but its population is still mostly poor. It can be said that Chinese economic muscle comes exactly from the poverty of the Chinese population in general as poor people can be paid little (read, they are cheap workforce). The bottom line is that sheer number of total population is not a guarantee of big demand (the same is equally applicable to India)

China might not be that rich - but the Chinese are much more motivated to hide their wealth from their government than those in the west. Because the Chinese govt is totalitarian and they sometimes use the existence of wealth to accuse you of corruption if you have annoyed some important person. Bitcoin is perfect for people like that - and of course that is the main reason the Chinese govt is trying to stamp it out

But what does it change in the end?

And does it change anything at all? If people don't have the financial means to buy bitcoins (read, they are living from paycheck to paycheck or rather from one bowl of rice till another), what difference does it make? It is the effective demand (i.e. the demand which is generated by people with the means to pay and real intention to buy) that counts, not some motivation to hide their wealth from the rogue government as there's no wealth in the first place and thus there's nothing to hide. Indeed there are rich dudes in China (as everywhere) but they are likely part of the establishment anyway and don't give a fuck about crypto (other than stamping it out)

[jademaxsuy]

That is good news but it will never be honored unless it will not be posted here in a news or thread. Good thing is that we have users that are diligent in spreading news like this.

We probably can still see more market price movement especially that now market seems recovering. Those who invested on 3K usd will have greater profit on holdinh bitcoin in the near future.

[Idrisu]

That is good news but it will never be honored unless it will not be posted here in a news or thread. Good thing is that we have users that are diligent in spreading news like this.

We probably can still see more market price movement especially that now market seems recovering. Those who invested on 3K usd will have greater profit on holdinh bitcoin in the near future.

I think good news are not well spread this days and maybe there is reason for this that is beyond the eyes of a common man. Cryptocurrencies market has actracted alot of investors this days but most of the activities are not well published as we do, do before.

[Kelvinid]

That is good news but it will never be honored unless it will not be posted here in a news or thread. Good thing is that we have users that are diligent in spreading news like this.

We probably can still see more market price movement especially that now market seems recovering. Those who invested on 3K usd will have greater profit on holdinh bitcoin in the near future.

I think good news are not well spread this days and maybe there is reason for this that is beyond the eyes of a common man. Cryptocurrencies market has actracted alot of investors this days but most of the activities are not well published as we do, do before.

Not just only be attractive but it is really appreciated from fighting back to its normal price. The declines we suffer since last year will end up soon and it is good to see the market will look like this. I keep believing that this year we all see another bull run and take another very exciting moment to witness with crypto.

[Oceat]

That is good news but it will never be honored unless it will not be posted here in a news or thread. Good thing is that we have users that are diligent in spreading news like this.

We probably can still see more market price movement especially that now market seems recovering. Those who invested on 3K usd will have greater profit on holdinh bitcoin in the near future.

I think good news are not well spread this days and maybe there is reason for this that is beyond the eyes of a common man. Cryptocurrencies market has actracted alot of investors this days but most of the activities are not well published as we do, do before.

Just understand how the market really works, it is not about all of the good news. It is all about the supply and demand of the market, have you ever tried to sell through online or ever browse something in a 3rd-party app that will allow you how the market really move up and down? But of course, the news is still included in this price movement because of the people sentiment.

[creeps]

I do not really like this calm, I have a hunch that this is a calm before the red plum, but if this happens after a really serious growth step has to start.

You have to be patience, Calm market doesn’t mean a red dump soon. Don’t think for more dump because i know its done already. There’s so many happenings around cryptomarket now and over all its about the positive side, a more good news like this can pull the trigger way up again, so let’s wait for more of this because bitcoin can go high as much as $6k this month.