Bad days for crypto

[styca]

There seems to be a lot of downwards price pressure at the moment. As soon as you think things are stabilising and support is being established, the floor disappears and prices plummet again. It is certainly frustrating in the short term... however I don't think it's a massive concern for the long term. In times like this I think a look at the long term price charts are useful. We can see the huge 2017 spike and the mega-drop that followed with that long bear market. And after that the mini-recovery... since which time we have been steadily falling again. But you can see that this fall isn't that bad (at least yet!)... it still falls within the normal pattern of bumps in the road. So no reason to panic yet!

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[perla]

I don't think there is a bad day for the cryptocurrency world, the potential benefits and opportunities of having a bad day can be overwhelming because usually when prices fall many will consider it a bad day, even though it is a very good day because you can buy coins when prices are cheap, traders experienced will surely take advantage of moments like this.

although a bad day is a good day for experienced traders but still, when a big bearish happens it is a bad day like now the chart is very down. if you think this decline is a good day then at least this falling price will not happen so deep, because when dumping there will be many people who panic over their assets that tend to support for greater dumping due to panic sale and surely this is a situation that very bad

Maybe the problem is like what actually important in trading, we shouldn't panic in every situation because we must know correction or maybe the decline of price will usually happen at anytime. If people still panic maybe it is natural selection so only strong holder who still survived.

[alan2here]

Crypto prices for the past days have been so bad, literally no improvements, bitcoin, the leading coin has only been moving with the same 9,500-10,300$ axis, although it was projected that the price rise to 20,000$ by the end of the year, is this still achievable?

i don't have idea about bitcoin price at the end of this year, untill now the price still not stable and usually still down even after the price increases little bit.
and for bitcoin price i don't think can hit tomore than $15,000 untill the end of this year

If you look at the price of Bitcoin today, you can predict what will happen in the next few months because the current value of this coin is $7300 and goes against all predictions of everybody . I think this is a time that can make investors nervous because if Bitcoin price does not increase, all Altcoin will trend to decrease and investors are the ones who are most at risk when investing.

I always carefully analyze when the market down and will buy BTC when it is a good time to invest because this market I only care about profits and don't like long-term investment.

[sirminesalot]

Compared to 2018 when bitcoin prices plunged freely, now there is actually a pretty good recovery for bitcoin, although now it is back down but this is only slightly compared to 2018 yesterday. Personally I also can not predict whether the end of the year bitcoin can reach a price of $ 20,000, we will see from a few predictions about bitcoin later this year

indeed in 2018 bitcoin and other cryptocurrencies have decreased very drastically many investors are frightened and are losing but it has become a risk in investing and I am sure bitcoin and other cryptocurrency will experience an increase and development and investor interest will the greater the investment

[CryptoBuzzerd]

Right now Bitcoin going down, and alts are following. Curious if can be back moving?

[carlisle1]

Right now Bitcoin going down, and alts are following. Curious if can be back moving?

check the graph in january and also check the same questions as you,then you will find how bitcoin and market back to good value,we are having $7k value of bitcoin now but in January its $3k does it sounds small amount?
why not ignore the market for a while and check back in december so you dont need to be alarmed from this Up and Down market movement

[Cnut237]

Right now Bitcoin going down, and alts are following. Curious if can be back moving?

check the graph in january and also check the same questions as you,then you will find how bitcoin and market back to good value,we are having $7k value of bitcoin now but in January its $3k does it sounds small amount?
why not ignore the market for a while and check back in december so you dont need to be alarmed from this Up and Down market movement

This is what I was going to say. Day-to-day or even week-to-week market movements can be very misleading when they are divorced from context.

In order to understand what is really happening, it's essential to look at longer time periods. The December 2017 peak was huge, and the market fall after that took a long time and drained a huge amount of value. There was a big recovery since then, and we are now on the inevitable down-slope after that recovery. Following this, I expect another upturn, just maybe not quite yet.

There is no point in panicking each time we enter a downwards part of the cycle, especially if the overall trend measured over many years is still upwards.

[Doell]

There seems to be a lot of downwards price pressure at the moment. As soon as you think things are stabilising and support is being established, the floor disappears and prices plummet again. It is certainly frustrating in the short term... however I don't think it's a massive concern for the long term. In times like this I think a look at the long term price charts are useful. We can see the huge 2017 spike and the mega-drop that followed with that long bear market. And after that the mini-recovery... since which time we have been steadily falling again. But you can see that this fall isn't that bad (at least yet!)... it still falls within the normal pattern of bumps in the road. So no reason to panic yet!

good explanation they are not aware of how crypto market is move so that it triggers thoughts immediately draw bad conclusions or whatever ,they want the market of crypto continue to air up fly the moon but do not think about how it happens then immediately create content that will make him panic

[atjiat]

In this period, not only bad days for cryptocurrency arrived, but also hours, because today, October 24, in just 1 hour, Bitcoin fell by almost 6% and fell by $ 500.  This is a very large indicator of falling prices.  If you pay attention to the cryptocurrency market, then almost the entire top ten rating cryptocurrencies are traded in the red zone and there are no prerequisites for improvement in the coming days.  There is news in the media that certain interruptions and delays have already been recorded on some exchanges, including Bitmex and Binance.  In turn, I also drew attention to the fact that the CoinTiger exchange has become unavailable, the administration announces technical work.  In fact, everything that happens so far does not create a huge panic, because many cryptocurrency users use the current time for successful investments and purchases in cheap cryptocurrencies, because this chance will probably not be possible.

[CryptoBuzzerd]

So, hope today's green candle is a start brand new bullrun!

[South Park]

In this period, not only bad days for cryptocurrency arrived, but also hours, because today, October 24, in just 1 hour, Bitcoin fell by almost 6% and fell by $ 500.  This is a very large indicator of falling prices.  If you pay attention to the cryptocurrency market, then almost the entire top ten rating cryptocurrencies are traded in the red zone and there are no prerequisites for improvement in the coming days.  There is news in the media that certain interruptions and delays have already been recorded on some exchanges, including Bitmex and Binance.  In turn, I also drew attention to the fact that the CoinTiger exchange has become unavailable, the administration announces technical work.  In fact, everything that happens so far does not create a huge panic, because many cryptocurrency users use the current time for successful investments and purchases in cheap cryptocurrencies, because this chance will probably not be possible.

When you wrote this most of what you said was true, at some point bitcoin was below 7300 and it seemed like we could see a price below 7000 for the first time since May of this year, but just a day later the price of bitcoin saw a huge recovery which was difficult to anticipate, while there are moments in which the price of bitcoin can be very easily predicted we are entering a period in which the volatility is off the charts and we can see bitcoin gaining or losing 500 dollars in a single hour.

[wesk1212]

At the moment, judging by the market it is in good condition, after the fall it recovered very quickly and began to grow, both Bitcoin and alts

[bustedsynx]

Just imagine if you bought Bitcoin at $7,400 at that time of my last post. And you actually got to sell it at $10,500! That's an extra $3,100 for you in just one day! Just one day! It was an "oh my God" moment for Bitcoin. 

Today's market is still in bearish state so we don't know when it will start to rise. And i think it is best to accumukate XRP today since its dominating the market and it is not going down below its current vslue today.

I'm thinking if the market will keep going down within the end of this month or it will start to going up before this year end. And i am just hoping that i will be able to buy more bitcoin before it start the bullrun.

You should actually start buying bitcoin now. You should use dollar cost averaging where you start buying 10% of intended purchase around current price, 30% if it drops to $7,000, another 30% if it drops again to $6,000. Now if the trend looks to be reversing, buy every dip.

[Bitcoin Seller]

There were worst days for crypto. BTC dominate the market and alt coins cannot do anything alone at current market conditions.

After long bear market we saw some green days after Q1 to end of Q2..

And last 2-3 months we are living in a bloody market. By the way red market give good opportunities for traders. And also good opportunities for investors who focus on top ranked coins.

We do not have the so-called bad days for cryptocurrency. Until you decide to sell your altcoins and BTC, everything is good. Crypto is new, and it will be used in the future for sure. Thus, simply hold it in your wallet when its price is down. Take it as a reserve long-time investment and wait for the moment, when we all will see the flourishment of the market and the Moonrise of your altcoins and Bitcoin.

[batang_bitcoin]

Just imagine if you bought Bitcoin at $7,400 at that time of my last post. And you actually got to sell it at $10,500! That's an extra $3,100 for you in just one day! Just one day! It was an "oh my God" moment for Bitcoin. 

But not everyone that we're telling to buy at the dip are really buying. Good for those who listened to those suggestions that it's okay to buy during the dip and now it's gonna be your decision time whether to sell for the short term profit you've made or you want to continue it for long term. The bad days are gone now, hopefully. And we just have to wait until everything goes back to the usual process of looking into the bull market.

[krisnajsadrak]

Crypto prices for the past days have been so bad, literally no improvements, bitcoin, the leading coin has only been moving with the same 9,500-10,300$ axis, although it was projected that the price rise to 20,000$ by the end of the year, is this still achievable?

bitcoin under 10,000 USD is very good for us,
because we still have a chance to collect more bitcoin in good price my friend
remember in crypto everthing is possible
and bitcoin still has two months before this year ended,  market will answer your question soon buddy

[htsy585]

I wouldn't say bad days but rather trying days which will be defeated soon by bitcoin and cryptocurrency. I remember early this year when bitcoin did $3500 and boom Libra happened, EtFs and so on which sky rocketed bitcoin to over $11000. Crypto will always bounce back because the tech behind it is inevitable and adoption will surely happen alas gradually

[zeze18]

Crypto prices for the past days have been so bad, literally no improvements, bitcoin, the leading coin has only been moving with the same 9,500-10,300$ axis, although it was projected that the price rise to 20,000$ by the end of the year, is this still achievable?

I would say it's achieveable right now because bitcoin currently is on the way to break 10k.
After a big pump several days ago, bitcoin looks strong stand still on 9,4k+ , i could be go to 20k if something big news appear and attract many new investors

[Questat]

I wouldn't say bad days but rather trying days which will be defeated soon by bitcoin and cryptocurrency. I remember early this year when bitcoin did $3500 and boom Libra happened, EtFs and so on which sky rocketed bitcoin to over $11000. Crypto will always bounce back because the tech behind it is inevitable and adoption will surely happen alas gradually

Actually we reached $12K usd and that is because of the Libra hype I guess, no ETF yet as all ETF has just been delayed or disapprove.
This month, there was a big pump that suddenly bring the price back to $10K before it settles now at $9K and there was no hype at all prior to this, but maybe its the china news but that was all about blockchain in general that they will to develop in their country.

[Dewi Aries]

Crypto prices for the past days have been so bad, literally no improvements, bitcoin, the leading coin has only been moving with the same 9,500-10,300$ axis, although it was projected that the price rise to 20,000$ by the end of the year, is this still achievable?

I would say it's achieveable right now because bitcoin currently is on the way to break 10k.
After a big pump several days ago, bitcoin looks strong stand still on 9,4k+ , i could be go to 20k if something big news appear and attract many new investors

$20k with power of halving, i think still logic price to reach. Maybe for $30k or more we can speculate about it. But i personally will think $20k can reached. A lot of support and demands especially for event like that, will make bitcoin price increased so much. But just be careful after halving, anything can be happen. Make target so you not regret to miss the peak.