Cryptocurrency market continues to blood shed

[suryapro]

Price increases are the main factor that is always expected by every owner btc or eth at this time. but all of that needs support and many factors that can cause the price increase. but we can still hope that at the end of this year the price increase will come.

[samcrypto]

Price increases are the main factor that is always expected by every owner btc or eth at this time. but all of that needs support and many factors that can cause the price increase. but we can still hope that at the end of this year the price increase will come.

There’s still hope for a much bigger price, this is just another bad trends for us but it wont last. Its true that we need more support on this, and more good news but so far China is making a big pressure to cryptoworld they are part of this dump and I hope it change. Price increase will happen but its hard to tell when it will happen, let’s hope that we welcome 2020 with a high price.

[jossiel]

I've seen it dropped to $6,900 but the good news is it's able to rise up quickly to $7,300. Although this is still a big cross from the last price which was above $9,000. But the character of bitcoin for quick dump is also attached with quick recovery.

ETH also shares sentiment.

The drop from $170+ to $150+ is also a big loss on it. The lesson is that if there's a quick dump, there will be proper balance of it which shall result to quick rise too.

[o48o]

Many didnt pay attention to what Xi-jinping said and blindly bought BTC in bull run that started after his statement on blockchain, they are now cursing the crypto market.

Crypto markets are not reasonable and people are ignorant, they can't see what's below the hype when they are following the buzz words. This makes markets easily manipulative. And it makes me think that some Chinese crypto media outlets might be using the language barrier as their advantage, to give news to short or long by.

[Bitcoinjheta]

Price increases are the main factor that is always expected by every owner btc or eth at this time. but all of that needs support and many factors that can cause the price increase. but we can still hope that at the end of this year the price increase will come.

Surely it increases the crypto market value of Bitcoin and altcoins after this huge down fall because this are being manipulated by big whales in a preparation for the next year pump. And this something what to be happened for the others who wants to buy an affordable coins in the market.

[cryptothreads]

Price increases are the main factor that is always expected by every owner btc or eth at this time. but all of that needs support and many factors that can cause the price increase. but we can still hope that at the end of this year the price increase will come.

Surely it increases the crypto market value of Bitcoin and altcoins after this huge down fall because this are being manipulated by big whales in a preparation for the next year pump. And this something what to be happened for the others who wants to buy an affordable coins in the market.

At the moment there is no news for people to trust this market and panic sell trend is going on causing all the coins to collapse. I think do not expect too much in the pump next year because up to now everything has just stopped at predict so you will face a lot of risks if not careful. I have stopped all investment plans in the last few days and am securing my assets in the safest way.

Of course there is still hope for the crypto market someday but before that happens there will be more adjustments here.

[Fundamentals Of]

Price increases are the main factor that is always expected by every owner btc or eth at this time. but all of that needs support and many factors that can cause the price increase. but we can still hope that at the end of this year the price increase will come.

There’s still hope for a much bigger price, this is just another bad trends for us but it wont last. Its true that we need more support on this, and more good news but so far China is making a big pressure to cryptoworld they are part of this dump and I hope it change. Price increase will happen but its hard to tell when it will happen, let’s hope that we welcome 2020 with a high price.

This is not something that is caused by China. It is best to not include China in every topic or in every movement of Bitcoin's price. China is not the central figure nor the biggest whale there is in Bitcoin. China is just a tiny player in the overall Bitcoin market.

This dump is nothing more than just an ordinary bearish movement of Bitcoin. This is not even the worst so there is no reason to worry as if everything will be turning from gold into stone.

[PLATO]

This is why I tend to ignore almost anything that the Chinese government says about crypto. It will change at some point. Just let something that makes China look bad and all of those people will be out of the crypto market. Besides the ones that use VPN's or what not to get around the ban.

No one really cares about the news coming out of China and for all the long term investors in the market have first hands experience how they used to manipulate the market with FUD when they were dominating the trading market with the huge volumes they had and once the government halted those trades all these traders move to other exchanges and you really cannot ban the market.

Bad news regarding China is causing Bitcoin and some other coins to continue to have a massive collapse that makes things worse. This country really has a lot of whales manipulating and China is starting to dominate this market more so if you do not have the plan, you will easily lose money during this time. I personally will not invest in this period and will continue to wait until the market get better.

[sehoon]

I'm not saying that it's fine but I think bitcoin is going to find its way back. I trust bitcoin and blockchain technology. Even though some of you guys are telling that China really hates cryptocurrency, the downfall is just going to happen for now or until December. We've been here before and we know something's coming up. If you're expecting that it's going to boom in the next years or months, you can wait for it to get lower and keep on investing.

[styca]

I'm not saying that it's fine but I think bitcoin is going to find its way back.

Yes, I'm certain it will. You just need to have a look at the long-term price charts. We had that huge bull market in 2017, then the bear that cut really deep, and since then we've have a very significant recovery. A small dip now is nothing to be concerned about, it's all part of the cycle... and the overall movement on a long timescale is stil upwards. Bitcoin has as much potential as ever.

[Cherylstar86]

I'm not saying that it's fine but I think bitcoin is going to find its way back.

Yes, I'm certain it will. You just need to have a look at the long-term price charts. We had that huge bull market in 2017, then the bear that cut really deep, and since then we've have a very significant recovery. A small dip now is nothing to be concerned about, it's all part of the cycle... and the overall movement on a long timescale is stil upwards. Bitcoin has as much potential as ever.

This situation makes so disappointed and feels so down but in the other hand to those new in the world of crypto currency community is a great opportunity to invest and definitely a great return in the future.  I believe in the long period of time to those who will wait can have a good return in the future.

[friends1980]

This is the reason
https://cointelegraph.com/news/bitcoin-drops-below-73k-as-china-vows-to-dispose-of-exchanges

So many people are putting a lot of their hopes in china but i personally never put a big expectation crypto to be adopted in short time. Remember about what already said by Xi-jinping is about blockchain and not crypto.

Satoshi's Bitcoin has been developed and presented as a libertarian project, to take back power from banks, governments and corporations.

Those who have indeed put their hopes in a communist country to get rich overnight, whilst dreaming of "moon" and "bull" and other fantasies, are now whining about Bitcoin's death and "the end of crypto". They make me laugh and I hope they get out asap.

[Trela]

I think the fundamental factor is very strong this time, once again the PBOC issues a practical attitude, but what about their logic of separating the blockchain from bitcoin as two different entities?. eth and other crypto are finally also affected by the same situation, if it does not distract then december enters the bloodbath period, I hope there is still a reversal effect.

Because Bitcoin and Blockchain are two different entities, Bitcoin is a product of the Blockchain itself while the Blockchain itself is a system.
is it really because of china? why do I feel like it is not because of them?
in my opinion, it is more likely a manipulation causing the price to drop because we are getting near to the end of the year.

Yeah, that is clearly a price manipulation by the Sharks in the financial markets. But let us be happy and quickly buy more BTC or Altcoins during this time. Black Friday is coming very close. I guess we can see a "flash sale 50%" at the end of this month.

[Getmon]

The market is on reverse right now. The red hours are over and the green has already taken over the market. Not yet fully recovering though. The red was rather deep and the effects that it caused to the altcoins and Bitcoin were awful. But at least the red lines are now broken. We now hope that this green will continue to higher grounds and recover the losses that happened a day before.

[imutlinda]

The market is on reverse right now. The red hours are over and the green has already taken over the market. Not yet fully recovering though. The red was rather deep and the effects that it caused to the altcoins and Bitcoin were awful. But at least the red lines are now broken. We now hope that this green will continue to higher grounds and recover the losses that happened a day before.

many people expect prices to recover as soon as new people will enter, but the market says otherwise. the conditions are still bad, we are still faced with the hope that this year there will be a good price surprise

[tenakha]

many people expect prices to recover as soon as new people will enter, but the market says otherwise. the conditions are still bad, we are still faced with the hope that this year there will be a good price surprise

Perhaps the current prices are an opportunity to get from cheap price. I am trying to look at the issue positively.

Although prices seem positive nowadays, they have experienced a big decrease. Many of us are still wondering whether it will touch $6900 level and how it will result if it does. Lets hope that the increase will begin because the opposite situation will cause great regrets.

[Shasha80]

It is very frustrating to see the current market conditions are bad. But we still have to think positively, by looking at bad market conditions
as an opportunity. I mean we can buy cheap favorite altcoins, our condition is in my opinion is great opportunity. Then from that there is no
need to panic seeing the price of cryptocurrency go down, and also don't always associate with china regarding the decline in cryptocurrency
prices at the moment. Because this condition occurs because of the manipulation of whales who want to buy coins at low prices. So we do not
sell coins that we have if the price goes down, we must be optimistic that the market will soon get better.

[kynaz]

The market is on reverse right now. The red hours are over and the green has already taken over the market. Not yet fully recovering though. The red was rather deep and the effects that it caused to the altcoins and Bitcoin were awful. But at least the red lines are now broken. We now hope that this green will continue to higher grounds and recover the losses that happened a day before.

In order for the market to recover, a lot of new capital is needed because most of the old investors are feeling desperate at this time and they can easily panic sell if the psychology is not good. In my opinion the red color will last for at least another 2 years and you should accept this fact. For now, don't expect too much of the crypto market and wait patiently for another period.

[zeze18]

The market is on reverse right now. The red hours are over and the green has already taken over the market. Not yet fully recovering though. The red was rather deep and the effects that it caused to the altcoins and Bitcoin were awful. But at least the red lines are now broken. We now hope that this green will continue to higher grounds and recover the losses that happened a day before.

In order for the market to recover, a lot of new capital is needed because most of the old investors are feeling desperate at this time and they can easily panic sell if the psychology is not good. In my opinion the red color will last for at least another 2 years and you should accept this fact. For now, don't expect too much of the crypto market and wait patiently for another period.

That's why people are saying capital for crypto investment are must not from money that you will needed because they will panic and sell their assets with loss when they experienced big drop like this. I'm sure the price will recover but not in near future, if they can hold a little bit longer (only for bitcoin) i'm sure they will take the good result with profits because the potential growth of bitcoin in the upcoming years are big.

[gabmen]

The market is on reverse right now. The red hours are over and the green has already taken over the market. Not yet fully recovering though. The red was rather deep and the effects that it caused to the altcoins and Bitcoin were awful. But at least the red lines are now broken. We now hope that this green will continue to higher grounds and recover the losses that happened a day before.

In order for the market to recover, a lot of new capital is needed because most of the old investors are feeling desperate at this time and they can easily panic sell if the psychology is not good. In my opinion the red color will last for at least another 2 years and you should accept this fact. For now, don't expect too much of the crypto market and wait patiently for another period.

That's why people are saying capital for crypto investment are must not from money that you will needed because they will panic and sell their assets with loss when they experienced big drop like this. I'm sure the price will recover but not in near future, if they can hold a little bit longer (only for bitcoin) i'm sure they will take the good result with profits because the potential growth of bitcoin in the upcoming years are big.

No I don't think old investors succumb to panic anymore. What's going on right now is part of a process that just repeats itself over time. We've already hit sub 4k bridging the end of 2018 and the start o this year. I don't think we should be afraid of a 7 or 6k dump. The market recovers whether you believe it or not and it has proven that it does in the past. A bloody market just gives you a chance to consider adding some bits to your stash.