What's going on with crypto market?

[Rana590]

People are much aware about the project where they will invest or not. They are able to identify the real and scam project as well. Obviously people will invest if they find good potential project. Otherwise there is no benefit to invest on every project.

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[Ridwan Fauzi]

We have seen a lot of changes in the crypto market recently, not in terms of pricing but rather in terms of projects as we have seen much lesser new projects this year compared to last two years. Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects?

Seem like many investors are afraid to invest in new project due to many project that fell to scam. Also, the culture for the project's token/coin is always like that, was pumped when it was launched and then it was dumped. So as many investors will see it first before they spend money for investing. And the other factor is future market/ perpetual market, there will be many investor who changes their strategy to this way, you just need to use fundamental factor to get 100× profit.

[FanEagle]

There are times people just invest into bitcoin and just keep it going for a while, sure people are not trading but they are buying, those people are still here, also companies to increase their holdings of crypto as well, this is more of a period where people are just getting ready for the next step, that is about it.

Obviously there will be a period when bitcoin will not be staying at these levels, after all it can't stay here forever, but at that moment we will get to see what people who have invested all that time ago actually planned about when they are doing what they do right now and we will get to see people actually moving to the direction wherever they want and that will either hurt us or help us depending our situation, so I would say careful what is going on now to understand what will happen.

[maydna]

~snip~

Every year scammers became more resourceful since some of their schemes will not work that's why we will see some beautiful changes among their tactics used so its best not to gt hook on any new projects right now and go only with bitcoins since those new projects is not good even if they portrait good to their community, We need to dump them quickly if we have some or just leave those if we think about investing since by this we can discourage scammers if they don't have any victims fall for their traps.

That is why we need to get the updated news about their way so that we can prevent getting scammed by them. It is hard, but it's worth doing because if we don't get more knowledge, we will be the next target and have a chance to get our money. Besides that, we need to be careful, especially if we read some information about getting free giveaways because right now, there is no free lunch for us. We need to do something if we want to make money and don't get in their trap easily because the scammers will use any ways to trick us.

[lepbagong]

We have seen a lot of changes in the crypto market recently, not in terms of pricing but rather in terms of projects as we have seen much lesser new projects this year compared to last two years. Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects?

hopefully what you say may come true, at least the scam project has begun to be ignored by investors for not supporting it. because clearly all this time the makers of scam projects have been at a very critical level to get rid of, because it makes the crypto market also very lackluster because there are no good new projects that can succeed well.

but if you look at the reality that I have followed so far on new projects, it seems that there are still those who are still doing that by leaving the project already in the market and not just striving to develop it, so that ultimately the existing tokens are no longer valuable. something like this is still happening and it seems that there are even those who are trying to extend the project so that there can be investors who want to glance and add more capital. the obvious reason is the coincidence with the corona pandemic being used to be able to extend his time, this act which is not commendable by stalling can certainly ensure another scam will occur.

there must be time to end all actions that are not commendable, must start from the bounty manager not to accept all the projects as long as there is no certainty that the people behind him can be trusted. I have heard that there have been a number of old bounty managers making regulations in order to stop this, we have to support them so that many good projects grow.

[slaman29]

That is why we need to get the updated news about their way so that we can prevent getting scammed by them. It is hard, but it's worth doing because if we don't get more knowledge, we will be the next target and have a chance to get our money. Besides that, we need to be careful, especially if we read some information about getting free giveaways because right now, there is no free lunch for us. We need to do something if we want to make money and don't get in their trap easily because the scammers will use any ways to trick us.

Or maybe we just stay away from all the news and just rely on our own judgement and long term plans? I mean, why are we always going to be influenced by news, more knowledge, from who? Guys who of course want us to do the things that will help them in the long run. That's the true understanding of free lunches, that no one does it for our benefit.

[TheGreatPython]

News do play a role in the crypto trade business, of course it doesn't always have to be a good role, but it doesn't have to be a bad role neither, it depends on you to decide if it is good or not. What you can consider good or bad would be actually to calculate the news and see if it is a true fact or an opinion piece, there are a lot of confusion between those things.

For example, when you read something like "does taxes lowering affecting bitcoin?" you may think it is a fact piece, you can read inside and see that it is just some person questioning it and making some points on how it could be, but just an assumption, on the other hand "may 10th will be halving" type of news is actually fact news and that is what you should care about, not the other ones that just gives their thoughts about things.

[BITCOIN4X]

News do play a role in the crypto trade business, of course it doesn't always have to be a good role, but it doesn't have to be a bad role neither, it depends on you to decide if it is good or not. What you can consider good or bad would be actually to calculate the news and see if it is a true fact or an opinion piece, there are a lot of confusion between those things.

But almost all the bad news about crypro, for example the case of hacking exchange will cause the price of bitcoin to dump. A quick response from bitcoin holder who have large amount of bitcoin to bad news by selling part or all of their asset will cause panic for day trader and this situation will only worsen market condition. Although bitcoin is not regulated by anyone, it often happen that large investor (whales) will influence the market and that is very often expressed by many trader and forum user.

[Oilacris]

News do play a role in the crypto trade business, of course it doesn't always have to be a good role, but it doesn't have to be a bad role neither, it depends on you to decide if it is good or not. What you can consider good or bad would be actually to calculate the news and see if it is a true fact or an opinion piece, there are a lot of confusion between those things.

But almost all the bad news about crypro, for example the case of hacking exchange will cause the price of bitcoin to dump. A quick response from bitcoin holder who have large amount of bitcoin to bad news by selling part or all of their asset will cause panic for day trader and this situation will only worsen market condition. Although bitcoin is not regulated by anyone, it often happen that large investor (whales) will influence the market and that is very often expressed by many trader and forum user.

This market is highly reactive to fuds and shills that why its no surprise that when a certain news do pops out, neither positive or negative it might really give out significant effect.

Lets take for example on what happened on  recent past few hours where btc did able to rise up or reach 10k price. Whats the reason?   no one knows yet there are no news or events

reason for it to rise.This is one of the hardest part on where price can move its own and we know that whales is one of the  possible reason too.

[Zemomtum]

You must have a good project to stand out, scaming has been reduced greatly unless those that cannot make a little research before investing.

[Cherylstar86]

We have seen a lot of changes in the crypto market recently, not in terms of pricing but rather in terms of projects as we have seen much lesser new projects this year compared to last two years. Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects?

If there's no investors who will become attracted with those new projects, scam won't happen anymore. The lessons that we learned made us stronger and more wiser this time, and we can't afford to be their victim all over again. We must stand on our own decisions to don't entertain those promises.

[maydna]

~snip~

Or maybe we just stay away from all the news and just rely on our own judgement and long term plans? I mean, why are we always going to be influenced by news, more knowledge, from who? Guys who of course want us to do the things that will help them in the long run. That's the true understanding of free lunches, that no one does it for our benefit.

Staying away from all the news and the offers can be a solution for people who are afraid of not getting the right news. We can stick to our long-term plans, which can help us not worry about the fluctuating price at the market. But we might lose the chance to make a profit from the fluctuating of the market. We need to realize that everything that we will decide have a risk, and if we can deal with the risk, we will have the chance to make a profit from other ways. We can see that no one will help us to get what we want except ourselves.

[okala]

I see a very massive upward set up any moment from this week and bitcoin might test $14,000 again. A break above $10,000 and remain above there throughout this week is needed in other to bring big buyers into the market.

[Kelvinid]

I see a very massive upward set up any moment from this week and bitcoin might test $14,000 again. A break above $10,000 and remain above there throughout this week is needed in other to bring big buyers into the market.

The price movement will show the same and we have nothing to do with that. What we are talking about is how these new projects will show some potentials out from realistic scamming issues that we usually heard. For numbers of crypto projects created every day, it was to wonder that all of them will succeed, instead, most of them will fail.

If this scheme will continue, it absolutely will affect the trust of the investors and so much it reflects the price development. We don't like to see this but too sad to know the fact that scammers, fake project developers, and other ways of scamming will likely not stop. That is why, from time to time we can still see these projects around and hearing people being scammed.

[ultrloa]

I see a very massive upward set up any moment from this week and bitcoin might test $14,000 again. A break above $10,000 and remain above there throughout this week is needed in other to bring big buyers into the market.

If this scheme will continue, it absolutely will affect the trust of the investors and so much it reflects the price development. We don't like to see this but too sad to know the fact that scammers, fake project developers, and other ways of scamming will likely not stop. That is why, from time to time we can still see these projects around and hearing people being scammed.

They are a big burden on crypto industries and not surprise with those people telling that this things rotating here are scams since we literally know that scamming is so rampant on cryptocurrency, maybe this side needs regulation or anything can control so that we can gain a big trust from those investors who looks for good opportunity in bitcoins industry. But this thing will never happen and the spread will slow up due to this guys who always scam new people in the industry.

[imstillthebest]

I see a very massive upward set up any moment from this week and bitcoin might test $14,000 again. A break above $10,000 and remain above there throughout this week is needed in other to bring big buyers into the market.

If this scheme will continue, it absolutely will affect the trust of the investors and so much it reflects the price development. We don't like to see this but too sad to know the fact that scammers, fake project developers, and other ways of scamming will likely not stop. That is why, from time to time we can still see these projects around and hearing people being scammed.

what you dont like to see ? he was talking on the growth on the price and not on the possibility of it going to decrease . growth on the price arent the only one that changed the view of the people but its much more when the price decrease  . also we are talking about btc here not fake and scammed projects but your still right that scam and fake projects wont go away and they are also the reason why investors view on cryptos including on btc is changing .

[peter0425]

We have seen a lot of changes in the crypto market recently, not in terms of pricing but rather in terms of projects as we have seen much lesser new projects this year compared to last two years. Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects?

You are a typical bounty hunter so i believe that you already knew whats the answer  for this right?

and also there are no reason why new project will pop up since all the legit project is already existing so more or less new projects will be copy paste  project?

Stop looking for new project and  instead support old successful projects.

[bitgolden]

If we could have something like last year where the price just skyrockets that would be super sweet, we really need the price to actually go to 14-15k levels so that we could try to not just go up but also hold instead of trying to just go up. At 15k level I am fine with bitcoin staying there for a while, I just hate it when the price goes above 10k and below 10k and it does this like a hundred times in the past 3 years.

I am sick and tired of bitcoin price not being able to go above 10k too much (in time not in price) and goes down under 10k once again after failing to stay. This time around I want it to go around 15k levels (anything over 13k works) and I want it to stay there, at least 6 months, hopefully a year. If it can stay that way for a year that means we will probably not go down under 10k any more this frequently.

[uneng]

I see a very massive upward set up any moment from this week and bitcoin might test $14,000 again. A break above $10,000 and remain above there throughout this week is needed in other to bring big buyers into the market.

A very welcome bitcoin bull season, how long may it last?
Looks like investors are moving their profit made with altcoins to the king bitcoin again. The market looks very optimistic about bitcoin right now. I'm really impressed bitcoin is showing all its potential during a terrible pandemic which is leading world economies down and during a defi hype.
The king of crypto currency universe is definitely going to rule for a long time yet!

[STT]

We're not seeing any news at present to go with this rise, just a speculative wave of interest that might take us higher or not.   There seems to be a very good chance of it but I wouldnt rely on it especially as certain until the trend is in place, this is still the scaffolding part where must disassemble the remnants of previous volume trend that represents volume for the market to deal with.