What's going on with crypto market?

[darewaller]

The lesser amount of projects might have something to do with the pandemic because almost no one wants to start a new project since they cannot do any meetings or gather together to promote or discuss their project publicly.

It also has to do with the amount of scam projects coming up, investors are now hesitant to invest anything in genuine projects as well and the whole altcoin market is completely bullshit now.

I am honestly happy that there are lesser ICOs and hopefully the golden days of altcoins will be back soon with lesser projects being thrown into the market.

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[Golftech]

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

Only those who are greed to didn't pay attentions with researching before investing will fall to this scam projects.

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 rise will continue and new barriers will take place more and more investors will start bringing new money to keep this high.

[coinfinger]

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.

Yeah and it is not as easy as earlier when just any ICO or IEO would come into the market and raise hundreds of thousands of bitcoins from innocent investors by just creating an ANN here in the forum, making a decent website and just randomly picked team. Now investors are way more smarter and they would not invest a single dollar until they verify the team and their experience, their past projects and their current development.

All been said there are still numerous ICOs and airdrops coming into the market though and they find investors somehow by luring them into high profit promises and next level developments.

With respect to bitcoin market, right now we are into stronger bullish rally as per the dream of many people here. I believe we are heading toward $15k levels in short-term and by this year-end we must need to get ready for experiencing a new ATH.

[n0ne]

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.

We can't state it as a speculative wave of growth. If the ongoing market changes were based on speculation now this could've fallen low, but the market stands high compared to rest of the markets. Even in this pandemic cryptocurrency is the only thing that is on the growing path. The price too have crossed $11000, making it a perfect growth which is been expected months back itself.

[STT]

I'm looking for a top, I might be wrong but there's nothing incorrect about looking and considering the alternate views in the midst of an obviously more positive market now in August then we had in march.   Just like in March it paid off well to be an optimist and at least consider the possible reversal and true enough, the panic was incorrect.   That's a broad view but my simple take is 1 hour bars with just the idea of greater volume for the red bar then the green and the obvious latent hopes of speculators that we drift up simply with momentum and gravity aiding us somehow, markets often dont give simple gains.    I think profit taking can occur and its quite reasonable to enter a short at first near term then look to close or hold it depending on how longer term is developing in the bigger picture.

[michellee]

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

Only those who are greed to didn't pay attentions with researching before investing will fall to this scam projects.

Many of us have greed when we see that the project looks interesting to invest, so we only follow from what other people say without research if that project is really good or not. The market still making the good move as I see that the market still up and down so far, so we might see another increase for many coins this month. Hopefully, this month can be better than the last month, so we can back to make a profit again, and if the market can rise more than now, bitcoin price will have a chance to break the high price.

[shoreno]

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

Only those who are greed to didn't pay attentions with researching before investing will fall to this scam projects.

Many of us have greed when we see that the project looks interesting to invest, so we only follow from what other people say without research if that project is really good or not. The market still making the good move as I see that the market still up and down so far, so we might see another increase for many coins this month. Hopefully, this month can be better than the last month, so we can back to make a profit again, and if the market can rise more than now, bitcoin price will have a chance to break the high price.

not many but each of everyone of us has their own kind of greed and that greed wont be same or not all are greedy when it comes to money .

here on forum majority of people here can tell or will tell if the project is a scam or not and so chances of you getting scammed is small if you do follow them and if you dont follow your own greedy self . market now is better than previous months , thats the reason why scam projects are getting lowered

[michellee]

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

Only those who are greed to didn't pay attentions with researching before investing will fall to this scam projects.

Many of us have greed when we see that the project looks interesting to invest, so we only follow from what other people say without research if that project is really good or not. The market still making the good move as I see that the market still up and down so far, so we might see another increase for many coins this month. Hopefully, this month can be better than the last month, so we can back to make a profit again, and if the market can rise more than now, bitcoin price will have a chance to break the high price.

not many but each of everyone of us has their own kind of greed and that greed wont be same or not all are greedy when it comes to money .

here on forum majority of people here can tell or will tell if the project is a scam or not and so chances of you getting scammed is small if you do follow them and if you dont follow your own greedy self . market now is better than previous months , thats the reason why scam projects are getting lowered

I hope that the scam project will reduce, and the market is getting better, so people can get better results for their investment. But I still worry about the project because the scam project will still try to get the new victims to steal their money. But still, if the market does not break the high price and doesn't move like now, I think that the chance to see the lower price will still be there. So we need to be careful and always prepare for anything that can happen to the market.

[smyslov]

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?

 I think both, there was a time majority of projects looks scam and there was a time there were a lot of good projects but there were few  investors to support those projects, scammers keeps going on but good projects are very rare and it's hard to find out if the project is good or not.

[carriebee]

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.

This is true that people are already aware of the project and even more becomes wiser before investing in a project. Since a lot of scam surrounds in crypto industry it brought a lessons to them whether will invest or not. It is our due diligence prior investing is to verify if it's legit so we can avoid minimal risks and losing money in this industry. Some project are promising with potential and some are not so we have to be more careful in choosing one.

[Findingnemo]

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?

 I think both, there was a time majority of projects looks scam and there was a time there were a lot of good projects but there were few  investors to support those projects, scammers keeps going on but good projects are very rare and it's hard to find out if the project is good or not.

People will be interested only if the market is showing good signs to make profits that is why we can see few investors only even when the project is good.And its just the investment right so people will run towards that trend but the investors who analyse the market when everyone is not interested that is the way to get more profits.

[Yamifoud]

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.

This is true that people are already aware of the project and even more becomes wiser before investing in a project. Since a lot of scam surrounds in crypto industry it brought a lessons to them whether will invest or not. It is our due diligence prior investing is to verify if it's legit so we can avoid minimal risks and losing money in this industry. Some project are promising with potential and some are not so we have to be more careful in choosing one.

Learning means a lot in today's situation. Nothing has to be a victim of scam if we don't let that thing to happen. It finds more tricky the market today as many attractive promises that are worthless but can't deny that many were still been fooled with this.

Even though we spread awareness to the forum, into the community but sometimes it was just useless.
"I was scam, they scammed me" a bunch of complaint to heard but they aren't still learning. They obviously greedy people who can be easy to trick and listen to this broken promises.

[royalfestus]

The space is getting attractive but I look to 6-9 months from now when some profits are back in traders pocket, they will dare to invest thousands of dollars again, bounty participants will also put few coin in new projects, some account in the forum will also be responding to hypes. The profit at the moment is still minimal and risk is more for bitcoin than altcoins. The dimension is changing to have sustainable space but we cant rule out the parabolic.

[Reatim]

The space is getting attractive but I look to 6-9 months from now when some profits are back in traders pocket, they will dare to invest thousands of dollars again, bounty participants will also put few coin in new projects, some account in the forum will also be responding to hypes. The profit at the moment is still minimal and risk is more for bitcoin than altcoins. The dimension is changing to have sustainable space but we cant rule out the parabolic.

Look exciting to watch out, as the market is showing a good sign of incoming bull run,
the level of interest coming from newcomers are growing.

There are institutional investors and new businesses who adopt the system and start accepting cryptos.

We do expect more, the chance that pandemic crisis brings more people's interest not
just for the usage but also with the investment features of
this industry.

[LogitechMouse]

Is it because scam projects cannot scam people and they quit or else there are no investor's to start new projects?

The fact that there are many projects that are turned to be a scam within the past 2 years is the reason why investors are thinking twice right now in investing thus, the success rate of new projects really declined.

Scam projects are everywhere but it will still be useless if there will be no investors that will invest in their project. Investors right now are more knowledgeable when it comes to investing in new projects unlike 2 years ago where there are many new projects coming and investors aren't that knowledgeable at that time.

These also affected those projects that doesn't have an intention to scam investors. Successful projects right now are rare.

[bearexin]

Honestly I do not feel that greed anymore, I do not invest into those smaller projects or even new ones, I do not invest into stuff that are small and not really cared in the crypto world as much, if it is so good let it be ranked accordingly, do not tell me the 76th ranked coin is "so great that one day it will be higher than bitcoin" because I will not believe it, if it is so good why is it 76th coin and not higher.

So, for the past year or so I have been heavily investing into gold, bitcoin, ethereum and that is about it, I think I have been doing the best period of my life in investment situation when you consider how much I made and that happened during a pandemic situation where everyone was losing money and every economic indicator was looking terrible yet here I was making profit. So I will not change that anytime soon.

[bangkecol]

I feel also that this year the new project is lesser than one year ago.
Maybe, investor invest in the defi projects,now. Because the hype projects in this year is defi projects.The defi project can give 10x ROI.

[STT]

Stuck in an upper range at present, Im unclear if this is bullish and it will continue upwards similarly.    Cant really say its negative especially, just repeating itself or idle in some way.



If perhaps the highest prices decline in some way that could develop into something but thats not strong significance is my take so far.   Sell high and buy low till that stops working and take no opinion in the fight might be where the profit is, I wish I was more mercenary at times like this.

[TravelMug]

I feel also that this year the new project is lesser than one year ago.
Maybe, investor invest in the defi projects,now. Because the hype projects in this year is defi projects.The defi project can give 10x ROI.

Doesn't matter if investors are going into Defi, I hate to say this but this could be another avenue for them to create a pump and dump and once they are done, they will simply shift to bitcoin and that has been proven many times already.

Market now looks green, ~$11,700, another good indication that the price decline further as investors keeps pouring in, from $11,400-$11,700, not bad pump for a day.

[Janation]

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?

Maybe we can relate that to scams that are happening.

In the past there are a lot of projects emerging, a lot of altcoins going in and out the markets and then the it just slowly went slow. Maybe because of the scams that are happening or maybe just because investors lost interest to it. Some of the people I usually ask for good projects are doing other stuffs now and not really focussed on trading and just investing other cryptocurrencies and holding some good ones.