What Is Really Happening To The Market?

[proscratcher]

Checking on the higher time frame, the market is still bullish. Nothing to worried about, everything seems to be normal. That's how the market works, it does not always uptrend, sometimes we need to experience a healthy correction.

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[maydna]

I don't think we can see bitcoin around 5k. The dump is expected as far as I am concern, I feel is just some form of correction which will not last for a long time. Though the fell of stock market might also influence this fall but everything will be back to normal sooner than expected, no need for panic.

Even if the price is dump hard to below $10k, we need to stay calm because behind the fallen of bitcoin price, and we will have the opportunity to buy bitcoin at a low price. This time can be a good example for us because bitcoin now is at $10k price, so that will be a good time to repurchase more bitcoin. I am sure the bitcoin price makes a deep correction of the price, but the bitcoin price will start a rally to the high price after this correction. And who knows, after this correction, bitcoin price will have a big chance to break $15k or even higher price. It is better to hold our bitcoin if we can't buy bitcoin this time, and better we do other things, so our mind will not think about the market's downtrend.

[Tipstar]

I don't think crypto was ever easier to predict than this. Change of more than 10% over 24 hours are rarer these days. The reason for that are due to involvement of institutional market makers and grid traders. Bitcoin has been able to keep it's price above 10K for quite a time now. With more distribution and adoption and larger market, the crypto market are more stable than they were before.

[totoy4741]

This is just my wild guess, but I suspect the whales ignore bitcoin prices because they want to get into the hype defi like yfi. They are waiting for defi projects and forget bitcoin.

Bitcoin will always be the primary coins and no other coins will ever replace that I guess. Defi projects might have change some investors perspective regarding the the techonlogies and system that bit can be implemented but with recent defi melt down it could turn out to be another hyped up coins like any other in the past.

[Lantind]

I am the one who follows the hype and now getting rekt,
so let see for future then, hope the market gonna bullish again in end of this year.

Everyone is clearly looking forward and hopes the market will be bullish again at the end of this year, but that is just an expectation whose certainty is still in doubt, because expectations in crypto don't always happen as we want.

[Oppo57]

In fact, there is no future for cryptocurrency at present. We were all very excited about the way the price of Bitcoin was rising. But now the price has started falling again. I don't know what will happen again at the end of the year. Yet we are very optimistic about the cryptocurrency market.

[killerfrost]

Crypto is getting harder to predict now, in August we saw a very good pump and many of us must have thought that a bull run was coming soon but when it entered September the market suddenly bled, will we see bitcoin under $5k again until the end of the year?
Was the increase in bitcoin and some altcoins in August just because of the Defi hype? Share your opinion

I think the price will not be able to fall deeper, the market has grown quite a lot over the past time and it needs a big correction for investors to re-invest and participate in this market. In my opinion, by the end of 2020 the price of Bitcoin will still be able to go up to $ 15k

[zidanw]

Crypto is getting harder to predict now, in August we saw a very good pump and many of us must have thought that a bull run was coming soon but when it entered September the market suddenly bled, will we see bitcoin under $5k again until the end of the year?
Was the increase in bitcoin and some altcoins in August just because of the Defi hype? Share your opinion

I think Defi hype have some effect but I don't think that it's good enough to affect the market or if so not so much. Well the pump and dump like this happened many times a month will pump and then on another month it will drop but I don't think the bitcoin will be crashing so deep that its price will reach $5k and if so it's a great way to buy a lot of Bitcoins.

[Finestream]

Crypto is getting harder to predict now, in August we saw a very good pump and many of us must have thought that a bull run was coming soon but when it entered September the market suddenly bled, will we see bitcoin under $5k again until the end of the year?

The market is always hard to predict, but there are still people who are consistent with their prediction, and they make money while the others will lose.
$5k is not a good price, people will see that we failed this year, so I guess that would not happen, the lowest price that we can see by the end of the year is probably $10,000.

Was the increase in bitcoin and some altcoins in August just because of the Defi hype? Share your opinion

Just because of Defi hypes? probably no, but mostly part of it, yes.

[masphie]

i no think so this is about DEFI.
we cannot analyze cryptocurrency movements 100%. Because those who determine the price are those who play in the buying and selling.

[mamesso]

Conditions like this have often happened in cryptocurrency, rise and fall in price is unavoidable, which is why can no one predict the movement of the crypto market. The presence of defi in the crypto space does not have a bad impact on bitcoin and Eth, on the contrary, with the presence of defi, more and more new investors will join cryptocurrency, and the competition will be even tighter.

[shakesbear]

Until the coronavirus pandemic is officially defeated, until they say that the crisis is over, you should always be ready for Bitcoin to go to 6K.

[pragna]

Crypto is getting harder to predict now, in August we saw a very good pump and many of us must have thought that a bull run was coming soon but when it entered September the market suddenly bled, will we see bitcoin under $5k again until the end of the year?
Was the increase in bitcoin and some altcoins in August just because of the Defi hype? Share your opinion

That's why everyone called crytpo market is always unpredictable actually. At present time all are good news everywhere like US bank making custody of BTC and swis bank also making custody BTC as one of the best secure and reserve bank in the world. On the other hand many men invested into cryto during COVID season. So if we see everything crypto market shold pump and pump and we seeing opposite. I think no body knows actual result of this dumping and Defi could not play big role here.

thanks.

[sana54210]

It is really shocking to me honestly, I mean why would anyone want to maximize their profit by allowing bitcoin to fall?

All those other stuff investors, all those miners, all those short futures guys, everyone who makes money from bitcoin going down or making money that causes bitcoin to going down are shocking to me.

Not saying I do not understand them, they want to make as much money as they possibly can and they do not care about what it causes however isn't it too short term thinking? I mean sure you can make a profit right now but you are making sure that a lot of people are not making money and that will come back to bite you.

Hopefully I am wrong and this doesn't disturb the market for too long, lets hope that it was a quick fall and it will recover soon.

[plvbob0070]

Even if it's currently getting dump, I kinda doubt that the price will go under $5k at the end of the year but the market has always been unpredictable, it experiences different ups and downs so really never know. Defi has recently getting hype but I don't think that's it's the main reason for the previous increase since there are several main economical issues that probably affected the market.

[sourish]

The volatility in cryptosphere is a given, and the present rise and fall cannot be attributed to any one factor, the political, financial and even social graph around the world to some extent, factor in hard to gauge predictions or estimated reasons. 

[carter34]

the market is bleeding, this is a good opportunity to buy as many altcoins as possible,
make sure you buy good altcoins and hold on until the end of the year,

I'm also seeing it to be opportunity to bag more of the coin. I don't think there is a dump yet, maybe a kind of correction. So no need for panic but to invest more will be wiser now.

[tvplus006]

Possibly we won't see Bitcoin @ $5k sincerely speaking: because of Bitcoin adoption. Remember that, many institutional investors has getten into the field of play and they have started making their ways to invest. What happened in August wasn't an accident because it's a  test towards what's going to happen soon, defi has been tested and trusted the world is ready for defi after this bleeding in the market.

I personally look at this bleeding as an opportunity for me to buy from the dip to hold against the upcoming bullish momentum. There are potential tokens that are dip down which are calling for a buy order, don't neglect this calling.

Not everyone was ready to close orders at a loss and thus received an even greater loss as a result of this dump. Those who have fixed their profits in stablecoins in time now have a very good opportunity to buy coins at a very low price. But do not forget about the stop loss, the dump can be continued.

[kensaii]

Crypto is getting harder to predict now, in August we saw a very good pump and many of us must have thought that a bull run was coming soon but when it entered September the market suddenly bled, will we see bitcoin under $5k again until the end of the year?
Was the increase in bitcoin and some altcoins in August just because of the Defi hype? Share your opinion

I do think so. August's uptrend doesn't have any strong reason to sustain and justify it. That is why now, we saw the correction for it and it was because of the Defi hype. Some project tries to ride the hype and got to very successfully position like the YFI coin.

This is just my wild guess, but I suspect the whales ignore bitcoin prices because they want to get into the hype defi like yfi. They are waiting for defi projects and forget bitcoin.

Maybe. There were clearly no buy wall orders for Bitcoin to keep the price say. Tho, I don't think whales would stupid enough to invest all their bag to just Defi coins. As I said, Defi hype is very fragile so they have to put their bag to something else too.

[3meek]

Now there has been a correction in all markets, including stock markets... That's why the cryptocurrency has become cheaper too! I think such fluctuations are local and further growth is waiting for us!