What Is Really Happening To The Market?

[yurim37]

Chainlink's drop is quite spectacular and honestly i knew there would be a correction from 20$ to 14-15$ but never in hell did I think it would drop again under 10$ in just few days!

[1715021952]

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[1715021952]

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[1715021952]

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[yurim37]

Many factors have contributed to the downturn in today's market, but there's no need to panic. We must think positively,
remain confident that the market will rise soon. I believe by the end of 2020 we can all see cryptocurrency prices return
to an all time high price, therefore we don't panic by selling the cryptocurrency we have today. Right now is the perfect
time to buy Bitcoin and altcoins, because the prices are cheap.

Well, easy to say for you!
I had 700 links , 22000 cardano and 8,5 Eth in futures and guess what, despite having a wallet of 7000$ Thanks to those futures still 2 days ago, all my futures positions were liquidated today because I thought until last moment that link in particular wouldn't drop under 10$ and that it as well as cardano and eth prices would sooner or later increase again.
How wrong I was!

[coin-investor]

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

$5 k is out of the question we have seen the resiliency of the market when the pandemic broke out the support now is stronger everybody was caught by surprise there are many speculations I'm glad not one of this is about the bubble bursting, so far the one that stands out is the miners' issue of dumping their big shares, people should expect something like this to happen but we must move forward.

[kkofor]

Many factors have contributed to the downturn in today's market, but there's no need to panic. We must think positively,
remain confident that the market will rise soon. I believe by the end of 2020 we can all see cryptocurrency prices return
to an all time high price, therefore we don't panic by selling the cryptocurrency we have today. Right now is the perfect
time to buy Bitcoin and altcoins, because the prices are cheap.

The value of a lot of big coins is having a big correction over the past few days and if you are holding Fiat or USDT then this is your chance to accumulate more as the current market is still very good. However, before investing, you should have a new strategy to limit your risk because if you are not careful, you will easily fall victim to the next bear market and will make you lose a lot.

[Coin_trader]

Many factors have contributed to the downturn in today's market, but there's no need to panic. We must think positively,
remain confident that the market will rise soon. I believe by the end of 2020 we can all see cryptocurrency prices return
to an all time high price, therefore we don't panic by selling the cryptocurrency we have today. Right now is the perfect
time to buy Bitcoin and altcoins, because the prices are cheap.

The value of a lot of big coins is having a big correction over the past few days and if you are holding Fiat or USDT then this is your chance to accumulate more as the current market is still very good. However, before investing, you should have a new strategy to limit your risk because if you are not careful, you will easily fall victim to the next bear market and will make you lose a lot.

If you view weekly chart of most coin. It is overbought and it will still take some weeks to finally recover again. Bitcoin is rallying price since April and altcoins too so it’s now facing big correction with that same duration to close the gap on Moving average line. This is a healthy correction or else we will suffer same fate last bull run 2017 which results to 2 years of bear trends.

We need a steady and slow pump rather than a massive pump with a short period of time. So I suggest to wait until the market shows some uptrend momentum sign rather than buy now without certainty that the current price is the bottom. It’s better to enter on a sure position atleast you can minimize your risk.

[Twinkledoe]

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

$5 k is out of the question we have seen the resiliency of the market when the pandemic broke out the support now is stronger everybody was caught by surprise there are many speculations I'm glad not one of this is about the bubble bursting, so far the one that stands out is the miners' issue of dumping their big shares, people should expect something like this to happen but we must move forward.

I also believe that we will not go back to the $5k range, though we are experiencing decrease in the market but we are still in the $10k price range. Let's wait for few more days and see what happens in the market. It seems that DeFi hype will be ending earlier than what is expected of them.

[grabpopcorn536]

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

The current price drop is profit-taking by institutions and individuals who have previously bought bitcoins. I don't expect Bitcoin to fall once again to $ 5k. Historically bitcoin has fallen in price in September but it would drop to 8,000 $ -9500 $ is appropriate because a drop to 5000 $ will break bitcoin's growth trend and will have to wait a long time again so that bitcoin can rise in price again.

[LouVandetta]

When we thought the bullish trend is already happening but the reality hits us hard all the way. It's hard to predict the movements as of now, and under $5k range is unlikely to happen, but who knows, right? I think due to bitcoin's correction or downfall made all the other alts suffering from it as well. Which is why you'll see red marks almost on every major coins. When there's dump, there will be the opposite of it, but no one knows when it will happen exactly. I'm putting on hold my trading now, some even had to cut loss their assets.

[plr]

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 don't see bad news that will trigger a huge drop to $5 k it's unrealistic at this point we should not talk about a huge drop like the dump by the miners as a serious one, this happens from time to time and has happened so many times in the past, people are very quick to create panic it will likely to settle next week.

[sarmrakib]

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

Exactly my thoughts. The crypto space is getting harder as the day passes. The sudden crash in the market is really what I have not understood. But then, we should expect this kinds of crashes in the crypto.

I didn't so upset on this downtrend it was expecting me .Its's true that crypto market is always unpredictable but in the recent defi hype makes it few trouble to get the market .At the end market always go through his on way except few news .We need to spend more time to get the market welly.

[erikoy]

I don't see bad news that will trigger a huge drop to $5 k it's unrealistic at this point we should not talk about a huge drop like the dump by the miners as a serious one, this happens from time to time and has happened so many times in the past, people are very quick to create panic it will likely to settle next week.

This is just normal. cryptocurrency is volatile and a user should know about it when they join cryptocurrency. Yes, down trend may be a pain to see when all we wanted is having a good market for cryptocurrency but then again this is the world of cryptocurrency that we have to adjust. Newbies do like to get worried on this downtrend but for those who were here in the past few 2 years or more been actually seeing a normal phenomenon.

No need to worry everything can bounce back may it take long weeks months or even years. Just keep calmand hold your crypto to avoid losses.

[mr.smith]

Chainlink's drop is quite spectacular and honestly i knew there would be a correction from 20$ to 14-15$ but never in hell did I think it would drop again under 10$ in just few days!

Things like this happen to any coin that is a work in progress it could be a correction but since it's one of the top coins in the market I don't think
it will not recover it will recover as long as DeFi continues to be a trending topic in the community and so far it is still a trending topic.

[qomariah95]

In general, it is difficult to predict what the future will be like. But looking at the reasons some of the people in this thread have, there might be a point too. such as the trade wars of China, India and the US. For all the reasons, we always believe Bitcoin will not fall any deeper and will start to recover.

[Krislaw]

The hype of defi surely doesn't affect the bullrun of Bitcoin it is surely because of the volatility, for me the right term for this red market is price correction many tokens get pumped up so much that there is no support and resistance. They actually need it so it doesn't dump so hard. But it's a good time to buy and accumulate holdings while the market is red.

[vvampire]

Natural ebbs and flows brother

[Romanianz]

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.

[NavI_027]

Crypto is getting harder to predict now

As if it is really easy to predict in the first place lol.

will we see bitcoin under $5k again until the end of the year?

I mean, nothing is impossible tho. These previous days, the market is crashing in a fast rate and it will be bad if the same trend repeats everyday. BUT I think maybe $10k would be a closer point. 5k? Nah, we're already far from hitting that one *cross fingers.

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

I don't think so because defi only started to bloom recently. For me the possible reason for the strong tally last August is because of Eth 2.0 hype.

[crypticj]

We are in crypto, so hard to predict prices here. No one really knows why btc price is dumped. Maybe some whale decide to do so. Anyway, alts dumped because btc dumped and now overall sentiment is really bad

[ScamViruS]

Chainlink's drop is quite spectacular and honestly i knew there would be a correction from 20$ to 14-15$ but never in hell did I think it would drop again under 10$ in just few days!

Chainlink at the end of the day it is altcoin, so it is difficult to expect anything more than an altcoin. I still remember how much hype was created with chainlink and even saw the prediction of $100 market price. But I think this correction was needed. Because no market goes up continuously, it requires correction.

Now since DeFi hype was created in the market and already many fomo buyers have lost their money. So now in case of buying any coin, one must check about the project.

[naikturun]

maybe the dump that occurred because of the news about Bithumb in Korea which was the cause of the market decline.
but not going that far, I mean 5k $ is still too deep maybe we will only see a decrease in the range of 9000 and further correction might need further correction, because the average person's prediction says that btc will only drop to 9000, although no one can guarantee that.