What Is Really Happening To The Market?

[aaaxn]

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

DeFi hype wasn't the reason for the pump in the prices of cryptocurrencies, and the most probable reason for the dump in prices can be the stock market crashing right now and all of us know that the Cryptocurrency market also mimics the stock market in trends. The fall can be because of a lot of reasons:

1. The GDP of every country is falling which show economy isn't performing well and hence the fall in stock and Cryptocurrency prices.

2. The border wars between India and China and America coming in support of India. In response to which China is selling the bonds and cutting it's reserve of US bonds.

Open to hear other's opinions.

I noticed that you write literate things and decided to ask you. I have heard that owners of large assets (even States or large investment funds) can withdraw fiat money (their assets) through crypto, and this also creates a kind of market upswing. Could this be true? Thanks!

[Miaallen]

It has been hard to predict what happens or not in cryptocurrency rise from the start. The current falling happening is already expected, may be not at the moment but many of already knew the prices would fall again and it's already happening.

[pixie85]

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.

6 thousand was an opportunity you've just missed this year. If you're bearish you will consider yourself lucky if you manage to buy for 8 ever again.

If will back bitcoin price $5k then i will buy to happy but my opinion this opportunity never possible in this year.

Then it seems like you will never own any Bitcoins

[Ryker1]

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

Well, you need to accept the fact that the crypto market is unpredictable, -- every time it will fluctuate the price either up or down. But now, it is quite sad to see the market prices are bleeding too much, but let us think this is only a heavy correction which is after a month again it will come back to the bull trend and everyone will yell again. Just hold as long as you can, better to accumulate at this time than you are in panic selling.

[posi]

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

It logical mate cause when the market is in bullish momentum the important players are the whales so using market analysis is unnecessary cause a single whale decision would change the market trend. However, the best thing to do is to follow the whales movement and make it productive.

[Untomabur]

Cryptocurrencies are really cruel, you can lose 100% of your money in just a few minutes, especially in this market condition,
it's still not yet understood, many altcoins that used to go up 100% are now down again 100%, terrible

[kevinzxz]

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 agree with you that currently the price of cryptocurrency is very difficult to predict, because in just a few days the price of cryptocurrency has down very much, but this is an opportunity for us to buy more cryptocurrency and hold, because if the price of cryptocurrency increases again then we will get a big profit from buying and investing in cryptocurrency for now and I advise you to buy BTC, ETH, CTSI, LINK and BNB.

[todiefor17]

The market has grown at a fairly high rate and they need adjustments and the DEFI projects are growing fastest of all. Investors took a profit-taking move and the scam DEFI projects ended up selling off the tokens they had mined.
I see that downtrend is just beginning, the market will purge bad projects again.

[Fredomago]

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

Hold up there, mate.
5k? Meh. Unless we get massive dumps soon though but for Bitcoin that is just a slight chance.
For now let's take it that BTC is at its "stabilizing" moment. Don't sell your coins right now, because whales might eat it after you throw it.

Whales who created this shake will surely eats up every coins that will thrown from this dumped, they will continue accumulating
knowing that the value will bounced back. They are good with emotions and sentiments, be very observant to avoid losing your money.

About the Defi hype, I don't think it has any connection to Bitcoin in its increase.
It is just Bitcoin being Bitcoin itself.

Maybe there's some but not that much to completely affects the actual sentiments of bitcoin market, don't be bothered
by news do your research to lessen your fear with this current situation.

[Kez1817]

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

There's no changes, it's normal in the market to have increase and decrease. The pump happened last month is because the demand increasing and many people work in crypto and now maybe they hold their coins and the whales are also working on this dump but instead of just looking the market why not grab this good opportunity to buy because for sure one they market will bounce back again. Who knows, and always remember crypto market are volatile.

[unusualfacts30]

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

There are other major events happening in the global financial world that weren't happening in 2017. That of course effects bitcoin and altcoins in many different ways so you have keep an eye on everything and not just bitcoin price. It could've been defi hype but not really. For defi hype to happen bitcoin has to rise so which happened first? it was definitely not just hype that caused the mini pump and there is more to it. Some of these defi tokens even claimed that they weren't effected by btc price. they were the first one to dump in the market.   It's a good thing and you can see for yourself which one of them is going to be strong.

dont trust what they claim put them rigorous test. whats a better test than btc mini dump and see how long your favorite defi token lasts.

[target]

Its gonna be interesting to see BTC drop to $5K again and the defi projects fly up like how the YFI did.
There were several reasons I've read about what really is happening like the miner's exit to which they are selling it for a low price so new miners will not get ROI and eventually close down. The only reason some find it sensible is that what goes up must come down, I guess this is just investors taking profit and then reinvesting again after.

[Zeehaxan]

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

Fundamentally and technically i am still bullish and if you can hold till 12 to 18 months more i am very sure that you will be sitting at multifold profits by then, the market keeps testing the hodlers with dumps so just stay calm and market will be back.

[diskodasa]

Its gonna be interesting to see BTC drop to $5K again and the defi projects fly up like how the YFI did.
There were several reasons I've read about what really is happening like the miner's exit to which they are selling it for a low price so new miners will not get ROI and eventually close down. The only reason some find it sensible is that what goes up must come down, I guess this is just investors taking profit and then reinvesting again after.

I don't expect Bitcoin price to drop because if this happens then the whole crypto market will surely be affected a lot and investor sentiment will change. Given the current situation I hope the uptrend will persist as this is for the best of the market. One more thing, when the market rises, the DeFi projects will attract more investors and this is a good opportunity for you to make more profits.

[kerjakuat]

Its gonna be interesting to see BTC drop to $5K again and the defi projects fly up like how the YFI did.
There were several reasons I've read about what really is happening like the miner's exit to which they are selling it for a low price so new miners will not get ROI and eventually close down. The only reason some find it sensible is that what goes up must come down, I guess this is just investors taking profit and then reinvesting again after.

I don't expect Bitcoin price to drop because if this happens then the whole crypto market will surely be affected a lot and investor sentiment will change. Given the current situation I hope the uptrend will persist as this is for the best of the market. One more thing, when the market rises, the DeFi projects will attract more investors and this is a good opportunity for you to make more profits.

I would say Defi projects was make a lot of new investors loss their money and make the market bleeding again so soon as the hype of Defi will attract a lot of scammer to make a scam project that lead to new investors losing their money and what most surprises even Binance do list scam project in their exchange.

[(o)(o)ilikeboobs(o)(o)]

The market is just going the way it is going. Going too high will have to adjust down. There is no market going up forever, US stocks have had to decline recently, and so has gold. After the current correction, the market will continue to go up.
We should take all the risks and have the right strategy to overcome them, not putting all the eggs in one basket.

[aryana42]

I would say Defi projects was make a lot of new investors loss their money and make the market bleeding again so soon as the hype of Defi will attract a lot of scammer to make a scam project that lead to new investors losing their money and what most surprises even Binance do list scam project in their exchange.

Hello, work hard, it seems you need a deeper understanding of DeFi, because basically DeFi is not a scam so the Binance exchange wants to accept DeFi tokens to be placed on their list, and once the DeFi trend rises, scammers take advantage of this condition to create fraudulent projects that on behalf of DeFi, thus giving birth to DeFi tokens that are scam as you say, meaning that not all DeFi tokens are scam, so if you consider all DeFi tokens a scam, I think you are wrong in this regard.

[djmixen]

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

No one can explain to you the exact happening in the market. Don't you know that the market was too unpredictable,
and that's because of volatility no fixed value remains. Even the experts couldn't say perfectly about the situation happening in the market too.
I also don't believe that is because DEFI of course not!

[bitzizzix]

I would say Defi projects was make a lot of new investors loss their money and make the market bleeding again so soon as the hype of Defi will attract a lot of scammer to make a scam project that lead to new investors losing their money and what most surprises even Binance do list scam project in their exchange.

Hello, work hard, it seems you need a deeper understanding of DeFi, because basically DeFi is not a scam so the Binance exchange wants to accept DeFi tokens to be placed on their list, and once the DeFi trend rises, scammers take advantage of this condition to create fraudulent projects that on behalf of DeFi, thus giving birth to DeFi tokens that are scam as you say, meaning that not all DeFi tokens are scam, so if you consider all DeFi tokens a scam, I think you are wrong in this regard.

We have to learn from previous experiences, Defi is currently a trend and we must remember ICOs, which all started well and were profitable.
And as time goes by, many new projects have sprung up that end in scams that make investors or something else don't trust them, and there's nothing wrong with staying vigilant because of experience and not necessarily all Defi tokens or projects are scammers.
it is better to study and understand it in great detail before engaging in it because it is deceived or not depending on our intelligence in choosing and judging.

[CoinThinker]

The bullish game has started, you can see it from YFI or many others but mostly in the Defi part and Ethereum blockchain tokens, but i think it should have a pull back and then rise agin because of the power of USD which is increasing .