bloody market

[LogitechMouse]

is the uniswap airdrop the reason for the bloody market as we can all see?? millions of dollars wer airdrops to over 80k ethereum addresses and more are still being given out for free..

No this isn't the reason why the market dropped yesterday. There is only one thing that I know the reason why the market is falling. It is the stock market only.
Bitcoin and S&P price are correlated and as of this moment the price of S&P is dropping and this somehow affects the crypto market too.

will the market pickup anytime soon?? is it safe to buy ethereum at this price.. ?? or I wait ??

Anytime? Yes it will since it is always a cycle. It goes up and it goes down anytime.
For me, I think it is safe now but I don't know what can happen in the next few days. It can go lower more or the other way around. Read the charts.

[Cnut237]

Crypto is extremely vulnerable to changes in sentiment in traditional markets. This is because crypto - including bitcoin - is seen at present as primarily a highly speculative asset class.

Obviously world markets are vulnerable at the moment as the economic effects of Covid 19 start to be felt. Stimulus measures are temporary and not long-term fixes; the underlying problem still remains, and handouts need to be paid for. We can expect economic turmoil to continue for some considerable time, and markets to remain extremely fragile. For crypto, this means sudden price drops can happen at any time... and it makes prices even more volatile than normal.

[Gozie51]

is it safe to buy ethereum at this price.. ?? or I wait ??

What we see in market is retracement because soon the bull will come back and for etheruem that is selling @ $340 after trading around $420 last month. This is showing that when bull returns, is likely to jump above the recent ATH.

[Surrapatt]

is the uniswap airdrop the reason for the bloody market as we can all see?? millions of dollars wer airdrops to over 80k ethereum addresses and more are still being given out for free..

will the market pickup anytime soon?? is it safe to buy ethereum at this price.. ?? or I wait ??

For the reason I also don't know exactly what it looks like, but we can see the use of uniswap and the increase in the price of UNI tokens, this shows that many people already believe in Uniswap and UNI tokens, and it could be that people sell other tokens to buy. UNI tokens, so maybe it could be true or not, but if you want to buy ETH at this time, I don't think it is a problem, because ETH tokens are tokens that always have value and have better potential every time.

[Pamadar]

UNISWAP cannot be the cause of the market crash. Other markets such as foreign exchange, stocks, gold are all devalued this time, and Bitcoin is no exception. UNISWAP is just a small part of the market and UNI is listed on many exchanges and it is highly liquid with many currency pairs, not just Bitcoin.

I also agree to that, it's not because of this airdrops but it's just a timing for them while everything is down by now.

The market not only crypto but also the stocks are in bloodbath it's too risky to buy if you don't have much deeper understanding with the
current situation, you'll be finding yourself being trapped, wait and observe if you are planning to buy in and hold for both long and short term
plans.

[fuer44]

buy now is a good choice, apart from the uniswap, many factors will make etherum rise higher in the next year. DeFi project is the main strong reason and it could pump up the market early next year.

[Bitstar_coin]

Damn, the whole market is seriously bleeding right now, this is such time that looking at your portfolio is not very pleasant, I mean your portfolio has literally depreciate in value, it is hard but at the same time it is the right moment to go shopping to buy at cheap price.

[kindbtc]

is the uniswap airdrop the reason for the bloody market as we can all see?? millions of dollars wer airdrops to over 80k ethereum addresses and more are still being given out for free..

will the market pickup anytime soon?? is it safe to buy ethereum at this price.. ?? or I wait ??

I think it has nothing to do with airdrop. The market dipped because of technicals if you can asses the charts you will know and also due to the covid19 second wave that is again creating some panic in financial markets but i think this time around effect will be short lived.

[yazher]

This is one of the sceneries on the crypto market that you can see every year it is not because of a certain airdrop. You will not miss to see something like this every time the ETH or Bitcoin price has dropped. maybe one of the reasons is there are lots of people who wanted to convert their altcoins to a certain coins or they just wanted to sold it. Unless we will see some news about this sudden bloody market in a few days from now.

[rahmathidayat93]

I think was something to do with fear on the stock market, yesterday a few Tech stocks went down, and Gold and Silver are also down.
UNI has nothing to do with the drop in Crypto prices.

Obviously, and I think this is very logical too, considering that the price of gold and silver in the past few days has fallen a little more sharply, so it also has something to do with the crypto market which in recent times has also experienced a sharp decline.

[Galley]

Most logically, we can assume that the red market was influenced by the news of the second wave of COVID-19 and the hype around the US elections, and not by the uniswap airdrop.

[ahmia39]

Most logically, we can assume that the red market was influenced by the news of the second wave of COVID-19 and the hype around the US elections, and not by the uniswap airdrop.

That is still a possibility because both of them have not yet happened, but it could also be because assuming it is a logical thing, there is only a little confusion here that in the past the US has not legalized cryptocurrency, but if it has been legalized for now I also don't know, I see also with the second wave of COVID-19, it was not that viral overseas except in Indonesia in general.

[tabas]

Never thought that it's because of the airdrop but it could be.

will the market pickup anytime soon?? is it safe to buy ethereum at this price.. ?? or I wait ??

Yes, yes and yes.
The market is always recovering after the bloody days or weeks. It's safe when the prices are low and you can also wait if you want to.

[wack slacker]

I am used to markets like this.
If we follow the charts like Bitcoin domain, total market cap, bitcoin chart, and altcoin limit chart then we notice that bitcoin price shows signs of going down and the bitcoin domain is resisting.
I have drawn that first of all altcoins have to be sold because the bitcoin domain is moving higher, the altcoin market will bleed. Few people follow these metrics, they are really helpful.
Not only is the crypto market burned, but stocks and gold are having the same problem.
The UNI SWAP is just a market phenomenon, people trade them on exchanges and many currency pairs. It doesn't affect bitcoin much.

[masterrex]

is the uniswap airdrop the reason for the bloody market as we can all see?? millions of dollars wer airdrops to over 80k ethereum addresses and more are still being given out for free..

will the market pickup anytime soon?? is it safe to buy ethereum at this price.. ?? or I wait ??

IMHO, I think it is not related on UNISWAP airdrop, because even the stock market is also in bloody red, I believe it was across the trading markets, and not just happening on the crypto market and If you ask me if it is safe to buy Ethereum now will I think the Ether price is not that expensive to inflect much losses in $342 per Ether I believe it is very reasonable to buy it now. but avoid some expensive Defi tokens because the risk is high.

[Viscore]

OP, you can't JUST  blame UNISWAP for this bloody market because even before, it sometimes the market will bleed as of many factors that makes it. It could be just a coincidence and weak hands started to sell-off their crypto and it can be of big regrets because, after this bleed, the market will turn back healthy. I supposed to buy more while the market is still in the red.

@OP, if you are not afraid to lose your money and had a plan to invest in crypto, don't wait for the market to recover instead, better start it now.

[totoy4741]

is the uniswap airdrop the reason for the bloody market as we can all see?? millions of dollars wer airdrops to over 80k ethereum addresses and more are still being given out for free..

will the market pickup anytime soon?? is it safe to buy ethereum at this price.. ?? or I wait ??

I don't see any reason at all. The market has already been red before the uniswap airdropped. There is always a time that the market will turn red due to some factor and yes it will always bounce back and will make a big run. It has been the scenario since the crypto had been created.

[max6575]

buy when there are blood on the street.... as different trader might consider of one to varies with the initial factors on identification as expecting to gains of difference with the decision on releasing use with possession of risks and resource to work with distriubution of capital.

[escalante28]

Most are expecting that it will be bull run already, but just an upset expectation because as we can see now the market is getting so bloody. If we look at the Bitcoin history in trading there's a CME gap at 9665$ if I'm not mistaken and that gap needs to be filled so no wonder instead of Bitcoin price will go up it still going dump. But let see how it goes this coming week if Bitcoin will fill the gap or will goes pump before. The bloody market has nothing to do with UNISWAP.

[Google+]

buy when there are blood on the street.... as different trader might consider of one to varies with the initial factors on identification as expecting to gains of difference with the decision on releasing use with possession of risks and resource to work with distriubution of capital.

other traders will usually think of the risk behind the price going up or the deeper it collapses and in my opinion traders must be able to accept the risk that is there to be able to get a lot of profit so at least they should be able to have the courage to enter and start buying coins when the price is still cheap like that happened at this time.