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Author Topic: Current market conditions  (Read 444 times)
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December 26, 2020, 08:46:23 AM
 #21

Personally I am surprised with the market turnaround today as against the usual trend. Generally this month has been good for cryptocurrency and this is a pointer to next year being a more profitable year with a mix of declination. As it is now, would you suggest that we will end the year in green or we have more pull backs.?
Share your opinions.

I think a big part of the hype we see lately is due to the corona vaccine being finally around and mass produced. A lot of countries already use the vaccine. There is finally light at the end of the pandemic. We can move on and hope that 2021 will bring us back to a normal life. In my opinion the rally should continue next year.
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December 26, 2020, 08:51:46 AM
 #22

I think a big part of the hype we see lately is due to the corona vaccine being finally around and mass produced. A lot of countries already use the vaccine. There is finally light at the end of the pandemic.
This is not true imo. The year has been good for Bitcoin and Ethereum even amidst the pandemic, only traditional institutions were affected by covid-19 pandemic and should be glad that vaccines are on it's way, but as with Bitcoin and Eth, they both weathered the storm of the pandemic and have been on a strategic rise from th beginning of the year, down to this point were Bitcoin has crossed the atm and ethereum would possibly surpass it's own ath by next year.

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December 26, 2020, 09:02:52 AM
 #23

My skeptic mind is very active. If bitcoin is enjoying the liquidity, ethereum also should. There is no point Bitcoin can be sold that Ethereum cant,  OTC or elsewhere,Grayscale is the only institution that had such a great interest. I know the expected price of bitcoin demands a very big strategy that will need hoarding and institutional attraction. The institution must have been convinced with a profit in mind, the fund been risk is damn high and how exchanges saw such a withdrawal to be transfer through OTC

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December 26, 2020, 10:54:34 AM
 #24

Personally I am surprised with the market turnaround today as against the usual trend. Generally this month has been good for cryptocurrency and this is a pointer to next year being a more profitable year with a mix of declination. As it is now, would you suggest that we will end the year in green or we have more pull backs.?
Share your opinions.

i really think that this year will end in green as of now the Bitcoin's price break the $24,000 mark that's really a good sign that the price of the Bitcoin will continuously going up and I really think it's really a good year for all of us.

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December 26, 2020, 11:03:37 AM
 #25

I am as well as the opening post quite surprised by the crypto market that is happening now, especially with the increase
in the price of Bitcoin which could exceed the all time high that occurred in 2017. This is the best month of December and
I hope for the altcoins to rise soon as well as reach the ATH price. I believe the end of this year will end with green market
conditions, and also I believe that next year will be a better year than 2020.

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December 26, 2020, 11:51:55 AM
 #26

Most likely, by the end of the year, there will be no correction of the cryptocurrency market, and I think that correction will most likely begin in January, so at the moment it is not worth investing in cryptocurrencies and it is better to wait until the correction starts in order to buy cryptocurrencies at low prices.
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December 26, 2020, 12:13:46 PM
 #27

There are still 5 days left. I don’t know if Bitcoin will exceed $30,000. Of course, this is just thinking about it. The possibility is not too high. As 2020 is about to pass, I think the market will become more crazy in 2021. 2020 is 2016. I don’t know if there will be a bull market like 2017 next year. I look forward to 2021.

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December 26, 2020, 12:28:32 PM
 #28

No matter if we see a green or red candle at the end of the year, we have a big chance to see the crypto market are in the green candle in the next year. The possibility to see that still wide open because bitcoin is showing a good trend by increasing the price, and although the altcoin price does not rise so high, some altcoin can lift its price to a high price. It will soon have more chances to increase higher, especially if the altcoin season comes.

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December 26, 2020, 12:38:28 PM
 #29

There are still 5 days left. I don’t know if Bitcoin will exceed $30,000. Of course, this is just thinking about it. The possibility is not too high. As 2020 is about to pass, I think the market will become more crazy in 2021. 2020 is 2016. I don’t know if there will be a bull market like 2017 next year. I look forward to 2021.
2021 may be different or not exactly the same as 2017. I am not a crypto expert nor a reliable advisor. this is only according to my prediction that Bitcoin may exceed its highest selling value in the coming year. but whatever it is only time will tell.

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December 26, 2020, 12:56:24 PM
 #30

There are still 5 days left. I don’t know if Bitcoin will exceed $30,000. Of course, this is just thinking about it. The possibility is not too high. As 2020 is about to pass, I think the market will become more crazy in 2021. 2020 is 2016. I don’t know if there will be a bull market like 2017 next year. I look forward to 2021.
2021 may be different or not exactly the same as 2017. I am not a crypto expert nor a reliable advisor. this is only according to my prediction that Bitcoin may exceed its highest selling value in the coming year. but whatever it is only time will tell.
Bro, just about 3 days ago bitcoin was still strugle at $23k and now it's $24.8k. yes of course we cannot determine and predict the price of bitcoin, but the current bullish conditions do not rule out that bitcoin could reach $30k before correction again

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December 26, 2020, 03:36:23 PM
 #31

current market for alt is really bad and most of project hold their agenda not to release when btc still continue to climb

next year maybe good for entry, these wild movement not anticipated for whole crypto trader

to fast on btc, alt hitting new atl everywhere and ppl began to worried after xrp take down

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December 26, 2020, 04:30:02 PM
 #32

The current market conditions are completely different from the previous year, Bitcoin went up and hit new ath several times at the end of this year. Meanwhile, altcoins have only increased by a few%. Bitcoin looks set to be green until the end of the year and hopefully altcoins will follow suit quickly.
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December 26, 2020, 04:37:01 PM
 #33

Personally I am surprised with the market turnaround today as against the usual trend. Generally this month has been good for cryptocurrency and this is a pointer to next year being a more profitable year with a mix of declination. As it is now, would you suggest that we will end the year in green or we have more pull backs.?
Share your opinions.

For me, we are gonna end this year in green and probably, more green to come before the middle of next year.. Btc is now more popular than ever.

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December 26, 2020, 04:52:31 PM
 #34

Personally I am surprised with the market turnaround today as against the usual trend. Generally this month has been good for cryptocurrency and this is a pointer to next year being a more profitable year with a mix of declination. As it is now, would you suggest that we will end the year in green or we have more pull backs.?
Share your opinions.
The market condition lately has been following a trend; the market goes bullish; then there appears a little price correction and little dump; everyone gets sloppy and boom; there is another bull run and price spike; it has happened 3 times already and has pushed bitcoin above 25000$ already with each support level breaking in for a pump. The question is, will it continue ?
No one knows whether this will continue in the next year but I read a lot that there is a very good market movement this year, many predict that next year the market movement will be even better but that is only a prediction.

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December 26, 2020, 06:39:00 PM
 #35

We are just closing the year with 5 days left so i do not think that there will be major breakouts in this time. I am bullish about the market for mid and longterm but these few days im expecting market to be a bit slower than normal.

what do you mean slow? I think the market is moving very fast now (Market Cap increased 5.59% today) and if market conditions continue to increase like this until January 2021, then I am sure the bull run will really happen, because for now not all cryptocurrency whose prices increased very high (only the price of Bitcoin and some altcoin in the top 100 coinmarketcap), so I believe that in 2021 all cryptocurrency prices will increase very high as happened in 2017.

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December 26, 2020, 11:03:07 PM
 #36

I believe that we are going to end market even with more ath of cryptocurrency.till yesterday, i wasn't sure about what may happened at the end of the year but today bitcoin about to hit almost $27k, which makes me surprise.even market is still bullish for cryptocurrency. i think this crypto industry will going to surprise us again by raise more with a fews day. Although every currency aren't going to follow the same pattern
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December 26, 2020, 11:29:34 PM
 #37

I think we have more pull backs at the end of this year.because i can see, the market Condision of cryptocurrency isn't good.only bitcoin is moving so fast like rocket and almost 90% crypto are dumping.if bitcoin continue to going forward, we may see more dump in Crypto market.the chance is pull back cause people are selling alt. And buying bitcoin, that isn't a good signal for altcoin market.

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December 26, 2020, 11:42:56 PM
 #38

The current market condition is good, many crypto prices are growing fast. If Bitcoin price continues to rise up, I am sure the crypto market will be getting better. However, it doesn't guarantee if your assets to double the value. For example, you can see Ripple (XRP), it is worse. Even crypto market is in good condition, its value is decreasing a lot. So, be careful of your crypto assets.

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December 26, 2020, 11:46:22 PM
 #39

I believe that we are going to end market even with more ath of cryptocurrency.till yesterday, i wasn't sure about what may happened at the end of the year but today bitcoin about to hit almost $27k, which makes me surprise.even market is still bullish for cryptocurrency. i think this crypto industry will going to surprise us again by raise more with a fews day.
what can happen on the last days of this year is not important to me . price can go down but the new record will not be taken anymore . price can go down but whatever , the year is ending and a new year awaits us just in a few day . new year = new begginings   .

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Although every currency aren't going to follow the same pattern
yes sir . not all currency are the same , btc is the coin that is verry far from them . we should plant to our mind that not all past movements of other coins can happen again in the future but if we will only knew the coin deeply we will knew what to expect
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December 26, 2020, 11:51:00 PM
 #40

I believe that we are going to end market even with more ath of cryptocurrency.till yesterday, i wasn't sure about what may happened at the end of the year but today bitcoin about to hit almost $27k, which makes me surprise.even market is still bullish for cryptocurrency. i think this crypto industry will going to surprise us again by raise more with a fews day. Although every currency aren't going to follow the same pattern
It is very hard to conclude if bitcoin will stay, or will go above or below on its current $26K price because we are not so sure if bitcoin will show the same thing that happened in the year 2017 that bitcoin had make a sudden decrease on its price after it reaches its new ATH, and it also affected the whole crypto market. So I think we should just wait and see, what will happen next year of 2021 about bitcoin's next move.

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