Do you think crypto prices will collapse further tomorrow?

[liqidoxgen]

Yesterday and today, the Bitcoin price and crypto prices in general moved rather sideways. However, it is now known that crypto prices behave similarly to stock prices. Since the futures for the S&P and other indices are currently trending much more negatively, it is feared that because of the new Corona variant, the stock markets will continue to slide tomorrow. Do you think that crypto prices will therefore also continue to lose tomorrow?

I don't think there is a direct correlation between the crypto market and the stock market. Most likely these are random coincidences and not a strict system. And the Corona does not affect this in any way.

[bhooscream]

ups and downs are common in the crypto world. the price of bitcoin has fallen several times before bouncing back. however, for now, I don't think that bitcoin will collapse.

Of course, the decrease in price won't make Bitcoin collapse. The current decrease is normal, it is a correction after the big increase several weeks ago. In my opinion, Bitcoin price is starting to increase gradually again. Look at the price of Bitcoin today, it is increasing from $56k to $58k, there is a positive move in Bitcoin price. In the next few days, I think the price will come back above $60k again.

[Vaskiy]

ups and downs are common in the crypto world. the price of bitcoin has fallen several times before bouncing back. however, for now, I don't think that bitcoin will collapse.

Of course, the decrease in price won't make Bitcoin collapse. The current decrease is normal, it is a correction after the big increase several weeks ago. In my opinion, Bitcoin price is starting to increase gradually again. Look at the price of Bitcoin today, it is increasing from $56k to $58k, there is a positive move in Bitcoin price. In the next few days, I think the price will come back above $60k again.

Yes, there is gradual move in the price of bitcoin. This could make changes in the price of altcoins. The price corrections weren't over yet, and there were more positive news to come in the falling month. Every year December there used to be some form of bullish trend. We don't know how things gonna happen this year. If there is year end growth the market will get new high time price.

[RussianEnglishTranslation]

Yesterday and today, the Bitcoin price and crypto prices in general moved rather sideways. However, it is now known that crypto prices behave similarly to stock prices. Since the futures for the S&P and other indices are currently trending much more negatively, it is feared that because of the new Corona variant, the stock markets will continue to slide tomorrow. Do you think that crypto prices will therefore also continue to lose tomorrow?

Frankly, I don't watch the charts any more because I am yield farming on Ref Finance. I make money whether Bitcoin goes up or down. I don't look at the charts anymore and I farm my rewards weekly. I don't work anymore and I don't have any stress. My only worry is smart contract risk but the Ref team has done a pretty good job of managing their platform.

[Kasabus]

ups and downs are common in the crypto world. the price of bitcoin has fallen several times before bouncing back. however, for now, I don't think that bitcoin will collapse.

Of course, the decrease in price won't make Bitcoin collapse. The current decrease is normal, it is a correction after the big increase several weeks ago. In my opinion, Bitcoin price is starting to increase gradually again. Look at the price of Bitcoin today, it is increasing from $56k to $58k, there is a positive move in Bitcoin price. In the next few days, I think the price will come back above $60k again.

Yes, there is gradual move in the price of bitcoin. This could make changes in the price of altcoins. The price corrections weren't over yet, and there were more positive news to come in the falling month. Every year December there used to be some form of bullish trend. We don't know how things gonna happen this year. If there is year end growth the market will get new high time price.

Bitcoin is now showing a positive sign of price increase as it’s slowly recovering from its low price. So if this momentum will break the resistance level of $60k, then hopefully we will witness again another bullish season with a higher ATH. However, if the correction will still continue in the next months, I don’t think this will cause for bitcoin to collapse. It’s not gonna happen in the future, unless there will be a force shutdown of all internet connections which I think is very far to happen. Just keep the faith for bitcoin because we will be making huge profits when all this correction will be over.

[Victorik]

We can't say for sure. Bitcoin is still in a healthy position. The coins in My portfolio have been on the rise generally, except for a few that have been down momentarily. So, except something crazy happens, I don't see a downward trend

[Baofeng]

We can't say for sure. Bitcoin is still in a healthy position. The coins in My portfolio have been on the rise generally, except for a few that have been down momentarily. So, except something crazy happens, I don't see a downward trend

Bitcoin is different though, it's been healthy throughout the year with some minor dips along the way.

As far as altcoins goes, it's really hard to see maybe except those top 10 coins because they are solid in the first place. But for those who is below, it's going to be very difficult to survived because it seems that that market has been saturated already with thousands of coins around to choose for investors.

[SlimShadyMmp]

Put this in the back of your head Just when you are negative and losing your shit crypto comes back in speed and the pump like 50% more and by that time you thought you are wise by tethering My advice is just take profit along the way and leave the rest to ride That way I think it give you a conscious free mind to analyze the market Dont be all in and dont be all out either Stay just clear enough to breathe

[goldkingcoiner]

I think you might find better answers with more technical analysis and detailed explainations if you were to post a topic like this in altcoin speculation, or better yet, Bitcoin speculation (since altcoins seem to follow the main actor, Bitcoin). That being said, I think the weekly is not looking too good. Last week ended with an overshadowing of a large red candle, which indicated to me that the dip isn't over.

[Coin_trader]

Yesterday and today, the Bitcoin price and crypto prices in general moved rather sideways. However, it is now known that crypto prices behave similarly to stock prices. Since the futures for the S&P and other indices are currently trending much more negatively, it is feared that because of the new Corona variant, the stock markets will continue to slide tomorrow. Do you think that crypto prices will therefore also continue to lose tomorrow?

Frankly, I don't watch the charts any more because I am yield farming on Ref Finance. I make money whether Bitcoin goes up or down. I don't look at the charts anymore and I farm my rewards weekly. I don't work anymore and I don't have any stress. My only worry is smart contract risk but the Ref team has done a pretty good job of managing their platform.

This true if you are farming only in stablecoin but if you are providing an LP for a non-stable coin, This is not profitable in the long run if altcoins go down due to impermeable loss.

Bitcoin in long time frame chart is showing a bearish trend which means there's a part in a week that Bitcoin will show a sudden dump and close for a minor recovery. We need a solid gains and closed strong a weekly candle to break this bearish trend.

[traderethereum]

The crypto prices will collapse further tomorrow, run away and save your money without looking back
I am just kidding
Suppose those people think that the crypto prices will collapse in a short time.
In that case, they are wrong because the crypto market is already growing fast this year and will still grow in the future by reaching many people who are aware of how to have a new investment and how they can allocate their money in the right place.
We should hold on tight to our crypto, whatever is happening, especially for our bitcoin, because the crypto market will be back normal like before. However, the price will still be volatile because the volatility is part of the crypto.

[mamesso]

Bitcoin journey throughout 2021 has been quite volatile. When compared to data in 2020, Bitcoin prices continue to rise even very many times compared to the 2021 data. Recorded at the beginning of November Bitcoin managed to reach an all-time high, Bitcoin broke the $68,525 level.
Now Bitcoin price rally is fading a bit, this condition leaves little room for buyers to take some profit.
Bitcoin downturn is only short term (personal assumption), because there is always a positive sentiment that hits the crypto market towards the end of the year.

[Semar Mesem]

Anything can happen, I never thought that cryptocurrencies could last for another 20 years, the development of information and technology is so fast that we must be ready at any time if there is a system that will replace cryptocurrencies.

[masterrex]

IMO, I believe that in the crypto industry everything can happen without expectation, Bitcoin and all other cryptocurrencies are subject to price changes because of their volatilities and I think all of that possibilities are common in this industry so the price dip is part of the system so maybe Bitcoin and other cryptocurrency prices will dip down further in the coming days but definitely, it will not collapse and back to zero.

[asyakashi]

My prediction is that the new coronavirus variant is having an impact on the entire business industry. I'm sure that's not the case in cryptocurrency alone. The stock market is experiencing the same thing. If you ask if crypto will go down far tomorrow, it looks like it will go down but not too far. We've had a lot of bad things in cryptocurrency but we continue to survive so at the moment cryptocurrencies have a lot of support.

[bounceback]

Yesterday and today, the Bitcoin price and crypto prices in general moved rather sideways. However, it is now known that crypto prices behave similarly to stock prices. Since the futures for the S&P and other indices are currently trending much more negatively, it is feared that because of the new Corona variant, the stock markets will continue to slide tomorrow. Do you think that crypto prices will therefore also continue to lose tomorrow?

The stock market is very different from the crypto market, I never thought that the downturn experienced by the stock market would also involve a decline in the crypto market, because previously we saw when the pandemic first hit the world the stock market experienced a significant decline, but the crypto market moved in the opposite direction, so it can be concluded that although a new variant of the corona virus appears now but it will not affect the decline of the crypto market.

[kanayaTabitha]

Yesterday and today, the Bitcoin price and crypto prices in general moved rather sideways. However, it is now known that crypto prices behave similarly to stock prices. Since the futures for the S&P and other indices are currently trending much more negatively, it is feared that because of the new Corona variant, the stock markets will continue to slide tomorrow. Do you think that crypto prices will therefore also continue to lose tomorrow?

It won't be crash in general because the amount of the holder is still have huge amount and the trading volume is still big compared to previous years.
But there will be some coins that will haave their collapse time because the hype is not already there anymore.
Something like memecoins and it's fellows will have a huge price decrease due to hype transition to another hype next year, so for anyone who still holds the hype projects coin, it's the right time to make a decision

[dupee419]

Because of the new variant? I doubt it'll be the reason, this is the 3rd time we encounter a new variant, I'm pretty sure that the effect of the Omicron will later on be well defended considering governments have learned what to do by now, but if not, I still don't think it'll be a negative effect for the whole market.

[slaman29]

Put this in the back of your head Just when you are negative and losing your shit crypto comes back in speed and the pump like 50% more and by that time you thought you are wise by tethering My advice is just take profit along the way and leave the rest to ride That way I think it give you a conscious free mind to analyze the market Dont be all in and dont be all out either Stay just clear enough to breathe

It can just as easily go the other way too, though. We've all seen crypto do -90% in a few months, and that's talking about big ones like ETH, not to mention -99% for smaller alts.

So if you don't want the headache of worrying about crypto collapsing, then trading isn't for you (and in this way it isn't for 99% of people).

Why not just buy a little every time you can afford it and hodl?

Guaranteed regular breathing, I tell you

[eXtremal]

The end of the year to the beginning of the year is usually a negative market for cryptocurrencies I feel the current correction is a natural thing. But I'm confident that next year's correction won't be as severe as 2018. We know that the worst history of cryptocurrency is the bull market of 2018.