What's next for cryptocurrency?

[ethereumhunter]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

Today's cryptocurrencies are working as they should. There are ups and downs, and that is what cryptocurrency is like. The good news is that the bitcoin price has gone back up to the $21k level and while this looks temporary, hopefully, it will continue to keep the price going. I'm not sure if this is the beginning of a bullish period but we can continue to hope that a bullish period will come soon. And another good news is that we are still allowed to buy bitcoin at a low price. Although $21k looks like a price increase, it is still a price worth buying. But if you want to wait for the price to go below $21k, you can wait and delay buying bitcoins at a lower price than now.

If we should be honest to ourselves, the way btc is moving now is different from what it used to be. I believe a bull run that was supposed to happen has been defeated and seems we moved from bear to another bear. My fear is that we could also continue till another bear. There are many strong news waiting to shake the market the more. The US Congress decision and the proposed regulation of PoW. This isn't a good season for cryptocurrency, if we eventually move from bear to another bear without touching $30k, it means some top altcoins might not survive this time around.

Short term investors should be vigilant and check out for fundamentals while long term investors should approach the market with DCA.

We don't need to be afraid of another bear because it won't last forever and will be replaced by a bull and that's when we can get big profits after we use this moment to buy more bitcoins. Even if there is a decision by the US Congress and proposed PoW regulation, it will not stop bitcoin's movement again because it is natural for the US to want to try to control the movement of cryptocurrencies, but they can't do it forever.

Short-term investors should change their strategy at this point because the market has not reversed to a high price. And even though the price has now returned to $21k, we must remain vigilant because the price can move anywhere.

[adaseb]

I think on Tuesday we should get a good direction of where crypto will head in the near future. Its when the CPI numbers are coming out. We are predicting a CPI change of 0%. So if this number is wrong and CPI goes up 1% again, then we will see massive sell off in all markets such as stocks because it means fed increasing rates is not working and they need to hike more.

And crypto will most likely follow this path. Summer is over and the markets are finally going to start trending now, question is which way.

[Xampeuu]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

I guess no one knows yet if this is the last bearish season. it certainly doesn't hurt to buy a clear asset for now, for example bitcoin, ethereum or bnb, by choosing crypto I think there is no more worry even though the crypto market will go down again and we actually get a better price to buy, because later the market will be able to recover and I am very confident with the above three coins to place assets there

[kamvreto]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

I guess no one knows yet if this is the last bearish season. it certainly doesn't hurt to buy a clear asset for now, for example bitcoin, ethereum or bnb, by choosing crypto I think there is no more worry even though the crypto market will go down again and we actually get a better price to buy, because later the market will be able to recover and I am very confident with the above three coins to place assets there

sure and surely the market will recover. bear market as it is today should be utilized to the fullest by buying some potential assets as you said and for sure bitcoin is the main choice. cold money ready and use the money for long term investment in crypto. Bullish will come soon and will provide benefits for those who are patient and hold their assets.

[Cryptornd]

of course. i think upcoming months weeks will be huge for cryptocurrency sector . BTC dominance is also getting lower . that means huge altcoin pump may incoming sooner than we think.  and the Ethereum merge is also ready . that means there will be a huge demand for Ethereum  too. and also keep in mind that October was a bullish month for many times. investors are investing in many of altcoins and other major cryptocurrency such as Polkadot , Ethereum  and bitcoin. market is getting bullish. this may a good chance for investing. good luck.

[YOSHIE]

What do you think about today for cryptocurrency?

If you are asking about trading, yes, today and the past few weeks, crypto is a moment worth considering in trading.
For example:
In the 24-hour Bitcoin price change method, Bitcoin valued at $21,199 has now turned into $21,760, meaning you have pocketed a profit of $561/Bitcoin, if you trade and have assets 1-3 Bitcoins, in general you have made a profit of $1,683/BTC, I think crypto is currently, if you consider trading daily/hourly it's the right move.

What do you think,is it the beginning of a bullish period?

I have not been able to draw a conclusion/optimistic about the current crypto/Bitcoin market, my thinking is not the beginning of the current fortress market, I tend to believe more in the simulated crypto market, fortress not yet, however each of us has our own understanding of the current crypto market.

Looks like a good correction in a positive direction

Of course, every one of us has corrections regarding the crypto market, Bitcoin or other crypto types, the bottom line: positive thinking is something that is ingrained in every individual, confident, committed and professional, especially in assessing the current crypto price.

[Digital_Lord]

We cannot test crypto based on unique day calculations but i just think that if we take a look over erstwhile history then it will be clear that at past there was also bad reputation of crypto market and multiple of users had lost gargantuan amount so it is marked that crypto sometime suffered from bad experience but it will reclaim very promptly in my opinion just in a singlet year.

[jostorres]

There will be nothing going on today and tomorrow because we are still in the bear season, so there will be nothing special going on. Don't expect a bull run to happen this year as things are still chaotic out there. In a bull market, there will always be corrections and in a bear season there will always be slight rallies, so don't try to look for the growth to fall into these price traps. The best thing to do these days, don't invest in altcoins, if you have money then collect more bitcoins every day and hold until the bull season comes.

You are actually right, I see some altcoins going up most especially this luna, but as we all know everything moves as bitcoin moves. But it is still a deep trap to invest in those altcoins even as the show good sign. Bitcoin is the only way of not loosing your money in this bear period

That's becoming a signature for btc, that it controls the whole crypto market. Btc did rise from 18k to 21k now but that is not the main reason on why lunc have also increased. What happens there is only a co-incident because the truth is that lunc team proposed a tax burning feature.

I think that is no different to the burning of supply and we all know what can happen once the massive supply of a coin is being cut down, yes that's right the coin's value can also rise as it can become more scarcer. For the OP's question if what is next in the cryptos? Well, now that btc is rising and some top coins are also doing the same thing, I think this will be the start of a bull run.

[Issa56]

Trust me, the price will always be in both directions (up and down) and that is why bitcoin is called a highly volatile asset. Speculators can always predict what will happen in the future, but none of them can guarantee when it will go up and when it will go down.

I believe that the right advice for anyone is to respond wisely to all market conditions. There's no need to rush into making an entry, we can still be patient for something that gives us a good chance. Even if people think something very bullish, but I expect the bears to continue longer.

You know the problem, most newbies don't know much about cryptocurrency, they just hear people talking about it and they also decided to buy coin, mostly they hear people saying good things about bitcoin so they always think it's like that, have seen someone introducing crypto to his friend and he was saying the guy will never lose money, funniest part is that he wanted his friend to be trading futures, I was just shaking my head because I know at the end the guy will really be disappointed because he will definitely lose money, most newbies believe if you guy a coin you will be in profit immediately and they don't know market will go up and will come down.

[ololajulo]

Trust me, the price will always be in both directions (up and down) and that is why bitcoin is called a highly volatile asset. Speculators can always predict what will happen in the future, but none of them can guarantee when it will go up and when it will go down.

I believe that the right advice for anyone is to respond wisely to all market conditions. There's no need to rush into making an entry, we can still be patient for something that gives us a good chance. Even if people think something very bullish, but I expect the bears to continue longer.

You know the problem, most newbies don't know much about cryptocurrency, they just hear people talking about it and they also decided to buy coin, mostly they hear people saying good things about bitcoin so they always think it's like that, have seen someone introducing crypto to his friend and he was saying the guy will never lose money, funniest part is that he wanted his friend to be trading futures, I was just shaking my head because I know at the end the guy will really be disappointed because he will definitely lose money, most newbies believe if you guy a coin you will be in profit immediately and they don't know market will go up and will come down.

Everyone was like this at the beginning in the space even Satoshi don't have the full knowledge of the market's economic in 2009 but what did we do at this time? I wont recommend all I did to reduce the mistake, I will only tell people what I would have done better. I will recommend every newbie to get sincere mentors with 2 cycle experience in bitcoin especially here and twitter. Follow and read all there writeup to understand there positions, readup what u dont understand and ask question. Then divide your fund into at least 10 then gradually position yourself

[crzy]

We cannot test crypto based on unique day calculations but i just think that if we take a look over erstwhile history then it will be clear that at past there was also bad reputation of crypto market and multiple of users had lost gargantuan amount so it is marked that crypto sometime suffered from bad experience but it will reclaim very promptly in my opinion just in a singlet year.

Bad news about cryptocurrency are very normal, some are true but most of those news are just a fake one to create fud and make the market dump. If you are new to this market, you might get panic because of that news but if you are already here for years now, most probably you don’t care anymore with those news. The next trend for sure will be a good one, after this bear for sure a strong bull will emerge and that is a good opportunity for us to make some profit again.

[TelolettOm]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

This is a positive trend and the market is getting better. We can see that most cryptocurrencies are experiencing green charts, and rising prices, and yes we are very happy with this. At least, we can take small profits for our short-term investment.
But be careful, I am not sure that these positive trends will last longer and this is probably not a sign of a bullish era. Because it is too far from the bullish period.
We may see this only as a positive market trend and will be probably market correction again some few days later. So, just prepare what we can do to face the next market correction.

[andriarto]

We cannot test crypto based on unique day calculations but i just think that if we take a look over erstwhile history then it will be clear that at past there was also bad reputation of crypto market and multiple of users had lost gargantuan amount so it is marked that crypto sometime suffered from bad experience but it will reclaim very promptly in my opinion just in a singlet year.

Bad news about cryptocurrency are very normal, some are true but most of those news are just a fake one to create fud and make the market dump. If you are new to this market, you might get panic because of that news but if you are already here for years now, most probably you don’t care anymore with those news. The next trend for sure will be a good one, after this bear for sure a strong bull will emerge and that is a good opportunity for us to make some profit again.

indirectly we have to know the characteristics of the market, by following the flow we can take advantage of opportunities well. just like when the market is in a bearish season, it means we are looking for a place to place a pending order and can sell it when the bullish season arrives. therefore remain calm and think clearly and patience is needed to respond to market volatility.

[suzanne5223]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

This is a positive trend and the market is getting better. We can see that most cryptocurrencies are experiencing green charts, and rising prices, and yes we are very happy with this. At least, we can take small profits for our short-term investment.

From my perspective, I believe the season when crypto investors ought to be happy is when the market is bearish because of the opportunity it creates but in this current market people are only happy when the market is bullish and complain when there's a bear instead of making using of the opportunity that comes with it

But be careful, I am not sure that these positive trends will last longer and this is probably not a sign of a bullish era. Because it is too far from the bullish period.

Bullish is just a short-span momentum to complement the loss people have experienced during the bear market.

[AnonBitCoiner]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

It was a fake pump and today Bitcoin sudden down show that market is very weak and investor are not interested in buying Bitcoin now. Bull season has not been yet started and we have to wait some more months or wait for two or three good news in market. It can take 1 years. 2023 can be bull years for crypto market.

[_BlackStar]

If you are asking about trading, yes, today and the past few weeks, crypto is a moment worth considering in trading.
For example:
In the 24-hour Bitcoin price change method, Bitcoin valued at $21,199 has now turned into $21,760, meaning you have pocketed a profit of $561/Bitcoin, if you trade and have assets 1-3 Bitcoins, in general you have made a profit of $1,683/BTC, I think crypto is currently, if you consider trading daily/hourly it's the right move.

Whatever the market conditions, I think crypto trading, especially bitcoin can be considered. I don't think we can always talk about big funds that can buy 1-3 bitcoin at a time and make huge profits, imagine if they only had $10 to $50 and would they make a decent profit? So Under these circumstances, long term investing is better than day trading or scalping, but of course there are other strategies and options to profit even if the current market conditions are bearish.

I agree with some of the comments above after I read one by one. Bitcoin has two directions and anyone who knows how the market works can make a profit too. It's certainly not only about long term investment, spot trading, but futures trading can also be considered if they can understand strategy and analysis well.

[teddybear]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

Of course now the market is on the track but just a period of time...

In my point of view the market continuous to fall after a while, it's just a short break to enter bears in to the market..

Be careful friends...............
 

[coinerer]

I might not be correct, but from my analysis and my observation, I think this is just a pump and it's going to dump again, Bitcoin is not really strong to continue going up am sure it's going to dump again, I think what happen last few weeks is about to happen again when bitcoin hit $25k and dumped back to $18k, I think day traders should be very careful in this zone because anything can happen at any moment. Am sure bitcoin will dump more but no matter the dump, Bitcoin Will definitely recover back so nobody should panic, if you already bought bitcoin then you can hold, don't sell because it's dumping, don't sell your precious bitcoin, the best thing is to top your wallet with more bitcoin during the dump and wait for for the bounce back.

Trust me, the price will always be in both directions (up and down) and that is why bitcoin is called a highly volatile asset. Speculators can always predict what will happen in the future, but none of them can guarantee when it will go up and when it will go down.

I believe that the right advice for anyone is to respond wisely to all market conditions. There's no need to rush into making an entry, we can still be patient for something that gives us a good chance. Even if people think something very bullish, but I expect the bears to continue longer.

A few days ago the price of Bitcoin rose to a little over $20,000 to $25000 but it did not sustain and from there the market reduce again. So there is no opportunity to call the market bullish. The future of cryptocurrency is good but the market needs a long time to recover from this situation. Nothing can predict except long term thought.

[Hamza2424]

Nope i cant say anything to the Cryptocurrency but definitely i can say many things on the BTC as after the accumulation period there is going to be a very aggression bull trend as to the Last ATH that period will be the distribution period as profit booking for the whales and after that we can positively move to the correction zone and then boom a very good pump and a new ATh can be expected. 

[ItsCrafty]

We are not seeing positivity in the situations of crypto market yet but we are hoping that it will eventually give allowances to those who have made some investment in fruitiest coins, but those who have marketed their coin at deficit price so they have shed great source of income due to trouble in their mind. During lowest period everyone have fortitude in order to receive their wishes.