What's next for cryptocurrency?

[Silberman]

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

People need to understand that bull markets are not as common as they think they are, people got very excited about the few positive days that we got to see and then they began to imagine that this was the beginning of a very positive trend only to be proven wrong just a few days after it, so it is important that people lower the expectations they have about this market somehow skyrocketing during the next weeks or months, because that is simply not going to happen no matter how hard they wish for it.

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[TimeTeller]

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.  

Great that you have positive outlook towards btc, and I believe, a lot of holders are also hoping such situation will happen.
But with most alts, I also feel that a lot of them will be abandoned by their respective devs.
This is the dilemma for most alts, they come and go in this market, so you need to be careful in touching them.
Only few of them, probably only the top alts, will survive long along with btc.

[justdimin]

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.

I would guess that these type of drops and recoveries will happen for a little while longer. Before every bull the market tests how hard it would be to go over that first bump, because that is the hardest part of it. We have been here for a very long time, which means that going from 20k to 30k is much much harder than going from 30k to 40k because there wouldn't be any big moving walls there, not as big as the current ones at least.

This is why I imagine that we keep testing it to see the power of it, the standing walls are known already but it moves and gets added and so forth and we see that with these tests and calculate. When the time comes, we will break over it easily because we will know how to.

[Flexystar]

First I thought this post was about the next gen crypto currency usage, such as inter galactic usage of crypto and stuff like that. However it turned out to be just normal how much worth it is and whats the next trend bear or bull. Well, this is question asked everyday, I believe that to answer this one needs to analyze their own statistic of the portfolio. For example, X might have bought their portfolio when it was at its highest rate while on the other hand its possible Y might have bought it at it's lowest. It's thinkable that both of them are not on the same page at the current price/trend. So it does not really matter where crypto is going to be, all it matter where do you really stand in all this?

[Lanatsa]

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.

We should really bare up into our minds that not all the time we would really be seeing greens into this market in regarding with the price.There's always a time where bear and instead of freaking out then it would

be better if to see this situation as an opportunity rather than on being a threat.If you do keep yourself been stressed out or worrying about the next movement then it would really be a never ending journey.

This is why its much more important if you do set out particular actions on short term basis for you to utilize these movements and make profits whenever the market will make out some recovery.

[danherbias07]

It became a short-term pump.
The same perspective as before, do not expect too much even if it goes to $30k. There's a chance it will go back down as traders and short-term investors are trying to make profits out of it.
It's a good thing for traders to accumulate more funds but you have to know the selling point.
Regarding the upward trend, it may not even happen in 3 more months. All eyes are on Ethereum now.

[arwin100]

What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

What kind of beginning of the bullish period are we talking about? The fact that bitcoin was growing for 6 days in a row, apparently became a reason for some people to believe that the market is now bullish and now everything will only rise in price. It's funny. Open a daily or weekly chart of bitcoin and you will see that we are still inside the bearish global trend. Open the financial markets and crypto news roundup and you will see that fundamentally there is no positive sentiment for liquidity to flood the markets again, thanks to which pumps will occur. Why do people suddenly see the beginning of a bullish period or the emergence of a new trend? Nothing more than self-deception and just personal expectations.

People believe its bullish time because some people hype up and condition there mind that bull run is happening, maybe some of it do this on purpose so that their position will get hit so for newbies they need to be careful on what they are doing especially if they don't know how to figure out the trend. And its good advice to always look up the chart because it can give us the possible scenario on the market.

[rozak]

I still can't see anything better than the current crypto market. even the movement of bitcoin is also not a good trend.
for the next few weeks, I think this market will tend to be more stable. but it is also possible that a short pump will occur. but it is only a small movement and the value will be corrected again.
I hope the altcoin season will come soon. in the current state of Bitcoin, it may be difficult. but when demand for altcoins is greater, it is also possible that some altcoin assets in the market will get a pump.

[Nrcewker]

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 can’t say about other coins, but Bitcoins are really looking good at the current price.
Currently Bitcoins are at a best price, where you can buy ample of Bitcoins. Once Bitcoins start gaining it’s pace, it won’t stop until it reaches it’s all time high price.
So if you don’t want to regret later, then buy as many Bitcoins as you can. This is my just a small piece of advise. Rest is up to you.

[South Park]

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 can’t say about other coins, but Bitcoins are really looking good at the current price.
Currently Bitcoins are at a best price, where you can buy ample of Bitcoins. Once Bitcoins start gaining it’s pace, it won’t stop until it reaches it’s all time high price.
So if you don’t want to regret later, then buy as many Bitcoins as you can. This is my just a small piece of advise. Rest is up to you.

Some diamond hands will argue with you that buying bitcoin at any price is a good move, and if we take a look at the history of the price of bitcoin then it’s difficult to argue against their logic, it’s just that not everyone is ready to do something like this and as such it's better they wait until the price is more affordable, which is exactly the circumstances we’re watching right now, so if someone has some spare cash then this can be a great opportunity to get some cheap bitcoin.

[lalabotax]

So,friends
What do you think about today for cryptocurrency?

As we can see, the crypto is still experiencing the bearish era, and this is still not ended. Sometimes, the market is getting better by increasing several percentages, but after that, the market still faces dropping and market correction. And just so so, like this.

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

Not yet.
Be patient mate, You may see a longer bearish seasons in this era. However it is still at the beginning to middle bearish period. However, this may have little bit chance again at the end of this year, maybe it will ahve litle bit increasing. But,just be patient and be concistent in the crypto industry, no need to panic because this panic will only harm you.

[Mpamaegbu]

You can resize your picture and still retain the import of the message you want to pass across. It doesn't make it very easy to view for those reading from mobile phones and with small screen space.

By the way OP, what makes you think price will go up and hit the blue line before crashing to touch the red line from the analysis in the picture you've there? Any pointer? Putting those arrows that way says you don't think it could get to the red first to gather support before soaring to the blue line. Remember that we're in a speculative industry.

[blockman]

People believe its bullish time because some people hype up and condition there mind that bull run is happening, maybe some of it do this on purpose so that their position will get hit so for newbies they need to be careful on what they are doing especially if they don't know how to figure out the trend. And its good advice to always look up the chart because it can give us the possible scenario on the market.

Whenever we see a small pump, we anticipate that it's already bullish time but it's not. We seem to be grateful for those small pumps then followed by a big dump.
But I like what I'm seeing here from now on that bitcoin is showing its support. Although, I'm not confident that it's likely that it may show a little over support in due time whatever the market permits to happen. Just ride this roller coaster for long and whoever stays will be the ones who will be rewarded.

[Lanatsa]

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

No one knows.

We do have upcoming events or news which im trying out to expect that there might be some further dips specially on huge sell off into those creditors of Mt.Gox.
You could anticipate that there might be some decline if there would be some sell off.

we dont see any positive sentiments or news that do correlate out on bullish movement of the market but no one really knows
or could really be predicted on where these things will be going.

[Zilon]

What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

Even if prices keeps moving higher it will take a while to draw a complete conclusion on what direction the market is finally heading. If its bullish correction then there will be series of consecutive higher highs made for every support and resistance formed and the opposite if a bear market persists. As of today Bitcoin price is trading below $20k so telling which direction the market will make now is difficult

[deathcode]

What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

Even if prices keeps moving higher it will take a while to draw a complete conclusion on what direction the market is finally heading. If its bullish correction then there will be series of consecutive higher highs made for every support and resistance formed and the opposite if a bear market persists. As of today Bitcoin price is trading below $20k so telling which direction the market will make now is difficult

it would be difficult to see the current situation. the market is in a downtrend and most likely this will hold Bitcoin.
if you expect a bull trend, it looks like we have to be patient. the market hasn't been strong enough to start the high pumps. if that happens I guess there will just be a pump on some assets and then corrected again.

[iv4n]

What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

Even if prices keeps moving higher it will take a while to draw a complete conclusion on what direction the market is finally heading. If its bullish correction then there will be series of consecutive higher highs made for every support and resistance formed and the opposite if a bear market persists. As of today Bitcoin price is trading below $20k so telling which direction the market will make now is difficult

it would be difficult to see the current situation. the market is in a downtrend and most likely this will hold Bitcoin.
if you expect a bull trend, it looks like we have to be patient. the market hasn't been strong enough to start the high pumps. if that happens I guess there will just be a pump on some assets and then corrected again.

I also don't see something that can push the market at the moment, we have to be patient and wait for the bull trend. Random pumps happen all the time, followed by a correction, which is good, and keeps the trading interesting.
Some people are way too optimistic if they think we will see some serious bullish run in the near future. I only hope that we are at the bottom, or at least near the bottom, and to hold this level for another year and more would be an awesome starting price for the bull run that will come after halving.

[monineklutak]

What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

Even if prices keeps moving higher it will take a while to draw a complete conclusion on what direction the market is finally heading. If its bullish correction then there will be series of consecutive higher highs made for every support and resistance formed and the opposite if a bear market persists. As of today Bitcoin price is trading below $20k so telling which direction the market will make now is difficult

it would be difficult to see the current situation. the market is in a downtrend and most likely this will hold Bitcoin.
if you expect a bull trend, it looks like we have to be patient. the market hasn't been strong enough to start the high pumps. if that happens I guess there will just be a pump on some assets and then corrected again.

Yes, we do have to understand the current conditions where the market is still in a bearish condition,
there is no other choice but to remain patient waiting for bullish,
I don't know when it will come and it's better to just keep following the progress

[TheUltraElite]

it would be difficult to see the current situation. the market is in a downtrend and most likely this will hold Bitcoin.
if you expect a bull trend, it looks like we have to be patient. the market hasn't been strong enough to start the high pumps. if that happens I guess there will just be a pump on some assets and then corrected again.

The market is in bearish mode with slow correction happening, but bearish indeed. Hence at the point holding and waiting it out seems like the best method to proceed. Buying should be done if the price drops but carefully being expectant about more drops. Uptrend will take some time once the correction allows a gradual bullish trend to start, but should not be the focus for now.

It is best to avoid the market on such days, wait this weekend out, we might see better movements from Monday.

[RealMalatesta]

It became a short-term pump.
The same perspective as before, do not expect too much even if it goes to $30k. There's a chance it will go back down as traders and short-term investors are trying to make profits out of it.
It's a good thing for traders to accumulate more funds but you have to know the selling point.
Regarding the upward trend, it may not even happen in 3 more months. All eyes are on Ethereum now.

Unfortunately, I do not know when to sell, I rarely ever sell and when I do I do not sell at the price when it is at the top, I sell it when I can pay my debts or makes a better world for me, or it could give me even better return as a collateral for something.

It means that I follow the first rule, which is accumulating when it is low, I have a good chunk that is fine for me (not good for anyone else) and I am happy with the price points I got in, which means I did alright, but when it comes to selling I doubt that I would be selling at the top, I would probably sell when it is too late. I would prefer not to sell at all if it was possible to be fair.