What is happening with Crypto market

[Uzairjutt275]

Today I read a post from altFINS about current crypto and macro situation.

Do you think the bear market will continue until FED will end raise interest rates?

The post:

Crypto Market Overview (week 37)

Crypto and equities markets finished the last week with losses, preparing for this week’s FED announcements. Crypto markets dropped heavily with Bitcoin down by over 10% compared to the previous week, closing at 19.419 on Sunday. ETH experienced the biggest slump by almost 25%.

The Merge had successfully taken place on September 15th, 2022, at 08:42:42 GMT+2 at a Block #15.537.393, marking the full transition of the network from Proof-of-Work (PoW) to Proof-of-Stake (PoS), which will cut energy consumption by about 99.95% compared to the PoW consensus mechanism. However, the successful upgrade had not fuelled the Ether’s price further up. Instead, the price remained flat at the Merge event and finished the week down at 1.335. Equities, on the other hand, dropped by around 5% with NASDAQ closing at 11.448 and S&P closing at 3.873 last Friday.

The FED is expected to raise interest rates by another 0.75% this week. The consumer price index, published by the Bureau of Labor Statistics on last Tuesday, increased by 0.1% in August, ending at 8.3%, down from 8.5% in July 2022, but still at four-decade highs. Headline inflation rose 0.1% month over month, even with falling petrol prices.

Core inflation rose 0.6% month over month, translating to an annual increase of 6.3%, up from 5.9% recorded during the previous period. Economists surveyed by Dow Jones had been expecting a decline of 0.1% for overall inflation, with a rise of 0.3% for core inflation. Moreover, Economists polled by Reuters forecast the CPI fell by 0.1% month-on-month in August, resulting in 8.1% for August 2022, down from 8.5% a month earlier.

Despite the drop in gasoline prices, the rise in core inflation fuelled speculation that the FED will have to step up with further rate increases on its next meetings. According to Refinitiv, the new expectations point the federal funds rate to a new target range of 3.80% to 4.20% by end of 2022, with a peak of 3.94% – 4.45% around March 2023.

Overall, the crypto market sentiment (measured by Crypto Fear & Greed Index) continues to stand at 21/100, indicating Extreme Fear, compared to a month ago when the Index stood at 29/100. The total crypto market cap had dropped by almost 10%, crossing below the $1 trillion mark. ETH dominance slightly dropped to 18% (from 20.5%) and Bitcoin went slightly up to 39.4%. As we had pointed out in our previous week’s macro analysis, the ETH Merge was a typical buy-the-rumour-sell-the-news event. The Protocol’s technical upgrade had already been priced in.

WATCH OUT FOR: The next monetary policy meetings are scheduled for September 20-21st, 2022 for the FED and October 27th, 2022, for the ECB. The next US CPI release for September 2022 is scheduled for October 13th, 2022. The next US GDP update will be released on September 29th, 2022, followed by October 27th. 2022.

The market condition Is too bad and also out of control. Hopefully market will recover soon in next 2 3 years. In this situation, many investors take a risk to invest their money. But also thier is the chance to take profit from bearish market. But too risky

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[stomachgrowls]

Normal sight to see when bear market condition occur and almost all of the crypto drop since there own holders will also get affected on market sentiments brought up by negative insights by many people. And we don't know when this one ends so the only thing we need to do is to watch and trade according to what position we get in since from this we can still earn even if the market is in bearish season.

if you want to put yourself in a trade when the market is bearish like it is right now. actually quite difficult to do. Moreover, the current market movement is very volatile. the risk is too great, even when you are trading futures.

normal situation occurs, but choosing to trade in my opinion is not good enough if we are not pro traders who have sufficient skills. I believe we should make better investment planning now. no matter long or short term, we don't know when the market will recover.

For scalpers,For daytraders then these kind of movement wont really be than an issue that much when it comes to volatility since they could play along with the movement of price in regardless with the current trend.

This is the beauty if you do have the skills which is similar to this on where you could handle and make out buying or selling decisions neither it is really on bear or bull side.Market is always been like this and we cant really

just having one path to take but rather having two which is bullish or bearish which it would really be that common sense on whats the behavior in between.As a trader or investor then as long you do able to gain up
sufficient experience then you would really gonna know on what you would really be doing.

[TimeTeller]

Normal sight to see when bear market condition occur and almost all of the crypto drop since there own holders will also get affected on market sentiments brought up by negative insights by many people. And we don't know when this one ends so the only thing we need to do is to watch and trade according to what position we get in since from this we can still earn even if the market is in bearish season.

And if we can't trade, we don't have to force ourselves to try it because in this situation, if we miss analyzing, we will buy at a high price and there is a possibility that we will have to wait until the price rises again. In this bear market condition, we should buy at a low price when the red candle appears in the market and hold it for a while until the green candle appears and exceeds our buy price to make a profit. That's where we need to learn about trading to use the moment to buy and sell even if we are in a bear market.

But honestly, even long-time traders can make a mistake when buying certain coins.
Especially if the coin is new and not yet established in the market.
But they can always minimize their losses by observing the warning signals coming from the project itself.
Trading needs a lot of patience, and only few people can actually bear the stress brought by this activity.

[blockman]

The market condition Is too bad and also out of control. Hopefully market will recover soon in next 2 3 years.

It's always been out of control if it's the market. It works on its own and moves on unknown directions and that's why this is always the market that I've used to see. And that not-really recovery might happen after the halving since, two years ago when the market has started, it's still up.

In this situation, many investors take a risk to invest their money. But also thier is the chance to take profit from bearish market. But too risky

Profit is always made during the bull run but you've got to plant during the bear market. No gain, no risk.

[ethereumhunter]

Normal sight to see when bear market condition occur and almost all of the crypto drop since there own holders will also get affected on market sentiments brought up by negative insights by many people. And we don't know when this one ends so the only thing we need to do is to watch and trade according to what position we get in since from this we can still earn even if the market is in bearish season.

And if we can't trade, we don't have to force ourselves to try it because in this situation, if we miss analyzing, we will buy at a high price and there is a possibility that we will have to wait until the price rises again. In this bear market condition, we should buy at a low price when the red candle appears in the market and hold it for a while until the green candle appears and exceeds our buy price to make a profit. That's where we need to learn about trading to use the moment to buy and sell even if we are in a bear market.

But honestly, even long-time traders can make a mistake when buying certain coins.
Especially if the coin is new and not yet established in the market.
But they can always minimize their losses by observing the warning signals coming from the project itself.
Trading needs a lot of patience, and only few people can actually bear the stress brought by this activity.

Yes, long-time traders can make mistakes and usually, it is because of the desire to make big profits in a short time. And if they want to trade in new coins that are not well established in the market, they have to be very careful because there will be pump and dump moments. And with previous experience, these old traders can still survive the price volatility that exists in the market because they can find loopholes that are useful for them and minimize losses. I admit that this stress level can change as well because I see that these traders become stressed. After all, they just want to chase profits without seeing how the market moves.

[BobK71]

Normal sight to see when bear market condition occur and almost all of the crypto drop since there own holders will also get affected on market sentiments brought up by negative insights by many people. And we don't know when this one ends so the only thing we need to do is to watch and trade according to what position we get in since from this we can still earn even if the market is in bearish season.

And if we can't trade, we don't have to force ourselves to try it because in this situation, if we miss analyzing, we will buy at a high price and there is a possibility that we will have to wait until the price rises again. In this bear market condition, we should buy at a low price when the red candle appears in the market and hold it for a while until the green candle appears and exceeds our buy price to make a profit. That's where we need to learn about trading to use the moment to buy and sell even if we are in a bear market.

But honestly, even long-time traders can make a mistake when buying certain coins.
Especially if the coin is new and not yet established in the market.
But they can always minimize their losses by observing the warning signals coming from the project itself.
Trading needs a lot of patience, and only few people can actually bear the stress brought by this activity.

Yes, long-time traders can make mistakes and usually, it is because of the desire to make big profits in a short time. And if they want to trade in new coins that are not well established in the market, they have to be very careful because there will be pump and dump moments. And with previous experience, these old traders can still survive the price volatility that exists in the market because they can find loopholes that are useful for them and minimize losses. I admit that this stress level can change as well because I see that these traders become stressed. After all, they just want to chase profits without seeing how the market moves.

There will be volatility in cryptomarkets. Gradually it is apprehensive of bad conditions. Big investors are a little confused,, especially in the fear that the global economic recession may affect this market. But for those who have cleared positions for investing in crypto with risk, this will not be much of a problem. Now if the crypto community takes it well then nothing can stop it. We have also seen in the past when the global economy was in turmoil due to the Corona pandemic, The crypto market did not face any problems at that moment.

[Awaklara]

There will be volatility in cryptomarkets. Gradually it is apprehensive of bad conditions. Big investors are a little confused,, especially in the fear that the global economic recession may affect this market. But for those who have cleared positions for investing in crypto with risk, this will not be much of a problem. Now if the crypto community takes it well then nothing can stop it. We have also seen in the past when the global economy was in turmoil due to the Corona pandemic, The crypto market did not face any problems at that moment.

the impact that is happening in the crypto market today may be too big. we have been in a very deep dump. although the Bitcoin price is still pretty good. but the market situation scares many investors. not a very good situation to get into even though we've seen such a deep dump.
but market fluctuations will work again. when the market gets more support. it will create initial stability. and seeks to grow the market with adoption and pumps that will be stronger.
we can not do anything, if we are afraid of the risk, we can get out of the market. and waiting for a better market.

[lixer]

Current crypto currency market was a sad one to the holding people.They keep on losing their dollars by holding the potential coin itself.

This is part of the hodling game so if you are not used to this yet, you will feel sad and worried but those negative feelings should change soon to positive. Potential coins are stable and sometimes recover so no they don't keep on losing but if that coin you hodl keep on declining then maybe that wasn't really a promising coin. What are those coins in your portfolio anyway, can you show it here?

I had lost 120$ from 530$ two days back.It’s just because of the holding of various coins and the market crashed nothing like anything.The percentage of 120$ from 530$ is very huge money.Its essential one to hold your coins for the long run in the crypto currency trading.

It seems like you are blaming this market from your losses eh? Complaining won't get you anywhere. Why not stop investing on here because this won't be the last time you will see the market crash. Holding coins is essential in investing not in trading.

[so98nn]

Though not happy with what market is reacting to, one thing is sure those who has lot of money right now could really become rich very soon if they keep investing at the current market rate. I’m feeling the drift here but unfortunately I’m not a guy with bag full of cash.

FED, or any other financial organisation from other countries, they all are re-plotting the strategies to keep the banking at its best. After all it’s about the inflation and we need to fight it. Not everyone is amazed by bitcoin, there is still big population who still go traditional want to keep it that way.

[BobK71]

Though not happy with what market is reacting to, one thing is sure those who has lot of money right now could really become rich very soon if they keep investing at the current market rate. I’m feeling the drift here but unfortunately I’m not a guy with bag full of cash.

FED, or any other financial organisation from other countries, they all are re-plotting the strategies to keep the banking at its best. After all it’s about the inflation and we need to fight it. Not everyone is amazed by bitcoin, there is still big population who still go traditional want to keep it that way.

That's right, the Fed is doing whatever it takes to keep the global banking system afloat. Investment decisions should not be taken on the word of the SEC or the Fed. Keep in mind that assets are yours to risk and profits are also yours too.

Once the current situation normalizes, the crypto market will return to its former position, but those who do not use this time properly will have to regret in the future. Investing in the current situation is much more effective.

[ShowOff]

There is nothing abnormal so far in the market, a decline is normal for trading volatile assets. I never thought this volatility was a problem because actually price volatility is a good opportunity for anyone who is good at taking advantage of it.

Several factors can turn the market in the red, but it's just a reaction from the weak hand panic that they can't hold on to the FUD and the negative sentiment out there. I admit this is indeed a common thing, but actually we need to think of something that can be exploited in this situation rather than finding out the main reason of the decline.

[ultrloa]

Normal sight to see when bear market condition occur and almost all of the crypto drop since there own holders will also get affected on market sentiments brought up by negative insights by many people. And we don't know when this one ends so the only thing we need to do is to watch and trade according to what position we get in since from this we can still earn even if the market is in bearish season.

And if we can't trade, we don't have to force ourselves to try it because in this situation, if we miss analyzing, we will buy at a high price and there is a possibility that we will have to wait until the price rises again. In this bear market condition, we should buy at a low price when the red candle appears in the market and hold it for a while until the green candle appears and exceeds our buy price to make a profit. That's where we need to learn about trading to use the moment to buy and sell even if we are in a bear market.

But honestly, even long-time traders can make a mistake when buying certain coins.
Especially if the coin is new and not yet established in the market.
But they can always minimize their losses by observing the warning signals coming from the project itself.
Trading needs a lot of patience, and only few people can actually bear the stress brought by this activity.

I guess no long time traders will buy new coin and hold it for long term since for sure old time traders know how risky it is to pick in current market condition. Maybe there are some trying to risk but I believe they do it for short term.

Trading's really need a lot of patience since the volatility of it cause to much stress for people who don't have knowledge about it or how to trade correctly according to the current timeframe.

[ethereumhunter]

Normal sight to see when bear market condition occur and almost all of the crypto drop since there own holders will also get affected on market sentiments brought up by negative insights by many people. And we don't know when this one ends so the only thing we need to do is to watch and trade according to what position we get in since from this we can still earn even if the market is in bearish season.

And if we can't trade, we don't have to force ourselves to try it because in this situation, if we miss analyzing, we will buy at a high price and there is a possibility that we will have to wait until the price rises again. In this bear market condition, we should buy at a low price when the red candle appears in the market and hold it for a while until the green candle appears and exceeds our buy price to make a profit. That's where we need to learn about trading to use the moment to buy and sell even if we are in a bear market.

But honestly, even long-time traders can make a mistake when buying certain coins.
Especially if the coin is new and not yet established in the market.
But they can always minimize their losses by observing the warning signals coming from the project itself.
Trading needs a lot of patience, and only few people can actually bear the stress brought by this activity.

Yes, long-time traders can make mistakes and usually, it is because of the desire to make big profits in a short time. And if they want to trade in new coins that are not well established in the market, they have to be very careful because there will be pump and dump moments. And with previous experience, these old traders can still survive the price volatility that exists in the market because they can find loopholes that are useful for them and minimize losses. I admit that this stress level can change as well because I see that these traders become stressed. After all, they just want to chase profits without seeing how the market moves.

There will be volatility in cryptomarkets. Gradually it is apprehensive of bad conditions. Big investors are a little confused,, especially in the fear that the global economic recession may affect this market. But for those who have cleared positions for investing in crypto with risk, this will not be much of a problem. Now if the crypto community takes it well then nothing can stop it. We have also seen in the past when the global economy was in turmoil due to the Corona pandemic, The crypto market did not face any problems at that moment.

If people could find out more about volatility in the crypto market, they would find that there are price gaps that will often occur. Prices will fluctuate from high prices to low prices and vice versa and if they can get a chance to buy at a low price when the price reverses towards a high price, they can sell it and make a profit. But what happens is that when the price starts to increase, they panic and don't wait until the price reverses to a lower price but they try to enter the market and buy it. Here they will get a loss if suddenly the price changes and drops to a low price. And many of them immediately sell what they bought before without trying to hold on to it any longer.

[AicecreaME]

Nothing is happening in crypto that hasn't happened before, 2018 was worst than this. There's always room for a retest, there's bear and bull season. Everything has its season, we just got to be wise about it all.

Exactly, I think the people who experience bear market for the first time are the ones who are overthinking right now, if they truly made a right decision on investing their money in Bitcoin, especially if they bought at $50,000 down to $40,000. Bearish market is just about the market giving red candles all of the time, others are just making it complicated to create FUDs to have a chance to buy more once it dips because of panic sellers.

[GelatikKembar]

Nothing is happening in crypto that hasn't happened before, 2018 was worst than this. There's always room for a retest, there's bear and bull season. Everything has its season, we just got to be wise about it all.

Exactly, I think the people who experience bear market for the first time are the ones who are overthinking right now, if they truly made a right decision on investing their money in Bitcoin, especially if they bought at $50,000 down to $40,000. Bearish market is just about the market giving red candles all of the time, others are just making it complicated to create FUDs to have a chance to buy more once it dips because of panic sellers.

people who have bought Bitcoin at a price of $50k to $40k are not wrong, because they do intend to buy, but why do you blame them that bearish is only for that person?
we are indeed entering a bearish season, that applies to all cryptocurrencies, I'm sure you also bought altcoins and now altcoins are also experiencing a drastic decline,
so don't just make statements about bearish.

[KingsDen]

Nothing is happening in crypto that hasn't happened before, 2018 was worst than this. There's always room for a retest, there's bear and bull season. Everything has its season, we just got to be wise about it all.

Exactly, I think the people who experience bear market for the first time are the ones who are overthinking right now, if they truly made a right decision on investing their money in Bitcoin, especially if they bought at $50,000 down to $40,000. Bearish market is just about the market giving red candles all of the time, others are just making it complicated to create FUDs to have a chance to buy more once it dips because of panic sellers.

people who have bought Bitcoin at a price of $50k to $40k are not wrong, because they do intend to buy, but why do you blame them that bearish is only for that person?
we are indeed entering a bearish season, that applies to all cryptocurrencies, I'm sure you also bought altcoins and now altcoins are also experiencing a drastic decline,
so don't just make statements about bearish.

People who bought at $40k  and $50k are not wrong mate. You shouldn't blame them for any reason, when it was $40k, down from $69k, since it came down from ATH, it seemed that the $40k was the low. But since it turned out that it wasn't the low, there is nothing to trouble yourself about. Even El Salvador bought at the range of 50k.

You do not have to regret for buying $40 to $50k if only you bought bitcoin. But if you bought other coins, I don't know your fate but for bitcoin, we are so so sure that it will touch ATH and still make a new ATH. It is just a matter of time and delay. You will smile at the end.

[Mpamaegbu]

You will do well OP if you can get the link to the article site so that those who want to peruse and exhaust it further can do justice to that by reading it up there.

OP talked about how ETH price has disappointedly remained relatively on the same spot even after the Merge. I think that is even a good thing that there's no volatility to it to warrant spikes. It should be an organic growth as that will ensure stability in price on the long run. The merge is supposed to enhance utility and not a get rich quick thing.

[Silberman]

Nothing is happening in crypto that hasn't happened before, 2018 was worst than this. There's always room for a retest, there's bear and bull season. Everything has its season, we just got to be wise about it all.

This is correct, I mean the crash in term of percentage that we are seeing is not as bad as what we saw back then, it is bad there is no doubt about it but people need to calm down, at least to me it seems that the ones that are the most nervous are the ones which bought near the ATH, and while I can understand their worry this should be the moment to do some DCA and reduce the price they paid for their coins, so they can obtain profits even faster once the next bull market comes.

[Hamza2424]

The market is actually in the pressure of the USD and global inflation crisis. I am sure we are going to be in this situation for the 3 to 5 months as in 2023 Q 1 we are going to be bullish,i am dammn sure. Its consolidation zone as side ways movement and a booring time but a good opportunity for the investors to accumulate its going to end very soon.

[jossiel]

The market is actually in the pressure of the USD and global inflation crisis. I am sure we are going to be in this situation for the 3 to 5 months as in 2023 Q 1 we are going to be bullish,i am dammn sure. Its consolidation zone as side ways movement and a booring time but a good opportunity for the investors to accumulate its going to end very soon.

The whole market, every other market are being stomped by the strength of the US dollars. But looking at bitcoin and the entire crypto market.

We can say that this is enduring that. We're staying at the support for the long time and that only means that it's going to stay there despite the market turmoil that USD is doing.

But let's go onto that thing for every market that, it's not going to be there for a lifetime and things might calm down soon.