Cryptocurrency is silent why?

[hatshepsut93]

A well needed market cleansing. There's still so much heavily overpriced crap in the cryptocurrency markets in general that we deserve a bigger downtrend.

Every altcoin is heavily overpriced, because their objective value based on utility is $0. The previous bear markets failed to open the eyes of investors, new shitcoins simply replaced the old ones. Who knows how long will this delusion keep going on? Maybe the myth of "good project" and "blockchain revolution" will endure for many more years.

[1715654341]

1715654341

[1715654341]

1715654341

[1715654341]

1715654341

[livingfree]

Economic situation of bigger countries affects the market that much, from the problem on war, supply of gas down to inflation rate and with the continues FED interest rate hike, we are dealing to many problem right now and cryptomarket is also affected by this. The market is trying to break the trend though and we are seeing a huge pump and dump trend with Bitcoin, this can be a good opportunity to make money in short. Know how to ride with this trend and you can be good, focus more on this.

We've been seeing the market tied up to the traditional market but there will be the day that it will loosen up and will become an individual market again.

The world economy is playing that part and that's why like what I've seen today, after bitcoin pumped to $20k then a slash of $1k quickly came so it's back again to $19k.

But this silence that OP is talking about is better because I'm expecting just like the 2018 bear market. There have been a lot of projects that have been gone out of the market because they didn't survived and the same could go for this bear market that we are experiencing.

[LittleBitFunny]

A well needed market cleansing. There's still so much heavily overpriced crap in the cryptocurrency markets in general that we deserve a bigger downtrend.

Every altcoin is heavily overpriced, because their objective value based on utility is $0. The previous bear markets failed to open the eyes of investors, new shitcoins simply replaced the old ones. Who knows how long will this delusion keep going on? Maybe the myth of "good project" and "blockchain revolution" will endure for many more years.

It is true that altcoins are overvalued for what they can offer. Bear market is necessary because to clean the market but not all altcoins are useless. Bitcoin is the birthplace of cryptocurrency, it has also faced much criticism and scorn from its traditional competitors but over time it has also proven its usefulness and real benefits to creating value today. Altcoins, they are a mess but not all useless and trash, eth is the altcoin that changed the crypto industry, thanks to which the market has evolved into what it is today, it has brought us many new things and has continuously evolved over the years. Crypto is an open market so it's very messy, which is understandable, secondly, all of this is caused by human behavior, if we all weren't greedy then the scammers won't be able to generate those shitcoins.

[sheenshane]

Indeed needed. However one downfall really affects majority. Cant really washout those shitcoin easily especially if they are just jumping from project to project. What really needed to monitor here is the btc movement cause its decide the overall sentiment of all cryptocurrencies.

I'd say we needed a cleansing with BTC as well. While I'm obviously still long term bullish, we had a lot of delusional moonboys (as we always do) near the peak of the bull market. We need to wipe out all those crappy crypto YouTubers and influencers first as well.

Lol, delusional moonboys.
Well, I'm a part of those who are waiting that there's new ATH will come.  (Count me in)

True crypto enthusiasts will never look at the short-term price market chart, they always prefer on the long-term market trend.
It might be the market struggle on a recent downtrend because of many weak hands waiting to make a profit in a short period of time.

[TravelMug]

A well needed market cleansing. There's still so much heavily overpriced crap in the cryptocurrency markets in general that we deserve a bigger downtrend.

Every altcoin is heavily overpriced, because their objective value based on utility is $0. The previous bear markets failed to open the eyes of investors, new shitcoins simply replaced the old ones. Who knows how long will this delusion keep going on? Maybe the myth of "good project" and "blockchain revolution" will endure for many more years.

I see no ending on this cycle, the last bear market of 2018 somewhat cleansed, but when we enter the bull run, a lot of them being born again. And now majority of them are dead, or trying to revived themselves and hopefully just be afloat till the next bull run.

And then those who just come up again? Hoping to join the ride, Lol. And again, this is going to be cyclistic. But the question is, how are investors still biting this meme and shitcoins?

[OgNasty]

For some months, cryptocurrency is in a down falling trend which is the main cause.

All the folks that jumped in while we were at the highs have started realizing they won't get rich overnight investing in shitcoins and have been leaving the building for some time now.  There's less crypto talk all over social media as people who were promising to make you rich by following their lead no longer have sponsorships being thrown at them.  It's not just related to crypto either.  The entire global economy is slowing down and I think that's causing the 'social media bubble' of influencers getting massive paydays to deflate.  I have a feeling a lot of people's favorite influencers won't be around a year from now.

[STT]

Its mostly sideways with alot of scares and rips downwards but the actual push either up or down isnt really occurring.  Hardly can I argue its positive action but its not seriously negative as it could be under such war conditions on multiple fronts like we clearly have right now, I have to say BTC is holding up better then many might have expected.

[peter0425]

The main cause is, it is a normal trend. We came last 2 years with a long bull run so, it is necessary for the market and bitcoin to go through this cycle.

last 2 years with a  long bull run? mate the ATH/Bull running happens last year 2021 and not in 2020 because the market dumped that year as the effect of covid 19.

Next years will be back again in the bull run. Regardless if the world economy will be good or bad, it is going to be better soon as what the cycles have been.

What are we expecting next year? is there something specially in 2023? because what I do believe is that the halving will happen in 2024-25 in which the expected time for bullying again?

please tell me if I missed something about the cycle .

[lienfaye]

For some months, cryptocurrency is in a down falling trend which is the main cause.

We are still in bearish season so what can you expect?
But this is a normal cycle of crypto, and it's a season to accumulate if you're postive the market will recover. So take this time to buy coins at cheaper price and hold for long period. Bullish season will occur again (though we cant accurately predict when) hence dont mind the current situation and be optimistic for the future.

[Davian144]

Its mostly sideways with alot of scares and rips downwards but the actual push either up or down isnt really occurring.  Hardly can I argue its positive action but its not seriously negative as it could be under such war conditions on multiple fronts like we clearly have right now, I have to say BTC is holding up better then many might have expected.

The price range of BTC itself is still no difference during this month where the price movement is from 18K+ to the price of $20K+. This means it's a similar move and not too high so no changes have occurred to BTC during this bear condition. And yes BTC does hold on to that level very well so far. I hope that in the next month there will be more investors who want to buy BTC so that there will be a bigger price movement up and not sideways like now.

[traderethereum]

For some months, cryptocurrency is in a down falling trend which is the main cause.

Being at a bottom point or downtrend doesn't mean crypto can't strengthen again later because it takes time to answer.
If you understand that we are still given time to join and buy coins that can increase, we can start buying them now and keep them until the price can increase again.
Maybe this condition will continue because there are no signs that this bear market will end.
For that, you have to be prepared by having a lot of potential coins that can increase so that the time comes suddenly, you are ready to take huge profits.

[Fundamentals Of]

As we can see, it is not actually a down falling trend that the cryptocurrency market is having. It is more of a sideway trend. We have been seeing Bitcoin rising and falling within the $18,000 to $21,000 range. Sometimes it goes above $21,000 but it is very temporary and the price would shortly go back within the range. This isn't silence however. The market has been growing in terms of adoption. It's just that the market is in for some boring days and weeks.

[justdimin]

For some months, cryptocurrency is in a down falling trend which is the main cause.

They are down but not silent. Can't you see the daily news and the threads in this forum? It's an indication that cryptos remains to be lively despite of their negative situation. There are lots of causes for their fall but the main cause of it would be the bear season.

The ensuing silence is expected because it characterizes the bear moment. We've witnessed this over time. Whenever the market bulls, there's always a hell of noise and when it bears there's an intimidating level of silence. November is just around the corner. It's one of the months I know the market gets favoured with a rally. Hopefully, this year's won't be an exception.

People are noisy because they are happy but who wouldn't be when you will now harvest the fruits of your labour? They are celebrating because they survive those hard times. I think those who got silenced during the bear are leaving temporarily because they can't accept it seeing the market declines more while there are who are noisy because they complain about their losses and they always speculate about the recovery.

[BobK71]

For some months, cryptocurrency is in a down falling trend which is the main cause.

Bitcoin is currently staying at all-time low price . When this situation worsens, naturally there is stagnation seen in the cryptoworld. But this situation is very common in crypto or trading platforms. Today is bearish, maybe in the future it will be in a better position. Success will come only if you accept it naturally.

[waONE]

For some months, cryptocurrency is in a down falling trend which is the main cause.

cryptocurrencies are not silent, but we are in a bearish season, this is a natural thing in cryptocurrencies,
not even just crypto, Gold, Commodities, Forex, and stocks are also experiencing this,
so we have to be optimistic that cryptocurrencies will shine again and good news will come again.

[Franctoshi]

Bitcoin and cryptocurrency currently in a bear market does not mean that the crypto industry is silent, Just because you don't hear the bubble news on crypto Twitter and crypto YouTube and that seem silent to you. It could seem silent to you but not silent for everybody,  people make money either ways up or down.
Wise investors are busy accumulating Bitcoin and Building there portfolio and you are thinking that the market is silent. For me not silent to me because I still do what I do during both bull and bear market (basically I trade Bitcoin to get more Bitcoin up or down)

[jossiel]

The main cause is, it is a normal trend. We came last 2 years with a long bull run so, it is necessary for the market and bitcoin to go through this cycle.

Next years will be back again in the bull run. Regardless if the world economy will be good or bad, it is going to be better soon as what the cycles have been.

Yes, this is simply a trend that the market has to go through. Although many people say that due to war, economic crisis leads to market crash, that is true but not entirely true. Many people have started to believe that this year we will enter a bear market after we hit ATH last November, which means this was predicted before war or inflation started.

OP should review the history of the market and the cycles the market has gone through in the past, you will understand where we are and when this silence will end. A falling market is not necessarily a bad sign if you really understand how it works.

The 2021 was one of the greatest bull runs and that's what many have been thinking on how long shall it stay as the bear market would likely to take over when it's done.

When the market falls, many becomes discouraged and worried about it but it's true that it's not a bad sign but a sign of people should get onboard before another bull run comes.

Next years will be back again in the bull run. Regardless if the world economy will be good or bad, it is going to be better soon as what the cycles have been.

What are we expecting next year? is there something specially in 2023? because what I do believe is that the halving will happen in 2024-25 in which the expected time for bullying again?

please tell me if I missed something about the cycle .

It's generalization of what I've said mate, next years. I do believe of the same about the halving and that's why I've just generalized about the coming next years.

[Quidat]

For some months, cryptocurrency is in a down falling trend which is the main cause.

cryptocurrencies are not silent, but we are in a bearish season, this is a natural thing in cryptocurrencies,
not even just crypto, Gold, Commodities, Forex, and stocks are also experiencing this,
so we have to be optimistic that cryptocurrencies will shine again and good news will come again.

If you've been just new into this market then you would definitely be saying that this market isnt really making huge movement on where you are expecting on but if you've been here
for some couple of years then these kind of condition and situation is something really that normal.You should not make yourself freak out just because you are seeing low volatile
percentage movement.Whenever the market do make out that significant move then you might really make yourself panic since you arent get used to this.
This is the difference in between to those experienced and non-experienced ones.

[Baofeng]

As we can see, it is not actually a down falling trend that the cryptocurrency market is having. It is more of a sideway trend. We have been seeing Bitcoin rising and falling within the $18,000 to $21,000 range. Sometimes it goes above $21,000 but it is very temporary and the price would shortly go back within the range. This isn't silence however. The market has been growing in terms of adoption. It's just that the market is in for some boring days and weeks.

Yes, but perhaps a good baseline is the All time high we had last year and now we are ranging from $18k-$22k. And with that, there is not much money flowing in the market, and there could be a lot of sellers. But for bitcoin market, we all know that is is just temporary. But for those who see altcoin as something to be like a get rich scheme? this year could be a disaster for them. And probably regretting their decisions on investing on meme coin. And it's not that we can't take advantage of the downturn, we can, just buy and even better is to do DCA and invest on bitcoin because of the cheap price.

[Reatim]

For some months, cryptocurrency is in a down falling trend which is the main cause.

you should understand that even the world economy is down falling so why would cryptocurrency go ahead of those?
there are so much pain happening in the world these days and I believe that this is same reason why crypto is also in downtrend.
but no matter how down the market ? expect the increase in the coming months or years so keep Holding and just keep your eyes close for now.