Market is about to pump

[Silberman]

The crypto industry keeps losing trust   , a 3rd black swan event who would've guessed?

It's not about to pump at all, it will get worse for the short term we haven't bottomed yet.

Looking at the mid term it's not bad, we'll definitely be standing in a higher level than this in the next couple of months.

This seems like the correct way to look at things to me, I know there were some investors which were expecting some sort of recovery at the end of the year, and they had a point as the price of bitcoin finally surpassed the 20k barrier and the outlook of the market was positive, but after the collapse of FTX and its token and the adverse reaction we saw in this market then it is almost impossible we are going to see the recovery that people were expecting out of the market.

[kelonmusk]

I think these are two different questions. First, now when we talk about Amazon, maybe think of the ubiquitous online retailer that has exploded for two decades. Last became one of the largest companies in the world.

But that wasn't always the case—Amazon was once a small startup with no guarantee of success. If we fast forward like now. At that time it was hard to believe that it was possible for a company to grow so big and so fast in such a short span of time.

Back again to crypto. I think there are two ways to look at the state of the crypto industry over the next few years in 2023 or beyond. One is that it will continue to grow and develop, leading to many new opportunities for investors and companies. The second is that it will deflate significantly after a long period of rising prices and unrealistic expectations.

[asyakashi]

Our biggest enemy is FUD which is still widely scattered plus there will be a long recession that occurs in 2023 so everyone must really sell a lot of crypto assets only a few people store assets here. Unfortunately bullish is too short because FOMO news is already hard to find.

[Sayeds56]

I think these are two different questions. First, now when we talk about Amazon, maybe think of the ubiquitous online retailer that has exploded for two decades. Last became one of the largest companies in the world.

But that wasn't always the case—Amazon was once a small startup with no guarantee of success. If we fast forward like now. At that time it was hard to believe that it was possible for a company to grow so big and so fast in such a short span of time.

Back again to crypto. I think there are two ways to look at the state of the crypto industry over the next few years in 2023 or beyond. One is that it will continue to grow and develop, leading to many new opportunities for investors and companies. The second is that it will deflate significantly after a long period of rising prices and unrealistic expectations.

Though FTX turmoil was a black swan for crypto space, but history of Bitcoin vindicates that market always recovers from such incidents. The market looks stable now and Hopely, we will see Bitcoin starting upward journey from next week.

The second scenario drawn in your post is likely to happen in 2023 when all financial markets including Bitcoin will start performing because FED is likely to pause increasing interest rates and moreover so much technological development is taking place in every sector of crypto industry from DEFI, Metaverse to NFTs as well as its popularity is increasing among youngsters worldwide.

[savetheFORUM]

Yes, it's a different motto when it comes to cryptocurrencies. "What goes down must go up." 
Especially with Bitcoin because it was proven many times in the past decade. IMO, as an altcoin supporter, Bitcoin's rise will pull most of the altcoin up. It just needs more investors and we will be living the good life again of pumped altcoins in the market.
Time to buy.
The only question is where to get the funds in times like this with a downward economy.

There are many cryptos and not all of them will recover once they started dumping so better if we will be specific when we say it but it's great that you mentioned btc. Yes, btc is different from those other bubbles because btc value will always recover no matter how low it value gets.

If you think alts only depend on btc then why not invest on btc instead? Or you can also invest in altcoins but you better allocate more in bitcoin so that your btc and alts will pump together. We are in a downward economy and people are budgeting right now but once this passed, there will now be people who will start investing in cryptos again, so don't worry.

[michellee]

Our biggest enemy is FUD which is still widely scattered plus there will be a long recession that occurs in 2023 so everyone must really sell a lot of crypto assets only a few people store assets here. Unfortunately bullish is too short because FOMO news is already hard to find.

The important thing is that we don't get caught up in what they say, so we can anticipate situations that can turn around at any time. Don't worry, bullish conditions will come again and we must be prepared for their arrival because bullish conditions can come anytime. And now, we can buy a lot of potential coins, which can give us profit in the future, especially when the bull market is coming next month or next year. And even though there will be a long recession, we shouldn't worry too much because we have prepared well for it.

[MoonOfLife]

Instead of trusting the random social media users, I prefer reading expert analysts and compare data to draw image on my mind. This is not bottom, there is a room for BTC price to drop further and my close prediction is $12k support level. In case of breaking this mentioned support price line on chart, market can even crash down below $10k,IMHO.

I don't "trust" any TA, that would be weird as it's just matter of probability, I just review their earlier data. And this guy/girl was spot on predicting the crash. I followed him before the crash as he had predicted something else. Right now i can't recall what but you can review his history as everything is transparent.

Technical analysis if you use them in stock market maybe it will work but in crypto I believe it is useless. I would like to ask if there is any analyst who can analyze the drop of bitcoin or FTT token in the last crash? I'm sure no one can guess. It's funny when someone says that by looking at the chart they can tell that bitcoin is going to drop to that level. If the prediction is so simple, why don't they just sell their house and invest it all in bitcoin? He will get rich quick instead of giving analysis to other people and telling them to buy.

[o48o]

Technical analysis if you use them in stock market maybe it will work but in crypto I believe it is useless.

If you don't trust the idea of TA that's ok, there are ton of people not believing you can predict anything from that. But in theory same idea of probability applies to all markets that are mature enough. People are using it for newer assets then bitcoin or eth.

I would like to ask if there is any analyst who can analyze the drop of bitcoin or FTT token in the last crash? I'm sure no one can guess.

I am not sure if you followed my link as i gave a link to a person who literally did that.

It's funny when someone says that by looking at the chart they can tell that bitcoin is going to drop to that level. If the prediction is so simple, why don't they just sell their house and invest it all in bitcoin? He will get rich quick instead of giving analysis to other people and telling them to buy.

Because they DON'T know it. It's based on probability, and it's a low one. You wouldn't bet your house when you are gambling on sports, even if the odds are good.

[Beparanf]

Instead of trusting the random social media users, I prefer reading expert analysts and compare data to draw image on my mind. This is not bottom, there is a room for BTC price to drop further and my close prediction is $12k support level. In case of breaking this mentioned support price line on chart, market can even crash down below $10k,IMHO.

I don't "trust" any TA, that would be weird as it's just matter of probability, I just review their earlier data. And this guy/girl was spot on predicting the crash. I followed him before the crash as he had predicted something else. Right now i can't recall what but you can review his history as everything is transparent.

You should understand too how TA works or atleast have the basic knowledge on it because you will determine if the analysis is true or not base on the data they are providing. Some TA analyst is always posting bias analysis by getting the signal that they want on the time frame which they can see the signal even though the general trend is against it.

It's right to not trust anyone TA but it's not bas on reading some of it because they might a chance they are giving a correct signal that you can verify if you have the knowledge to understand it.

[yazher]

I think the title is misleading, there is no pump this year or the next year. Most likely the pump will happen in 2024 or after the bitcoin block halving. As for the analogy that the OP has posted,  I guess the lesson is to buy cheap crypto right now, but you don't have to wait like 20 years to see a good gain. Right now is the right time to buy as we are in a bear market, the prices is so cheap that you can fill up your wallets, as many as you can and then wait till the next bull run. We might see massive gains that can be comparable to the dotcom profits.

This is the safest answer currently because the market is not really looking well nowadays and we have some bad scenarios that affect the crypto market as well. If you prefer to hold your crypto assets for the long term, you can give it a try because people's speculations are high when it comes to the next bull runs, there is a higher chance that will occur after the next bitcoin halving. In other cases, sometimes the price of some altcoins in the market will rise due to a sudden surge in bitcoins price even though the halving season is not yet happened.

[cryptoaddictchie]

Our biggest enemy is FUD which is still widely scattered plus there will be a long recession that occurs in 2023 so everyone must really sell a lot of crypto assets only a few people store assets here. Unfortunately bullish is too short because FOMO news is already hard to find.

Actually a lots of whales are trying to manipulate the market. Ive been seeing a lot of bad news and these served as a big factor for shorting so whales are taking advantage of those to hardly short to liquidate a lot of retailers. It simply luring them and suddenly will pump different tokens slowly and luring again traders that it will pump. Its like they are dictating what wouls happen on a price of certain token.

[Kadal Ijo]

The market is currently frustrated because of the hope for rising in November so that I can be calm when I see the remaining world cups in a week now turns out to change, the market drop is more than 20% and makes many assets I have also drop, now not much can be much We do, just waiting for a good moment to be able to sell.

[fzkto]

Our biggest enemy is FUD which is still widely scattered plus there will be a long recession that occurs in 2023 so everyone must really sell a lot of crypto assets only a few people store assets here. Unfortunately bullish is too short because FOMO news is already hard to find.

Actually a lots of whales are trying to manipulate the market. Ive been seeing a lot of bad news and these served as a big factor for shorting so whales are taking advantage of those to hardly short to liquidate a lot of retailers. It simply luring them and suddenly will pump different tokens slowly and luring again traders that it will pump. Its like they are dictating what wouls happen on a price of certain token.

It seems to me that apart from the bad news, the FTX scam is now playing a bad role. This event alone is having a terrible effect on the entire cryptocurrency market. This is not the first major bankruptcy to affect the market this year. The fall started with the collapse of LUNA. Remember how long it was dragging on. And now the impact will be even greater because one of the largest exchanges went bankrupt, and I am sure the market will not recover quickly.

[Kavelj22]

Once we reached the bottom, it will retrace easily and we might start to see the uptrend.
For now, we have to wait for this and many speculation tells that Bitcoin will hit its worst bottom for this year, $13k is their analysis and that’s a crucial point but I’m still optimistic that whales will catch Bitcoin on that level. The future is still good though, you just need to play safe for now and wait for the right timing.

Apparently the recovery period is not soon to come. The crypto market is currently losing a large part of its position in the market in an unprecedented situation.

I agree, I think the bloodbath isn't over yet.  We might see another bottom for the crypto market.  The next bull run is signified by Bitcoin halving so it is more than a year away now.  Instead of thinking about when will the market get pumped, why not think ways to accumulate Bitcoin and potential cryptocurrency so that when the time comes the crypto market get beefy and hyped, we will not miss out.

That's exactly what whales and a few small traders do not get affected by these seasonal waves. It was never expected that prices would go down to this extent, and everyone was waiting for an important rise period until the beginning of the new year, but what happened with FTX carried with it completely unexpected repercussions.
This will take some time before the market recovers again, but there are no assurances that prices will return to the same level as they were before the crisis.

[john1010]

Many are dismayed with the current market now, but for everyone who wants to recover their loss, It is the best time to buy btc and other alts, it is surely that it will going to pump a little, but we don't really know if the btc already break the support. let see.

[CryptoYar]

Market is about to pump

No. Not yet. After a few more centralized exchanges collapse, we'll start going up.

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We talking about ( Business models/revenue/ earning/ active users ...)

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For tokenomic info: CoinGecko, Cryptorank, Coinmarketcap.

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[crwth]

With everything happening within the Crypto space, it’s unpredictable with all that uncertainty with the regulations behind the behind-the-scenes of every exchange. There is because, knowing FTX and seeing it as a number two for quite some time, anything could happen with the crypto. We need to be careful about How much we are going to invest.

[cryptoaddictchie]

The fall started with the collapse of LUNA. Remember how long it was dragging on. And now the impact will be even greater because one of the largest exchanges went bankrupt, and I am sure the market will not recover quickly.

Yes thats true. There are fear everywhere and look what these particular events suddenly become a huge factor on the overall market. The crash on Luna shows that not all are permanent and can change eventually. We are only riding on the flow of finances. But rest assured that this isnt gonna go down at all. There are lots of ways on how we fan recover, its just that recession hits really bad thats all and affect different industry.

[Orange89]

I believe market is about to fall more BTc can hit around 10-12k alot of FOMO had already been created first being Gala TRX and now with FTX these Week is just really bearish although with time Crypto is losing it's trust for investing even we can't trust anyone Centerlized wallet are also not safe their are alot of news like Hack and stuff like that
The Total Volume in the Market are keep Decreasing the Asian country are just Hurting the Crypto by implementing taxes Inflation is on all time high right now

[ZAINmalik75]

Once we reached the bottom, it will retrace easily and we might start to see the uptrend.
For now, we have to wait for this and many speculation tells that Bitcoin will hit its worst bottom for this year, $13k is their analysis

Yeh we know that it's a very hard time for all Bitcoin investor/holder because Bitcoin performance for this year is totally too bad and BTC it's bottom too but due to Luna fud and now FTX bankruptcy create too much negativity most of small invester afraid from these ancident and they pull out all his funds from Bitcoin and the reason we got dump and dump in Bitcoin this year . But all these are junk and removed from crypto soon crypto will clean and safe and we can expect they BTC will show huge pump after all