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Author Topic: Can anyone Predict What's going on crypto market?  (Read 805 times)
ajiz138
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June 07, 2023, 12:09:27 PM
 #21

We all know that it is impossible to predict the future of the crypto market. However, according to the current world economy, the market is still in a good position. Still, who knows if there is even any news or when this market will turn around again. According to the economy going down a bit too slowly can new investments be made at the moment.
Have you seen the recent news about SEC vs Binance, this can affect the price on the market and we will see after the news event the price goes down because there will be a lot of panic by investors plus one of the exchanges is attacked then what is more worrying is bankruptcy the same goes for any other exchange.

Say new investment at this time? Well, you're not wrong, even if you enter as a beginner investment, it's still pretty good for the current price, but after you enter, don't look at the news that's happening because it will increase again, plus maybe you don't understand how the crypto market journey will be filled with lots of FUD.

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June 07, 2023, 01:22:34 PM
 #22

We all know that it is impossible to predict the future of the crypto market. However, according to the current world economy, the market is still in a good position. Still, who knows if there is even any news or when this market will turn around again. According to the economy going down a bit too slowly can new investments be made at the moment.
If from the start everyone could easily predict what would happen in the crypto market then all crypto markets would go bankrupt. My point is that all the predictions that we often find are none other than nothing more than mere speculation which has not been confirmed to be 100% accurate at all. Even if there is an accurate one, it's just a coincidence with the conditions that support it. Fluctuations in crypto market prices show that price movements can change at any time and can pump in a short time as well as fast corrections.
As for this random example, Bitcoin corrected quite deep and touched $25K, but it didn't take long for us to return to a fairly ideal price, which was above $26K and had even managed to touch $27K. Even though based on economic experts they predicted Bitcoin would fall below $24K at that time, not a few did Short in Futures trading, plus the negative issues of Binance and Coinbase which were in dispute with the SEC.

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June 07, 2023, 01:28:53 PM
 #23

We all know that it is impossible to predict the future of the crypto market. However, according to the current world economy, the market is still in a good position. Still, who knows if there is even any news or when this market will turn around again. According to the economy going down a bit too slowly can new investments be made at the moment.
Have you seen the recent news about SEC vs Binance, this can affect the price on the market and we will see after the news event the price goes down because there will be a lot of panic by investors plus one of the exchanges is attacked then what is more worrying is bankruptcy the same goes for any other exchange.

Say new investment at this time? Well, you're not wrong, even if you enter as a beginner investment, it's still pretty good for the current price, but after you enter, don't look at the news that's happening because it will increase again, plus maybe you don't understand how the crypto market journey will be filled with lots of FUD.

Some already made the statement that it was because of the sudden news that triggers some investors take their leave from using the exchange while some also attribute the recent drop in the market price for bitcoin at $25,000 was due to this same news, i may not actually disagree with this becau the effect of breaking news have some part it takes in determining the market value even though in it own little way, yet we still have the rise back to normal where it started dropping at $27,000, we cannot just predict a volatile cryptocurrency like bitcoin accurately because of the numbers of indications that constitute it's market price value.

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June 07, 2023, 01:58:11 PM
 #24

We all know that it is impossible to predict the future of the crypto market. However, according to the current world economy, the market is still in a good position. Still, who knows if there is even any news or when this market will turn around again. According to the economy going down a bit too slowly can new investments be made at the moment.
Have you seen the recent news about SEC vs Binance, this can affect the price on the market and we will see after the news event the price goes down because there will be a lot of panic by investors plus one of the exchanges is attacked then what is more worrying is bankruptcy the same goes for any other exchange.

Say new investment at this time? Well, you're not wrong, even if you enter as a beginner investment, it's still pretty good for the current price, but after you enter, don't look at the news that's happening because it will increase again, plus maybe you don't understand how the crypto market journey will be filled with lots of FUD.

Some already made the statement that it was because of the sudden news that triggers some investors take their leave from using the exchange while some also attribute the recent drop in the market price for bitcoin at $25,000 was due to this same news, i may not actually disagree with this becau the effect of breaking news have some part it takes in determining the market value even though in it own little way, yet we still have the rise back to normal where it started dropping at $27,000, we cannot just predict a volatile cryptocurrency like bitcoin accurately because of the numbers of indications that constitute it's market price value.

Recent news about binance is the main reason why we experiencing this dumps. And I don't see any other reason aside from that since many are speculating about huge dump once US succeed to thrown out Binance into their country. Although news like this is sometimes an indicator but sometimes there are turn of events that we can't expect so we need to see those possibilities and prepare some funds if we want to risk some money to trade.

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June 07, 2023, 02:05:46 PM
 #25

It is very difficult to predict the crypto market on before now let alone such a time like this, When there is high uncertainty in the market as to which direction for Bitcoin and the entire cryptos at this point in time due to the recent news event about SEC law suits case against Binance and Coinbase which is causing panic in the market. We might experience little more consolidation phase in the market in weeks ahead maybe until we get clearer picture of what is likely gonna be the outcome of this case.

R


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June 07, 2023, 03:13:04 PM
 #26

The consequence now is to continue to choose to hold, or use the time belonging to the low market category. We can all use it to continue buying, because the strategy that is always used to buy at low and sell at high is already in effect at this moment, and to be honest, we don't will know for sure when the market will be taken over by the bulls to change the bearish movement so far.

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June 07, 2023, 03:31:04 PM
 #27

The consequence now is to continue to choose to hold, or use the time belonging to the low market category. We can all use it to continue buying, because the strategy that is always used to buy at low and sell at high is already in effect at this moment, and to be honest, we don't will know for sure when the market will be taken over by the bulls to change the bearish movement so far.
That's right. Now is a good opportunity for all of us to buy bags. Any market has cycles. The crypto market is no exception. The main thing is to have the patience to sell at high prices. No one knows when the bulls will come, but I am sure that when that moment comes, it will be too late to buy.

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June 07, 2023, 03:40:04 PM
 #28

All the predictions that you read in articles or search results from Google are the results of the authors' thoughts based on past and present price movements. Ideally, they never know what will happen to the crypto market in the future. You must rely on yourself by doing personal research before investing, before doing anything you must have confidence in your abilities based on experience in the investment field.
You can buy Bitcoin whenever you want according to the predictions resulting from the research done, you can use the DCA method regularly and consistently, buying now might be the best choice because the price isn't too expensive when measured by the previous ATH.

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June 07, 2023, 03:49:19 PM
 #29

We all know that it is impossible to predict the future of the crypto market. However, according to the current world economy, the market is still in a good position. Still, who knows if there is even any news or when this market will turn around again. According to the economy going down a bit too slowly can new investments be made at the moment.
Making predictions on the crypto market is indeed possible and it is indeed possible even though the market is not going as predicted. But if you say that according to the world economy the market is still in a very good position, you also have to look carefully at what market is being meant by these economists. Because now not all markets are in bad condition and vice versa, everyone must be able to find out which markets are still in good condition. The same goes for the bad ones, because if we only talk about the crypto market, of course for now it is still in very standard conditions and not bad in general.
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June 07, 2023, 04:33:45 PM
 #30

Predicting the day to day action in crypto markets is a fool's errand.  Nobody knows what traders are going to do one day to the next or what news will spook them vs excite them.  However, when you take a step back and look at Bitcoin as a 4-year cycle with ever lowering supply and increasing demand, and it becomes very easy to determine where the price will be in the future.  As Bitcoin establishes itself as an investment worthy asset, it is going to go and has already been on an amazing ride of price discovery.  I personally think that will ultimately take us to $200K so long as we keep future FTX frauds out of the space.

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June 07, 2023, 05:03:36 PM
 #31

We all know that it is impossible to predict the future of the crypto market. However, according to the current world economy, the market is still in a good position. Still, who knows if there is even any news or when this market will turn around again. According to the economy going down a bit too slowly can new investments be made at the moment.

Predicting the crypto markers are pretty hard. Yes you can make good estimation if you study the coins, charts, it’s marketcap and get good overall knowledge. And if your estimations are good, then the predictions will automatically turn into your favour. I would say currently the market is at good position, I know it has potential, but yes currently it’s resting and recovering to be honest. The market always jumps high during late October. So let’s see what we get in October. In the meantime accumulate good coins in your wallet and wait patiently.

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June 07, 2023, 06:30:01 PM
 #32

We all knows that price is high but not too much that one will be unable to buy coins, as previously the price was in such a higher worth therefore we should keep our hope alive that one day it will again reach to that price. It doesn't matter that how much price goes up and how much it reduces but the desires of individuals for buying and selling is increasing day by day. Users of crypto cannot leave bitcoin due to volatility because when they take step towards investment or trading they accept the fact of volatility but they will overcome their stress after involving in it.









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June 07, 2023, 10:40:02 PM
 #33

There wasn't really much to predict about what had been happening in the crypto market via the ups and downs of the price of bitcoin. It will be challenging to make predictions about the future of the crypto market. The ideal strategy for every investor in the current crypto market is to purchase bitcoin for a cheap price and then sell it for a high price, or to use the DCA method. Nothing further. Given that everyone investing in bitcoin hopes to profit from it

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June 07, 2023, 10:43:21 PM
 #34

We all know that it is impossible to predict the future of the crypto market. However, according to the current world economy, the market is still in a good position. Still, who knows if there is even any news or when this market will turn around again. According to the economy going down a bit too slowly can new investments be made at the moment.
Have you seen the recent news about SEC vs Binance, this can affect the price on the market and we will see after the news event the price goes down because there will be a lot of panic by investors plus one of the exchanges is attacked then what is more worrying is bankruptcy the same goes for any other exchange.

Say new investment at this time? Well, you're not wrong, even if you enter as a beginner investment, it's still pretty good for the current price, but after you enter, don't look at the news that's happening because it will increase again, plus maybe you don't understand how the crypto market journey will be filled with lots of FUD.

Some already made the statement that it was because of the sudden news that triggers some investors take their leave from using the exchange while some also attribute the recent drop in the market price for bitcoin at $25,000 was due to this same news, i may not actually disagree with this becau the effect of breaking news have some part it takes in determining the market value even though in it own little way, yet we still have the rise back to normal where it started dropping at $27,000, we cannot just predict a volatile cryptocurrency like bitcoin accurately because of the numbers of indications that constitute it's market price value.

Recent news about binance is the main reason why we experiencing this dumps. And I don't see any other reason aside from that since many are speculating about huge dump once US succeed to thrown out Binance into their country. Although news like this is sometimes an indicator but sometimes there are turn of events that we can't expect so we need to see those possibilities and prepare some funds if we want to risk some money to trade.
Doesnt matter if there would be some banning or blocking or suspending services on a certain country specially on touching up Binance because sooner or later if ever the market did make out some dump, it would really

be making some later recovery and we arent that blind on how this market works and behaves when it comes to fundamentals or news something correlating into this. Prediction? Its always been having that kind of approach on which speculative words and analysis would really be always in line due to random market movements. We do know that news or events arent most of the time do make out some impact, there are moments
which do make out some significant impact and there are times which arent.

If you are that someone who do make use of  FA on your trading or investment analysis then it wouldnt be still giving out an assurance that it would be always a good call.
Invest on something that you could afford to lose because risks is always been there and its something that should be accepted personally.

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June 08, 2023, 01:23:52 PM
 #35

We all know that it is impossible to predict the future of the crypto market. However, according to the current world economy, the market is still in a good position. Still, who knows if there is even any news or when this market will turn around again. According to the economy going down a bit too slowly can new investments be made at the moment.
Have you seen the recent news about SEC vs Binance, this can affect the price on the market and we will see after the news event the price goes down because there will be a lot of panic by investors plus one of the exchanges is attacked then what is more worrying is bankruptcy the same goes for any other exchange.

Say new investment at this time? Well, you're not wrong, even if you enter as a beginner investment, it's still pretty good for the current price, but after you enter, don't look at the news that's happening because it will increase again, plus maybe you don't understand how the crypto market journey will be filled with lots of FUD.
I think there won't be too much, coinbase is not a big deal and it will not be punished. First of all it's an American company, meaning there are a lot of American money in it and it has to be doing something quite big in order for it to drop a lot, and to think that it will not be punished is not naive but realistic because SEC would do something that would hurt so many Americans if they actually did something.

So, why are they looking into it? To make it look like it's more fair, they are looking into Binance right now and the .us version is getting the short end of the stick, so if they did that to Coinbase as well, even if just on paper, then it will look like it has nothing to do with foreign investors, because if CZ gets punished without any other company, then foreign investors would think twice before entering USA market.

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June 08, 2023, 05:24:43 PM
 #36

I think there won't be too much, coinbase is not a big deal and it will not be punished. First of all it's an American company, meaning there are a lot of American money in it and it has to be doing something quite big in order for it to drop a lot, and to think that it will not be punished is not naive but realistic because SEC would do something that would hurt so many Americans if they actually did something.

So, why are they looking into it? To make it look like it's more fair, they are looking into Binance right now and the .us version is getting the short end of the stick, so if they did that to Coinbase as well, even if just on paper, then it will look like it has nothing to do with foreign investors, because if CZ gets punished without any other company, then foreign investors would think twice before entering USA market.
CZ says the funds from the Binance.US company are $2 billion so he argues about the abuse and that everything that never leaves the platform means the funds are safe?
It seems that CZ will never mind because he always challenges what is in the FUD news because he ensures that what is being done to the American-based company is according to the procedure.

Some say that the SEC is always looking for faults in the crypto space and this has happened several times with other platforms so I think this news has certainly made a lot of people panic even though it won't affect Binance global.

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June 08, 2023, 06:28:34 PM
 #37

We all know that it is impossible to predict the future of the crypto market. However, according to the current world economy, the market is still in a good position. Still, who knows if there is even any news or when this market will turn around again. According to the economy going down a bit too slowly can new investments be made at the moment.

The crypto market is doing very well now, after a few days ago the Bitcoin price was dumped due to the SEC bad news and now it is recovering quickly,
I think Bitcoin is not that easy to be bearish anymore, and hopefully this is a sign that the crypto market has entered a bullish season.
I check the price of Bitcoin after seeing your post and it seems you are correct because the price was over $26k again. To be exact, it was Binance who are being accused with the SEC but the issue might be solved already. I know this won't be the last but it's okay if it only happens on smaller companies and not with Binance because it was like the foundation of crypto already and once it collapsed, it will cause a chaos in the crypto world. It's not easy for Bitcoin to be bearish anymore because people already have a confidence with it. It's not about the upcoming bull run. People do also have a trust with Binance so they did not panic for a while.
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June 08, 2023, 08:13:27 PM
Last edit: June 08, 2023, 08:28:29 PM by usekevin
 #38

With the current standard,the crypto currency market had good future.Because the people all around the world had their ten percent of their assets in the crypto currency now.The original value of bitcoin was good among the crypto currency traders.Before the bitcoin price was struggled to reach the value of 10k dollars hard before,now the market purely depends on the bitcoin and his price.When the stake was increased gradually by the holding people of bitcoin,then the bitcoin value will increase due to the fixed supply of bitcoin.
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June 08, 2023, 09:44:46 PM
 #39

We all know that it is impossible to predict the future of the crypto market. However, according to the current world economy, the market is still in a good position. Still, who knows if there is even any news or when this market will turn around again. According to the economy going down a bit too slowly can new investments be made at the moment.

The crypto market is doing very well now, after a few days ago the Bitcoin price was dumped due to the SEC bad news and now it is recovering quickly,
I think Bitcoin is not that easy to be bearish anymore, and hopefully this is a sign that the crypto market has entered a bullish season.
I check the price of Bitcoin after seeing your post and it seems you are correct because the price was over $26k again. To be exact, it was Binance who are being accused with the SEC but the issue might be solved already. I know this won't be the last but it's okay if it only happens on smaller companies and not with Binance because it was like the foundation of crypto already and once it collapsed, it will cause a chaos in the crypto world. It's not easy for Bitcoin to be bearish anymore because people already have a confidence with it. It's not about the upcoming bull run. People do also have a trust with Binance so they did not panic for a while.
Fundamentals or news like this is really not that something new on which there are really things that could happen along the way on which it cant really be avoided that it would really be affecting the market

condition on which it could neither drop or pump basing up on the news that had been shown.Now we are seeing about Binance vs SEC thing on which it did bring out negative impact but hows the impact?
Isnt it really that too negative or deep decrease? No its not because we didnt dip down below $25k which i do consider out to be still a good condition on which the price had that strong support on that 25k point.The fact that im able to snip out some buybacks on that price and now the the price had starting to climb up on which if ever you had able to buy back that price point then you are really that
on gains now. If you are already that veteran or old into this space then these movements arent really that shocking anymore but it seems that there are lots arent still get used into it
and do keeps on freaking out.

R


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June 09, 2023, 04:38:44 AM
 #40

No one can predict future market conditions, if this can be done then they are just guessing, everyone just keeps buying because they hope the future price will improve, other than that usually people who like to guess don't do anything, just give guesses, I even followed several people who gave 2 guesses, namely the price will skyrocket and the price will decrease, if something goes wrong, the post will be deleted.


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