Why is market going down?

[Fynesttrish]

With crypto nobody knows. Everyone wonders just like you. It is all based on speculations, you can sell now or hold, it might keep going down or up at some point. you got it free so you really wouldn't loose anything ,

 

[Deleted member 1333509]

This is called market cycles.

This ^^ same patterns keep confusing new traders and making whales money, so they keep using them. 4 yearly cycle

 

[hitthefloor]

With crypto nobody knows. Everyone wonders just like you. It is all based on speculations, you can sell now or hold, it might keep going down or up at some point. you got it free so you really wouldn't loose anything ,

I would lose. From the moment I got it and current market rates the total amount dropped ~60$, I've couldn't cashout it earlier, prob the best bet would be wait until it rises again.

 

[Fynesttrish]

I would lose

You got it free so you are not losing , it can get worse. I have seen coins get from $100 to $1 while waiting for it go higher

Not a financial advice anyways, just informing you

 

[Mr Positive]

It’s normal simply hodl them no need to panic

 

[Deleted member 1333509]

It’s normal simply hodl them no need to panic

Haha no need to panic when an investment loses 99% of its value. This is why whales make so much - I honestly believe that HODL was an artificially created crypto catchphrase in order to trick noobs into patiently watching their money disappear.

 

[Mr Positive]

Haha no need to panic when an investment loses 99% of its value. This is why whales make so much - I honestly believe that HODL was an artificially created crypto catchphrase in order to trick noobs into patiently watching their money disappear.

It was 10 cents then few hundred dollars, went to $1000 dollars crashed and went back 700$ bounced to $20k again crashed to $3.5k and bounced back $14k investors can sell if they wish but bitcoin is all about holding, and till you don’t sell your coins there’s no loss simple.

 

[kasak100]

nobody knows. It can drop, it can increase, it can reach all time high or it can reach lows again. What I know (believe), that in long term btc price will reach $20k, $50k and $100k for sure.

Crypto today is only pump and dump and stop loss by whales. Some people will tell you "Bitcoin will go to 50k and I will get all my money back I lost Q1 2018" but that is bullshit. That is not how the market works and especially not crypto, it won't push back to high 5 digits out of nowhere, Q4 2017 it got to 20k and why? Because every mainstream channel was talking about it and there were a fuck ton of private investors and large banks getting into the game. After the bubble burst, no private investor in their right mind would reinvest in Bitcoins, let alone alt coins. Buffet and senior Bankers from Goldman Sachs, Blackrock and Citi have all said bitcoin is not worth the hassle and the only whales that are left are some asian banks that fuck around with margins. Even if you believe in the system, big money does not come from crypto fans, it comes from banks and a shit ton of private investors that worship Buffet & Co like a god.

Bitcoin is not coming back, at leat not as a good investment opportunity. Truth hurts sometimes.

 

[Adam718]

Crypto today is only pump and dump and stop loss by whales. Some people will tell you "Bitcoin will go to 50k and I will get all my money back I lost Q1 2018" but that is bullshit. That is not how the market works and especially not crypto, it won't push back to high 5 digits out of nowhere, Q4 2017 it got to 20k and why? Because every mainstream channel was talking about it and there were a fuck ton of private investors and large banks getting into the game. After the bubble burst, no private investor in their right mind would reinvest in Bitcoins, let alone alt coins. Buffet and senior Bankers from Goldman Sachs, Blackrock and Citi have all said bitcoin is not worth the hassle and the only whales that are left are some asian banks that fuck around with margins. Even if you believe in the system, big money does not come from crypto fans, it comes from banks and a shit ton of private investors that worship Buffet & Co like a god.

Bitcoin is not coming back, at leat not as a good investment opportunity. Truth hurts sometimes.

There are millions of opinions and everybody are correct Let's just wait and see what happens next.

 

[Deleted member 1333509]

Crypto today is only pump and dump and stop loss by whales. Some people will tell you "Bitcoin will go to 50k and I will get all my money back I lost Q1 2018" but that is bullshit. That is not how the market works and especially not crypto, it won't push back to high 5 digits out of nowhere, Q4 2017 it got to 20k and why? Because every mainstream channel was talking about it and there were a fuck ton of private investors and large banks getting into the game. After the bubble burst, no private investor in their right mind would reinvest in Bitcoins, let alone alt coins. Buffet and senior Bankers from Goldman Sachs, Blackrock and Citi have all said bitcoin is not worth the hassle and the only whales that are left are some asian banks that fuck around with margins. Even if you believe in the system, big money does not come from crypto fans, it comes from banks and a shit ton of private investors that worship Buffet & Co like a god.

Bitcoin is not coming back, at leat not as a good investment opportunity. Truth hurts sometimes.

I agreed with all of this until the last line. It's actually a really good assessment of the situation.

Bitcoin for sure will be worth above $100,000 within the next 2 years, multiple legitimate analysts have concluded this and everything is logically pointing towards it.

The only real question is if right now at roughly this point we're touching the bottom, or it will be upcoming in the next months.

 

[Adam718]

I agreed with all of this until the last line. It's actually a really good assessment of the situation.

Bitcoin for sure will be worth above $100,000 within the next 2 years, multiple legitimate analysts have concluded this and everything is logically pointing towards it.

The only real question is if right now at roughly this point we're touching the bottom, or it will be upcoming in the next months.

Totally agree.
I am thinking that the price could drop to $5k-$6k before ATH.

 

[Salamouna]

In my dreams I saw BTC on 7200 so when I woke up I sold some

 

[Deleted member 1333509]

Totally agree.
I am thinking that the price could drop to $5k-$6k before ATH.

If it gets through 7725 there's a good argument for it to reach the midway point between 5 and 6k. There is a strong long term trend line currently approaching at 7800 if it bounces off that be ready for an increase back to above 9k. It's already broken out on the 25th, this pull back would be congruent with a change in trend to the upside

 

[CryptoKujira]

If it gets through 7725 there's a good argument for it to reach the midway point between 5 and 6k.

Agreed.

We're at major line of support right now. It if falls through this line, it should bleed down to around 6k. If that can't hold, then more retrace all the way to the 3.2k might be on the cards. That would definitely break the spirit of hodlers who are expecting a big end of the year holiday pump.

 

[Deleted member 1333509]

That would definitely break the spirit of hodlers who are expecting a big end of the year holiday pump.

For anyone relatively new to trading crypto and who're asking "why is x going down, why does crypto move this way" - this is the most important sentence to read and digest.

The aim of the game for organisations that have multimillions to invest every day and have the most advanced trading bots and hardware in the world is "how can we f**k up trader's head the most by what we do in order to generate irrational emotional reactions?"

If most people are hoping for something, logic dictates that whales and funds can make much more by making the opposite happen than it costs to execute all the trades required to make it happen.

 

[iamaruf]

Looking at the market prices, most of the coins dropped alot in the last 7 days and still does. Why is that happening? Please note, that I'm not an investor, just recently got some crypto for free and wondering if the prices will go back to it's state anytime soon.

Maybe price is falling for black friday.people selling there coins for fiat. Market will be well within 15december (in my view)