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Author Topic: What's wrong with crypto market?  (Read 718 times)

Redix

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What's wrong with crypto market?
« on: April 21, 2020, 11:17:50 AM »

Bitcoin halving is almost happening, it is only several days left. But I saw today that crypto market is decreasing quite big. I don't know what's happening. I suspect it is like a market manipulation but I am not really sure. So, anyone here can explain it why crypto market is decreasing high. Is it about Corona or manipulation?
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jenica

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Re: What's wrong with crypto market?
« Reply #1 on: April 21, 2020, 04:39:09 PM »
I think halving is just a request from investors to invest more, halving or not is the same in my opinion, but the moment of corona makes all of this real, because there is no very fast change

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OluwaTosin10

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Re: What's wrong with crypto market?
« Reply #2 on: April 21, 2020, 06:13:13 PM »
There is no reason yet as to why the market is dipping in days so close to the halving.
I think it has to do with the support levels of the tokens.

Two - 3 days before the bounty is when we should expect a bigger dip, before a spike, but it depends because crypto works in two ways.

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ansi

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Re: What's wrong with crypto market?
« Reply #3 on: April 21, 2020, 08:48:43 PM »
I think halving is just a request from investors to invest more, halving or not is the same in my opinion, but the moment of corona makes all of this real, because there is no very fast change
Actually nothing different for from last BTC Halving events so far.
Last events we see a little bit of price drop than steady prices for couple weeks / months than the Bull Wave starts.
As for this BTC Halving date, it " MAY " happen something different since e have this CoronaVirus that is affecting almost all financial market & even crypto isn't safe from since everything is related to fiat after all.


bigcash2011

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Re: What's wrong with crypto market?
« Reply #4 on: April 22, 2020, 12:22:15 AM »
Yes. One reason is definitely corona, i am quite sure if this epidemic would not have been here btc would have been over 10k by now so i think this time around market will take some time to show the colors we all want.

Redix

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Re: What's wrong with crypto market?
« Reply #5 on: April 22, 2020, 11:08:35 PM »
but the moment of corona makes all of this real, because there is no very fast change
Yep, of course no fast change . If we look at the current trend in Bitcoin price it seems survive around $7,000. Corona makes Bitcoin hard to jump and like prefer to survive at the current price.

i am quite sure if this epidemic would not have been here btc would have been over 10k
Yeah, I also think the same. The price of Bitcoin before pandemic was growing day after day. But once Corona spreads around the world, crypto market suddenly drops and the price of Bitcoin declined as well.
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tranduong123

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Re: What's wrong with crypto market?
« Reply #6 on: April 23, 2020, 05:24:55 PM »
I think many people assume that bitcoin halving will cause prices to rise, which is a misconception. They rely on history but there are many factors that influence the price of bitcoin. V

Joankii

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Re: What's wrong with crypto market?
« Reply #7 on: April 23, 2020, 06:30:15 PM »
There are two possible factors that you mentioned as manipulation and covid-19 outbreaks, but I suspect it's only group manipulation to find the lowest price to take advantage

Redix

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Re: What's wrong with crypto market?
« Reply #8 on: April 23, 2020, 10:02:39 PM »
I suspect it's only group manipulation to find the lowest price to take advantage
I also suspect if there is manipulation of price by a group of big traders or whales. Yesterday, the price of Bitcoin dropped hard but today it was rising very well. It is very different condition and I think the price movement too fast. In my opinion, it won't be like that if there is no manipulation.
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Hiltrum

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Re: What's wrong with crypto market?
« Reply #9 on: April 25, 2020, 02:03:19 PM »
All these events are undoubtedly displayed on the cryptocurrency market, including on bitcoin. Just look at the Bitcoin Price Predictions https://www.crypto-rating.com/price-prediction/ . Do you think its price has changed significantly? After all, bitcoin always keeps its owners under emotions.

twinkle

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Re: What's wrong with crypto market?
« Reply #10 on: April 25, 2020, 05:19:42 PM »
will halving increase or decrease the price of bitcoin

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Re: What's wrong with crypto market?
« Reply #11 on: April 30, 2020, 08:32:42 PM »
Do you think its price has changed significantly? After all, bitcoin always keeps its owners under emotions.
If you checked crypto market today, you must know that Bitcoin has increased significantly, followed by most of altcoins as well. What do you mean by under emotion? Patience is indeed needed to be a crypto investor. You cannot be successful in crypto investment without patience.
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Re: What's wrong with crypto market?
« Reply #12 on: May 01, 2020, 04:03:41 PM »
Do you think its price has changed significantly? After all, bitcoin always keeps its owners under emotions.
If you checked crypto market today, you must know that Bitcoin has increased significantly, followed by most of altcoins as well. What do you mean by under emotion? Patience is indeed needed to be a crypto investor. You cannot be successful in crypto investment without patience.

In addition to patience, analysis is very calculated, because after the pump almost 30% currently drop 8%.
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  • Re: What's wrong with crypto market?
    « Reply #13 on: May 01, 2020, 09:55:56 PM »
    There seems to be a slow response to the upcoming Bitcoin halving majorly because of the global pandemic currently ravaging humanity. It isn't uncommon to find a lot of people paying little attention to anything aside their safety. However, the last couple of days has seen major movements in the market with Bitcoin rallying and tasting over $9k after a couple of months. Also, the futures trading market has also seen surges with exchanges like koinpro showing good volume of trade action. These all point to the fact that Bitcoin halving is having a positive effect on price action and investments. As the day draws nearer, things will likely pick up speed.

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    Re: What's wrong with crypto market?
    « Reply #14 on: May 11, 2020, 06:33:11 PM »
    Actually this time BTC reached $10k this is the expected target right now it moving $9000 price level and we are almost close BTC halving so just wait for next move.

     

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