Quote from: adaseb on August 16, 2018, 06:47:57 AM

Quote from: agus_sna on August 16, 2018, 06:35:49 AM

What do you think of other crypto currency users, what do you think about when the price of crypto currency goes down like this?

Don't know if this is a serious question or just badly worded but...

The crypto markets will stop falling when the sellers and buyers are balanaced out. Then it will trade sideways.

It will go up when there are more buyers than sellers.

Its falling for many reasons, however mostly due to people getting emotional about losing money who bought earlier in the year and are sitting at 50-90% losses in their portfolio.

Quote from: BitMaxz on August 16, 2018, 10:47:02 PM

No one can predict if the cryptocurrencies will continue to fall because all coins on coinmarketcap is unpredictable.

However, look at the price movement today seems the price of other coins and bitcoins stopped falling so I think the bear market is almost done.

Since bitcoin has a strong support and it has a strong resistance at $6k value, it's possible that the price will rise up again.

Check the Coinmarketcap there are two exchanges that the volume suddenly rise quickly. So, I think there are big whales investing back again to hold and wait for the price rise again.

Yeah, he needs to re-phrase his question. Maybe, he wants to know the perspectives of other crypto users.
And yes, you'll never know the actual occurrence in the market so it's really hard to predict.
If you are already a long time trader, you know at least when to risk your money.
And you know how to strategize not to lose a lot of money.
I think, this is just another phase of bitcoin price dip, it will still go up.
Remember, crypto world is becoming bigger and bigger so it means, bitcoin has still future.