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[Potuse]

Bearish trends in the crypto market have recently caused lots of havoc. There are so many investors that have recorded huge losses, general lack of confidence, negative mood, and concerns about future regulations are the main cause of the downtrend. In short, a number of reasons have contributed to the current market downturn.

The crypto analysts are not sure of what is causing the bearish tendencies in the cryptocurrency market, but it is thought that a number of reasons.

What are the reasons for the downturn in the cryptocurrency market?

 

[Wisdom01]

Their might be many reasone for the crypto price crash... In my opinion crypto indirectly depends on fiat currency. Because, if people are in need of money, they are gonna sell of the cryptos. On the other hand, if they have sufficient money, they are not gonna pull of the cryptos. I think this is what happening right now. The world is facing a huge inflation. Poverty rate is increasing in many countries.. Beside many people are losing faith and are uncertain about crypto.

The world is facing the hit of inflation , things aren't moving to the expectations I want , with proverty brewing up I think the government are the ones to create more employment opportunities that would satisfy many , if the unemployment issues keeps increasing it's really going to cause more problem

 

[BullyMaguire]

Their might be many reasone for the crypto price crash... In my opinion crypto indirectly depends on fiat currency. Because, if people are in need of money, they are gonna sell of the cryptos. On the other hand, if they have sufficient money, they are not gonna pull of the cryptos. I think this is what happening right now. The world is facing a huge inflation. Poverty rate is increasing in many countries.. Beside many people are losing faith and are uncertain about crypto.

Fact, if someone needs money they're gonna take it on their crypto currency holdings.. due to the world crisis and high inflation people needs money. On the other hand if everything is going well and people have money they're gonna put some in crypto currency as well so it has a positive effect too

 

[btaliat]

I'm almost sure that this is not the end of Crypto market but a lot more is about to come and there are many countries in Europe that are fighting inflation and So the interest rates hikes have always casted negative effects on the market so that is why downside is still more popular and possible opinion but at the moment the market looks slightly more stable in its condition than over a week ago which is agood thing .

The end of crypto is not near and I don't think anyone is even envisaging that. And if anyone is doing that because of this recent bearish market, definitely, the person may be a rookie or may be the person has not really studied how crypto works. Smart traders make money whether bearish or bullish.

 

[Wisdom01]

Fact, if someone needs money they're gonna take it on their crypto currency holdings.. due to the world crisis and high inflation people needs money. On the other hand if everything is going well and people have money they're gonna put some in crypto currency as well so it has a positive effect too

Yeah inflation is really taking toll and the economy is bad so many people needs money hence they are now more greedy , no one wants to buy heavily ,that's why the market pump figure have been really low , it have been having slow movement and short volatility , the buying index isn't too high and it's not suppose to be like that

 

[BullyMaguire]

Yeah inflation is really taking toll and the economy is bad so many people needs money hence they are now more greedy , no one wants to buy heavily ,that's why the market pump figure have been really low , it have been having slow movement and short volatility , the buying index isn't too high and it's not suppose to be like that

Everything is expensive now so people needs cash so they take can't put more money in crypto but take instead. But it will get better eventually so if we have spare money we can buy crypto to prepare for when they take off again.. that's what i do nowadays.. but choosing if i need to use cash i take on my portfolio too

 

[Wisdom01]

Everything is expensive now so people needs cash so they take can't put more money in crypto but take instead. But it will get better eventually so if we have spare money we can buy crypto to prepare for when they take off again.. that's what i do nowadays.. but choosing if i need to use cash i take on my portfolio too

Things are now very much expensive truly , I hope the rate at which it's going up reduces , the people buying are getting tired , they can't keep up with the daily inflation , I think the worse part is that despite the fact that things are increasing ,some salaries are still fixed and nothing have changed for now

 

[GoldenLady]

Whatever goes up, must surely come down. Without considering all the news and events tht could be said to be responsible for the bear market, price action and indicators like the fear and greed index and RSI showed that everything was overbought.

A correction would be necessary to continue with the momentum.

 

[Potuse]

Whatever goes up, must surely come down. Without considering all the news and events tht could be said to be responsible for the bear market, price action and indicators like the fear and greed index and RSI showed that everything was overbought.

A correction would be necessary to continue with the momentum.

This calls for alarm because if the market continues in the downtrend, it will definitely cause more hardship to investors. The consistent decline in the cryptocurrency market will continue to make investors who do not want to incure further losses to liquidate their digital assets and it will further cause continuous decline.

 

[Wisdom01]

This calls for alarm because if the market continues in the downtrend, it will definitely cause more hardship to investors. The consistent decline in the cryptocurrency market will continue to make investors who do not want to incure further losses to liquidate their digital assets and it will further cause continuous decline.

More hardship would be really caused , because most cryptocurrency investors actually needs more market boost to ginger them into investing in the market ,but if things aren't moving in a proper way ,I think many of the cryptocurrency investors won't be happy as they would be down no doubt

 

[Yugocean]

Why ?
All markets are down, and crypto market depends on public investment, so when public life is down, market will be down too. We have a choice of keep buying the dip, who knows when market start bull run, and then we will regret about missing the chance.

 

[Ben Kempton]

Bearish trends in the crypto market have recently caused lots of havoc. There are so many investors that have recorded huge losses, general lack of confidence, negative mood, and concerns about future regulations are the main cause of the downtrend. In short, a number of reasons have contributed to the current market downturn.

The crypto analysts are not sure of what is causing the bearish tendencies in the cryptocurrency market, but it is thought that a number of reasons.

What are the reasons for the downturn in the cryptocurrency market?

There are various reasons why the market is plunging and I reckon that it will continue to plunge the same way. this is because The Federal Reserve has stated that they might soar the interest rates even more in the following month (November) and this is a really bad news for many cryptocurrency investors.

 

[Franca01]

The truth is that most people have lost faith in cryptocurrency and I wouldn't blame them for that because the situation called for that actually. From December last year up till this moment, there hasn't been a significant growth in the world of cryptocurrency, just consistent and massive bearish seasons. So it really need to cause havoc.

Yes, people really lost faith in cryptocurrencuy becuase the depreciation the depreciation that occurs from December till now have not yet recovered which even made people who are into long term investment to find it difficult to recover. For example, how luna depreciation just occured made people to lost faith in cryptocurrency.

 

[fiery phoenix]

Luna's deprecation had an explanation,and so does this crypto downtrend.Luna was a token meant to stabilise UST stablecoin and make it keep its $1 peg,but once UST fell below the peg,Luna failed to sustain UST to prevent the crash of both
Coming to the crypto market down trend,its being caused mainly tightening and raising interest rates-a method used to fight inflation by nations

 

[Balint098]

The general economic conditions of the world are simply awful. Many countries are still recovering from the economic devastation that COVID caused and now people have to face shortages that are caused by the war and inflation that erode people buying power, destroying their ability to invest.

 

[Potuse]

Luna's deprecation had an explanation,and so does this crypto downtrend.Luna was a token meant to stabilise UST stablecoin and make it keep its $1 peg,but once UST fell below the peg,Luna failed to sustain UST to prevent the crash of both
Coming to the crypto market down trend,its being caused mainly tightening and raising interest rates-a method used to fight inflation by nations

The lunar project has failed to improve and it has continued on a steady decline. The understandable because we are in a bearish market. The coin has lost its glory and so many people do not want to invest in it, that will cause a further decline even if the market is bullish.

 

[Ben Kempton]

The world is facing the hit of inflation , things aren't moving to the expectations I want , with proverty brewing up I think the government are the ones to create more employment opportunities that would satisfy many , if the unemployment issues keeps increasing it's really going to cause more problem

I think that now we are facing the pandemic of economical problems. Many capitalists are withholding money in the market and they are refraining from investing money. I checked the local stock market today and majority of the companies were trading in negative. Time has come to save money. @Potuse @btaliat

 

[Potuse]

I think that now we are facing the pandemic of economical problems. Many capitalists are withholding money in the market and they are refraining from investing money. I checked the local stock market today and majority of the companies were trading in negative. Time has come to save money. @Potuse @btaliat

When the market isn't moving in the favourable direction, the best decision is to refrain from investing so that you will be able to save your money from the unstable market. The best strategy to use sometimes is not to trade at all so as to stop unnecessary risk. There's no point investing in an unstable market.

 

[Ben Kempton]

When the market isn't moving in the favourable direction, the best decision is to refrain from investing so that you will be able to save your money from the unstable market. The best strategy to use sometimes is not to trade at all so as to stop unnecessary risk. There's no point investing in an unstable market.

Sometimes you may see the right kind of road, but you may not be able to drive the car properly. This is how I can describe my condition. I know that Bitcoin has become range-bound, but the fear of market crash is always in my heart. this is because the federal reserve has clearly indicated that they would increase the interest rates this month and this could have a bad effect on the market.

 

[Potuse]

Sometimes you may see the right kind of road, but you may not be able to drive the car properly. This is how I can describe my condition. I know that Bitcoin has become range-bound, but the fear of market crash is always in my heart. this is because the federal reserve has clearly indicated that they would increase the interest rates this month and this could have a bad effect on the market.

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Based on market analysis, the Bitcoin is supposed to make a rebound very soon but the government policies is the major challenge here, because they may decide to increase the interest rate again which will nullify the analysis of the Bitcoin and as a result , you will lose all your money.

 

[kalu708]

Ever since the Government of India introduced a 30% tax on Crypto profits, this downfall has been going on...