Today there was a nice rise in the price of bitcoin. However, it may take a short time. I'm getting nervous. Because I don't see any reason for the ascension. I'm looking for a logical reason for ascension.
Do not bother, many traders are always trying to find a reason to explain why the market does what it does but there is none, it is better to just look at the markets and react to what they are doing, that way you do not waste time trying to identify things that are not out there, this may seem odd especially to those that like to use fundamentals to predict the market but it is by far the best method that I have found to make money in the markets. 
Topic: 24.09.2019 - another black day in crypto? (Red Market) reason? (Read 2687 times)
October 09, 2019, 12:53:55 PM
Today there was a nice rise in the price of bitcoin. However, it may take a short time. I'm getting nervous. Because I don't see any reason for the ascension. I'm looking for a logical reason for ascension.
October 09, 2019, 06:51:19 AM
Looking back on the crash last month, it seems like that the main reason that propelled it are:
1. The FUD regarding the bitcoin hash rate drop
2. $10k support in BTC not holding, which led to a greater psychological effect on the rest of the market, also propelling the entire altcoin market down with it
At the end of the day, what I see is just a panic dump due to irrational market forces.
There is no reason to say that we're back into a bear market just yet. We'd have to wait and see where this thing bottoms, or whether a recovery occurs straight away.
1. The FUD regarding the bitcoin hash rate drop
2. $10k support in BTC not holding, which led to a greater psychological effect on the rest of the market, also propelling the entire altcoin market down with it
At the end of the day, what I see is just a panic dump due to irrational market forces.
There is no reason to say that we're back into a bear market just yet. We'd have to wait and see where this thing bottoms, or whether a recovery occurs straight away.
October 09, 2019, 06:14:43 AM
just going up and down as usual I guess because the fall is not very drastic in the normal sense, in the near future we will see the market will recover, there's nothing to worry about.
but if the decline is more than 5-10% there may be a lot of sales (DUMP) as we saw at the beginning of October where BTC dropped from $ 10,000 to $ 8,000.
but if the decline is more than 5-10% there may be a lot of sales (DUMP) as we saw at the beginning of October where BTC dropped from $ 10,000 to $ 8,000.
October 08, 2019, 12:03:59 PM
wtf? market is red :/ everithyng is red.
have any idea, what is reason?
or its just (only) Pump - Dump game?
Another whales has sold millions of dollars worth in BTC and this caused another market crash. Furthermore, on the 23rd Bakkt exchange was launched and the trading volume was around 20 BTC which disappointed everybody.
By the time bitcoin is already like 1 million dollars, it would be impossible for a whale to even accumulate more than 500 coins at a goal, unlike the way they are just using their billions of dollars to buy as much as they want. It is really bad that their activities coincided with the bakkt release, I am sure if bakkt had known of such intention, they would have postponed their release date, which I believe that bakkt had nothing to do with this crash.
October 07, 2019, 03:29:16 AM
wtf? market is red :/ everithyng is red.
have any idea, what is reason?
or its just (only) Pump - Dump game?
Another whales has sold millions of dollars worth in BTC and this caused another market crash. Furthermore, on the 23rd Bakkt exchange was launched and the trading volume was around 20 BTC which disappointed everybody.
October 06, 2019, 01:50:30 PM
wtf? market is red :/ everithyng is red.
have any idea, what is reason?
or its just (only) Pump - Dump game?
Not to be as crass, but it's most likely just part of the pump n dump cycle.
Bitcoin price value is highly affected by gossip, rumors, and news. So when people heard that the new Bakkt bitcoin exchange only had 7 bitcoin volume on first day (compared to CME futures which did 5000+) coupled with the fact that the VanEck SolidX bitcoin ETF was being shut down, people naturally over-panicked and oversold.
As we see tho, bitcoin is again on the rise just in time for the pump. The cycle continues..
Rumors and news that affects the holders decision making, It's tough to decide when majorities are already taking sides. Best to make a deeper research and take your time to assess never to rush to avoid making a huge loss of your investment.
October 06, 2019, 01:19:32 PM
OK, about a week since the OP has opened this thread, I do hope that you guys by this time understand how this market works. It's a series of cycles, last week we're in red but today we are seeing the market bouncing back. So if you panic last week and sold your coins, I'm sure you are somewhat regretting your decision by today. So let that be a lesson for everyone here, it's not really the end of the world when we suddenly see the market crash. It's how we're played by manipulators and it's how people react to the news. Just be calm and you don't need to panic you just have to use your common sense and think about the long term.
To me what we are seeing is not the market bouncing back, to me this is just noise, yes the market recovered a little bit but that was only because the crash that we experimented was so massive that a correction was a must, but I will agree with you when you say that we must be very calm when we are in this market because even that crash was not so significant, after all the price is still above 8k and that is still way better than the price at the beginning of the year. October 04, 2019, 07:22:04 AM
wtf? market is red :/ everithyng is red.
have any idea, what is reason?
or its just (only) Pump - Dump game?
Not to be as crass, but it's most likely just part of the pump n dump cycle.
Bitcoin price value is highly affected by gossip, rumors, and news. So when people heard that the new Bakkt bitcoin exchange only had 7 bitcoin volume on first day (compared to CME futures which did 5000+) coupled with the fact that the VanEck SolidX bitcoin ETF was being shut down, people naturally over-panicked and oversold.
As we see tho, bitcoin is again on the rise just in time for the pump. The cycle continues..
October 04, 2019, 03:40:55 AM
reason: end of month + price cycle of 4 years.
buy when things are red and sell when everything is green
I think that I agree with you about this, and this is the right time to buy when the market is red so that we can have that opportunity to earn big when the market is green again, but when we are investing during this period that many coins will also be tried, we have to carefully select which coin that we will invest in because not all the coins that you see will survive the next altcoin season.buy when things are red and sell when everything is green
Many of them will die with this bear market now and this extreme deep may never allow them to rise again, the projects that I see have the tendency of rising are projects that are within the top 200 now, I think those are the coins that we can always aim to buy anytime that the market goes red on them, they are the ones that serves as blessing to us during bull run.
October 03, 2019, 12:33:35 AM
If there's a dump, there's a counterpart and turnover of it. These red market will never cease to happen but the recovering of the market will do the same too. That's the logic in this market and you have to get used to it in able for you to survive.
Avoid being emotional because it will push you to more losses. And don't be surprised if we get to see the market on red because we're not even surprised when we see the market to be delightful in our eyes.
Avoid being emotional because it will push you to more losses. And don't be surprised if we get to see the market on red because we're not even surprised when we see the market to be delightful in our eyes.
October 02, 2019, 11:01:58 PM
wtf? market is red :/ everithyng is red.
have any idea, what is reason?
or its just (only) Pump - Dump game?
People should stop posting thread like this marking a date for every drop of the prices, it's very natural for a highly volatile market, I don't see anything reason on it, some slip has a news attach to it some don't have at all, so goes for the price whenever it's increasing, people like you who posted this kind of threads are more like a moron, and you did not invest what you can afford to lose.
October 02, 2019, 09:25:33 AM
reason: end of month + price cycle of 4 years.
buy when things are red and sell when everything is green
buy when things are red and sell when everything is green
October 02, 2019, 09:23:44 AM
i think that looking for reasons is the biggest waste of time
you can never know the real reason
you can never know the real reason
This is not a waste of time, finding a reason is a way of us as a trader to do research. Research is not only about fundamental analysis, but sentiment analysis is needed too. Cryptocurrency may be full of manipulation but not all of them are,
for example the time when China banned Bitcoin. Because of this reason, the price crashed. And now the price crashed again, so we should know what is going on.
To prepare for the worst and find an alternative way to counter the problem.
Now, I believe the biggest reason why Bitcoin crashed is due to Bakkt. It did not meet our expectation, the price recovered quite a bit before the announcement of Bakkt.
and because of this too, we lost our reasoning and decide to dump it.
October 02, 2019, 08:41:07 AM
wtf? market is red :/ everithyng is red.
have any idea, what is reason?
or its just (only) Pump - Dump game?
October 02, 2019, 08:29:05 AM
OK, about a week since the OP has opened this thread, I do hope that you guys by this time understand how this market works. It's a series of cycles, last week we're in red but today we are seeing the market bouncing back. So if you panic last week and sold your coins, I'm sure you are somewhat regretting your decision by today. So let that be a lesson for everyone here, it's not really the end of the world when we suddenly see the market crash. It's how we're played by manipulators and it's how people react to the news. Just be calm and you don't need to panic you just have to use your common sense and think about the long term.
Actually put emotion in trading or an investment is bad idea. When panic come, and we sell our assets because of dump, we can be regret like what you said. And what make it worse, when price suddenly increased and we don't have any assets anymore, we will buy in whatever it's price. We don't know if they invested a lot of money or just too ignorant about what's crypto investment is all about. So most of them regret selling, or thinking of going back to the market and buy again at a a high price, dumb move and I'm sure they have learn their expensive lessons here.
October 01, 2019, 06:41:41 PM
OK, about a week since the OP has opened this thread, I do hope that you guys by this time understand how this market works. It's a series of cycles, last week we're in red but today we are seeing the market bouncing back. So if you panic last week and sold your coins, I'm sure you are somewhat regretting your decision by today. So let that be a lesson for everyone here, it's not really the end of the world when we suddenly see the market crash. It's how we're played by manipulators and it's how people react to the news. Just be calm and you don't need to panic you just have to use your common sense and think about the long term.
October 01, 2019, 04:05:45 PM
i am not pretty sure what going on about a few days ago.
but , i have a little speculation, probably because
1.BTC hashrate suddenly unhealthy
2.launch of BAKKT make some sentiment to market.
3.about SEC opinion to Bitcoin ETF which is still unclear
or all of them , because for some reason ,all of that,happened before BTC going drop.
but , i have a little speculation, probably because
1.BTC hashrate suddenly unhealthy
2.launch of BAKKT make some sentiment to market.
3.about SEC opinion to Bitcoin ETF which is still unclear
or all of them , because for some reason ,all of that,happened before BTC going drop.
thanks for compilation. i think hashrate drops more possible. other possibilities just specs and especially etf talkings continued while 2 years ago
October 01, 2019, 03:21:17 PM
wtf? market is red :/ everithyng is red.
have any idea, what is reason?
or its just (only) Pump - Dump game?
October 01, 2019, 02:44:16 PM
i think that looking for reasons is the biggest waste of time
you can never know the real reason
you can never know the real reason
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