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Topic: A crash where Bitcoin wasn't responsible should be treated as such (Read 483 times)

wagmi
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A crash where Bitcoin wasn't responsible should be treated as such
July 24, 2022, 05:37:12 AM
#59
Quote from: doomloop on May 26, 2022, 02:29:43 AM
Quote from: wagmi on May 15, 2022, 10:34:16 AM
People should be aware for a similar situation: Bitcoin wasn't responsible for what happened, Bitcoin was safe, working as usual and as usually proven since Bitcoin was started. No need to sell Bitcoin.
People need to learn to be wise and don't sell Bitcoin when different Altcoins are having techical problems. It will likely happen a lot more because we have a lot of shady Altcoins!

A very good recommendation: don't sell Bitcoin when a different Altcoin crashes!

After all, such crashes will only re- distribute coins from weak hands to strong hands (HODLers).
To be succesful means to understand Bitcoin is independent from Altcoins and to understand HODL.  Smiley
Yeah, bitcoin isn't responsible to anything that happens here but it was the people's responsibility. They are the ones that invest here. They are also the ones that creates the price. There are people that will sell but it does not mean that they are panicking but maybe they just need money.
When it is a crash, it's too much sell pressure.
It was clearly not a rational decision because of a lack of education.
When we have more education (Bitcoin isn't affected), less people will sell and we won't get such a huge crash, bro.

Quote from: doomloop on May 26, 2022, 02:29:43 AM
If alts crash then why would someone sell their btc's? They did sense that btc will follow next?
Yes, it was based on misconception, because Bitcoin wasn't responsible. Some ppl made a huge loss.
Never sell.

Quote from: doomloop on May 26, 2022, 02:29:43 AM
It will be more acceptable that people will sell alts when they saw that btc crash first because alts are definitely going to follow. Just don't stress yourself too much as there will always be people that won't get it but better to focus only your own.
We need to avoid crashes by educating ppl.
Because when people do not sell, it won't result in a crash.
Especially when Bitcoin isn't affected at all.
Some shitcoins have huge problems and will crash but it's NOT Bitcoin's issue,
People need to educate and to learn.
Jating
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Re: A crash where Bitcoin wasn't responsible should be treated as such
June 03, 2022, 04:56:56 PM
#58
Quote from: Silberman on June 03, 2022, 04:28:16 PM
Quote from: Captain Corporate on May 31, 2022, 05:23:01 PM
Of course recovery will happen, I can't talk about if it will be fast or not, but I can say that it will happen. This is why I believe that we should be just holding for the time being. Maybe it will happen soon, maybe it will happen very late, but I know for a fact that it will eventually happen. So we should not just hope for a quick one and leave it at that, we should just hold even for a very long term one. That will get things going very profitably for us in the long run, people who buy from the current prices will end up with making a ton of money in the long run and that should be good enough of a reason to buy and hold.
You are right but it is precisely that uncertainty the one that ends up making a lot of people to sell their coins for a bad price, we know bitcoin has experimented both bull runs and crashes, however bitcoin always comes back stronger after each crash but it takes time for it to recover, and since the 2017 crash was so profound and it lasted for so long people are afraid that something like that could happen again, and when we also take into consideration that many of those which invested during the last bull market never had any intention to hold for so long then we can see how it can be difficult for them to endure this bear market.

If it happen again like the 2018-2020 bearish trend then so be it. Just proved that we are indeed in a cycle and there are factors that can affect the price whether we like it or not. The Luna effect was not seen I supposed, because we even have a thread that they are the one causing a good bounce to above $45k if I'm not mistaken because they are buying their reserves with bitcoin. But it was the wrong move as it triggers a domino effect that literally put their price to 0 and then bitcoin going down below $30k because they have to cover what they have lost. Nevertheless, this bear market has open up new opportunities to us to buy cheap bitcoin again and keep on going until this bear market ends in 2 years.
Silberman
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Re: A crash where Bitcoin wasn't responsible should be treated as such
June 03, 2022, 04:28:16 PM
#57
Quote from: Captain Corporate on May 31, 2022, 05:23:01 PM
Of course recovery will happen, I can't talk about if it will be fast or not, but I can say that it will happen. This is why I believe that we should be just holding for the time being. Maybe it will happen soon, maybe it will happen very late, but I know for a fact that it will eventually happen. So we should not just hope for a quick one and leave it at that, we should just hold even for a very long term one. That will get things going very profitably for us in the long run, people who buy from the current prices will end up with making a ton of money in the long run and that should be good enough of a reason to buy and hold.
You are right but it is precisely that uncertainty the one that ends up making a lot of people to sell their coins for a bad price, we know bitcoin has experimented both bull runs and crashes, however bitcoin always comes back stronger after each crash but it takes time for it to recover, and since the 2017 crash was so profound and it lasted for so long people are afraid that something like that could happen again, and when we also take into consideration that many of those which invested during the last bull market never had any intention to hold for so long then we can see how it can be difficult for them to endure this bear market.
Jating
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Re: A crash where Bitcoin wasn't responsible should be treated as such
June 02, 2022, 06:06:31 AM
#56
Quote from: TravelMug on May 31, 2022, 07:25:55 PM
Quote from: Captain Corporate on May 31, 2022, 05:23:01 PM
Of course recovery will happen, I can't talk about if it will be fast or not, but I can say that it will happen. This is why I believe that we should be just holding for the time being. Maybe it will happen soon, maybe it will happen very late, but I know for a fact that it will eventually happen. So we should not just hope for a quick one and leave it at that, we should just hold even for a very long term one. That will get things going very profitably for us in the long run, people who buy from the current prices will end up with making a ton of money in the long run and that should be good enough of a reason to buy and hold.

We already have, after this news, the price suffered and went below $30k. And as want we have discussed, this kind of debacle will have just a short term effect on the price. Now, if you are going to look at the price in the last 24 hours, we have a good recovery, and we even going to touch $32k this week I reckon. We just need not to panic because in the long run (whatever how long it will take), the price will soon back back and then we will not realized it but we are in a bull run again.

Not so fast though, as the price goes ~$30k as of this time.

Nevertheless, I still wanted to be positive this month, and this is still a buy zone for me. At $29k, anyone can make profits out of it specially if you are going to hold long term. And with that, my speculation is that we might see a positive trend to even $35k or higher at the end of the month.
doomloop
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Re: A crash where Bitcoin wasn't responsible should be treated as such
June 02, 2022, 04:01:26 AM
#55
Quote from: Reid on May 29, 2022, 04:29:38 AM
Shit like this happened before and so it will happen again. It will just pass.
The trend may not be over but it's slowing down. Many investors and supporters of Luna doesn't have the same energy anymore and they just want out, that's why they stay.
What they can do? They are suppose to hype the new Luna for their ROI. They need to help or else it won't happen.
Back to Bitcoin from OP which I agree mostly, markets of altcoins should stay with altcoins, it should not be suggested to sell Bitcoin whenever they fall.
The Luna case was a good example.
It slows down a bit because major decrease like 1k to 2k drops have rarely seen and the price have also gotten stable lately but its too early to celebrate yet. Don't forget that the exact scenario have also happened last time and by the time many people are expecting that the price is now ready to go up, they didn't expected what happened next. Yes, the price goes down once again.

For the luna investors who won't get tired when you are losing millions of dollars? Some are even literally tired to live that they are now committing suicide. They aren't the ones that need to hype the new luna but it must be the team. If they invest heavily, what if the same shit happen again? But for me it's still okay to sell btc for alts but it should be a good alt only.
TravelMug
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Re: A crash where Bitcoin wasn't responsible should be treated as such
May 31, 2022, 07:25:55 PM
#54
Quote from: Captain Corporate on May 31, 2022, 05:23:01 PM
Of course recovery will happen, I can't talk about if it will be fast or not, but I can say that it will happen. This is why I believe that we should be just holding for the time being. Maybe it will happen soon, maybe it will happen very late, but I know for a fact that it will eventually happen. So we should not just hope for a quick one and leave it at that, we should just hold even for a very long term one. That will get things going very profitably for us in the long run, people who buy from the current prices will end up with making a ton of money in the long run and that should be good enough of a reason to buy and hold.

We already have, after this news, the price suffered and went below $30k. And as want we have discussed, this kind of debacle will have just a short term effect on the price. Now, if you are going to look at the price in the last 24 hours, we have a good recovery, and we even going to touch $32k this week I reckon. We just need not to panic because in the long run (whatever how long it will take), the price will soon back back and then we will not realized it but we are in a bull run again.
Captain Corporate
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Re: A crash where Bitcoin wasn't responsible should be treated as such
May 31, 2022, 05:23:01 PM
#53
Of course recovery will happen, I can't talk about if it will be fast or not, but I can say that it will happen. This is why I believe that we should be just holding for the time being. Maybe it will happen soon, maybe it will happen very late, but I know for a fact that it will eventually happen. So we should not just hope for a quick one and leave it at that, we should just hold even for a very long term one. That will get things going very profitably for us in the long run, people who buy from the current prices will end up with making a ton of money in the long run and that should be good enough of a reason to buy and hold.
Silberman
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Re: A crash where Bitcoin wasn't responsible should be treated as such
May 31, 2022, 04:40:54 PM
#52
Quote from: Dave1 on May 29, 2022, 01:30:22 AM
Quote from: Silberman on May 27, 2022, 05:00:02 PM
Quote from: ultrloa on May 24, 2022, 06:26:31 PM
The current issue with Luna contributes on how the sentiments of the people towards how they take the market and for seeing the price continue to decline they mostly try to sell off trying to minimize their losses that's why we go on this far. But for sure all of this will be countered since the issue towards those huge incidents has been covered up and people sentiments has been diverted towards on good things right now.
Without a doubt the issue with luna has affected this market in ways that many people were not expecting, and while some may be worried about what happened, at the end of the day this has no relationship with bitcoin at all and this should not affect bitcoin on the long term either, which means that this is a golden opportunity to get bitcoin for sub 30k prices, so if you have some cash which you do not think you will need during the next years this seems like a golden opportunity to invest in bitcoin.

Yeah, I don't think it will affect bitcoin's price long term, we've seen the devastating effect on the economy from the Covid-19, and yet we have bounce back from it. This is just another noise in this bear cycle, and I think we will recover from it. Might take a long time because of the current conditions, nevertheless, maybe in the next quarter, we will forgot about this one and we will definitely move forward again.
Without a doubt such a fast recovery would be ideal and we may be seeing signs that this is coming as the price finally surpassed the 30k resistance level after days of being under that level, still we will have to see how long this recovery last, however it seems the worst has passed already and the effects of the crash of luna are slowly dissipating, however we also need to keep our eyes open as something like this could always happen again, and if it does then the price could crash to even lower levels as the panic under that scenario will be extreme.
Reatim
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Re: A crash where Bitcoin wasn't responsible should be treated as such
May 31, 2022, 01:11:13 AM
#51
Quote from: Newlifebtc on May 29, 2022, 06:22:26 PM
Quote from: jrrsparkles on May 17, 2022, 11:35:58 AM
Most altcoins crash when bitcoin goes bearish so how can we describe that situation? Actually no coin cause other coin to fall it just caused due to the people's reaction towards one coin goes bearish they just pretend to be conservative and try to secure their asset value as much as they can.
The stand of altcoins is Bitcoin rising and bitcoin existence, if we removed bitcoin for two months all the altcoins will not survive it,
Who told you that? altcoin will not survive without bitcoin in 2 months? lol altcoin will increase more once there is no bitcoin because people will start using them instead of Bitcoin.
Quote
and if you leave only bitcoin cryptocurrency will continue going. This is noticeable since that if bitcoin crashed today altcoins will die and the system of gold will continue to be sellable in the market, before cryptocurrency gold has being trending in the market, so without bitcoin no cryptocurrency

know what? i don't know where did you get those stupid idea? are you from another forum that only visit crypto? because you seems to not know what you are saying.
sana54210
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Re: A crash where Bitcoin wasn't responsible should be treated as such
May 30, 2022, 03:11:43 PM
#50
Quote from: bitterguy28 on May 30, 2022, 03:24:36 AM
actually the Manipulation will only progress once the small investors or those weak handed people starts allowing themselves to be affected and with all of those the market will suffer from our wrong decisioning , so this is the thing we must understand and lets not blame the market for the crashing because all of us are contributing to this effect.
try not to be affected and lets see if Whales will succeed in their plans .
It is clear to me that whales will try to do their best to convince the smaller investors to follow what they are doing, or at least do what they should do, so that whales would be able to make a lot more profit.

We are worried right now that the price is low, but those whales are not worried at all, they have so much money that, not only they are not selling but they are actually buying a ton of bitcoins and maybe some other coins right now. Because, they are rich and they can afford to wait, waiting for years definitely easy for them since they have a lot more money they can deal with and live with and even invest into other stuff if they wanted to.
bitterguy28
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Re: A crash where Bitcoin wasn't responsible should be treated as such
May 30, 2022, 03:24:36 AM
#49
Quote from: goaldigger on May 26, 2022, 04:59:07 PM
Quote from: peter0425 on May 24, 2022, 10:45:00 PM
Quote from: Dhaniii on May 21, 2022, 10:09:09 AM
Don't blame other people for what's happening right now. now bitcoin is falling very hard and can't convict that bitcoin is not responsible for this incident. it could be that the incident of the bitcoin price falling was deliberately caused by them by making strong price corrections to succumb to intense business competition so they had to really bring down the market and re-slam the strong so that bitcoin got high support.
lol there is no people who had been blamed here instead it is the market to be blamed because if its volatility and the greediness of people that makes this possible .

and besides it is the attitude of us that makes our funds risky, let know your desire and be responsible for everything that may come along the way.
Whales have a different thinking and different approach on this market, if they move their big funds it will surely affect the market but what dictates the market the most is that, small investors are following those whales and that could trigger more selling or buying pressure if ever. The market cycle is a pump and dump trend, we cannot stop this kind of trend and in fact, we can have more profit if we only know how to ride on time. We are only responsible for our own decision making, we can’t control others decision with regards to this.
actually the Manipulation will only progress once the small investors or those weak handed people starts allowing themselves to be affected and with all of those the market will suffer from our wrong decisioning , so this is the thing we must understand and lets not blame the market for the crashing because all of us are contributing to this effect.
try not to be affected and lets see if Whales will succeed in their plans .
Marvell1
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Re: A crash where Bitcoin wasn't responsible should be treated as such
May 29, 2022, 09:21:54 PM
#48
Quote from: Dave1 on May 29, 2022, 01:30:22 AM
Quote from: Silberman on May 27, 2022, 05:00:02 PM
Quote from: ultrloa on May 24, 2022, 06:26:31 PM
The current issue with Luna contributes on how the sentiments of the people towards how they take the market and for seeing the price continue to decline they mostly try to sell off trying to minimize their losses that's why we go on this far. But for sure all of this will be countered since the issue towards those huge incidents has been covered up and people sentiments has been diverted towards on good things right now.
Without a doubt the issue with luna has affected this market in ways that many people were not expecting, and while some may be worried about what happened, at the end of the day this has no relationship with bitcoin at all and this should not affect bitcoin on the long term either, which means that this is a golden opportunity to get bitcoin for sub 30k prices, so if you have some cash which you do not think you will need during the next years this seems like a golden opportunity to invest in bitcoin.

Yeah, I don't think it will affect bitcoin's price long term, we've seen the devastating effect on the economy from the Covid-19, and yet we have bounce back from it. This is just another noise in this bear cycle, and I think we will recover from it. Might take a long time because of the current conditions, nevertheless, maybe in the next quarter, we will forgot about this one and we will definitely move forward again.

The development of bitcoin is unstoppable, nothing can stop bitcoin. Not only Luna but even a ban of a large country like China cannot make bitcoin fall forever, bitcoin will continue to grow and go up after that. Is it just temporary.

Without Luna, I believe we will have to deal with other things. The downtrend is sure to come as we had a strong bull run in 2021, so don't be too surprised when a bearish cycle is in progress.
Newlifebtc
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Re: A crash where Bitcoin wasn't responsible should be treated as such
May 29, 2022, 06:22:26 PM
#47
Quote from: jrrsparkles on May 17, 2022, 11:35:58 AM
Most altcoins crash when bitcoin goes bearish so how can we describe that situation? Actually no coin cause other coin to fall it just caused due to the people's reaction towards one coin goes bearish they just pretend to be conservative and try to secure their asset value as much as they can.
The stand of altcoins is Bitcoin rising and bitcoin existence, if we removed bitcoin for two months all the altcoins will not survive it, and if you leave only bitcoin cryptocurrency will continue going. This is noticeable since that if bitcoin crashed today altcoins will die and the system of gold will continue to be sellable in the market, before cryptocurrency gold has being trending in the market, so without bitcoin no cryptocurrency
ShowOff
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Re: A crash where Bitcoin wasn't responsible should be treated as such
May 29, 2022, 12:33:10 PM
#46
Quote from: eaLiTy on May 29, 2022, 11:30:40 AM
There is no debate about the recovery and we all know that the major coins will recover in the long run, but there is a difference in the term long time, it is not just the next quarter but might take a couple of years until the next halving.
There are two types of speculation that continue to occur between traders and holders, they may be very bullish and they can still be bearish. Such thoughts are normal for anyone who wants something where there is a goal they want to achieve. In the long term, of course, there is hope for a price increase regardless of whether ATH will be hit or not because it all depends on supply and demand which is directly affected by FUD or Hype.

The price of bitcoin has two directions, it will not continue to be in one direction because both are mandatory. So far, halving is one of the factors that will continue to have a positive impact on bitcoin prices, actually it all depends on supply and demand but we know that the facts are true.
eaLiTy
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Re: A crash where Bitcoin wasn't responsible should be treated as such
May 29, 2022, 11:30:40 AM
#45
Quote from: Dave1 on May 29, 2022, 01:30:22 AM
Quote from: Silberman on May 27, 2022, 05:00:02 PM
Quote from: ultrloa on May 24, 2022, 06:26:31 PM
The current issue with Luna contributes on how the sentiments of the people towards how they take the market and for seeing the price continue to decline they mostly try to sell off trying to minimize their losses that's why we go on this far. But for sure all of this will be countered since the issue towards those huge incidents has been covered up and people sentiments has been diverted towards on good things right now.
Without a doubt the issue with luna has affected this market in ways that many people were not expecting, and while some may be worried about what happened, at the end of the day this has no relationship with bitcoin at all and this should not affect bitcoin on the long term either, which means that this is a golden opportunity to get bitcoin for sub 30k prices, so if you have some cash which you do not think you will need during the next years this seems like a golden opportunity to invest in bitcoin.

Yeah, I don't think it will affect bitcoin's price long term, we've seen the devastating effect on the economy from the Covid-19, and yet we have bounce back from it. This is just another noise in this bear cycle, and I think we will recover from it. Might take a long time because of the current conditions, nevertheless, maybe in the next quarter, we will forgot about this one and we will definitely move forward again.
There is no debate about the recovery and we all know that the major coins will recover in the long run, but there is a difference in the term long time, it is not just the next quarter but might take a couple of years until the next halving.
Reid
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Re: A crash where Bitcoin wasn't responsible should be treated as such
May 29, 2022, 04:29:38 AM
#44
Quote from: Dave1 on May 29, 2022, 01:30:22 AM
Yeah, I don't think it will affect bitcoin's price long term, we've seen the devastating effect on the economy from the Covid-19, and yet we have bounce back from it. This is just another noise in this bear cycle, and I think we will recover from it. Might take a long time because of the current conditions, nevertheless, maybe in the next quarter, we will forgot about this one and we will definitely move forward again.
Shit like this happened before and so it will happen again. It will just pass.
The trend may not be over but it's slowing down. Many investors and supporters of Luna doesn't have the same energy anymore and they just want out, that's why they stay.
What they can do? They are suppose to hype the new Luna for their ROI. They need to help or else it won't happen.
Back to Bitcoin from OP which I agree mostly, markets of altcoins should stay with altcoins, it should not be suggested to sell Bitcoin whenever they fall.
The Luna case was a good example.
Dave1
hero member
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Merit: 542
Re: A crash where Bitcoin wasn't responsible should be treated as such
May 29, 2022, 01:30:22 AM
#43
Quote from: Silberman on May 27, 2022, 05:00:02 PM
Quote from: ultrloa on May 24, 2022, 06:26:31 PM
The current issue with Luna contributes on how the sentiments of the people towards how they take the market and for seeing the price continue to decline they mostly try to sell off trying to minimize their losses that's why we go on this far. But for sure all of this will be countered since the issue towards those huge incidents has been covered up and people sentiments has been diverted towards on good things right now.
Without a doubt the issue with luna has affected this market in ways that many people were not expecting, and while some may be worried about what happened, at the end of the day this has no relationship with bitcoin at all and this should not affect bitcoin on the long term either, which means that this is a golden opportunity to get bitcoin for sub 30k prices, so if you have some cash which you do not think you will need during the next years this seems like a golden opportunity to invest in bitcoin.

Yeah, I don't think it will affect bitcoin's price long term, we've seen the devastating effect on the economy from the Covid-19, and yet we have bounce back from it. This is just another noise in this bear cycle, and I think we will recover from it. Might take a long time because of the current conditions, nevertheless, maybe in the next quarter, we will forgot about this one and we will definitely move forward again.
Silberman
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Re: A crash where Bitcoin wasn't responsible should be treated as such
May 27, 2022, 05:00:02 PM
#42
Quote from: ultrloa on May 24, 2022, 06:26:31 PM
The current issue with Luna contributes on how the sentiments of the people towards how they take the market and for seeing the price continue to decline they mostly try to sell off trying to minimize their losses that's why we go on this far. But for sure all of this will be countered since the issue towards those huge incidents has been covered up and people sentiments has been diverted towards on good things right now.
Without a doubt the issue with luna has affected this market in ways that many people were not expecting, and while some may be worried about what happened, at the end of the day this has no relationship with bitcoin at all and this should not affect bitcoin on the long term either, which means that this is a golden opportunity to get bitcoin for sub 30k prices, so if you have some cash which you do not think you will need during the next years this seems like a golden opportunity to invest in bitcoin.
ultrloa
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Re: A crash where Bitcoin wasn't responsible should be treated as such
May 26, 2022, 06:09:44 PM
#41
Quote from: goaldigger on May 26, 2022, 04:59:07 PM
Quote from: peter0425 on May 24, 2022, 10:45:00 PM
Quote from: Dhaniii on May 21, 2022, 10:09:09 AM
Don't blame other people for what's happening right now. now bitcoin is falling very hard and can't convict that bitcoin is not responsible for this incident. it could be that the incident of the bitcoin price falling was deliberately caused by them by making strong price corrections to succumb to intense business competition so they had to really bring down the market and re-slam the strong so that bitcoin got high support.
lol there is no people who had been blamed here instead it is the market to be blamed because if its volatility and the greediness of people that makes this possible .

and besides it is the attitude of us that makes our funds risky, let know your desire and be responsible for everything that may come along the way.
Whales have a different thinking and different approach on this market, if they move their big funds it will surely affect the market but what dictates the market the most is that, small investors are following those whales and that could trigger more selling or buying pressure if ever. The market cycle is a pump and dump trend, we cannot stop this kind of trend and in fact, we can have more profit if we only know how to ride on time. We are only responsible for our own decision making, we can’t control others decision with regards to this.

For having long stretch capital to use on their trades for sure they have different perspective to other traders because they can spread wide their balances and can able to cover up the possible losses by buying at the dip once their position got hold by the dump. What causing the selling pressure in the market is those small investors who easily got panic then spread fuds on the market when there position fail to give them profit and they are trap for the bad situation happened.
goaldigger
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Re: A crash where Bitcoin wasn't responsible should be treated as such
May 26, 2022, 04:59:07 PM
#40
Quote from: peter0425 on May 24, 2022, 10:45:00 PM
Quote from: Dhaniii on May 21, 2022, 10:09:09 AM
Don't blame other people for what's happening right now. now bitcoin is falling very hard and can't convict that bitcoin is not responsible for this incident. it could be that the incident of the bitcoin price falling was deliberately caused by them by making strong price corrections to succumb to intense business competition so they had to really bring down the market and re-slam the strong so that bitcoin got high support.
lol there is no people who had been blamed here instead it is the market to be blamed because if its volatility and the greediness of people that makes this possible .

and besides it is the attitude of us that makes our funds risky, let know your desire and be responsible for everything that may come along the way.
Whales have a different thinking and different approach on this market, if they move their big funds it will surely affect the market but what dictates the market the most is that, small investors are following those whales and that could trigger more selling or buying pressure if ever. The market cycle is a pump and dump trend, we cannot stop this kind of trend and in fact, we can have more profit if we only know how to ride on time. We are only responsible for our own decision making, we can’t control others decision with regards to this.
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