Topic: A Sudden Price Drop in The Crypto Markets (Read 1117 times)
Some signals are correct, so we risk investing, but we can't really predict the exact price movement; players and some situations that control or affect the market is unforeseeable. According to some traders' forecasts; the correction might stay longer for months. This is a great time to buy some coins.
no one knows for sure what will happen next. for traders every moment is an opportunity. an opportunity to buy or sell. but for investors who trade long term, maybe the current situation is the right time to buy and hope prices will return high. confidence and patience are the main capital for long-term investors.
Traders will definitely wait for the market to become stable again so they would not end up trading with a huge loss. But good traders always find good ways how to be in profit even when the market is bullish or in bearish trend.The market has already been in a couple of months seeing prices in low value but this will not be permanent for sure. Once positive news and other great promotions for crypto will come, we will see the market back into normal again. Eventually there's always a rainbow after the rain.
A sudden price drop in the crypto markets along with the deepening points loss in the dow jones point to a a slow and steady downward trend as of late. Is the bull run of 2021 over? Are these the marks of the beginning of something much worse to come? A major recession, a new crypto winter? What could possibly be next? Any comments and thoughts are more than welcome.
This decline has already been going on for about two months, so we can assume that the bull market has long since ended. In addition, now we are approaching the middle of summer in time, and the second half of it has never been distinguished by a serious price increase in this market. Therefore, it is likely that somewhere even before October prices will be approximately at this level, with the volatility inherent in this market.After such a long and high price growth, the market should traditionally fall, although this may have happened a little earlier than expected.
Well seemingly the markets have gotten alot worse in some specific markets seeing over 30% drops in prices. Will this go down any further or will it rebound? Any thoughts or comments are more than welcome.
no one knows for sure what will happen next. for traders every moment is an opportunity. an opportunity to buy or sell. but for investors who trade long term, maybe the current situation is the right time to buy and hope prices will return high. confidence and patience are the main capital for long-term investors.
Different approach from different people, but for most traders they'll keep finding ways to see the market in a
positive perspectives, knowing that whatever it is inside there's always opportunities to earn, either for long
term or short term process, as long as you know what you're doing it's still best to continue investing from this
market.
Hard to tell whether the bulls from two month ago are still the bulls from today. I am sure that some guys really took big time profit off the table and are now more observers than traders. I would like to see Binance's balance sheet and exactly check how much of their cryptocurrencies they now sold right into the bull run. I think they sold a lot.
I guess there are surely some, and there are some that left there is no doubt about that for sure.However, the real question is that how much money does the bulls have that they can recover and increase the price a lot? That is the important question and most probably the answer is that there is not enough left.
I believe we still have a ton of bulls who think that the price will go up and they would love to buy more but the fact is that they do not have enough money that could help us go up.
For example, I am not a rich person but I think it will go up, if I had a million dollars just to invest I would definitely buy bitcoin but I do not have that money so I can't. This of course goes higher up than me, someone who normally buys 1 million, buys 100k, someone who buys 10 million buys 800k. When the bulls end up with not enough money this is the result.
no one knows for sure what will happen next. for traders every moment is an opportunity. an opportunity to buy or sell. but for investors who trade long term, maybe the current situation is the right time to buy and hope prices will return high. confidence and patience are the main capital for long-term investors.
I think we all know about the sudden drop of the crypto market prices, others are saying it's because of Elon's Recent Tweets but that's not it. There are bigger issues concerning example of these Are FUD because of the many Ransomware popping and people are blaming bitcoin for this one, also add upcoming bitcoin ETF.
If we look at last 10 days, the prices of around 33k and the the rebound has generally happened and even crossed till 40k. So this give me cushion that prices can rebound well. So any fall like again btc is now at 35k gives me a chance to buy some and sell when it rises back as per my short term strategy. So I am happy with that as these momentum gives you money as well, if you are ready to invest in short period.
Honestly it has been over 36k more often than not in the past 10 days. Sure we had a bottom of 30k at some point but then everything corrected and we went as much as 40k and now we are at a bit over 34k which is understandable to be honest.So yeah, things did went low very much but things are also doing better as well, it goes down but then goes up, those recoveries stand a lot longer than the falls, the moment it goes down there is a good recovery and goes up and when there is a recovery eventually it goes down again but for just a short period of time.
This is why I think it is quite good right now and there is nothing to worry about, things are still not that bad. I think buying now and selling later is a great method, it is down now and what do we always say? "buy low sell high" right? Well, it is low now and it is going to get higher again later so it is a good idea.
I think that the falls are when very few see it coming, some mostly falls by surprise, but they tend to be at the least expected moment, the last fall was not so sudden, because all the correction that is currently being experienced in BTC is practically the fault of Elon Musk, after he made a great Fud, a lot of news was released that was not very good, and the weak hands began to sell, this is normal in all markets, you just have to stick to the falls of the markets is the most normal thing in the world.
But the recovery is not waiting, some technical analysts are just waiting for the price to start its bullish sense, for now what reigns is great market uncertainty, but it is nothing so serious that it cannot be handled, there is only to wait a bit to see how things continue to develop.
But the recovery is not waiting, some technical analysts are just waiting for the price to start its bullish sense, for now what reigns is great market uncertainty, but it is nothing so serious that it cannot be handled, there is only to wait a bit to see how things continue to develop.
But today the fall in the bitcoin rate has stopped. And even the rate went up. I think the best time for traders has begun. You can make good money on such waves.
If we look at last 10 days, the prices of around 33k and the the rebound has generally happened and even crossed till 40k. So this give me cushion that prices can rebound well. So any fall like again btc is now at 35k gives me a chance to buy some and sell when it rises back as per my short term strategy. So I am happy with that as these momentum gives you money as well, if you are ready to invest in short period.
Honestly it has been over 36k more often than not in the past 10 days. Sure we had a bottom of 30k at some point but then everything corrected and we went as much as 40k and now we are at a bit over 34k which is understandable to be honest.So yeah, things did went low very much but things are also doing better as well, it goes down but then goes up, those recoveries stand a lot longer than the falls, the moment it goes down there is a good recovery and goes up and when there is a recovery eventually it goes down again but for just a short period of time.
This is why I think it is quite good right now and there is nothing to worry about, things are still not that bad. I think buying now and selling later is a great method, it is down now and what do we always say? "buy low sell high" right? Well, it is low now and it is going to get higher again later so it is a good idea.
The fall in prices in the cryptocurrency market will always be sudden, no matter how many people warn about it. Cryptocurrency has been growing in price for six months, many of its types have grown in price hundreds of times. A correction and a fall was obvious and inevitable.
The question now is how deep this fall will be and how quickly the market will recover. So far, I do not see any forecasts in this regard. Today we saw the first ray of hope. In the morning I saw the price of bitcoin $ 38,172, after a few hours its price rose to $ 39,595, and now it is $ 40,035. Is this a temporary spike in price or have we already passed the bottom of the fall?
The increases are sudden as well so I do not think that it is really that much of an important thing. The suddenness will always be there but the fact that some people do not realize how great it could be if you could calculate "how much" it is instead of "when" that would be the real thing. I have seen people selling as low as under 35k dollars for example, which already bounced back, so if you want to leave even leaving after the bounce would have been smarter decision whereas some people completely forgot to do that. The question now is how deep this fall will be and how quickly the market will recover. So far, I do not see any forecasts in this regard. Today we saw the first ray of hope. In the morning I saw the price of bitcoin $ 38,172, after a few hours its price rose to $ 39,595, and now it is $ 40,035. Is this a temporary spike in price or have we already passed the bottom of the fall?
This is why I believe it is very important to focus on how much instead of when. Like let's say we are at 36k or so right now right? Do not try to guess when it will go up, just try to guess how much, if you can do that you can make profit, if it goes to 55k again, buy now and put a sell order at 55k and that way you can profit, doesn't matter when if you know how much.
As of this time the price of Bitcoin is around the 33-34k usd range. Will it drop to sub 30k or rebound to a higher price point?
If we look at last 10 days, the prices of around 33k and the the rebound has generally happened and even crossed till 40k. So this give me cushion that prices can rebound well. So any fall like again btc is now at 35k gives me a chance to buy some and sell when it rises back as per my short term strategy. So I am happy with that as these momentum gives you money as well, if you are ready to invest in short period.
$40k is the big barrier, how many times then we attempt to break it and failed? I count 3x already.
I'm not saying that we are in a bearish cycle, but the price keeps on fluctuating around $30k-$39k and it might take some time before we finally see a break out run. Possible to break to sub $30k, but it's slim, we have a support like around $32k. So let the price fluctuates though, it's very volatile in the last weeks or so, we just need to take advantage of the current market conditions. It could send a signal that we should buy more.
As of this time the price of Bitcoin is around the 33-34k usd range. Will it drop to sub 30k or rebound to a higher price point?
If we look at last 10 days, the prices of around 33k and the the rebound has generally happened and even crossed till 40k. So this give me cushion that prices can rebound well. So any fall like again btc is now at 35k gives me a chance to buy some and sell when it rises back as per my short term strategy. So I am happy with that as these momentum gives you money as well, if you are ready to invest in short period.
Elon musk is one of the suspect why the market is down, but this is for short time only many investor now learn how crypto work. They said after this dip price, Bitcoin and other crypto will rise again, we will see again green market if this is true.
He start the fud but don't blame all to him there are series of fuds shared and seems those are coordinated attacks but now I believe the bear strike done as we can see some good articles are now rotating in the medias maybe thpse manipulator bought again at the dip so we need to be careful for the bull trap and always pay attention to the market if we already placed our position.
Elon musk is one of the suspect why the market is down, but this is for short time only many investor now learn how crypto work. They said after this dip price, Bitcoin and other crypto will rise again, we will see again green market if this is true.
I think we will enter an uptrend from the 30-32 k range for the last time. Later, as interest rate increases will come as a result of high inflation in the economies, money will flow to the general markets. And after, a long bear awaits us.
Many people will blame Elon musk for the entire bitcoin dip that took place even though him and China contributed to the downtrend the market was already in need of correction after the uptrend that occurs since last year I 'm just afraid to see btc break under twenty-eight thousand which typically will indicate a bear market.But if that did not happen then there is hope of going up again.
I agree with the opinion that the biggest contribution to the cause of the fall in crypto prices is Elon Musk and China, because both spread FUD which makes many investors panic. But fortunately now the Bitcoin price and some altcoins are starting to recover, even Bitcoin made it back to $ 40k.
This is a sign that the bear market has yet to come, hopefully in the next few days the crypto market will get better. I really hope Bitcoin can return
to above $ 50k again, but it looks like it will be difficult to come true in the near future.
If we look at the current Bitcoin price dropping back to the price of $ 36k, your fear of bull traps could happen. The market is really very difficult
to predict, I think after making it back to $ 40k, Bitcoin can continue going higher. It turned out that my guess was wrong, the Bitcoin price is
still decreasing again, if this happens we really have to be careful. Because there is a possibility that Bitcoin could suddenly drop even lower.
Many people will blame Elon musk for the entire bitcoin dip that took place even though him and China contributed to the downtrend the market was already in need of correction after the uptrend that occurs since last year I 'm just afraid to see btc break under twenty-eight thousand which typically will indicate a bear market.But if that did not happen then there is hope of going up again.
I agree with the opinion that the biggest contribution to the cause of the fall in crypto prices is Elon Musk and China, because both spread FUD which
makes many investors panic. But fortunately now the Bitcoin price and some altcoins are starting to recover, even Bitcoin made it back to $ 40k.
This is a sign that the bear market has yet to come, hopefully in the next few days the crypto market will get better. I really hope Bitcoin can return
to above $ 50k again, but it looks like it will be difficult to come true in the near future.
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