I feel bad about those idiots who dumped their coins yesterday at $34,000 per coin. The prices have gone up by 24% since then. This is a lesson to anyone. If you want to profit from Bitcoin, then you need to do two things - 1. avoid panic selling 2. hold your coins for the long term (>3 years). Those who are unable to do eithter of these two need to make their exit from Bitcoin market. In a way, I believe that these corrections are beneficial for the health of Bitcoin. They help us to get rid of the less serious investors.
I totally agree with your opinion, those idiots need to get away from the crypto world. On the other hand the market needs to stretch but the beginners don't realize this, all they think about is profit. The stupid thing that is happening right now is panic, as if everything has collapsed, FUD everywhere just adds to newbies to panic. 
Topic: A Sudden Price Drop in The Crypto Markets - page 3. (Read 1117 times)
Well the good news and bad news out of all of this is the probable obtainment of more mainstream markets. With that seemingly somewhat accurate observation, that in turn might be a postive thing hopefully in the long run of things for the financial markets as a whole.
We experience this drop real quick because of the negative comment made about Bitcoin recently and this has given a bad toil on the coin. Nobody knows what is coming next but we know that all this won't last before people realized what is right.
It's not the negative comments about bitcoin that made the prices dip, at the end of the day, those are just words. The reason for the drop is the prohibition of China of crypto services and Elon's suspension of bitcoin payment for Tesla cars and also add the panic sellers.
We experience this drop real quick because of the negative comment made about Bitcoin recently and this has given a bad toil on the coin. Nobody knows what is coming next but we know that all this won't last before people realized what is right.
In these massive selloffs do you guys think people sell at major losses?
Most provably majority yes since many cannot take the risk on losing more while the market is crashing but therr are other traders who execute their cut loss so that they can buy again on its cheapest rate and guess many are now earning since the price has pump up and maybe we can see more. So its a lesson need to learn by newbie traders since if they sell without doing anythinh tk retrieve their losses then they totally lose their initial capital.
In these massive selloffs do you guys think people sell at major losses?
Most provably majority yes since many cannot take the risk on losing more while the market is crashing but therr are other traders who execute their cut loss so that they can buy again on its cheapest rate and guess many are now earning since the price has pump up and maybe we can see more. So its a lesson need to learn by newbie traders since if they sell without doing anythinh tk retrieve their losses then they totally lose their initial capital.
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.
The reasons that are speculated for why the market fell are many, but I think that both Elon Musk, as well as the huge FUD in China, the Binance problem has caused or added this effect, although in my personal opinion I do not think there has been lowered because of this, only a percentage I attribute it to Elon Musk, but the main reason I think was for those traders or investors who wanted to buy BTC, and the best way to buy BTC is cheap (at least that is what millionaires do) and that is why they entered "Short" to take advantage of the moment that was the ideal of panic on the part of weak hands, I think it has given some result if it was like that, but already the BTC is reacting and now it is recovering by more than 9 % ... I think the reason was merely speculative.
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.
Although that there are some people who defended Elon Musk by any means necessary, I believe his statements played a huge part in manipulating the market and bringing the price down even further along with China’s latest crackdown. His value in BTC also wiped out worth billions! His absurd statement along with China’s news completely erased all-time high gains from the day he tweeted about buying $1.5 billion worth of BTC.
We are in the recovery stage, trading sideways between $39,000 to $41,000 per BTC. The second wave of Bitcoin’s bull run would actually begin when it breaks the $42,000 resistance level. Just my opinion.
Market has shake weak hands like Elon out of the system, now the market seem clean from bad energy for a healthy growth, the market was suffering from toxic energy which needs to be thrown out, soon market will gradually recover back to normalcy, even now we can already see some signs.
Lol, the price of bitcoin has nothing to do with Elon being in or out of bitcoin. The guy is the second richest person in the world; imagine thinking he has "weak hands" as if the price of bitcoin actually impacts his life at all.
no one will ever know for sure what will happen next. but I wouldn't say the 2021 bullish period is over. Maybe now is an opportunity to buy and always believe that the market will definitely go up again. everyone certainly does not believe what is happening at this time, and I myself do not know exactly what is the cause of all this. But I still believe that the market will be bullish again.
from 2018 we saw a bull market until 2021 and starting 2018 many people were frustrated because of the dump, will this year happen again? no one knows for sure the future movement, for sure we have to believe in ourselves, so that if the market is not according to our wishes we will not be too frustrated with the path we choose
Well guys sadly i think we might see a sub 40k again real soon
no one will ever know for sure what will happen next. but I wouldn't say the 2021 bullish period is over. Maybe now is an opportunity to buy and always believe that the market will definitely go up again. everyone certainly does not believe what is happening at this time, and I myself do not know exactly what is the cause of all this. But I still believe that the market will be bullish again.
In these massive selloffs do you guys think people sell at major losses?
I feel bad about those idiots who dumped their coins yesterday at $34,000 per coin. The prices have gone up by 24% since then. This is a lesson to anyone. If you want to profit from Bitcoin, then you need to do two things - 1. avoid panic selling 2. hold your coins for the long term (>3 years). Those who are unable to do eithter of these two need to make their exit from Bitcoin market. In a way, I believe that these corrections are beneficial for the health of Bitcoin. They help us to get rid of the less serious investors.
Panic is everywhere yesterday and I can't blame them to react like that since heavy fear happens on the market since there are so many fuds scattered everywhere, but as always happen to bitcoin after the dump the pump follows so its a lesson for paper hands people to not panic once this kind of situations appear in the market since if to dump our baghold we will lose our money for doing this early decision.
I feel bad about those idiots who dumped their coins yesterday at $34,000 per coin. The prices have gone up by 24% since then. This is a lesson to anyone. If you want to profit from Bitcoin, then you need to do two things - 1. avoid panic selling 2. hold your coins for the long term (>3 years). Those who are unable to do eithter of these two need to make their exit from Bitcoin market. In a way, I believe that these corrections are beneficial for the health of Bitcoin. They help us to get rid of the less serious investors.
Setting your target and stay with it whatever happened around the market gives you the advantage,
those who panicked and rush to sell their coins are now regretting.
Not knowing that fuds really hit them and makes them to decide unknowingly, now that the market is again moving upwards those wise who continue to buy more coins while the price is cheap are already getting even with those old assets that they've hold before this huge fall happened.
They can sell it out and wait again or add it up with their holdings for much higher profits once the strong bull pumped back.
I feel bad about those idiots who dumped their coins yesterday at $34,000 per coin. The prices have gone up by 24% since then. This is a lesson to anyone. If you want to profit from Bitcoin, then you need to do two things - 1. avoid panic selling 2. hold your coins for the long term (>3 years). Those who are unable to do eithter of these two need to make their exit from Bitcoin market. In a way, I believe that these corrections are beneficial for the health of Bitcoin. They help us to get rid of the less serious investors.
Market has shake weak hands like Elon out of the system, now the market seem clean from bad energy for a healthy growth, the market was suffering from toxic energy which needs to be thrown out, soon market will gradually recover back to normalcy, even now we can already see some signs.
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.
First of all bull and bear runs in crypto are not seasonal, I mean they can come and change anytime. You might see a bull inside a bear run and vice versa. I am least concerned with the drop in the prices of Bitcoins because it just makes the market more stable. Having a solid 45k is better than having a hollow and hyped 55k.You can understand it by the Doge example. As a long-term investor would you like to see where dogecoin is now or you would like to see a natural growth and doge sitting at 10 cents (although there's no room for natural growth in Doge). Right now, the price is just hyped and everyone knows it. Bitcoin is going to become rarer in future so no reason to panic or even.
Bitcoin is pushing the 35-36k borders if it gets lower than 35,000 is it likely to further drop to around 30,000?
Probably yes, but the downfall seems to have stopped for now. At the moment bitcoin is back above 40,000 so there are definitely still buyers in the market. I was really afraid that we would just see a complete sell off back to 20,000 levels. Personally,I am holding my coins but what does one small investor matter. If we go below 30,000 I think it would be a good idea to start buying again.
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.
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?
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