A Sudden Price Drop in The Crypto Markets - page 4.

Pamadar

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Quote from: Alert31 on May 19, 2021, 07:43:02 PM

Bitcoin is now more than 10 years of existence and due to a volatility we already know about the sudden price drop in the crypto market because it has happened so many times.

Experienced traders understand everything inside this market, the season for bull and season for bear,
take profits when bull start to pumped up, and collecting time when bear start to dominates.

Quote from: Alert31 on May 19, 2021, 07:43:02 PM

Actually many people will take this dump as an opportunity to buy because of this dump we can earn profit.

More on those people who believes that after this downfall the rise will bounce back and it will be
more stronger than before.

Quote from: Alert31 on May 19, 2021, 07:43:02 PM

But not all are happy specially those who are newbie in crypto space and doesn't know about the movement of the market, they will panic selling while the whales are waiting.

Newbies will earned experienced and they will got use to it, if they proceed they'll managed to understand
the flow and begin their journey to this industry.

iv4n

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Quote from: newwest on May 20, 2021, 02:12:56 AM

Quote from: mark-o-polo on May 19, 2021, 06:13:42 AM

no need to worry - i sold my assests today so i am sure everything will go up from now on

This could be a bad decision unless you have started to buy again, as prices have now started to pull back and close to 40k now. So slowly it has started to recover and if you not buying and suddenly prices again jump quickly then you end up having nothing or will buy at higher price later on. It always the buy time in the falling markets.

You didn't get the point here... call it bad luck, or a bad day, sometimes the market just fucks with us, and does the opposite from our plans! After buying the price drops, or after selling it rises... it's something that happens to all of us from time to time! And I guess to some people that happens often! So this comment is actually very funny!

Interesting year for all of us! It was hard to not cash out at some tops, and take the profits! I believe many expected some bigger drop, and it finally happened! And maybe at the beginning of this bull run was similar to the one in 2017, I think this was totally different! So it will be very interesting to see new bottoms, or maybe this now is the bottom?!

newwest

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Quote from: mark-o-polo on May 19, 2021, 06:13:42 AM

no need to worry - i sold my assests today so i am sure everything will go up from now on

This could be a bad decision unless you have started to buy again, as prices have now started to pull back and close to 40k now. So slowly it has started to recover and if you not buying and suddenly prices again jump quickly then you end up having nothing or will buy at higher price later on. It always the buy time in the falling markets.

Sithara007

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Leading Crypto Sports Betting & Casino Platform

Quote from: mark-o-polo on May 19, 2021, 06:13:42 AM

no need to worry - i sold my assests today so i am sure everything will go up from now on

No surprise there. Given your rank, I was expecting something like that. Whenever a dump occurs, it is the inexperienced users who first rush to sell their coins at rock bottom prices. And the whales and the institutions use this opportunity to accumulate more coins. It has been posted manytimes not to fall in to the trap of panic selling, but hardly anyone listens. The prices seems to have plateaued out and those who sold their coins now are going to regret about their decision later, when the next rally takes BTC above the 100K level.

mrquackquack

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Bitcoin is pushing the 35-36k borders if it gets lower than 35,000 is it likely to further drop to around 30,000?

Alert31

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Bitcoin is now more than 10 years of existence and due to a volatility we already know about the sudden price drop in the crypto market because it has happened so many times. Actually many people will take this dump as an opportunity to buy because of this dump we can earn profit. But not all are happy specially those who are newbie in crypto space and doesn't know about the movement of the market, they will panic selling while the whales are waiting.

el kaka22

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Eventually this had to happen. I mean we have been going up for so long and I did expected it to go up a bit more before it dropped, I was expecting 100k to be reached because we got so close, but apparently other people had other ideas. It is fine really, I am sure it will bounce back one day, I do not suggest selling and getting out right now if you do not need the money right away.

The smartest decision right now is to wait for it to go back up, even if you bought at 64k, if you can afford to wait (which you should, if you joined with money you need you made a mistake from start) eventually it will go up. Maybe it will take a month, maybe a year, maybe a few more years but eventually one day it will reach above 64k once again and I am sure of that. Which is why I believe this is going to be the period where "loss" and "potential profit" will show the differences.

mrquackquack

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As of now Bitcoin is around 38-39k usd do you guys think its about to rebound or fall even further?

DrBeer

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Events in the last 5 hours
1. Reuters published a misleading article about the crypto ban in China
2. The process of mass retweeting of this news has begun.
3. The market fell on fake "news"

AicecreaME

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I think there's no need to worry about the sudden price drop. This is just normal, we all know that one of cryptocurrency's nature is volatility. It's just a phase for now, tomorrow or the next few days, surely the prices will recover and bounce back. It's too early for bearish market. No need to panic, mate. I suggest that instead of worrying without factual information, do a background check and compare the past records of market movement so that you'll know what to respond if ever any unexpected circumstance arise.

ropyu1978

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The sudden drop in prices in the crypto market is giving all of us a headache ... maybe this is the effect of twet elon musk and Tesla Huh

but I firmly believe that after the red will come out green ''
maybe it's just a matter of time, we need to be patient and continue to be patient ...

mrquackquack

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Well guys i wouldn't say we're in a crypto winter more like a crypto Fall.. Anybody, Anybody!?!?

mark-o-polo

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I do my best!

mrquackquack

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That's a relief. Everyone please thank Mark-o-Polo for helping to save the market.

mark-o-polo

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no need to worry - i sold my assests today so i am sure everything will go up from now on

fulcare

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Quote from: mrquackquack on May 13, 2021, 06:52:29 AM

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.

Let's hope you are wrong! But what can we say now? This is a hefty drop in prices and I don't see the market recovering quickly. I think this will go for a while. So many profits have been taken and those who see their profits threatened may now still decide to sell. This is a tough turn around in the market, w'll see if this is going to be another so called crypto winter.

LogitechMouse

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I want myself to get panic because of what is happening right now but I still can't do it :|.
If you are hear at the start of 2018, that is even worse than what we are seeing right now. Price of Bitcoin at that time went from near $20,000 to around $3,000 in just a span of months.

Remember that we went from $10,000 to around $60,000 in just 8 months so what are you expecting?? The crypto market will just go up and up. Sudden price drops are inevitable since we can't predict the future but what we can only do is predict what might happen base on the price movements of the past.

Is this the end of the bull market? I don't think so. I want to think that it is the end already but it seems that there are still some bulls waiting for a specific price before they will enter.

Midy

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Quote from: mrquackquack on May 13, 2021, 06:52:29 AM

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.

Recently the cryptocurrency market suddenly dropped due to one of the reasons because of Elon Musk who made a statement that his company no longer accepts payments using bitcoin, so that some investors and traders panic selling which makes the cryptocurrency market decline every day, and today I also see information that China has banned its citizens from making all transactions using cryptocurrency, I hope this is not the end of this year's bull run

awik p

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Quote from: Xinarae* on May 19, 2021, 12:00:05 AM

Quote from: ahsanif on May 18, 2021, 09:52:14 PM

Quote from: bengsabeng on May 16, 2021, 04:41:13 PM

if you have been here since 2017 maybe you already understand this condition. this is a cycle, when ATH has been reached after that there will be a tremendous drop. be prepared because this will happen in the near future !

many think like that, but famous people have a big influence on psychology, especially for those who are new to trading or just join in to follow the trend

Even if the price drops in the future it will not go down as much as in 2017. If the market goes down for correction it will go up again the bull run is not over yet by looking at the trading signals traders can predict that the market will recover maybe going down for some bad news. If the risk is high for newcomers it is easy to get information by doing market research.

we all here believe that the future of bitcoin will be better than today. if we invest, then we must prepare psychologically for long-term hold, and if we are trading, then we have a lot of experience with taking advantage of price fluctuations to get a profit

Xinarae*

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Quote from: ahsanif on May 18, 2021, 09:52:14 PM

Quote from: bengsabeng on May 16, 2021, 04:41:13 PM

if you have been here since 2017 maybe you already understand this condition. this is a cycle, when ATH has been reached after that there will be a tremendous drop. be prepared because this will happen in the near future !

many think like that, but famous people have a big influence on psychology, especially for those who are new to trading or just join in to follow the trend

Even if the price drops in the future it will not go down as much as in 2017. If the market goes down for correction it will go up again the bull run is not over yet by looking at the trading signals traders can predict that the market will recover maybe going down for some bad news. If the risk is high for newcomers it is easy to get information by doing market research.

Topic: A Sudden Price Drop in The Crypto Markets - page 4. (Read 1073 times)