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 
Topic: A Sudden Price Drop in The Crypto Markets - page 5. (Read 1073 times)
Is the bull run of 2021 over? Are these the marks of the beginning of something much worse to come?
I'm sorry but it looks like you are in a panic mode, just relax, this is not a sign of worse things to come.I do agree that Elon Musk is responsible for all of this, though I don't agree that he's trolling anyone. You might not like what he's been saying, but I don't think his intention was to crash the bitcoin market. I don't know if he didn't think things though or what, but his comments about bitcoin not being "green" are just stupid. He had to have known all along how bitcoin works and how much electricity the network consumes. And it's not like dogecoin isn't a PoW coin itself. It's all very strange.
I know people don't probably want to hear this but I seriously don't think we are going to see the 64k-65k usd price point for bitcoin again anytime soon.
May be but if Bitcoin is able to get back to or above $48-51K then it is likely that it will continue up to that target but as it is now that is going to be some hard Bulls work to get Bitcoin back up there from this current $43k+ position. 
I know people don't probably want to hear this but I seriously don't think we are going to see the 64k-65k usd price point for bitcoin again anytime soon.
May be but if Bitcoin is able to get back to or above $48-51K then it is likely that it will continue up to that target but as it is now that is going to be some hard Bulls work to get Bitcoin back up there from this current $43k+ position. I had the same thing during this period as well, when it bottomed at 50k I said it would be a miracle for it to go down even more because it already dropped and now it was at the recovery stage, and then BAM! something happened and its lower now. So, things that look very difficult to happen tend to be not that difficult all of a sudden, it is the crypto world and it has always been like that I do not know what to expect anymore.
Also not alot of people are pointing this out but the bitcoin dominance is well below the 40% mark. Should this be any cause for concern?
I know people don't probably want to hear this but I seriously don't think we are going to see the 64k-65k usd price point for bitcoin again anytime soon.
May be but if Bitcoin is able to get back to or above $48-51K then it is likely that it will continue up to that target but as it is now that is going to be some hard Bulls work to get Bitcoin back up there from this current $43k+ position. I know people don't probably want to hear this but I seriously don't think we are going to see the 64k-65k usd price point for bitcoin again anytime soon.
May be but if Bitcoin is able to get back to or above $48-51K then it is likely that it will continue up to that target but as it is now that is going to be some hard Bulls work to get Bitcoin back up there from this current $43k+ position. I know people don't probably want to hear this but I seriously don't think we are going to see the 64k-65k usd price point for bitcoin again anytime soon.
May be but if Bitcoin is able to get back to or above $48-51K then it is likely that it will continue up to that target but as it is now that is going to be some hard Bulls work to get Bitcoin back up there from this current $43k+ position. 
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.
You can blame Elon Musk for trolling the entire crypto community and the whole market for the sudden crash. He announced that Tesla will no longer accept Bitcoin payments because according to Musk, cryptocurrencies are hurting the environment. Moreover, environmentalists were claiming that Bitcoin mining was taking a large toll on electricity, which is solely based on fossil fuels, especially coal, and were against Tesla's option to receive Bitcoin payments.What an irony, the large scale of battery production isn't that environmentally friendly either, but no one is commenting on that.
I know people don't probably want to hear this but I seriously don't think we are going to see the 64k-65k usd price point for bitcoin again anytime soon.
this is not the sudden big drop in the crypto market yet. the massive dump is yet to come. we are just seeing a small drop in bitcoin price because of the recent FUD which obviously led to a lot of bloodshed in the altcoin market like it always does.
the biggest dump is going to start when the altcoin pumpers run out of money and start reversing their pumps then you see the real "sudden drops".
I get what you are saying, but I wouldn't call a 13% drop small either though. The sudden crash was a result of Tesla and Musk, stopping Bitcoin payments for purchases, claiming that Bitcoin is hurting the environment due to mining operations. However, I don't see where you are coming from, claiming that a bigger market crash is on the way. Where's the source for that? I can't really understand what you want to say by mentioning that those "pumps" will start reversing when altcoiners run out of money.the biggest dump is going to start when the altcoin pumpers run out of money and start reversing their pumps then you see the real "sudden drops".
It is the hardest thing to do to make a statement that the bull run for this year is over. Because bitcoin price or even all crypto price movement are so volatile. You can judge that now the bull run market is over but in few time a head the coin price increasing drastically, so we have made a false statement for bull and bear market.
Ans yeah there is a worry thing that will come to all crypto user, if bull run for bitcoin is over then we will see a huge dump that will happen. Many people will see to the previous bull run where bitcoin just dropped a lot and I think the situation is not much different with the previous bull run. So, yeah just be carefull for thoss who still hold bitcoin, for thoss who have intention for long term investment you should make a daily analyst to avoid it.
Ans yeah there is a worry thing that will come to all crypto user, if bull run for bitcoin is over then we will see a huge dump that will happen. Many people will see to the previous bull run where bitcoin just dropped a lot and I think the situation is not much different with the previous bull run. So, yeah just be carefull for thoss who still hold bitcoin, for thoss who have intention for long term investment you should make a daily analyst to avoid it.
So Bitcoin is at sub 45,000 usd whats next> Will it maintain its 44-45k range, go higher or drop even further?
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 !
When I said this, everybody thought I am bearish but I just tried to warn everybody for the correction that was inevitable. It happened, and it happened just in a way I told my friends and also the community here. There are now more probabilities of btc getting dumped by retailers and also check the patience of institutions if they can handle the heat, or this correction will flush out another wave of weak hands and a new, more stronger bull run will begin.
What doesn't kill you makes you stronger. Bitcoin is in such a strong position now, thanks to its strong resistance when powerful people tried to destroy it. Elon Musk is not the first billionaire who tried to destroy Bitcoin and he will not be the last one. But the earlier ones realized that it is impossible to destroy Bitcoin, since it doesn't exist in the physical form. The decentralized nature of Bitcoin means that you can't destroy Bitcoin by taking down a central server or organization. And now Elon Musk will be taught a lesson which he will never forget in his life.
Why would you think Musk is trying to destroy bitcoin? Because he said something that you didn't like, so you ascribed all your emotionality onto it? Tesla won't accept bitcoin, so clearly this is evidence that Musk is trying to destroy it!
And yeah, the second richest man on the planet is sure about to learn a lesson for not praising bitcoin to the moon, lol.
P.S This is my 1000th post!
Bitcoin price dump few days ago which also affected the price of other altcoins which i believe is caused by the current post by Elon musk that tesla won't longer accept bitcoin which I really believe that they are trying to use Elon musk just to destroy bitcoin price. The post really affect bitcoin price because there was a dump and now bitcoin price is still dropping gradually but I believe with time bitcoin is going to be balance again and other altcoins can also pump.
What doesn't kill you makes you stronger. Bitcoin is in such a strong position now, thanks to its strong resistance when powerful people tried to destroy it. Elon Musk is not the first billionaire who tried to destroy Bitcoin and he will not be the last one. But the earlier ones realized that it is impossible to destroy Bitcoin, since it doesn't exist in the physical form. The decentralized nature of Bitcoin means that you can't destroy Bitcoin by taking down a central server or organization. And now Elon Musk will be taught a lesson which he will never forget in his life.
Why would you think Musk is trying to destroy bitcoin? Because he said something that you didn't like, so you ascribed all your emotionality onto it? Tesla won't accept bitcoin, so clearly this is evidence that Musk is trying to destroy it!
And yeah, the second richest man on the planet is sure about to learn a lesson for not praising bitcoin to the moon, lol.
Market volatility is normal and you should be accustomed to it so if you cannot afford a 10% loss then this market is not a suitable place for you.
Everyone says that Elon musk is the reason for this volatility it is the nature of the market and there are several factors that may lead to price fluctuation, and one of them may be that Tesla stops accepting cryptocurrencies.
Relax, it is an opportunity to buy cheaper.
Everyone says that Elon musk is the reason for this volatility it is the nature of the market and there are several factors that may lead to price fluctuation, and one of them may be that Tesla stops accepting cryptocurrencies.
Relax, it is an opportunity to buy cheaper.
I agree investing isn't for you if you can't handle volatility, but I can understand people's frustration when an eccentric billionaire causes the market to crash. Not really a "may" regarding Musk and his announcement of Tesla and Bitcoin. It flat out sent the markets crashing. I think it was a clear example of a pump and dump (not like I have any proof), but the only silver lining is that it'll dissipate the Musk cult's formed with him and Tesla (and doge).
I don't think that we are already in the bear market, the sudden drops of the bitcoin is all because of Elon Musk who is playing the market
We are not but this might be the trigger to the bear market. Most people are buying with the FOMO hype and those people are probably following Elon's step so as the result of his controversial tweet, most people sold their crypto. We are currently in downtred thanks for that . Bitcoin hit below $47k currently as I post this, I havent really see the price below $47k as $47k should stand for the support level
For some people they'd probably be panicking by now, so yeah we might get to see some sell pressure soon
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