A Sudden Price Drop in The Crypto Markets - page 6.

Ultegra134

hero member

Activity: 1540

Merit: 744

Quote from: jostorres on May 15, 2021, 04:20:25 PM

Quote from: Alucard1 on May 15, 2021, 06:44:03 AM

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, he announced that Tesla is no longer accepting bitcoin as payment, and by that announcement we have seen a huge impact of it with the market especially with the value of bitcoin. We knows how influential Elon Musk is, so by just posting a tweet he can really do something like this, I am still hoping and believing that Bitcoin will still recover within this month.

We are definitely not in a bear market. We had a correction which dropped the price, but then we had Elon making excuses for not accepting bitcoin and that's about it, there was nothing to worry about. These things dropped the price a bit but the reality is that we are not going to see anything substantial in the future, we are going to see bitcoin prices going up again.

Remember just in 2021 we had corrections for few times, I think it was about 5-6 times already where the price reached ATH prices and then had a correction and dropped like 20%+ and even more which resulted with price going back up and that is what we have right now. Price dropped and that is a sad thing but we had drops before and each time we went back up again and moved higher, that is what we are going to have once again in the future and that is why I am not worried about a potential of bear market start right now.

I don't think there's much to worry about, as you've also mentioned, quite a few corrections had already occurred during 2021. Don't forget the largest of all, during March. Bitcoin had plummeted to approximately $40.000 if I remember correctly. There's no need to panic, it's probably a result of Elon Musk playing monopoly, along with a possible market correction.

jostorres

hero member

Activity: 2464

Merit: 585

Quote from: Alucard1 on May 15, 2021, 06:44:03 AM

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, he announced that Tesla is no longer accepting bitcoin as payment, and by that announcement we have seen a huge impact of it with the market especially with the value of bitcoin. We knows how influential Elon Musk is, so by just posting a tweet he can really do something like this, I am still hoping and believing that Bitcoin will still recover within this month.

We are definitely not in a bear market. We had a correction which dropped the price, but then we had Elon making excuses for not accepting bitcoin and that's about it, there was nothing to worry about. These things dropped the price a bit but the reality is that we are not going to see anything substantial in the future, we are going to see bitcoin prices going up again.

Remember just in 2021 we had corrections for few times, I think it was about 5-6 times already where the price reached ATH prices and then had a correction and dropped like 20%+ and even more which resulted with price going back up and that is what we have right now. Price dropped and that is a sad thing but we had drops before and each time we went back up again and moved higher, that is what we are going to have once again in the future and that is why I am not worried about a potential of bear market start right now.

mojun7982

full member

Activity: 269

Merit: 100

The Standard Protocol - Solving Inflation

Quote from: ?? on ??

Quote from: Silberman on May 14, 2021, 12:09:00 PM

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.

It is too soon to say the bull run is over, the price is too close to the all time high and it has remained at those levels for too long for the current all time high to be the highest point we are going to reach, the market is just gathering strength, now it is going to be more difficult for bitcoin to grow up with all of those altcoins receiving a lot of attention, but eventually enough interest n bitcoin will raise again and we will see bitcoin producing new all time highs in no time at all.

indeed lately Bitcoin price movements tend to be more stable, after rising a few weeks then falling again then experiencing a slight increase again, if making a bullish statement in 2021 is over, of course, the truth cannot be ascertained. but according to my own personal predictions Bitcoin will make new history again until the end of this year

In terms of percentages it will become more stable with higher prices but it is still volatile. When Bitcoin prices were low it was way more volatile and could quadruple in price or lose 75% easily. That's not going to happen the same way with Bitcoin's price increasing more and more.

Alucard1

full member

Activity: 574

Merit: 125

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, he announced that Tesla is no longer accepting bitcoin as payment, and by that announcement we have seen a huge impact of it with the market especially with the value of bitcoin. We knows how influential Elon Musk is, so by just posting a tweet he can really do something like this, I am still hoping and believing that Bitcoin will still recover within this month.

zanezane

full member

Activity: 868

Merit: 150

★Bitvest.io★ Play Plinko or Invest!

Quote from: Bitstar_coin on May 14, 2021, 04:06:26 PM

I think the Elon Musk announced also influence the sell of greatly, btc has witness a tremendous price rise since last year end to this year and if it dip a little I don't see why that should be a problem. But unfortunately some investors don't know about the market situation except to panic sell.

The problem is that people are ungrateful as to where bitcoin is now, and they want to get back their capital with a lot of profits as fast as possible so they are mad that the prices go down because they have to wait again. It's good that they panic sell, the market automatically weeds out the undeserving people.

dezoel

legendary

Activity: 2002

Merit: 1072

Leading Crypto Sports Betting & Casino Platform

Quote from: cute nmp on May 13, 2021, 03:21:42 PM

Just woke up this morning and saw that bitcoin price drop down to around fourty-five thousand.It is an alarming thing to see a sudden downtrend just because of Elon Musk announcement that Tesla will no longer be accepting Bitcoin because of the effects of mining to the environment.The good news is that we are still in a bull market don't think this news is enough to pull us back into the bear market as prices seems to be rising now.

The reality might be that whales are manipulating the market and the tweets from Elon Musk are nothing but a distraction because people need a reason to assure themselves why the bitcoin is falling down.

Quote from: Vishnu.Reang on May 14, 2021, 03:14:07 AM

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, I don't think he wants to kill bitcoins at all. In my opinion, he is just helping some of the billionaire friends earn huge by making a series of tweets as per their requirements.

Quote from: mrquackquack on May 13, 2021, 02:15:38 PM

Given the state of all that is going on, is it a feasible idea to think that we may see a sub 45k price point for bitcoin?

I don't know why people start to worry and make speculations just after a small drop. I don't even check the price of bitcoins anymore because it only creates chaos and leads me to doubt my own decisions. The best way to avoid being impacted by these drops and rise is that you invest for the long term and don't check the price daily.

Bitstar_coin

hero member

Activity: 2408

Merit: 693

Undeads.com - P2E Runner Game

I think the Elon Musk announced also influence the sell of greatly, btc has witness a tremendous price rise since last year end to this year and if it dip a little I don't see why that should be a problem. But unfortunately some investors don't know about the market situation except to panic sell.

carlfebz2

hero member

Activity: 2926

Merit: 722

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.

Sudden drops arent solid indications that we are already on a bearish market and we cant able to tell it when its already happening and to know that this market is always been like this

on where it can rise or go down without any viable reason for you to look at.This is why you should really be preparing yourself into these kind of circumstances on where
price volatility is really high compared into other markets.

Dont let yourself easily get dragged with your emotion because sudden drops are just normal.Thing here is that the price do eventually recover after that.

jostorres

hero member

Activity: 2464

Merit: 585

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.

I think this happened for a number of reasons but mainly because of the tweet Elon made recently about not accepting Bitcoins. The crypto market is now held strong by a lot of new investors and unlike earlier, now the non-crypto community leaders like Elon do influence our market. Other reasons might be as always a big and strong bull run is always followed by a minor bear run so nothing much to be worried about. Big whales like Elon are playing and a small investor like us as a community should just hold and stay away from trading until the market becomes stable again.

Not sure why suddenly Elon is trying to manipulate the whole market because he first said tesla purchase BTC worth 1 Billion and surely he knew how BTC is mined and then he said Tesla even accepts Bitcoins and then he went ahead and started promoting dogecoin with no real explanation and now he is trying to dump the market, these moves look very fishy, to say the least.

Golftech

hero member

Activity: 2128

Merit: 520

Quote from: Andrews193 on May 14, 2021, 01:31:12 PM

Quote from: sapnu on May 14, 2021, 05:34:39 AM

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.

The price drop that occured is definitely correlated to Elon Musk's removing of bitcoin as a mode of payment in Tesla. He has a huge influence to investors considering that he is a billionaire that's why the price of bitcoin was hardly affected by his decision. He is currently supporting dogecoin and no one knows yet what is his plan with it. So far, bitcoin's price has finally recovered and at almost $50k once again. Bitcoin is a strong currency that's why we should never give up on whenever it experiences a struggle, just like what it always does, it will soon recover and exceed more ATH in the future.

Sure, Elon Musk can't shirk responsibility when this is basically a deliberate act, he wants people to adopt a new product in payment and that could be dogecoin and very quickly, we will realize that Elon Musk's absence is sometimes a good thing, someone who causes too much trouble should disappear. Dogecoin should also go down the same path when Elon Musk has put his hand in, this cake won't taste as good as many people think, bitcoin is still better according to the community's opinion.

Crypto investors are already wiser than before, it's been an experienced that whatever happened there are always a newcomers

that will provide, bounce is already happening now and we are again seeing good market movemets, after that dip another green

are showing to the whole market. It's not Musk alone but there are many investors around this market they'll not going to let this

manipulations to continue, but they are good riding with it. Be very careful and observant.

Ultegra134

hero member

Activity: 1540

Merit: 744

Quote from: BrewMaster on May 14, 2021, 12:58:47 PM

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.

Andrews193

member

Activity: 243

Merit: 10

Quote from: sapnu on May 14, 2021, 05:34:39 AM

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.

The price drop that occured is definitely correlated to Elon Musk's removing of bitcoin as a mode of payment in Tesla. He has a huge influence to investors considering that he is a billionaire that's why the price of bitcoin was hardly affected by his decision. He is currently supporting dogecoin and no one knows yet what is his plan with it. So far, bitcoin's price has finally recovered and at almost $50k once again. Bitcoin is a strong currency that's why we should never give up on whenever it experiences a struggle, just like what it always does, it will soon recover and exceed more ATH in the future.

Sure, Elon Musk can't shirk responsibility when this is basically a deliberate act, he wants people to adopt a new product in payment and that could be dogecoin and very quickly, we will realize that Elon Musk's absence is sometimes a good thing, someone who causes too much trouble should disappear. Dogecoin should also go down the same path when Elon Musk has put his hand in, this cake won't taste as good as many people think, bitcoin is still better according to the community's opinion.

BrewMaster

legendary

Activity: 2114

Merit: 1292

There is trouble abrewing

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".

mojun7982

full member

Activity: 269

Merit: 100

The Standard Protocol - Solving Inflation

Quote from: Argoo on May 13, 2021, 03:00:20 PM

Quote from: Ultegra134 on May 13, 2021, 07:05:59 AM

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.

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.

This is indeed the case. It seems that this time Elon Musk provoked a general decline in the cryptocurrency market with this statement. Usually, such negative news affects the market for several days, after which the cryptocurrency recovers in price. Prices are already starting to rise, but there is great volatility. I see that even the price of some tokens is jumping like crazy. I think that soon everything will return to normal and the market will continue to grow.

It is time for the market to mature then because it should not be possible for a single person to move the whole market like that.Good to se it is on its way to full recovery. Hopefully we will have some new all time highs with a lot of excitement.

Silberman

legendary

Activity: 2492

Merit: 1332

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.

It is too soon to say the bull run is over, the price is too close to the all time high and it has remained at those levels for too long for the current all time high to be the highest point we are going to reach, the market is just gathering strength, now it is going to be more difficult for bitcoin to grow up with all of those altcoins receiving a lot of attention, but eventually enough interest n bitcoin will raise again and we will see bitcoin producing new all time highs in no time at all.

hannahB4

member

Activity: 532

Merit: 13

This is a little correction for bitcoin and I could this time will pass away in the history of Bitcoin but with investors coming for it in a bad way I just hope the dip will not stay too long for correction to take place. We will continue to hold till we see the moon.

Anonylz

hero member

Activity: 2562

Merit: 577

Every drop gives an opportunity to buy the dip, if we are not give a count to all the drop btc has made since the last decade, the list will go on and throughout all this drop btc has always find a way to come back strong, we should be patient for the market because it always recover eventually.

SquallLeonhart

legendary

Activity: 2324

Merit: 1101

Quote from: sapnu on May 14, 2021, 05:34:39 AM

The price drop that occured is definitely correlated to Elon Musk's removing of bitcoin as a mode of payment in Tesla. He has a huge influence to investors considering that he is a billionaire that's why the price of bitcoin was hardly affected by his decision. He is currently supporting dogecoin and no one knows yet what is his plan with it. So far, bitcoin's price has finally recovered and at almost $50k once again. Bitcoin is a strong currency that's why we should never give up on whenever it experiences a struggle, just like what it always does, it will soon recover and exceed more ATH in the future.

That drop was something special. I mean I am not saying that drops are good, but I feel like people ended up buying because of tesla news and sold because of tesla news and that increase back in the day was now negated by the decrease today. It is not really that bad, we are still at 50k+ right now and that is cool, corrections are a big part of bitcoin these days, we dropped from 64k to under 50k very recently and still managed to go over 58k after that, now we are down to 50k again but I am sure we will have a moment where we will move beyond 60k once again.

These types of falls are only hurting two people; first is the person who has a long futures with a high leverage (well even low leverage because of how much it dropped) their position will be liquidated for sure, and secondly people who panic sell and get out thinking it will crash, when in fact it recovers. Nobody else gets hurt from corrections.

sapnu

sr. member

Activity: 1036

Merit: 286

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.

The price drop that occured is definitely correlated to Elon Musk's removing of bitcoin as a mode of payment in Tesla. He has a huge influence to investors considering that he is a billionaire that's why the price of bitcoin was hardly affected by his decision. He is currently supporting dogecoin and no one knows yet what is his plan with it. So far, bitcoin's price has finally recovered and at almost $50k once again. Bitcoin is a strong currency that's why we should never give up on whenever it experiences a struggle, just like what it always does, it will soon recover and exceed more ATH in the future.

mrquackquack

member

Activity: 1134

Merit: 10

Well if thats the case he might revert to exploiting dogecoin for his future spacex programs which in turn might pump up the price. I think one of his "friends" mark cubano is already starting to accept dogecoin for his dallas mavericks team.

Topic: A Sudden Price Drop in The Crypto Markets - page 6. (Read 1073 times)