About time it crashed - page 2. | Bitcointalksearch.org

Asuspawer09

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Quote from: thirdprize on May 19, 2021, 06:58:36 AM

It went up at christmas as it usually does, but then it kept going up a bit. $20-30K was about the reasonable price.

Then NFTs came along. Like all bubbles they blew BTC up. Then musk and doge took off and it went up further. Finally coinbase floated and it hit is peak.

Coinbase flopped miserably, musk started bad mouthing btc and NFTs stalled. It was all bound to end in tears.

Honestly, i see btc back in the $20K region before the end of the month.

We are still in a bullish even after the dump because of the Elon Musk tweets or the Tesla announcement about bitcoin. Because starting in the early 2021 we experienced a very big pump so probably most of us are still a lot bullish.

I dont really think that the bitcoin could go down to the point like what happaned in the past 2017-2018. I think it is almost impossible to go below 20k$ in the market. But because we need to have a correction i think market could still go down around 25k$.

There are a lot of market manipulation happening so the dump might be a effect of that but its a good opportunity either eay since the market will always bounce back.

thirdprize

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Still going down.

Stalker22

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Quote from: plr on May 22, 2021, 04:56:21 PM

The market has suffered a lot but I don't think it will go down the $20k level again the FUDS will come to pass and it will bounce back again, it's time for the community to mature now and stop and don't listen to those creating FUDS like Elon Musk, hopefully, Elon will keep its promise of not dumping his share after he create a FUD.

I don't give a damn what Elon does with his bitcoins. Whether he sells or not, it doesn't matter. Bitcoin is still Bitcoin.

plr

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Quote from: thirdprize on May 19, 2021, 06:58:36 AM

It went up at christmas as it usually does, but then it kept going up a bit. $20-30K was about the reasonable price.

Then NFTs came along. Like all bubbles they blew BTC up. Then musk and doge took off and it went up further. Finally coinbase floated and it hit is peak.

Coinbase flopped miserably, musk started bad mouthing btc and NFTs stalled. It was all bound to end in tears.

Honestly, i see btc back in the $20K region before the end of the month.

The market has suffered a lot but I don't think it will go down the $20k level again the FUDS will come to pass and it will bounce back again, it's time for the community to mature now and stop and don't listen to those creating FUDS like Elon Musk, hopefully, Elon will keep its promise of not dumping his share after he create a FUD.

newwest

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Quote from: repear7 on May 20, 2021, 08:42:34 AM

Market now look like stable. Price of btc increasing. But, Market can down anytime. It’s normal to up, down in cryptocurrency market.

Bitcoin is in range between 37-40 k for now which is good but still breaking 35k would be worst for now it seems as it could lead back again to 30k price range. Its some tough time and if can survive the next few days in this price range could see if back slowly moving up to 50k back again.

BITCOIN4X

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Bitcoin is an asset that is constantly fluctuating either without or due to negative news. Elon Musk is currently the one who is constantly being blamed for the falling price of bitcoin due to the decision he took some time ago. It's a natural reaction for those who rely entirely on the hype that Elon Musk has created.

The fact is that there is nothing wrong with the pump and dump of the current price of bitcoin as we have seen it all the time since it was trading. Bitcoin will not continue to increase incessantly, nor will it fall without changing trend. Bitcoin could still fall lower than expected and it could still pass ATH all the time in the future. The point is, the current fluctuation of bitcoin price is a natural thing and it become unnatural because many people are disappointed because they just rely on the hype that exists without sufficient analysis.

Tmdz

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There is currently too much fear in the market and establishment types are taking advantage to kick bitcoin while it is down.
I think a big bounce will come in to give some relief, and we have only currently returned to the initial bull trend line we started at the run to 20k.

Things were getting too insane, people were making money on scam coins that have 0 use. So this is the humbling experience people talk about in bitcoin.

newdevices

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Quote from: Obito on May 22, 2021, 07:17:01 AM

I would be relieved that it crashed if I had the money to buy more bitcoin for me during this crash so I can accumulate more in my portfolio but I don't have so I am a bit mad that the price crashed this month instead of next month because there is a possibility that some of my other investment might be fruitful by the end of this month and I will buy soem bitcoin with those profit.

yes bitcoin is corrected -30% more than new ATH, for me this is a good opportunity to buy it gradually,
don't enter all in the market if the situation is still unstable, reportedly there will still be another dump until the next support is at $ 25k,
I got this information from fellow traders. I hope it doesn't happen this year

ultrloa

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Quote from: TimeTeller on May 21, 2021, 06:59:44 PM

Quote from: yohananaomi on May 21, 2021, 04:30:36 PM

Quote from: uneng on May 21, 2021, 02:37:15 PM

Bitcoin pretty unstable right now, fighting bravely to stay in 40,000$ level, but the market keeps pushing it down to 36,000$. It looks like bitcoin is going to hit 33,000$ support level again soon. Now it's time to keep watching the fluctuations so we can reach to a conclusion if bitcoin is going to stabilize, rise again or enter into a deep bear disgusting season. So far it's not possible to say what is going to happen yet.
Institutional investors card revealed to be a big trojan horse and I don't expect to count with this to see bitcoin pumping again. A different positive and innovative event is needed to boost bitcoin's price.

yes, good news to reduce the bad news that has been experienced in recent days, at least it is very much awaited to be able to influence so that bitcoin does not continue to sink because of bad information.
a deep correction is certainly not very profitable for those who buy when the price is high because when buying they really believe that bitcoin will increase more fantastically. but it is now undergoing correction and of course it is surprising.

if you want to see when the end of last year actually bitcoin did the same thing with the current correction, bitoin increased very quickly and sharply. We also know that ethereum and altcoin themselves are unable to keep up with the fast movement of bitcoin, they are left far behind and can only move at the beginning of this year. but unfortunately altcoins are also affected by the current bitcoin movement.

We hope that there is still a long time to go until the end of the year, there will definitely be changes because I believe because the halving effect will occur at the end of this year.

Correction will always be a part of this market, and it will always will be.
However, it only change thru time as the adoption also changes.
And this time, the adoption is quite different from previous years.
Big names are in this game, and so the crash may not be that bad as compared as before.
But of course, we always need to take precautions in order not to lose much in this market.

The main thing here is we need to be prepared for it since whatever fly high it drops and same goes with bitcoin thats why I'm kinda expecting it and gladly I converted my balances to stable coins before the Chins fud hits, now I'm just monitoring the whole scene since I'm preparing to buy again and hoping to see more bargain price of alts so that we can accumulate some huge volumes in my bag Cheesy

.

Obito

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I would be relieved that it crashed if I had the money to buy more bitcoin for me during this crash so I can accumulate more in my portfolio but I don't have so I am a bit mad that the price crashed this month instead of next month because there is a possibility that some of my other investment might be fruitful by the end of this month and I will buy soem bitcoin with those profit.

LogitechMouse

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Bitcoin to $20,000 seems reasonable to me because after all, it was the highest price that Bitcoin reached in 2017 (at least near to that price).
The resistance back in the years now becomes a support

.

On Coingecko, price of Bitcoin dropped again to below $40,000 just a few hours but now going up again. Bitcoin has been just going up and up for the last 8 or more months and the fuel of the rocket has gone empty causing the rocket to go down Cheesy

. What I'm saying is not all assets are always going up including Bitcoin. Yes in long term it will go higher but there will be corrections like this that will happen along the way.

I just hope that after this negative news that happened, some or most of the users here bought some at the dip and if you are then congratulations

. TBH, there is a second when I thought of selling most of my holdings but luckily I didn't make it.

TimeTeller

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Quote from: yohananaomi on May 21, 2021, 04:30:36 PM

Quote from: uneng on May 21, 2021, 02:37:15 PM

Bitcoin pretty unstable right now, fighting bravely to stay in 40,000$ level, but the market keeps pushing it down to 36,000$. It looks like bitcoin is going to hit 33,000$ support level again soon. Now it's time to keep watching the fluctuations so we can reach to a conclusion if bitcoin is going to stabilize, rise again or enter into a deep bear disgusting season. So far it's not possible to say what is going to happen yet.
Institutional investors card revealed to be a big trojan horse and I don't expect to count with this to see bitcoin pumping again. A different positive and innovative event is needed to boost bitcoin's price.

yes, good news to reduce the bad news that has been experienced in recent days, at least it is very much awaited to be able to influence so that bitcoin does not continue to sink because of bad information.
a deep correction is certainly not very profitable for those who buy when the price is high because when buying they really believe that bitcoin will increase more fantastically. but it is now undergoing correction and of course it is surprising.

if you want to see when the end of last year actually bitcoin did the same thing with the current correction, bitoin increased very quickly and sharply. We also know that ethereum and altcoin themselves are unable to keep up with the fast movement of bitcoin, they are left far behind and can only move at the beginning of this year. but unfortunately altcoins are also affected by the current bitcoin movement.

We hope that there is still a long time to go until the end of the year, there will definitely be changes because I believe because the halving effect will occur at the end of this year.

Correction will always be a part of this market, and it will always will be.
However, it only change thru time as the adoption also changes.
And this time, the adoption is quite different from previous years.
Big names are in this game, and so the crash may not be that bad as compared as before.
But of course, we always need to take precautions in order not to lose much in this market.

newdevices

full member

Activity: 1048

Merit: 102

$ 20k is still very reasonable, but maybe not at the end of this month, there is still a strong reason why I am giving this statement,
first all the news that spread is FUD, and the candle has a long wick at $ 30k, yeah this makes me think that bullish for mid term could return to $ 45k before dumping again to $ 20k,
let's have a look, which is definitely very risky for trading bitcoin now.

yohananaomi

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Quote from: uneng on May 21, 2021, 02:37:15 PM

Bitcoin pretty unstable right now, fighting bravely to stay in 40,000$ level, but the market keeps pushing it down to 36,000$. It looks like bitcoin is going to hit 33,000$ support level again soon. Now it's time to keep watching the fluctuations so we can reach to a conclusion if bitcoin is going to stabilize, rise again or enter into a deep bear disgusting season. So far it's not possible to say what is going to happen yet.
Institutional investors card revealed to be a big trojan horse and I don't expect to count with this to see bitcoin pumping again. A different positive and innovative event is needed to boost bitcoin's price.

yes, good news to reduce the bad news that has been experienced in recent days, at least it is very much awaited to be able to influence so that bitcoin does not continue to sink because of bad information.
a deep correction is certainly not very profitable for those who buy when the price is high because when buying they really believe that bitcoin will increase more fantastically. but it is now undergoing correction and of course it is surprising.

if you want to see when the end of last year actually bitcoin did the same thing with the current correction, bitoin increased very quickly and sharply. We also know that ethereum and altcoin themselves are unable to keep up with the fast movement of bitcoin, they are left far behind and can only move at the beginning of this year. but unfortunately altcoins are also affected by the current bitcoin movement.

We hope that there is still a long time to go until the end of the year, there will definitely be changes because I believe because the halving effect will occur at the end of this year.

Oilacris

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Activity: 2996

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Quote from: thirdprize on May 19, 2021, 06:58:36 AM

It went up at christmas as it usually does, but then it kept going up a bit. $20-30K was about the reasonable price.

Then NFTs came along. Like all bubbles they blew BTC up. Then musk and doge took off and it went up further. Finally coinbase floated and it hit is peak.

Coinbase flopped miserably, musk started bad mouthing btc and NFTs stalled. It was all bound to end in tears.

Honestly, i see btc back in the $20K region before the end of the month.

There are sure lots of things we can talk on basing up with our own observation on the events that happened along the way or in the past which we can say that it was relevant nor it did contribute in regards with bitcoins price movement.

No denial that all of those things had made out effect but to tell that recognition and popularity had really increased on this manner even to those people get involved havent entered on this market
then we might be still seeing these numbers.

It is just suck to think off that we made it high but now we are dipping almost 50% in a short time.

uneng

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Bitcoin pretty unstable right now, fighting bravely to stay in 40,000$ level, but the market keeps pushing it down to 36,000$. It looks like bitcoin is going to hit 33,000$ support level again soon. Now it's time to keep watching the fluctuations so we can reach to a conclusion if bitcoin is going to stabilize, rise again or enter into a deep bear disgusting season. So far it's not possible to say what is going to happen yet.
Institutional investors card revealed to be a big trojan horse and I don't expect to count with this to see bitcoin pumping again. A different positive and innovative event is needed to boost bitcoin's price.

dezoel

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That’s why I never listen to people who will tell you that that it will reach a million before dropping. Some people can be very annoying , anytime the price of Bitcoin is going up they will all start acting like it’s never going to come down again, they know very well how volatile the cryptocurrency market can be, but they still chose to ignore the fact that it can crash anytime , so they deserve whatever it is that they are getting now.

Cryptocurrency market is not a place for us to be driving reckless, we have to be careful when it is crypto that we are dealing with, because if you’re not then you’re sure going to be losing any moment. Bitcoin has already tried; the price went up during pandemic, a time that nobody thought it’s ever going to do that, and it kept going strong and reached a higher price than most people expected, and then it also have stayed there for long.

UserU

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Looks like there's some resistance from breaching the mid-45K range.

Make sure to prepare extra funds if things go South even further Grin

ultrloa

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Quote from: repear7 on May 20, 2021, 08:42:34 AM

Market now look like stable. Price of btc increasing. But, Market can down anytime. It’s normal to up, down in cryptocurrency market.

Its increasing temporarily but we don't know if the price would really became stable or it will pump more since as of now I heard some rumors that we might see another huge fall and this current price is for bull trap. Hopefully we cannot see that trappings on actual scenario and bitcoin will pump back again so that we can enjoy earning money on trading this expensively.

michellee

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Even if the bitcoin price goes down to $20k, that will not be a problem for me because that will be a big discount for me to buy bitcoin at the very lowest price, which I think is hard to see future. But hopefully, the bitcoin price will not go down to that price and will stay at this current price and in the next week, the bitcoin price will increase slowly. It is just a correction, whether this time the correction is too deep than what we expect before. But we need to enjoy this moment as we can do something related to the market.

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