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Topic: Another huge dump happening today, is this it? (Read 681 times)

hero member
Activity: 2058
Merit: 538
Leading Crypto Sports Betting & Casino Platform
It is not right to think that the market will only continue its upward trend. The market corrects after its uptrend and prepares for the next move. Today you may see that the market is trying to recover which in the coming days it will be understood which way the market will go. When the market corrects, there is an opportunity for traders to dip by, while panic sellers panic sell their assets.
This is the rule of the market. If the market can go up and down, the market has not created a panic. For experienced traders, they use it as an opportunity.
It is so hard to predict what will happen and l would say it is just impossible. But it will not change, there are always some people who sell their coins when the market gets down. However, as you know there is always such change in the crypto world and if you can be enough patient the event of the market will change and cryptocurrencies will start growing up again. You should not decide in a panic situation, that is why if you can not control your emotion, you will lose your money soon or late.
full member
Activity: 302
Merit: 100
The Standard Protocol - Solving Inflation
We are again seeing a bloody market, what is happening, do you know what's the reason behind this huge dump?

BTC -11%
ETH -12%
BNB -14%


Major coins are in red, the rest will follow, what could be next?

Ya, and the bloody market is history for now. That's not bloody, that's reasonable thank god it happened. It's like cooking water and you know it's getting hotter and hotter without letting go some steam. You'd be careful opening your cooking pot wouldn't you? It's better to have these dips sometimes than having them not at all ever.
hero member
Activity: 1820
Merit: 566
It is not right to think that the market will only continue its upward trend. The market corrects after its uptrend and prepares for the next move. Today you may see that the market is trying to recover which in the coming days it will be understood which way the market will go. When the market corrects, there is an opportunity for traders to dip by, while panic sellers panic sell their assets.
This is the rule of the market. If the market can go up and down, the market has not created a panic. For experienced traders, they use it as an opportunity.
It is so hard to predict what will happen and l would say it is just impossible. But it will not change, there are always some people who sell their coins when the market gets down. However, as you know there is always such change in the crypto world and if you can be enough patient the event of the market will change and cryptocurrencies will start growing up again. You should not decide in a panic situation, that is why if you can not control your emotion, you will lose your money soon or late.
It's hard to predict what will happen in the market but it never impossible to make the prediction, there is some event that will always impact the price of the market either we like it or not and using this event to predict the next trend of the market make it possible to predict the market price.

Patient is one of the keys to making a good investment decision, you need to relax and never decide when the market is in a panic stage or when the trend seems unclear.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
This dump was normal i guess most of the traders get their profit and they sold their coins due to which market was red but again market is recovering and currencies start growing to reach their maximum prices. I think market will stay there for few days and then we will see a huge pump again. Now bitcoin and other currencies will increase because many new investors coming to crypto world and start buying altcoins. Wait for the next pump which is near.
I am not so sure the dump happened because of normal market forces, it seems the bears are doing everything they can to manipulate the market and they were successful for a time but the bulls are so strong that even if the price went below 50k during some time that was not enough to keep it there for long, it seems to me that this bull run is going to last longer than what many people expected and for me that is fine as I will benefit from my bitcoin holdings even more than what I thought I would.
sr. member
Activity: 1036
Merit: 286
The price movement of bitcoin and other cryptocurrencies have been very confusing nowadays. After the consecutive new ATH of bitcoin, many are starting to worry whenever it experiences deeps and maybe it is all because of what happened way back 2018. Indeed, the market wouldn't go on with its upward trend, corrections will take place or sudden dumps may occur and the best thing we can do is prepare ourselves for the best and for the worst to avoid regrets. Amidst all the speculations, we should not rely on it completely since all of it are just smart guesses. It would be better if we personally observe the pattern or movement in the market so we can make better decisions for the benefit of us.
full member
Activity: 826
Merit: 104
Low,highs and bloody to the green market often occur in trade. so we must always be vigilant and always follow the price developments that occur if we decide to buy or sell the coins we have
Having to look at the problem again, I think such a deep decline is understandable since it has risen all the way through the bull run up to the present. I was also quite desperate at a time when the entire market fell so deep, but the uptrend is not over yet and we are still looking forward to a booming altcoin season.
jr. member
Activity: 406
Merit: 1
Low,highs and bloody to the green market often occur in trade. so we must always be vigilant and always follow the price developments that occur if we decide to buy or sell the coins we have
sr. member
Activity: 1456
Merit: 267
Buy $BGL before it's too late!
People need to understand this that correction is part of the market, if you fill this is a crash then take your money and run, we are about entering the last lap of this bull run so have a take profit position by now, you can leave a small portion to run depending on how long the run will be.

The correction happened, and it's necessary so we can expect it anytime. This time, I guess the correction is not coming anytime soon yet, there's only a minor correction but I'm expecting a bigger one. Bitcoin hasn't dropped $40k even if it already touches $40k plus in the past few days, so probably the trend now is an uptrend, let's see what would happen next.

It's played perfectly, those who are weak are regretting there loses now, after that downfall many holders who
panics are dissapointed with how the market run.

For those who continue to believe and instead of selling they continue to buy those cheap coins and added it up
to their previous assets. They are enjoying for sure.
hero member
Activity: 2912
Merit: 674
People need to understand this that correction is part of the market, if you fill this is a crash then take your money and run, we are about entering the last lap of this bull run so have a take profit position by now, you can leave a small portion to run depending on how long the run will be.

The correction happened, and it's necessary so we can expect it anytime. This time, I guess the correction is not coming anytime soon yet, there's only a minor correction but I'm expecting a bigger one. Bitcoin hasn't dropped $40k even if it already touches $40k plus in the past few days, so probably the trend now is an uptrend, let's see what would happen next.
sr. member
Activity: 798
Merit: 263
Bitcoin options expiry is on fourth Friday of every month and usually bitcoin and market corrects into it. After that there is a good rise into middle of next month. It is rally time now.
hero member
Activity: 1750
Merit: 720
Top Crypto Casino
It is not right to think that the market will only continue its upward trend. The market corrects after its uptrend and prepares for the next move. Today you may see that the market is trying to recover which in the coming days it will be understood which way the market will go. When the market corrects, there is an opportunity for traders to dip by, while panic sellers panic sell their assets.
This is the rule of the market. If the market can go up and down, the market has not created a panic. For experienced traders, they use it as an opportunity.
copper member
Activity: 1722
Merit: 1004
Campaign Management & Translation Service
This dump was normal i guess most of the traders get their profit and they sold their coins due to which market was red but again market is recovering and currencies start growing to reach their maximum prices. I think market will stay there for few days and then we will see a huge pump again. Now bitcoin and other currencies will increase because many new investors coming to crypto world and start buying altcoins. Wait for the next pump which is near.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
People need to understand this that correction is part of the market, if you fill this is a crash then take your money and run, we are about entering the last lap of this bull run so have a take profit position by now, you can leave a small portion to run depending on how long the run will be.
That's what those people who kept asking if it's no longer going to recover, they should runaway with their money and never go back. Sometimes, you're going to get full of them when you usually see questions coming to you personally through social media or you see in different groups whining about the market condition.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
There are some bad news that came for bitcoin from CHINA and US.
Not only from these countries, but I also heard there is a banning issue of crypto in UK. The banks in UK now don't allow their customers to crypto deposit. Just check this article: https://coingeek.com/uk-banks-ban-digital-currency-deposits-report/. Since these are big countries, it is normal if the price of crypto decreasing much. Many people are in a panic because they are worried about their crypto assets. I really hope if this issue will disappear soon and don't affect more negative impacts on crypto market.

We know that when FUD appears it comes from all sides at the same time, this is to try to scare as many people as possible as it is obvious governments around the world do not want people adopting bitcoin or any other cryptocurrency expect the ones they are about to release, but I think it is too late, they thought this market will never progress beyond a certain point but now they are seeing that thanks to their own policies during the pandemic this market is growing out of control and they are trying to stop this somehow with all the tools they have at their disposal.
full member
Activity: 1848
Merit: 158
People need to understand this that correction is part of the market, if you fill this is a crash then take your money and run, we are about entering the last lap of this bull run so have a take profit position by now, you can leave a small portion to run depending on how long the run will be.

A lot want continuous rise in the market, so they are disappointed when they see that the prices are starting to drop. However, we need this correction from time to time. The reason why we can see up and down movement in the market. Not only today, but in the previous years. So this correction should be expected to happen. Nothing wrong with the drop. They thought the increase is forever, which it is not. In few weeks or months, we may be seeing the rise of prices again.
sr. member
Activity: 1313
Merit: 302
You had mention three coin on the binance exchanged. Apart from this, lot of trusted coin in the binance platform. The coin listed on binance will boost to moon in a short. But it was a different senerio in various less potential coin in the market. The a drap to get your money, you should not inverse in such coin.
hero member
Activity: 1876
Merit: 512
People need to understand this that correction is part of the market, if you fill this is a crash then take your money and run, we are about entering the last lap of this bull run so have a take profit position by now, you can leave a small portion to run depending on how long the run will be.
member
Activity: 896
Merit: 17
Disturbing news comes from the United States, perhaps this is one of the reasons for the sharp drop in bitcoin and its altos, but still I would like to think that this is a small correction and the market will show another explosive growth dynamics.
member
Activity: 812
Merit: 10
The story was that China's CBDC was confirmed to be backed by gold. There is no way to link the dots here, but consumers are simply expecting gold to be a better choice than BTC right now. People get too tempted as the price continues to rise for an extended period of time, and they forget that the price will eventually fall. And it is necessary; we must see it as a market correction rather than a dump.
member
Activity: 155
Merit: 10
Every one thoughts this april will be the best month for crypto with different price predictions for altcoins here and there, well april isn't over yet who knows what can still come up? It's just more dangerous to me to invest in coins at ATH, to say the truth I'm already waiting for another bear season already, I got loads of coins to pick up for cheaper price
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