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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
full member
Activity: 548
Merit: 107
Following previous month Bitcoin dip at the end of the April, this time taxation and some news make the market down. But, things will change so be prepared for a quick move to the upside between now and the end of the month. Maybe the end of April the situation will be different because most of us having confidence BTC would over $60K again.
full member
Activity: 714
Merit: 104
To date, the fall in the Bitcoin exchange rate in the cryptocurrency market is explained by many reasons, including power outages in China, US sanctions against Russia, as well as the listing of shares of the largest cryptocurrency exchange on Coinbase. Another important fact is that Biden proposed to impose tax increases on rich people, and this, in turn, may also be the factor that influenced the rates of cryptocurrencies. But as always, this has a fleeting impact and soon everything will return to the same course.
sr. member
Activity: 882
Merit: 253
so they believe in a rumor ( stories without confirmation ) , then they sell and price dumped . if only theyl not think negative and dont do any action till the news gets confirmed , there shouldnt any dump thatl happen but china issue was confirmed although that was a long time issue and isnt the reason for the price fall . for whats next , no one will give you confirmation because why will they do that ? but dumps are soon followed by a pump , that is for sure .
That's the thing in a big deal in crypto even it's just a rumor if affects the price of BTC especially if the news is directly affecting the track of bitcoin resulting the dump along with most of cryptocurrencies. Bad news is always started with interesting tweet and even the media manipulating it so that it can get hype. We should also think that it great opportunity for us to buy again, $47 is enough for the dip and if this kind of bad news about crypto will not happen in the next couple of weeks, we might see btc in the new all time high.
hero member
Activity: 1246
Merit: 502
It is not mayor dumping, everytime bitcoin want to goes higher then its ATH it usually going down 38% from it ATM ( this is in bullish market cycle ), but when the bearish comes bitcoin may going down more then 50% of its ATH.

Maybe we will see another dump untill $45k or something before we continue to $100k.

Look at 2017 bull run..
full member
Activity: 2408
Merit: 202
★Bitvest.io★ Play Plinko or Invest!
Right now every dips in crypto market is a blessing for the wise, it's another buying opportunity you don't want to miss, to me I don't see bull season going away anytime soon, just keep buying the dip and selling high
If you come to Have funds or have sold when the price is still High then yeah you are wise enough to buy more in this kind of season.
But if you are a so called HOLDER then you must have another funds to bet for this dump.

I have got my advanced bonus from the company and yeah i decided to Invest all in bitcoin and some small part for Ripple.

copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
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?
Lots of Unconfirmed Issues that comes here and there and that's the first reason why the price dumps .
Then That China issue and their banning of mining from provinces .

But asking what could be next? there is no confirmation but the last time that Bitcoin down to this level is the time where after a week it climbs up to the new ATH.
so they believe in a rumor ( stories without confirmation ) , then they sell and price dumped . if only theyl not think negative and dont do any action till the news gets confirmed , there shouldnt any dump thatl happen but china issue was confirmed although that was a long time issue and isnt the reason for the price fall . for whats next , no one will give you confirmation because why will they do that ? but dumps are soon followed by a pump , that is for sure .

FUD is high when crypto market is at ATH because everyone is in profit so every bad news that can be related to crypto even though the source is not trusted will be very powerful. Even a random twitter post can destroy a market. Stock market is on downtrend too on this week and maybe this is the reason why crypto follow since everyone is taking profit after a long good run.
full member
Activity: 2408
Merit: 213
★Bitvest.io★ Play Plinko or Invest!
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?
Lots of Unconfirmed Issues that comes here and there and that's the first reason why the price dumps .
Then That China issue and their banning of mining from provinces .

But asking what could be next? there is no confirmation but the last time that Bitcoin down to this level is the time where after a week it climbs up to the new ATH.
sr. member
Activity: 1876
Merit: 318
It's common for huge dumps to happen in the crypto market, so many things can cause this to happen. The most important thing is
we shouldn't panic, because sooner or later the market will recover. So there's no need to worry, we just need to be patient, do not
become panic sell to see a market that suddenly dumps. According to my predictions in the next few days the crypto price will start
to slowly increase.
member
Activity: 588
Merit: 10
-ethernity cloud-
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?
I think all of the altcoins is in red zone too because of bitcoin correction in this past days. Well, this is normal beacuse alts will always be depend on bitcoin, and I hope this red zone will pass as soon as possible.
member
Activity: 369
Merit: 16
$CYBERCASH METAVERSE
Right now every dips in crypto market is a blessing for the wise, it's another buying opportunity you don't want to miss, to me I don't see bull season going away anytime soon, just keep buying the dip and selling high
hero member
Activity: 2086
Merit: 553
Leading Crypto Sports Betting & Casino Platform
Right now we are waiting for bitcoin to increase or will it continue to decline below $ 45,000? later if there is a decline in altcoins, you can be sure that it will experience a high decline. I myself have installed SL + on my trades to avoid deep losses. although many are still optimistic that bitcoin will be bullish until the end of the year, the negative sentiment in the US yesterday made a high decline
legendary
Activity: 3066
Merit: 1049
Eloncoin.org - Mars, here we come!
If the whole market is a blood bath, waiting for dumped prices will bring more value to the portfolio because wise investors don't want to buy the price at the top levels. Almost all altcoins are near the ATH prices, so waiting for the dump and taking advantage of the dump will be more profitable rather than jumping to opportunity.
And this is the time for the wise ones to buy. I've read before that there were a lot of them that have been waiting for the price to drop.
Right now, this is that description that they've been saying that they're waiting for the correction to come so that they can start buying those altcoins that they want to buy. Bitcoin has dropped a lot too, don't forget buying it.

i dont know if its really wise to buy, its a very unsure times actually.seem very manipulated. now that they discover that btc isnt decentralized as what they claimed due to china's blackout, it could be the start of bear already.

selling 75% of my investment. the only thats left are the coins on dex. i'd seeing this should drop more when we see the weekly candles to submerge.
If you think that the drop is significant and the price that you are looking at right now is low, it's a wise thing to buy. But if you think that there's more to this dip.
And you're only waiting for that dip then you have to wait until that more dip comes. Despite the market is manipulated, you can always have your own say to the market and profit from it.
When it comes to profit making opportunity then it would really vary to person to person because not all would really be having the same input towards things which means
they can neither be seeing this dip to be already on the bottom or just simply wait up for another possible dip of price.Its really hard to tell or making it to be precise because
this market is way too unpredictable.It can neither go down even more or simply having some recovery or price pullback.So its a matter of how much risk that you can put in
because it would really be needing on making out decisions like this for you to benefit out and of course you do have the chance of losing too.

bought some back on the WAVES exchange this time. it was indeed a good time to buy but i didn't profit much from dumping. can't call it a profit actually for its just too tiny. what I'm trying to do this time is to make my investment safer with dex. hope to make it untraceable later.

this dump is caused by the panic of the investors because of the proposed tax law which they intend to collect from unrealized gain. it sounds funny but that's just what I heard on the discussion. and it might just dip a bit more soon. not an advice but this is just a hunch.




sr. member
Activity: 826
Merit: 263
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.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
If you think that the drop is significant and the price that you are looking at right now is low, it's a wise thing to buy. But if you think that there's more to this dip.
And you're only waiting for that dip then you have to wait until that more dip comes. Despite the market is manipulated, you can always have your own say to the market and profit from it.
When it comes to profit making opportunity then it would really vary to person to person because not all would really be having the same input towards things which means
they can neither be seeing this dip to be already on the bottom or just simply wait up for another possible dip of price.Its really hard to tell or making it to be precise because
this market is way too unpredictable.It can neither go down even more or simply having some recovery or price pullback.So its a matter of how much risk that you can put in
because it would really be needing on making out decisions like this for you to benefit out and of course you do have the chance of losing too.
Right, testing the waters as usual with one feet and see if you can bear the risk upon taking profit or if you're about to take the chance during the dip.
But usually, the dips are good timings to buy if you've missed a lot in the market. You only have to put where your mouth is by buying and using that moment.
legendary
Activity: 3094
Merit: 1127
If the whole market is a blood bath, waiting for dumped prices will bring more value to the portfolio because wise investors don't want to buy the price at the top levels. Almost all altcoins are near the ATH prices, so waiting for the dump and taking advantage of the dump will be more profitable rather than jumping to opportunity.
And this is the time for the wise ones to buy. I've read before that there were a lot of them that have been waiting for the price to drop.
Right now, this is that description that they've been saying that they're waiting for the correction to come so that they can start buying those altcoins that they want to buy. Bitcoin has dropped a lot too, don't forget buying it.

i dont know if its really wise to buy, its a very unsure times actually.seem very manipulated. now that they discover that btc isnt decentralized as what they claimed due to china's blackout, it could be the start of bear already.

selling 75% of my investment. the only thats left are the coins on dex. i'd seeing this should drop more when we see the weekly candles to submerge.
If you think that the drop is significant and the price that you are looking at right now is low, it's a wise thing to buy. But if you think that there's more to this dip.
And you're only waiting for that dip then you have to wait until that more dip comes. Despite the market is manipulated, you can always have your own say to the market and profit from it.
When it comes to profit making opportunity then it would really vary to person to person because not all would really be having the same input towards things which means
they can neither be seeing this dip to be already on the bottom or just simply wait up for another possible dip of price.Its really hard to tell or making it to be precise because
this market is way too unpredictable.It can neither go down even more or simply having some recovery or price pullback.So its a matter of how much risk that you can put in
because it would really be needing on making out decisions like this for you to benefit out and of course you do have the chance of losing too.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
If the whole market is a blood bath, waiting for dumped prices will bring more value to the portfolio because wise investors don't want to buy the price at the top levels. Almost all altcoins are near the ATH prices, so waiting for the dump and taking advantage of the dump will be more profitable rather than jumping to opportunity.
And this is the time for the wise ones to buy. I've read before that there were a lot of them that have been waiting for the price to drop.
Right now, this is that description that they've been saying that they're waiting for the correction to come so that they can start buying those altcoins that they want to buy. Bitcoin has dropped a lot too, don't forget buying it.

i dont know if its really wise to buy, its a very unsure times actually.seem very manipulated. now that they discover that btc isnt decentralized as what they claimed due to china's blackout, it could be the start of bear already.

selling 75% of my investment. the only thats left are the coins on dex. i'd seeing this should drop more when we see the weekly candles to submerge.
If you think that the drop is significant and the price that you are looking at right now is low, it's a wise thing to buy. But if you think that there's more to this dip.
And you're only waiting for that dip then you have to wait until that more dip comes. Despite the market is manipulated, you can always have your own say to the market and profit from it.
legendary
Activity: 2464
Merit: 1856
Leading Crypto Sports Betting & Casino Platform
I think that now that the price of Bitcoin is giving indications that an eventual season of altcoins may be generated, it is not confirmed yet but there are many things that make it suspicious, the dominance of Bitcoin has fallen somewhat, it goes by 50% -49.5%, Every time the price of Bitcoin falls a little, the altcoins are gaining a% increase, this may indicate that investors are sheltering their money in altcoins (I only speculate) by seeing this graph I can draw the conclusion:



Quote
The major factor that could have tilted the scale in favor of altcoins is the massive rise in the popularity of the decentralized finance space. New York Stock Exchange president Thomas Farley pointed out in an interview with CNBC that “DeFi exchanges are doing as much volume if not more than Coinbase today.”
Source: https://cointelegraph.com/news/data-shows-traders-rushed-to-buy-altcoins-during-bitcoin-s-dip-to-50k

sr. member
Activity: 1484
Merit: 277
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?

I'm hoping that the next will be a great recovery after huge dump happened, and what I am looking after this is the preparation for the next target of about $70k-$80k ATH. It's not that accurate but the chances is very high because the entire market depends with the progressive growth of btc and eth market. If you're smart enough you can use usdt as your buying power while the market goes down, then that opportunity is to accumulate your additional holdings.
legendary
Activity: 3066
Merit: 1049
Eloncoin.org - Mars, here we come!
If the whole market is a blood bath, waiting for dumped prices will bring more value to the portfolio because wise investors don't want to buy the price at the top levels. Almost all altcoins are near the ATH prices, so waiting for the dump and taking advantage of the dump will be more profitable rather than jumping to opportunity.
And this is the time for the wise ones to buy. I've read before that there were a lot of them that have been waiting for the price to drop.
Right now, this is that description that they've been saying that they're waiting for the correction to come so that they can start buying those altcoins that they want to buy. Bitcoin has dropped a lot too, don't forget buying it.

i dont know if its really wise to buy, its a very unsure times actually.seem very manipulated. now that they discover that btc isnt decentralized as what they claimed due to china's blackout, it could be the start of bear already.

selling 75% of my investment. the only thats left are the coins on dex. i'd seeing this should drop more when we see the weekly candles to submerge.

hero member
Activity: 3024
Merit: 745
Top Crypto Casino
If the whole market is a blood bath, waiting for dumped prices will bring more value to the portfolio because wise investors don't want to buy the price at the top levels. Almost all altcoins are near the ATH prices, so waiting for the dump and taking advantage of the dump will be more profitable rather than jumping to opportunity.
And this is the time for the wise ones to buy. I've read before that there were a lot of them that have been waiting for the price to drop.
Right now, this is that description that they've been saying that they're waiting for the correction to come so that they can start buying those altcoins that they want to buy. Bitcoin has dropped a lot too, don't forget buying it.
legendary
Activity: 1946
Merit: 1026
In Search of Incredible
The problem is that when it has gone up so many times over time nobody is talking about it, and when it starts to decrease people think this is an overly serious problem. Experience in the market allows me to hope for future success.
Well said, people become too tempted while the price goes up continuously for long time and they forget that a reverse action will happen. And that is necessary, we should address it as market correction not dump. That's the opportunity for investors to buy more. Probably market will recover soon and it will move forward again.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
If the whole market is a blood bath, waiting for dumped prices will bring more value to the portfolio because wise investors don't want to buy the price at the top levels. Almost all altcoins are near the ATH prices, so waiting for the dump and taking advantage of the dump will be more profitable rather than jumping to opportunity.
hero member
Activity: 1834
Merit: 879
Rollbit.com ⚔️Crypto Futures
Nothing new to see here  Tongue

Okay here is what I think happened, first after seeing this news article https://finance.yahoo.com/news/sunday-bitcoin-flash-crash-sees-095427341.html there is something interesting that caught my eye

Quote
According to Bybt, the last twenty four hours saw a new record in liquidations. With over one million positions being wiped off the books. Totalling a mammoth $10 billion in positions that were liquidated.
Just from this you can tell its all instititional money at play because to wipe out $10 billion dollars this is simply saying Mega Whales are flexing their musle and playing with the market and because of how markets work we can't be bearish forever.

hero member
Activity: 1582
Merit: 514
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?
We dont need to expect that if we seen a bloody market again, Actually not only ones or twice the market become bloody. And it is normal from a market to doing that so we dont need to be afraid of because it will back again into a high price.

Maybe some investor or trader in here if they seen like that I think the coins they have it sell early for the bloody market and they think that would not comeback again.
sr. member
Activity: 1694
Merit: 268
Binance #SWGT dan CERTIK Audited
The problem is that when it has gone up so many times over time nobody is talking about it, and when it starts to decrease people think this is an overly serious problem. Experience in the market allows me to hope for future success.
The ups and downs of cryptocurrency prices are commonplace in the market, even though in my opinion the ups and downs of bitcoin or other crypto prices can provide benefits for us traders, because when prices fall we can trade briefly (ping pong) to get profit, even though the benefits are more small from a bullish price condition, but for sure when the price goes down now it provides a better opportunity for us to buy a number of altcoins at a cheap price, bullish or bearish will be able to provide an advantage if we can enter at the right time. So,
DONT PANIC ...!
full member
Activity: 461
Merit: 100
there may be a correction in the prices of coins that have been pumping. however, at the moment the potential coins mentioned still have a high chance of going up. besides, the drop in ETH and BNB prices is most likely due to bitcoin. I'm pretty sure the bitcoin price will go back up to the $ 60k price range
Are we still on the bullish market? Btc is struggling to go back on its peak price which is $60k - $64k and that is one indication that altcoins will gonna struggle too. Experts said that this is not dip anymore, market are slowly moving to bearish market because of the massive dumps.
full member
Activity: 882
Merit: 100
The problem is that when it has gone up so many times over time nobody is talking about it, and when it starts to decrease people think this is an overly serious problem. Experience in the market allows me to hope for future success.
legendary
Activity: 3640
Merit: 1407
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?

This is just crypto crazy ups and crazy downs.  I'm starting to think that there are no bull runs and bear runs.  This is and has been cryptos MO since it started.  Sometimes it spikes highers sometimes it spikes lower.  Keep stacking says and stop looking at charts.  Its healthy Smiley
jr. member
Activity: 406
Merit: 1
I also wondered why when I wanted to sell my coins, I saw that the market continued to decline. and vice versa if I start buying, the price of all the coins increases very quickly. very strange
full member
Activity: 821
Merit: 100
Volare.network
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?

I'm not sure it's a big dump. i see it as a price correction, look at today btc, eth, bnb, and other major coins, have started to stop falling. so it's not a start to crash. the market is very good these days and there are many institutional investors who are making the market stronger.
hero member
Activity: 1652
Merit: 702
there may be a correction in the prices of coins that have been pumping. however, at the moment the potential coins mentioned still have a high chance of going up. besides, the drop in ETH and BNB prices is most likely due to bitcoin. I'm pretty sure the bitcoin price will go back up to the $ 60k price range
sr. member
Activity: 2534
Merit: 332
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?
Typical kind of corrections or price decrease that could happen in a day in crypto market.

These arent that huge swings in price but when people do see these negatives then they do easily freak out.A Market wont continuously to rise up which means dump or price decrease

like these are common and it does sign that this is indeed a healthy market rather than on a manipulative one.Its hard to determine if this would dump or would just be
hovering around with these levels.
hero member
Activity: 1974
Merit: 502
Vave.com - Crypto Casino
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?

Don't be fomo with this current market situation, we need to be strong enough because if you happen to fall with the bad news nothing will happen but you'll be frustrated. Though the news is raging against the price to struggle that much, I don't think investors would easily be shaken. Because what I see now is the resistance kepts strengthening it's momentum while trying to recover up after bloody market.
legendary
Activity: 2982
Merit: 1028
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?
Even though the market is bleeding and experiencing a downturn I see this as a discount opportunity for buying in bulk. especially the highest priced coins that have great potential could be an obvious choice, so this is a good thing

Seems like those who are wise enough to buy those cheap coins will benefits in the long run.

For now this dumped still showing and still hurting those who are still on hold, if you don't need your money better not to fall into this

downfall, you'll waste your money if you follow this trend just chill and wait for the bounce, if you have good amount of money you can buy more and enjoy after.
full member
Activity: 533
Merit: 100
Today is April 20, obviously is another dump day, BTC dump 5.69%   ,ETH-8.30%   ,BNB-9.51%   ,and the others most of them are dump surpass 10%. For the guy like me just buying EOS a few days ago,  i can't bear to look in my wallet.
full member
Activity: 882
Merit: 100
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?
But do not be too afraid, people need to see the most general about this market when we have seen it grow for a long time and have not seen a deep decrease. And this has been planned beforehand, so there is no fear that the market will soon recover.
hero member
Activity: 1260
Merit: 557
Leading Crypto Sports Betting & Casino Platform
Just a correction. I have bought a bunch of altcoins for the next bull run. Wish me luck.

Bitcoin has recovered to $56000 from the catastrophe (which people say). Well, to me, everything is very bright and the future of cryptocurrency is appropriate. It is a good time to accumulate cheap coin
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
We are again seeing a bloody market, what is happening, do you know what's the reason behind this huge dump?
I saw on reddit that a hacker has sold a lot of bitcoins from the incident in the past but can't find the link of it. But there's another one that has posted about why there's a dip. Here's the link: https://www.reddit.com/r/Bitcoin/comments/mtcuwt/if_you_wondered_why_the_dip_heres_why/
With more FUD, it's easy to stop this bull run, probably they (whales) are doing that because they are already satisfied with what they have made so far.
price dip means they'll start from the start to accumulate and wait for another situation like this.
From what the news were telling, it's about the power outage that happened in China, particularly in its province which resulted to drop the hashrate for miners.

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

Recovery or more dump.. we never know, as of now, prices are still down, we can't say it has recovered yet, but let's wait and see.
It has somehow recovered.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
@cabron, that is a huge news, some investors maybe are putting their money on that as gold is more stable than BTC.
Nothing wrong with crypto market, it's just that some investors are not loyal, they come and go while continuesly looking for better opportunity.

As to bull run, we never know when it will stop but I guess we had enough already so it's possible that we are heading to a bear market.
This seems like the most likely option, while there are many people that believe in the technology there are many others that are here just for the money and as soon as the market is not performing great they leave and move on to the next big thing, it is not a bad idea if you are looking to make profits but it is not possible for a lot of people here so it is possible this is just the natural volatility of the market or maybe some whales decided to sell their coins because they wanted to cash out.
legendary
Activity: 3038
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
likely these weak hands sell their crypto immediately.

funny that people keep talking about weak hands, but I think they are people who are making a profit, while someone buys and keeps holding forever there are people who buy low and sell high and go back to buying low and maximize their profits without get stuck to the ideology of making eternal hold



this price drop was already expected, after the pump comes dump
sr. member
Activity: 2338
Merit: 365
★Bitvest.io★ Play Plinko or Invest!
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?
I saw everything was back in green...
things like this have often happened and we will definitely continue to see it on crypto market, saturated markets are not eternal. what you should not miss is buying the 'dip'.
legendary
Activity: 2730
Merit: 1288
Late last week we saw the highest drastic drop in the daily bitcoin price, the price drops to $50k after reaching an all-time high of above $64k, before gradually picking up again, this drastic drop in bitcoin price is the highest since 2017.

$14k drop from $64 is 21% drop.  I am 100% sure there had been bigger drops in last 4 years. Several. I believe the biggest drop was when China country president corrected that he was talking about blobkhain and not Bitcoin when he said they will prosecute all that will call it a scam. This was about 2 years ago.  It happened in November 2019.

Oh, the biggest price drop was covid crash. It happened 11th March 2020. Bitcoin price went from $7951 to $4914. That is almost 50% crash. Price of Bitcoin almost halved in a single day.
That is same as if would go from $64 to $35-40k.
member
Activity: 518
Merit: 45
Late last week we saw the highest drastic drop in the daily bitcoin price, the price drops to $50k after reaching an all-time high of above $64k, before gradually picking up again, this drastic drop in bitcoin price is the highest since 2017.

There were reports that a power outage in China city Xinjiang which house many miners caused the market to crash. According to the Cambridge bitcoin energy consumption index, Xinjiang amount to one-quarter of the global energy consumption.
hero member
Activity: 2562
Merit: 577
This type of post should not be, since we already know how the market operates, dip is an essential part of the market to ensure a healthy growth, no need to always freak out whenever the market is in dip, it always recover, even now it is on its way to recovery, patience is always the key.
full member
Activity: 733
Merit: 100
this cycle will usually be accompanied by a hard upturn for some time to come, this is a downward trend for the coin price. So I think that right now all the conditions for crypto coins have decreased significantly. a lot of speculation is out there about the news attributed to the crypto drop in recent days but all of them cannot be concluded if that was the cause. the most important thing now is to take advantage of this dump to store more assets
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
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?
It is just another correction, and you should not worry because this is only temporary. The market will be back to the current situations, and all coins will increase back. It is good to buy more for the potential coins such as bitcoin, ethereum, bnb, and else so when the next uptrend is coming, and you can take profit by selling the coin at the next high price.

We can say that is because of the bad news that happens out there and some people panic. This correction can be the way for the major coins to lift the price to a higher price, but we should wait and see.
hero member
Activity: 2912
Merit: 674
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?
This is base on their 24hrs performance in market , but despite i still see green percentage wherein when it comes long run especially those coins you have mentioned above, .

Actually it's already green now, the market have rebounded a bit but as long as bitcoin will not reach $60k yet, then I guess I will continue to think that soon there will be a bearish market.
Quote
For me perhaps this is just a correction on its prices.. I see no other reason except to some hodler that making exit because of the situation of the market..

A little correction maybe, beacuse if we are looking for real correction, it will turn this market in toa bearish one.
sr. member
Activity: 1988
Merit: 283
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?
This is base on their 24hrs performance in market , but despite i still see green percentage wherein when it comes long run especially those coins you have mentioned above, . For me perhaps this is just a correction on its prices.. I see no other reason except to some hodler that making exit because of the situation of the market..
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
Every month big chuck of the market BTC circulation is taken out to a cold wallets from companies like MicroStrategies and Grayscale. The same with the Tesla, where Elon announced that if you buy a Tesla with bitcoins those bitcoins won't be spend or converted to fiat, so another way of taking out more coins from circulation. Unfortunately bitcoin failed in being a day life currency but it turned to be a "digital gold". This does not change the fact that Bitcoin is way more alive than ever before and it will live for quite long too.

Day traders may loose some money but the coin will continue with great success.

I believe on some, but not everyone will keep their words, are they really that transparent where they will show their wallet address for us to verify that they are holding, what if they are just hyping and eventually when they see the price pump, they'll just sell and take profit, and do the same method over and over.
legendary
Activity: 2212
Merit: 3148
₿uy / $ell ..oeleo ;(
Every month big chuck of the market BTC circulation is taken out to a cold wallets from companies like MicroStrategies and Grayscale. The same with the Tesla, where Elon announced that if you buy a Tesla with bitcoins those bitcoins won't be spend or converted to fiat, so another way of taking out more coins from circulation. Unfortunately bitcoin failed in being a day life currency but it turned to be a "digital gold". This does not change the fact that Bitcoin is way more alive than ever before and it will live for quite long too.

Day traders may loose some money but the coin will continue with great success.
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
I am not too worried about the bleeding that occurs in the crypto market, because conditions like this have often happened, and the rotation is like that, Price fluctuation has become an inseparable part of cryptocurrency.
After experiencing an incredible improvement a few weeks ago, crypto market is bleeding again, even high-end coin also experienced a very large correction.

Looking at the correction that is taking place in several altcoin, what will you do, sit around looking at the market chart without doing anything or preparing a few dollars to get real results when the price is getting better.

That is very right! And look at the price of bitcoin, it is still over 55k. I don't know why people feel it is like the end of bitcoin, while we are still in the 50s range. This is just part of the needed correction so we can have a healthy market. FUD is always here and it depends on you how you will react on this. Panic or accumulate more?
hero member
Activity: 2114
Merit: 740
Leading Crypto Sports Betting & Casino Platform
I am not too worried about the bleeding that occurs in the crypto market, because conditions like this have often happened, and the rotation is like that, Price fluctuation has become an inseparable part of cryptocurrency.
After experiencing an incredible improvement a few weeks ago, crypto market is bleeding again, even high-end coin also experienced a very large correction.

Looking at the correction that is taking place in several altcoin, what will you do, sit around looking at the market chart without doing anything or preparing a few dollars to get real results when the price is getting better.
hero member
Activity: 2772
Merit: 524
Leading Crypto Sports Betting & Casino Platform
It's just a short correction, don't worry and don't be panic guys.
I'm sure that all of altcoins will bounce back from this red zone, it's just a short and normal correction.
to be honest the more scary is if the price keeps skyrocketing but never decreasing,
so let's just hold and keep your altcoins for now.
Who do you know if that's just a small correction? The correction is caused by the drop in bitcoin hash rate. The difficulty became much easier to mine bitcoin. That was creating panic all in the market.
The US news about money laundering was also creating panic well in the market.

That news was giving huge pressure at the same time and that makes so many bitcoin be liquidated in the market.
10 billion got liquidated on this dump event. It's not about the small correction but you must know what news was creating bad pressure for crypto and bitcoin.
member
Activity: 658
Merit: 10
It's just a short correction, don't worry and don't be panic guys.
I'm sure that all of altcoins will bounce back from this red zone, it's just a short and normal correction.
to be honest the more scary is if the price keeps skyrocketing but never decreasing,
so let's just hold and keep your altcoins for now.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
Cointelegraph article said the cause of this crash is the Chinese power blackout which a brief hash rate crash. There is the article https://cointelegraph.com/news/bitcoin-price-drops-to-52k-liquidating-almost-10b It's not a rumor, Cointelegraph writers published it and they knew more about where the miners are located and its on Xinjiang province while authorities can't find them. FUD or not it happened and nothing else can be done there.  
hero member
Activity: 2898
Merit: 520
Leading Crypto Sports Betting & Casino Platform
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?


This news explains what factors that makes bitcoin gets dumped so hard

https://cointelegraph.com/news/bitcoin-dips-under-60-000-what-s-pulling-down-btc-price

There are some bad news that came for bitcoin from CHINA and US. We know that both countries were bitcoin houses and the bad news that came from US and CHINA will be giving a very big impact to the bitcoin like this time.
I looked around for the conflict today.  It seems that some financial institutions in the US have been leasing user identities from coinbase.  Somehow, they have a special bond and go into manipulation.  This monetizing sinister is widening the conflict gap between the crypto community.  Hopefully, all doesn't lose or diminish the gains of this bad thing.
Agreed but it looks like the market is starting to recover again from the bottom price. I hope that bitcoin will recover as soon as possible. There was a big dump and that make so many positions become liquidated.
The market needs to find another supply as well as 60k supprt already disappeared.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
FUDs, market manipulation, hacking incidents, all of these things create a huge impact in the market and likely these weak hands sell their crypto immediately.

But the market won't let this thing get worse, in fact, Bitcoin started to recovery now.


And I hope altcoins will follow back and keep the rallying momentum playing.
hero member
Activity: 2716
Merit: 904
We are again seeing a bloody market, what is happening, do you know what's the reason behind this huge dump?
I saw on reddit that a hacker has sold a lot of bitcoins from the incident in the past but can't find the link of it. But there's another one that has posted about why there's a dip. Here's the link: https://www.reddit.com/r/Bitcoin/comments/mtcuwt/if_you_wondered_why_the_dip_heres_why/
With more FUD, it's easy to stop this bull run, probably they (whales) are doing that because they are already satisfied with what they have made so far.
price dip means they'll start from the start to accumulate and wait for another situation like this.


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

Recovery or more dump.. we never know, as of now, prices are still down, we can't say it has recovered yet, but let's wait and see.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
We are again seeing a bloody market, what is happening, do you know what's the reason behind this huge dump?
I saw on reddit that a hacker has sold a lot of bitcoins from the incident in the past but can't find the link of it. But there's another one that has posted about why there's a dip. Here's the link: https://www.reddit.com/r/Bitcoin/comments/mtcuwt/if_you_wondered_why_the_dip_heres_why/
Major coins are in red, the rest will follow, what could be next?
Recovery.
hero member
Activity: 2002
Merit: 535
@cabron, that is a huge news, some investors maybe are putting their money on that as gold is more stable than BTC.
Nothing wrong with crypto market, it's just that some investors are not loyal, they come and go while continuesly looking for better opportunity.

As to bull run, we never know when it will stop but I guess we had enough already so it's possible that we are heading to a bear market.
You cannot play the loyalty card in an investment market, you can only trade according to the market trends and if you are too adamant about your decisions then it will only hurt your bank balance and the market will move on as usual  Tongue. I am not entirely sure why the entire market went down but we were in a bull run for months and it is time we see a minor correction.
sr. member
Activity: 2240
Merit: 270
SOL.BIOKRIPT.COM
A lot of news on the dump but I think the coinbase IPO hype is over let's have another run maybe by another news or developments. I saw the speculation of the collapse of the hash rate, it was considered a normal response and repetition of 2017 hashrate but things are happening faster than in previous.
sr. member
Activity: 2268
Merit: 275
the news is still confusing, so hopefully this concern will be resolved soon. mentally we will not fall easily, the decline always occurs in the market, even though there are many issues that are currently circulating regarding the destruction of bitcoin, so we just need to prepare everything possible from a bubble burst that starts blindly on our unsaved assets. keep in control of emotions, and believe me this phenomenon often occurs, we are only faced with a situation when the price of bitcoin has exceeded its ATH. remember there will always be a green market in sight.
member
Activity: 1162
Merit: 78
We are again seeing a bloody market, what is happening, do you know what's the reason behind this huge dump?
No can know or tell what actually cause the bloody status of the market but it something we should expect though cause some traders will be satisfied with the profit they make when the BTC market reaches $64K.
Having said that, the arbitrage traders play a huge role in the market price when it bullish market.

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


Major coins are in red, the rest will follow, what could be next?
If alot of investors don't panic sell, the market will regain its bullish but if alot of investors panic sell you may see the total market correction fast than we expected.
hero member
Activity: 2744
Merit: 761
Burpaaa
Bitcoin growth since last month is more than the current percentage loss. Bitcoin already reach the New all time high so its normal to see a minor correction since traders will take profit. The current sell off is just a chain reaction of panic selling but soon it will be recover once the price reach a support maybe on this week when the weekly chart open new candle.
jr. member
Activity: 406
Merit: 1
Why are you so concerned about this situation, my friend. isn't this all trading. indeed in trade the rise and fall of prices is common. we are the only ones who can determine when we should take advantage of this market situation
hero member
Activity: 2240
Merit: 579
Leading Crypto Sports Betting & Casino Platform

The rumor was that it was confirmed that China's CBDC is backed by gold. There is no connecting the dots regarding this but the users are just expecting gold to be a better option now than BTC. Or maybe this could be the end of the bull market. I just read this on youtube video, nothing really so much to panic so don't quote me on this. I wanna know what others are going to say as well.
China is not the first country to claim a certain currency is backed by gold but I have never for once saw a statement made by the government of China that their CBDC is backed by gold and it possible that the rumor is to hype the coin.

Technically gold is less volatile than crypto and I won't be surprised if some investors choose to change their investment profit through gold investment which have been experiencing dump in price for about 6months ago but it too early to be sure if all this are truth because gold only experience +13.16 price growth in the last 24hours.

full member
Activity: 1428
Merit: 120
Sugars.zone | DatingFi - Earn for Posting
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?


This news explains what factors that makes bitcoin gets dumped so hard

https://cointelegraph.com/news/bitcoin-dips-under-60-000-what-s-pulling-down-btc-price

There are some bad news that came for bitcoin from CHINA and US. We know that both countries were bitcoin houses and the bad news that came from US and CHINA will be giving a very big impact to the bitcoin like this time.
I looked around for the conflict today.  It seems that some financial institutions in the US have been leasing user identities from coinbase.  Somehow, they have a special bond and go into manipulation.  This monetizing sinister is widening the conflict gap between the crypto community.  Hopefully, all doesn't lose or diminish the gains of this bad thing.
legendary
Activity: 2982
Merit: 1485
It wasn't worse than February crash, which was more than 40 percent losses we saw in altcoins. I think market needed this correction because too many coins were overvalued. Now new people may fear more but I don't see it as a sign to bear market yet. We can expect a little more correction and we go on again just like February and March. This bull run will be over sometime this year but I think it's not over yet.
hero member
Activity: 2898
Merit: 520
Leading Crypto Sports Betting & Casino Platform
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?


This news explains what factors that makes bitcoin gets dumped so hard

https://cointelegraph.com/news/bitcoin-dips-under-60-000-what-s-pulling-down-btc-price

There are some bad news that came for bitcoin from CHINA and US. We know that both countries were bitcoin houses and the bad news that came from US and CHINA will be giving a very big impact to the bitcoin like this time.
member
Activity: 812
Merit: 13
Crypto bookmaker and casino
Normally the financial markets always move in a higher high(HH) and Higher low(HL) pattern. You just don't expect the market to be going high without a space of breath. The market need to maintain liquidity that's why it would go up and go down then go up to maintain equillibrium in liquidity. So this is just the normal pattern of the financial markets apart from news which could also affects it directional movement.
legendary
Activity: 3080
Merit: 1292
Hhampuz for Campaign management
@cabron, that is a huge news, some investors maybe are putting their money on that as gold is more stable than BTC.
Nothing wrong with crypto market, it's just that some investors are not loyal, they come and go while continuesly looking for better opportunity.

As to bull run, we never know when it will stop but I guess we had enough already so it's possible that we are heading to a bear market.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag

The rumor was that it was confirmed that China's CBDC is backed by gold. There is no connecting the dots regarding this but the users are just expecting gold to be a better option now than BTC. Or maybe this could be the end of the bull market. I just read this on youtube video, nothing really so much to panic so don't quote me on this. I wanna know what others are going to say as well.
hero member
Activity: 2912
Merit: 674
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?
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