Another red day | Bitcointalksearch.org

dbshck

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Another red day for majors and alts. It's really tough to hold crypto these days Sad

I'm afraid this major support on BTC and ETH won't hold much longer after consistently being tested since mid-August.

Quote from: poodle63 on September 11, 2023, 11:28:05 AM

otherwise its just gonna be like this, i'd honestly expect things like this
to happen until next year.
after all it seems many institutional investors are hesitant, but i'm sure in next year things will change, currently market sentiment isn't strong enough to break higher, many are still reconsidering to invest.

Yeah until there's fresh money coming in I don't think we'll get any meaningful, sustained price increase.

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Quote from: Webetcoins on September 08, 2023, 09:10:35 AM

I do not think that we could consider this exactly as a "red day" but more like just taking profit, these happens. It was a dead cat bounce and right now we are seeing it change a bit, and going down. It didn't go even further down, it was around here anyway, then went up then went back to here again, not lower. That means it is not a red day to be certain, I mean sure it went down so if you want to call it a red day then you can, but it will not be true at all.

I think it is much better to have something different on the long run and that way you would be able to actually end up getting bigger deals. I think it should be important to make bigger changes to call it something, either much lower, or much higher, these levels are normal.

its all just bitcoin making sideways ever since, nothing new, sometimes the correction might be bigger than usually but at the end of the day its just making sideways,
when the price changed drastically that its breaking resistance, then i'd guess thats the time of the market trend changing, otherwise its just gonna be like this, i'd honestly expect things like this
to happen until next year.
after all it seems many institutional investors are hesitant, but i'm sure in next year things will change, currently market sentiment isn't strong enough to break higher, many are still reconsidering to invest.

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I don't think that this development is still new to many of us in the market as most of us have experienced similar market movement in the past because the altcoins market is still tied to the Bitcoin market movement, so any drop in the price of Bitcoin will have significant impact also on altcoins and this has been the known occurrence since time immemorial.
Altcoin drop is drastic in the same proportion that its value increases during a bull market, Altcoin is higher in risk and higher in return which is why it is called a gamble.

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Quote from: Fatunad on September 08, 2023, 04:59:20 PM

Quote from: Xxmodded on September 08, 2023, 12:06:09 PM

Current market condition is not another red day but we are in the moment altcoin and bitcoin in stable lower price after big red day last month, every 24 hours I checked Bitcoin and altcoin not progress up or down more than 2% to 10% with consistency stable in lower price. Are there investor not excited for investing in cryptocurrency and we don't get red or green day in market? Almost one month after bitcoin crashing drop from $30k to $25k never see any potential with bitcoin up or down drastically.

Face day by day with market stable in lower price, can't up and down make us difficult for getting profit except have to try with future trading due spot trading not ability earn much profit.

The only things that matters here is on that people are really that too impulsive or highly reactive when it comes to price movement even they've been here on this market for a while now which it seems that they are really that still get shocked on the time that the market would really be moving -5 -10% a day which is something that you should really be that getting used to.Market cant really be just having a single path to take on which it would really be normal that there would be red days and there would be green days. This is why it would really be that relevant that you should really know on when to get in and when to get out if you are really that planning on having that kind of investment and securing profits but somewhat its never been easy but doesnt mean that its impossible This is why you should really be that making yourself that pretty wary on
how things should really be done and adapt things accordingly. Dont make yourself that too impulsive on things because if you wont really be that serious or minding about risk management and other factors
then you wont really be progress on this type of career.

Yes, right. because without good management in managing the assets we have, it will be difficult to succeed in this trade. Therefore, following prices and buying with full calculation is one way that can be taken

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Quote from: Xxmodded on September 08, 2023, 12:06:09 PM

Current market condition is not another red day but we are in the moment altcoin and bitcoin in stable lower price after big red day last month, every 24 hours I checked Bitcoin and altcoin not progress up or down more than 2% to 10% with consistency stable in lower price. Are there investor not excited for investing in cryptocurrency and we don't get red or green day in market? Almost one month after bitcoin crashing drop from $30k to $25k never see any potential with bitcoin up or down drastically.

Face day by day with market stable in lower price, can't up and down make us difficult for getting profit except have to try with future trading due spot trading not ability earn much profit.

The only things that matters here is on that people are really that too impulsive or highly reactive when it comes to price movement even they've been here on this market for a while now which it seems that they are really that still get shocked on the time that the market would really be moving -5 -10% a day which is something that you should really be that getting used to.Market cant really be just having a single path to take on which it would really be normal that there would be red days and there would be green days. This is why it would really be that relevant that you should really know on when to get in and when to get out if you are really that planning on having that kind of investment and securing profits but somewhat its never been easy but doesnt mean that its impossible This is why you should really be that making yourself that pretty wary on
how things should really be done and adapt things accordingly. Dont make yourself that too impulsive on things because if you wont really be that serious or minding about risk management and other factors
then you wont really be progress on this type of career.

Xxmodded

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Current market condition is not another red day but we are in the moment altcoin and bitcoin in stable lower price after big red day last month, every 24 hours I checked Bitcoin and altcoin not progress up or down more than 2% to 10% with consistency stable in lower price. Are there investor not excited for investing in cryptocurrency and we don't get red or green day in market? Almost one month after bitcoin crashing drop from $30k to $25k never see any potential with bitcoin up or down drastically.

Face day by day with market stable in lower price, can't up and down make us difficult for getting profit except have to try with future trading due spot trading not ability earn much profit.

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I do not think that we could consider this exactly as a "red day" but more like just taking profit, these happens. It was a dead cat bounce and right now we are seeing it change a bit, and going down. It didn't go even further down, it was around here anyway, then went up then went back to here again, not lower. That means it is not a red day to be certain, I mean sure it went down so if you want to call it a red day then you can, but it will not be true at all.

I think it is much better to have something different on the long run and that way you would be able to actually end up getting bigger deals. I think it should be important to make bigger changes to call it something, either much lower, or much higher, these levels are normal.

wxa7115

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Quote from: el kaka22 on September 01, 2023, 01:39:02 PM

It looks like it is getting as stable as it gets, this means that we are not seeing any more falls for the time being. This of course doesn't mean that we are never going to see any more falls, of course we could see more falls but that is only going to end up with something that would be different, like we should be ending up with a different approach.

I hope that we go towards higher levels though, that is quite possible because we have already gone down as much as we can and we should be considering going higher at this moment. That is a tough thing to handle because it means a lot of people should spend a lot of money to buy it to make it go up, so it may take a while to get there but I hope next direction is towards upwards.

It seems there is a concerted effort by the whales to try to reduce the price as much as they can, and I do not blame them, since they have the power to move the markets they are willing to use it for their benefit.

While people like us cannot do anything but to react to their maneuvers, however not everything is bad, if the price kept going down that would be an amazing opportunity, as the better price we get for our bitcoin now, the better will be our profits once the bull market comes in full force.

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It looks like it is getting as stable as it gets, this means that we are not seeing any more falls for the time being. This of course doesn't mean that we are never going to see any more falls, of course we could see more falls but that is only going to end up with something that would be different, like we should be ending up with a different approach.

I hope that we go towards higher levels though, that is quite possible because we have already gone down as much as we can and we should be considering going higher at this moment. That is a tough thing to handle because it means a lot of people should spend a lot of money to buy it to make it go up, so it may take a while to get there but I hope next direction is towards upwards.

WatChe

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Quote from: Sebas.tian on September 01, 2023, 03:19:42 AM

I saw the new drop of the price of altcoins, but am not panicking about the red light, which I believe the green light will definitely show up before the end of this new week for holders to experience bullish season. I think, it is only newbies that will be worry about the red light because whenever there is a red light in the market, there must be bearish season that will make holders not to release their coins than to wait for the green light to appear before they can sell to make a passive income. I believe, ADA, LTC, Solana, and XRP will increase again, and it will be favourable if holders can use this opportunity to add all those coins to their coins because there is a bright future ahead of them.

There is drama going on in Bitcoin price for over a week. First we saw bitcoin dropping from 30k to 26k and they making a recovery to 28k before falling to current price of 26k. What lies ahead is not clear, bitcoin may jump to 30k from here or fall further down. As I bitcoin Holder we must not panic and if someone has spare cash he must accurate bitocins that are very much available at discounted rates right now.

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I saw the new drop of the price of altcoins, but am not panicking about the red light, which I believe the green light will definitely show up before the end of this new week for holders to experience bullish season. I think, it is only newbies that will be worry about the red light because whenever there is a red light in the market, there must be bearish season that will make holders not to release their coins than to wait for the green light to appear before they can sell to make a passive income. I believe, ADA, LTC, Solana, and XRP will increase again, and it will be favourable if holders can use this opportunity to add all those coins to their coins because there is a bright future ahead of them.

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Quote from: JeffBrad12 on August 29, 2023, 07:04:08 PM

Quote from: fzkto on August 26, 2023, 03:28:02 AM

I don't know what trend you're talking about. I see bitcoin has been rising all this year and now the price is almost double what it was in January. There may have been a slight downturn in the last few months, but it's probably more of a sideways movement.

well honestly thats true, people are too fixated on bitcoin reaching the new all time high again they forget that bitcoin quite literally rising from its lowest point and doubled the value already.
I think people are just being too much in this case.
recovery and doubling the all time low is already good enough after such massive correction that was prominently being caused by the collapse of many companies.
at least we still have hopes that in the future we'll still have the chance of seeing bullrun.
otherwise its gonna be grim future for bitcoin.

That is just the greedy nature of people, also it is very unlikely they bought bitcoin at the bottom as they were afraid that the price will keep falling, so now that they see the price is much higher they want the same kind of recovery to happen, but obviously it wont as that will put the price too close to the ATH already.

And now those same people probably got scared after the most recent drop and they have sold their coins already, demonstrating once again they simply do not have what is needed to become profitable on this market.

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Quote from: JeffBrad12 on August 29, 2023, 07:04:08 PM

Quote from: fzkto on August 26, 2023, 03:28:02 AM

I don't know what trend you're talking about. I see bitcoin has been rising all this year and now the price is almost double what it was in January. There may have been a slight downturn in the last few months, but it's probably more of a sideways movement.

well honestly thats true, people are too fixated on bitcoin reaching the new all time high again they forget that bitcoin quite literally rising from its lowest point and doubled the value already.
I think people are just being too much in this case.
recovery and doubling the all time low is already good enough after such massive correction that was prominently being caused by the collapse of many companies.
at least we still have hopes that in the future we'll still have the chance of seeing bullrun.
otherwise its gonna be grim future for bitcoin.

Better to see that gradual increase rather than on seeing that long green candle burst in a short timeframe on which this is an indicative sign that this market isnt something that could be easily be manipulated.
We've come to realize that this wont be called a market if we dont have that red days or something that we called bearish market sentiment on which you should really be needing to be wise to be able to ride with the waves.
Instead of freaking out then it would really be just that wise that you should really be that able to see those opportunities on which you could really take advantage for you to be able to make profits on the time that the market would really be making out some recovery. This should really be your primary target or goal and not really just that focusing on your emotions on which on the time you do see it plummets then you do easily freak out.

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Quote from: fzkto on August 26, 2023, 03:28:02 AM

I don't know what trend you're talking about. I see bitcoin has been rising all this year and now the price is almost double what it was in January. There may have been a slight downturn in the last few months, but it's probably more of a sideways movement.

well honestly thats true, people are too fixated on bitcoin reaching the new all time high again they forget that bitcoin quite literally rising from its lowest point and doubled the value already.
I think people are just being too much in this case.
recovery and doubling the all time low is already good enough after such massive correction that was prominently being caused by the collapse of many companies.
at least we still have hopes that in the future we'll still have the chance of seeing bullrun.
otherwise its gonna be grim future for bitcoin.

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Quote from: WatChe on August 28, 2023, 01:51:58 PM

Quote from: Xampeuu on August 24, 2023, 01:41:15 AM

80% in bitcoin is better for keeping our capital safe, and the rest in some of the top altcoins will add to our profit when the bull season comes. However, don't let it be reversed to put most of your capital in new altcoins, in which case we will bear a greater risk, and if bad things happen, our financial situation will be disrupted, because that is like a bet that is like a double-edged sword. therefore we must be wise in money management and of course not greedy, especially if the capital is large, it will also provide a satisfactory return

Only invest what you can afford to lose in crypto and best strategy is to invest your sulphurous cash into Bitcoin. The reason I invest major portion in Bitcoin is because it moves the market. You will never see Eth or other Alts going up on there own rather they will move up only when Bitcoin goes up. So why investing in Alts, if they cant move up on there own. Just pull out whenever you are getting adequate profit, that's golden principle of every trading market.

This is definitely the right approach, if you could invest what you think would be the best then you are going to end up with no trouble. If you invest with debt like loan or something then you are going to end up with a terrible result.

This is why most people should consider that to be important, always invest with money you are going to be able to just wait it out when it is a red day, if you have money that you can't wait it out then it is going to be a trouble for you on the long run. Obviously some people do silly things, like they end up getting a loan, and then invest that into bitcoin or even lower cap alts, and that ends up being a trouble when they lose it because they can't pay the loan back as well and cause trouble.

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Quote from: Xampeuu on August 24, 2023, 01:41:15 AM

80% in bitcoin is better for keeping our capital safe, and the rest in some of the top altcoins will add to our profit when the bull season comes. However, don't let it be reversed to put most of your capital in new altcoins, in which case we will bear a greater risk, and if bad things happen, our financial situation will be disrupted, because that is like a bet that is like a double-edged sword. therefore we must be wise in money management and of course not greedy, especially if the capital is large, it will also provide a satisfactory return

Only invest what you can afford to lose in crypto and best strategy is to invest your sulphurous cash into Bitcoin. The reason I invest major portion in Bitcoin is because it moves the market. You will never see Eth or other Alts going up on there own rather they will move up only when Bitcoin goes up. So why investing in Alts, if they cant move up on there own. Just pull out whenever you are getting adequate profit, that's golden principle of every trading market.

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Quote from: wxa7115 on August 25, 2023, 10:15:08 PM

Quote from: sana54210 on August 25, 2023, 02:50:26 PM

Quote from: irsykes on August 23, 2023, 06:43:14 AM

there's no mistaking it and let's not waste any time now, we are still given a big discount on the altcoin market. the time of high altcoins price altcoins has not happened yet and a bull run season may be far from the agenda. but from now on its good to hold altcoins long term. maybe tomorrow november will make the altcoins market green

This is the saddest part, a lot of people will waste that time. There is a reason we are down, there were a lot of people who sold their coins, which means that when the price is low, they are selling their coins and making a loss. I would highly suggest everyone to buy it instead of selling it.

We are doing fine right now, the price is fine, this is not a huge crash, it is doing not that far aoff from what it was a week or two ago, we can go back up in a few days if there was a bull rush, which it does happen time to time and we do not know if it will happen again as well. I think it is quite important to make as much profit as we could possibly do, and that is why I am sure that it will not be a problem for any of us.

And that is the thing, there is not really any fundamental reason for the drop, so most likely the price will recover soon, so anyone investing now can easily get some small profits without even trying.

But even more importantly, when you buy for a good price and then there is a small recovery soon afterwards, it becomes way easier to hold your coins, as it is easier to hold your coins when you have booked a small profit than when you are suffering a big loss.

Also I find it very unlikely bitcoin will keep going down and touch 20k, meaning that this is probably as low as the price can go, and what can be better than to buy at the bottom of a dip?

right, the basic calculation is the main thing to start from where we buy altcoins from the specified price to the target to sell. lots of news about investors selling coins held and bitcoin volume there hasn't been a big increase, if bitcoin still has another big correction reaching a price of 20k maybe november will be the month people hope to repeat like the previous year's history or vice versa

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Quote from: fzkto on August 26, 2023, 03:28:02 AM

Quote from: someone703 on August 25, 2023, 10:18:42 AM

Quote from: fzkto on August 25, 2023, 10:10:40 AM

It seems to me that those who sell coins are not very many now. Now is a good opportunity for those who know how to make money on margin positions. For such people it does not matter whether it is bear or bull season. The main thing is to be able to see the trend and make money on it. But of course after the next fall there will be a new growth.

But what I see is that we are still in a downtrend and there is not a big impetus to get out of this zone, there is an expectation in the near future 2024 2025, but that is a story for later. And the volatility of the crypto market we can all feel, personally I don't think it's a good time to apply margin, large volatility and not much money flowing into the market will only make for us to be stuck rather than get good results, it is still better to accumulate DCA spot.

I don't know what trend you're talking about. I see bitcoin has been rising all this year and now the price is almost double what it was in January. There may have been a slight downturn in the last few months, but it's probably more of a sideways movement.

You're using the start of 2023, and I'm talking about the time from the nearest ATH to the present. Personally, I also see that the market price has increased over time from the beginning of the year to now, but it is clear that prices have fluctuated a lot lately, I also understand you mentioned the possibility of sideways but not sure. How long will it take, I speculate it will soon decline in the near future, and there will be a more positive signal for the price to rise again by the end of 2023.

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Quote from: someone703 on August 25, 2023, 10:18:42 AM

Quote from: fzkto on August 25, 2023, 10:10:40 AM

It seems to me that those who sell coins are not very many now. Now is a good opportunity for those who know how to make money on margin positions. For such people it does not matter whether it is bear or bull season. The main thing is to be able to see the trend and make money on it. But of course after the next fall there will be a new growth.

But what I see is that we are still in a downtrend and there is not a big impetus to get out of this zone, there is an expectation in the near future 2024 2025, but that is a story for later. And the volatility of the crypto market we can all feel, personally I don't think it's a good time to apply margin, large volatility and not much money flowing into the market will only make for us to be stuck rather than get good results, it is still better to accumulate DCA spot.

I don't know what trend you're talking about. I see bitcoin has been rising all this year and now the price is almost double what it was in January. There may have been a slight downturn in the last few months, but it's probably more of a sideways movement.

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Quote from: sana54210 on August 25, 2023, 02:50:26 PM

Quote from: irsykes on August 23, 2023, 06:43:14 AM

there's no mistaking it and let's not waste any time now, we are still given a big discount on the altcoin market. the time of high altcoins price altcoins has not happened yet and a bull run season may be far from the agenda. but from now on its good to hold altcoins long term. maybe tomorrow november will make the altcoins market green

This is the saddest part, a lot of people will waste that time. There is a reason we are down, there were a lot of people who sold their coins, which means that when the price is low, they are selling their coins and making a loss. I would highly suggest everyone to buy it instead of selling it.

We are doing fine right now, the price is fine, this is not a huge crash, it is doing not that far aoff from what it was a week or two ago, we can go back up in a few days if there was a bull rush, which it does happen time to time and we do not know if it will happen again as well. I think it is quite important to make as much profit as we could possibly do, and that is why I am sure that it will not be a problem for any of us.

And that is the thing, there is not really any fundamental reason for the drop, so most likely the price will recover soon, so anyone investing now can easily get some small profits without even trying.

But even more importantly, when you buy for a good price and then there is a small recovery soon afterwards, it becomes way easier to hold your coins, as it is easier to hold your coins when you have booked a small profit than when you are suffering a big loss.

Also I find it very unlikely bitcoin will keep going down and touch 20k, meaning that this is probably as low as the price can go, and what can be better than to buy at the bottom of a dip?

Topic: Another red day (Read 516 times)