Another red day - page 2. | Bitcointalksearch.org

sana54210

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Quote from: irsykes on August 23, 2023, 05:43:14 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.

someone703

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Quote from: fzkto on August 25, 2023, 09:10:40 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.

fzkto

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Quote from: Kelvinid on August 25, 2023, 08:20:55 AM

It is a red day still and more people are in panic, well, I hope they will think before selling.
We're not sure how long the situation will changege but yes, I was still positive and of course, I was thinking of the current situation as an opportunity for those who are not buying yet. Perhaps, this is time because after this we possibly surging high due to possible increase in demand as the BER months are coming and also, considering the halving will happen next year.

I was certain that where not heading to another bear season but for green day.

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.

Kelvinid

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It is a red day still and more people are in panic, well, I hope they will think before selling.
We're not sure how long the situation will changege but yes, I was still positive and of course, I was thinking of the current situation as an opportunity for those who are not buying yet. Perhaps, this is time because after this we possibly surging high due to possible increase in demand as the BER months are coming and also, considering the halving will happen next year.

I was certain that where not heading to another bear season but for green day.

Nwada001

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Quote from: Xampeuu on August 24, 2023, 12:41:15 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

Do you mean 80% of your entire wealth? If yes, please don't do that before you get stranded as a result of Bitcoin volatility in nature. To me, 80% of one's entire wealth is too much of a risk. Unless you mean 80% of funds that were set aside for investment purposes, then I can agree with the idea, as it entirely is not healthy and safe for one to cast all his eggs in one basket. As things do happen, no matter how secured we find those assets to be, it's still safer if we can apply some risk minimization measures.

Sebas.tian

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Quote from: Captain Corporate

Seems like a lot of major coins are down again, XRP, ADA, SOL, TRX, MATIC, LTC DOT, AVAX all of them are quite down today. Anyone knows if there was a specific reason for this drop, or was this just another one of those days. I am not worried by the way and neither should you, crypto prices sometimes falls like this and they just recover after a while and its natural part of the market. There is no UP without Down first and that's what we are seeing right now, we need to see the down like these days in order to appreciate the up when we get it. So do not be worried, its fine, I have no idea what caused it at all, but it will be gone in a week or two for sure.

I think, those coins you just mentioned has dump for their investors to experience bearish season in a way those that missed the opportunity to invest, will use this opportunity to invest on them and continue waiting for the bullish season to come before they can sell to make money. Dumping and pumping is natural in cryptocurrency market which you don't need to ask the causes of the dump, because there are some investors waiting for this bearish season to come like the way other investors are waiting for bullish market to come so that they can sell and wait for another bearish to come again. I think, demand and supply are the causing of bear and bull in the market, which potential investors don't use to panic whenever there is a bear or bull in the market than to use the right strategy to follow up with the market.

JeffBrad12

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Quote from: Reatim on August 24, 2023, 01:51:57 AM

Quote from: Captain Corporate on August 05, 2023, 09:48:18 AM

Seems like a lot of major coins are down again, XRP, ADA, SOL, TRX, MATIC, LTC DOT, AVAX all of them are quite down today. Anyone knows if there was a specific reason for this drop, or was this just another one of those days. I am not worried by the way and neither should you, crypto prices sometimes falls like this and they just recover after a while and its natural part of the market. There is no UP without Down first and that's what we are seeing right now, we need to see the down like these days in order to appreciate the up when we get it. So do not be worried, its fine, I have no idea what caused it at all, but it will be gone in a week or two for sure.

still happening today mate as looking to the market from the number 1 https://coinmarketcap.com/currencies/bitcoin/ bitcoin?
it seems that we will be having more of this drop in the coming days
though there are some growth since last night be another trap? this is a sad truth i believe but this happened already in the past

the price swinging hard right now, I guess its the aftermath of elon musk's dumping their company accumulated assets as speculated above.
the thing is, I don't think that the sentiment towards the bitcoin market will be negative though overall bitcoin is still in bullish crossover as speculated by many people.
but i'd say i always have some spare money just in case to accumulate all the bitcoin that i could have. after all i really anticipated that there will be bullruns in the future.
maybe in few years but regardless its still bullrun and im patient enough to wait for my investment to grow.

lixer

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Quote from: poodle63 on August 22, 2023, 06:19:43 PM

its just elon's company dumping their investment and finally liquidating it, thats the thing with institutional investors, they eventually gonna liquidate all their assets and investment when their business decision tells them so.
it might looks massive at beginning but after sometime their dumping will also become massive too therefore things like this is of course to be anticipated but so far the market could contains it and its all fine.

There is a thread in the forum that explains that Elon Musk or his company isn't behind the dip and there are other reasons why the market dumped all of a sudden. However, even if it's because of his company, that doesn't change anything and all we care about is the market and the prices of cryptocurrencies, whether it dropped because a country banned Bitcoin or because a company sold its Bitcoin holding, the eventual result is actually what matters the most.

For most of us, this is not something bad because we were tired to see the market being stagnant for so long, I was literally tired of seeing the same prices every single day for the last 6 months or so and I wanted to see at least some movement, though it's negative movement but it is at least something.

Reatim

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Quote from: Captain Corporate on August 05, 2023, 09:48:18 AM

Seems like a lot of major coins are down again, XRP, ADA, SOL, TRX, MATIC, LTC DOT, AVAX all of them are quite down today. Anyone knows if there was a specific reason for this drop, or was this just another one of those days. I am not worried by the way and neither should you, crypto prices sometimes falls like this and they just recover after a while and its natural part of the market. There is no UP without Down first and that's what we are seeing right now, we need to see the down like these days in order to appreciate the up when we get it. So do not be worried, its fine, I have no idea what caused it at all, but it will be gone in a week or two for sure.

still happening today mate as looking to the market from the number 1 https://coinmarketcap.com/currencies/bitcoin/ bitcoin?
it seems that we will be having more of this drop in the coming days
though there are some growth since last night be another trap? this is a sad truth i believe but this happened already in the past

Xampeuu

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Quote from: WatChe on August 23, 2023, 12:33:03 PM

Quote from: Nwada001 on August 05, 2023, 02:53:46 PM

Quote from: WatChe on August 05, 2023, 02:36:38 PM

Its time to sit back, relax and hold your nerves. Normally people start selling there coins when they see market going in down word direction.

It is something day traders have always considered a good strategy to know when to stop losing; seeing the market go down unexpectedly makes them take some hard decisions, considering they never planned to hold their coins for a long period of time but just to trade and make profit. Panic selling always results in some losses, which they considered better than losing all.

But in whatever market condition we find ourselves in, there are always those who take advantage of it, as it creates the right opportunity for them to enter the market at their expected time, which anyone with spare funds should consider doing, but should make a better choice as not all altcoins always survive after a mass drop, which I don't see happening anytime soon.

Bitcoin is still moving haphazardly around 26k$ and it still looks that Bitcoin may regain its lost spot at 30k$. I think its good time to add some discounted Bitcoin to your portfolio. As Alts price are very much linked with Bitcoin and that's the main reason why alts are down too. Keep an eye on solid alts only (like top 10 om CMC). I would prefer keeping major portion in Bitcoin probably 80% in Bitcoin and rest in alts.

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

WatChe

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Quote from: Nwada001 on August 05, 2023, 02:53:46 PM

Quote from: WatChe on August 05, 2023, 02:36:38 PM

Its time to sit back, relax and hold your nerves. Normally people start selling there coins when they see market going in down word direction.

It is something day traders have always considered a good strategy to know when to stop losing; seeing the market go down unexpectedly makes them take some hard decisions, considering they never planned to hold their coins for a long period of time but just to trade and make profit. Panic selling always results in some losses, which they considered better than losing all.

But in whatever market condition we find ourselves in, there are always those who take advantage of it, as it creates the right opportunity for them to enter the market at their expected time, which anyone with spare funds should consider doing, but should make a better choice as not all altcoins always survive after a mass drop, which I don't see happening anytime soon.

Bitcoin is still moving haphazardly around 26k$ and it still looks that Bitcoin may regain its lost spot at 30k$. I think its good time to add some discounted Bitcoin to your portfolio. As Alts price are very much linked with Bitcoin and that's the main reason why alts are down too. Keep an eye on solid alts only (like top 10 om CMC). I would prefer keeping major portion in Bitcoin probably 80% in Bitcoin and rest in alts.

irsykes

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Quote from: poodle63 on August 22, 2023, 06:19:43 PM

its just elon's company dumping their investment and finally liquidating it, thats the thing with institutional investors, they eventually gonna liquidate all their assets and investment when their business decision tells them so.
it might looks massive at beginning but after sometime their dumping will also become massive too therefore things like this is of course to be anticipated but so far the market could contains it and its all fine.

Quote from: Wahyuihib on August 21, 2023, 04:36:51 PM

going up and down the price of crypto currency is a common thing that I have often experienced so every trader must experience it. the only positive thing I take when the price is dropping is to increase my holdings of the few coins I have whenever possible.

yes, thats should be the most logical thinking for someone that trying to take advantage of current circumstance after all in the future when bullrun is coming we could easily double or even triple our capital by just simply accumulating at bearish market in which we gonna get the best deal out there, when will we encounter heavily discounted assets? of course at times like this.

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

poodle63

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its just elon's company dumping their investment and finally liquidating it, thats the thing with institutional investors, they eventually gonna liquidate all their assets and investment when their business decision tells them so.
it might looks massive at beginning but after sometime their dumping will also become massive too therefore things like this is of course to be anticipated but so far the market could contains it and its all fine.

Quote from: Wahyuihib on August 21, 2023, 04:36:51 PM

going up and down the price of crypto currency is a common thing that I have often experienced so every trader must experience it. the only positive thing I take when the price is dropping is to increase my holdings of the few coins I have whenever possible.

yes, thats should be the most logical thinking for someone that trying to take advantage of current circumstance after all in the future when bullrun is coming we could easily double or even triple our capital by just simply accumulating at bearish market in which we gonna get the best deal out there, when will we encounter heavily discounted assets? of course at times like this.

WatChe

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Quote from: fauzan Ichsan on August 21, 2023, 10:25:53 PM

I don't know the exact reason, but with a slightly significant decrease in bitcoin, it makes altcoins also follow suit, it's pretty good that altcoins keep up with the developments and movements of bitcoin, that means later when there is a pump on bitcoin this altcoin will also fly higher. however, if we want to buy it at this time, of course, we have to set aside money to guard the next purchase, because it could happen that the bitcoin price will fall again, and it is likely that this altcoin will follow suit.

Till now price of Alts are very much hooked with Bitcoin and alts move up whenever bitcoin moves up and vice versa. At the moment bitcoin is still going down and hasn't settled yet so Alts will follow the same pattern. Keep an eye on strong Alts like Eth or BNB and buy when you think price has dropped to your target level.

tygeade

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Quote from: Rupok on August 19, 2023, 09:17:38 AM

XRP, ADA, SOL, TRX, MATIC, LTC DOT, AVAX are all down today, this is normal, as long as the market remains in a bear market, it will continue to happen. Because the price of altcoins fluctuates all the time. When the price of altcoins goes down, it keeps going down. If we look at Bitcoin we can see that Bitcoin has gone from 26k to now 29k which is really great. Altacoins are in the red day after day, there is not much change in the market price going up.But many people are disappointed by the red market, because they lose a lot of capital due to the market going down. But some people hold coins by investing huge amount of money in this red market.

Indeed, and most of them are on this position even before. I think it was only XRP who are performing well last time but now maybe XRP have also dumped. I think that is because of the said company of Musk who sold 300 million dollar worth of Bitcon. Cryptos are known to be volatile but there are times where they can became stagnant in either in a dump or pump position. Now it was in a dumped position.

I think that is because we are not yet fully out of the bear (as you stated). Fluctuations is when the price goes up and down, not when it moves on one direction. Those who are disappointed are maybe newbies who are not used to these market conditions but if they only take their time to research before they enter, maybe their views and actions will change.

fauzan Ichsan

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I don't know the exact reason, but with a slightly significant decrease in bitcoin, it makes altcoins also follow suit, it's pretty good that altcoins keep up with the developments and movements of bitcoin, that means later when there is a pump on bitcoin this altcoin will also fly higher. however, if we want to buy it at this time, of course, we have to set aside money to guard the next purchase, because it could happen that the bitcoin price will fall again, and it is likely that this altcoin will follow suit.

Wahyuihib

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going up and down the price of crypto currency is a common thing that I have often experienced so every trader must experience it. the only positive thing I take when the price is dropping is to increase my holdings of the few coins I have whenever possible.

wheelz1200

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Quote from: Captain Corporate on August 05, 2023, 09:48:18 AM

Seems like a lot of major coins are down again, XRP, ADA, SOL, TRX, MATIC, LTC DOT, AVAX all of them are quite down today. Anyone knows if there was a specific reason for this drop, or was this just another one of those days. I am not worried by the way and neither should you, crypto prices sometimes falls like this and they just recover after a while and its natural part of the market. There is no UP without Down first and that's what we are seeing right now, we need to see the down like these days in order to appreciate the up when we get it. So do not be worried, its fine, I have no idea what caused it at all, but it will be gone in a week or two for sure.

It's definitely a down market right now. I consider a great buying opportunity. Don't think this market is going to progressively get better for awhile. At least not in 2023. This is a time when smart people are accumulating. Remember be greedy when people are fearful and be fearful when others are greedy. Right now is a buyers market.

kotajikikox

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Quote from: Captain Corporate on August 05, 2023, 09:48:18 AM

Seems like a lot of major coins are down again, XRP, ADA, SOL, TRX, MATIC, LTC DOT, AVAX all of them are quite down today. Anyone knows if there was a specific reason for this drop, or was this just another one of those days. I am not worried by the way and neither should you, crypto prices sometimes falls like this and they just recover after a while and its natural part of the market. There is no UP without Down first and that's what we are seeing right now, we need to see the down like these days in order to appreciate the up when we get it. So do not be worried, its fine, I have no idea what caused it at all, but it will be gone in a week or two for sure.

and this happens again couple of days ago, and yes not only few but all coins dumped that bad.
wondering where are we heading now?
does anyone can give complementary comment on what will we expecting at least in the next weeks?

Ziskinberg

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Quote from: JeffBrad12 on August 20, 2023, 10:11:53 AM

its just temporary phase, elon dumping bitcoin is to be expected from long ago, never think those institutional investors are bagging crypto as their investment forever.
eventually they will have to dump it for the sake of the company cashflow or whatever it is.
same thing with elon's company right now, they eventually just gonna cash out their investment and thats it, within few days the condition of the market will be back to normal again and I'm sure that
this corrections is rather short lived, market already endured the dumping, there's no other way but to climb up, though thats just my rough guess after all, the market could be very well experiencing another waves
of bearish which causes corrections everywhere.

Well, I don't that bad about the current market situation anyway because just like you, this is temporary and it dumps because of some reason which surely is ended up soon and rise again. And talking about another bearish season, I wasn't thinking till now as I believe that only once it happens in the market for every 4 years and we've done it already last year. However, we also have to prepare for whatever happens in the coming days but I was too positive that it will turn back to $29k again before the end of this month.

Topic: Another red day - page 2. (Read 581 times)