Another red day - page 3. | Bitcointalksearch.org

doomloop

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Quote from: crwth on August 19, 2023, 11:36:24 PM

After 15 days, it's still the same. Additionally, the major ones like BTC and ETH are down.

This is just the cycle I guess. A lot of people probably are selling off with their holdings because of something that they have to do. We can never predict the market but we can only hope for the best ones. Just keep accumulating if you have the capacity to, and if you have some opportunity to profit or take advantage of it, I think it would be ok.

It's probably okay for those who have bought just recently and are going to sell back for some profit hoping that they can buy lower maybe, but those who have bought way back and have been waiting for a very long time for the market to go up are supposed to keep holding because even if they are not in loss and getting a few percentages of profit, it's not really worth it after all that wait, now when the halving is so close and so is the long-anticipated bull run.

Right now is the accumulation phase, as you said, those who can afford to do so should keep accumulating with every drop in the price so that they can reap as much profit as possible when we enter the bull market, and those who can't do that should simply keep holding and waiting for it to come.

JeffBrad12

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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.

blockman

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Quote from: raidarksword on August 20, 2023, 09:18:48 AM

All major coins are down maybe it's true that Elon Musk sold his bitcoin that's why we suffered red market this week.

That's not a rumor and it's true based on the articles that came out and became a buzz. But you know what, this is what these whales do like. They make hey and noise so that they can move the markets and then that's the time that they're going to make their moves through accumulation and buying more of it, it's no longer a secretive move when everyone else does know that already.

Quote from: raidarksword on August 20, 2023, 09:18:48 AM

Though I am not shocked about this because we all know that every August it's a red market and many believed August is a ghost month of chinese people that's why it's very predictable of what market's condition.

Ghost month seems to be really like this whenever we go through it. But we're just a few days away from this month's end and that's probably the start of the recovery that we're about to see.

raidarksword

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All major coins are down maybe it's true that Elon Musk sold his bitcoin that's why we suffered red market this week. Though I am not shocked about this because we all know that every August it's a red market and many believed August is a ghost month of chinese people that's why it's very predictable of what market's condition.

WatChe

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Quote from: asriloni on August 20, 2023, 03:21:30 AM

https://www.dailymail.co.uk/yourmoney/banking/article-12421275/Bitcoin-plunges-Spacex-sells.html

Space x was just triggering so many people to sell their bitcoin and ethereum. I have heard that even some whales were cutting lose their investment in bitcoin and ethereum as these whales were buying when btc was around 30k. The movement from the big companies is definitely unpredictable.
We may see further dump to happen with crypto if there will be more companies will try to liquidate their crypto asset. The crypto market needs a long time to recover from this dump.

spaceX has sold 373 million USD worth of Bitcoin and that's not something huge but still the Bitcoin community has taken it seriously once again. There are also new that SEC has delayed the decision on Bitcoin ETF till April 2014 and that has also given a blow to Bitcoin. Such correction was expected as Bitcoin has a bull ran that started from 16k and was very much stable on 29 to 30k. This s not a big DIP compared to what we have seen in the past. Its advisable to relax and swallow this pill with patience.

asriloni

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Quote from: crwth on August 19, 2023, 11:36:24 PM

After 15 days, it's still the same. Additionally, the major ones like BTC and ETH are down.

This is just the cycle I guess. A lot of people probably are selling off with their holdings because of something that they have to do. We can never predict the market but we can only hope for the best ones. Just keep accumulating if you have the capacity to, and if you have some opportunity to profit or take advantage of it, I think it would be ok.

Quote

The price of Bitcoin has plunged by 9 percent - dropping to a two month low - following reports that Elon Musk's SpaceX had dumped the cryptocurrency.
The world's most popular cryptocurrency fell below $25,500 per virtual coin on Thursday night, according to data from digital currencies specialist CoinDesk - the lowest it has been since mid-June.

https://www.dailymail.co.uk/yourmoney/banking/article-12421275/Bitcoin-plunges-Spacex-sells.html

Space x was just triggering so many people to sell their bitcoin and ethereum. I have heard that even some whales were cutting lose their investment in bitcoin and ethereum as these whales were buying when btc was around 30k. The movement from the big companies is definitely unpredictable.
We may see further dump to happen with crypto if there will be more companies will try to liquidate their crypto asset. The crypto market needs a long time to recover from this dump.

crwth

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After 15 days, it's still the same. Additionally, the major ones like BTC and ETH are down.

This is just the cycle I guess. A lot of people probably are selling off with their holdings because of something that they have to do. We can never predict the market but we can only hope for the best ones. Just keep accumulating if you have the capacity to, and if you have some opportunity to profit or take advantage of it, I think it would be ok.

wxa7115

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Quote from: Rupok on August 19, 2023, 10:17:38 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.

Those people are looking at it on the wrong way, if I want to buy a car and the price of the car goes down why should I be mad about it? So this is an opportunity to buy bitcoin and get more of it due to its reduce price.

Now it is true that people get mad about the drop on the price as they were already holding some coins and this downward movement could represent some unexpected losses for them, but people need to remember that you only lose money when you sell, so as long as you can keep holding you coins you have lost nothing.

Oneandpure

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Quote from: Captain Corporate on August 05, 2023, 10:48:18 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.

There are not specific reason why major top standing ten coins in CMC have going drop because Bitcoin current price from $29,000 dropped until $25,000. Its have been natural when Bitcoin going drop drastically will allow by all altcoin and today depend with Bitcoin keep stable in lower price we got all altcoin keep going down and not easy raise to higher price. We don't need for long time getting some altcoin have going to lower price with Bitcoin crash without few hours all altcoin going dump, but difficult for altcoin back to higher price as soon possible when bitcoin have been on the top price. More be patience waiting until bitcoin back to higher price again and we get opportunity with altcoin can back up higher price than before.

Rupok

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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.

TopT3ns

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Quote from: Bitstar_coin on August 07, 2023, 04:56:15 PM

In the eyes of an investor with lots of cash, red days only signifies another great opportunity to top up what they have already accumulated and as for small investors, a red day is another sad day because their portfolio is down by some percentage.
The market imo has been relatively in one position for quite some time now, it will be good to see some real movement, upward or downward.
Perhaps there is going to be a last opportunity to buy any coins at low price before the long-awaited bull season arrived.

Many traders misunderstand red market conditions, even though when the price is red they should buy a very large amount of assets, but it should be noted that the assets purchased must have the potential to go back up at high prices, and you need to remember that all Asset purchase transactions must at least be recorded neatly with your portfolio using Excel or something like that so that when the price goes up you can sell it and take the profits that have been obtained.

Bitstar_coin

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In the eyes of an investor with lots of cash, red days only signifies another great opportunity to top up what they have already accumulated and as for small investors, a red day is another sad day because their portfolio is down by some percentage.
The market imo has been relatively in one position for quite some time now, it will be good to see some real movement, upward or downward.
Perhaps there is going to be a last opportunity to buy any coins at low price before the long-awaited bull season arrived.

jossiel

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Quote from: GreatArkansas on August 06, 2023, 09:26:48 PM

Quote from: jossiel on August 06, 2023, 10:33:48 AM

Just as the typical market day.

We get to see this as a normal day of the market and Bitcoin stays at $29k and there's no movement at all. This is like, it's either no movement at all or we get to see some bloodbaths from the alts market.

Anyway, nothing surprising at this moment as there's not that much news except those typical meme and ai coins being marketed by different exchanges.

I miss the days when Bitcoin is on sideways, we see altcoins are pumping.
For me, this is just a sign that we are still not in a bull market.

It's gonna be a long sideways for the entire market for me, but bloody for small-cap altcoins. Sideways Bitcoin for me is good for my bags as I hold Bitcoin and high market cap altcoins.

Yeah, bull run isn't yet there.

It takes time until we see all of those signs that we're already in the bull run. For now, it's gonna be waiting time if you're waiting for some specific altcoins to be up.

And that's like a sign before a bull run that happens for bitcoin, while we're waiting for that. We need to be patient or you pick what you wanna get at this point.

KingsDen

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Quote from: Latviand on August 05, 2023, 11:11:48 AM

This could be one the reasons for why the market is on the red although that article is 4 days old so I might be wrong. Totally agree that we shouldn't be worry, and if I'm being honest, I think that it's a good time right now to spend your fiat to buy cryptocurrency since most cryptocurrency are on the red meaning that they're somewhat selling at a discounted price.

I do not believe the article on cointelegraph to be the reason for the drop of prices of the altcoins. It is normal in this industry that we attribute every drop and rise to something. But this time around, continuing to mention SEC doesn't make much sense to me. I think the SEC influence is no longer huge in the present market.

As you do not care, so also do I also not care. It is only the day traders that care much about the price movements and its possible causes.

bitterguy28

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Haven't we seen this situation for how many times this year? maybe it is enough to accept that crypto market's volatility is showing us how strong and healthy it is?
https://coinmarketcap.com/ look at the market now as it seems to be recovered a little from yesterday.
so maybe the best way to engage is buying more than using this as threat for our investments?
because the more we reacted is the bad response it could bring to the whole crypto market.

GreatArkansas

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Quote from: jossiel on August 06, 2023, 10:33:48 AM

Just as the typical market day.

We get to see this as a normal day of the market and Bitcoin stays at $29k and there's no movement at all. This is like, it's either no movement at all or we get to see some bloodbaths from the alts market.

Anyway, nothing surprising at this moment as there's not that much news except those typical meme and ai coins being marketed by different exchanges.

I miss the days when Bitcoin is on sideways, we see altcoins are pumping.
For me, this is just a sign that we are still not in a bull market.

It's gonna be a long sideways for the entire market for me, but bloody for small-cap altcoins. Sideways Bitcoin for me is good for my bags as I hold Bitcoin and high market cap altcoins.

|MINER|

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Quote from: Captain Corporate on August 05, 2023, 10:48:18 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.

But these red days are not new to cryptocurrencies. These are a form of saturated currency series operations. In my case earlier most of the times when I went to invest the market would go down. And the reason behind this is because my fundamental and basic knowledge was less then. I think it is better not to go into trading or short term trading without acquiring some technical knowledge and fundamental knowledge or the ability to read candlesticks on charts. In this case, you can continue investing by managing a DCA for the long term.

jossiel

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Just as the typical market day.

We get to see this as a normal day of the market and Bitcoin stays at $29k and there's no movement at all. This is like, it's either no movement at all or we get to see some bloodbaths from the alts market.

Anyway, nothing surprising at this moment as there's not that much news except those typical meme and ai coins being marketed by different exchanges.

fmz89

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go out find some grass to be lay on Cheesy

, its been sideway for weeks, and alt began to fade cus people getting boring and dumping instead. just normal market,
nothing worry about. next week should see some uplift heading cpi report

Nwada001

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Quote from: WatChe on August 05, 2023, 03:36:38 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.

Topic: Another red day - page 3. (Read 516 times)