Another red day | Bitcointalksearch.org

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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.

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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.

wxa7115

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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?

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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.

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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.

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Quote from: Kelvinid on August 25, 2023, 09:20:55 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.

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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.

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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

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.

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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.

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Quote from: Reatim on August 24, 2023, 02:51:57 AM

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.

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.

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Quote from: poodle63 on August 22, 2023, 07:19:43 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.

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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.

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

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Quote from: WatChe on August 23, 2023, 01:33:03 PM

Quote from: Nwada001 on August 05, 2023, 03:53:46 PM

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.

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

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Quote from: Nwada001 on August 05, 2023, 03:53:46 PM

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.

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.

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Quote from: poodle63 on August 22, 2023, 07:19:43 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, 05:36:51 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

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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, 05:36:51 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.

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Quote from: fauzan Ichsan on August 21, 2023, 11:25:53 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.

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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.

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.

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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.

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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.

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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.

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.

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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.

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?

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Quote from: JeffBrad12 on August 20, 2023, 11:11:53 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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

hero member

Activity: 2842

Merit: 625

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

legendary

Activity: 1766

Merit: 1002

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

hero member

Activity: 560

Merit: 624

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.

WatChe

hero member

Activity: 882

Merit: 540

Quote from: Nwada001 on August 05, 2023, 02:39:55 PM

I don't see anything much different from what is happening in the market right now, as this has always been the movement of coins, as they are not supposed to be stable or to always go all up and never come down all the time.

This post made me run back to check CoinMarketCap. I taught I would be seeing about 5–10% in price drop, but it is nothing close to that, and I believe this is just preparation for the next thing coming. Most traders are actively selling off to calculate their monthly trade and subtract their gain from profit, which could result in little market downward movement.

I just checked XRP on CMC and it has gone down by 4% in last 24 hours. I do agree that its something not big to worry about. Normally when bitcoin is stable on some value then we saw such fluctuation in values of Alts.

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. Its normal when Bitcoin goes down everything start going down and vice versa.

Mr.suevie

sr. member

Activity: 490

Merit: 308

Quote from: fzkto on August 05, 2023, 02:49:16 PM

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.

Almost all altcoins have been falling for a few years now. So I would pay attention to the fact that on some of the days coins will fall a bit more than usual. Maybe it's a special market manipulation. Or maybe there is already some news that we will find out about early next week. Now the main thing is not to panic. I am sure that this fall will not last forever.

I know but I feel these altcoins also kinda move with Bitcoin atleast if not all some of them because I normally watch the market price movement and for most of the times that Bitcoin price has actually gone up some good altcoins also high with it . And this small drop or dip in price is actually normal because not all the time we expect the price to be favourable atleast that why it's even called a market.

fzkto

sr. member

Activity: 2254

Merit: 439

Cashback 15%

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.

Almost all altcoins have been falling for a few years now. So I would pay attention to the fact that on some of the days coins will fall a bit more than usual. Maybe it's a special market manipulation. Or maybe there is already some news that we will find out about early next week. Now the main thing is not to panic. I am sure that this fall will not last forever.

Captain Corporate

hero member

Activity: 1974

Merit: 575

I guess the only reasonable explanation I got would be the one that talked about end of the month purchases end up selling after the start of the month didn't really became anything. But since there is no %100 clear evidence of what the reason was I would definitely suggest realizing that we are not going to end up with anything that clear that quickly. Its going to be something that focuses on whatever happens happens mode, this is how crypto is. I get that we are at a stage where we can make a big difference, so we should definitely consider the current situation as usual and do not look for a reason, its just not that big of a deal anymore and doesn't need a reason.

Nwada001

hero member

Activity: 560

Merit: 624

I don't see anything much different from what is happening in the market right now, as this has always been the movement of coins, as they are not supposed to be stable or to always go all up and never come down all the time.

This post made me run back to check CoinMarketCap. I taught I would be seeing about 5–10% in price drop, but it is nothing close to that, and I believe this is just preparation for the next thing coming. Most traders are actively selling off to calculate their monthly trade and subtract their gain from profit, which could result in little market downward movement.

armanda90

hero member

Activity: 994

Merit: 552

Naturally with market progress looks slowly for growing up to higher price but easily get correction and price dump in short time, almost one month ago all coins haven't good progress for raising up actually with Litecoin last few days halving not positive impact yet. Spent day by day with red day and August have been several days but not bring light for the market back to higher price. Its depend with Bitcoin stuck under $29,000 and difficult for all altcoins going up to higher price.
Must be patience for one or two months later with pass red day until get chance bitcoin wake up to higher price. Long term holding when seeing altcoin not good progress up to higher price, spent time with another activities until coming back when bitcoin and altcoins back to the top price.

adaseb

legendary

Activity: 3738

Merit: 1708

I don't think this is much of a drop. I think we have been trading extremely in a tight range and when we get some type of breakdown as this, we think something negative happened and was a result of some bad news.

If you take XRP for example, this drop is only around 5% from the current price. For an alt coin that is nothing. When there is something bad, usually alts drop -20% in a single day. Probably one more month of this before we get some liquidity and trend in September or October.

SmartGold01

hero member

Activity: 616

Merit: 713

Don't joke with my Daughter

This is something we can't stops seeing all the time and the market is being positioned to have this action as it is another reason for cause of the trading to happened, so do I say there is a strong sell in the market?
Causing the market to turned their arms negatively, maybe if the market pressure I mean if the buying pressure supersede the selling then we could have all green again.

bittraffic

hero member

Activity: 2870

Merit: 612

Prices are not plunging down like 10-20% though. Its often red every week but RSI is actually showing the lines almost in the bottom particularly in the daily chart. It could burst up the next couple of weeks I guess going up to 32k-34k.

This is the part in the bear market where our patience goi g to dry out as cryptocurrencies are goi g to be uninteresting due to the sideways movement for months.

ajiz138

hero member

Activity: 1470

Merit: 783

Looking at the chart 1 month ago shows that the market has decreased, especially bitcoin, whose average price is $29K, this is a fairly long sideways, is this possible because it is influenced by negative news? It is clear that a lot of negative news makes the price no longer rise above $30K.

You mentioned altcoins above I didn't pay much attention to it because I haven't been an altcoin holder since more than 1 year now more focused on bitcoin as the only investment in crypto, no offense because I also believe there will be a higher potential increase from the altcoins mentioned but I am not a holder.

Coin_trader

copper member

Activity: 2758

Merit: 1163

Leading Crypto Sports Betting & Casino Platform

I think the sell off is related on equity market closure. There’s an article regarding this on coindesk https://www.coindesk.com/markets/2023/08/03/crypto-markets-today-btc-eth-ada-sol-matic-price-analysis/ which is a good analysis on what happened. Bitcoin failed to create a rally during the opening week of the month instead it go sideways. Those who purchase on the price dip before the end of the month probably sold now due to no movement at all.

We are just always noticing the red but failed to notice the greens which are thise people that hoping that market to pump more after they purchased.

Latviand

full member

Activity: 1540

Merit: 219

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.

Captain Corporate

hero member

Activity: 1974

Merit: 575

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.

Topic: Another red day (Read 516 times)