Be Prepared for the big dump. - page 4.

nowlscor18

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Quote from: bhadz on May 19, 2021, 01:22:07 PM

You just said it when we've got the dump already and it happened. Everyone must be prepared whether it be a big dump or pump. I have that belief that after this big dump, we're going to see a better price after wards. It has to go down so that bitcoin could reach better price after this.

The dumped or pump already happened right this time. Everyone must really need to be prepared since it is really a big dumped. But I guess it just dumped because there is something that needs to change on it. Every downfall has a valid reason since it is crypto currency, we must really needs to expect everything that might happened. It experiences a downfall due to some correction of prices on it and after this, I can say that the market price of bitcoin will be back to normal, becomes better and more stable for the sake of everyone. We just need to be prepared and be ready to take risk, patience is really needed also in this kind of situation.

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Quote from: Dr.Osh on June 21, 2021, 10:30:36 PM

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I saw the price of bitcoin dropped drastically today, is this a sign of a big dump? or just a correction. what do you think guys?

Well, I think the price correction has been completed, and at the moment we may see prices being dumped. however, I think there will be a bounce back from this, and the price might go higher. to be honest, I expect the bitcoin price to hit $100k for this year, so I plan to keep holding my asset even if there is a decline or price correction. at the moment, we are seeing price drop caused by china I think

you are still optimistic for this year holding a prediction of that size. the market that moves far enough has made many people panic by selling their assets. but most believers like you know the market potential can make bigger returns.
but I myself doubt it will happen this year. a small pump will probably occur but the correction will continue to occur after that. I guess if there isn't a deep dump we will see corrections and small pumps throughout the rest of the year.

Dr.Osh

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Quote from: ?? on ??

I saw the price of bitcoin dropped drastically today, is this a sign of a big dump? or just a correction. what do you think guys?

Well, I think the price correction has been completed, and at the moment we may see prices being dumped. however, I think there will be a bounce back from this, and the price might go higher. to be honest, I expect the bitcoin price to hit $100k for this year, so I plan to keep holding my asset even if there is a decline or price correction. at the moment, we are seeing price drop caused by china I think

Asuspawer09

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Quote from: Shikha99 on May 19, 2021, 10:21:22 AM

Hi friends, from the title i said be prepared for the big dump of the market and why im saying that ? because first, we all know that all altcoins without any exceptions are affected by bitcoin price, and i will tell you to open trading view, go to bitcoin chart and choose the monthly chart and you will see something will freak the hell of you, a big tall candles without any red candles and all indicators are showing an overbought sign so i believe we will see a very big dump soon..

what do you think?

It's expected to happen, 2021 we are still up and bullish even though after the Tesla announcement and the Elon Musk tweets about bitcoin where they will not support bitcoin anymore or accept it as payment.

I mean no need to worry since it is impossible for the market price to go very low these days, there will be a huge resistance below 30k$ for sure.

Honestly, I like this dump since I could still accumulate more bitcoin if this continues and that gives us more time to buy more of the other potential altcoins for a lot more profit. Dumps are not negative, and its not a good time to sell after all red market means buy and the green market means sell.

viananda2525

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Quote from: ?? on ??

Quote from: Shikha99 on May 19, 2021, 10:21:22 AM

Hi friends, from the title i said be prepared for the big dump of the market and why im saying that ? because first, we all know that all altcoins without any exceptions are affected by bitcoin price, and i will tell you to open trading view, go to bitcoin chart and choose the monthly chart and you will see something will freak the hell of you, a big tall candles without any red candles and all indicators are showing an overbought sign so i believe we will see a very big dump soon..

what do you think?

The big dump is happening already because of the latest news that china said "bank should block bitcoin transactions and this very sad to read, I'm seeing all the crypto market price going down huge especially ETH and BTC right now. Many people are panic selling and the bear is back again to slash the bull.

china "always" said it many time when bitcoin price soar, but everytime it happen cryptocurrency being stronger and stronger than before. big dump will still continue till their bank get alot bitcoin in lowest price this year. i am confidence to say, all of this only their strategy especially giant bank in CHina to growth their assets by buying cheap bitcoin .

gundala

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Quote from: GeorgeJohn on June 21, 2021, 12:39:18 PM

~

Everyone must prepare to buy Bitcoin when it hit below 30k. The market is just all about risky ventures, cutting your coat according to your cloth, not overtrading without risk management. A lot of persons are still going to lose more funds if they're not prepared to day trade the market.

unfortunately many new people come unprepared. join because of fomo, panic buy, and want instant profit. some were lucky to enter at the right time, most others were stuck buying at the top and then there was a deep decline. for those who do not have the preparation will definitely be caught in a loss, forced to cut loss or have to be patient longer.
To be able to adapt we must have a knowledge base.

pixie85

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Quote from: hari9981 on June 21, 2021, 03:06:25 PM

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I don't really care about the big dump because i want to hold my assets for very-very long term and my goal for bitcoin is more than $100k, i know it will be very long ride but its ok, i don't really need that cash right now.

Its easy if you didnt need cash, sadly most of us cant hold with that condition. Do you have plan to averaging down while dump happen or just a pure hold till the price pump?

I always make sure that I have enough money saved up to survive 2 years without having to sell anything. The last bear markets taught me to do so.

There are some things that you can be certain when it comes to crypto. One is that it always comes up and down, so if you feel bad and at a loss just hold it and it will eventually go back up.
The other that when you feel like the world is coming to an end because you've lost like 60% of your money it usually means that the sell pressure is coming to an end. Don't make the mistake of selling when the market is down 60%.

TheGreatPython

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those who invest in crypto should do it for fun, with the premise of having an experience and having spent money for it.

For fun? Honestly I am first time hearing such a suggestion still I agree with you because even bitcoin core developers themselves do call bitcoin as an experimental yet interesting project hence risking at your affordable level will help you in many ways. All the above I am not sure about upcoming dump because I do see there are big chances for upcoming stronger bullish trend.

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the risk is truly enormous and patience is a virtue for a few

I believe patience will help all the investors of crypto world because in long term almost all the coins and tokens are known for getting us good profits.

hari9981

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Quote from: ?? on ??

I don't really care about the big dump because i want to hold my assets for very-very long term and my goal for bitcoin is more than $100k, i know it will be very long ride but its ok, i don't really need that cash right now.

Its easy if you didnt need cash, sadly most of us cant hold with that condition. Do you have plan to averaging down while dump happen or just a pure hold till the price pump?

ingiltere

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Quote from: kenelmark on June 21, 2021, 02:13:25 PM

Yes, we will not only see a dump, but will also spend a lot of time waiting for the pump to happen again. This dump will be going on for the long haul. If at the end of the year there is no change, then we have to wait for the next three years.

I don't think we have to wait for another three years, it's just an expected after rally phase. I think we will see second part of bull rally starting in late Summer or early Autumn, then when that rally finish we will be in real bear market. Right now prices are still too high to talk about bear market, BTC is at 33k and major altcoins are still around half of their top prices. Short term trading is risky but people who buy coins at dip would still make good money.

kenelmark

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Quote from: Shikha99 on May 19, 2021, 10:21:22 AM

Hi friends, from the title i said be prepared for the big dump of the market and why im saying that ? because first, we all know that all altcoins without any exceptions are affected by bitcoin price, and i will tell you to open trading view, go to bitcoin chart and choose the monthly chart and you will see something will freak the hell of you, a big tall candles without any red candles and all indicators are showing an overbought sign so i believe we will see a very big dump soon..

what do you think?

Yes, we will not only see a dump, but will also spend a lot of time waiting for the pump to happen again. This dump will be going on for the long haul. If at the end of the year there is no change, then we have to wait for the next three years.

GeorgeJohn

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Quote from: ?? on ??

Right, it's really happening now many coins experiencing a big dumped. I expected this will happening because the coins of the market increasing so high in the past months especially bitcoin, I'm surprised that it reached $60k price. Right now the market is still not good but this is our opportunity to buy cheap coins.

Only the newbies are skeptical about this coming massive fall of Bitcoin that is going to affect the whole crypto market. If you try to look at the bigger picture of Bitcoin price, you'll see that the price is still going to fall below $30k before ranging to continue it movement.

Everyone must prepare to buy Bitcoin when it hit below 30k. The market is just all about risky ventures, cutting your coat according to your cloth, not overtrading without risk management. A lot of persons are still going to lose more funds if they're not prepared to day trade the market.

DrBeer

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If you look at the historical charts of bitcoin, namely, you need to look at it, since today it is still a key figure in the crypto world, then we will see an interesting picture. Look at the Bitcoin chart for 2017-2018, and look at the 2020-2021 chart. the picture is very similar to the "second wave", amplified by about 4 times, and its behavior almost completely coincides, in chronology, with the previous small wave. Most likely, this trend will continue, and the crypto market will have to rush "to the bottom", approximately to the level of about $ 20,000 +/- a little. There were no global positive changes in the crypt. the usual speculative scenario is repeated.

Alisha-k

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Quote from: Shikha99
link=topic=5338587.msg57045109#msg57045109 date=1621437682

Hi

what do you think?

The dump is already hear and lots of coins would still join the bearish moment wow this has always been the tradition of market analysis. After a long overbought session we experience a drastic dip in price to complement for the bull period. But how long would this bear moment last is what no one can accurately predict at the moment.

Lubang Bawah

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Quote from: Shikha99 on May 19, 2021, 10:21:22 AM

Hi friends, from the title i said be prepared for the big dump of the market and why im saying that ? because first, we all know that all altcoins without any exceptions are affected by bitcoin price, and i will tell you to open trading view, go to bitcoin chart and choose the monthly chart and you will see something will freak the hell of you, a big tall candles without any red candles and all indicators are showing an overbought sign so i believe we will see a very big dump soon..

what do you think?

The crypto trend is indeed like this, as far as I know, I have experienced it several times, I also believe that the current negative trend can be up to 2 years, but seeing the world public like Elon Musk who is actively campaigning for crypto, I believe the end of the year the market will be green again.

int03h

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There is too much bad news coming to the market right now and the Bitcoin chart is also very bad. Right now those who hold cash have an edge over anyone in the market. A big break will have to happen for the market to continue growing. It could take months for the market to bounce back, no one knows what the lowest price for crypto is right now. So staying out of the market is a wise move.

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Quote from: AzamNurWahid on June 20, 2021, 05:36:52 AM

the proof until now there has been no big dump that I have seen in the market is indeed a dump but it always recovers within 24 hours, bitcoin still has a price above 30k and it is impossible to dump up to 10k

Even the price will not fall that much we still need to monitor our investment now, I already learned from my 2017 experience wherein I invested in many altcoins but ended at lose since some of them were not available to recover. Make sure to monitor or invest only in top altcoins and bitcoin for safe holding. We never know what the market status still will be.

xzone

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Quote from: Vaskiy on June 20, 2021, 05:05:32 AM

There is more chance for price dump. Right now the market tries to gain resistance and stay above $35000, we don't know how long this could sustain. If this downward resistance gets broken there is more chance of price reaching low to $25000 before the big bull run for the year. Anyhow there is big rise in the real-time usage and support from different countries around the globe. This will keep the market progressive than decline in the long term.

Every day comes positive news, it's true. But on the other hand, there are also reports that bitcoin is banned in some countries. I think the news impact will diminish, we are heading towards a serious breaking point right now.
It could not hold strong enough around $35000 and the price is currently heading towards $30000. It is very easy to make money in the long run, but in a short time many investors will lose their money

SacriFries11

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Quote from: ?? on ??

big dump maybe still face us in near future, alot of negative news still from CHina about mining shut down altough actually this is good for long term. with several bad fundamental news its could be trigger for next bitcoin movement. this bearis trend will stand maybe till last quarter in this year, so just forget it for a while if we got rekt in any coins.

The dump is happening right now. I think it's not the big dump that you're thinking but it might occur anytime soon. China again released bad news about cryptocurrency, I think it's their strategy to promote their own digital currency or big people plan this to buy more before it will skyrocket. Badly, I didn't cutloss and now I just wait for the recovery or I just monitor and start to make different TA if the price will continue to go down or it will recover this week. What do you think ? If dump will continue will see $27k again.

fvb

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Willingness to keep this is one of the rules of the cryptocurrency market. Don't panic is the rule that is even more important. Correction takes place. But 10 is too much. And I can hardly believe it.

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