Topic: Bitcoin and Ethereum at risk of serious losses (Read 637 times)
this is not the first time this has happened I have seen in 2018 the price of bitcoin fell drastically and now the price of bitcoin is back down for me this is nothing new and I am sure the price of bitcoin will rise again so my advice who has bitcoin assets or ethereum coins don't panic quickly when the price of the coin drops.
All the other coins following bitcoin is really big mystery of all time. I never understood why they do it, many tried to explain it but it does not convince me. I think its just whole economy of the crypto sphere which gets hampered, I mean the total market cap of crypto space getting swapped for fiat as soon as bitcoin starts going down and thus creates the same pattern.
One thing is for sure, there is no relation between the graphs being similar and bitcoin acting weird. The market in the whole world is not doing so great. We cant expect the money to stay in the crypto for any reason. Bitcoin is still not a guaranteed place for asset keeping.
One thing is for sure, there is no relation between the graphs being similar and bitcoin acting weird. The market in the whole world is not doing so great. We cant expect the money to stay in the crypto for any reason. Bitcoin is still not a guaranteed place for asset keeping.
This is the key point, you could be involved in crypto and maybe it is risky, we are seeing how risky it is right now because the markets are down, but can you say that stock market doesn't go down like this neither? It does go down and we need to realize that already.
It is what people see but not what they should do or recognize.What do they often see?
- In bull market, they see chance, not risk
- In bear market, they see risk, not recognize there are good times to find really good projects that will bring profit for their portfolio later.
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I have to say that crypto is doing great if you ask me, it is not going to be that difficult to recover from this, sure Luna will not recover but bitcoin or ethereum will recover. If I am so sure about that but not so sure about the stock market then it is clear for me to invest into which one. People need to realize it, this is still the least riskiest thing to invest into.
Crypto is still young. It will mature with time but it needs more time.If you believe it, it is time for you to strengthen your belief and increase your knowledge for more growth exponentially of cryptocurrency and blockchain technology.
when they are saying that bitcoin and ethereum are risky, they do not realize that the other options are even riskier. Like what should I do? Buy dollars and euros and hold that? Do you realize how risky that is?
We are literally losing value in those fiats and even more in other smaller ones, my own nations fiat is screwed for example and it is terrible, why would I buy that or invest into that and hope that interest rate would be fine? Of course I won't do that, bitcoin may look a bit risky and I get it, but that risk is lower than all the other options that we have right now and will not get any worse in the long run neither.
This is the key point, you could be involved in crypto and maybe it is risky, we are seeing how risky it is right now because the markets are down, but can you say that stock market doesn't go down like this neither? It does go down and we need to realize that already.We are literally losing value in those fiats and even more in other smaller ones, my own nations fiat is screwed for example and it is terrible, why would I buy that or invest into that and hope that interest rate would be fine? Of course I won't do that, bitcoin may look a bit risky and I get it, but that risk is lower than all the other options that we have right now and will not get any worse in the long run neither.
I have to say that crypto is doing great if you ask me, it is not going to be that difficult to recover from this, sure Luna will not recover but bitcoin or ethereum will recover. If I am so sure about that but not so sure about the stock market then it is clear for me to invest into which one. People need to realize it, this is still the least riskiest thing to invest into.
For those that bought at a high level this is the perfect moment to do some DCA and lower the average price at which they bought their bitcoin.
For example if someone bought at 60k and then they can buy the same amount of bitcoin for 30k then their average price will be 45k, if they can buy double than what they bought at 60k then their average price will be 40k, this is important because while it may take us some time to reach 60k again, reaching 40k should be way easier and may be reached during the next months allowing those people to finally reach a point of equilibrium.
For example if someone bought at 60k and then they can buy the same amount of bitcoin for 30k then their average price will be 45k, if they can buy double than what they bought at 60k then their average price will be 40k, this is important because while it may take us some time to reach 60k again, reaching 40k should be way easier and may be reached during the next months allowing those people to finally reach a point of equilibrium.
I like the strategy you presented here. This is good for those who are holders that have more money to spare in this market and has strong belief that btc will bounce back anytime in the future. As we touched the 30k level and for those who bought at this point, they will already see their profits once btc reaches the 35k level. That is, if they will sell at that level. However, if someone can hold off and wait for much better market situation, you can easily get very handsome profits and cover the losses that you will have for buying the high price level. At the end, it is up to the holder how he can strategize to possibly avoid deep losses in this market. If you will just blame and not do anything, you will surely lose big time without a fight.
Buying the dip is great when you have bought a good asset for a bad price as you can then reduce the average price at which you bought and then you can reach a breakeven point way sooner than what you could do by just holding your coins, now it can be difficult to do this at a psychological level as people are in a state of panic right now, but if you can overcome it then you will get profits way sooner than with other investment tactics.
The main digital currency has started this year with difficulties, after so many events worldwide, bitcoin has not managed to achieve the bullish objectives that many expected, was it is so much that have 15% loss and after this it has been exposed to large imbalances, it has gone from a maximum of $39,850 to a minimum of $36,665 in recent days, an event of great tension since breaking the resistance so as not to continue decreasing, would drag this to values of $29,620 and $28,060, which would confirm the pessimistic predictions.
I find it impressive what is happening in recent days with Bitcoin, its bearish state is causing a stir among analysts,It is not known exactly what surprise it will bring us, and it is not only the case of this cryptocurrency, Ethereum is also facing this behavior and it is estimated that if both continue with this scenario they could go from a difficult situation to a critical, leading them to have greater and greater losses.
But as always, nothing is written and anything could happen with these coins, as discussed in cryptobriefing
I would rather think of how crypto will behave in the long term, not short. It's definatelly at it's best, but that's not the first time this has been talked about. It's hard to say if this is just normal behaviour in a cycle or not, and it will probably be dubious for the rest of the year, but tbh we need to be long at a period of 3 years or more, not 6 months.
I find it impressive what is happening in recent days with Bitcoin, its bearish state is causing a stir among analysts,It is not known exactly what surprise it will bring us, and it is not only the case of this cryptocurrency, Ethereum is also facing this behavior and it is estimated that if both continue with this scenario they could go from a difficult situation to a critical, leading them to have greater and greater losses.
But as always, nothing is written and anything could happen with these coins, as discussed in cryptobriefing
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given the high volatility in the cryptocurrency market, the bearish thesis could be invalidated. Bitcoin would have to reclaim $38,000 for a chance to make higher highs, while Ethereum would need to slice through the $3,270 resistance level to stage a bullish
Now, I wonder what is the reason for this behavior? Why can't it go up to extremely high levels if it seems to be being used by more people?
Source: https://cryptobriefing.com/bitcoin-and-ethereum-are-at-risk-of-capitulation/?utm_source=feed&utm_medium=rss
Now, I wonder what is the reason for this behavior? Why can't it go up to extremely high levels if it seems to be being used by more people?
Source: https://cryptobriefing.com/bitcoin-and-ethereum-are-at-risk-of-capitulation/?utm_source=feed&utm_medium=rss
I would rather think of how crypto will behave in the long term, not short. It's definatelly at it's best, but that's not the first time this has been talked about. It's hard to say if this is just normal behaviour in a cycle or not, and it will probably be dubious for the rest of the year, but tbh we need to be long at a period of 3 years or more, not 6 months.
In this case, they experienced a deep correction even in the support area they couldn't hold it, so if we look at them now they plunged to $28k but in this case of course we don't lose if we don't panic and sell immediately.
we only have a shortage in your portfolio and as long as you don't sell assets and continue to hold them while believing that they will return to the way they were before it's not a loss in my opinion because all we need now is to be patient and wait
Bitcoin and ethereum are the leading coins in the cryptocurrency market. I do not think that something can happen to them, if only because there are no objective reasons for this. Of course, they can lose a lot of their value for a while. But it means practically nothing if we don't panic and make mistakes. Whoever holds these coins for a long time always wins.we only have a shortage in your portfolio and as long as you don't sell assets and continue to hold them while believing that they will return to the way they were before it's not a loss in my opinion because all we need now is to be patient and wait
Regardless of worthy or not as well as reputable or not of course we agree on this they are one of the most powerful at the moment.
and this is a temporary correction that people especially old holders don't really see.
As for panic, I don't think it's too panicky because they even reached their lowest point a few years ago, so why should we panic?
The Bitcoin and Ethereum has touch the support , base on the technical analysis, which most people are selling they assets under panic FOMO by they reason bitcoin will fall to $17,000. Which is very high risk involved by holding at that point, Therefore Bitcoin has future prospect, and market are gradually greening up, after bitcoin fall from $28,000 and making pull back to $30,000. which soon or later bear market we start.
This would be true if many people wanted it to happen. There are no other people who would want that to happen except those who have a lot of money, to begin with. So they can buy more of it. You are saying the risk exists way before anything else, so it's still best to consider other ways to prevent that, right?
We all don't want risk, so we want to take advantage of the market by checking if they will go up in price. Other coins have been skydiving now, and that's the risk involved in investing, and that's just reality. We cannot predict 100%.
The best way to stay alive in the market is to be emotionless and stop losses.
Plus, when they are saying that bitcoin and ethereum are risky, they do not realize that the other options are even riskier. Like what should I do? Buy dollars and euros and hold that? Do you realize how risky that is?We all don't want risk, so we want to take advantage of the market by checking if they will go up in price. Other coins have been skydiving now, and that's the risk involved in investing, and that's just reality. We cannot predict 100%.
The best way to stay alive in the market is to be emotionless and stop losses.
We are literally losing value in those fiats and even more in other smaller ones, my own nations fiat is screwed for example and it is terrible, why would I buy that or invest into that and hope that interest rate would be fine? Of course I won't do that, bitcoin may look a bit risky and I get it, but that risk is lower than all the other options that we have right now and will not get any worse in the long run neither.
In this case, they experienced a deep correction even in the support area they couldn't hold it, so if we look at them now they plunged to $28k but in this case of course we don't lose if we don't panic and sell immediately.
we only have a shortage in your portfolio and as long as you don't sell assets and continue to hold them while believing that they will return to the way they were before it's not a loss in my opinion because all we need now is to be patient and wait
Bitcoin and ethereum are the leading coins in the cryptocurrency market. I do not think that something can happen to them, if only because there are no objective reasons for this. Of course, they can lose a lot of their value for a while. But it means practically nothing if we don't panic and make mistakes. Whoever holds these coins for a long time always wins. we only have a shortage in your portfolio and as long as you don't sell assets and continue to hold them while believing that they will return to the way they were before it's not a loss in my opinion because all we need now is to be patient and wait
Let's say BTC goes to $29.000. So what? Strong hands will still HODL. I'd purchase more right now because this is a great time to buy cheap. Everything is temporary and once BTC grows again don't come here to cry how you sold it for nothing. I've been through so many ups and downs since 2013 that such movements don't impress me at all. If I were you I'd sell the FIAT instead 
From the level of the market going. Is good to buy any of the coins, but at the situation of bitcoin now is fusing in such that it red every thing time. You can buy low now and it continues to go lower. People is holding and brought when it's a 60,000 or 50,000 those people have lost alot of money. But the thing that will make them to gain it back is when they continue holding it until when every thing will rise and the profit will be get back. Because for now their in lost of investing in any of cryptocurrency. I understand the area of Fiat, are selling the fiat to get more coins? Or you are selling you coins to have fiat
In this case, they experienced a deep correction even in the support area they couldn't hold it, so if we look at them now they plunged to $28k but in this case of course we don't lose if we don't panic and sell immediately.
we only have a shortage in your portfolio and as long as you don't sell assets and continue to hold them while believing that they will return to the way they were before it's not a loss in my opinion because all we need now is to be patient and wait
we only have a shortage in your portfolio and as long as you don't sell assets and continue to hold them while believing that they will return to the way they were before it's not a loss in my opinion because all we need now is to be patient and wait
If you want big pumps then why bag hold a shitcoin for years to get a large profit? There are shitcoins that get pumped massively in a much shorter time. For example in the past 24 hours a shitcoin called SAFU got pumped 3100%
SAFU is not my kind of coin although my objective is to make money and not join any coin maximalists. Some won't confess the mistake/regret of not buying Doge before the pump, whereas those who did made a fortune. I don't trust any maximalist because 90% of them just play to gallery, decieving people while buying the so called shit coins.The point is that if someone is looking to make profit in altcoin market they don't need to bag hold the most advertised shitcoin hoping for the possibility of some day making a small profit. They can make massive profit on a daily basis with pretty much the same risks.
There really isn't any fundamental difference between shitcoins like DOGE and ETH and the rest apart from the fact that these two are overhyped and overpumped since they had better luck and a much better advertising/pumping team than the rest.
Dude only the long term matters.
In 2017 bitcoin's ATH was $20000 and today it is sitting at $33000 while Shitethereum was 0.15BTC and is currently sitting at 0.07BTC. Short terms ALL shitcoins are surprising for example while everything is dumping these days a completely random shitcoin called LDO got 30% pumped in the past hour.
I dont like to argue about the market dominance of any coin but the longterm has alot to say as you said. I am not touching bitcoin again in my own opinion, bitcoin cant make 10x from any cycle with the current price again. The last bull market push 60x for ethereum ($80 to $4800) while bitcoin made just a little above 20x (3200-69,000). Vitalik made some bad and late decisions in market but he is targeting gas fee of $0.05 after hardfork which should make many come back to the smart contract and its tradeIn 2017 bitcoin's ATH was $20000 and today it is sitting at $33000 while Shitethereum was 0.15BTC and is currently sitting at 0.07BTC. Short terms ALL shitcoins are surprising for example while everything is dumping these days a completely random shitcoin called LDO got 30% pumped in the past hour.
that's right. The current price drop is just a delay to bitcoin's rally, it may last but it won't last forever and bitcoin's dream of hitting 100k will come true when the bear season is over. We need to be patient and not panic at this time.
If the ETH upgrade happens this year and succeeds then I think the market will break out of the downtrend soon and a bull season will soon come.
You will not loss if you didn't sell at loss, the only reason why people loss is that they always sell at loss during the market is in bear season specially when the price drop drastically manu new investors do panic selling that leads them to losing a huge amount of asset. Bitcoin and ethereum is a good coin and it is proven and tested coin so i think it is not the btc and eth that can cause losses, the problem is in the holder of the coin.
your input is very reasonable, actually it's not bitcoin and ethereum that make losses, but we ourselves are not good at guarding, our mentality is not ready to accept all that, and we panic when the price drops, and we always think about it, and in the end we made the wrong decision, by selling bitcoin when the price fell, I have principles and I believe that after dark it will be bright, after red it will be green, before I enter the world of bitcoin I have prepared my mentality, so that it doesn't waver. 
You will not loss if you didn't sell at loss, the only reason why people loss is that they always sell at loss during the market is in bear season specially when the price drop drastically manu new investors do panic selling that leads them to losing a huge amount of asset. Bitcoin and ethereum is a good coin and it is proven and tested coin so i think it is not the btc and eth that can cause losses, the problem is in the holder of the coin.
I never said they should enter only when BTC is above $60k. Why would you even think that ?
Right now BTC is trading around $31k and so we should probably wait to see if there's no major dip again.
If bitcoin sustains this price and crosses $35k again then it will be a safe zone to invest some money.
We should make sure that BTC is sustaining the price above $35k to be on the safer side.
Waiting is one thing that really has to be done now but there is nothing wrong with continuing to pay in installments at the price we want now, in my opinion, because this is indeed very cheap compared to the previous ATH so there is nothing wrong with buying regularly now. but indeed if your research shows that bitcoin will still go a long way as long as you are sure to wait at that price it doesn't really matter now because it is also profitableRight now BTC is trading around $31k and so we should probably wait to see if there's no major dip again.
If bitcoin sustains this price and crosses $35k again then it will be a safe zone to invest some money.
We should make sure that BTC is sustaining the price above $35k to be on the safer side.
The price has dipped from $31k to as low as $27k since I made the previous post with the current price at $29k.
This is the dip I was waiting for and I think $25k - $29k is a really good range to buy some coins.
As you said, it's good to buy in installments i.e., buy some now and keep some fiat left if the price dumps further.
I never said they should enter only when BTC is above $60k. Why would you even think that ?
Right now BTC is trading around $31k and so we should probably wait to see if there's no major dip again.
If bitcoin sustains this price and crosses $35k again then it will be a safe zone to invest some money.
We should make sure that BTC is sustaining the price above $35k to be on the safer side.
Waiting is one thing that really has to be done now but there is nothing wrong with continuing to pay in installments at the price we want now, in my opinion, because this is indeed very cheap compared to the previous ATH so there is nothing wrong with buying regularly now. but indeed if your research shows that bitcoin will still go a long way as long as you are sure to wait at that price it doesn't really matter now because it is also profitable Right now BTC is trading around $31k and so we should probably wait to see if there's no major dip again.
If bitcoin sustains this price and crosses $35k again then it will be a safe zone to invest some money.
We should make sure that BTC is sustaining the price above $35k to be on the safer side.
/cut/
I have been buying and selling since BTC was at $3000 so it's not really a huge dump for me.
I have been buying and selling since BTC was at $3000 so it's not really a huge dump for me.
Nonetheless, you suggest people stay away from the market for the time being. What is your recommended time for them to enter the market? Once bitcoin reaches $ 60k again?
I don't think that's good advice.
I never said they should enter only when BTC is above $60k. Why would you even think that ?
Right now BTC is trading around $31k and so we should probably wait to see if there's no major dip again.
If bitcoin sustains this price and crosses $35k again then it will be a safe zone to invest some money.
We should make sure that BTC is sustaining the price above $35k to be on the safer side.
/cut/
I have been buying and selling since BTC was at $3000 so it's not really a huge dump for me.
I have been buying and selling since BTC was at $3000 so it's not really a huge dump for me.
Nonetheless, you suggest people stay away from the market for the time being. What is your recommended time for them to enter the market? Once bitcoin reaches $ 60k again?
I don't think that's good advice.
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