Bitcoin and Ethereum at risk of serious losses - page 2.

pawanjain

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Nothing lasts forever

Quote from: RealMalatesta on May 09, 2022, 03:39:00 PM

Quote from: pawanjain on May 09, 2022, 08:14:16 AM

Bitcoin and Ethereum are falling and it has been quite some time now. There's nothing new to it.
We should just wait for a reversal to buy more and I guess until then it's better to stay away from the market.

P.S : Where are those people these days who say "I told you bitcoin is a scam and it will fall".
It's been quite some time since I have read those posts Grin

I do agree that there is a merit to the current situation and why it's down like this. I agree that the situation we are living right now could be a down moment and yes there are some people who are saying "I told so!" right now but you would be able to see any of them when it was 48k just recently, it wasn't that long ago, like maybe a month ago or so. Just realize that we are living in a moment when 30k+ is seen as "crashed" and how great that is.

I have to say I am feeling fine but that is probably because I bought way before the 2021 increase started, so as long as it is 20k+ I will feel fine. But you should be seeing me as an example of your own future if you buy now.

There was some sarcasm in my post and I meant that although bitcoin and ethereum are falling it doesn't mean that they won't rise again.
We have already seen worse in the history of bitcoin and these dumps are quite normal.
I have been buying and selling since BTC was at $3000 so it's not really a huge dump for me. Grin

Leviathan.007

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A few days and hours ago when this topic the created the op people were worried about bitcoin breaking the support area of 34K after breaking the area of 38K but today bitcoin is trading below the 30K price level which is a lot for many people but here there are some people they will start gathering the blood in the market and they will start increasing their bitcoin investing by using an amazing discount they got from the market, but on the other side of the story, some people are doing panic sell because they do not have a long term vision of the market, during these days people can choose to be on which side of the story.

peter0425

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Quote from: royalfestus on May 11, 2022, 03:22:17 AM

Quote from: pooya87 on May 11, 2022, 12:00:43 AM

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.

And that is only by chance , and maybe that is why he mentioned try to find shitcoins that can bring great return .
but since you are not maximalist then you'll be safe in your strategy to by legit currency that shitcoins.

Quote from: Lubang Bawah on May 10, 2022, 11:40:20 PM

Bitcoin and Cryptocurrencies are a very risky investment type, such as a few days that makes many investors panic so that it sells Bitcoin, this is what makes us must be wise and understand the risk when we invest in Bitcoin, the higher the chance of profit, the chances for loss are also high .

Let them sell their Bitcoin and we will continue to keep hold, this is when we need to follow our support and never let FUD and dumping market make us panicking .

crwth

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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.

TheNineClub

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Quote from: Wimex on May 08, 2022, 08:10:11 PM

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

Quote

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 breakout

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 wouldn't put too much thought into this as it's not telling of long-term movements. Oscillations like this on shorter time scales happen all the time, sometimes it's spikes like the ones in June or July last year, and some are like this. And the movement itself is nothing strange for the position we are in right now because it just seems like crypto is trying to find its definitive foothold before gaining some momentum again. And this could be the case for the most part of 2022.

Bodhinium

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Always trade from a position of strength.

Where is Bitcoin at? Here's my perspective with a Strenght Snapshot below on a 6 Day timeframe.

I exclusively look at a favorable combination of the profit zone, the strength snapshot, and the money flow.

1) Is Bitcoin in the profit zone to go long? No, it is not in the profit zone, the profit zone starts when the green line crosses up the white line on the chart.
2) Is the strenght snapshot moving up closer to 50? No, the strenght line is currently at 23 and crossed down the average strength line on April 1st (no joke) and is still red and moving down since then. USDT was favorable since April 1st.
3) Is the money flow positive? No, the money flow is far below 0 showing no strength at all.

In my opinion for Bitcoin to become somewhat into bullish terrain and reverse the downwards trend, the strenght line must move up the average strenght line, and be moving up closer to 50. The money flow must also be at least above 0, positive.

Always trade from a position of strength and don’t get rekt.

FairUser

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Some of the things people don't realize are that the fact that wealth is all around us is just an excuse to mislead us. Society has always had so many different divisions. Let's evaluate the problem in many dimensions and place yourself where you are. I'm not too knowledgeable about macroeconomic issues, but some realities are happening that make me feel good about myself as well as grateful for everything else around me, so regardless of good or bad situations, don't let them control you. And what we're going on now is that we don't look very comfortable because every day the losses continue and the people who are already happy with the game are still looking for new opportunities in the future.

royalfestus

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Quote from: pooya87 on May 11, 2022, 12:00:43 AM

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.

Xampeuu

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Quote from: Argoo on May 11, 2022, 01:53:36 AM

Quote from: royalfestus on May 10, 2022, 02:21:27 AM

Quote from: pooya87 on May 09, 2022, 05:57:28 AM

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 trade

In the cryptocurrency market, there is time for price growth, but there is also time for long falls. Now we see a bear market and no one knows how long it can last. Experts predict a possible fall of bitcoin to $24,000. It looks like our dream of seeing more than $100,000 worth of bitcoin soon is being delayed again. Indeed, with a large price value, it becomes very difficult for Bitcoin to grow at times. Ethereum has a number of advantages in this regard with its relatively low price. In a few months, we will finally be able to see the updated network of this coin, and then, it is likely that its popularity will return to it again.

if you look at the bitcoin chart, I think around $30k is a strong support, but we are still waiting whether this time it really becomes a reversal or will it break again so the price drops again. I think that the next $20k will become support again. If you look at it previously, this area is an area that is resistant to become support, and has the potential to make a profit for traders. but again we can only predict it, if it's still wrong of course we have to prepare a plan B to take the risk

Argoo

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Quote from: royalfestus on May 10, 2022, 02:21:27 AM

Quote from: pooya87 on May 09, 2022, 05:57:28 AM

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 trade

In the cryptocurrency market, there is time for price growth, but there is also time for long falls. Now we see a bear market and no one knows how long it can last. Experts predict a possible fall of bitcoin to $24,000. It looks like our dream of seeing more than $100,000 worth of bitcoin soon is being delayed again. Indeed, with a large price value, it becomes very difficult for Bitcoin to grow at times. Ethereum has a number of advantages in this regard with its relatively low price. In a few months, we will finally be able to see the updated network of this coin, and then, it is likely that its popularity will return to it again.

pooya87

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Quote from: royalfestus on May 10, 2022, 02:21:27 AM

The last bull market push 60x for ethereum ($80 to $4800) while bitcoin made just a little above 20x (3200-69,000).

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%

Quote

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 trade

Vitalik was promising ETH fees to never go above 5 cents from the day he created his shitcoin. He never answered why fees went to $50 though. The hardfork is just a way to give him money because he owns a big portion of the 72 million premine and PoS rewards those who hold more of the shitcoin.

Lubang Bawah

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Bitcoin and Cryptocurrencies are a very risky investment type, such as a few days that makes many investors panic so that it sells Bitcoin, this is what makes us must be wise and understand the risk when we invest in Bitcoin, the higher the chance of profit, the chances for loss are also high .

Judy Bishop

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This is not the first time that the crypto currencies are experiencing a fall in prices. And I am hopeful that the market will recover soon. Bitcoin and Ethereum being the most valuable crypto currencies will surely bunch back and the value will be rising. So I would say it may not be a right decision to miss this opportunity as buying low is the sign of a wise investor.

royalfestus

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Quote from: pooya87 on May 09, 2022, 05:57:28 AM

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 trade

GreatArkansas

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Quote from: naira on May 09, 2022, 03:21:12 PM

Talking about Bitcoin growth one day is not enough buddy. We've already reached ATH this year. What should we achieve? Are you saying it didn't work? Come on, Bitcoin doesn't take you a day to learn how to show movement. On the other hand, I'm asking whether it was BItcoin that failed or it was you who failed to take the position?
(....)

+1. If you want a long-term perspective, we really must zoom out the charts and use a higher timeframe. To be honest, Bitcoin is a big player since the beginning. What we are experiencing now for sure is just a pullback that will make Bitcoin become natural and healthy. These dips are temporary.
Bitcoin is really proven since the beginning, with a huge percentage of loss from its all-time-high but still manage to create multiple all-time-high over the time.

topman21

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Reducing the abnormal prices in all markets is causing a lot of panic among those who have invested in cryptocurrencies.So far no one was able to send in the perfect solution, which is not strange.But keep in mind that the market will definitely go better. And those who want to invest, so you can invest or invest right now.The crisis moment must end and you will see something better.

24Kt

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Quote from: wxa7115 on May 09, 2022, 03:54:34 PM

Quote from: Fundamentals Of on May 08, 2022, 09:06:09 PM

If you bought at the $60,000 level then you are already losing a lot. You may have even lost 50% of your money already. But everything is just paper loss. It cannot be the final value of your Bitcoin portfolio unless you decide to call it quits and sell them. So the best thing for now is to strengthen your hands and hold on. If you can successfully weather this storm, then you will eventually see a positive return of your investment sooner or later.

Volatility and unpredictability have been factors ever since. So people shouldn't be surprised.

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.

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.

wxa7115

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Bitcoin is GOD

Quote from: Fundamentals Of on May 08, 2022, 09:06:09 PM

If you bought at the $60,000 level then you are already losing a lot. You may have even lost 50% of your money already. But everything is just paper loss. It cannot be the final value of your Bitcoin portfolio unless you decide to call it quits and sell them. So the best thing for now is to strengthen your hands and hold on. If you can successfully weather this storm, then you will eventually see a positive return of your investment sooner or later.

Volatility and unpredictability have been factors ever since. So people shouldn't be surprised.

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.

RealMalatesta

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Quote from: pawanjain on May 09, 2022, 08:14:16 AM

Bitcoin and Ethereum are falling and it has been quite some time now. There's nothing new to it.
We should just wait for a reversal to buy more and I guess until then it's better to stay away from the market.

P.S : Where are those people these days who say "I told you bitcoin is a scam and it will fall".
It's been quite some time since I have read those posts Grin

I do agree that there is a merit to the current situation and why it's down like this. I agree that the situation we are living right now could be a down moment and yes there are some people who are saying "I told so!" right now but you would be able to see any of them when it was 48k just recently, it wasn't that long ago, like maybe a month ago or so. Just realize that we are living in a moment when 30k+ is seen as "crashed" and how great that is.

I have to say I am feeling fine but that is probably because I bought way before the 2021 increase started, so as long as it is 20k+ I will feel fine. But you should be seeing me as an example of your own future if you buy now.

naira

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Talking about Bitcoin growth one day is not enough buddy. We've already reached ATH this year. What should we achieve? Are you saying it didn't work? Come on, Bitcoin doesn't take you a day to learn how to show movement. On the other hand, I'm asking whether it was BItcoin that failed or it was you who failed to take the position?

Even if there is a deep correction, it is because the tide has changed. Are you not satisfied with a fantastic bull run? significant mass adoption, positive news everywhere. Do not compare the current decline with the improvement we have achieved so far.

Topic: Bitcoin and Ethereum at risk of serious losses - page 2. (Read 699 times)