Topic: Bitcoin and Ethereum at risk of serious losses - page 3. (Read 689 times)

After seeing your comment, I zoomed in on the chart to get a clear picture and from what I could deduce in the picture, it's a graph that looks at a 1day period for each candle and spans through several months.

What OP considered in this chart is places (high or low) where prize actually touched or retested from due to the activities of the other parties being the bulls or bears (depending of the prospective of analysis up or down) came in pushed prize back to where the candle closed on that period.

Your right on this, in predicting a low, you just get to watchout for breakouts on either the bearish trendlines and vice versa for bullish. Although, having th both just gives a full picture of what have happened in the market within a period.

About the fall, can we say it's what's happening right now and it's hoped to continue... its really bad seeing this blood stains in the chats but, the buying opportunity is set!

Are we not familiar with this situation? The market is definitely in bear mode and bleeding hard. Isn't that an opportunity to accumulate more Bitcoin? This opportunity comes again and again, but we can't take advantage of that dump due to fear. That's our habit becomes negative when the market becomes red, many will predict a downtrend to spread FUD. No matter what is the reason for the current dump, this is an opportunity for us to make some profits. I am not worried really about the market, hope we can get the advantage of that.

I remember back in 2018, we had a similar scenario where the prices of most cryptocurrencies crashed on the market. Though there have been losses across millions of $$$, this indeed is a good opportunity to invest for either small or big-time investors. The 16% decrease on its price since the start of this year is not new- that is why I heavily recommend for users to start investing in this bearish phase for either short or long-term gains.

Again, volatility is what cryptocurrencies are known for. Rather than see this as a negative outcome, take this as an opportunity to invest and purchase more on the process.

When people start making funny predictions like this.. That's when these guys will come in and pump the market a little, Liquidate shorts. Some counter trade the market sentiments. When the price of bitcoin was 41k and no one saw 35k as even possible, when every one must have sold there bags and ready for 30k and below then you will btc back to 50k zone. Manipulation at its peak, you just have to ride with them you can't beat them

Now how is this important?
For the traders, for sure but for other holders it might not be matter a concern but it would actually be an *opportunity* for them to buy more coins in the market and trade at a better price since the market is honestly volatile and even if it goes down 8%, normally one can make 4% profit in few hours, therefore the way I see it, is not a bad time.
*It's not on a course of correction*
What correction are you talking about? There is a lot of updates regarding the bitcoin being accepted in many countries at the same time the mining is also being accepted world wide and some countries are also seeing government being engaging in the same..I think what we are about to see is much higher price sooner.

Bitcoin is on a course correction. As many alt coins have emerged in last year and many governments have bought stringent laws for regulation of crypto, the crypto is showing a bearish run. But eventually the speculative market will come to a dead end and the scam coins will die off. The investor will return back to bitcoin. More inclusion of bitcoin in formal economy will further strengthen the bitcoin and I believe that the best highs of bitcoin are yet to come

There is a worldwide deleveraging event occurring. We are in the covid hangover and have been for the last few months. There are tons of liquidations combined with shorting. Eventually the shorts have to cover their bets which should cause a rebound and then we are in a brand new market.

Yes, if we have experienced an incident like this in the past, of course we will not panic anymore with an incident like this. Experienced traders are always optimistic about success in crypto, often surprises come unexpectedly. some of the analysis done is not accurate, but for the prevention of losses is to hold in the long term until the market pumps back.

this is a condition we have to control our emotions in trading, every time an event occurs with crypto, whether the ups and downs of the market is a risk that we must face. The market doesn't always go up and it doesn't always go down. every time the market goes up, it will definitely find resistance and the market objective will again form a support line. those of us who invest in bitcoin and eth must be able to hold on for the long term, with market conditions like this, don't sell if you are still losing money.

if we learn from the previous bearish season, there will be a lot of fud news popping up. on the other hand there will be many people who are afraid to buy, and experience panic selling. but whether this will continue, I think in time the bullish season will come and we can celebrate the victory of our patience. bitcoin if we look at Fibonacci, maybe around $26k for 61% points, and we can take the opportunity to buy

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 

bitcoin value window of 2021-2022 of $30k$70k still fits the price.. the price still fits inside this value window,

although this month new gen asics are arriving that are more efficient that have the potential to bring the value window of acquiring fresh coin down below $30k(for those with base level mining costs and if hashrate goes below 200exa).. the hashrate is rising which should bring that bottom into alignment with the window. and if the hashrate continues to rise so will the window

the price support of ~$38k broke because new asics came online meaning those with mining costs of $38k now have mining costs a little lower. meaning they can mine and sell for less..
this is temporary.

forget looking at market charts and drawing silly patterns especially if the lines are meaningless.
instead look at real fundamentals behind the scenes
and i mean mining costs of different regions and also different hardware.. i dont mean the speculative price altering drama of twitter.
the fundamentals help shape the support levels and the 'bottom' value.
forget about the price charts and the 'tops', because they are they are silly, speculative, volatile and random and unpredictable.

They can have same fractal but they have difference changes in percent. Bitcoin falls will triggers massacre on the market. Ethereum is not an exception and when the market is bleeding, altcoins including Ethereum will suffer worse falls than Bitcoin.

People think they can earn more with shitcoins than with Bitcoin. They don't know that Bitcoin is the strongest, the best and the leader of crypto market.

Shitcoins have worse performance than top altcoins like Ethereum in bear market. They get their values from hypes so when bear market is in, they lose their values very quickly.

Does this year repeat like 2018, this is a great opportunity to buy bitcoin maybe the big whale is waiting for the lowest price and they buy bitcoin in large quantities and they store it in the long term, I'm also waiting for that opportunity and let the next one or two years regret not taking advantage It's an opportunity like now.

Some years back when such events comes we feel is the last time for cryptocurrency because they went down drastically Even more than Bitcoin same time people panicking from all angles and making different analysis with their own ideology. I have this comfortability that is just a threat common threatening were the whales want to take over the market by causing serious distraction from it.
It is time to buy and hold bitcoin before the next movement and this may be the last point at which you could only buy 32k.

You took the timeframe that proves the theory, you drew the lines in a way to prove the theory.
You could have been easily drawn the lines in a couple of different ways getting to different conclusion/tone, without proving anything.

It's easy to talk about loses while the price is falling. If the price would be rising, you probably would have building up the chart different.



And now, everybody feeling gloomy about the price: just zoom out fully.

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.

you are kidding me right
ethereum cost of mining right now is a couple thousand dollars per coin..
where then speculation(emotion/sentiment volatility) adds on another $500 (25%)

after the detonation into POS the cost of mining ethereum will be under a couple dollars. meaning a value drop of 1000x
where if the POS low cost mining is $2 then the speculative price would be 25% higher at $2.50

the change to pos will NOT be a good effect on the token

everyone POS acquiring new coin, where its costing them a very small fraction of daily electric just to keep their lame pc's online. will get mega profit selling their $2 cost coin for $2k+ initially which ends up with lots then selling that coin in a massive landslide.
do not expect ethereums price to remain at the $2.5k level for long, after detonation.
you are better off selling it now, investing in something else and if you really love ethereum buy it up super cheap after the detonation so that you can get multiple coin for the same money

Ethereum might have done bad on a daily dump but had been surprising since market bear and still hold better from previous ATH at 50% compare with bitcoin at 52% dump. I believe the postponement of the hardfork has a bad effect on the coin, the prove of stake has a good effect on the token. It could be very bad when reward will start distribution but at the moment is doing better.

gotta love the people that zoom in on charts. and then draw meaningless lines

take the chart quoted above. that bottom black line is meaningless. because it is not attached to any price data related to the lows.. yet wants to define what the lows should be.. (very strange methodology)

what is done is they lined up the random speculative highs of the short period and then threw in a line below that parallels the highs.. it not attached to any bottoms of the last year.. also the 'scale' gap from the top line is not a justified amount either.. who chose the scale of the gap between the two lines..

what people need to do is to understand to never ever use the highs to then cry about the lows.

instead forget the high's.. pretend the highs dont exist.
and instead zoom out the chart. and then draw a line between the yearly lows.

and follow the lows along a line that corresponds to the lows. where by the line has actually something to do with the lows.and so is actually about the lows.

with that said..
bitcoin is safe within its known value window (no im not talking about the price chart of meaningless lines crap).
ethereum is about to detonate into PoS where their value window is going to drop 1000x

in short yes ethereum will crash its value when it POS's but bitcoin wont crash to anywhere near the same scale