Topic: Bitcoin and Ethereum at risk of serious losses (Read 699 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
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
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.
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
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.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
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.
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.
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.but since you are not maximalist then you'll be safe in your strategy to by legit currency that shitcoins.
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 . 
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.
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.
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
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 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.
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.
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.
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.
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.
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.
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.
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. 
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 .
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.
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 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.
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.
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.
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.Volatility and unpredictability have been factors ever since. So people shouldn't be surprised.
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.
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.Volatility and unpredictability have been factors ever since. So people shouldn't be surprised.
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.
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
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.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
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.
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.
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.
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 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.
what people need to do is to understand to never ever use the highs to then cry about the lows.
in short yes ethereum will crash its value when it POS's but bitcoin wont crash to anywhere near the same scale
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.in short yes ethereum will crash its value when it POS's but bitcoin wont crash to anywhere near the same scale
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.
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.
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.
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.
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.
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. 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.
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.
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
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 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 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
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.
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.
Why does you posted a different time frame charts of BTC and ETH? If you're using same time frame you'll see the charts are same.
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.Why do you try to stick shitcoins to bitcoin?!!
Whenever bitcoin goes down all shitcoins including ethereum dump much harder. For example in the past 24 hours bitcoin dropped 1.6% while shitcoins like ethereum dumped 4+%.
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.Whenever bitcoin goes down all shitcoins including ethereum dump much harder. For example in the past 24 hours bitcoin dropped 1.6% while shitcoins like ethereum dumped 4+%.
Quote
Not to mention that the long term dumps of shitcoins like ethereum are still massive, in this particular case it has lost more than 60% in the past 4 years consistently going down despite all the short term desperate pumps.
If you look at any other shitcoin, they are behaving similarly. So don't try to separate this particular shitcoin and stick it to bitcoin alone!
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. If you look at any other shitcoin, they are behaving similarly. So don't try to separate this particular shitcoin and stick it to bitcoin alone!
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.
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.
Why do you try to stick shitcoins to bitcoin?!!
Whenever bitcoin goes down all shitcoins including ethereum dump much harder. For example in the past 24 hours bitcoin dropped 1.6% while shitcoins like ethereum dumped 4+%. Not to mention that the long term dumps of shitcoins like ethereum are still massive,
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.Whenever bitcoin goes down all shitcoins including ethereum dump much harder. For example in the past 24 hours bitcoin dropped 1.6% while shitcoins like ethereum dumped 4+%. Not to mention that the long term dumps of shitcoins like ethereum are still massive,
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.
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.
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
Why do you try to stick shitcoins to bitcoin?!!
Whenever bitcoin goes down all shitcoins including ethereum dump much harder. For example in the past 24 hours bitcoin dropped 1.6% while shitcoins like ethereum dumped 4+%. Not to mention that the long term dumps of shitcoins like ethereum are still massive,
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. Whenever bitcoin goes down all shitcoins including ethereum dump much harder. For example in the past 24 hours bitcoin dropped 1.6% while shitcoins like ethereum dumped 4+%. Not to mention that the long term dumps of shitcoins like ethereum are still massive,
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
Let's say BTC goes to $29.000. So what? Strong hands will still HODL. I'd purchase more right now because this is a great time to buy cheap. Everything is temporary and once BTC grows again don't come here to cry how you sold it for nothing. I've been through so many ups and downs since 2013 that such movements don't impress me at all. If I were you I'd sell the FIAT instead
Why do you try to stick shitcoins to bitcoin?!!
He is not doing this for the reason that he is personally convinced of it, but he has only copied a part of the article on the basis of which the entire post is composed anyway. Those who write things like this are not very intelligent, but neither are those who spread such propaganda on the forum.
This situation is not new, we have been in a bearish phase for about two months or more so it is not surprising that the price of Bitcoin will fall to this price and below as well, the same for Ethereum because it always follows the footsteps of Bitcoin, it is possible that this decline will continue below 30k$, especially after the US Federal Reserve’s decision to raise the interest rate, but this is not a problem with Bitcoin. It happened much more difficult than these things before, but Bitcoin managed to overcome all the difficulties and came back strong, so you do not have to worry, but you have to be more patient until the green color again.
Why do you try to stick shitcoins to bitcoin?!!
Whenever bitcoin goes down all shitcoins including ethereum dump much harder. For example in the past 24 hours bitcoin dropped 1.6% while shitcoins like ethereum dumped 4+%. Not to mention that the long term dumps of shitcoins like ethereum are still massive, in this particular case it has lost more than 60% in the past 4 years consistently going down despite all the short term desperate pumps.
If you look at any other shitcoin, they are behaving similarly. So don't try to separate this particular shitcoin and stick it to bitcoin alone!
Months ago when I was surprised and was fighting those who insisted that after 13 years bitcoin should abandon not-following any markets and start following US stock market, you should have been worried and surprised not now that their FUD efforts have succeeded in convincing people to panic sell due to US stock market burning to the ground.
Whenever bitcoin goes down all shitcoins including ethereum dump much harder. For example in the past 24 hours bitcoin dropped 1.6% while shitcoins like ethereum dumped 4+%. Not to mention that the long term dumps of shitcoins like ethereum are still massive, in this particular case it has lost more than 60% in the past 4 years consistently going down despite all the short term desperate pumps.
If you look at any other shitcoin, they are behaving similarly. So don't try to separate this particular shitcoin and stick it to bitcoin alone!
It is not known exactly what surprise it will bring us
Your mistake is that you think the surprise is the drop while forgetting all the things that led to the drop.Months ago when I was surprised and was fighting those who insisted that after 13 years bitcoin should abandon not-following any markets and start following US stock market, you should have been worried and surprised not now that their FUD efforts have succeeded in convincing people to panic sell due to US stock market burning to the ground.
So after like 6 straight weeks of red for the major cryptocurrencies and not to mention the S&P500 shitting the bed, this article writer thinks there will be more red as if it's some new discovered information lol.
As they say out there, let's not fall into madness. Of course, you don't have to be a genius to know that these cryptocurrencies are going through a critical moment and at the same time taking us with them... you can't know what is really happening, but if I'm sure of something, it's that sooner than later it will rise and hopefully more than expected since these have great volatility in the market.
We cannot despair and lose our peace of mind, if we feel fear it is advisable to remove a part and leave the rest, we have to see this as a long-term investment. since the only thing we can do is invest, support and wait for the benefits that will come.
We cannot despair and lose our peace of mind, if we feel fear it is advisable to remove a part and leave the rest, we have to see this as a long-term investment. since the only thing we can do is invest, support and wait for the benefits that will come.
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.
Volatility and unpredictability have been factors ever since. So people shouldn't be surprised.
Why does you posted a different time frame charts of BTC and ETH? If you're using same time frame you'll see the charts are same.
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.
The reason why this token faced same pattern because almost altcoins will follow Bitcoin, this is why ETH's chart is similar with BTC's chart. This token was supposed to overtake BTC on 2017-2018 where BTC goes crash and the domination is significantly drop. But since ETH can't overtake BTC, ETH will never overtake BTC even BTC will face a hard situation, ETH will always follow the same situation and wouldn't work otherwise.Quote
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?
Because of those articles and so called professional analysis predict Bitcoin will face bearish season in this year, including you. That's why many people sold his Bitcoin and wait until it hit the bottom to buy the dip.Quote
I find it impressive what is happening in recent days with Bitcoin, its bearish state is causing a stir among analysts,
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
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 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
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