Bitcoin crashed below $48K, is the bull market in danger? - page 2.

UserU

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Quote from: Oilacris on February 24, 2021, 03:52:07 PM

$45k as its lowest but look at on how fast it did able to recover? I cant blame to those people who do think off that this might be the big crash but it didnt really happen.

The price had able to cling up and pass 50k price in no time and now we are seeing some casual rise and decrease of prices which it isnt surprising.
Bull market in danger? As long the demand is still on the same intensity or supports are strong then i dont really see the chance.

Always take precaution on your investment decisions though.

Yup, let's see how it goes. Just to be safe, DCA (I bought some alts during the dip). Just in case it shoots up again and then the regret starts kicking in.

Earlier today, I read an article (forgot the link) about Bitcoin HODLers from the pre-2018 crash are more resilient so they're less likely to sell off

carlfebz2

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Quote from: LUCKMCFLY on February 24, 2021, 09:23:47 PM

Quote from: Oilacris on February 24, 2021, 03:52:07 PM

Quote from: digifinex.official on February 22, 2021, 09:25:48 PM

Bitcoin price dropped below $48,000 in a major correction on Monday right before the U.S. market open.

https://cointelegraph.com/news/bitcoin-price-crashes-below-48k-but-is-the-bull-market-in-danger

$45k as its lowest but look at on how fast it did able to recover? I cant blame to those people who do think off that this might be the big crash but it didnt really happen.

The price had able to cling up and pass 50k price in no time and now we are seeing some casual rise and decrease of prices which it isnt surprising.
Bull market in danger? As long the demand is still on the same intensity or supports are strong then i dont really see the chance.

Always take precaution on your investment decisions though.

The market at the moment is where many people can panic, of course sometimes I think they are looking to lower the price a bit so that the strong hands or whales can buy cheaper and thus take the bitcoin from the weak hands, this guy of strategies are very common in any speculative market.

Common sell off point!

Once this thing is over where the market is really shaking off those weak hands then it would eventually recovers and thats what happened on the current situation
we are in where it did dip -10k and just recovered back to 50k level again.

To those who had able to buy cheap coins then they do able to make profit in a short time.Bull market is in danger? You should always anticipate
for this thing to happen because we wont really able to see a market that would be having continous rise.

So be prepared and be smart always.

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Quote from: LUCKMCFLY on February 24, 2021, 09:23:47 PM

The market at the moment is where many people can panic, of course sometimes I think they are looking to lower the price a bit so that the strong hands or whales can buy cheaper and thus take the bitcoin from the weak hands, this guy of strategies are very common in any speculative market.

Yeah, it literally failed to go under 45k lately, that is the type of power we have in crypto right now, people are quite happy with what is going on, I am not saying that it is a good or bad situation but I feel like it is definitely something worthy of buying right now since it is looking to give a recovery signal.

Do not really care about people who keep saying that bitcoin will go down, they are people who want bitcoin down so that they can buy cheap, if you have seen bitcoin at 60k, and it drops to 15k, you could buy it and wait for it to become 60k again which is likely to happen anyway, so you could 4x your profit, but when it is 45k and goes to 60k you only make 25% profit, so some people who missed out on this great bull run wants it to go down in order to buy a lot and profit a lot in the future, but just because they wish that doesn't mean it will happen.

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Quote from: Oilacris on February 24, 2021, 03:52:07 PM

Quote from: digifinex.official on February 22, 2021, 09:25:48 PM

Bitcoin price dropped below $48,000 in a major correction on Monday right before the U.S. market open.

https://cointelegraph.com/news/bitcoin-price-crashes-below-48k-but-is-the-bull-market-in-danger

$45k as its lowest but look at on how fast it did able to recover? I cant blame to those people who do think off that this might be the big crash but it didnt really happen.

The price had able to cling up and pass 50k price in no time and now we are seeing some casual rise and decrease of prices which it isnt surprising.
Bull market in danger? As long the demand is still on the same intensity or supports are strong then i dont really see the chance.

Always take precaution on your investment decisions though.

The market at the moment is where many people can panic, of course sometimes I think they are looking to lower the price a bit so that the strong hands or whales can buy cheaper and thus take the bitcoin from the weak hands, this guy of strategies are very common in any speculative market.

Oilacris

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Quote from: digifinex.official on February 22, 2021, 09:25:48 PM

Bitcoin price dropped below $48,000 in a major correction on Monday right before the U.S. market open.

https://cointelegraph.com/news/bitcoin-price-crashes-below-48k-but-is-the-bull-market-in-danger

$45k as its lowest but look at on how fast it did able to recover? I cant blame to those people who do think off that this might be the big crash but it didnt really happen.

The price had able to cling up and pass 50k price in no time and now we are seeing some casual rise and decrease of prices which it isnt surprising.
Bull market in danger? As long the demand is still on the same intensity or supports are strong then i dont really see the chance.

Always take precaution on your investment decisions though.

Shohanur

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At the time of correction, the price of bitcoin can down for some days but it is not a matter of tension. Bitcoin is connecting more people with it and it will be continuing. So, I think price will rise again very soon.

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Quote from: torrantz on February 23, 2021, 02:12:04 AM

Honestly I doubt the price could crash below $45K

Sure it could, but no I don't think any correction that happens in any raging bull market is cause for concern. There's been absolutely no negative news and nothing I can see that would pop this bubble (it might not be a bubble, but you know what I mean).

People are just taking their profits off the table after having made a lot of money--and there are probably silly panic sellers as well driving the price down. But all in all I don't think the bull has stopped charging; it's just taking a breather and will resume once it catches its breath. I'm thinking bitcoin could probably be near $75k by the end of the year, but we'll see.

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Quote from: digifinex.official on February 22, 2021, 09:25:48 PM

Bitcoin price dropped below $48,000 in a major correction on Monday right before the U.S. market open.

https://cointelegraph.com/news/bitcoin-price-crashes-below-48k-but-is-the-bull-market-in-danger

It is really hard to predict the price of the bitcoin right now maybe it can be more below than that but in my own opinion since most of the companies started to invest into bitcoin even though the bull run stopped this is just the beginning for those who really wants to invest their money into bitcoin too they just giving another chance to buy it's sad that the momentum of the hype was gone but it was for the good for other's let's give them a chance for those newly investors who wants to buy. But you can't tell them to invest when the price drop more often they will just got panic for sure .

thecodebear

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No haha the bull market is not in danger. The price just went up $20k in two weeks after coming out of the first major correction of the main bull run, so people sold which allows the market to find support in apparently the mid-$40,000s, after support just a month ago was found just under $30k. If anything this shows great strength for the bull market - in one month support is $15,000 higher!

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Quote from: vintages on February 24, 2021, 04:03:47 AM

Quote from: AGD on February 23, 2021, 02:19:41 AM

I'll be there (once again) to collect the cheap coins at 15k and lower. Thanks in advance Elon and your fanclub. Grin

Hahaha. 15k and lower? Nah, don't think it will dump that low.
I do say maybe 35k or even 30k but not below. If price go that low, I can imagine so much panic and rush sells with all the negative comments from so many anti-bitcoins.

The lowest we got as far as percentage is 23% is the current dip ($57k-$45k) so that is mid-level price correction. So to go crash like 50%, the price should be around $28,500, but that is the worst case scenario, which I doubt will happen given the current sentiments of investors and traders. Not unless we will see some kind of effect like the covid-19 which crashed the market to more than 60%.

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Quote from: AGD on February 23, 2021, 02:19:41 AM

I'll be there (once again) to collect the cheap coins at 15k and lower. Thanks in advance Elon and your fanclub. Grin

Hahaha. 15k and lower? Nah, don't think it will dump that low.
I do say maybe 35k or even 30k but not below. If price go that low, I can imagine so much panic and rush sells with all the negative comments from so many anti-bitcoins.

posi

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It's sad that in spite of all the momentum and the price movement of the previous ATH market people still don't understand that market correction very important in strengthening the market instead of making good use of the dump in the price of the market all they could do is panic and ask a series question/doubt about the market stance.
With that been said, the market is healthy for the market to present a good bullish trend.

crzy

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There's no need to panic, that's just a correction and right now we're back to the level of $50k.
We might not sure about the future of Bitcoin, but you have always need to anticipate that the market will always go up and down, and only time can tell.

Quote from: proudhon on February 23, 2021, 07:48:41 PM

There is no more bull market. It's been mathematically proven by science that we're in THE bear market now.

So what can we call about the peak trend of this market? A Bubble? Lol. There's a bull and bear mate, that's what we call it so people can easily understand the trend.

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Quote from: digifinex.official on February 22, 2021, 09:25:48 PM

Bitcoin price dropped below $48,000 in a major correction on Monday right before the U.S. market open.

https://cointelegraph.com/news/bitcoin-price-crashes-below-48k-but-is-the-bull-market-in-danger

There is no risk, without a doubt the correction was very important and there were times in which the price went as low as 46k but just a few hours later the price is once again above 50k, this should show to anyone that as soon as the price goes down there are a bunch of bulls willing to buy all of those coins despite the huge price, to me this is a very bullish sign which tell us that bitcoin is still ready to make upward movements as soon as the right circumstances appear on the market.

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Quote from: mindrust on February 23, 2021, 01:26:12 PM

Stocks are making a nosedive too. Could be the everything bubble popping. I remember I warned people few days ago. But what do i know...

Well I listened to you and had sold my coins in 56k and bought back when the price dive at 45k , Now i am looking for at least 52k to sell out again and will re invest once dive happens back.
I think Traders are making good profit now specially those big traders because the price fluctuate and goes up and down multiple times now since 2 days ago.
I think that there are more to come from this patter.

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There is no more bull market. It's been mathematically proven by science that we're in THE bear market now.

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Its not really a larger move yet, its sudden but dont count just one day by itself. A proper alteration in course is something that confirms a few times just like there is a few clues to a continued rise and bullish trend,
I've drawn in a downtrend and believe it or not I put it in yesterday expecting it to be broke and the up movement continues in just a few hours. So after a day or so I'm looking at this trend and its being challenged, hence we could recover the positive. Below is 45.3k I think is about a moving average, alone thats not a reason for a low to form as I say above a message arrives more then once if its reliable.

Anyhow heres the very rough downtrend and its quite short term and not supposed to be especially precise or serious just a pattern of lows. Staying above blue line is 12hr average, so some sign we regain positive momentum, about 51k or so is 2 day average again notable for positive trend. Ignore any additions, simply price went sideways for a while now and it can do something different when its out run a few negative projections like this, adjustment over time after price correction that'd be I guess.

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If you were just new in this market, certainly sudden down on the prices of cryptocurrency specially with Bitcoin will cause you to get easily into panic but if you have stayed right here for quite already sometime, surely you will just state it is just normal for the fact that ever since its existence, it is expected that upon having a bull run, there would really time to come that the market will experience sudden dip but it doesn't certainly mean to be that bad for it is just a natural occuring scenario in this industry for quite sometime so you do not have to worry anything about. Just better grab the opportunity of buying while it is somehow cheaper and wait until it pumps up once again. But better see to observe the market movement well so you have better options on when to buy so that when pump comes, you can have a better gain too.

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Quote from: DIA7 on February 23, 2021, 05:28:00 AM

i think if bitcoin dips below 30k mark then we will be in trouble. for the time being bull market run is not in danger its just doing some correction and then it will go and recover to much higher levels.
im going to watch the market for little more wait for it to drop little bit more before start buying.

I don't think then we will be in trouble, there is heavy demand „The normal bitcoin madness“

What at first glance looks like a massive slump is almost normal with Bitcoin. Slumps of ten percent and more are not uncommon, at the same time the price of the crypto currency can quickly go through the roof when the news is right. Allianz boss Oliver Bäte put it this way at the company's annual press conference last week: "Some celebrity buys some Bitcoin and then the prices for these assets explode," says the Allianz boss. "That's pretty crazy, we really have to be careful."

Yes, it is really crazy. But in the end it is just the consequence of the huge amount of cheap money that central banks around the world are pumping into the markets. It has to go somewhere, and more and more investors and especially more and more Big investors are investing it in Bitcoin.

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There was also a big tech stock sell-off today.

A lot of tech investors will probably also hold Bitcoin in that sort of portfolio.

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