Bitcoin crashed below $48K, is the bull market in danger?

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Quote from: Red Pie on March 01, 2021, 12:53:09 PM

bnb can rival ethereum. I think it needs some time. If we look at network density and fee amounts, BSC seems to be more popular now. It is difficult for bnb Price to reach ethereum anytime soon. these are my thoughts.

altcoins such as BNB and ETH thrive on hype because they can only go up in price if they get pumped. with ETH losing its main hyping source which was the token creation by the name of ICO it doesn't have the same pumping power as before. meanwhile BNB has binance pumping it and with this exchange growing it can get bigger pumps until binance dies.

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About 49k would be a good measure to hold as a low right now, its around the weekly average and a few other takes that could form an upper edge to range of BTC price action. I wouldnt say its in danger especially just standard revision in pricing after alot of rises.

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Quote from: RealMalatesta on March 01, 2021, 09:57:39 AM

Quote from: Red Pie on March 01, 2021, 06:58:43 AM

It experienced a rebound after seeing the $ 43k levels. Now at $ 47k levels. I think the bull season is not in danger yet. we are still in it. It would be wiser to talk about these once we get down to below $ 20k. I think this not ‘Crash’

Today looks like the day where bitcoin has finally recovered, I know it is barely over 47k levels and it is not doing awesome but the reality is that we have reached so much lower levels and it is 5% higher right now as well.
Looking at Eth for example, it is 11% higher today as well and looking at everything else, we are really doing awesome, only "coin" that is not doing great right now is USDT because everyone traded into USDT when they wanted to get out and now they are trading back to crypto which means they are selling their USDT, and since it is not something that drops under 0.98 or so easily (arbitrage prevents it) that is not dropping much neither, just 0.1% or something.

I am most happy about BNB, that was third ranked coin with a huge potential and just as it was on the rise, market crashed and stopped it is well deserved increase, if given a bit more time it could even rival ETH as well.

bnb can rival ethereum. I think it needs some time. If we look at network density and fee amounts, BSC seems to be more popular now. It is difficult for bnb Price to reach ethereum anytime soon. these are my thoughts.

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Quote from: Red Pie on March 01, 2021, 06:58:43 AM

It experienced a rebound after seeing the $ 43k levels. Now at $ 47k levels. I think the bull season is not in danger yet. we are still in it. It would be wiser to talk about these once we get down to below $ 20k. I think this not ‘Crash’

Today looks like the day where bitcoin has finally recovered, I know it is barely over 47k levels and it is not doing awesome but the reality is that we have reached so much lower levels and it is 5% higher right now as well.
Looking at Eth for example, it is 11% higher today as well and looking at everything else, we are really doing awesome, only "coin" that is not doing great right now is USDT because everyone traded into USDT when they wanted to get out and now they are trading back to crypto which means they are selling their USDT, and since it is not something that drops under 0.98 or so easily (arbitrage prevents it) that is not dropping much neither, just 0.1% or something.

I am most happy about BNB, that was third ranked coin with a huge potential and just as it was on the rise, market crashed and stopped it is well deserved increase, if given a bit more time it could even rival ETH as well.

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Quote from: Red Pie on March 01, 2021, 06:58:43 AM

It experienced a rebound after seeing the $ 43k levels. Now at $ 47k levels. I think the bull season is not in danger yet. we are still in it. It would be wiser to talk about these once we get down to below $ 20k. I think this not ‘Crash’

I wouldn't think it is on verge of danger as well because what we are all just experiencing now is a correction yet some people are already panicking that bear might come. For a couple of days, Bitcoin was hovering around $43k causing some fear for everyone that it might continue to dump, and now that it bounces back to $47k seems everyone is getting back on their feet. I congratulate those who benefit from this dip, taking an opportunity to buy, and now they making a profit.

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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

But it is now claiming the price again climbing more than 3k in just 2 days . https://coinmarketcap.com/currencies/bitcoin/

The price fell down to 43,000$ recently but now that we are getting good again , Bitcoin is sitting at 47,900$ as i speak .

Quote

I'm still confident that we are only at Correction and in any moment we will climb high back again.

and also i know that This year is a Bitcoin season.

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It experienced a rebound after seeing the $ 43k levels. Now at $ 47k levels. I think the bull season is not in danger yet. we are still in it. It would be wiser to talk about these once we get down to below $ 20k. I think this not ‘Crash’

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Quote from: UserU on March 01, 2021, 04:00:15 AM

Back to over 47K once again, the dip was a good buy. The support is more impressive than I initially thought

At the same time, couldn't get to buy some alts while they dipped

The dip in a hours ago can bring us a good profit if we buy at that price to sell it right now. But I guess that the price will be up and down again in the next few hours. It seems the bitcoin price is not stable and it still fluctuates many times. So congratulations to traders who already bought at the $45k level. Now they are making a profit Grin

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price drop at 48k and you call that a major correction ? but how much was the price last time . if im not wrong it was at 50k something and the difference was only small but small or big changes in value can somehow affect the bull run and it was in danger because there is a possibility that the 48k drop can go for more .

checking the price by now and it was now 47k , atleast the decrease were not fast as the last time decrease that we experience . we can feel that there is something that holds the price for it to not drop faster . hmm what could it be

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Quote from: UserU on March 01, 2021, 04:00:15 AM

Back to over 47K once again, the dip was a good buy. The support is more impressive than I initially thought

At the same time, couldn't get to buy some alts while they dipped

Today some whales are wake up in the market so again we see this good impact of BTC and altcoins and most of the alts are follow the BTC way, But it take some times so we are buy this situation it make good revenue on upcoming days.
All the traders are concentrate the desire projects so reddish coins are not a perfect choice for current traffic. I hope we are all see some better results on future.

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Quote from: ?? on ??

I just saw in a chart that March is a correction month and will bring a lot of dip in the market, I don't want to cause a FUD here, in fact, I'm hoping that the price will not dip further, and things will be different, compared to what happened in the past, I hope the scenario is much better compared in the past.

Nah, corrections are healthy. In fact, I'd also worry if the price continues to climb until 100K without stopping.

It's the same cycle when people realize their gains, cashout and the cycle repeats.

UserU

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Back to over 47K once again, the dip was a good buy. The support is more impressive than I initially thought

At the same time, couldn't get to buy some alts while they dipped

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Quote from: arufox on February 28, 2021, 04:10:25 PM

This is normal movement, after bull market for long, Bitcoin needs to rest before more jump. We all know that this moment will come but of course not a dangerous area. I think this is a big chance, Buy dip and HOLD and you will be a winner

This is an opportunity for those who were waiting for the fall and it happened, so that other who did miss it can now participate and own something before again it bounces back. So, bitcoin is always volatile and after rise fall is inevitable and It just happened. Also, now bitcoin is holding 46k range from last couple of days which gives little comfort here before it make upwards move.

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This is normal movement, after bull market for long, Bitcoin needs to rest before more jump. We all know that this moment will come but of course not a dangerous area. I think this is a big chance, Buy dip and HOLD and you will be a winner

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Quote from: coin-investor on February 28, 2021, 06:44:19 AM

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's too early to tell and it's too early to exit the bull run, we have a very long bear trend 3 years so it's just right that we also have a long bull run one and a half year is ok and just enough to enjoy making a profit and enjoy trading, we'll see in the coming months if Bitcoin will go down below $35k or go back to $50k.

Yes, very early early to say! we're gonna drop to 40k, then 30% correction quite normal regarding the recent bull move. Due to the miner correction doesn't lead we're bear trend. I would like to buy now, but unfortunately, I have limited balance. Hung up until it bounces.

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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's too early to tell and it's too early to exit the bull run, we have a very long bear trend 3 years so it's just right that we also have a long bull run one and a half year is ok and just enough to enjoy making a profit and enjoy trading, we'll see in the coming months if Bitcoin will go down below $35k or go back to $50k.

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Quote from: MinoRaiola on February 27, 2021, 03:42:20 AM

Quote from: aioc on February 26, 2021, 09:21:49 AM

Very interesting analysis, so it's a pull between the $37k level and the $63k level, based on the movement, it again proves that the month of February and March is the months of correction, so we'll see how things will turn up in the coming days and weeks, I am hoping that it will end up in the $63k level, not only me but we all are.

If the area between $42,000 and $44,000 holds, upward continuation is likely. In that case, the point of interest at $63,000 is still on the table.

- I think that's hard to say. Whether it's between $ 42,000-63,000 or we go beyond that. PlanB and its calculation of the stock to flow also shows 4 phases of a bull run and 3 corrections can be seen there. But i don't want to make a big analysis of it, but rather show you something.

That 63k is on the table and looks to be the most promising potential and there is a very very risky thing going on from the both ends of the situation. Because we are seeing people who think it will be under 20k and there are people who think it will be 100k+ as well, those are both wrong, I do not think that bitcoin will neither be under 20k nor will be over 100k its going to be somewhere around that 63k level and people do not realize that.

This is why I believe we are going to end up with a decent price and that decent price will not be liked by anyone, even though its cool to see bitcoin at around those 60-60k levels and I would be happy with that, there will be plenty of people upset that they sold thinking it will go up and there will be some that think bitcoin price will be 100k so 60k is nothing to be happy about neither. This is the problem we are facing.

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Quote from: aioc on February 26, 2021, 09:21:49 AM

Very interesting analysis, so it's a pull between the $37k level and the $63k level, based on the movement, it again proves that the month of February and March is the months of correction, so we'll see how things will turn up in the coming days and weeks, I am hoping that it will end up in the $63k level, not only me but we all are.

If the area between $42,000 and $44,000 holds, upward continuation is likely. In that case, the point of interest at $63,000 is still on the table.

- I think that's hard to say. Whether it's between $ 42,000-63,000 or we go beyond that. PlanB and its calculation of the stock to flow also shows 4 phases of a bull run and 3 corrections can be seen there. But i don't want to make a big analysis of it, but rather show you something.

Quote from: bct_ail on February 26, 2021, 08:02:00 AM

Quote from: LFC_Bitcoin on February 26, 2021, 04:40:51 AM

@Mishacrypto_com
#Bitcoin ₿ in 2017/18 compared to $BTC now.
https://twitter.com/mishacrypto_com/status/1365229886617628680?s=21

For a better assessment of a correction like today, the past price developments in earlier bullish phases of Bitcoin should be pointed out again. Both in the first strong phase of the price increase around 2013 and in the hype year 2017, several strong corrections of up to 40 percent took place. In view of the fact that almost all of the invested parties are currently enormously positive, profit-taking must inevitably be taken into account

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Quote from: carlfebz2 on February 25, 2021, 11:24:11 AM

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.

20% drop in the price isn't a common thing to accept from investors point of view in general because they consider that they are in 20% loss than considering it as 20% profits missed out which makes the people to start selling their coins at any price just to make something and the chain reaction will continue the drop further. Again 3rd time the price fell I guess and it almost went to 44K and recovered to 47K at the moment.

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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

Very interesting analysis, so it's a pull between the $37k level and the $63k level, based on the movement, it again proves that the month of February and March is the months of correction, so we'll see how things will turn up in the coming days and weeks, I am hoping that it will end up in the $63k level, not only me but we all are.

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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

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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.

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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.

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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 .

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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.

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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.

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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.

STT

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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.

MinoRaiola

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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.

tinopener

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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.

Leviathan.007

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It's not 'crashed' It's just a normal and healthy price correction after this huge bull run a little price correction is also possible. Many will will start panic selling once again at this correction and this will be a great chance for many people to to buy bitcoins at lower price just like the market is giving them discount for buying bitcoins.

Bitcoinislife09

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Diamond Hands 💎HODL

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

I would consider the correction as normal because in the past weeks if we look at the chart in hours we could notice that the price is just pumping ridiculously so it's really normal to have a bit of a correction in a way. I think it's great if you sell your bitcoin at 58k$ where the peak of bitcoin is but other than that it's better to hold if you're aiming for a high profit. I think we're still good even in a 30% down because it's a bull market has a bit of a correction is just normal with a big pump in the past weeks.

mezzaluna

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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

I dont really think that people should panic so much. This just shows that people are scared of losing money even though they know that investing in the Cryptocurrency Industry is risky. The bull run will have an end and people should not panic because that is only normal to happen. If Bitcoin skyrocketed at a much higher value, people can only lose more money if they are not awake at the time of the value crashing down. This fluctuations can happen over night at that is why every user must be brave to face the consequences that might happen.

Golftech

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Quote from: Lorence.xD on February 23, 2021, 05:36:13 AM

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

Honestly I doubt the price could crash below $45K and whether the bull market is gonna end or not I don't really know for sure but seeing the adoption and institutional investors it's gonna be tougher for bitcoin to go deep down. I expect people would just buy it back at certain price and the correciton is to be expected since bitcoin rally has been going up really high so far.

Don't doubt, expect that it will go down but do not panic about it because this is as they said a correction, price will bounce back up again. The best thing to do is to buy more bitcoin at a lower price because this is an opportunity to buy bitcoin.

But before doing that, make sure to assess the situation first. There are reason why the price is dumping
and knowing what's behind it is important to set your target, buying low and selling high applies whenever
correction happened, you are capable of sorting things out before buying your assets, this is the good time
to pick those cheap coins and hold it, the chance of pumping it back is always possible.

mindrust

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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...

Khaos77

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Flag Day ☺

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

Crank up the barbecue.

There be Steak for Dinner. Wink

electronicash

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Quote from: Kasabus on February 23, 2021, 08:52:07 AM

Quote from: Poker Player on February 23, 2021, 07:03:52 AM

I think this is a normal scenario. We weren't going to go to $100k in a straight line (kind of). Fundamentals are there. In general, demand surpasses supply. If these days prices go down it is because some big whales are selling big chunks, like it happened with the previous retreat, that F2pool had been selling big amounts.

At this time, we can say that this was a normal fluctuation but let see how it changes in the coming days, lets wait for 3-5days.

Weak hands and late buyers may have the worries this time, I know they are thinking negative as they saw the declining trend. And what I worried about if they dump their Bitcoin, it for sure will affect the trend of getting worse if many will do the sell-off as well.

we all have seen this happened in the past its normal, other times are worse. the dumps are where these institutions should just buy BTC if they really want to invest good for their investors punishing the whales who dumped at the same time. or could they be the ones who are also selling? 27000BTC is too much for a single whale so weakhands must have been along with them.

Kasabus

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Quote from: Poker Player on February 23, 2021, 07:03:52 AM

I think this is a normal scenario. We weren't going to go to $100k in a straight line (kind of). Fundamentals are there. In general, demand surpasses supply. If these days prices go down it is because some big whales are selling big chunks, like it happened with the previous retreat, that F2pool had been selling big amounts.

At this time, we can say that this was a normal fluctuation but let see how it changes in the coming days, lets wait for 3-5days.

Weak hands and late buyers may have the worries this time, I know they are thinking negative as they saw the declining trend. And what I worried about if they dump their Bitcoin, it for sure will affect the trend of getting worse if many will do the sell-off as well.

UserU

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Back to 49K. We'll see where it goes as the US markets have risen.

maculeth

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BountyMarketCap

no, still a little. called dangerous if the decline in bitcoin has reached more than 20%, then it is ready to fall even deeper. but so far I think it's still safe and still worth it.

FlightyPouch

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For sure, a lot of people are not worried at all. There are even happy that this happen as it is the best time to reinvest. The price can't just spring all the way up in one go, it increase it's height a little bit and start another jump there. This might be the last time that we will be seeing the price at this mark, better take take advantage of it.

Trinx01

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Even though bitcoin is in a crash it doesn't mean that we are now in danger, bitcoin dumps this day but it doesn't mean that it could continue to go down until it reaches $10k again, remember that the price of bitcoin reaches $3900 before last year and the good thing that time is that it recovers right away before the year 2020 ends, just to remember that bitcoin's volatility is unpredictable and anything could happen. I am still holding and still believing that bitcoin could reach more than $50k this year.

imstillthebest

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not in dangered to me because to me the bull market is already done and over .
cannot you guys see that the price is now going down ? if the market speak he will say that let me take a rest because you guys already did your part and now im going to have mine too but back to reality the btc price was hanging at 48k ,
that was high and thats not in danger but for the scared guys they can do something to save the price from falling or to make the price return to where it was last day .

Poker Player

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I think this is a normal scenario. We weren't going to go to $100k in a straight line (kind of). Fundamentals are there. In general, demand surpasses supply. If these days prices go down it is because some big whales are selling big chunks, like it happened with the previous retreat, that F2pool had been selling big amounts.

XZERO1