bloodbath! - page 2. | Bitcointalksearch.org

numanoid

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Quote from: irsykes on May 24, 2021, 01:35:30 PM

Quote from: Japinat on May 19, 2021, 08:28:24 AM

The biggest dump this year is happening right now, witnessed it and still believe that bitcoin will bounce back.
While we are hoping for bitcoin to reach $100k, how do you feel that bitcoin is going down to $20k anytime soon?

And when bitcoin dump that low, expect that altcoins will also dump even double the price dump of bitcoin.

I think i am ok with it, maybe need more time to hold bitcoin and other alts. But make sure altcoins that we hold really have fundamenal support. Because sometimes, when bitcoin price down, people will sell their alts too and then convert to bitcoin and then they convert to fiat. That can cause bitcoin price dumped.

Lol? What's the reason for them to convert their alts to btc and then dump their btc? When market crash happened, they were dump their bitcoin, which make btc price down and it make other alt also dump too as all alts are following btc price. So if btc got dump, alt got dump as well, but if alt got dump, btc could be affected too or not.

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Quote from: Japinat on May 19, 2021, 08:28:24 AM

The biggest dump this year is happening right now, witnessed it and still believe that bitcoin will bounce back.
While we are hoping for bitcoin to reach $100k, how do you feel that bitcoin is going down to $20k anytime soon?

And when bitcoin dump that low, expect that altcoins will also dump even double the price dump of bitcoin.

I think i am ok with it, maybe need more time to hold bitcoin and other alts. But make sure altcoins that we hold really have fundamenal support. Because sometimes, when bitcoin price down, people will sell their alts too and then convert to bitcoin and then they convert to fiat. That can cause bitcoin price dumped.

Golftech

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Quote from: iram3130 on May 24, 2021, 03:22:49 AM

If the dominance of BTC increases 5% in a day, it will be a bloodbath for sure. Everything, I mean everything fell like a pack of cards, and most of them got dumped more than 50% at once. Hopefully, now, BTC is gaining its volume back and with it the money has been starting flowing into the alts. We might see a good recovery this week.

If we noticed the market, alts received more increased that bitcoin if not all but most of those inside the top 10

are really bringing good bounce, lucky to those who bought when the value is on its dip and now seeing a good

amount of profits out from their investment. If this positive movement from bitcoin continue, alts are benefiting

just need to work with the right assets to hold.

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FUD and rumors of various country crypto regulations and bans are warranted. Check crypto news headlines for 2017 and 2013 and there is a pattern. Hold your bags this year.

sana54210

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Quote from: michellee on May 24, 2021, 12:27:19 AM

You are not alone because many of us are getting lost too. But we still have to try to make a profit and recover from the losses. The dump will end soon, and you do not need to worry. We need to survive at this moment and if you have money, you can try to buy for a small amount so you can expect to make a profit later when the dump ends.

The altcoin still has a chance to grow again and I think the altcoin season can come later. We just need to calm down and do not panic and yes, patience is the key for us.

If we stop right now and do nothing that will only end up with a lot more worse situation for us. This is why I agree that we have to be optimistic about the future and act accordingly, what is the other option just sell everything you have and get out of crypto completely? That would not help anyone and it would not change anything for anyone neither so there is really no reason to do that, taking a loss and accepting it is not a solution in my mind.

However if you are optimistic about the future and you can hold and wait and even buy some more and just hope for the best you could at least make a bit of profit. Or you could trade if you are good at it and you can still make a bit of profit doing that as well, do something ANYTHING and just try to be active because the other option of just taking a loss and leaving is not a solution at all.

iram3130

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If the dominance of BTC increases 5% in a day, it will be a bloodbath for sure. Everything, I mean everything fell like a pack of cards, and most of them got dumped more than 50% at once. Hopefully, now, BTC is gaining its volume back and with it the money has been starting flowing into the alts. We might see a good recovery this week.

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Quote from: CutePanda on May 23, 2021, 11:26:26 PM

yeah this is the biggest dump ever in 2021.
I hope that this dump will come to an end soon and the price of all altcoins will become huge and go boom again.
because i already lost about $3500, for me it's a lot.
but still lets wait because patience is the key.

You are not alone because many of us are getting lost too. But we still have to try to make a profit and recover from the losses. The dump will end soon, and you do not need to worry. We need to survive at this moment and if you have money, you can try to buy for a small amount so you can expect to make a profit later when the dump ends.

The altcoin still has a chance to grow again and I think the altcoin season can come later. We just need to calm down and do not panic and yes, patience is the key for us.

CutePanda

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yeah this is the biggest dump ever in 2021.
I hope that this dump will come to an end soon and the price of all altcoins will become huge and go boom again.
because i already lost about $3500, for me it's a lot.
but still lets wait because patience is the key.

lienfaye

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Quote from: Lund94 on May 19, 2021, 08:33:39 AM

Only thing I can say: "you haven't lost your investment untill you sell" we saw it last bullrun.. eventually it'll rise again Roll Eyes

If the bloodbath continues all i see is an opportunity to get some more cryptos Grin

Indeed, as long as we dont sell our assets are still intact. In times like this we need to be more positive and be firm to hold. If you let yourself be affected to the current happening then you might end up as one of the panic sellers who cant bear the price decrease.

Instead of worrying if the price can recover, take this as an opportunity to fill our bags. The situation is not often like this thus buy and hold, we'll never know the bullish market might be on its way again.

adaseb

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Bitcoin is one thing but most people invested their life savings in coins like Doge and they are sitting at a huge loss right now. And these people have no idea what is going on exactly. Some guy on TikTok or Twitter asked why is he only getting $2500 for his original $5000 purchase. Basically its hard to tell if its a joke or not but people are used to making so much profit for no real work, that I am not surprised why we got such a huge flush.

Doge really rekt many people. Alot of people bought in the $0.75 range because they assumed that it should at least hit $1 during the Elon musk SNL and what happened was the opposite. And it touched $0.20 a few days ago. So that is what a 70% loss. And the difference between Doge and BTC is that most likely in the near future BTC can recover however most likely Doge will never be $0.75 ever again.

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Quote from: rodskee on May 23, 2021, 03:57:53 AM

Quote from: Japinat on May 19, 2021, 08:28:24 AM

The biggest dump this year is happening right now, witnessed it and still believe that bitcoin will bounce back.
While we are hoping for bitcoin to reach $100k, how do you feel that bitcoin is going down to $20k anytime soon?

And when bitcoin dump that low, expect that altcoins will also dump even double the price dump of bitcoin.

Bitcoin seems to be falling back to 30,00 now as it is continuously falling little by little since last night.

https://coinmarketcap.com/currencies/bitcoin/

34,800 as i am typing this and slowly cutting more.

https://coinmarketcap.com/

Same as all the cryptos now are showing Weak support, double digits fall this day alone? this is a true Bloodbath lol.

A bearish market is more dominant now, it's been days already that the market is still in red, I don't know if we can still bounce back strong to $50k to $60k region, it looks like the bull run is over soon due to Elon's bad announcement and some worries about China cracking down bitcoin. I know you guys are aware of this news, and mos likely investors now are already in panic mode like what we have witnessed in the past, this should not end well for the dumpers because of panic.

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Quote from: Japinat on May 19, 2021, 08:28:24 AM

The biggest dump this year is happening right now, witnessed it and still believe that bitcoin will bounce back.
While we are hoping for bitcoin to reach $100k, how do you feel that bitcoin is going down to $20k anytime soon?

And when bitcoin dump that low, expect that altcoins will also dump even double the price dump of bitcoin.

in my opinion this is something that will definitely happen, because with the very high increase in Bitcoin price and the occurrence of an altseason, now is the time for market to correction and my advice is that you better hold altcoin that you have, because I am sure the market will definitely increase again even though it may be takes a long time to recover, so this is also an opportunity for us to buy cryptocurrency at a low price and hold for the long term.

VanDeinsberg12

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Quote from: ecnalubma on May 22, 2021, 11:52:34 AM

This dip doesn’t make sense to me since Bitcoin is progressing and so altcoins had great development. This is just a pure manipulative action of the few, if you fall to these traps its your choice but if your still holding set tight and relax where not going anywhere, the only way is up.

Many people actually making sense of this dip based on the cycle of bitcoin that's every 4 year it gets pumped and then dumped but linearly growing up but I agree with you though. defi, dapps, smart contracts and many more
is enough to actually sustain the growth of bitcoin or any other altcoin but this massive dump out of nothing is simply act of manipulation started by elon

but you must also remember that newbie panic sellers contribute a lot.

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Quote from: Japinat on May 19, 2021, 08:28:24 AM

The biggest dump this year is happening right now, witnessed it and still believe that bitcoin will bounce back.
While we are hoping for bitcoin to reach $100k, how do you feel that bitcoin is going down to $20k anytime soon?

And when bitcoin dump that low, expect that altcoins will also dump even double the price dump of bitcoin.

Bitcoin seems to be falling back to 30,00 now as it is continuously falling little by little since last night.

https://coinmarketcap.com/currencies/bitcoin/

34,800 as i am typing this and slowly cutting more.

https://coinmarketcap.com/

Same as all the cryptos now are showing Weak support, double digits fall this day alone? this is a true Bloodbath lol.

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Quote from: DU18 on May 19, 2021, 02:43:41 PM

The decline in bitcoin prices in recent days has really scared us all, just imagine in the last 24 hours bitcoin has experienced a price drop of almost 10.25% and most likely this is due to the prank that Elon Musk did by canceling Tesla purchases using bitcoin and I suspect that if maybe Tesla has sold their bitcoins so that the price of bitcoin falls, I think the decline in bitcoin is likely to continue especially recently China has warned its citizens not to transact and invest in crypto.

https://www.reuters.com/world/china/what-beijings-new-crackdown-means-crypto-china-2021-05-19/

Fear is only felt by those who buy Bitcoin at a high price, they are very panicked by the bloody market conditions, they have to do now hold bitcoin until market conditions get back on track. No one will ever be able to predict when this exile will end, what we have to do prepare capital to get a few coins when the price is cheap.

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Quote from: Ziskinberg on May 22, 2021, 06:23:29 PM

Quote from: neatworld on May 22, 2021, 03:30:29 PM

I think it was manipulation to begin with, compounded by weak hands who panic dumped. The market was really due a correction because of all those joke meme coins that were starting to dominate the news, and even the rankings. I say good riddance to bad rubbish. Hopefully, this reset will allow projects with genuine utility to shine, because (hopefully), genuine investors in crazy times like these would rather strengthen their positions in projects that they see have long term potential.

I can't say it was a sort of manipulation, maybe we can say that bullish season totally has its ends. We can never say that the market will keep at a high level, it sometimes the market will fall just like now. But the good thing is that it won't move down straight unlike what we have experienced last 2018 bear season. So people could still have the chance to sell their coins at a higher price.

Yes, that's correct. Those who bought last year or even the ATH of December 2017 are still in profit right now. Big ones.
I think we just got used to a high price when large investors keeps on coming for the past few months.
It may not be a manipulation but could be a profit taking time. Don't we also do the same in trading? We buy cheap, we sell high. It's the normal of cryptocurrencies and because it's easier that we don't need a broker telling him to sell but we do it directly without paperworks needed.
Correction is done and so does the dump, I think we know where it will go next. Time to buy.

Ziskinberg

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Quote from: neatworld on May 22, 2021, 03:30:29 PM

I think it was manipulation to begin with, compounded by weak hands who panic dumped. The market was really due a correction because of all those joke meme coins that were starting to dominate the news, and even the rankings. I say good riddance to bad rubbish. Hopefully, this reset will allow projects with genuine utility to shine, because (hopefully), genuine investors in crazy times like these would rather strengthen their positions in projects that they see have long term potential.

I can't say it was a sort of manipulation, maybe we can say that bullish season totally has its ends. We can never say that the market will keep at a high level, it sometimes the market will fall just like now. But the good thing is that it won't move down straight unlike what we have experienced last 2018 bear season. So people could still have the chance to sell their coins at a higher price.

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Quote from: ecnalubma on May 22, 2021, 11:52:34 AM

This dip doesn’t make sense to me since Bitcoin is progressing and so altcoins had great development. This is just a pure manipulative action of the few, if you fall to these traps its your choice but if your still holding set tight and relax where not going anywhere, the only way is up.

A manipulation that we can never stop, they are the powerful whales and we must learn from this experience that we should always prepare ourselves for every possibility of huge dump since manipulators will always create FUD so they can have more cheaper options. Just keep holding and buy some if you can while the market is cheap, eventually those manipulators will pump this market again just to take profit, so better to learn to ride with them as well.

neatworld

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I think it was manipulation to begin with, compounded by weak hands who panic dumped. The market was really due a correction because of all those joke meme coins that were starting to dominate the news, and even the rankings. I say good riddance to bad rubbish. Hopefully, this reset will allow projects with genuine utility to shine, because (hopefully), genuine investors in crazy times like these would rather strengthen their positions in projects that they see have long term potential.

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Quote from: ecnalubma on May 22, 2021, 11:52:34 AM

This dip doesn’t make sense to me since Bitcoin is progressing and so altcoins had great development. This is just a pure manipulative action of the few, if you fall to these traps its your choice but if your still holding set tight and relax where not going anywhere, the only way is up.

Elon and china did their work. This dump is a little healthy that it dosent have a big jump. But it should go its natural way and not so many manipulation by the rich. Now is the time to buy this dip. It cant go lower then this

Topic: bloodbath! - page 2. (Read 752 times)