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bitterguy28

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Quote from: RTX-G53 on November 06, 2024, 11:05:59 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.

Your comment is correct because when Bitcoin falls in value, Altcoins fall in value more than that. Such fluctuations in market prices create pressure for long-term investors. As the price of Bitcoin falls further, investors start selling which affects the altcoin market as well. Instead of selling when the price drops, you can rely on Bitcoin's strong momentum and adopt the DCA strategy.

Not sure what is your point in bumping this thread but for me there is a reason why this must be on top because now we are experiencing the Bullying again and recorded the All Time Hight for Bitcoin so yeah let's all bump those old thread that shows the bloody days of Bitcoin.

It's feeling great seeing this success after years ,I remember this thread when we are still moving to the ATH back then but now?
This is pretty different because we are on the highest price and I believe we are in that more steps to the 6 digits value .

RTX-G53

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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.

Your comment is correct because when Bitcoin falls in value, Altcoins fall in value more than that. Such fluctuations in market prices create pressure for long-term investors. As the price of Bitcoin falls further, investors start selling which affects the altcoin market as well. Instead of selling when the price drops, you can rely on Bitcoin's strong momentum and adopt the DCA strategy.

Kopetunto

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Quote from: Joca97 on May 26, 2021, 09:26:53 PM

Quote from: Amejoaquim on May 26, 2021, 09:09:18 AM

Right now market has been recover and it looks like the next step of bitcoin is go back into $60k and after that $100k.

Bullrun still not over yet, just wait for Q3 and we will see a lot of good news and see another BUBBLE.

Yes,its slowly recovering each day by 10-20% ,2-3 good days then 1 bad day but it will get to the point where it was a month ago
And we can expect the q3 to hit some big prices. Hopefully the market recovers really soon and people realise that this is a good chance to buy cheap crypto

although now it has recovered but altcoins still cannot be said to be a complete recovery,
there are only a few that I know, ENJIN and MATIC, these two coins are truly extraordinary in terms of fundamentals and their price performance against bitcoin,
had experienced a decline and now the price has moved positive.

TokenForUs

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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.

Yes the lowest price this year could probably last dump $28k. But it still depend on whale though. If its not enough liquidated others whale it will happen again maybe around $20k-$25k and i doubt it going below $20k considering it can make retail scare and wont FOMO again. Now the FOMo will begin if we break $60k or $55k so people will believe we going to $100k and buying.

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Quote from: Amejoaquim on May 26, 2021, 09:09:18 AM

Right now market has been recover and it looks like the next step of bitcoin is go back into $60k and after that $100k.

Bullrun still not over yet, just wait for Q3 and we will see a lot of good news and see another BUBBLE.

Yes,its slowly recovering each day by 10-20% ,2-3 good days then 1 bad day but it will get to the point where it was a month ago
And we can expect the q3 to hit some big prices. Hopefully the market recovers really soon and people realise that this is a good chance to buy cheap crypto

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Quote from: slaman29 on May 26, 2021, 02:02:59 PM

Quote from: Chato1977 on May 25, 2021, 10:19:24 PM

It is exactly what happened in the past and up to now.

How many of those who said to transfer in Memecoins really make profit? and how many have lost?

Why gamble in shitcoins when you can be secure in Bitcoin , because if you only wanted to gamble then Just go to gambling site and try your luck .

Well, probably a lot of them still. DOGE was shilled below 100 satoshi and is still in 800+ ranges.

Most of the shit alt memecoins cost nothing and was airdropped and shilled to death.

The ones that lost a lot bought near the top and these were probably newbies who poured cash and not BTC into these stupid DEXs selling memeshibas and what not.

Remember, crash isn't happening just yet, the tears haven't come!

They'll soon realize when its too late and thats always been a casual thing and the reality that do happen into this market.If you dont make yourself aware and be wise of with things
then you would most likely on getting wrecked until realization would come next which is a normal thing that do happen. Whenever a hype or trend is currently going
then you would expect that there would be possible follow-ups came from those shitty coin creators making the same coin out of the hype
and trying to lure out greedy newbie investors to pour their money in.

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Quote from: Chato1977 on May 25, 2021, 10:19:24 PM

It is exactly what happened in the past and up to now.

How many of those who said to transfer in Memecoins really make profit? and how many have lost?

Why gamble in shitcoins when you can be secure in Bitcoin , because if you only wanted to gamble then Just go to gambling site and try your luck .

Well, probably a lot of them still. DOGE was shilled below 100 satoshi and is still in 800+ ranges.

Most of the shit alt memecoins cost nothing and was airdropped and shilled to death.

The ones that lost a lot bought near the top and these were probably newbies who poured cash and not BTC into these stupid DEXs selling memeshibas and what not.

Remember, crash isn't happening just yet, the tears haven't come!

Amejoaquim

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Right now market has been recover and it looks like the next step of bitcoin is go back into $60k and after that $100k.

Bullrun still not over yet, just wait for Q3 and we will see a lot of good news and see another BUBBLE.

killerfrost

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It's still a familiar saying that a down market doesn't buy, when it goes up, sell something

Personally I like the way the market is going, basically my assets in this market are still very profitable and i am always trying to increase my wealth in this sector this.

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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.

Well, this month is really blood month especially for bitcoin.
I did not expect this scenario would happen. I hope the price of bitcoin will not going down from now on, especially $20k. I think that will be worse case ever. But if we look at from another perspective, maybe this time actually our chance to invest some money on bitcoin.

lxiaoh

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BTC $20k i think it will soon come, maybe about one or two months. I deeply believe this round of Bull is over, what awaiting us is a long Bear market. And for all those altcoins, their price will return to about 10% of what they were in this Bull.

Chato1977

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Quote from: slaman29 on May 25, 2021, 01:25:39 PM

Quote from: numanoid on May 25, 2021, 12:23:44 AM

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.

The same reason we've seen in all the past cycles. Greed and an expectation to make the same easy money over and over again, what else:)

No need to hodl Bitcoin they said. Change it to memecoins and enjoy 100x explosion they said. Bitcoin is dead and dominance is going down they said.

We've all heard it before and we'll all hear it again.

I think that is exactly what happened in the past and up to now.

How many of those who said to transfer in Memecoins really make profit? and how many have lost?

Why gamble in shitcoins when you can be secure in Bitcoin , because if you only wanted to gamble then Just go to gambling site and try your luck .

TravelMug

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Quote from: Silberman on May 25, 2021, 12:08:36 PM

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.

That is exactly what is happening and we need to accept this is going to keep happening, many people have stated over the years that if bitcoin went up in price the drops would not be as big, but what those people are forgetting is that what you need to crash this market is not fiat but bitcoin and in fact the size of whales is increasing which means the volatility and the manipulation on the market is only going to get worse as time passes.

Depends on how we look at it, the flash crash could also be beneficial and healthy for crypto investors are we can enjoy buying cheap coins again. On the contrary, there could be new investors that are afraid because of the total manipulation of the price by whales and huge institutions or even individuals like Elon Musk and other crypto influence.

So it's either we play the game of the big boys, or as average joe, we simply go with the flow and not go against the current of the whales, it's our choice.

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Quote from: numanoid on May 25, 2021, 12:23:44 AM

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.

Sorry i forgot to add "in my mind" Grin

. Because in past i keep think about that, maybe it is wrong but sometimes i think there are people who panic and dump their alts to bitcoin first so they can sell bitcoin to fiat, that is why altcoin dumped when bitcoin price fall in my mind before.

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Quote from: numanoid on May 25, 2021, 12:23:44 AM

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.

The same reason we've seen in all the past cycles. Greed and an expectation to make the same easy money over and over again, what else:)

No need to hodl Bitcoin they said. Change it to memecoins and enjoy 100x explosion they said. Bitcoin is dead and dominance is going down they said.

We've all heard it before and we'll all hear it again.

Silberman

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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.

That is exactly what is happening and we need to accept this is going to keep happening, many people have stated over the years that if bitcoin went up in price the drops would not be as big, but what those people are forgetting is that what you need to crash this market is not fiat but bitcoin and in fact the size of whales is increasing which means the volatility and the manipulation on the market is only going to get worse as time passes.

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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 have the opposite thought. Even though the candlesticks, trends and charts go against the bull market, I still believe in a stronger rally. My friends all emphasized the decline, in which I protested and perhaps that excitement was placed in a trap set. If I become the barbecue of the bears. This is an honor

) There are strong market makers - whales are moving around the 38k threshold. They seem to be very large and fence short sections well. I believe the market will recover and there will be very strong forks.

Roidz

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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.

every time there is a decline in the price of bitcoin in the market it seems that China has contributed to doing so so far, but what I was surprised by was when China started spreading fud about bitcoin but the Chinese government was actually developing their own crypto a few months ago, so the fud issued by China today it will only have a temporary impact and gradually I think bitcoin will continue to increase and in fact from the last few years we can see how fud continues to attack crypto but what happens is that the crypto price is getting higher and higher and able to continue to reach its ATH.

so, I don't think we need to panic at this time.

Distinctin

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Quote from: Viecoin on May 24, 2021, 11:44:56 AM

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.

You are right, that's not new to crypto, in fact, in 2017 when China banned bitcoin, the bull run happened, now they made another headline and it affected the market badly for a while but the price is now recovering. Those who panic will certainly lose the opportunity to sell when a new ATH will come.

Just relax, hold if you are into the long-term hold, and play the volatility if you are into the day trading or short-term trading.

michellee

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Quote from: sana54210 on May 24, 2021, 11:23:49 AM

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.

We will regret the future when the situation becomes better because we are not trying hard in the past. It is no use if we are just sad and regretful or disappointed because every person can change and learn better than before. That also happens to the crypto market. If the market is not good to trade, maybe we can leave the market for a while.

Accepting the situations and keeping trying will be good for people who do not want to give up because I am sure they will recover their losses and profit. The future will be better if we can still trying and we will see that if you buy and hold can give you the profit too than not to do something. But that will depend on you because maybe we will have a different plan related to the current situation.

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.

irsykes

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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.

Viecoin

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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.

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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.

barhavsky

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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.

rodskee

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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.

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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.

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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

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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.

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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/

Elon said that that he has not sold his bitcoins but it is obvious that he has done so, after all it seems to me he is trying to buy time for his company to begin to become profitable, and manipulating the price of bitcoin seemed like the perfect way for him to achieve this goal, however the reputation of Elon is going to suffer from this as you cannot get away completely with this, and it is even arguable if he is going to be investigated by the SEC for what he is doing.

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Quote from: Christabel247 on May 22, 2021, 06:08:25 AM

As I say; crypto trading is not for a high blood pressure patient as it will quickly cause collapsing.

Only thing I see in the bloodbath is an avenue to hold more currencies as many missed the first run so seat back
And think of the best currency to buy and hold. This is likely to be the same as 2017 bearish.

I think its because of bad news about bitcoin. Following the environmental concern by Mr. Elon Musk, Greenpeace stop accepting bitcoin donations over the same reason. I think this concern need to resolve, mining bitcoin requires a lot of power to perform. Its not new to me since I've been in crypto since 2017. I agree that the spell will not last and the price will go up again, we're still not in bear season. It will bounce back soon.

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Quote from: btc78 on May 21, 2021, 07:16:50 AM

Quote from: Distinctin on May 20, 2021, 01:19:35 AM

Bloodbath is over, bitcoin is slowly recovering now and we are gonna see it trading at $40k.. The bloodbath was just a blessing for those who trust as they can accumulate at a cheap price, bitcoin will recover, then altcoins will follow. I'm expecting a green market in the next few days.

Staying at 40,000 level again https://coinmarketcap.com/currencies/bitcoin/ i think we can safely say that Bloodbath is already gone and now greening take over.

How much did the buyer profit now when the price dip down 30k and they managed to buy

30 instant percent?

i did not add Bitcoin on my holding but instead i choose Ripple and yes i bought at 90 cents and now climbing to 1.18$ already.

Honestly, you'll be lucky that XRP just pumps. Have you already sold it now? Because if that happens to me, I don't hesitate to sell it.

Back then, Bitcoin seems too hard to sustain at $40k, it was at $38k at this post. It has to say that huge corrections are still waiting for us and it might happen any time. So maybe we have to prepare for that and we can't leave the confidence that prices will increase if the situation will remain like this.

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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

This is good advice, but we know it doesn't work 100%. There are many problems in life, and if you have invested a large enough amount and you are simply unlucky, you still need to sell some of the coins to live. Of course, when you have enough money not to think about losses in cryptocurrency, it is easy to reason and give advice, but in life it is completely different.

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As I say; crypto trading is not for a high blood pressure patient as it will quickly cause collapsing.

Only thing I see in the bloodbath is an avenue to hold more currencies as many missed the first run so seat back
And think of the best currency to buy and hold. This is likely to be the same as 2017 bearish.

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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.

It may going down further to arround $25k ( this is stronger support we have ). At that price people will buy and i think many people still believe in bitcoin and waiting for that price. This bloodbath is just to shaken out weak hand and intruder who want to ride this bull market, when the intruder is out we will see another light to the moon again.

Dont be greedy and dont act something stupid. Stay strong for bitcoin believer..

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Quote from: Distinctin on May 20, 2021, 01:19:35 AM

Bloodbath is over, bitcoin is slowly recovering now and we are gonna see it trading at $40k.. The bloodbath was just a blessing for those who trust as they can accumulate at a cheap price, bitcoin will recover, then altcoins will follow. I'm expecting a green market in the next few days.

Staying at 40,000 level again https://coinmarketcap.com/currencies/bitcoin/ i think we can safely say that Bloodbath is already gone and now greening take over.

How much did the buyer profit now when the price dip down 30k and they managed to buy

30 instant percent?

i did not add Bitcoin on my holding but instead i choose Ripple and yes i bought at 90 cents and now climbing to 1.18$ already.

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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 do not have any feeling about that, but if bitcoin is going down to $20k soon, I will buy bitcoin because that will be the best time to buy bitcoin.
The altcoin may follow bitcoin to go down, but I doubt that altcoin will follow bitcoin movements because I am sure that some altcoins can still survive and even some of that altcoin will increase.
If you check on the market when the bitcoin price is down, some altcoin is not down instead still at the current price, but once bitcoin moves to the high price, those altcoins start to increase for small moves.
It seems, bitcoin price will go down again but I am not sure about that and it needs more research and analysis to find if that will really down or not.

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Quote from: _IRMAN on May 19, 2021, 09:30:31 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.

BTC has very strong support at $ 30K and currently the price has started to go back up to $ 35K followed by many altcoins. When you guys panic, I get the advantage Grin

Good thing BTC has recovered, the bloodbath is over, the question is, are we going to see the same scenario this year?
Did you guys think that the bull run is already over? or you are still expecting to see a new ATH of bitcoin this year?

I like to hear your thoughts about that as IMO, the bitcoin bull run is slowly fading and we are heading to a long correction.

If you think I'm wrong, please educate me.

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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?

Not at the moment mate, Bitcoin now is back to 40,000 and that means another 50% dump from the value now/

Not for me .

Quote

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

It does mate, we can see that now because after bitcoin drops then the altcoin comes along.

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Quote from: feelideb on May 20, 2021, 02:12:56 PM

I saw a quater of a billion dollar bitcoin bought yesterday on bitfinex and I was amazed! That single transaction was a prove to me that bitcoin has gone beyond retail trader and investors, institutions are buying! Another bank anounce today of their intention to create a portfolio for some of their wealth client who wants to invest in cryptocurrency! What I am saying in essence is this, bitcoin fell and it will sure recover very soon! This might be a good time to take position on bitcoin and altcoin!

You must really have missed the last one year of news then because institutions have not stopped buying,,, they started a while ago and probably even longer before the media started covering it in great length. Michael Saylor said he did not sell a single coin, and in fact with more adding to their holdings we have just witnessed weak hands dropping BTC;)

Good for everyone else who already learns crypto lessons!

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Quote from: carlfebz2 on May 20, 2021, 03:44:40 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.

Good thing that Bitcoin did able to held up strong support which is a good thing and didnt plunge that hard for us to reach back again on below 30k or the worst going back in 20k.

Lots had speculated that this is the start of the bear market which i can say that it must be the start basing off with the current condition where alts dumped hard too as Bitcoin plunges its price.

Is this thing something new? No its not and for those who had sell out on the dip are the ones who hadnt no worries on this current condition.

Bitcoin made a great resistance dropping really small instead of others
i had my money on litecoin and it dropped from 320$ to 210$ now half of the money just gone.Hopefully it comes back

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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.

Good thing that Bitcoin did able to held up strong support which is a good thing and didnt plunge that hard for us to reach back again on below 30k or the worst going back in 20k.

Lots had speculated that this is the start of the bear market which i can say that it must be the start basing off with the current condition where alts dumped hard too as Bitcoin plunges its price.

Is this thing something new? No its not and for those who had sell out on the dip are the ones who hadnt no worries on this current condition.

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I saw a quater of a billion dollar bitcoin bought yesterday on bitfinex and I was amazed! That single transaction was a prove to me that bitcoin has gone beyond retail trader and investors, institutions are buying! Another bank anounce today of their intention to create a portfolio for some of their wealth client who wants to invest in cryptocurrency! What I am saying in essence is this, bitcoin fell and it will sure recover very soon! This might be a good time to take position on bitcoin and altcoin!

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Quote from: sapnu on May 20, 2021, 12:15:54 PM

The market is indeed on a bad shape right now, everything's on red and bitcoin has its largest dump ever since the bull run but instead of stressing out and worrying about the money we are losing, why not use it as an opportunity to buy stocks? Bitcoin will surely come back stronger just like how it happened in the past so if you have great faith that bitcoin will sooner or later bounce back, then why not keep on holding and start buying. Many people regretted a lot when they started panic selling from the 2018 dump so the same scenario may happen again if we will loosen our grip with bitcoin.

Stocks are also quite high, a crash could be happening there as well in the near future.

Also in order to be able to buy BTC now means that you (probably) did not sell earlier (when it was higher)

It could be the end of the bull market, but maybe we'll see a second wave similar to 2013. For anybody that believes in a second round of the bull market the time to buy is now and in the coming weeks

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The market is indeed on a bad shape right now, everything's on red and bitcoin has its largest dump ever since the bull run but instead of stressing out and worrying about the money we are losing, why not use it as an opportunity to buy stocks? Bitcoin will surely come back stronger just like how it happened in the past so if you have great faith that bitcoin will sooner or later bounce back, then why not keep on holding and start buying. Many people regretted a lot when they started panic selling from the 2018 dump so the same scenario may happen again if we will loosen our grip with bitcoin.

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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.

actually bitcoin always recover and no need to worry about that because its proven and tested wherein only fomos will not understand the situation in my personal opinion like what always happen because of being greedy .. And yes on this current situation alts are very affected in the market , for me this literally can cause big changes of price afterwards what i mean expect what is unexpected because of panic selling..

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Quote from: Distinctin on May 20, 2021, 01:19:35 AM

Bloodbath is over, bitcoin is slowly recovering now and we are gonna see it trading at $40k.. The bloodbath was just a blessing for those who trust as they can accumulate at a cheap price, bitcoin will recover, then altcoins will follow. I'm expecting a green market in the next few days.

I would not be too quick to say that it is over:) This is crypto and fear and uncertainty has hit not just individuals but even companies and funds and while some did not sell and feel relieved now, they could be selling now in CASE it goes down even more,,, and then that might even create a bigger cascade of people selling off to reduce risk.

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If it gets down as much as 80% then HODL, remember this kind of dump happened so many times and every bullrun there's those people who gonna post about them regretting not buying it when it dips
Sometimes, what it takes for us to get huge profit is ball of stells, just see how 2017 hodlers still got many times ROI despite the current dump, they are risk taker and they got taste the fruit of their patience,
I too gonna hold doesn't matter how much btc gonna get dumped.

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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.

Bloodbaths occur once in a few months. It is not strange with crypto market! Bitcoin and top altcoins have been in their own rallies.

Quote

While we are hoping for bitcoin to reach $100k, how do you feel that bitcoin is going down to $20k anytime soon?

My opinion, it won't drop to $20k. $30k is the last weak down, the last test for support and clean the market. $75k go!

Quote

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

It Bitcoin is dumped because of FUD, altcoins will be in bloodbaths and they will be dumped more than Bitcoin.

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Quote from: Distinctin on May 20, 2021, 01:19:35 AM

Bloodbath is over, bitcoin is slowly recovering now and we are gonna see it trading at $40k.. The bloodbath was just a blessing for those who trust as they can accumulate at a cheap price, bitcoin will recover, then altcoins will follow. I'm expecting a green market in the next few days.

It can be a more wick down to 26k. Im just realize our market is very easy to be manipulated.
Becareful for your money, dont pour more money if you not ready to lose it.

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Quote from: Distinctin on May 20, 2021, 01:19:35 AM

Bloodbath is over, bitcoin is slowly recovering now and we are gonna see it trading at $40k.. The bloodbath was just a blessing for those who trust as they can accumulate at a cheap price, bitcoin will recover, then altcoins will follow. I'm expecting a green market in the next few days.

We are seeing good market movement and yes it's a good opportunities to those investors who are trully believing

in this industry, they are able to bought more coins and store it inside their safe wallet, after that $37K and now ranging

to $40K again, those people are gainers, they just need to take some risk and harvest their profits.

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Bloodbath is over, bitcoin is slowly recovering now and we are gonna see it trading at $40k.. The bloodbath was just a blessing for those who trust as they can accumulate at a cheap price, bitcoin will recover, then altcoins will follow. I'm expecting a green market in the next few days.

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What's actually this thread about? If you are gonna post about bitcoin crash, move this thread to bitcoin disscussion.

Why are you panicking when bitcoin and altcoins crash more than 50% now? It's just normal thing on crypto world, if you even been since 2017-2018, this is just nothing. When market crash, that's when you buy all people's fear

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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?

Its almost done last night mate, because the value of Bitcoin drops to 30,000 and almost few hundred dollars to touch that 20,000 level(Hope that it wont happen now because i am really in badly need of cash.

Quote

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

Actually it does , we can see it all now, bitcoin dropping to 30k and Ripple fell almost 1$ now, Ethereum to 2500 again and Binance losing more than 42% in 7 days.

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First, I will feel bad for those who bought at $50k.
But they should never lose hope. It's normal if it's bitcoin we are talking about. It fluctuates too hard that it's almost unbelievable especially if you are used to Forex trading.
Think of it as a good start to buy more and hoard Bitcoins that could affect higher demands in the future.
That's what always goes through my mind whenever dumps happen. You don't sulk in one corner but you use it as an opportunity.

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Quote from: Scripture on May 19, 2021, 04:48:15 PM

$30k will be the bottom price, it has already decided and whales are buying more again that’s why we saw a good bounce back from that level. Surely this is a worst dump for this year and many are panicking, seeing your portfolio 70% down is not a joke though, but if you’re holding good projects there’s still a chance for that to rise again, let’s not wish for Bitcoin to go down further many project will die surely.

Many traders predict we will suffer 26k in the next day. I believe theres a chance we will go that down, im a bit shaky of the market crash at this time.
Somehow i think we will accumulate Bitcoin in the lower price again...

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

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

We always follow Bitcoin no matter what people says that Bitcoin didn't dominate the market anymore, right now is the proof that if Bitcoin dumps, many altcoins will go down as well and shitcoins will die eventually. There's a big reason behind this current drop and maybe we are really bound into this bear market, I have to get some money on my savings right now so I can buy cryptos again, I'd love red market.

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$30k will be the bottom price, it has already decided and whales are buying more again that’s why we saw a good bounce back from that level. Surely this is a worst dump for this year and many are panicking, seeing your portfolio 70% down is not a joke though, but if you’re holding good projects there’s still a chance for that to rise again, let’s not wish for Bitcoin to go down further many project will die surely.

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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?

It can go down to $20k soon. But that's just par with the 2017 all time high, the worry is with those investors that have bought higher than $20k. But to us who have been with the market and been holding, that's just another time for us to hold and nothing to worry about it.

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

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

Yes and that would allow me to buy more bitcoin and those altcoins that I've missed during their bull runs.

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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/

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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.

The dump we are seeing is one for the ages, while there have been bigger dumps in terms of percentage when we see this in absolute terms and we see how much the price has gone down since its all time high then this is the biggest dump that we have ever seen, bitcoin will recover but altcoins are going to suffer because this crash happened when altcoins were in control of the market and those coins are just dragging bitcoin with them, but this dynamic will eventually change and bitcoin will begin to recover.

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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

Sadly im put my crypto in the future, now im lost about 80% of it.
Should be not greedy and hold it peacefully. Im out of crypto market at this moment. Just hold the last of my bag Sad

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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.

^ look at how the market is getting normal, The majority of cryptocurrencies are starting to show good growth compared to 12 hours ago. regarding $ 100k, we will definitely see Bitcoin at that price before 2022.

Blitzboy

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Hard to know what happens next. Too many fuds happen in the same time and more bitcoins are deposited on exchanges. That means those whales will soon sell their bitcoin to secure the profit

There are still big hands declaring that they will continue to hold bitcoin but it is hard to believe in them.

Fivestar4everMVP

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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.

Anyone who have been in crypto for long knows that the market does not go up for ever, and in my own personal opinion, bitcoin and the rest of major altcoins have really done well this year, I mean I never expected bitcoin to be worth this amount early this year by the way, so personally, i am not worried, whether this is a major correction or that we've finally entered bear market again is yet to be known or rather, too early to say or decide, but on the long run, we all are certain that bitcoin will one day worth over 100,000 usd, if it does not happen this year, it will probably happen next year, or even in 2023.
One piece of advice for those who might have bought bitcoin, Ethereum or any other altcoins in their highs is that you all exercise patience, this is not the end, as long as you hodl, you will never loose, you loose your money as soon as you decide to sell in loss, but if you are patient, the price will come back around even higher than you bought it.

bitjoin

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The dumping that occurred in the market made some Bitcoin and Altcoin holders panic. Some of them are forced to sell their assets at low prices for fear that the correction will continue. Conditions like this are inevitable in the cryptocurrency market, moreover Bitcoin has peaked a few weeks ago. Now is the time to prepare capital to get Bitcoin at a low price, and I've been waiting for a moment like this.

wheelz1200

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Quote from: Engineer7 on May 19, 2021, 08:57:33 AM

I was looking to step in last weeks. Fortunately, I did not step in.

What I am afraid is that the governments especially USA will put his own digital currency on the market and prohibits other currencies.

The banning of crypto holistically is not happening. It's too engrained. The drop has nothing to do with any of that nonsense of it being banned. This is just a normal day in crypto. Get on or get off it will move forward with or without people.

_IRMAN

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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.

BTC has very strong support at $ 30K and currently the price has started to go back up to $ 35K followed by many altcoins. When you guys panic, I get the advantage Grin

shinratensei_

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Bought some cheap coins an hour ago. Altcoin will be dumped even deeper than bitcoin. Bitcoin is everything. I feel nothing about this dump other than my opportunity to buy the cheap coin.
I have been experiencing with dump that happened with crypto so many times. China is a country that was regularly announcing the ban on crypto.
This is a common thing for me.

Engineer7

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I was looking to step in last weeks. Fortunately, I did not step in.

What I am afraid is that the governments especially USA will put his own digital currency on the market and prohibits other currencies.

Lund94

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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

Japinat

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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.

Topic: bloodbath! (Read 759 times)