Bloody Crypto market. | Bitcointalksearch.org

pooya87

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Quote from: The Sceptical Chymist on February 23, 2021, 10:32:15 AM

Quote from: pooya87 on February 23, 2021, 02:55:42 AM

We are repeating the same thing today too when price went from $58354 down to $47400 which is only a 18.8% drop. There is still room to shake out some more weak hands and take their bitcoins at a big discount then sell it back to them at $67000+.

Yeppers. I wonder if newbies to bitcoin realize just how volatile it can be--and I'm also wondering about the big institutional investors and what they might be thinking about an 18% drop pretty much overnight. I have to think that they'd done their research before buying millions of dollars worth of bitcoin, but when you get a correction like this, that's a pretty big hit to the balance sheet if you're holding tons of BTC.

Me? I'm just a bystander watching the parade ebb and flow. If you ask me, now would be a damn good time to buy in, because I don't think bitcoin is done with its rise yet. I don't think it's even close to the top, so dips like this are good opportunities to make even more profit. Too bad I'm flat broke, else I'd be buying bitcoin and some of the better altcoins too.

Yeah I'm also interested to see what all these institutional investors are going to do, not just with this recent small drop but the bigger drop that will come when bitcoin reaches its bubble at $500k and then crashes, specially those that will enter near the top!
We may be used to this kind of volatility but those who come from the centralized world with stock market that moves 1% at a time aren't.

I started trading after a long time though and already pocketed some profit for my small amount thanks to the panic sellers

I'll probably continue this with trading some shitcoins when they pump and dump and benefit more from newbies who don't listen and still continue buying shitcoins...

maydna

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Quote from: kotajikikox on February 23, 2021, 07:11:51 PM

While others are panicking i am busy snipping how low it can be Grin

.

I am happy to see you can take benefits from the downtrend hahaha Grin

When the bitcoin price can back to the high price, you will see your portfolio amount will be bigger, and if you sell bitcoin at the next high price, you will see your bigger profit so that you can repurchase back bitcoin the next time. I am following what you did yesterday, and although I can't buy back bitcoin at the lowest price, I am happy that I can buy bitcoin at $47k-$48k because I spread my order buy a various lower price. And now, I see my money value grows following bitcoin price increases.

hulla

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The current market condition is not something new to us but I don't know why people make a big deal out of it. What we see now is not something bad as most people panic about and the last time I check the market make an unexceptional dump in price within 5% to 20% and start bullish again which is clearly a market correction.
I think chasing after profit all time is the disease most crypto investors/traders have.

Kelvinid

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win lambo...

Quote from: Hippocrypto on February 23, 2021, 06:54:25 PM

Quote from: Shasha80 on February 23, 2021, 06:36:41 PM

Many people start to panic seeing the current market conditions, even though this is a common thing. I have experienced this condition very often.
So the correction that is happening now is needed so that the Bitcoin price can go up even higher. I will not sell the Bitcoin that I have at the current
price, because I am still optimistic that in the next few days Bitcoin price should be back above $ 55k again soon.

After corrections we will be expecting more greater things to be initiated? Or price will pump for another waves? There's always an unpredictable answers to that questions, but my option was when demand continues to grow I believed that the price will again recover and soon reach until $60k.

More often to expect this but not a thing we should show panic (or weak hands will do). What happens today is also happening several times before and this phenomenon isn't new to us anymore. Since we are taking the risk of investing in Bitcoin, it was expected also to control our emotions or let things get worse.

Some did the sell right now (for sure), but some take the opportunity to buy more. As this was to happen, the price may not dump but instead, it bounces back high again.

Ewox

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This has been happening over and over again but I don't think some of these "traders" do remember the time when Bitcoins price went up and then after a week or so would go down to 20-30% or even more. I'd rather hodl the coins I'm currently holding or you can also sell them if you think you're losing and buy them back when it dips even more.

Right now, what we are seeing or experiencing is a correction. And I think it's a good sign that the movement of the market is still there, it's healthy. If I had the money right now, I'd still buy Bitcoin and hodl more for a couple more years because I think it'll still increase its value.

aioc

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Quote from: UnDerDoG81 on February 23, 2021, 04:03:50 AM

Be greedy when others are fearful. Best advice. Hodl and buy moar.

Of course, it is proven and we have history and charts to back it up, but some people do not want to wait, and easily sell for profit and some of them are still listening and following FUDS, this is a good buy opportunity, the next Bitcoin milestone is just around the corner and you might end, regretting for not taking action.

kotajikikox

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Quote from: YOSHIE on February 23, 2021, 02:32:30 AM

What are you doing seeing the conditions like today .....!

Regards.
Yoshie.

I took advantage of it, I waited for this since february enters as i have some funds to invest but the price is really pumping , so now that the price fell down to 45,000$ per bitcoin ? then i can at least Buy small chunk to add in my Folio.
While others are panicking i am busy snipping how low it can be Grin

.

Quote from: GelatikKembar on February 23, 2021, 06:53:09 PM

be patient for those who are stuck in the cryptocurrency that has been purchased, yes this is the cycle of the crypto currency, after an increase of 100% more, then a deep decline can also occur in just a few moments, as has happened now, altcoins bleed! already profit is better sell and wait at the right time, don't forget to use stop lose and do the analysis well, good luck.

Stop Loss will really help but we also Knew that only few uses this , i don't know if they are Lazy , Illiterate or Food not to use this free Bot.

jossiel

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One idea is if you're long term, you don't have to put yourself in pressure just as the other traders that's pushing themselves very hard with the move of the market. Put your focus into having more bitcoin if that's your main goal. It is important to get as much as you can while you can avail it as these prices.

We will never know how huge and high bitcoin's price will be after the end of this cycle and for the next cycle. Panicking isn't an option but we're sorry for those inexperience folks, they really are bound for it.

AmoreJaz

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Quote from: Shasha80 on February 23, 2021, 06:36:41 PM

Many people start to panic seeing the current market conditions, even though this is a common thing. I have experienced this condition very often.
So the correction that is happening now is needed so that the Bitcoin price can go up even higher. I will not sell the Bitcoin that I have at the current
price, because I am still optimistic that in the next few days Bitcoin price should be back above $ 55k again soon.

if youre long enough in crypto, youve seen this many times over. however, the situation is bit different as we are seeing high prices of BTC.
right now, seeing this downward movement in few hours, we cant do anything but watch. unless, you are into day trading, and this may be a good opportunity for scalping. increase is really not forever, but i strongly believe that this will go up again as there are so many top companies already involved in this community.

Hippocrypto

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Quote from: Shasha80 on February 23, 2021, 06:36:41 PM

Many people start to panic seeing the current market conditions, even though this is a common thing. I have experienced this condition very often.
So the correction that is happening now is needed so that the Bitcoin price can go up even higher. I will not sell the Bitcoin that I have at the current
price, because I am still optimistic that in the next few days Bitcoin price should be back above $ 55k again soon.

After corrections we will be expecting more greater things to be initiated? Or price will pump for another waves? There's always an unpredictable answers to that questions, but my option was when demand continues to grow I believed that the price will again recover and soon reach until $60k.

GelatikKembar

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be patient for those who are stuck in the cryptocurrency that has been purchased, yes this is the cycle of the crypto currency, after an increase of 100% more, then a deep decline can also occur in just a few moments, as has happened now, altcoins bleed! already profit is better sell and wait at the right time, don't forget to use stop lose and do the analysis well, good luck.

Shasha80

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Many people start to panic seeing the current market conditions, even though this is a common thing. I have experienced this condition very often.
So the correction that is happening now is needed so that the Bitcoin price can go up even higher. I will not sell the Bitcoin that I have at the current
price, because I am still optimistic that in the next few days Bitcoin price should be back above $ 55k again soon.

Baofeng

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Quote from: YOSHIE on February 23, 2021, 02:32:30 AM

What are you doing seeing the conditions like today .....!

Regards.
Yoshie.

Nothing. We have seen this pattern just last month so I don't know why we need to push the sell button at $45k-$48k. Bitcoin's narrative has evolved, but I guess speculators, specially newbies still didn't know how the market works in a bull run. If I have the cash right now, I will definitely take advantage of this situation to fatten my bitcoin wallet. Next month, expect the price to go to $60k or higher, after this healthy correction.

Saisher

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Quote from: YOSHIE on February 23, 2021, 02:32:30 AM

All we know Forum is the main destination for discussing crypto, Bitcoin and so on on behalf of digital currencies including the crypto market.

I saw some media, youtube, 100% of people involved in the crypto world. 30% panic, there are hundreds of inaccurate and irresponsible information, many people sell, the current market conditions are red, I am completely wary of this phenomenon, my mind is stuck, solutions are not found, strange, but that's what is happening right now.

The purpose of this topic: give an idea or something that you know about the current market conditions, I mean a good step to consider.

What are you doing seeing the conditions like today .....!

Regards.
Yoshie.

I don't see any reason to panic just because Bitcoin drop because based on the market computation since the start of January Bitcoin has a massive pump compare to it's current drop, now if you bought in the $50k level then you have something to worry about, because you are facing a 2017 scenario, let's just hope it will regain before the end of February.

stomachgrowls

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Quote from: YOSHIE on February 23, 2021, 02:32:30 AM

What are you doing seeing the conditions like today .....!

I already anticipated for these things to happen all over again and again because people are way too emotional when seeing their portfolio or invest is on deep reds or
just seeing the market is falling like crazy.Even those people whom do told themselves on holding for long term would actually have doubts and change of minds
that they should sell before their money becomes to 0 or without any value which is pretty common.

Asking out on how i do deal with this then i do simply ignore and been tired on telling that people shouldnt sell because they wont lose nothing if they wont really make
any conversions or selling decisions.

Market cant really be just always on greens or showing off big candles upwards.There would be always that side opposite of things and you should
really be prepared with that.

AliMan

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Quote from: YOSHIE on February 23, 2021, 02:32:30 AM

All we know Forum is the main destination for discussing crypto, Bitcoin and so on on behalf of digital currencies including the crypto market.

I saw some media, youtube, 100% of people involved in the crypto world. 30% panic, there are hundreds of inaccurate and irresponsible information, many people sell, the current market conditions are red, I am completely wary of this phenomenon, my mind is stuck, solutions are not found, strange, but that's what is happening right now.

The purpose of this topic: give an idea or something that you know about the current market conditions, I mean a good step to consider.

What are you doing seeing the conditions like today .....!

Regards.
Yoshie.

I am doing some research and other stuff to monitor the recent market conditions, and I pay attention to what might be happening in case market drops so bloody. However, I keep motivating myself not to panic yet because wrong decisions may lead me to bigger losses. With bitcoin top price today, fud is already happening and I think most investors started to be anxious of nowadays due to bad news and disappointing ideas of other people.

examplens

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Quote from: YOSHIE on February 23, 2021, 02:32:30 AM

I saw some media, youtube, 100% of people involved in the crypto world. 30% panic, there are hundreds of inaccurate and irresponsible information, many people sell, the current market conditions are red, I am completely wary of this phenomenon, my mind is stuck, solutions are not found, strange, but that's what is happening right now.

Here in the local newspaper (fully without any crypto knowledge) announced the news of the great fall of Bitcoin portraying it as a complete debacle.
The opinion is like ass, everyone has it. It certainly matters what the source of the information is.

1st February Bitcoin worth around $32k. 20 days later he touched $58k. How is real to double the price in such a short time and stay there although it is a long bull run period behind him.
I think this is just a consolidation.

Rikafip

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Quote from: NeuroticFish on February 23, 2021, 07:55:21 AM

TA people were expecting a 30-40% drop one month ago. Since then the price almost doubled (32k->58k). Now we have a correction. Fine. Some want to cash in, the market needs to catch its breath or refuel the rocket.
The rule for investing only money you afford to lose exists exactly to not freak out in times like this

True, pretty much everyone expected this to happen some time ago, but all of this was postponed by Elon Musk, his tweets and making his purchase of bitcoin public. I remember people even expected it to drop at mid 20k levels, so what we are experiencing now is nothing, thanks to Musk and the pump.

As to answer to OP what's best course of action, my advice is to hodl as it's the stress free solution. You might miss the opportunity to acquire more BTC by selling and then buying back, but at least you won't loose anything,and thats also why something.

One thing is sure though, at least it's not boring

.

LUCKMCFLY

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I have learned something about the markets and it is that sometimes we cannot be influenced by the news or by some influencers, they mostly speak what they think and feel, sometimes they do not have a high financial education, in Livermore's books, he Whenever he did his analysis he never saw news, because it interfered with his market analysis, of course all this changes when there is a fundamental. The news is good to be aware of, but it is better to see it, hear it when you already have an established market vision with decisions already made to manage.

aoluain

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Quote from: The Sceptical Chymist on February 23, 2021, 10:32:15 AM

Quote from: pooya87 on February 23, 2021, 02:55:42 AM

We are repeating the same thing today too when price went from $58354 down to $47400 which is only a 18.8% drop. There is still room to shake out some more weak hands and take their bitcoins at a big discount then sell it back to them at $67000+.

Yeppers. I wonder if newbies to bitcoin realize just how volatile it can be--and I'm also wondering about the big institutional investors and what they might be thinking about an 18% drop pretty much overnight. I have to think that they'd done their research before buying millions of dollars worth of bitcoin, but when you get a correction like this, that's a pretty big hit to the balance sheet if you're holding tons of BTC.

Me? I'm just a bystander watching the parade ebb and flow. If you ask me, now would be a damn good time to buy in, because I don't think bitcoin is done with its rise yet. I don't think it's even close to the top, so dips like this are good opportunities to make even more profit. Too bad I'm flat broke, else I'd be buying bitcoin and some of the better altcoins too.

I'm with ya Pharma! I dont have any spare FIAT to take advantage of the Bitcoin sale.

We all know that we dont lose in times like these if we just Hodl, I'm hoping the recent traunch
of institutional investors have done their homework on Bitcoin and dont develop weak hands.

Anyone around Bitcoin for a few years will be used to this, we know how it plays out ....

onwards and upwards.... with a blip here and there.

Topic: Bloody Crypto market. (Read 345 times)