Bloody Crypto market. - page 2. | Bitcointalksearch.org

NeuroticFish

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Quote from: tomahawk9 on February 23, 2021, 08:29:42 AM

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

TA people were expecting a 30-40% drop one month ago.

more like everyone was expecting a correction

Thank you for the good laugh for the day Cheesy

Still, threads like this (and it's by far not alone) makes me believe that 'was not really everybody who were expecting this correction.

ololajulo

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Quote from: Little Mouse on February 23, 2021, 02:49:10 AM

If we consider BTC only (since you posted on speculation board of Bitcoin), BTC is ~16% down from the ATH while in February alone, more than 50% up.
If you were thinking of your position on BTC, I would recommend you to use Stop Loss feature. It sometimes works good in such situation.

Is about picking the right price to stop limit especially when the dump might be a fleet and we come back quickly. I dont know how long the correction will go since it has started over 36 hours, taking position in the altcoins as well. The terrible drag of the whole market with it, is annoying.

The Sceptical Chymist

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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.

orions.belt19

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FUD will always be present and once someone starts to panic sell, it follows quickly like a domino effect. People will sell during a 10% dip but refuse to liquidate a gain of 2x or 5x.. Seasoned traders are filling their bags right now, taking advantage of this dip. I can see many posts and comments asking whether this is already the end and if they should already run for it. Unfortunately, new comers in the crypto space will be shocked by this kind of thing. If they cannot stomach this kind of thing then crypto may not be for them.

tomahawk9

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bleeding seems to have stopped for now, but we'll see what happens once the stock market goes live in about an hour *EDIT as expected, stock markets opens and we head back down

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

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

i'm trying to figure out a way to contact those crypto whales and wall street traders who planned the monday crash and made millions of dollars off it...daily update: still can't find them =P

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

TA people were expecting a 30-40% drop one month ago.

more like everyone was expecting a correction, even the kids who have been waiting to buy one of the new amd and nvidia graphic cards to play pc games but couldn't because of the short supply due to the crypto bull run (and other factors) knew that this was bound to happen. Source: that's all they talk about on discord gaming channels

danherbias07

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Shaking my head. Embarrassed

There is no doubt this will happen but yet, why is still shocking when you see the market going down. Right?
A lot of threads being created about a correction that is unpredictable, we just didn't expect it too soon.
I think we are drown by the non-stop bull and we thought there is no end to it.

This is a good sign though, market is still healthy.
Tree is just shaking and dried leaves will fall. (panic sellers)

maydna

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People still panic to see bitcoin prices going down, which makes the price still going down without us knowing when the price can increase again. But for a long time, the bitcoin price will increase, and I consider this time a correction for the price, and we have the best time to buy bitcoin again. If you want to watch the price move, that will be okay, but I guess you can miss the chance to sell it at a high price, especially if the price can back to the high price as soon as possible. Before you do anything, you should analyze and make sure you know what you want to do.

Wilhelm

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

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

give an idea or something that you know about the current market conditions

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.

On a brighter note, it looks like it's trying to start recovering now..

Exactly. It’s just the process of killing traditional margin traders, killing stop losses and scaring the weak hands...

I think it’s best to postpone the FOMO as long as possible so we get the highest ATH possible Cool

NeuroticFish

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

give an idea or something that you know about the current market conditions

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.

On a brighter note, it looks like it's trying to start recovering now..

palle11

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Quote from: Little Mouse on February 23, 2021, 02:49:10 AM

I would recommend you to use Stop Loss feature. It sometimes works good in such situation.

This a good one not to lose all of your fund at this time of blood flow in the market. Stoploss is a good tool that traders don't apply because they lose sometimes. Bitcoin has got to a correction point, so don't keep expecting a bull for now. Trade with more care is the reality of trade.
Good for little profit and don't stay long to grab all profit at a point, you will have more opportunity to pick profits.

acener

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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.

Regards.
Yoshie.

I don't know if it is a good step or what but I would consider it a good time to invest or hoard.
Whenever the market gets down or bloody I would consider it as a good time to invest specially those who wants to grab some crypto at a low price for those who are constantly crying that they missed it at a low price.

UnDerDoG81

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

Upgrade00

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When getting information from the internet one should always filter what they read and watch inorder to ensure its credibility. Inaccurate information is also posted here on the forum.

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

give an idea or something that you know about the current market conditions

For the last 24+ hours, we have been experiencing price retractions as the value has dropped by more than 10%. Such price changes are expected during a bull run.

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

I mean a good step to consider.

This would depend on their financial situation and your expectations of the market.
• You can Hodl through if you expect the price to rebound, or
• Sell of if you believe it would dip further.

pooya87

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Sometimes it appears that the traders have very short memories, they should spend some of the money they earn or lose in this market on a good doctor to check their brains out Wink

What we have right now is not even new. We had the exact same thing last month too when price fell even bigger from $42000 to $28800 which is a 31.5% drop.
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+.

The same thing has been happening to altcoins too. Bitcoin goes up they get dumped. Bitcoin goes down they get dumped even more.

Little Mouse

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If we consider BTC only (since you posted on speculation board of Bitcoin), BTC is ~16% down from the ATH while in February alone, more than 50% up.
If you were thinking of your position on BTC, I would recommend you to use Stop Loss feature. It sometimes works good in such situation.

YOSHIE

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Activity: 2128

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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.

Topic: Bloody Crypto market. - page 2. (Read 345 times)