Bloody Crypto market. | Bitcointalksearch.org

pooya87

legendary

Activity: 3472

Merit: 10611

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

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

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

hero member

Activity: 1834

Merit: 566

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

sr. member

Activity: 2828

Merit: 344

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

sr. member

Activity: 812

Merit: 253

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

hero member

Activity: 2926

Merit: 567

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

full member

Activity: 2548

Merit: 217

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

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

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

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

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

sr. member

Activity: 1484

Merit: 277

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

full member

Activity: 854

Merit: 100

The OGz Club

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

sr. member

Activity: 1876

Merit: 318

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

legendary

Activity: 2576

Merit: 1655

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

full member

Activity: 2324

Merit: 175

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

hero member

Activity: 3010

Merit: 794

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

hero member

Activity: 1974

Merit: 502

Vave.com - Crypto Casino

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

legendary

Activity: 3472

Merit: 3507

Crypto Swap Exchange

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

legendary

Activity: 1722

Merit: 5937

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

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

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

legendary

Activity: 2436

Merit: 1362

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.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

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

sr. member

Activity: 2240

Merit: 270

SOL.BIOKRIPT.COM

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

legendary

Activity: 3528

Merit: 7005

Top Crypto Casino

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

full member

Activity: 686

Merit: 146

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

hero member

Activity: 2086

Merit: 994

Cats on Mars

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

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

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

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

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

legendary

Activity: 1652

Merit: 1265

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

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

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

sr. member

Activity: 2366

Merit: 332

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

full member

Activity: 1274

Merit: 115

★Bitvest.io★ Play Plinko or Invest!

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

legendary

Activity: 2179

Merit: 1201

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

Upgrade00

legendary

Activity: 2114

Merit: 2248

Playgram - The Telegram Casino

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

legendary

Activity: 3472

Merit: 10611

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

legendary

Activity: 2254

Merit: 2305

Marketing Campaign Manager |Telegram ID- @LT_Mouse

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

legendary

Activity: 2128

Merit: 1775

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. (Read 345 times)