Coin prices down 25% to 30% this morning.

South Park

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Quote from: Leonardo7 on March 22, 2020, 02:08:35 PM

Quote from: Paycheck on March 12, 2020, 06:45:49 AM

I just need to learn when to sell at the right time.

Just avoid greed when intending to take profit because your temperament may be telling you that you are about to hit a new milestone which is not bad, it's always very painful while trading that you refuse to sell after achieving 20% profit and then the price dumps badly again. The bank can't give you 20% in a month so getting that in 2-3 days in Crypto is a good deal.

The bank that gives you the biggest profit in my country only offers 9% per year which is not even 1% per month, people in their greed and their desire to get profits now forget that if you are able to get something between 15% and 25% per year then you could become a millionaire in a decade with a decent starting capital and yet they keep looking for icos and altcoins with no future when bitcoin alone could give you those profits in a month, so it is important to not be greedy and avoid being caught in those downward movements.

akeda

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I was surprised by the market conditions at that moment slumped very sharply. I checked the money in the reduced exchange very much. Yes, I also panicked and I sold Waves coins. After reading a lot of news that emerged, crypto coin prices turned out because of the situation spreading the virus pandemic.

The step I took next after knowing the cause of crypto prices dropped. I started doing strategies to re-buy. I am currently getting a little profit because the price of Waves is back up following Bitcoin growth.

Leonardo7

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Quote from: Paycheck on March 12, 2020, 06:45:49 AM

I just need to learn when to sell at the right time.

Just avoid greed when intending to take profit because your temperament may be telling you that you are about to hit a new milestone which is not bad, it's always very painful while trading that you refuse to sell after achieving 20% profit and then the price dumps badly again. The bank can't give you 20% in a month so getting that in 2-3 days in Crypto is a good deal.

South Park

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I am terrible at Fantasy Football!!!

Quote from: pixie85 on March 14, 2020, 05:38:43 PM

Quote from: South Park on March 14, 2020, 04:23:24 PM

Whenever you see such a huge drop in the market you can be sure that a lot of people were using a huge amount of leverage and they were surprised by the sudden movement of the market and were unable to get out of it before losing most or all of their capital,

Leveraged positions got rekt! Maybe they'll start playing with their own money instead of borrowing what they cannot afford, greedy bastards!

Quote

if you are truly looking for a bottom I think it is too soon, this crisis is probably going to continue for some time so if you are patient I think you could get bitcoin for a way cheaper price than what you can get it right now.

What would be the bottom then? We aren't going below the 2019 bottom that's for sure! BTC is already oversold by a lot and most hodlers didn't sell.
Also, mining profitability is at 5-6 thousand.

There is a very low probability of going that much lower than what we have reached already, the biggest difference is how long that bottom could last, the price only touched that bottom and immediately bounced out of it but if the situation gets worse around the world then we could expect to hit that bottom again and remain there for weeks, I know the price of mining a coin is more expensive than that bottom but that has no relationship with the price as the demand is what drives the price up or down.

cazkooo

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Quote from: The Sceptical Chymist on March 16, 2020, 09:16:00 PM

But I totally agree, it's a great buying opportunity--but only if you think we're at least near the bottom. It certainly isn't clear to me whether that's the case or not and I would probably guess that bitcoin could fall even further, even though it's lost almost 50% this year already. Everything depends on when this virus and panic burn themselves out, and the longer they both go on, the worse it's going to be for all asset classes.

It could be going down even further or it could be the bottom already and we are now going to go higher. There is no certainty in it because as of now some people are not certain for the fact that the current dump could be caused by the outbreak of COVid-19. Some chinese guy that got infected could be selling it all lol , jokes aside

The Sceptical Chymist

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Quote from: Paycheck on March 12, 2020, 06:45:49 AM

Why are cryptos falling, their prices should be rising like gold at times like this.

It's because people don't use them as currency and fiat isn't in trouble, and people have been selling everything for the past week or so because of the outbreak.

But I totally agree, it's a great buying opportunity--but only if you think we're at least near the bottom. It certainly isn't clear to me whether that's the case or not and I would probably guess that bitcoin could fall even further, even though it's lost almost 50% this year already. Everything depends on when this virus and panic burn themselves out, and the longer they both go on, the worse it's going to be for all asset classes.

criza

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Quote from: Paycheck on March 12, 2020, 06:45:49 AM

Buying opportunity approaching! I just need to learn when to sell at the right time.

Why are cryptos falling, their prices should be rising like gold at times like this.

I opened up coinmarketcap this morning, saw all the red, and said "holy fucking shit".

Weird times, but whatever, as long as I make a big profit!

Sad to see coins dumping all of a sudden, might be because of the virus spreading across borders. But hey, for me, as far as the dumping goes, there would be more people that might invest in it and after the virus have been cured, new wave of demand would make it possible for the price of Bitcoin or other Crypto currency to shoot up.

Selling Bitcoin for now, would be a huge loss especially when the times comes closer for the halving.

Smitty Werben Man Jensen

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today also the market has decreased by 10-20%, and is likely to continue, because the support of bitcoin prices is still at the level of $ 3500, and hopefully that support can be strong and continue the bullish trend after halving

tbterryboy

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I was expecting stock markets to crash because those are business' and any business who doesn't get affected by the corona virus at least gets affected by the economical troubles it has caused and the others are directly related to it. However, I wasn't expecting bitcoin to drop, you can't really tell me there is a connection, not like we exchange bitcoins at hand, we do not really spend it everywhere neither, it is not a business, basically nothing that affects bitcoin at all.

On top of that it doesn't really affect altcoins even further, you can say bitcoin was affected because there is a general impact on economy and bitcoin became part of it but altcoins are still quite small, how could they ever change anything by going down or up, they are still irrelevant if you ask me but they were impacted as well for some reason.

pragna

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Quote from: Paycheck on March 12, 2020, 06:45:49 AM

Buying opportunity approaching! I just need to learn when to sell at the right time.
Why are cryptos falling, their prices should be rising like gold at times like this.
I opened up coinmarketcap this morning, saw all the red, and said "holy fucking shit".
Weird times, but whatever, as long as I make a big profit!

Don't be panic at present situation where world economy has broken down and crypto market as well as. Be patience that market will recover soon when COVID-19 will recover. Market may down more and more and it was expected at present situation.

So be patience.

cazkooo

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Quote from: thesmallgod on March 16, 2020, 12:11:05 AM

Hopefully, coronavirus cure is discover soon and we will not have many waves of panic sellers again. Although there has been debate that the whales also have hand in the current price slip

For some reason I doubt that COVid-19 is the main reason that people are panicking. I mean yeah some people could be panicking but it is hard to really think that it is the main reason that this dump happened. It could just be a storm before the sun, the halving is going to happen in like 2 months so some whales might take opportunity by dumping right now

thesmallgod

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whatever could have happened, I think this is the right time for anyone with fiat to buy crypto and be certain to make some cool money after the coin recover. The price of bitcoin is around 5.2k and it as being in that for a while now meaning the current price is at its deep. Hopefully, coronavirus cure is discover soon and we will not have many waves of panic sellers again. Although there has been debate that the whales also have hand in the current price slip

Meowth05

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This is a golden oppurtunity for cryptopreneurs to buy cheaper coins and hope that it will increase when all this ordeal ends. This might not be the time for a big surge in prices but let us look in the bright side of things. Buy low sell high

boltz

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Buying opportunity ? Hmm if you have a lot of cash and the money flow won't affect your incomes , then yes , it's a great time for investments in every domain but don't go all in , buy in small proportions. Don't forget that if you're source of income is not affected by this crisis we're facing now, you're okay but if you're not in this situation , don't trow your cash, not now at least.

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Quote from: Chrystora123 on March 15, 2020, 10:58:41 AM

Quote from: Paycheck on March 12, 2020, 08:00:54 AM

snip..

90% of all crypto coins have been drastically dropped to below 40%. Bitcoin, Litecoin, Bitcoin Cash, Chainlink, Dash and Neo are the best to buy when the market is red like now. good luck for all of us-

Study deeper before engaging in to whatever coin you are planning to invest your money. There's no certain stopping point for this downfall, you can lose even you think it's already reached the lower position. It's still possible to go down much further.
Invest Money that you can afford to lose in case you need to let go or you need to wait for more time of holding.

Chrystora123

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Omicron is another FUD

Quote from: Paycheck on March 12, 2020, 08:00:54 AM

snip..

90% of all crypto coins have been drastically dropped to below 40%. Bitcoin, Litecoin, Bitcoin Cash, Chainlink, Dash and Neo are the best to buy when the market is red like now. good luck for all of us-

awik p

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Quote from: Assface16678 on March 15, 2020, 10:33:23 AM

Quote from: BuNga_cute on March 15, 2020, 07:32:35 AM

Many people are surprised to see bitcoin price movements in recent days, because prices have experienced a very drastic decline.
Even some people panic, then sell their bitcoin. If bitcoin has decreased in price, it must be followed by altcoins who also came down.
For me it does not matter what the reason that makes the price of all coins has decreased. What's important now this is a great
opportunity to buy coins at very cheap prices in my opinion.

Today we experience the dropping of market price of the bitcoin the same with the altcoins does event does not happen immediately in just a single day the market price from 7k dollars it fall rapidly into 3.8k dollars within 30 minutes and many people getting alarmed to and they sell their coins that may cause of lowering the market price of the coin also one of the cost of the lowering of coins price is the pandemic virus spreading over the world there are some people making investment to the cure of the virus so they need to manage and pull out their funds also there are a lot of people making withdraw because they need to use their money to buy a lot of things and foods because of the shortage happening.

besides they are worried about the price of cryptocurrency, there are also many people who need funds to buy basic necessities, where prices soar. the number of people who reduce activities certainly makes the necessities of life increasingly scarce and higher prices. but I don't think this will last long as this virus can be overcome

Assface16678

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Quote from: BuNga_cute on March 15, 2020, 07:32:35 AM

Many people are surprised to see bitcoin price movements in recent days, because prices have experienced a very drastic decline.
Even some people panic, then sell their bitcoin. If bitcoin has decreased in price, it must be followed by altcoins who also came down.
For me it does not matter what the reason that makes the price of all coins has decreased. What's important now this is a great
opportunity to buy coins at very cheap prices in my opinion.

Today we experience the dropping of market price of the bitcoin the same with the altcoins does event does not happen immediately in just a single day the market price from 7k dollars it fall rapidly into 3.8k dollars within 30 minutes and many people getting alarmed to and they sell their coins that may cause of lowering the market price of the coin also one of the cost of the lowering of coins price is the pandemic virus spreading over the world there are some people making investment to the cure of the virus so they need to manage and pull out their funds also there are a lot of people making withdraw because they need to use their money to buy a lot of things and foods because of the shortage happening.

mrquackquack

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Well in my opinion it gives the dollar or any other "traditional" currency more buying power, given the fact that the global stock markets have plummeted along with the majority of crypto currencies.

desertfox470

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Quote from: Darker45 on March 12, 2020, 07:27:27 AM

Well, time is always weird with Bitcoin's price. That's the normal of Bitcoin. It rises just when you think it will fall and it will fall just when you think it is being carried by the bulls. I cannot explain why the price of Bitcoin is falling right now. I was feeling bullish about Bitcoin several days ago when it crossed $10,000, but it seems my gut feeling is never accurate. I thought we will hit $12,000. Well, I guess both the traditional market and crypto market are now affected by the fear of COVID-19 pandemic.

I think it's more people were losing money in the stock market and got nervous so the average large trader tried to sell off their bitcoin and wanted fiat instead.

Topic: Coin prices down 25% to 30% this morning. (Read 404 times)