Crypto dip today - page 6. | Bitcointalksearch.org

Wakate

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Quote from: swiftxi on September 08, 2021, 05:02:53 AM

As expected 10-15% dip happened to almost all coins.Im surprised to see XRP 15% dip, btc only 10%.
How far will it go down ? Huh

The dip was really strange to many traders which had keep a lots of traders into loses which is a sign of ranging market. Many had speculated that the price of Bitcoin is going to fall drastically into a bearish market but after the fall, the price of Bitcoin came back to $47k and later went back to $44k before ranging between the two price till now. Even though the market is going to fall, I think it's too early for the Bitcoin market to fall at this correcting period that many traders are expecting the price of Bitcoin to go back to it upward trend.

Although the dip was not so massive but there is still hope for the market to gain back it strength to continue it upward trend but no one knows when this upward trend will continue.

uneps

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Quote from: trauchot on September 08, 2021, 06:16:48 AM

Most likely this is just a small correction, since the growth of the cryptocurrency market is still expected by the end of this year, of course, everything can be vice versa, so it is worth considering all the options that can happen with the cryptocurrency market, and of course, some cryptocurrencies showed good growth during this dump, for example, Solana, most likely big players withdrew large amounts of bitcoin and invested in Solana, since it is still difficult to understand why the price of Solana was growing so quickly.

I've also switched from bitcoin to solana. I'm very interested in solana at the moment. Lately solana is growing and developing very well. An unexpected price increase occurred for the solana coin. I think solana is the solution of the future. Currently, there are many projects collaborating with solana, and the projects are also very good, such as solanium which is very popular on the solana network.

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Quote from: Reid on September 08, 2021, 11:26:38 AM

You don't need to be surprised with XRP. It will happen sooner or later.
Be surprised when it's Bitcoin going down because there's always a chance every altcoin will be dragged by it.
I was just a little bit shocked and perhaps some whale just played with the market using the recent news about El Salvador.
Although it should not be an exaggerated reaction because Bitcoin still fell at its bottom price 2 weeks ago. It's still okay.

Maybe because OP still new and he's just assuming with XRP, there's nothing to be surprised knowing that this coin still have a pending case sooner or later the price may fall for more if they won't able to resolve their problem with the SEC.

More on Bitcoin side, the market still following the influenced of Bitcoin, so what we now is the domino effect inside, Bitcoin experienced massive sell and so with most alt project.

We don't know if this will continue to dive. Whales are taking this opportunity to shake the market and to let those panic holders
to sell out and lose their investment.

magnum cyber

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I'm not surprised after seeing today's crypto drop. and of course there is the possibility of the impact of the decline in the price of bitcoin which makes most other altcoins go down. for me personally this is a good opportunity to buy some selected coins before the market situation really improves again.

teosanru

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Quote from: swiftxi on September 08, 2021, 05:02:53 AM

As expected 10-15% dip happened to almost all coins.Im surprised to see XRP 15% dip, btc only 10%.
How far will it go down ? Huh

I think it's the end of this bull run, just like the previous correction whales were waiting for enough longs to open, so they could just give a big correction in the market to make sure enough liquidity is available, the price fell around $9000 in just a day which really is too much, I think from here market would show another leg down before it would stabilize and then move sideways for a while before going down once again for one final time, people who are talking about breaking all-time high let's meet you after next halving because I am sure that thing isn't going to happen before the next halving.

Quote from: Anonylz on September 08, 2021, 01:33:12 PM

Quote from: Jackl87 on September 08, 2021, 05:46:41 AM

I think the dip already happened yesterday and it was also a pretty hefty dip. Bitcoin went down from 50k to almost 44k in just 30 minutes, so that was definitely more than just a normal correction. The same happened with ETH, it went down from 3.700$ to 3.100 $ within 30 minutes. I am still not sure though what has caused this massive and fast price crash. Maybe it was because BTC is now an official method of payment in El Salvador and this did not have any positive effect on the price so that many people became nervous and decided to cash out some profits? At least it seems now that the dip have stopped and BTC is now again pretty stable at around 46k.

It would have been the opposite with the El Salvador news but it seem odd and very unusual with that sudden and unexpected dip, El Salvador case should have been something positive enough to spike the price not dumping it, I don't think this is the case, perhaps something different from it, although very hard to say, am looking out to see a better explanation to the sudden dip, am positive about the market so no panic sell for me.

How many times have you seen expected happening in this market? This is a market of the unexpected, whales were waiting for this opportunity to ensure everyone is bullish on btc, El Salvador buying BTC gave them a big opportunity and they aren't bad at encashing it.

Review Master

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Quote from: swiftxi on September 08, 2021, 05:02:53 AM

How far will it go down ? Huh

None can say that accurately, but we can only speculate according to TA of current situation. So monitor/analysis the chat closely to get ideas about it. For example, weekly closing needs to be greenish in order to see rebounding, else we bitcoin could dump more to $42k level or less and other alts might dump more. But we can buy more for long term hodling , so DYOR before taking any decision. Wink

Anonylz

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Quote from: Jackl87 on September 08, 2021, 05:46:41 AM

I think the dip already happened yesterday and it was also a pretty hefty dip. Bitcoin went down from 50k to almost 44k in just 30 minutes, so that was definitely more than just a normal correction. The same happened with ETH, it went down from 3.700$ to 3.100 $ within 30 minutes. I am still not sure though what has caused this massive and fast price crash. Maybe it was because BTC is now an official method of payment in El Salvador and this did not have any positive effect on the price so that many people became nervous and decided to cash out some profits? At least it seems now that the dip have stopped and BTC is now again pretty stable at around 46k.

It would have been the opposite with the El Salvador news but it seem odd and very unusual with that sudden and unexpected dip, El Salvador case should have been something positive enough to spike the price not dumping it, I don't think this is the case, perhaps something different from it, although very hard to say, am looking out to see a better explanation to the sudden dip, am positive about the market so no panic sell for me.

Cling18

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Quote from: swiftxi on September 08, 2021, 05:02:53 AM

As expected 10-15% dip happened to almost all coins.Im surprised to see XRP 15% dip, but only 10%.
How far will it go down ? Huh

This happens yearly and I see no problem with it. It's actually a good opportunity for those who are waiting for the dip for them to buy and accumulate more. This dip wouldn't last long and it's also necessary to balance the market flow. It could possibly strike lower but lots of analysts say that a good pump would come after this.

Oneandpure

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Will be today the last day for bitcoin and altcoin price dip? I am not patient when got chance to entry last night before bitcoin crash coming, maybe if waiting about one or two hours I will get bigger and gold moment to buy altcoin on dip price. Most disappointed to early entry with alpaca coin before price crash after bitcoin dump, maybe waiting again when bitcoin break out to get my altcoin assets back to higher price.

Reid

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You don't need to be surprised with XRP. It will happen sooner or later.
Be surprised when it's Bitcoin going down because there's always a chance every altcoin will be dragged by it.
I was just a little bit shocked and perhaps some whale just played with the market using the recent news about El Salvador.
Although it should not be an exaggerated reaction because Bitcoin still fell at its bottom price 2 weeks ago. It's still okay.

reza7777

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Quote from: ?? on ??

Today's market fell more than 8%, we'll see until a week, if the market continues to decline then the opportunity to continue will continue, but I think this is a good thing for me because there is an opportunity to buy at a low price, I'm optimistic the market can recover at the end year.

Even though it doesn't recover at the end of the year I don't think it will be a problem because bitcoin in my opinion is for the long term, so if the decline continues then there are opportunities to buy and sell in the future, maybe 5-10 years

$anounimus$

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Quote from: swiftxi on September 08, 2021, 05:02:53 AM

As expected 10-15% dip happened to almost all coins.Im surprised to see XRP 15% dip, btc only 10%.
How far will it go down ? Huh

The downturn in the market that has occurred over the last two days won't last too long either, as some people say this is normal and there will be a possibility for a larger percentage of pumps to occur, so I also hope it can happen in the near future and I will not complain with the current market conditions.

Mpamaegbu

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Quote from: ?? on ??

I think we are not yet done, theres more dip to happen. Bitcoin might crash to $41k, or even further.

The 1hr and 4hr TFs already are showing signs of reversal as we can see from the charts below. Even though I don't want to say it reached the oversold area, I want to believe it's a healthy place for any trader to want to long it. It's a risk worth taking at the moment.

This third chart shows when traders/investors should begin to get worried if price breaks the white horizontal line; that's at $40,921. That line was once a strong Resistance but later turned Support. I doubt Bitcoin will dip below it.

Note: I don't rely on RSI alone to take a shot because it's a lagging indicator. Check Price Action and you will see that price is already shooting up from the formation of the candlesticks in charts 1 and 2.

sammy21

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Quote from: Jackl87 on September 08, 2021, 05:46:41 AM

I think the dip already happened yesterday and it was also a pretty hefty dip. Bitcoin went down from 50k to almost 44k in just 30 minutes, so that was definitely more than just a normal correction. The same happened with ETH, it went down from 3.700$ to 3.100 $ within 30 minutes. I am still not sure though what has caused this massive and fast price crash. Maybe it was because BTC is now an official method of payment in El Salvador and this did not have any positive effect on the price so that many people became nervous and decided to cash out some profits? At least it seems now that the dip have stopped and BTC is now again pretty stable at around 46k.

indeed since yesterday there has been a decline and until now it is still happening and getting deeper, this also makes me wonder what the cause is, some strong coins have decreased by 10% even BNB to 15%, I hope this doesn't last long but on the other hand it can be time to buy powerful coins in the market at least 10 top ranking considering the cheaper price than some time ago.

Snappycoco

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Its not going down much from here. I heard that over leverage was the cause of this but I think someone or some group might sold at 51K$. I also heard that miners were the ones who sold off so I think it was easily eatin up by supports level and by this, it could get up from here to the moon again unless some institutions dump again.

naikturun

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I predict based on history that has happened, and many say that history will continue to repeat itself, so the highest point of btc yesterday was at 52k$ before the decline occurred and if you look at the previous charts, then the decline this time will touch up to 40% from the highest point before that , so my assumption is that btc will still drop to the range of 32k$ - 35k$.

Yaunfitda

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Quote from: [email protected] on September 08, 2021, 07:34:11 AM

Quote from: Spack17 on September 08, 2021, 07:06:04 AM

For Ethereum for example, it is a drop which is more than 10%. And I'm hoping to see the drop no more than 15%. The prices of most of the coins in the market got a good acceleration recently and I never hoped a this big price correction. I was expecting a little price correction after Bitcoin reaches $55k. But it happened earlier and at a really high rate. This could be the biggest drop in such a short time in history I guess. September seemed great when I saw most of the coins increasing but it is not like that now. I wonder why Bitcoin and the rest of the market have this much bad luck in every September.

for now maybe only 10% but hopefully it will stop at this stage. because there is also a possibility that the dump will occur gradually. and this is precisely what is considered dangerous for some investors who are still holding their assets and have not come out to secure their money.
I just suspect the dump might happen in 2-3 stages for this season. and there will still be price stabilization but dumps will happen again.

The bleeding has stop, ETH is trying to get to $3500 while BTC is $47k, so the initial crash was supported and now it's just a matter of time how this support will go in the next 24-48 hours.

I still believed that September is going to be a healthy month, we can't conclude it's not since we are still in the first or second week, so there's al of leg room to see the price moving again to the positive direction and go to $50k or higher before the month end. I think we are in wave 2, so this dip is just about time so that new investors can get inside the market while it is still in down trend.

Jating

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Quote from: swiftxi on September 08, 2021, 05:02:53 AM

As expected 10-15% dip happened to almost all coins.Im surprised to see XRP 15% dip, btc only 10%.

It's because BTC is the prime mover and everyone is still dependent on its price movement. So it dip today and the rest of the altcoins followed.

Quote from: swiftxi on September 08, 2021, 05:02:53 AM

How far will it go down ? Huh

No one can really say exactly how far this dip will go, it dip at $43k, then rebounded to $47k for a few hours and now at mid $46k. So maybe we can see it trading sideways again as it is the case in the last couple of months and then bounce back again to $50k. So let's see how it pan out, but I would say that we are still in the bullish sentiments. This is just a minor set back and a correction due to several news.

[email protected]

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Quote from: Spack17 on September 08, 2021, 07:06:04 AM

For Ethereum for example, it is a drop which is more than 10%. And I'm hoping to see the drop no more than 15%. The prices of most of the coins in the market got a good acceleration recently and I never hoped a this big price correction. I was expecting a little price correction after Bitcoin reaches $55k. But it happened earlier and at a really high rate. This could be the biggest drop in such a short time in history I guess. September seemed great when I saw most of the coins increasing but it is not like that now. I wonder why Bitcoin and the rest of the market have this much bad luck in every September.

for now maybe only 10% but hopefully it will stop at this stage. because there is also a possibility that the dump will occur gradually. and this is precisely what is considered dangerous for some investors who are still holding their assets and have not come out to secure their money.
I just suspect the dump might happen in 2-3 stages for this season. and there will still be price stabilization but dumps will happen again.

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Quote from: swiftxi on September 08, 2021, 05:02:53 AM

As expected 10-15% dip happened to almost all coins.Im surprised to see XRP 15% dip, btc only 10%.

People are liquidating their altcoins to the bitcoin and major coins. People were also converting their XRP to the bitcoin to decrease the risk by hodl altcoins that can decrease even deeper than bitcoin.
15% decrease on XRP has proven it. I have been also losing good amounts from my hodling. Im still waiting for the recovery phase.

Quote from: swiftxi on September 08, 2021, 05:02:53 AM

How far will it go down ? Huh

None knows about this but when you're seeing the bitcoin chart and it may go down again even deeper than before. I personally waiting for the bounce on bitcoin that may pull the bearish trend to be changed into the bullish trend again. The big whales were dumping bitcoin and that was also making the market feels panic, the worst news was also coming from the coinbase as it can be sued by SEC if coinbase was still running the lending service.

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