Crypto market is plunging | Bitcointalksearch.org

Iyeman

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Quote from: lxiaoh on December 10, 2020, 04:02:51 AM

Seems that BTC is facing resistance now，so the crypto market need to correct，my opinion it's very likely that there will be more than one correction, might be will be many corrections before bitcoin can break through resistance.

The correction already ended. People are trying to buy more and more bitcoin right now. There are so many whales have been starting to plan the pump for bitcoin. This time bitcoin can touch 19k rate again dude which is very bullish for the altcoins.
The dump that happened with crypto last week just another correction. i don't think we will see another correction again.
We have been passing so many correction because bitcoin was not able breaking 20k resistance.

Slingshot

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Whatever that goes up must surely come down and rotate Aso that's Cryptocurrency market for you. You don't have to expect it moon always that's one thing with traders I seriously do not like. Once it going up everyone would be happy but when is going down they will start blaming people. You don't have to trade with emotions and also always remember when to enter a market and when to leave knowing the fact it will either moon or dumps

Wysi

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Quote from: newdevices on December 15, 2020, 01:02:26 PM

now the crypto market is excited, the crypto currency market cap has also managed to reach a new All time high,
the problem is that the price of Bitcoin has not yet reached an All time high,
even though less than $ 500 can reach $ 20k and above.

Bitcoin has already reached its ATH, please check the Bitcoin price trend and moreover $20000 is not something which is unachievable or once we achieve it doesn't become a new low for bitcoin, Bitcoin has increased by atleast 400% compared to the end of 2018 and begining of 2019 but we are obsessed with this $20000 which is short by just $500. I think we should be worried and try to understand what's holding altcoins back when Bitcoin has flourished.

newdevices

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now the crypto market is excited, the crypto currency market cap has also managed to reach a new All time high,
the problem is that the price of Bitcoin has not yet reached an All time high,
even though less than $ 500 can reach $ 20k and above.

iTradeChips

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Well, I just saw it and the price is good. I am not sure what dooms day event you are advertising here man. That is just a small correction and you are already panicky and even made the title that cryptocurrencies in general is plunging. Please check again and you will be amazed with the how bitcoin is just holding on with the high price. If you know crypto then you should still be able to earn if bitcoin sits at 7k or 8k. You will be able to earn profits on other cryptocurrencies. Don't Panic! And don't bring others to your mode of thinking.

kapalmabur

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Quote from: Pom_bensin on December 15, 2020, 01:16:42 AM

proven in November the crypto price has decreased. is currently experiencing a good correction and the price is rising. So the decline is not something to be worried about but as a signal to go higher for some time to come

correction of $ 200 happened today, even though the expectation of Bitcoin to reach $ 20k this month is likely to be delayed again,
whether this is like a game and whales are like trapping, we have to be really careful, do not be careless!

Pom_bensin

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proven in November the crypto price has decreased. is currently experiencing a good correction and the price is rising. So the decline is not something to be worried about but as a signal to go higher for some time to come

gamer4156

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This is going on when the siphon was happening on the lookout. On the off chance that you have been watching the market since the enormous siphon in 2018 and you will see so numerous comparative developments that are going on this moment. There is sufficient motivation to accept that the bull run has quite recently started and still can't seem to arrive at its most noteworthy pinnacle. For instance, Paypal is just contribution crypto to a restricted populace of its clients.

Natalim

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Quote from: Yamifoud on December 12, 2020, 05:19:03 PM

Quote from: jahepahit on December 12, 2020, 04:51:47 PM

All these little dips are just an activator to bullish momentum. These are something to panick about. Only newbies will be bothered about these little little dips. A good trader knows where to expect a dip and what to do when it start happening.

People must have to learn from the past, everything will have to change since we are in a volatile market. The dips, the pumps, the market correction, all of these things will be relatively to see and expected to happen. And for that, it is very important to know how to manage our emotions and think wisely before making a decision otherwise, we suffered of a big lose.

It is to understand that noobs will act differently and so they need to acquire additional learning and hopefully, they could adopt the market behavior.

Soon they will if they will learn from their mistakes and experience. Market pump and dump is normal in the crypto space due to its high volatility, but what's important is knowing the right timing which will be develop through continues studies and learning from experience.

When there's a panic, you think the other way, don't sell and panic as well as that is the time where the market offers a good opportunity to accumulate.

Yamifoud

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Quote from: jahepahit on December 12, 2020, 04:51:47 PM

All these little dips are just an activator to bullish momentum. These are something to panick about. Only newbies will be bothered about these little little dips. A good trader knows where to expect a dip and what to do when it start happening.

People must have to learn from the past, everything will have to change since we are in a volatile market. The dips, the pumps, the market correction, all of these things will be relatively to see and expected to happen. And for that, it is very important to know how to manage our emotions and think wisely before making a decision otherwise, we suffered of a big lose.

It is to understand that noobs will act differently and so they need to acquire additional learning and hopefully, they could adopt the market behavior.

tabas

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Quote from: Smitty Werben Man Jensen on December 09, 2020, 04:03:38 PM

reportedly FUD came, that there are 15000 Bitcoins that will be distributed by MTGOX,
this will make the price of Bitcoin drop sharply, hopefully the market that is currently correcting can recover.

And that seem to be the reason why there's a plunge that happened a day ago. But that's not really a lot of market correction. With the distribution, it's expected that there will be a lot of selling orders for the victims that wants assurance of their money back.
But those wise holders and beneficiaries will keep if it's bitcoins that shall be returned or the same amount as what snapshot of the affected customer got and will eventually get into bitcoin for they'll use it to buy bitcoin.

jahepahit

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All these little dips are just an activator to bullish momentum. These are something to panick about. Only newbies will be bothered about these little little dips. A good trader knows where to expect a dip and what to do when it start happening.

lumierre

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Quote from: matchi2011 on December 06, 2020, 07:49:06 PM

Quote from: BTCappu on December 06, 2020, 11:48:50 AM

In my opinion, it is just like guessing where the market will be heading to, but this time around you analyse the market and know the possibilities of it moving to a particular direction, but you are not 100% certain if it’s going to that direction or not. So, you still have to trade with hopes that it moves according to your prediction.

We have seen so many experts who are believed to be well experienced make wrong predictions. And that aside we as well need to be making use of safe tools that can help reducing our less if there happens to be any at all.

The nature of being volatile still ongoing inside the market, even you are thinking that you do understand well the market but there are still many chances that you will missed the right call.

You are just playing with your own specualtions and understanding, once you hit the right call then you'll gain decently but if not, you need to adjust and find the right spot.

Cryptocurrency trading is a struggle with yourself. When you observe market instability, the main thing is to keep your composure, do not make mistakes and continue to adhere to the chosen strategy.
If you decide to engage in cryptotrading, you must learn self-control and iron endurance.

BDBitcoinExpart

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Market does not always go the same way. The market goes up and down. This up and down is called market correction. Usually the purpose of taking market correction is to pump price.

Natalim

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BTC to the MOON in 2019

Quote from: rencong bitcoin on December 11, 2020, 08:36:37 AM

I think the price goes down in the market is a common thing in the world of cryptocurrency, seeing the price movement of a coin that fluctuates will go down in the future, but it will not go on for a long time, the coin price will go up one day and will make history of the increase prices that have been achieved in early 2018.

Common and normal, we are seeing that from time to time so we should not overreact with the price pump as eventually big correction will follow. Newbie may FOMO or panic but us who have experience and witness the way the market moves, it should not be new to us, instead we take advantage on the price volatility as we can buy at its dip anytime.

Mata Kripto

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the current market situation is indeed down, most of the top coins including bitcoin have experienced a significant decline, but for me this is just a market correction. when the time comes we will look back at the highest ATH achievement of bitcoin again. who knows at the end of this year.

imstillthebest

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Quote from: soetikno on December 11, 2020, 08:21:56 AM

a lot of corrections and losses because it is approaching a long holiday, it is possible that traders and whales will take a short break, this is not fud but a cycle every year, nothing in the crypto market even stocks experience a decline when entering December and the new year

they are humans too and they need a break atleast one month and they decided to choose the month of december ,
thats reasonable and if i were to choose if what month ill do my break ill also choose the same month because this is the last and the verry special among other months .
for the rest of the people they should take note of this month every year to prepare early if they are going to sell or hodl so that every body is going to be happy .

rencong bitcoin

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I think the price goes down in the market is a common thing in the world of cryptocurrency, seeing the price movement of a coin that fluctuates will go down in the future, but it will not go on for a long time, the coin price will go up one day and will make history of the increase prices that have been achieved in early 2018.

soetikno

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a lot of corrections and losses because it is approaching a long holiday, it is possible that traders and whales will take a short break, this is not fud but a cycle every year, nothing in the crypto market even stocks experience a decline when entering December and the new year

leea-1334

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Quote from: lxiaoh on December 10, 2020, 04:02:51 AM

Seems that BTC is facing resistance now，so the crypto market need to correct，my opinion it's very likely that there will be more than one correction, might be will be many corrections before bitcoin can break through resistance.

Pretty normal really,,, I think a few people were waiting to see if 20k would be broken and they just decided to take profit above 19000. Normal. Plenty more people I feel will be buying it up here, or maybe even a drop to 17 and 16k,,, no need to panic this is perfectly normal.

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