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Topic: Crypto market is plunging - page 4. (Read 1233 times)

member
Activity: 1764
Merit: 10
November 28, 2020, 01:49:00 PM
#54
There was a slight correction of the cryptocurrency market and many cryptocurrencies fell slightly in price, but it is already clear that almost all cryptocurrencies have recovered and it looks like another growth is expected, so I do not think that another correction of cryptocurrencies is expected this year, most likely now cryptocurrencies will start to reach new heights.
legendary
Activity: 2282
Merit: 1041
November 28, 2020, 01:48:20 PM
#53


It quickly bounces today, it really is just a black Friday sale for anyone who wants to join. The whales are just trying to give everyone a chance to live comfortably in the future. Although $16000 is still very pricey the altcoins are good investments for anyone who can't afford BTC. The Crypto market isn't as harsh as I thought after all. I noticed it too that altcoins didn't plunge too deep compare to BTC.
copper member
Activity: 966
Merit: 5
November 28, 2020, 01:16:13 PM
#52
Whenever the market grows so high there is always a time for price drop and it is called price correction, before another growth starts, although sometimes it can be a huge dump. I guess the reason why most people are still sceptical is what happened in 2017 where the market grew so much and dumped massively, wherein no pump like this have been witnessed for long untill now. Nevertheless, we should understand that, in consideration with the good attention from platforms like PayPal and institutional investors coming into the crypto space, the price correction this time around is different and can be called a "healthy" one. So yes, the crypto market is plunging but not like before.
full member
Activity: 1750
Merit: 118
November 28, 2020, 12:53:22 PM
#51
There will always be ups and down in crypto and this is a normal healthy correction. Well we need to analyze the sentiments of the market but i think it will be stable for quite sometimes, then an increase might probably start next week on weekdays.
That's right, we might start seeing positive markets again next week. I feel that what happened 2 days ago is part of a fairly normal market fluctuation, but still we shouldn't underestimate it, hopefully we all keep profit
no one under estimate the drop that happen last day because it was kinda big but also no one under estimates the ability of btc and those that top coins that were dumping because they can surely recover those amounts that have lost but im worrying about the smaller coins because they may take time again for them to achieve those ath that they reached . not all are in profit but theres that people that loose after a dump , those people that sell before the dump are lucky to secure a profit .
sr. member
Activity: 913
Merit: 252
November 28, 2020, 12:51:30 PM
#50
Today all Crypto markets are starting a strong and significant price drop, a lot of top coins are falling like BTC, ETH, XRP ... there will be a price correction coming strongly, what do you think about this after the strong drop this morning.

Do you really expect the exchange rates to go up all the time? In less than a month, the Bitcoin prices increased from $10K to $20K, and now we are under a correction phase with the prices fluctuating in the $17,500-$18,000 range. Ups and downs are a part of life in cryptocurrency market. If you can't deal with it, then probably you should not be investing in cryptocurrency.
member
Activity: 1274
Merit: 14
November 28, 2020, 12:43:09 PM
#49
The market was plummeting after its rapid growth. And this is in the order of things. The market is correcting after such shocks, one might say. Now we see again that the market is in the green sector. Let's go swing. The moment when successful traders make their fortune.
legendary
Activity: 1540
Merit: 1002
November 28, 2020, 08:51:18 AM
#48
There will always be ups and down in crypto and this is a normal healthy correction. Well we need to analyze the sentiments of the market but i think it will be stable for quite sometimes, then an increase might probably start next week on weekdays.
That's right, we might start seeing positive markets again next week. I feel that what happened 2 days ago is part of a fairly normal market fluctuation, but still we shouldn't underestimate it, hopefully we all keep profit
full member
Activity: 983
Merit: 100
November 28, 2020, 08:00:49 AM
#47
Please allow it, it's healthy for traders. The market is giving us enough time to make calculation and take appropriate action before another good leap. If you followed 2017, you will know we are in good time.
Yes, those who have seen the market and felt the profits in 2017 will certainly know about the current conditions, but everyone will still not be able to fully guess the conditions that will occur in the next month, because everything will not be exactly the same as what happened occur.
member
Activity: 882
Merit: 13
November 27, 2020, 10:58:13 PM
#46
There will always be ups and down in crypto and this is a normal healthy correction. Well we need to analyze the sentiments of the market but i think it will be stable for quite sometimes, then an increase might probably start next week on weekdays.
sr. member
Activity: 1498
Merit: 251
KUWA.ai
November 27, 2020, 06:44:07 PM
#45
Please allow it, it's healthy for traders. The market is giving us enough time to make calculation and take appropriate action before another good leap. If you followed 2017, you will know we are in good time.
There are so many new traders are feeling panic caused by this correction. The chart looks the same with the old chart. A correction after a bullish waves and that makes sense to see that. Despite the correction and people didn't aware if they have been getting another chance to buy more coin at the cheap price. People just didn't realize it.
member
Activity: 858
Merit: 13
Christ The King
November 27, 2020, 06:18:19 PM
#44
Please allow it, it's healthy for traders. The market is giving us enough time to make calculation and take appropriate action before another good leap. If you followed 2017, you will know we are in good time.
sr. member
Activity: 1092
Merit: 250
November 27, 2020, 03:27:32 PM
#43
Today all Crypto markets are starting a strong and significant price drop, a lot of top coins are falling like BTC, ETH, XRP ... there will be a price correction coming strongly, what do you think about this after the strong drop this morning.

thats mean we should think to buy more in lower price, before the up trend conitue my friend
because this is only a corrections and we don't need to be worry, everything will green again soon
sr. member
Activity: 1020
Merit: 391
November 27, 2020, 03:24:28 PM
#42
In my opinion, no, we can consider it a necessary correction to not demonstrate a bomb and dump in the current market. Thus, when studying market analysis we find a correction pattern where the greatest difficulty is to hit or predict the extreme fall. The analysis cannot always be correct because we cannot predict future events in the world.
full member
Activity: 910
Merit: 101
November 27, 2020, 01:57:50 PM
#41
increases and decreases are very common towards the end of the year. unless people who are new to crypto will definitely be very panicked, but if those who have been following crypto for a long time will definitely start to collect again or buy bitcoin or altcoin which usually increases every year towards the end
sr. member
Activity: 1582
Merit: 253
November 27, 2020, 01:39:16 AM
#40
This is not a correction. Sometimes the market was doing a small bounty to stabilize its price. This is happening when the pump was occurring in the market.
If you have been watching the market since the big pump in 2017 and you will see so many similar movements that are happening right now. The price needs to find another floor to prepare for the next pump.

i agree to this. but we really can't help users who overthinks so much well a few months back the price is just around $8,000 but now look at the price. the drop was not to be consider as a major drop it looks like it's just a minor drop for me.
sr. member
Activity: 2590
Merit: 322
SOL.BIOKRIPT.COM
November 27, 2020, 01:36:19 AM
#39
Today all Crypto markets are starting a strong and significant price drop, a lot of top coins are falling like BTC, ETH, XRP ... there will be a price correction coming strongly, what do you think about this after the strong drop this morning

I have seen this so many times and I guess I will still see this so many times now and in the future, really nothing new, it's the market volatility that comes to play here, not every one of us here are thinking the same when it comes to buying and selling of our coins, everyone is for himself, or every group is for themselves.
Taking a look at BTC/USD daily time frame will attest to the fact that this is a minor or major correction that had been unfolding, weekly chart also reinforces this fact, price corrections had occurred times without numbers and this not going to be the first neither the last, I don't see any big deal in this plunge Price Action is just playing out there thus there is no cause for alarm or creating unnecessary FUD and I believed this correction will not be a replica of that of 2017 based on the fact that market conditions then and now differs a lot meanwhile experience traders must have capitalized on the price pullbacks and earn profits consistently.
member
Activity: 196
Merit: 12
November 27, 2020, 01:31:41 AM
#38
Don't panic, weak hands are selling off their piece they are probably those who buy bitcoin after the pandemic period, many have already made double gains so selling at 19,000$ is a good target to get out and there are some that thinks that Bitcoin will reach same level as 2017 which was 19,000+ to 20,000$ and stop pumping, we still have weak hands in this space so relax, bitcoin is still very bullish
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
November 26, 2020, 10:42:40 PM
#37
You have already mentioned that it is Strong Correction so nothing we can do but to Bare with it and take advantage of the Low prices before they finally fly to the Moon.
I did not catch up the last peak of Ripple in which 0.75$ but i had sold at 0.68$ so i am Buying now since the correction is over and this is the start of waiting and monitoring because this will happen again like 2017  Grin
hope that things can be the same as 2017 or even beyond that. it's just that, the effect after yesterday's high and strong pump, has the current side effect. the price came back down, and even quite a distance. however, at this time, the price has returned to holding and is starting to recover. I suspect that in December the crypto price started to pump again.
member
Activity: 259
Merit: 17
November 26, 2020, 10:41:36 PM
#36
Today all Crypto markets are starting a strong and significant price drop, a lot of top coins are falling like BTC, ETH, XRP ... there will be a price correction coming strongly, what do you think about this after the strong drop this morning

I have seen this so many times and I guess I will still see this so many times now and in the future, really nothing new, it's the market volatility that comes to play here, not every one of us here are thinking the same when it comes to buying and selling of our coins, everyone is for himself, or every group is for themselves.
full member
Activity: 2408
Merit: 202
November 26, 2020, 10:27:31 PM
#35
Today all Crypto markets are starting a strong and significant price drop, a lot of top coins are falling like BTC, ETH, XRP ... there will be a price correction coming strongly, what do you think about this after the strong drop this morning.
You have already mentioned that it is Strong Correction so nothing we can do but to Bare with it and take advantage of the Low prices before they finally fly to the Moon.
I did not catch up the last peak of Ripple in which 0.75$ but i had sold at 0.68$ so i am Buying now since the correction is over and this is the start of waiting and monitoring because this will happen again like 2017  Grin
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