>:(After waking up, ETH fell 20%It's going to be even more interesting, Japan's exchange plunge + the info about weak US jobs which leaked and led to the fear of a recession will be huge factors for a week, or even more, in my opinion.
Topic: Cryptocurrencies fall sharply - page 3. (Read 742 times)
>:(After waking up, ETH fell 20%It's going to be even more interesting, Japan's exchange plunge + the info about weak US jobs which leaked and led to the fear of a recession will be huge factors for a week, or even more, in my opinion.
I read a good analysis of the Japanese bank & their 0 to negative interest rates lately allowing for lots of loans in yen to purchase USD. Supposedly the bank raised the rates which caused some runs globally.
https://apnews.com/article/japan-economy-rates-boj-yen-e00919b053412fabf7a800ed78a9ad7a
https://apnews.com/article/japan-economy-rates-boj-yen-e00919b053412fabf7a800ed78a9ad7a
Long is the way to go if you ask me. Its already down, and there are many shorts that you could crash right now, and that means a lot more return for the buck. If you do long now, even if you are wrong, then its going to be very hard to be wrong by that much, so a low leverage long could be a good one right now, whereas shorts are more dangerous, because upside is wide open, meaning that we could go up as much as 15k dollars, and that means waaaaay too many shorts could be crashed, meaning profit for longs. All in all, the risk/reward ratio shows that longs are a lot better right now, and it would definitely help a lot to invest into that. Doesn't mean we have to, but would definitely help.
No doubt, cryptocurrencies are very volatile. Volatility is the reason for a currencies pump or dump in price be it a cryptocurrency or a regular fiat currency.The only difference in fiat is that because of most government regulations and Economic situation of the country, they can be less volatile than cryptocurrencies. The fact is that I really can't tell why the drop in price but it definitely shoke the whole crypto market including altcoins and bitcoin.
According to some sources I read from today over a billion dollars have been liquidated from the crypto market as a result of this dump. Many persons didn't expect the dump anyways let's hope the market recovers sooner.
According to some sources I read from today over a billion dollars have been liquidated from the crypto market as a result of this dump. Many persons didn't expect the dump anyways let's hope the market recovers sooner.
>:(After waking up, ETH fell 20%
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What collapsed was Bitcoin and all cryptocurrencies continued to collapse due to the impact of Bitcoin. Ethereum performed poorly compared to BTC and USDT and wiped out all the gains of the ETF. The support lines are at 2300 and 2100, if Bitcoin drops further then the problem will be.
>:(After waking up, ETH fell 20%What do you expect when Bitcoin price drop, the turbulence is as a result of Bitcoin price further depreciation, although I see this drop as temporal because for few months now, Bitcoin has been experiencing this temporal price depreciation and altcoins has know choice than to follow up their masters lead, it is not a surprise to me that once Bitcoin falls other coin will follow but this shouldn't be a discouragement because I strongly believe that there will surely be a bounce back in a short period of time so panicking at this time shouldn't be entertained, ETH is one of those coins that has value so at this point the right aproach to follow is to keep holding because if you are conversant with the market you would have known that this is not the first time digital the market is experiencung such, if you are not a short-term investor, i think there is know need to panic hence the market potentials are still intact, instead of consistent check of price drop, why not concentrate on acquiring more of the asset if yiu can and Hodl for a long-term.
>:(After waking up, ETH fell 20%This big dump happens to the ethereum. it's because we are losing another big boy who sold their ethereum to the market.
It's only about Ethereum but the whole market has dropped a lot. So, it connects, Bitcoin, Ethereum and other top altcoins have been dropped together with the stock market and even individual country markets like in Japan for which fell -12% currently. It's one of the highest that they've got. I feel bad for them because they are just trying to recover but all of a sudden, this whole drop has happened entirely, globally. The rich are playing around with the market and are we on this month as an actual ghost month? I'm not believing on it but I am starting to believe that it really is a ghost month every August. But hold your horses and don't feel bad about the market, hold and DCA if you can because we might not see these levels anymore when the market recovers above.
>:(After waking up, ETH fell 20%This big dump happens to the ethereum. it's because we are losing another big boy who sold their ethereum to the market.
Source : Bitdegree
Jump Crypto has unstaked all of their Ethereum, then sent it to the exchange sites. Also, the Bitcoin dump made it even worse by adding more pressure to the big dump caused by Jump Crypto's dump. This time, no sign of retracement is showing for Ethereum nor bitcoin.
I'm feeling we may fall even deeper than this time. The chart looks so damn bearish. It seems like there are another bad days ahead us.
>:(After waking up, ETH fell 20%It's going to be even more interesting, Japan's exchange plunge + the info about weak US jobs which leaked and led to the fear of a recession will be huge factors for a week, or even more, in my opinion.
I agree. We may see more dips because of what you said is happening in the Middle East, however, this opportunity should be used with caution, I would go only in spot here. I hope that, by September, there would be better news for all of us
>:(After waking up, ETH fell 20%All altcoins are currently experiencing a crash, the main reason being that the price of Bitcoin (BTC) fell by more than 10%. The altcoins that experienced the worst decline were Lido DAO (LDO) & Chainlink (LINK), they even gained more than 20%. This is a normal cycle in crypto, so don't worry, you can go where you like at the moment, or do activities you like to avoid looking at market conditions
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>:(After waking up, ETH fell 20%It's going to be even more interesting, Japan's exchange plunge + the info about weak US jobs which leaked and led to the fear of a recession will be huge factors for a week, or even more, in my opinion.
Well this is a very big correction for us to have to go in right now. There has been more then $1 Billion liquidated from the market in just last 24 hours.
Tokyo Stock Exchange had the biggest drop ever today. And the most points were lost since 'Black Monday' in 1987. There is alot of American stocks crashing too so it is not just crypto it is the whole world selling.
https://www3.nhk.or.jp/nhkworld/en/news/backstories/3500/
Tokyo Stock Exchange had the biggest drop ever today. And the most points were lost since 'Black Monday' in 1987. There is alot of American stocks crashing too so it is not just crypto it is the whole world selling.
https://www3.nhk.or.jp/nhkworld/en/news/backstories/3500/
If you are the type of trader that is using very low leverage, it is better you go long for now. Even if the market will later start to dump again, there will still be some time that the price will increase. But it would be wise to just go long and leave it for awhile. Also you can DCA which is better. I mean if the market fall more, you can continue to buy more of ether.
I believe in the bounce back in the future (not sure when exactly, of course), in 1-3 months or even half a year. I don't panic even from seeing red all around me, because I know for a fact that what we see at the moment is temporary, and the situation becomes more entangled with facts yet to come. We shall stay vigilant, disciplined, and use this opportunity (or at least take it into account).
If you are the type of trader that is using very low leverage, it is better you go long for now. Even if the market will later start to dump again, there will still be some time that the price will increase. But it would be wise to just go long and leave it for awhile. Also you can DCA which is better. I mean if the market fall more, you can continue to buy more of ether.
>:(After waking up, ETH fell 20%It's going to be even more interesting, Japan's exchange plunge + the info about weak US jobs which leaked and led to the fear of a recession will be huge factors for a week, or even more, in my opinion.
>:(After waking up, ETH fell 20% Jump to: