Cryptocurrency Huge Down from ATHs. what will happen the next ?

smartaction

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Quote from: cheezcarls on October 04, 2022, 03:20:10 PM

Quote from: smartaction on June 13, 2022, 11:58:52 AM

#

Information posted my Watcher.Guru https://twitter.com/WatcherGuru/status/1536369486152060930?t=iEd5355q_Gl1MR8uNB-xKA&s=19

Cryptocurrency is now in a big crashing. And whole crypto marketcap now under $1Trillion. What will the next? and How long do you think it will take for the market to recover?

The real problem is that we just don't know what will be happening next to these cryptocurrencies you've mentioned here. Even Bitcoin of course, we just don't know when is going to be the next pump. In other words, there are uncertainties here.

But regardless, I just keep buying Bitcoin with my extra "not beer money" per month as long I can afford and not going all-in with my salary or life savings.

Now bitcoin is in much dip if you really buying bitcoin with your extra money then you should hold your bitcoin for long time. coz we know bitcoin will pump again and make new ATH like previous history . so Since it is your extra money you shouldn’t sell your btc early . just keep holding

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Quote from: Hamza2424 on October 03, 2022, 03:50:01 AM

The answer is in your question its the close time to the bottom now it won't be Dropping from there so its the time to fill up the bag's as it's going to take apullback in the upcoming year or months I don't know the exact time but that is what it is. You won't regret it if you do some DCA with your favorite projects and make up your priorities with the BTC that would help a lot to secure the savings

Instead of doubting and fearing, better fill your bags with potential especially Bitcoin while we still have time to accumulate. The bearish market is still an opportunity for those who want to have a long preparation for the bullish season in the future. We can't expect market recovery this time because we're in the midst of a crisis and most countries are affected by the recession and so is the blockchain market. Instead of panicking, better be firm and ready for the possible market recovery in the future. It's better to be prepared than just staring at the red market.

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Quote from: smartaction on June 13, 2022, 11:58:52 AM

#Bitcoin -65.8%
#Ethereum -74.9%
#BNB -67.8%
#Cardano -85.4%
#XRP -90.9%
#Solana -89.8%
#Polkadot -87.9%
#Dogecoin -92.6%
#WBTC -66.6%
#Tron -72.8%
#ShibaInu -91%
#Avax -89.6%
#FTX -70.4%
#CRO -87.7%
#LTC -89.7%
#Chain -24.9%
#Polygon -85.9%

Information posted my Watcher.Guru https://twitter.com/WatcherGuru/status/1536369486152060930?t=iEd5355q_Gl1MR8uNB-xKA&s=19

Cryptocurrency is now in a big crashing. And whole crypto marketcap now under $1Trillion. What will the next? and How long do you think it will take for the market to recover?

Indeed, such a market down is nothing new in cryptocurrencies.If you look at all the records of the past years, you can definitely see that there have been many such incidents in two consecutive years.The market won't stay like this at some point the market will go up again and maybe all the coins will be very down and maybe at some point it will show a lot of pumping.There is no reason to worry about it, you can rest assured that the market will definitely improve in a little while.

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Quote from: smartaction on October 05, 2022, 04:20:36 PM

Quote from: cheezcarls on October 04, 2022, 03:20:10 PM

Quote from: smartaction on June 13, 2022, 11:58:52 AM

#

Information posted my Watcher.Guru https://twitter.com/WatcherGuru/status/1536369486152060930?t=iEd5355q_Gl1MR8uNB-xKA&s=19

Cryptocurrency is now in a big crashing. And whole crypto marketcap now under $1Trillion. What will the next? and How long do you think it will take for the market to recover?

The real problem is that we just don't know what will be happening next to these cryptocurrencies you've mentioned here. Even Bitcoin of course, we just don't know when is going to be the next pump. In other words, there are uncertainties here.

But regardless, I just keep buying Bitcoin with my extra "not beer money" per month as long I can afford and not going all-in with my salary or life savings.

Now bitcoin is in much dip if you really buying bitcoin with your extra money then you should hold your bitcoin for long time. coz we know bitcoin will pump again and make new ATH like previous history . so Since it is your extra money you shouldn’t sell your btc early . just keep holding

This wont really be simple as it sounds when we do talk about holding, considering that the current price is low and when it do make out some significant increase then you would really be thinking off first on selling.
You do really have those things in mind that it wont be bad on making selling decision as you can have those thoughts that you could just repeat on the same process.You wouldn't be needing on holding up for
too long if you could actually make profits in short time.

Going below ATH's is something very common or normal here on crypto space.We cant just have one direction or movement forever.There's always
correction and dumps like this.

cheezcarls

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Quote from: smartaction on June 13, 2022, 11:58:52 AM

#Bitcoin -65.8%
#Ethereum -74.9%
#BNB -67.8%
#Cardano -85.4%
#XRP -90.9%
#Solana -89.8%
#Polkadot -87.9%
#Dogecoin -92.6%
#WBTC -66.6%
#Tron -72.8%
#ShibaInu -91%
#Avax -89.6%
#FTX -70.4%
#CRO -87.7%
#LTC -89.7%
#Chain -24.9%
#Polygon -85.9%

Information posted my Watcher.Guru https://twitter.com/WatcherGuru/status/1536369486152060930?t=iEd5355q_Gl1MR8uNB-xKA&s=19

Cryptocurrency is now in a big crashing. And whole crypto marketcap now under $1Trillion. What will the next? and How long do you think it will take for the market to recover?

The real problem is that we just don't know what will be happening next to these cryptocurrencies you've mentioned here. Even Bitcoin of course, we just don't know when is going to be the next pump. In other words, there are uncertainties here.

But regardless, I just keep buying Bitcoin with my extra "not beer money" per month as long I can afford and not going all-in with my salary or life savings.

doomloop

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Quote from: Hamza2424 on October 03, 2022, 03:50:01 AM

The answer is in your question its the close time to the bottom now it won't be Dropping from there so its the time to fill up the bag's as its going to take a pull back in upcoming year or months I don't know the exact time but that is what it is. You won't regret if you do some DCA with your favorite projects make up your priorities with the BTC that would help a lot to secure the savings

I agree that DCA during this period would be the key to making a good return. It would be a terrible way of investing if you are unsure, it would be a good way of investing if you know what you are doing, but at the same time it is going to be a difficult thing to wait that long for some people.

I understand that newbies want to make profit right away and that is understandable, you do not have to make a profit right away, you could end up with a big loss in the long run if you end up selling before the time comes. So the best thing to do would be making sure that you are doing the right thing by DCA however ALSO end up with holding for a long time.

Hamza2424

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The answer is in your question its the close time to the bottom now it won't be Dropping from there so its the time to fill up the bag's as its going to take a pull back in upcoming year or months I don't know the exact time but that is what it is. You won't regret if you do some DCA with your favorite projects make up your priorities with the BTC that would help a lot to secure the savings

LUCKMCFLY

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Quote from: cheezcarls on September 16, 2022, 04:50:11 PM

The problem is that we don’t know what comes next because the market is so unpredictable these days. After the Ethereum merge, I did expect the ETH price to go down as well as the crypto market.

There’s no timetable for recovery but I just still believe that Bitcoin and the entire crypto market might bull run again after the halving period. Our position now is much better than before due to the fact that global adoption continues.

Not only you who was thought that after merging of etherium we will able to see a green line in etherium even then there was also came a good that google cloud partners are joined with BNB chain to provide web3 startup infrastructure.
Despite these good news, the market position has gone down which was not supposed to happen. Even then etherium is came up to 15% down after merging. I think we are gonna face more downish market in a few days

I do not see the scenario, for the main reason that ETH is not bitcoin, if bitcoin were in a bullish trend, without a doubt, ETH would be up in the air right now, its price could not be determined, but it is because the King is in these At the moment a somewhat low price, but with a lot of uncertainty, and thus no altcoins, tokens or currency can have a successful start, because everyone is waiting for Bitcoin to rise so that the tokens, projects come to the surface and see them come to life, we cannot forget what happened to Terra, I'm sure that if BTC had been in a bullish trend, that currency would still be around, and with great life.

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Quote from: cheezcarls on September 16, 2022, 04:50:11 PM

The problem is that we don’t know what comes next because the market is so unpredictable these days. After the Ethereum merge, I did expect the ETH price to go down as well as the crypto market.

There’s no timetable for recovery but I just still believe that Bitcoin and the entire crypto market might bull run again after the halving period. Our position now is much better than before due to the fact that global adoption continues.

yes now I also think this is not time for recover the Crypto market even ethereum is also so in a danger zone for now maybe e in the next a couple years whole crypto market can start recovering but this is not possible for this year. I don't know exactly how long such bad market conditions will last. Bitcoin has now started falling again and so have other coins along with it which is really bad news for the cryptocurrency market.

A few days ago to pump up the market a bit, I thought the market was heading towards a better situation. I thought Etherium could create a resistance zone in 1.7k to 1.8k but it can't do that And just going down, and today it was going down to about 1.4k . I also think that this bearish season will take more time to recover and many analysts thought that it gonna be happening on 2024 halving.

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Quote from: cheezcarls on September 16, 2022, 04:50:11 PM

The problem is that we don’t know what comes next because the market is so unpredictable these days. After the Ethereum merge, I did expect the ETH price to go down as well as the crypto market.

There’s no timetable for recovery but I just still believe that Bitcoin and the entire crypto market might bull run again after the halving period. Our position now is much better than before due to the fact that global adoption continues.

Market is a cycle, so when the price is down the next thing to happen is for the price to recover. As long as the listed cryptocurrency by the OP has solid foundations, continue delivering roadmaps and technology upgrades, non-stop marketing and influx of new community member, then I believe the next thing to happen is price recovery. But if the cryptocurrency failed to evolve and adopt to the current situation and competition then the next thing for them is being worhtless.

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Quote from: smartaction on June 13, 2022, 11:58:52 AM

#Bitcoin -65.8%
#Ethereum -74.9%
#BNB -67.8%
#Cardano -85.4%
#XRP -90.9%
#Solana -89.8%
#Polkadot -87.9%
#Dogecoin -92.6%
#WBTC -66.6%
#Tron -72.8%
#ShibaInu -91%
#Avax -89.6%
#FTX -70.4%
#CRO -87.7%
#LTC -89.7%
#Chain -24.9%
#Polygon -85.9%

Information posted my Watcher.Guru https://twitter.com/WatcherGuru/status/1536369486152060930?t=iEd5355q_Gl1MR8uNB-xKA&s=19

Cryptocurrency is now in a big crashing. And whole crypto marketcap now under $1Trillion. What will the next? and How long do you think it will take for the market to recover?

The problem is that we don’t know what comes next because the market is so unpredictable these days. After the Ethereum merge, I did expect the ETH price to go down as well as the crypto market.

There’s no timetable for recovery but I just still believe that Bitcoin and the entire crypto market might bull run again after the halving period. Our position now is much better than before due to the fact that global adoption continues.

ShowOff

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Quote from: suzanne5223 on September 16, 2022, 11:56:16 AM

Yes, making a profit and not missing the future opportunity is the major reason for investment but most crypto investors ignore the technological or fundamental, utility and use case aspect of a project before flocking into a certain coin for profit.

Actually I totally agree with your assumption on this one. Many traders and investors seem to overlook some of the above simply because they are so focused on future returns and don't consider what the function of the asset they are investing in does. I would even venture to say that they don't want to know much about the assets they invest in other than just expecting huge returns as a result of their investment.

I'm not going to argue about that because I think it's a fact. While there is no research on how much people care or not about the use cases of the crypto assets they invest in, I believe many traders and investors ignore it.

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Quote from: jossiel on September 15, 2022, 06:09:23 PM

I think he has already spent that profit he's made after selling at the top. Litecoin's ATH last year was just the same when he has sold.

Maybe but the internet doesn't always forget about an issue like this and for the record, some people still consider his habit a scam.

Quote from: jossiel on September 15, 2022, 06:09:23 PM

Quote from: suzanne5223 on September 15, 2022, 01:50:18 PM

Quote from: jossiel on September 14, 2022, 06:27:56 PM

there's still a chance by now that it's still one of the top 10.

Technically, LTC is one of the top 20s, and the competition in the crypto market is different from 4-6years ago. The only way LTC can claim the top 10 spots will be if they introduce something unique into the market which will solve some problem in the market or if the LTC dev team raised an army of shillers just like this Shiba inu coin team does.

If he's still there, I'm sure that he's able to maintain it on the top 10 but not anymore today. I don't think that the team will still do something like that after all the swings that it has made.

According to CMC, Litecoin currently holds 22 spots. For the advertisement I stated above, I said it because thats the strategy 96% of all altcoin use this day.

Quote from: jossiel on September 15, 2022, 06:09:23 PM

Quote from: suzanne5223 on September 15, 2022, 01:50:18 PM

Quote from: jossiel on September 14, 2022, 06:27:56 PM

As we look at its reputation and longetivity in the market, it's still showing a strong volume.
That's why it may not be a good investment for some but for its utility being used for transactions, I think that's what is holding its ground.

I agreed and that's why I hold a couple of it but 95% of crypto enthusiasts these days are after profit and always flock to the most profitable or hyped coin.

We're all for the profit. Whatever we find in the market, that's what we think.

Yes, making a profit and not missing the future opportunity is the major reason for investment but most crypto investors ignore the technological or fundamental, utility and use case aspect of a project before flocking into a certain coin for profit.

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Quote from: suzanne5223 on September 15, 2022, 01:50:18 PM

Quote from: jossiel on September 14, 2022, 06:27:56 PM

Quote from: suzanne5223 on September 14, 2022, 06:06:04 PM

Although Charlie have spoil the reputation of litecoin the year he make a public announcement about selling his hold but understand this, a coin not making a huge pump in price doesn't mean it is not good for an investment, and what is important is the altcoin's longevity. The last time Litecoin appear to be making steady price growth which is better than an overbought altcoin that will pump and dump hard.

That's true.

I think if that Charlie is still active and didn't sold all of his holdings

Yes, Charlie is still active but that was after he see the result of his decision some years ago and for the record, he sold all his LTC holdings. Although, he may later buy back after some die-hard enthusiast of LTC talks to him about the consequence of this decision.

I think he has already spent that profit he's made after selling at the top. Litecoin's ATH last year was just the same when he has sold.

Quote from: suzanne5223 on September 15, 2022, 01:50:18 PM

Quote from: jossiel on September 14, 2022, 06:27:56 PM

there's still a chance by now that it's still one of the top 10.

Technically, LTC is one of the top 20s, and the competition in the crypto market is different from 4-6years ago. The only way LTC can claim the top 10 spots will be if they introduce something unique into the market which will solve some problem in the market or if the LTC dev team raised an army of shillers just like this Shiba inu coin team does.

If he's still there, I'm sure that he's able to maintain it on the top 10 but not anymore today. I don't think that the team will still do something like that after all the swings that it has made.

Quote from: suzanne5223 on September 15, 2022, 01:50:18 PM

Quote from: jossiel on September 14, 2022, 06:27:56 PM

As we look at its reputation and longetivity in the market, it's still showing a strong volume.
That's why it may not be a good investment for some but for its utility being used for transactions, I think that's what is holding its ground.

I agreed and that's why I hold a couple of it but 95% of crypto enthusiasts these days are after profit and always flock to the most profitable or hyped coin.

We're all for the profit. Whatever we find in the market, that's what we think.

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What will continue will be a long phase of accumulation where the big sharks and institutional Investors will fill their bags properly. The bear market will last until these guys are able to buy their full bags, you can easily spot accumulations on bear charts, with phases when the price doesn't move a lot but the volume suddenly spikes something which has been happening since last few days maybe due to the merge. Ironically this is a necessary phase of the market as experts say the longer the accumulation the higher the next high will go. Market might recover a bit but don't expect another ATH anytime soon.

Never make yourself expect on something like that where we do able to hit up numbers that we havent seen before but we know that chances and potential could really be there which i cant really
blame out other people on having this kind of mindset or hopes that they do have inside.Its true that when it comes to bag filling or accumulation then it would really be done on a non obvious
manner specially into those big intitutions or to those whales who do secretly accumulating cheap coins which those retail traders arent really able to do notice it out specially
into those who are swing ones.There's no assurances about on how this market works or ends up but one things for sure that if there are bears then there's always a bull afterwards.

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Litecoin is still far down from its ATH . Which is much more compared to other coins . So investing in Litecoin for long-term holding would be a very smart move. And for long-term investments, it wouldn't be bad if Litecoin is listed now along with Bitcoin, Ethereum. Investing in Litecoin will be as profitable as safe long-term . So I'm thinking now to save some litecoin for future

That is the point, Litecoin doesn't go down to nothing, it stays and as long as it keeps on staying at these levels on ranking, the price will keep on rising more and more. People may not understand whats so special about it since there are better blockchains invented, but bitcoin has been pretty similar to how it started out and it is still number one.

So, what matters is not the tech (of course that matters too) but more about consistency and Litecoin has been profitable for us for so long that I doubt people would really mind if it started to go up, people would probably say they expected such a thing and buying now and waiting for a very long time could yield such a huge profit.

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Quote from: jossiel on September 14, 2022, 06:27:56 PM

Quote from: suzanne5223 on September 14, 2022, 06:06:04 PM

Although Charlie have spoil the reputation of litecoin the year he make a public announcement about selling his hold but understand this, a coin not making a huge pump in price doesn't mean it is not good for an investment, and what is important is the altcoin's longevity. The last time Litecoin appear to be making steady price growth which is better than an overbought altcoin that will pump and dump hard.

That's true.

I think if that Charlie is still active and didn't sold all of his holdings

Yes, Charlie is still active but that was after he see the result of his decision some years ago and for the record, he sold all his LTC holdings. Although, he may later buy back after some die-hard enthusiast of LTC talks to him about the consequence of this decision.

Quote from: jossiel on September 14, 2022, 06:27:56 PM

there's still a chance by now that it's still one of the top 10.

Technically, LTC is one of the top 20s, and the competition in the crypto market is different from 4-6years ago. The only way LTC can claim the top 10 spots will be if they introduce something unique into the market which will solve some problem in the market or if the LTC dev team raised an army of shillers just like this Shiba inu coin team does.

Quote from: jossiel on September 14, 2022, 06:27:56 PM

As we look at its reputation and longetivity in the market, it's still showing a strong volume.
That's why it may not be a good investment for some but for its utility being used for transactions, I think that's what is holding its ground.

I agreed and that's why I hold a couple of it but 95% of crypto enthusiasts these days are after profit and always flock to the most profitable or hyped coin.

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Quote from: justdimin on September 15, 2022, 06:51:18 AM

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litecoin price does not increase much in short time but it never moves from its top position its market cap is always very high so I don't think anyone should worry about litecoin. Litecoin can be a safe investment even though it may not be able to give much profit in short period of time but it will not expose anyone to excessive losses in short period of time like other coins.

That type of understanding the crypto world and litecoins value in it is the reason why some people earn money maybe a little less at times but keep on earning whereas others may end up earning more for a short period of time but end up losing it.

Like for example let's compare SOL vs LTC, it is true that SOL has done a lot better for the early investors, if you take it from early days of SOL and compare them then it made people a lot more profit, but I bet that in 10 years we won't even remember SOL let alone being in the top 20, whereas I believe that Litecoin would still be around by then. This is why I invested into tested and known veteran projects over newer ones.

Compare it to litecoin is kinda tricky since we all know that this is much tested for so many bear markets and yet its still standing strong the same with bitcoin. And for now SOL is on its trend because many developer use his chain for their own project but I'm sure the same with ethereum once there are other altcoins will create something cool which can surpass SOL usage then provably more investors will shift to use it and forget about SOL, I wonder if it can retain its hype and can still exist on its current position like litecoin which still listed on top or it will slide down.

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litecoin price does not increase much in short time but it never moves from its top position its market cap is always very high so I don't think anyone should worry about litecoin. Litecoin can be a safe investment even though it may not be able to give much profit in short period of time but it will not expose anyone to excessive losses in short period of time like other coins.

That type of understanding the crypto world and litecoins value in it is the reason why some people earn money maybe a little less at times but keep on earning whereas others may end up earning more for a short period of time but end up losing it.

Like for example let's compare SOL vs LTC, it is true that SOL has done a lot better for the early investors, if you take it from early days of SOL and compare them then it made people a lot more profit, but I bet that in 10 years we won't even remember SOL let alone being in the top 20, whereas I believe that Litecoin would still be around by then. This is why I invested into tested and known veteran projects over newer ones.

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Quote from: suzanne5223 on September 14, 2022, 06:06:04 PM

Although Charlie have spoil the reputation of litecoin the year he make a public announcement about selling his hold but understand this, a coin not making a huge pump in price doesn't mean it is not good for an investment, and what is important is the altcoin's longevity. The last time Litecoin appear to be making steady price growth which is better than an overbought altcoin that will pump and dump hard.

That's true.

I think if that Charlie is still active and didn't sold all of his holdings, there's still a chance by now that it's still one of the top 10. As we look at its reputation and longetivity in the market, it's still showing a strong volume.

That's why it may not be a good investment for some but for its utility being used for transactions, I think that's what is holding its ground.

Topic: Cryptocurrency Huge Down from ATHs. what will happen the next ? (Read 852 times)