Topic: Downfall still possible? - page 3. (Read 1811 times)

I believe Bitcoin is taking a shot at itself above $20k. If Bitcoin manages to break the $20k resistance then expect a rise in the altcoin price. If not, expect more altcoin price drops in the next year. All altcoins depend on bitcoin to survive. Nothing survives when the bitcoin price drops.

First of all we should know about the factor which cause downfall for any Altcoin. If any of these causes are found, then the altcoin goes down. Most common Factor are:

Btc Correction:
whenever BTC Price down we have seen correction in Altcoins with double speed. Now it will be seen whether there are chances of Bitcoin to go up or down. If there is some news that Bitcoin price can go down, then of course, altcoin price will also go down even if it's already down 95%.

Token Unlocked
Some Tokens are totally new and still have some tokens unlocked And every month their tokens are unlocked. If this is the case, even if the market is good, the chances of the price of this token going down are high.

Fake pump:
Some tokens have a very limited supply. Big whales take advantage of this and they pump coin with fake way and when other investors buy they sell all theirs token which cause price downfall.

Bad News:
Some times it happens that a coin gets bad news about them in the market which causes the price of that token to go down. Previously we have seen this with Tornodo Cash, GMT, Gala, Axs, Slp and Solona .

There are some more factors also like Delist from Cex, trend over. now we can say that even if project is big and already down but because if these factors there is still possible to go further down and we should be careful when buying.

We can't tell if how the market will behave in the next upcoming month, still holding with $20k+ decent enough compared
with how it was ended last year.


Correct! long-term wise, those who can keep holding and remain calm even with the maket downfall, if history will repeat
itself, the market can turned into bull and the value can break the last time high.

anything can happen in the market, and at the moment there is an increase in the price of bitcoin and if bitcoin breaks the $ 25k mark, it is possible that it will go to the next resistance, where the $ 30k area is also a defense area before going back up again later. if we do long-term trading, I don't think it will be a problem, because later if we keep holding it then at least the price will be recovered again, as long as we are patient

Down fall is always possible but for now i think there is no big downfall that will happen, if we put basis on the price and on the status of bitcoin i dont think that it will down fall belo 18k$ i think we are now very few steps away before bull market begin to move, we are about to begin the bull season if in the next month btc will reach above 25k$ that was a beginning of a bull market.

8 months after your post , it looks like the downfall is over mate and yes from that 95% downtrend now it is back to at least double digit increase from the lowest price of 2022 in which 14k.
but asking about that project? i did not even hear that Metahero but if you think it is trustworthy then why not keep them? but trust me buy those coins that has been holding its position in ranking than those low class project.

correction and downfall will always be happening inc cryptocurrency but what matters most is the overall trend, if it's bullish the increase in price would be more massive therefore outweight the value lost from correction.
so basically you should see it from wider time range and you would find out whether your overall investment is generating you money, meanwhile back to your first question, of course downfall is still possible instead it's very possible that there gonna be correction after the slight rise that happened right now.

But that was over. Common guys, we are now in a new year already and then the price is now doing well. On this day another achievement has been unlocked because BTC finally touched $24k and having small correction but it will come back stronger again to test $25 and then $30 in February.

It might only be too early to celebrate and I won't suggest it because some people might sell when they celebrate and that can disrupt the momentum that we are currently seeing in Bitcoin. Let should leave it this way shall we? Or until it goes really far from the support level and becomes stable there. Even though we aren't really in the bear, those who want to buy more are still welcome as the price isn't totally pumped yet.

I think, Because the pessimism after the drop from the ATH of bitcoin has stretched from $68k to $15k, pessimism is in the air. Bitcoin is having rallies and consolidation but short positions are likely to remain open and a short-term squeeze could drive the market up in Q1, but anyway, accept the bear market and take advantage of this opportunity( buy accumulation/ buy the dip)

2024 is a period of sustained and bullish markets with halving effects.

bitcoin halving is still a long way off in the next year. could there be another drop? I anticipate buying altcoins gradually because the situation is still not supportive if there is a follow-up altcoin falling again. bitcoin has been rising in recent days, and there is no sign of a bottom line correction approaching yet

You need to observe and not to go all in if you are not going to take the long hold. Better to buy from time to time
and check if the market is showing some downfall.

More on how you trust your understanding and how you know the asset/s that you will going to invest your money
always do your DYOR and have alternative options in case you mistakenly anticipate the market.

Yes downfall with accumulation phase still going, it might extend further till halving, buy the dips each times goes under 17k is doing fine, and yet we’re still not experiencing big dips or really bad news come wipes many retail, dont go all in there is lot of time to buy

yes it will still happen but we want to know that the bulls seem to have dominated the market,
so there is a possibility to stay bullish until maybe when bad news comes a downfall will occur again,
yes it's better to wait first if you want to buy it.

Selection of good coins can enhance the chances of generating money. First predict about coin that it will enhance in worth or not, I know that no one can predict the worth but can know about the coin that is right coin to invest.

Bitcoin in which most of the people wants to make investment is real coin and it does not disappoint its users. The current market value is higher as compared to the previous price and is estimated that it will be more enhanced in coming weeks.

So always select that coin which you know that is successful so when market  is lower so those coin which are successful will not make much loss.

when will this FTX thing get over ? because almost every side of the forum i am reading this about what is the effect and how this damage the market ,  so how long will we see this and when will stops?

wondering that we will still live with this all the year till next of 2023?

every Down follows by Up , so meaning if we are seeing this happening today then tomorrow it will change?

i mean not that soon but at least the changes will happen every after effect .

Right, it will always be about the capital right now, if you have the money then it's easy to say invest today and hold. But if you don't have, you need to be selective of what coins you are going to invest and the best advise is to buy coins that are solid or in the top 10.

Not just shit coin is meme coins, of course they could be pump hard and get like x amount of price. But still the risk is very high for those who haven't any had experience yet in crypto investment. They must lose their money and then think that crypto is a total scam or will just look for any other market to invest because they had a bad first hand bad experience.

I support you with your statement, if you believe that the project will bounce back, then better to buy now while the value still at cheap, better to take advantage and hold.

Though, you really need to budget your money since the market is unstable and even you think
the market is already on its bottom. Chances that it will fall for more are always possible, make a good
research and take that risk for being extra patience to wait for the bull come back and bring the market
back at top.

It's possible, it either for other coins/tokens or the lose value isn't exactly like that.

Metahero involves things such as Metaverse and VR where it's still not good enough in current state(look at Meta for example) and compared to that. Metahero without any real-projects already built so I would assume people already lose their hype towards this project hence the project crashes really hard to the ground.

It's true that crypto is indeed difficult to predict and very volatile,
there are many influencing factors as well so we need to keep abreast of developments and that's important,
I think this year will be closed with bearish conditions, we'll see

Everyone should expect that next year we still be going on a bearish sentiments so expect the market to really fall.

This year alone lots had happen, like the Terra Luna and the FTX collapse that we never thought would happen. And it really had a drastic effect on the market price, some of the coins are into -90% downfall already and still counting.

So just take advantage of it, you believed that a certain project will be big in the future? then this is the right time to invest, in the bear market.