Is this the end of the bull market of crypto? - page 4.

cabron

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Quote from: Amejoaquim on May 18, 2021, 07:55:17 PM

This is not the end.

I think the current corrections are still in a normal stage, especially since the end of last year we didn't see the big market correction.

Now is the discount period, don't miss the opportunity to buy more of your favorite coins!

That's what they say before its got too late to sell their coins. Grin

There are some analysts that the market had just cycled just like March 2020 where it goes low and then bounces again gradually as it always does. The shift to altcoins is very much evident as BTC goes down, some altcoins are not. This is very unusual, it doesn't happen very often in the market.

Amejoaquim

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This is not the end.

I think the current corrections are still in a normal stage, especially since the end of last year we didn't see the big market correction.

Now is the discount period, don't miss the opportunity to buy more of your favorite coins!

Papsie

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Quote from: X-ray on May 16, 2021, 11:06:05 AM

It caused by the various reason. The announcement that created by elon already triggered the bitcoin market to turns into the bearish trend. it looks like the correction is still happening after we have reached the double top.
There are lots of myths on the crypto community about what reason that was causing the drop on the bitcoin price.

Crypto is dropping due to the bitcoin. it will pump again for sure after the bearish trend will be ended. I would not say if this could be the end for bullish trend for crypto

What if tesla will sell all of their bitcoin holdings and choose another coin to set as their new asset. I'm not sure if how much btc they are holding but for sure there is a huge effect in terms of volume and market price of btc and for me it is possible to happen especially that Elon Musk is very unpredictable when it comes to his decisions.

LUCKMCFLY

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There are many alternatives to those who think that the bullish market, because although bitcoin has corrected a bit, I see a lot of profit investing in SOL, it has had a great emergence:

Quote

If the bulls can sustain the price above the psychological level at $50, the SOL/USDT pair may resume its uptrend. The next target objective on the upside is $60 and then $69.

Source:https://cointelegraph.com/news/top-5-cryptocurrencies-to-watch-this-week-btc-xrp-dot-xlm-sol

I think that from now on this will be a huge alternative for those who want to generate good profits by betting on this currency, since many who have been waiting are now making good money.

Teknisi88

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Quote from: LittlePrinceCat on May 16, 2021, 10:47:35 AM

Why all crypto are dropping these days? Will crypto pump again? Or that’s the end of the bull market of crypto ?

Since bitcoin correction caused things to go down, then there is also the influence of Elon Musk's Tweet, saying Tesla can be obtained with Dogecoin so that everyone who buys Dogecoin and ignores Bitcoin.

abel1337

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For now, I can't say that this is the end of the bull market but I have a feeling that it is near and the altcoin season might come up as I saw from the market reactions of alts from the recent crash. BTC dominance is falling from time to time now and it is under 50%.

I assumed before that this kind of crash will come and will make us think if the bull market is over, Well here we are.

ene1980

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Quote from: LittlePrinceCat on May 16, 2021, 10:47:35 AM

Why all crypto are dropping these days? Will crypto pump again? Or that’s the end of the bull market of crypto ?

There is no doubt that the cryptocurrency market will pump again and that cannot be guaranteed with every coin in the market but the top coins will always come back even if it takes some time. If you are open about your investment then we will get an idea about which coins you are looking forward in the future. The market was rallying for months and all the coins have touched their new all time highs and you should not be surprised when you see the market correcting as you cannot expect the market to rally all the time Tongue

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Papsie

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We can't really say that bull run is already done and we are in bearish market. Last week has the same scenario which the market is on dump for few days but some of the coins especially alt coins recover and pump again. It looks like the market is just on correction and consodilation, but we are not sure also about it. Give another week to observe the market trend, status and performance.

SacriFries11

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Quote from: HaekalZ on May 16, 2021, 08:57:17 PM

of course the crypto price will pump again, even by the end of this year almost all altcoins should be able to peak through their respective ATH, I am sure that BTC can reach $ 80k by the end of this year, the problem is just a matter of time, patience is the key, we just have to wait for now.

I think it's not yet the end of bull market but I think we're soon to witness it and while we're still in bull market, we need to get profit to buy when bull market happen.
It's normal to dump the cryptocurrencies due to high volatility and we must know about it. Buy low and sell high, this phrases been around in the cryptocurrency but a lot of us didn't apply it well when the situation like this occur. I guess bull run will takes 1 year, so we still have until the end of the year before we're going to bear market again.

ilovealtcoins

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Quote from: LittlePrinceCat on May 16, 2021, 12:15:42 PM

Quote from: ilovealtcoins on May 16, 2021, 12:10:40 PM

I think the market will bounce back soon as more businesses and investment funds are buying into Bitcoin. Another thing is that inflation is increasing rapidly around the world. So Bitcoin will drop in price to correct before growth.

Does it mean that Bitcoin still has the potential to pump?

Certainly pumping is still possible and we need to wait patiently for the next moves of the market. The whales that come later will not be able to let the market drop and wallow in losses. So they will find a way to pump the market again. Even Elon Musk has confirmed that they have not sold a single Bitcoin since announcing they stopped accepting Bitcoin as their payment for electric cars.

https://twitter.com/elonmusk/status/1394170030741413888

Pierre 2

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I personally think it is far bigger than regular correction but I don't see it more than panic selling either. Bitcoin still stays far above real dip (which is 30.000) I assume. As I check now total market capitulation is bit above 2 trillion dollars now which shows altcoins survived dip, I am still optimist about bull markets now.

thegoatiest

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Well, from a TA perspective:
Wedge met target.:
https://www.tradingview.com/x/AtTuJR1f/

on a personal note F Elon, he should leave crypto alone tbh.

Ziskinberg

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I think this drop is a bit serious now, it could be the end of the bull run especially if bitcoin will drop below $40k.
Per Binance exchange (https://www.binance.com/en/trade/BTC_USDT) 24 hours low of btc is USD 42,196.97, 8% drop today but 24% drop in 7 days.

This is a serious indication that bull run could be over, and there's a reason as Elon Musk's statement against bitcoin is big, maybe that resulted to panic selling.

nrvasquez

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Quote from: rhodelmabanal on May 16, 2021, 11:52:08 PM

Quote from: LittlePrinceCat on May 16, 2021, 10:47:35 AM

Why all crypto are dropping these days? Will crypto pump again? Or that’s the end of the bull market of crypto ?

Every drop is normal this is crypto and every coin will have a pump and a dump status, i always see question like this everytime when bitcoin price fall, but if the bitcoin rise they asked "is the bull market backed" will I think those people who ask or making question like this is maybe has no patience and if they have patience maybe it is small.

If you ask there is a market cycle, it will happen. but regarding the bull market where all crypto is going up simultaneously as it has in the last few months, I'm not sure it will last long enough. There were many rumors circulating this morning, such as Elon selling his bitcoin and several other rumors that made the overall crypto price experience a pretty drastic drop.

rhodelmabanal

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Quote from: LittlePrinceCat on May 16, 2021, 10:47:35 AM

Why all crypto are dropping these days? Will crypto pump again? Or that’s the end of the bull market of crypto ?

Every drop is normal this is crypto and every coin will have a pump and a dump status, i always see question like this everytime when bitcoin price fall, but if the bitcoin rise they asked "is the bull market backed" will I think those people who ask or making question like this is maybe has no patience and if they have patience maybe it is small.

HaekalZ

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of course the crypto price will pump again, even by the end of this year almost all altcoins should be able to peak through their respective ATH, I am sure that BTC can reach $ 80k by the end of this year, the problem is just a matter of time, patience is the key, we just have to wait for now.

Mpamaegbu

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Quote from: LittlePrinceCat on May 16, 2021, 10:47:35 AM

Why all crypto are dropping these days? Will crypto pump again? Or that’s the end of the bull market of crypto ?

Honestly, it's already looking like the end of a surprising bull run for Bitcoin which began late last year. Data puts Bitcoin's dominance of the entire market space at slightly above 30%. This has strategically dwindled over the months. I recall those times BTC dominance stayed above 60% while its price remained sluggish. But today, even with 30% dominance the price isn't that bad; and that' looks scary to me that a great fall is brewing. If historical data is anything to go by on this, we should be looking at December of this year for Bitcoin to hit a fresh ATM the same way it did in 2017 before it plunges.

Asuspawer09

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Quote from: LittlePrinceCat on May 16, 2021, 10:47:35 AM

Why all crypto are dropping these days? Will crypto pump again? Or that’s the end of the bull market of crypto ?

The price in the market is really unpredictable but we all know that the market price in cryptocurrency is so volatile, in just a short amount of time you could easily lose a big amount or earn a big amount of profit.

For me, it is still a correction at some point because we been profiting in the past months as bitcoin and altcoins continue to push their market price in the market until this month.

The bull season could end and we can't really expect the market price of cryptocurrencies to continue to just pump, I mean you don't lose when you don't sell your cryptocurrency. The pump and dump will come so you could either continue to hold or sell, I recommend profiting or selling a small percentage every time the market price is pumping so that you have the money when the bare season comes.

Bellaross

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It is mandatory to understand that the market will never continue to be GREEN all the way. It is going to be couple of ups (Bulls) and downs (Bears), thus we should always be prepared for it.

iTradeChips

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If you are going to ask me, I think we are not in a crash or hard bear season yet. This dip is really a reaction to certain events that were not favorable to cryptocurrency in general. There is no downward crash yet and many people are still buying and holding on their crypto yet. For the past few weeks it has been an uptrend because more and more people wanted to get into the action but I think it has become overbought and over priced so a deep price correction has to happen. Anyway I agree with what the majority is saying here and we just have to take advantage of the dip.

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