Is this the end of the bull market of crypto? - page 5.

passwordnow

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

Why all crypto are dropping these days?

Elon tweeted another FUD about bitcoin. I can't find the other one but this is one of it.
https://twitter.com/elonmusk/status/1394014053580910595

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

Will crypto pump again?

Yes, don't be scared if you see it dumping. This is crypto and that's very normal to see and have it dump because that's how the market will show you when it suddenly moves up and down.

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

Or that’s the end of the bull market of crypto ?

If this is the end of the bull market then you have to be prepared and wait for it for the validation.

Looper_U

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What matters is how prepared are you, have you taken the advantage of this bull market already cos that's what I expected everyone to have done by now, if you aren't taking profits and you are still enjoying the view of millions in your portfolio you are killing yourself softly, wait till you wake up one day and your see your portfolio running in reds then maybe that's when you'd wake the hell up

isaac_clarke22

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First of, no it's not the end for bull's table especially for Bitcoin.
It is just people getting manipulated from how they react from Musk's recent pullout of Bitcoin payments for his Tesla.
If you're hodling Bitcoin right now, keep it and don't panic. We already had enough of that kind of panic reaction recently. lol

Irazzzta

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I don't know exactly, but I hope the bear market doesn't happen. but my prediction said, this bear market trend in crypto prices is only temporary this year. due to the unstable world stock market due to the impact of COVID, so the crypto bull price trend will still continue at least until the end of this year.

firmino10

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I must admit that i am really worried about the bull market ending now. Because the price and dominance of bitcoin has reduced and the altcoins are not increasing in response to that. This could mean that the big players are gradually removing their money and the bull market is about to end.

concept2

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I can not tell you exactly what happens next after the big decrease in the price of bitcoin. Coins can either go up or go down depend on the investors behaviors. At the moment, drawing a final conclusion is hard. All I can tell is try to buy low and sell high.

LittlePrinceCat

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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?

ilovealtcoins

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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.

Jackl87

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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 ?

No one can tell you for sure how the market will behave.. as no one can look into the future. It's true that today and also during the last weeks we saw most coins in the red zone apart from a free exceptions like Ethereum especially small low cap projects lost a lot in the last few weeks. That being said, it is completely natural that we see phases of corrections or dropping prices like this after we had a solid bull market for more than half a year now or so. I also think that those new meme-coins that emerged in the lastweeks also play a role in that as most of them are already dead now again, which reduces the trust that people have in the crypto market.

KaliLinux

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Well at the end of the day, I don't suppose anyone can say categorically if the Bull market has ended and we are in the Bear season but it was obvious that the tweet from Elon musk kindda help to trigger the down trend we are currently facing and this has continued for a couple of days now with some few crypto analysts pointing to Bear market entry so I would suggest close monitoring of the market so that you don't get to miss out in taking your profits.

Muslimin mj

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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 ?

everything must have its time. and I think the bulls are over. and will be pumped back later, but I don't know when this bullishness will happen again in cryptocurency. and if you have altcoins now then you better sell them now. because I believe that if Bitcoin has dropped in price then many altcoins will follow the movement of bitcoin

Coyster

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Investors usually take price corrections to be the end of the bull run, in the past couple of days, crypto prices haven't been doing so well, but that doesn't mean it's the end of the bull run, it could very well be price corrections and quite a lot of people will sell out of panic/fud, only for prices to spike up again after the plunge. If you're hodling coins that are not pump and dump coins, then there is prolly no reason to fret just yet, but if your portfolio is filled with short term/pump and dump coins which I don't consider to be long term projects, then it's better to take your ROI ASAP.

int03h

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Monitor the Bitcoin chart and set trading targets to make sure the gains ever made are not lost. Bitcoin's chart is looking very bad and can penetrate the $46000 - $47000 support level. Failure to hold the level on Bitcoin will drop to $42,000 and next to $38000.
We don't know how the market will play out so we have to prepare for the worst possible scenarios.

masterrex

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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 ?

IMHO, I believe it is not the end yet, of the bullish market rally, this price dip is just part of a simple correction because if we look at most of the crypto charts we can notice a large green candle that has prevailing in a couple of weeks in most cryptocurrencies in the market that's why I believe that most of the cryptocurrencies that were dipping nowadays were overbought just like Bitcoin, Eth and others coins as well that was resulting in a deep price correction. I'm not an expert about it I'm just comparing the previous data in the market and I noticed it.

X-ray

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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

Nalbo

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No one can tell you for sure but on my personal analysis of the charts, I don't think the crash is happening at the moment. Lower plateau on chart generally means more people are buying and holding. For a market to crash, the rise should be followed by sudden fall. But again that's just my personal analysis and I'm neither and expert nor the market always follows the pattern.

LittlePrinceCat

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

Topic: Is this the end of the bull market of crypto? - page 5. (Read 842 times)