Market seems in correction mood - page 4.

Gozie51

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Quote from: Jonyshake71 on April 13, 2024, 06:35:04 PM

Is it natural Or it could be cause of bitcoin having which is going to start a week later. What's your opinion?? Some people mark Iran attack isreal issue as responsible of this current market situation

It is suppose to be natural, the time of halving the price drop more probably because of uncertainty. This is the first time I believe that we have price creating a new ATH even before the halving. Things may be a little different with the drop that is unexpected with the way that it started dropping just after the threat between Iran and Israel and that is the reason some people have felt it is because of the wave of war that investors are pulling their coins and causing further drop but we know that after rain come sun, that halving is just few days and after that the bull is expected.

Dunamisx

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Quote from: Jonyshake71 on April 13, 2024, 06:35:04 PM

Start of this year, makes people happy cause crypto market started non-stop pumping where altcoins also goes expensive and some altcoins were out of range to buy. But from today, it seems market enter into correction mood where altcoins dump 15% to 40% including Bitcoin. This is a heavy dump of market and we don't know where it'll stopped.
Is it natural Or it could be cause of bitcoin having which is going to start a week later. What's your opinion?? Some people mark Iran attack isreal issue as responsible of this current market situation

We have been hearing the same that the cause to this was because of the Iran attack on Israel, but i don't expect the correction to be that felt in this way, the market is unpredictable anyways, we are driving close to the halving and we should expect more of these happening, this is just to remind us the need to continue to hold in times like this, we don't have to be scared for nothing, instead, take this as an advantage of investing and holding till after halving.

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Quote from: Jonyshake71 on April 13, 2024, 06:35:04 PM

Start of this year, makes people happy cause crypto market started non-stop pumping where altcoins also goes expensive and some altcoins were out of range to buy. But from today, it seems market enter into correction mood where altcoins dump 15% to 40% including Bitcoin. This is a heavy dump of market and we don't know where it'll stopped.
Is it natural Or it could be cause of bitcoin having which is going to start a week later. What's your opinion?? Some people mark Iran attack isreal issue as responsible of this current market situation

Probably, panic sells off by many traders triggered by the situation between israel and iran. This causing the short term bearish trend like when the news about russia attacked ukraine being published several years ago. This is still nothing compared to that time.
Bitcoin went down even deeper than this time. BTC is now having strong foundation as the more stable companies owning it and it means that the price will not be plunged so deep. Im sure that halving's impact will start to appear probably next year.

adaseb

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This happens every once in a while. Its rare for BTC or ETH to lose 30% in a 24 hour period but its common for many alts to lose this much. Scanning Coinmarketcap you had coins like PEPE and Doge which took huge swings. Even larger cap tokens like Solana had crazy drops. Dropping $10-$20 in seconds for Solana is just crazy. Many people were liquidated in the last few days.

It happens and what made it worst was that the Iran rockets were fired on a weekend which has worse liquidity. Hence why the selling was so intense. Tons of sell pressure and just not enough buy liquidity to absorb most of the sells. This is why you shouldnt ever have low cap alts on margin because its an easy way to get liquidated.

Tahid12

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Right now crypto market is getting pump and altcoins what were lost 15-30% value, already started recovering their price. I don't know what was the reason behind that dump but I think that was natural otherwise market won't started recovery within such short time. And there's lower chance if market was down for having issue, if so then it market could dump more and more till the halving end, rather then recoverying

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Quote from: Jonyshake71 on April 13, 2024, 06:35:04 PM

...What's your opinion?? Some people mark Iran attack isreal issue as responsible of this current market situation

If a correction is to happen, then it will definitely happen. And to explain it, we will be told what caused such a correction. But those who were ready for a correction are now quietly buying coins at a reduced price, and those who were not ready are counting losses.

JeffBrad12

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is the dump really that heavy though we are right now down around $5k with bitcoin despite that, there has been quite many correction that dumps similar to that amount and the market recover fastly enough for most of people to not worry about potential dumps, I mean yes there are chances that the market will dump but we haven't passed the halving yet, I think the market will be fine in my opinion.
its just that the altcoin are bleeding hard in general, the ones that got affected so hard among them are ethereum where it just lost 25% of its value within a month after having some good pumps.
as an ETH holder my self, I don't really consider this correction as a problem, since i bought at lower price anyway im not losing anything at this correction, but I think we should be optimistic that the price just gonna climbs up again after the halving occurred even more so when ETF somehow got approved then its gonna be big for ethereum and maybe could even make the market bullish and as the result bitcoin also climbs up at the end of the day.

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We have witnessed all this in the past as well and I am sure this time it's not different but just need to ensure there is no decision made in hurry because most of us who are hodling Altcoin has seen massive drop in the value of their portfolio. Currently, Altcoins account for roughly between 10-20% of my portfolio which is down by around 40% now but I am going to hodl on as this correction phase is temporary and I already see some people tryna create panic.

Essential10

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At the start of the year, Bitcoin hit new highs, breaking past records centered on Bitcoin ETFs. A lot of alt coins pumped a lot, Solana coin in particular has increased in value more than I imagined. Bitcoin halving is only a few days away and the correction may have already started, the market has been very bearish in the last 24 hours. Current market conditions do not seem to me to be focused on a single country attack. I think it's the Bitcoin halving that's creating such a frenzy in the market.

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Look still most of the altcoins are related to BTC somehow and due to the halving period that's near I think their prices will also go down as the BTC follows the drop trend.

It's not something new that these all coins depend somehow on BTC and after halving The BTCs behaviour will predict the performance of these altcoins. So we should wait a little more and see the market so that we can make a better investment decision. Suggesting an investment decision on this type of situation will be a little risky so what is more preferred is to wait.

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Quote from: Jonyshake71 on April 13, 2024, 06:35:04 PM

Start of this year, makes people happy cause crypto market started non-stop pumping where altcoins also goes expensive and some altcoins were out of range to buy. But from today, it seems market enter into correction mood where altcoins dump 15% to 40% including Bitcoin. This is a heavy dump of market and we don't know where it'll stopped.
Is it natural Or it could be cause of bitcoin having which is going to start a week later. What's your opinion?? Some people mark Iran attack isreal issue as responsible of this current market situation

I highly doubt it has anything to do with the conflict between Israel and Iran. This is normal behavior before the halving; however, the ETF listing has changed how a typical bull market plays out.

kotajikikox

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Quote from: Jonyshake71 on April 13, 2024, 06:35:04 PM

Start of this year, makes people happy cause crypto market started non-stop pumping where altcoins also goes expensive and some altcoins were out of range to buy. But from today, it seems market enter into correction mood where altcoins dump 15% to 40% including Bitcoin. This is a heavy dump of market and we don't know where it'll stopped.
Is it natural Or it could be cause of bitcoin having which is going to start a week later. What's your opinion?? Some people mark Iran attack isreal issue as responsible of this current market situation

we have seen this similar situation last Mid of March but I don't seem to understand the main reason why now that the value
stays lowering an no recovery happens,so i believe this is the effect of the coming halving and the situation is almost the same
season of halving.
but hoping that there is a twist this time as the presence of ETF is here.

Jonyshake71

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Start of this year, makes people happy cause crypto market started non-stop pumping where altcoins also goes expensive and some altcoins were out of range to buy. But from today, it seems market enter into correction mood where altcoins dump 15% to 40% including Bitcoin. This is a heavy dump of market and we don't know where it'll stopped.
Is it natural Or it could be cause of bitcoin having which is going to start a week later. What's your opinion?? Some people mark Iran attack isreal issue as responsible of this current market situation

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