Massive flash crash - page 2. | Bitcointalksearch.org

Rruchi man

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Quote from: PercT4b on September 07, 2021, 01:47:51 PM

I Was expecting a correction in this period and actually happened, it was quite understandable after so many days of price pump, but I have to admit that I wasn't expecting such a massive crash (almost 20%).

20% is quite huge, but just as you said, as a crypto hodler or trader you should always expect the market to crash after a pump, because such crashes create an opportunity (entry point) for new to invest and old to get more.

What you should concern yourself with mostly is how to handle the inevitable in cryptocurrency which is the occasional market crash, what to do and how to cushion the effects on your investment.

jossiel

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I remain bullish too.

Just after the official legal tender adoption of El Salvador and there have been whales that probably gifted this to them as a little gift for the flash dip.

Wait for it until it recovers, $52k was the highest as it had recovered maybe it will be more than $55k.

Fortify

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Quote from: PercT4b on September 07, 2021, 01:47:51 PM

I Was expecting a correction in this period and actually happened, it was quite understandable after so many days of price pump, but I have to admit that I wasn't expecting such a massive crash (almost 20%).

Maybe it could be a combination of a necessary/natural correction and a "sell the news" factor gave by El Salvador officially introducing BTC as legal tender.

From the moment we never have certainty in this market, I don't want to say that now we have, for sure, to expect a massive pump, but I still remain bullish, because the long shadow on the daily chart could suggest that the buyers are still present and vigorous (the next days will tell us who is the real winner).

It was hard to call what would happen today, the first day that El Salvador has introduced Bitcoin as one of two official currencies of the country. They have effectively bought up and given away a nice little chunk of Bitcoin to any citizen who was interested - bound to be a slight sell off but this seems larger than expected. Maybe the idea was greater than the actual reality, at least in the minds of larger institutional traders who are able to move Bitcoin by such large sums. Who knows what drives the Bitcoin price any more, do whales dump in the hope of driving down the price so that they can buy it back later on for cheaper? There are all sorts of strategies and motives going on behind the curtains that us "little people" cannot comprehend.

Imran232

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This crush made lots of people cry. Well, I Didn't say about those spot trader or holder because their money is safe reason bitcoin price is back again $47k+ zone. But i am talking abour those future trader who are going for long. Everyone's money becomes liquidate. They lost their money and who didn't use stop lose. I was doing my dinner that time my friend called me and say dude i am finished. I say what? What happen did your girlfriend cheat with you? He say don't joke brother. I asked what happen he say my invested $2k liquidate. I say what, how, and when you gose for long. He say from $50k. He thought price might increase more. And started with 25x. And didn't use stop lose. Then i say him i altime told don't go for future trade but you enter and also didn't use stop lose. Now what can i do now you have one option learn from this mistake and start a new beginning.

Remember guys crush in crypto market is a sudden thing so keep prepare yourself for it. And for trader always use stop loss.

jakdanyel

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kycfree

I really don't understand the recent drop in the price. Bitcoin price was on a great run and it was continuing to climb. It reached nearly $53k also. But all of a sudden, the price started to decrease very sharply in an incredibly little time period. I couldn't even react to it, I just saw that the price was $47k. Moreover, it dropped down to even $43k which was insane as it fell down nearly $10k. I guess that there is no specific reason for this drop. It's just the random volatile movements.

Quidat

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Nah, i dont see that kind of reason to be that somewhat connected on that flash crash (not totally considered to be one) because if we do talk about flash crash then it do always follow with recovery.
I do rather believe that there is some whale who do sell out bulks which did cause that kind of decline and dragging off most altcoins in the market too this is why it isnt really that surprising
that these kind of movement do really happen even though not that really on common but possibility is there and if you are just new into this market then better get used to it
because this is just like a normal day in crypto where price swings could really be having that kind of intensity on a particular day.

PercT4b

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I Was expecting a correction in this period and actually happened, it was quite understandable after so many days of price pump, but I have to admit that I wasn't expecting such a massive crash (almost 20%).

Maybe it could be a combination of a necessary/natural correction and a "sell the news" factor gave by El Salvador officially introducing BTC as legal tender.

From the moment we never have certainty in this market, I don't want to say that now we have, for sure, to expect a massive pump, but I still remain bullish, because the long shadow on the daily chart could suggest that the buyers are still present and vigorous (the next days will tell us who is the real winner).

Topic: Massive flash crash - page 2. (Read 214 times)