Just remember this buy at the dip and sell when it was pumping. Im seeing the market right now and bitcoin is starting to bump again after a small decline that happened before. You should have learned a lot of knowledge from this never panic when the correction will be happening. The whales were transferring their wealth to big parties like institutional investors. which creates a small decline.
Im always selling my coin when it gets -4% as the minimum decline that can be approved to be used as a point to leave from the market.
I think that anyone has their own standard but I do believe if they will always sell their coins when it gets pumped
Topic: New to this... What's causing the current selloff? (Read 212 times)
I see my portfolio has lost around 5% over the past couple of hours. So I searched the internet expecting to find some kind of explanation to no avail. I figured another govt issued a negative statement regarding crypto or something. But that doesn't seem to be the case. If anything, the news stories about crypto seem to be positive today. So can anyone tell me what causes dips like this?
There is no specific reason for a minor correction, we need to see that the market was rallying for a long time and you should expect a minor correction here and there. I could not find a specific reason for the correction but we can say that the resistance was strong 
.Also, at what point are you guys prepared to sell to protect against a crash? Do most of you have sell stop orders on the books to protect against a crash? Thanks in advance!
If there is a huge swing in price especially after a correction of around 10% to 20% i will book my entire profit. I see my portfolio has lost around 5% over the past couple of hours. So I searched the internet expecting to find some kind of explanation to no avail. I figured another govt issued a negative statement regarding crypto or something. But that doesn't seem to be the case. If anything, the news stories about crypto seem to be positive today. So can anyone tell me what causes dips like this?
As you said yourself you are new to crypto so if you stick around long enough you will get used to daily price movements of +-5% or more pretty quickly.
I also don't know any particular reason why the price droppe a little the last two days but you need to remember that we had a nice positive trend overall during the lats few months so it's no wonder that from time to time there are small corrections.
I would say the market as a whole is still in a sideways movement at the moment.
the government issue in cypto can cause a crypto to decline too .
you never knew that it wasnt only a negative statement but after that ,
the crypto on that country are not going to be available anymore because their government already banned it and that was the cause why crypto prices are going down but havent you sell off ? if you didnt sell off then you are fine but if you wanna know if everyone is using a stop loss yes we do that because that is an important tool in trades .
It was a long-time battle for crypto vs the government. But that is not what I suspected the cause of some declines because we are actually to have that thing anytime. I neither to say also that this is all about market manipulations done by whales but this how volatility affects the market price trend. And therefore, it was expecting to see a zigzag line than to have a straight high or down. you never knew that it wasnt only a negative statement but after that ,
the crypto on that country are not going to be available anymore because their government already banned it and that was the cause why crypto prices are going down but havent you sell off ? if you didnt sell off then you are fine but if you wanna know if everyone is using a stop loss yes we do that because that is an important tool in trades .
I'd never suspected any cause for this, but this comes naturally.
the government issue in cypto can cause a crypto to decline too .
you never knew that it wasnt only a negative statement but after that ,
the crypto on that country are not going to be available anymore because their government already banned it and that was the cause why crypto prices are going down but havent you sell off ? if you didnt sell off then you are fine but if you wanna know if everyone is using a stop loss yes we do that because that is an important tool in trades .
you never knew that it wasnt only a negative statement but after that ,
the crypto on that country are not going to be available anymore because their government already banned it and that was the cause why crypto prices are going down but havent you sell off ? if you didnt sell off then you are fine but if you wanna know if everyone is using a stop loss yes we do that because that is an important tool in trades .
I see my portfolio has lost around 5% over the past couple of hours. So I searched the internet expecting to find some kind of explanation to no avail. I figured another govt issued a negative statement regarding crypto or something. But that doesn't seem to be the case. If anything, the news stories about crypto seem to be positive today. So can anyone tell me what causes dips like this?
definitely the news mate it really can affect in the crypto market ! Because for your information that is the common reason even before, wherein why crypto suddenly swing down within days. especially if there's a government issue,? Well don't expect that the market has ability to recover immediately.Also, at what point are you guys prepared to sell to protect against a crash? Do most of you have sell stop orders on the books to protect against a crash? Thanks in advance!
mostly in the market they preferred to dump during the crash., especially those who earned a lot, wherein there's no way they will not skip in order to protect there profits IMO. Especially those greedy ppl who always waiting for the lowest price to buy again, don't assume they'll not join to jump, because they always dump immediately to start again from the bottom.." Buy low and sell high!".. . So all i can say there is a lot of hodler that dumping instead of hodling especially if there's a massive collapse in the market. .
High volatility in the cryptocurrency market is normal and Bitcoin price fluctuations from 5 to 10 percent per day should not be considered anything special. I look at such fluctuations calmly, as I am sure that there will still be continued growth.
Always expect prices of coins to fluctuate that way in Crypto market. It can be quite volatile as there is currently no generally accepted way to moderate the volatility without compromising on important crypto ideals like decentralization.
By the way, The dips should be important opportunitie to buy some coins with amount you can afford to risk. And it's better to focus on the true cryptocurrencies that are safer while buying.
I think buying when the markets dips significantly and holding more or selling some (if you want) could help regulate or keep price volatility moderate
By the way, The dips should be important opportunitie to buy some coins with amount you can afford to risk. And it's better to focus on the true cryptocurrencies that are safer while buying.
I think buying when the markets dips significantly and holding more or selling some (if you want) could help regulate or keep price volatility moderate
None.
Just the traders taking profit maybe. This kind of scenario has been normal already for us who are in the cryptocurrency for a long time. Since you said that you are new to it then welcome and you already saw one of the most common events that cryptocurrency has been doing for a long time. Corrections after a huge price spike upwards
.
The short term support that I'm seeing with Bitcoin is at the $54,000 but it seems that it has been broken too that is why the next support that I'm seeing right now is at the $50,000. We know already that when Bitcoin dips, altcoins will follow so right now, the market is bleeding.
Yeap, Crypto market was volatile i suppose it's just another slight correction but basically for some traders especially Day Traders & Altcoin Scalping it's really important Thought, I personally was actively do some Scalp and this sudden Bitcoin Price Movement was bad for me but just hoping it's just another correction, Next Support on $50k and after that i suppose it's going to continue to fall until $48k range or even $45k, Well the best way to do is converting to fiat for current market condition in my opinion, It's really Crazy today. I lost almost 10% on my Scalping Portfolio hahaha Just the traders taking profit maybe. This kind of scenario has been normal already for us who are in the cryptocurrency for a long time. Since you said that you are new to it then welcome and you already saw one of the most common events that cryptocurrency has been doing for a long time. Corrections after a huge price spike upwards
. The short term support that I'm seeing with Bitcoin is at the $54,000 but it seems that it has been broken too that is why the next support that I'm seeing right now is at the $50,000. We know already that when Bitcoin dips, altcoins will follow so right now, the market is bleeding.
I see my portfolio has lost around 5% over the past couple of hours. So I searched the internet expecting to find some kind of explanation to no avail. I figured another govt issued a negative statement regarding crypto or something. But that doesn't seem to be the case. If anything, the news stories about crypto seem to be positive today. So can anyone tell me what causes dips like this?
Also, at what point are you guys prepared to sell to protect against a crash? Do most of you have sell stop orders on the books to protect against a crash? Thanks in advance!
I don't do day trading yet or even the traditional one, OP.Also, at what point are you guys prepared to sell to protect against a crash? Do most of you have sell stop orders on the books to protect against a crash? Thanks in advance!
You shouldn't have that much issue just yet in 5% loss, but you might consider preparing for a crash.
Put it in stablecoin whenever you start to earn, just as it breaks past your breakeven.
I see my portfolio has lost around 5% over the past couple of hours. So I searched the internet expecting to find some kind of explanation to no avail. I figured another govt issued a negative statement regarding crypto or something. But that doesn't seem to be the case. If anything, the news stories about crypto seem to be positive today. So can anyone tell me what causes dips like this?
Also, at what point are you guys prepared to sell to protect against a crash? Do most of you have sell stop orders on the books to protect against a crash? Thanks in advance!
Also, at what point are you guys prepared to sell to protect against a crash? Do most of you have sell stop orders on the books to protect against a crash? Thanks in advance!
Do not worry about 5%,,, do not even worry about 50% or more. This is Bitcoin and you will see crazy rallies of price doubling in a few days and also of 80% losses in a single day of 24 hours as happened in March of last year.
Volatility is natural here just be patient and wait for things to happen. I speak as a hodler though not as a trader.
Reasons are not important (trust me,,, you sleep better).
None.
Just the traders taking profit maybe. This kind of scenario has been normal already for us who are in the cryptocurrency for a long time. Since you said that you are new to it then welcome and you already saw one of the most common events that cryptocurrency has been doing for a long time. Corrections after a huge price spike upwards.
The short term support that I'm seeing with Bitcoin is at the $54,000 but it seems that it has been broken too that is why the next support that I'm seeing right now is at the $50,000. We know already that when Bitcoin dips, altcoins will follow so right now, the market is bleeding.
Just the traders taking profit maybe. This kind of scenario has been normal already for us who are in the cryptocurrency for a long time. Since you said that you are new to it then welcome and you already saw one of the most common events that cryptocurrency has been doing for a long time. Corrections after a huge price spike upwards
. The short term support that I'm seeing with Bitcoin is at the $54,000 but it seems that it has been broken too that is why the next support that I'm seeing right now is at the $50,000. We know already that when Bitcoin dips, altcoins will follow so right now, the market is bleeding.
I see there is no negative statement or anything related to current prices, My portfolio was also negative, In binance is -7% and on personal Ethereum address is -10%! Not sure too but looks like it's just another correction? Let's wait and don't panic for now.
dips like this could happen like anytime without even proper reasoning, none of us know what exactly could make the market down 5% within hours, it could be the whales trying to dump their coins that cause the market to somewhat lacking in buy order and therefore create an illusion of market dumping but one thing for sure is that this kind of dips is such a normal phenomenon in cryptocurrency world. cryptocurrency in general is considered high risk investment for a reason and this fluctuation is one of them. and I personally to don't really have limit or stop order since I know it will eventually recover again but it's always good to have one set just in case.
This ki d of sell-off is normal in crypto, so. times market correction will leave your investment at least 20% lesser, but as I mentioned it is part of the market cycle and the market will never remain stable. Take this as an opportunity to accumulate, the market will recover soon as the bull season is not yet over.
That is normal, don't be like others who are not happy with small gains, people are getting their profit that is why the price is going down, so once you see there is already a big margin of profit you should sell too, and try to buy on the lower price not higher the price you sold, so if you see someone is selling lots of tokens, remember they are here to earn, same as every other people in the community.
If anything, the news stories about crypto seem to be positive today. So can anyone tell me what causes dips like this?
Finding out the cause behind a crash is not the correct approach always. Many times the real cause can never be found and for such reasons instead of wasting time on trying to find out the cause you have to take some precautions from before hand.First thing is that if you believe a certain project is going to do good, meaning you have faith in it, you would not sell at the dump but when the dump happens you will buy it more. The reason behind the crash might be something sinister but then crypto is a wild west and you will not have anything to recover losses. That is one bad thing about investing in altcoins not bitcoin.
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Also, at what point are you guys prepared to sell to protect against a crash?
If you have faith in the project you will not sell. Chances of lacking faith is common though, specially for altcoins which is why thing question creeps up. Anyway me being a bitcoin maximal, I would buy bitcoin if it goes down. ETH, I would not sell easily and defenitely not at a loss. Rest of the altcoins are less than 1% in my folio.Quote
Do most of you have sell stop orders on the books to protect against a crash?
Some traders might do this. However mechanically posting an order like that might make you lose out in case the price rises just after the dump while you sleep. Again that is a tradeoff so cant argue about that, 
There's no even bad news about crypto but the opposite thing was happening as china is starting to build its own blockchain to run the dapps that fully controlled by the governments.
That being said if im not even seeing this as a big dump for crypto. This is better rather than seeing when the whales dumping their bitcoin a few weeks ago.
You should read this news dude https://cointelegraph.com/news/3-reasons-why-bitcoin-traders-keep-a-close-eye-on-the-futures-funding-rate
You should never feel panic to see that
That being said if im not even seeing this as a big dump for crypto. This is better rather than seeing when the whales dumping their bitcoin a few weeks ago.
You should read this news dude https://cointelegraph.com/news/3-reasons-why-bitcoin-traders-keep-a-close-eye-on-the-futures-funding-rate
You should never feel panic to see that
Interesting article... Thank you very much for that... I'm in this for the long run and I've told myself I wouldn't get into day trading because after fees, it's usually a losing proposition for people with my level of resources. However, it's hard not to pay attention the current market dropping even 5% since I have a significant amount of savings tied up in Crypto.
Let's say the market dropped 10% over a few hours for no apparent reason... Would you get out until things settled down? If not at 10%, what about 15, 20, and so on?
Thanks again!
If you are using CEX and the fees should not be a problem to get into the daily trading but when you are using swap service may become another story. I know how you feel dude and i guess as a new user and you will always feel panic when you are seeing the market crashes even a little bit.
About your next question and that totally depends on my position. I will always reserve some of my profit into the stable coin to anticipate the dump when it will be occurring soon.
I will never use the bearish trend as a way to go out from the market. Remember this when you can go out when the market was bullish and why should you choose to go out when the market turned into the bearish trend.
When i was new in crypto and i m always feeling panic when the market went down and that's why learning about the fundamental of crypto is a very important thing.
I see my portfolio has lost around 5% over the past couple of hours. So I searched the internet expecting to find some kind of explanation to no avail. I figured another govt issued a negative statement regarding crypto or something. But that doesn't seem to be the case. If anything, the news stories about crypto seem to be positive today. So can anyone tell me what causes dips like this?
Also, at what point are you guys prepared to sell to protect against a crash? Do most of you have sell stop orders on the books to protect against a crash? Thanks in advance!
Also, at what point are you guys prepared to sell to protect against a crash? Do most of you have sell stop orders on the books to protect against a crash? Thanks in advance!
The global crypto market cap is 4.62% decrease over the last day mate
but, we don't need to be worry, because for now market still in sideways,
wich mean this is an accumulating time for a big whales buddy before the price spike up
When btc falls even 1% in price, alts react 10 times 'mostly' on that move and lose much more. You have invested in alts or btc? As observed, btc too got hit by a dip of more than 5% in a day which may have been caused due to high fees, US Dollar got strong or whales manipulating it to let Turkish people buy it cheap. It is not possible to find the reasons behind these dips and even pumps except when someone comes ahead and takes the responsibility of the same. Oh yes, may be it got dipped in because it was bloody Monday, and we may see this dip become larger in size.
Thanks, makes sense... I've got a little bit of BTC, but I'm heavy into ETH. I own some other altcoins, but they're all well established ones (all listed on coinbase).
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