Red crypto market today - page 3. | Bitcointalksearch.org

Dread Pirate Roberts

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Quote from: Dr.Osh on June 24, 2021, 02:58:04 AM

at this time, I still hope the price of bitcoin can rise again above $ 40k. For some reason, news about China always has a strong effect on the price of Bitcoin. however, currently the price of bitcoin is indeed very low. however, I believe that early July prices will recover.

I also hope so, but indeed China's news lately is getting crazy and seems to make bad news for crypto users and holders, besides affecting market prices, it also affects the confidence of people who are new to crypto. This price roller coaster is sometimes stressful if you think about it.

Oilacris

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Quote from: Btcvilla on June 26, 2021, 04:58:36 PM

Quote from: Coin_trader on May 29, 2021, 03:13:24 PM

Quote from: VK.point on May 29, 2021, 03:04:15 PM

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

We are on Bearish market without a sign of reversal. So it's normal that price will go sideways to the known support and resistance which is the 30k and 40k respectively. There is no major news neither good nor bad that's why the price can't reach the confirmation point for the trend. It's better to scalp or short trade right now since the ATR is quite stable per day though.

good advice from you. I am also implementing short-term trading for now. , because I also have not heard any good news so far . So I decided to just trade short term . While waiting and continuing to monitor the development of which coins are good. My advice is just be patient. Don't panic and don't sell all your assets when you lose.

Easy to say but when you are already on the situation then its not something that you can easily just do because emotion would really be a big hindrance for you on making such action and this is why we do see lots of people whom do really commit out mistakes.

Short term trading is much really that ideal but not all would have the skills and capability in doing so this is why majority had opt in on doing long term hodling instead rather than on risking themselves on trading actively if they dont know actually on what theyre doing.

Bearish run or red market is a bit common and this is one of the biggest challenges that we would really be facing off once we do deal with this market.

kurniawan05

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It's been more than a month the downward trend in the crypto world continues, there is some bad news that disrupts the price of BTC such as Elon and China, but the good news has no significant effect on the price of BTC, hopefully there is good news that can boost the price again.

kevindjunaidi

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Quote from: VK.point on May 29, 2021, 03:04:15 PM

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

I think the price of cryptocurrency go down because of an increase that occurred in the past few months (bull run), so it's only natural if the market experienced a correction and I'm sure after the market reached its lowest point, then the next bull run will happen and that would make all cryptocurrency prices increased very high (creating a new ATH price), so this is an opportunity for us to invest more in cryptocurrency and hold until the market recovers, so we will get a big profit from investing in cryptocurrency at this time.

Btcvilla

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Quote from: Coin_trader on May 29, 2021, 03:13:24 PM

Quote from: VK.point on May 29, 2021, 03:04:15 PM

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

We are on Bearish market without a sign of reversal. So it's normal that price will go sideways to the known support and resistance which is the 30k and 40k respectively. There is no major news neither good nor bad that's why the price can't reach the confirmation point for the trend. It's better to scalp or short trade right now since the ATR is quite stable per day though.

good advice from you. I am also implementing short-term trading for now. , because I also have not heard any good news so far . So I decided to just trade short term . While waiting and continuing to monitor the development of which coins are good. My advice is just be patient. Don't panic and don't sell all your assets when you lose.

Maslate

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Quote from: lenovop-70 on June 26, 2021, 11:03:52 AM

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well when the cryptocurrency price collapses on exchanges like what happened in the past few days it is a nightmare for traders and I'm sure many are stuck at high prices because of the condition of all the coins that have collapsed, while for the whales this is a very good opportunity because for sure they will use the other money to buy more coins because they will not miss this opportunity to buy as many coins as they can at cheap prices.

You are right buddy, all we need just keep our position strong, if any spear buy the dip and well see what happen next week, i think that is best what we can do, especially for me. Just follow the whale.

If you know what the whales are doing it would be easy to follow.

But like crypto by nature, whales are also unpredictable, so we really need to study how to determine the next price movement.
If we speak of manipulation, it could happen anytime and it would result in a bear or bull market, so it's a hard job for us determining what the whales are currently doing. Our experience is a big factor, it will teach us to make a decision based on it and on the past market trends.

purka5

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Quote from: altixz on June 25, 2021, 02:40:46 PM

Quote from: alan228 on May 30, 2021, 04:39:35 AM

A lot of investors think that fall of the market is a good time to buy tokens for the best and most profitable price. But nobody knows how long this fall will last. The most important thing is that the project will continue to develop even when market falls. Here is a development plan of PolkaSyndicate https://polkasyndicate.medium.com/polkasyndicate-development-plans-b45e1b824239

The market has been falling for too long to be just a correction, that is, we need to adapt to a falling market.

I agree that the market decline may be too long and it may be protracted, but in any case, we need to continue to develop the project.

lenovop-70

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well when the cryptocurrency price collapses on exchanges like what happened in the past few days it is a nightmare for traders and I'm sure many are stuck at high prices because of the condition of all the coins that have collapsed, while for the whales this is a very good opportunity because for sure they will use the other money to buy more coins because they will not miss this opportunity to buy as many coins as they can at cheap prices.

You are right buddy, all we need just keep our position strong, if any spear buy the dip and well see what happen next week, i think that is best what we can do, especially for me. Just follow the whale.

viananda2525

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Quote from: Botnake on June 25, 2021, 03:31:03 PM

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I think a correction is normal after so much hype, now that China has gone to great lengths to eliminate bitcoin from the country and as other Western states continue their proposed adoption the markets seem to be back in green.

Honestly this correction is way too massive compared to the previous ones we used to have, and it's been over a month now since bitcoin dumped from $64k and even after the positive news from El Salvador about accepting bitcoin as a legal tender, China fud seems like its never going to stop, everyday they keep thinking of a way to eliminate bitcoin just like today, they banned banks from having anything to do with crypto exchanges, but bitcoin is bigger than just one country compared to back in 2017 when news like this affected bitcoin's price badly.

I beg to disagree, in the 2017 bull run, bitcoin almost reach $20k, and the price correction dip to as low as $3k+.

If we round it off, $20k to $3k, bitcoin was only holding 15% of its ATH, while now, the ATH was $60k (IIRC) and the price at $32k now, so we are still 50% dump from its original price, based on the comparison, 2017 correction is worst.

current correction not finished yet in my opiniion , we will see another dump till bitcoin back to previous ATH at 20k. any fud that come to market be trigger for whales push bitcoin price go down at that level. we face extreme fear from retail trader which is have no experience at all about crypto market cycle.

Botnake

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Quote from: ?? on ??

I think a correction is normal after so much hype, now that China has gone to great lengths to eliminate bitcoin from the country and as other Western states continue their proposed adoption the markets seem to be back in green.

Honestly this correction is way too massive compared to the previous ones we used to have, and it's been over a month now since bitcoin dumped from $64k and even after the positive news from El Salvador about accepting bitcoin as a legal tender, China fud seems like its never going to stop, everyday they keep thinking of a way to eliminate bitcoin just like today, they banned banks from having anything to do with crypto exchanges, but bitcoin is bigger than just one country compared to back in 2017 when news like this affected bitcoin's price badly.

I beg to disagree, in the 2017 bull run, bitcoin almost reach $20k, and the price correction dip to as low as $3k+.

If we round it off, $20k to $3k, bitcoin was only holding 15% of its ATH, while now, the ATH was $60k (IIRC) and the price at $32k now, so we are still 50% dump from its original price, based on the comparison, 2017 correction is worst.

altixz

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Quote from: Garsipop on June 22, 2021, 01:04:27 PM

Quote from: alan228 on May 30, 2021, 04:39:35 AM

A lot of investors think that fall of the market is a good time to buy tokens for the best and most profitable price. But nobody knows how long this fall will last. The most important thing is that the project will continue to develop even when market falls. Here is a development plan of PolkaSyndicate https://polkasyndicate.medium.com/polkasyndicate-development-plans-b45e1b824239

With a falling market, it is much more difficult to develop a project, as many people are disappointed in cryptocurrencies, but if investors see that the project is developing, then confidence in it increases.

The market has been falling for too long to be just a correction, that is, we need to adapt to a falling market.

DarkDays

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Quote from: Dr.Osh on June 24, 2021, 02:58:04 AM

Quote from: NicNacCoin on June 22, 2021, 06:50:34 PM

After publishing china governments Bitcoin ban news , than after bitcoin price strongly dumping 40k to 29k and all cryptocurrencies market showing its red signal. But now bitcoin again touched $32k which means bitcoin could again Chance to hit high price....

at this time, I still hope the price of bitcoin can rise again above $ 40k. For some reason, news about China always has a strong effect on the price of Bitcoin. however, currently the price of bitcoin is indeed very low. however, I believe that early July prices will recover.

Yes, I do agree with this sense of positivity around the market. At the moment, there are still a few glitches here and there that seem to have a negative effect on the market but now that more people have become aware of the power of blockchain, to my speculation the markets will turn green again.

tabas

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Quote from: Dr.Osh on June 24, 2021, 02:58:04 AM

at this time, I still hope the price of bitcoin can rise again above $ 40k.

No need to worry, it will surpass $40k as you wish. We only need to wait until that time comes again. Bitcoin has seen $35k today and that's not far from what you're thinking.

Quote from: Dr.Osh on June 24, 2021, 02:58:04 AM

For some reason, news about China always has a strong effect on the price of Bitcoin. however, currently the price of bitcoin is indeed very low. however, I believe that early July prices will recover.

It is always like that, we cannot change that unless bitcoin reaches higher price and even there will be new FUD to come. It's going to remain stronger.

gurunanakji777

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I would say it's a correction phase. Honestly speaking I am not watching the value of my coins at the moment just keep an eye on the total market cap. I don't want to panic by watching the value of my coins now and then I know in the present market it will take time. I hope the market will again green in the month of August as the market is dropping or consolidating at the moment so I have not much expectation for now at least we have to wait for one more month. I will try to remain patient in this market so that I will not repent later.

Botnake

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Quote from: Skinny48 on June 24, 2021, 04:20:25 AM

No matter how strong the stunt BTC and crypto market pull the only way is downward trend, the highest we are going to see BTC goes is that 60k, it's finally over pack your things people and wait for the next halving, stability incoming? I don't think so it's possible that BTC will reach 10k again this I assure you, we are heading into big red market and nothing can stop it, not even a good news, I don't expect many to understand this but if you've been in crypto space for years you should understand perfectly.

I've been here for years already and I know what you are saying, based on experience, I believe that we will likely see a more down trend that would cause more panic, but for me, it's normal, we've seen a lot of that in the past so there's nothing to panic, we just have to understand and trust the market so everything will be easy for us.

Skinny48

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No matter how strong the stunt BTC and crypto market pull the only way is downward trend, the highest we are going to see BTC goes is that 60k, it's finally over pack your things people and wait for the next halving, stability incoming? I don't think so it's possible that BTC will reach 10k again this I assure you, we are heading into big red market and nothing can stop it, not even a good news, I don't expect many to understand this but if you've been in crypto space for years you should understand perfectly.

judaspriest

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Quote from: Dr.Osh on June 24, 2021, 02:58:04 AM

Quote from: NicNacCoin on June 22, 2021, 06:50:34 PM

After publishing china governments Bitcoin ban news , than after bitcoin price strongly dumping 40k to 29k and all cryptocurrencies market showing its red signal. But now bitcoin again touched $32k which means bitcoin could again Chance to hit high price....

at this time, I still hope the price of bitcoin can rise again above $ 40k. For some reason, news about China always has a strong effect on the price of Bitcoin. however, currently the price of bitcoin is indeed very low. however, I believe that early July prices will recover.

I don't really expect the bitcoin price to go up if you look at the current market conditions,
I respect your opinion but I think it looks like in early July the bitcoin price will still be more or less like this,
what's clear is that we don't know for sure so it's better to just keep following the progress

shogun47

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Quote from: Coroline on June 22, 2021, 06:59:09 PM

Quote from: shogun47 on June 22, 2021, 06:32:57 PM

Another day with a lot of huge red candles, but somehow Bitcoin bounced back a little again. I don't know if the bounce is just temporary or if it is substantial resistance that we can deem to be a good sign. DOGE has suffered massive losses, even more than many of the other top market cap coins. Ethereum also suffered a little more than Bitcoin, but is stable for the moment as well. I find it so difficult to make any conclusions from these movements now. A few say it is a great opportunity, others say don't catch a falling knife. I personally think it is no falling knife and Bitcoin has a strong support base, but that doesn't mean it could crash further. It definitely can.

Today and the next few weeks are indeed days that are so confusing and dilemmatic. It is difficult to see movements based on trading techniques, as the market is more influenced by sentiment towards bitcoin and altcoins. We believe that bitcoin is very strong and will not fall any deeper, but the movement that is so hard to read due to sentiments from the government or even figures makes a lot of losses. Hopefully it will rise and stabilize soon

it is bouncing back and forth. Sometimes it seems it will touch $30k again, that it goes up again towards $35k. If there are no other negative news on the horizon I think we will stabilize or maybe even go up a little from here eventually. If another wave of massive FUD hits, I think we can go down a lot from here. Hopefully there are some good news coming up anytime soon!

Dr.Osh

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Quote from: NicNacCoin on June 22, 2021, 06:50:34 PM

After publishing china governments Bitcoin ban news , than after bitcoin price strongly dumping 40k to 29k and all cryptocurrencies market showing its red signal. But now bitcoin again touched $32k which means bitcoin could again Chance to hit high price....

at this time, I still hope the price of bitcoin can rise again above $ 40k. For some reason, news about China always has a strong effect on the price of Bitcoin. however, currently the price of bitcoin is indeed very low. however, I believe that early July prices will recover.

ChaoChibai

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Quote from: NicNacCoin on June 22, 2021, 06:50:34 PM

After publishing china governments Bitcoin ban news , than after bitcoin price strongly dumping 40k to 29k and all cryptocurrencies market showing its red signal. But now bitcoin again touched $32k which means bitcoin could again Chance to hit high price....

China created fud news in 2018 as well, it was after bitcoin hype in 2017 end. I believe bitcoin value will rising again in the future.
For now, i think some people want to create fud so they can accumulate and preparing for the next crypto hype.
Maybe it is the right thing to buy on the rumor and sell on the news.

Well, this is quite make sense when I think about it. Maybe this is also the strategy of China to create the hype of crypto in the future. Also I wanna believe that crypto especially bitcoin will come back stronger like couple months ago when it reaches $63k and the increasing price of bitcoin hopefully will affect alts.

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