Red crypto market today - page 8. | Bitcointalksearch.org

Review Master

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Finally, market is under controls of bulls as of now. Lets see, bulls will be able to maintain the support of $40k or not. Looks like, red crypto market or correction is almost done as more and more good news are publishing and even tesla would resume bitcoin transections as per elon's tweets. But don't know what's waiting for bitcoiners into the quarterly profit sheet from tesla in July. Sad

Quote from: asus09 on June 10, 2021, 10:20:02 AM

so why many people panic when China make bullshit announcement every time, maybe you can see when bitcoin under $3000 China ever banned bitcoin but bitcoin keep going to higher price.

It's because of fomo and everyone isn't like us as many users are newly entered into this market within this bull run or they're not aware of those. That's why everyone's on panic to sell off so that they could secure the profits, even many of them didn't care about the losses. That's how the market works and those panic users are also buying today. As a result, bitcoin is pumping just like huge dumping. Grin

Silver80

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because of China, the blind merchant Elon Musk, and the global economic collapse caused by the Covid-19

zonefloor

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Quote from: zonefloor on June 11, 2021, 07:33:22 PM

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The latest tweets by Elon Musk and Tesla caused the big drop that accelerated the downtrend correction. In my opinion, the new correction will happen after Btc price crosses the $32000 level. Alt season will be bloody if the recovery doesn't happen in 2 months.

I am very confused how Elon Musk can manipulate the market in this way. He entered this market only yesterday, but any tweet he sends officially determines the fate of investors in the cryptocurrency world. I am also waiting for an improvement. As you said, if this improvement does not occur, the bear season will officially start in my opinion. At the moment, the market is in good shape, but for this trend to move upwards, the $32,000 band must be broken upwards solidly.

beside blamming elon musk , we have to blame our self why we could easily influenced by his tweet? as crypto community which survive for long term , we must understand how this market cycle work. it should not happen , single tweet from a man could make us panic and selling our assets. if compare with fud in 2017-2018 its nothing, we were several time face it.

I absolutely agree with this view. We have been in this market for years and we follow everything closely. The person we call Elon musk is someone who has just entered the crypto money market and has not provided any benefit for cryptocurrencies. But he managed to manipulate us very nicely. So how did he achieve this by tweeting? In my opinion, he used the power of his money seriously and used social media very well. After this time, our duty is not to be manipulated quickly in the market.

Golftech

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Quote from: newdevices on June 12, 2021, 08:25:00 AM

Quote from: overttherainbow on June 12, 2021, 02:27:13 AM

Its not the first and last dip on the market. The main question is - is it the end of bull market or not?

don't panic, some countries are already using Bitcoin as a legal tender,
of course if other developed countries follow el salvador's steps then bitcoin will break out and fly to the moon,
I'm sure many whales want low prices, because they know the future of bitcoin is very bright!,
and the price can reach more than $100k, dont sell in this price, because this price is a cheap price!

That's still facts, there are whales who are still working behind, making sure that they'll still have that

control over this market, The idea that the popularity of this asset will continue to move forward and

new investors will be there to start their venture inside this market will bring the value to rise up.

smartaction

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Sometime crypto market going down for some bad news. Like cryoto has been banned from india, China ETC. But it is recovering quickly again. Btc now on 30-32k usd Support then BTC can hit 40k USD

smyslov

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Quote from: tsaroz on June 10, 2021, 12:05:03 PM

Crypto has been a bearish market for over a month. People may argue otherwise but the price average are coming down every week and every correction towards larger prices are missing last higher price. There's been a good resistance for bitcoin at 30K but when breached, the price would easily go as low as 25K by this month. It is also a good time to fill your bag with cheap coins.

When the Market is in red people are asking why we are in red, when the market is in green people are asking when it will end and when is the start of the bear trend, people still questioning, the potential of Cryptocurrency and they still have this thought in the back of their mind that it's a bubble waiting to explode anytime if you have this thinking you are losing a lot of profit.
It's a dip it's time to make a profit.

Maslate

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Only green market when El Savador legal bitcoin yesterday and now back to red market zone and bitcoin crash under $35000, very hard for bitcoin how back above $40000 after many time only touch $38,000 and see bad news every time make bitcoin keep dump. Maybe this month never see bitcoin strong and back above $60,000 again after we happy last three months ago.

That's because the news was not big enough to create some hype, we are witnessing a correction now, bitcoin will likely dip below $30,000 this week or next week, we should watch out for that as we might witness another panic selling. Don't be surprised by the red market, as if it has not happened before, we should consider it as a normal scenario already.

newdevices

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Quote from: overttherainbow on June 12, 2021, 02:27:13 AM

Its not the first and last dip on the market. The main question is - is it the end of bull market or not?

don't panic, some countries are already using Bitcoin as a legal tender,
of course if other developed countries follow el salvador's steps then bitcoin will break out and fly to the moon,
I'm sure many whales want low prices, because they know the future of bitcoin is very bright!,
and the price can reach more than $100k, dont sell in this price, because this price is a cheap price!

overttherainbow

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Its not the first and last dip on the market. The main question is - is it the end of bull market or not?

nomenclatur

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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.

a lot of bad news about bitcoin makes the price of bitcoin go down and makes the market continue to get worse there is no good news about bitcoin at this time so the price is still stuck at $35k-$39k until now not so good makes the market many countries make bad news make bitcoin the more it goes down some people realize that the fud has happened in a row making the price go down it is very worrying once the bitcoin price is very risky to go below $35k the longer the price continues to deteriorate and continues to decline.

zonefloor

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The latest tweets by Elon Musk and Tesla caused the big drop that accelerated the downtrend correction. In my opinion, the new correction will happen after Btc price crosses the $32000 level. Alt season will be bloody if the recovery doesn't happen in 2 months.

I am very confused how Elon Musk can manipulate the market in this way. He entered this market only yesterday, but any tweet he sends officially determines the fate of investors in the cryptocurrency world. I am also waiting for an improvement. As you said, if this improvement does not occur, the bear season will officially start in my opinion. At the moment, the market is in good shape, but for this trend to move upwards, the $32,000 band must be broken upwards solidly.

Botnake

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Quote from: bamb on June 10, 2021, 02:53:27 PM

When the market is bearish, that is the time to focus on your plan and ignore the prices of your coin and token! The Cryptocurrency market can not increase in price all the time, there will be time like this when prices will drop across board! Persistence is the most powerful attributes you could have in Cryptocurrency investment, You must hold and stay the course!

It's easy to understand that if we are realistic, we just simply look at the graph and we will know the history of the price movement.

Now, that the correction has started, at least in my own opinion, I would say that the price might still go down and this might create more panic for the weak hands. Let bitcoin dump more and altcoins will follow, with that, I can say it's guaranteed we will see a good price and it's also guaranteed we will be profitable if we hold.

bamb

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When the market is bearish, that is the time to focus on your plan and ignore the prices of your coin and token! The Cryptocurrency market can not increase in price all the time, there will be time like this when prices will drop across board! Persistence is the most powerful attributes you could have in Cryptocurrency investment, You must hold and stay the course!

Review Master

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Quote from: tsaroz on June 10, 2021, 12:05:03 PM

Crypto has been a bearish market for over a month. People may argue otherwise but the price average are coming down every week and every correction towards larger prices are missing last higher price. There's been a good resistance for bitcoin at 30K but when breached, the price would easily go as low as 25K by this month. It is also a good time to fill your bag with cheap coins.

Indeed, market is down as whales or Institutional investors are accumulating for another bullish rally. But it should be support at $30k, not resistance and it's true that bitcoin might dump to $25k if that support level become resistance for bitcoin and whole market will be on bearish mode once again. But personally don't think, it'll rebound according to TA as there is a falling wedge and it's tested upper level again today and there is high chance of bouncing back above $40k in the upcoming days. But alts will be down for this high sideways movement of bitcoin as many altcoin already dumped a lot.

ven7net

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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.

Let's be honest, cryptocurrency prices can't go up all the time. Proceeding only from this factor, sooner or later we should have seen a good correctness. It is also worth noting that this is not the first time, which means that after studying the history of the development of the crypto market, you can find many recurring events. I also believe that this next drop in crypto prices is an opportunity for large players to try to knock top cryptocurrencies out of weak hands, as well as an excellent opportunity to enter the crypto market for new large players. Also, each such drop in price makes it possible to gather strength for a new, even stronger growth.

lepbagong

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Quote from: tsaroz on June 10, 2021, 12:05:03 PM

Crypto has been a bearish market for over a month. People may argue otherwise but the price average are coming down every week and every correction towards larger prices are missing last higher price. There's been a good resistance for bitcoin at 30K but when breached, the price would easily go as low as 25K by this month. It is also a good time to fill your bag with cheap coins.

The correction that occurred was felt but unfortunately I don't see any tendency for bitcoin to drop below the $30K price. bitcoin is more comfortable in a fairly stable position for the past few weeks in the $30K-$40K range, this indicates that bitcoin still has the opportunity to increase again, waiting for the moment to be available.

but unfortunately this stability does not occur in altcoins, everything is slumped far and cannot move to be able to increase again.
like ethereum until now after reaching its ATH it can't even maintain let alone be able to follow the rhythm of bitcoin. bitcoin goes up ethereum goes down and this is unusual behavior.
but true, the opportunity to be able to buy and hold it because the possibility of increasing will always occur.

tsaroz

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Crypto has been a bearish market for over a month. People may argue otherwise but the price average are coming down every week and every correction towards larger prices are missing last higher price. There's been a good resistance for bitcoin at 30K but when breached, the price would easily go as low as 25K by this month. It is also a good time to fill your bag with cheap coins.

akirasendo17

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There are lots of things to consider, why the market is down, we have to take into consideration, that the people who bought last year might have sold their tokens since they already have a big profit, and since the pandemic are now disappearing, and the people are now going back to their normal life, they realize that they need money, I think this is one of the reasons I think to remember that when the pandemic starts crypto coin rally starts.

sarmrakib

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Quote from: maisao1991 on June 09, 2021, 10:08:18 AM

The continuous FUDs from China have caused the cryptocurrency market to continue to plummet in recent days, the BTC price leading to a series of Altcoins also decreased. BTC has been moving sideways for quite a while, so during this time investors should watch the market soberly to avoid losing money unfortunately.

I also think the FUDs has changed the whole momentum .The market was bullish and suddenly got the bearish momentum .I think its still a good chance to recover and going through with the bullish trend .I have seen a good upper spike by btc if it continuous hope the market will rapidly recover and go the previous rhythm to go up .Investor are waiting they are actually thinking and taking some more time to see after sideways how the market behave .

DarkDays

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Quote from: 19Nov16 on June 08, 2021, 10:26:40 AM

Quote from: xmonkeyx on June 08, 2021, 10:23:43 AM

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.

It's natural that every market will experience price increases and decreases, you don't need to panic and continue to keep your assets there, because no one knows for sure the price in the crypto market in the future can be better or otherwise.

Everyone who have known crypto for at least 3 months will consider it normal, up and down can be 10% per day or even more, and this is what makes me happy with crypto because there is an opportunity for big profits in a short time.

Yes, exactly right. Today's crypto market is actually a great gainer compared to yesterdays'. The under 1% drop in BTC and other similarly high ranked alts is nothing to panic, it is absolutely normal.

Topic: Red crypto market today - page 8. (Read 2905 times)