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Topic: RED is spreading like a wildfire - page 3. (Read 10530 times)
Based on your subject, RED is usual whenever there is a sudden surge in the price of cryptocurrency, so, nothing to be afraid of. RED is inevitable in the world of cryptocurrency as we have had in 2018 which in my little knowledge was a depressed year for cryptocurrency investors. The wildfire will not last longer, and the GREEN wildfire will surface again .
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To be honest it is quite expected mate. If we look throughout the history of bitcoin we can analyse that every bullish trend had faced some minor corrections at some point of time.
It is like every spike has a minor decline. Bitcoin's price had increased from $3000 to $8200 and it had to face some correction.
I wouldn't be surprised if the price go back to $6000 as bitcoin has faced such corrections. What matters is that it has to recover the correction and only then it can bounce back harder.
It is like every spike has a minor decline. Bitcoin's price had increased from $3000 to $8200 and it had to face some correction.
I wouldn't be surprised if the price go back to $6000 as bitcoin has faced such corrections. What matters is that it has to recover the correction and only then it can bounce back harder.
Exactly, sooner or later we will hit a wall that is hard to breach, so obviously those psychological barriers are hard to overcome and investors will likely to sell, just like we witnessed then the price falls so quick that others panic and push the sell button.
But for those who have seen this or at least knows what's coming, they are still calm as a cucumber because this kind of pullback is healthy, meaning after this correction, the price will go as high as the previous price or even more.
I was shocked myself to discover the new price drop on coin market cap it was massive the would raise the fear of a bearish market return just after the celebration of the coming of the bull market
To be honest it is quite expected mate. If we look throughout the history of bitcoin we can analyse that every bullish trend had faced some minor corrections at some point of time.
It is like every spike has a minor decline. Bitcoin's price had increased from $3000 to $8200 and it had to face some correction.
I wouldn't be surprised if the price go back to $6000 as bitcoin has faced such corrections. What matters is that it has to recover the correction and only then it can bounce back harder.
It is like every spike has a minor decline. Bitcoin's price had increased from $3000 to $8200 and it had to face some correction.
I wouldn't be surprised if the price go back to $6000 as bitcoin has faced such corrections. What matters is that it has to recover the correction and only then it can bounce back harder.
The red market situation is part of the cryptocurrency market place and because cryptocurrencies are highly volatile we should expect a situation like this to happen at any point in time. It is part of the cryptocurrency life circle
Be patient for a while and let see what will happen in the next week.
I think we already see this is happening before and even we see this many times in the last year but bitcoin still strong until now.
The red candle will replace with the green candle, and that means, we will make another profit again after we see the down of the price.
Make sure you can buy more bitcoin so you can be ready to sell bitcoin at a high price later.
I think we already see this is happening before and even we see this many times in the last year but bitcoin still strong until now.
The red candle will replace with the green candle, and that means, we will make another profit again after we see the down of the price.
Make sure you can buy more bitcoin so you can be ready to sell bitcoin at a high price later.
Completely agree with your statement " However, volatility is a two-edged sword...soon it is back on the game and on track to win over the $10,000 prize". This was suppose to happen and it happened fast. I predicted that Bitcoin will touch $8500 level and then correct itself to $7500. But, as we all know. it is hard to predict Cryptos. The next resistance level is $6800 -$7000, if Bitcoin can hold at that level, then I am sure it will touch $10000 very soon. Expecting Bitcoin to reach a all time high by this year end.
Many bitcoin hodlers and traders can be expecting this to happen fast and soon despite the correction that the market is undergoing right now. As what I learned in the history of bitcoin, correction can always happen and this is actually good as it can give others the time to get in with the bandwagon and have a good ride. We are spewing very positive predictions here, of course, even if we know that bitcoin can act unpredictably even if the market says otherwise. Anyway, it is always good to be positive otherwise there is no reason to be here supporting bitcoin on its bull run march.
I remember the day when BTC was around $1200 and suddenly it fell to $760 in Jan 2017, people were panic but they kept invested and it touched $19000+ before the bear trend. I see this price decrease as correction before it goes to moon. BTC is positive bull trend so such correction are the part of the game. Once BTC will acquire momentum potential altcoins will also start inceasing. I see this level as the right opportunity to buy more BTC.
For people who witness that surely they are also trying to accumulate more coins now, knowing that the cycle is showing big potentials that thisslow back down will go back to a much stronger uptrend we will soon to see the next bull to bring everything up.
I think the market has not really gone into the up trend, we have seen an abnormal price of pumping. I don't think the market is falling is a correction. I think we are still in the down trend right now, an expectation that will soon be extinguished. welcome to bear market.
It did, the only reason it dumped is that there are corrections on the market and that is normal. We all know how volatile Bitcoin, not only Bitcoin but also other altcoins in the market. Sudden changes can happen since we all know, as I said, it is a volatile crypto currency and we should be able to adapt with the sudden changes because it might create a negative effect on us.
Right now, the cryptocurrency marketplace is colored RED as the correction is setting in. Bitcoin lost around 10% of its price after touching the $8,000+ level the other way and is now steadying at $7,300+ for now. Other major altcoins followed the same trajectory as they also shed some of what they gained the past few days. Interestingly, just a huge single transaction triggered this ongoing "crash" if I am allowed to use this term.
Just another turn of events confirming how volatile bitcoin and the rest of its gang is...one day we are all excited as it passed the $8K level and then soon we saw the red spreading like a big wildfire. However, volatility is a two-edged sword...soon it is back on the game and on track to win over the $10,000 prize.
I remember the day when BTC was around $1200 and suddenly it fell to $760 in Jan 2017, people were panic but they kept invested and it touched $19000+ before the bear trend. I see this price decrease as correction before it goes to moon. BTC is positive bull trend so such correction are the part of the game. Once BTC will acquire momentum potential altcoins will also start inceasing. I see this level as the right opportunity to buy more BTC.
I think the market has not really gone into the up trend, we have seen an abnormal price of pumping. I don't think the market is falling is a correction. I think we are still in the down trend right now, an expectation that will soon be extinguished. welcome to bear market.
For me it is not a problem, although there are some investors who want to get profit now but the blockchain development is still running. This bull run will not stop until it reach higher level, I am sure about it. I want to convert all token that I have to bitcoin in order to take a little part of the increasing of bitcoin price, I just want to find the correct time to do it.
Well there is no correct time since the market is highly volatile no one can tell when is the right time as you can see in the past few days the entire cryptocurrency market have been on a steady bull run which is an indication that we may see more bull movement in time to come. But the market today is not at it best stage. 
For me it is not a problem, although there are some investors who want to get profit now but the blockchain development is still running. This bull run will not stop until it reach higher level, I am sure about it. I want to convert all token that I have to bitcoin in order to take a little part of the increasing of bitcoin price, I just want to find the correct time to do it.
Bitcoin down... Red Spreading... Wildfire...
Good - Good - Good.
I don't have enough Bitcoin to be filthy rich if it rises, and I'm not a bum enough to be destitute if it crashes.
All looks good in the hood to me. I'm not ready for a pump.
Actually, I was anticipating a longer bear market. It's easier to accumulate when prices are lower.
Good - Good - Good.
I don't have enough Bitcoin to be filthy rich if it rises, and I'm not a bum enough to be destitute if it crashes.
All looks good in the hood to me. I'm not ready for a pump.
Actually, I was anticipating a longer bear market. It's easier to accumulate when prices are lower.
after touching $ 8K now it fell to $ 7K, I did not monitor exactly when it happened, but when I saw the last price I was really shocked. I have been very optimistic about the price over the past few weeks that have surged on BTC and alt. but now almost all coins burned down. I am sure this just for a moment, then I will bounce back.
We are expecting too much out of bitcoin which makes us feel disappointed with the sudden changes. We should all know that Bitcoin is volatile and we're not in control of it. We should know how to deal with the ups and downs of the market. It could crash or increase depending on the supply and demand of the market.
We all are in control of the price of Bitcoin, the price chart is proof of it. Also, as I said on the other thread, Bitcoin is volatile and we are all aware of it. Other investors sold some of their BTCs and corrections are been made. I don't really make anything out of the sudden changes, Bitcoin is volatile, we should all be aware of the possible price of BTC in the near future.
I wonder why some people are complaining over the simple crash when they have already experienced the bottom before.
This value is already a good price compared to a year of facing the bear market last year. It's something that we should be grateful for instead of panicking
This value is already a good price compared to a year of facing the bear market last year. It's something that we should be grateful for instead of panicking
We are expecting too much out of bitcoin which makes us feel disappointed with the sudden changes. We should all know that Bitcoin is volatile and we're not in control of it. We should know how to deal with the ups and downs of the market. It could crash or increase depending on the supply and demand of the market.
Hey, no one was complaining when Bitcoin jumped 10% multiple times in a row, right? Eight weeks in a row, upending the most optimistic estimations, and no one was lifting any eyebrows.
Wildfire? Compared to today, that was nothing. But anyway, enjoy these prices gentlemen. Once Bitcoin goes 10k, whether it's this year or next, you'll miss these times. I know I will.
I agree. When BTC surges in value, people ask whether $10K is next or $100K or maybe even a million. When BTC falls in value, people go crazy and think that the crypto market is dead or the bear market is here etc.Wildfire? Compared to today, that was nothing. But anyway, enjoy these prices gentlemen. Once Bitcoin goes 10k, whether it's this year or next, you'll miss these times. I know I will.
This is basically a way of life owing to the extreme volatility of this market and I have gotten used to these things with time.
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