Share Your Thoughts on the Recent Crypto Price Drop

Wind_FURY

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Quote from: Lakai01 on February 23, 2024, 07:04:55 AM

Quote from: Wind_FURY on February 23, 2024, 06:52:14 AM

Annualised Return will probably increase after the next bull cycle is recorded. The Federal Reserve will pivot and turn on the money printer, then we'll experience a great surge like the surge of 2015 to 2017.

If this happens, the price increase of BTC is only due to the fact that the dollar has become less valuable and not because the price of BTC is rising. So you could buy just as much BTC as before, it would just be nominally "worth" more. I would much prefer a significant price increase while the money supply remains the same, only then would there be an actual increase.

Yes and no, because the one can't exist without the other. Plus what's causing the Dollar becoming less valuable is because they're printing more of it, which causes inflation and causes prices of goods and services to increase, including Bitcoin. In such a world, don't you think that Bitcoin's rising price is representive of its value? It is in my opinion.

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But I completely agree with you about the ETF surge: I don't see it as priced in yet either. Mainly because the major ETF providers are still going crazy with their BTC holdings.

It's mainly because the money printer is off. Turn it on, and give the major asset managers access to the newly printed money. Cool

It will be a Golden Opportunity for Bitcoin HODLers.

Oneandpure

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I think is normal thoughts on the recent cryptocurrency or bitcoin price drop, have been several time and trader or investor got much experienced facing bitcoin and altcoin price dropping drastically but its not longer time needed for recovering return back to the higher price.
To anticipate the price of bitcoin or altcoin dropping drastically when trading, always set aside around 30% to 50% of reserve funds to be used for buy backs when the price actually drops drastically.
Its very important with reserve fund in trading and don't all out for investing in the same price in bitcoin or altcoin, make difference price gap more than 10% or hold your fund waiting for market get large correction.

el kaka22

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There has been yet again a small drop, which is fine and not a big deal at all. We should consider that as normal and shouldn't really have a problem at all. I believe that the best thing to do at this moment would be focusing on what we could do, and that should be the priority in the end. I get that we are not going to end up with anything that will go down even more, not like some bear run is about to start right on the verge of this situation, but that also doesn't mean that we are going to stop, it's just not the same.

I believe that we are going to go back up again, just not right now and we need to make sure that we could give it some break, we may end up doing as well as we could hope for and should be fine eventually.

Lakai01

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Quote from: Wind_FURY on February 23, 2024, 06:52:14 AM

Annualised Return will probably increase after the next bull cycle is recorded. The Federal Reserve will pivot and turn on the money printer, then we'll experience a great surge like the surge of 2015 to 2017.

If this happens, the price increase of BTC is only due to the fact that the dollar has become less valuable and not because the price of BTC is rising. So you could buy just as much BTC as before, it would just be nominally "worth" more. I would much prefer a significant price increase while the money supply remains the same, only then would there be an actual increase.

But I completely agree with you about the ETF surge: I don't see it as priced in yet either. Mainly because the major ETF providers are still going crazy with their BTC holdings.

Wind_FURY

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Quote from: Catenaccio on February 21, 2024, 09:15:56 PM

Quote from: lalabotax on February 21, 2024, 04:46:52 PM

Once again, it's just a matter of Bitcoin fluctuation. Because the price of Bitcoin cannot be stable and continues to rise. So there will indeed be a stage where prices rise and fall, either slowly or drastically. And if we look even now, the price of Bitcoin is about to experience a correction even though it has reached $52,800, almost reaching $53k. And currently, the price has dropped quite a bit to $51,330. And here we just have to see whether the price will reach a certain support point or not. Well, just wait. Or do we actually have the opportunity to accumulate Bitcoin at a lower price, right?

Bitcoin can be more volatile than other assets but it's right to say there is no asset can rise forever.

That's true, but it's probably not true for Bitcoin yet, and it will not be true for more cycles. The ETF surge hasn't truly started in my opinion, PLUS Jerome Powell's pivot.

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Price must be risen and corrected with time and if there are corrections during a bull run, they are normal and healthy corrections. If we look at the price chart daily or weekly, monthly, we can see very high volatility. If we look at yearly price chart, we will see less volatility and in contrast, we might see great chance for investment and get profit.

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For those considering Bitcoin. Remember to hold for 4 years. It's never returned below 30% annualised for a 4 year investment, no matter how badly timed...

BTC: 30-60%, 75% drawdowns
SP500: 10%, 35% drawdowns
Real Estate: 10%, 30%+ drawdowns
VC Funds: 15%-27%, 10 year lock up

https://twitter.com/woonomic/status/1760460705877352815
https://cryptorank.io/price/bitcoin
https://charts.bitbo.io/yearly-candles/

Annualised Return will probably increase after the next bull cycle is recorded. The Federal Reserve will pivot and turn on the money printer, then we'll experience a great surge like the surge of 2015 to 2017.

Catenaccio

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Quote from: lalabotax on February 21, 2024, 04:46:52 PM

Once again, it's just a matter of Bitcoin fluctuation. Because the price of Bitcoin cannot be stable and continues to rise. So there will indeed be a stage where prices rise and fall, either slowly or drastically. And if we look even now, the price of Bitcoin is about to experience a correction even though it has reached $52,800, almost reaching $53k. And currently, the price has dropped quite a bit to $51,330. And here we just have to see whether the price will reach a certain support point or not. Well, just wait. Or do we actually have the opportunity to accumulate Bitcoin at a lower price, right?

Bitcoin can be more volatile than other assets but it's right to say there is no asset can rise forever.

Price must be risen and corrected with time and if there are corrections during a bull run, they are normal and healthy corrections. If we look at the price chart daily or weekly, monthly, we can see very high volatility. If we look at yearly price chart, we will see less volatility and in contrast, we might see great chance for investment and get profit.

Quote

For those considering Bitcoin. Remember to hold for 4 years. It's never returned below 30% annualised for a 4 year investment, no matter how badly timed...

BTC: 30-60%, 75% drawdowns
SP500: 10%, 35% drawdowns
Real Estate: 10%, 30%+ drawdowns
VC Funds: 15%-27%, 10 year lock up

https://twitter.com/woonomic/status/1760460705877352815
https://cryptorank.io/price/bitcoin
https://charts.bitbo.io/yearly-candles/

lalabotax

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BK8 - Most Trusted Gambling Platform

Once again, it's just a matter of Bitcoin fluctuation. Because the price of Bitcoin cannot be stable and continues to rise. So there will indeed be a stage where prices rise and fall, either slowly or drastically. And if we look even now, the price of Bitcoin is about to experience a correction even though it has reached $52,800, almost reaching $53k. And currently, the price has dropped quite a bit to $51,330. And here we just have to see whether the price will reach a certain support point or not. Well, just wait. Or do we actually have the opportunity to accumulate Bitcoin at a lower price, right?

batang_bitcoin

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Quote from: husencoe on February 17, 2024, 05:20:46 AM

For beginners, don't be panic. This may be your first time and you will experience it again and again. My advice, stick to your analysis and pay attention to the trend. If you stick to your analysis, you don't need to worry at all.

Always get to know the latest news because that's how you're going to take advantage of it. When there are some bad news regards to the market, you'd see if they have already affected the market or specifically, the coin that you're holding. So, with these drops that we have, there's a reason for it and that's what you need to know about them. Just like what we're experiencing now, look at the reason through searching it what might be the cause of this sudden dump.

bettercrypto

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Quote from: R100K-Martin-Lunger on January 26, 2024, 10:00:54 AM

During the last week the crypto world has been quite a ride with the price slump we've experienced. With Bitcoin and altcoins taking a notable dip on the 23rd, I'm curious to hear how everyone is coping and how it affected your investments and what your strategies are moving forward considering the upcoming halving.

For the veterans, is this just another cycle, or does it feel different this time? And for the newcomers, how are you handling your first major dip?

Also, how do you think this slump will affect the growth of Bitcoin and altcoins in 2024? Are you adjusting your strategies, or holding firm to your original plans?

What I'm doing is simple; only a few of the indicators are often used to be honest, and some of those are the SMA. Trendline is enough for me to identify the price and where it will go. Besides that, I don't know what caused it to fall in the market.

Because as long as we know what trend our current trading activity is doing, that is enough as long as we know and can keep up with the trend that it has in the actual trade in the market so that we can get profit from it.

Lanatsa

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Quote from: tygeade on February 19, 2024, 11:35:03 PM

Quote from: justdimin on February 19, 2024, 08:09:31 AM

I wonder why people don't understand that the market would feel dead if there is no volatility at all. All these ups and downs are the reason why the market is alive and what's the fun if all the assets become stable? Because, if one thinks that they should just keep going up, that isn't possible, what goes up has to come down as they say, and opportunities are only created when the market goes down which is when you can make the purchases and then get ready for a pump.

It won't be fun if the market or any cryptocurrency becomes completely stable, we have seen this happening in about 5 to 6 months last year and the whole market got bored of it and everyone was expecting at least some movement whether up or down.

That is exactly true!! It is so true and yet people do not see that, I am really sick and tired of people trying to guess what we could do with bitcoin to make it more stable and I see that like a stupid idea. Why would we want to make it stable? There is no benefit of it being stable at all, we should try to make it as volatile as possible. Doesn't mean that it has to move 10%+ every single day, but keep it as volatile as it is right now.

Most days it doesn't move much at all, and in some rare days, like maybe 290 days in the whole year, it has 10%+ moves, in either direction. That is what makes bitcoin the greatest investment ever. Then of course there are bull periods, in which the price just skyrockets like nothing else.

It wont be called a speculative market if people on the community wont really be making out those tons of speculations that circles around on which i could say that it would really be just that normal.
When it comes to price drops and pumps then this is something that speculative and there's no way on knowing on where it would be heading. This is why it wont really be that shocking that people
would really be keeping on making those guesses and since this market is random and volatile and unpredictable then it would be just that normal that those kind of movements
could happen without us knowing or expecting or anticipating.

Expect the unexpected because this is how this market works and this is why you should really be wise on every thing that you are dealing with.
Recent crypto price drop? Its an ordinary day here on crypto on which it could neither have that fundamental reason or none.

Wind_FURY

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Quote from: Julien_Olynpic on February 20, 2024, 09:33:00 PM

At first, I didn’t even understand what kind of decline in the price of bitcoin we were talking about. The price of bitcoin fell in mid-January from 48,000 to approximately 38,000 dollars. I wouldn't say that this is some kind of dramatic fall. This was a normal short-term correction to remove the stop losses of people who were holding long positions. This happens when extreme greed enters the market. By the way. Now. According to research by Santiment, greed has returned to the market. There is also a surge in discussions about Bitcoin, which is usually a marker of a local high. In addition, we see that the adoption of ETFs is a win-back news, it is already in price. But I don’t yet see fuel for the next growth cycle. Halving will bring volatility, let's see what happens.

But what "kind of volatility" would the halving bring? The kind that brings panic because the community is expecting a crash, or the sort of volatility that brings more excitment because everyone is expecting a surge, and probably a surge to a new ALL TIME HIGH. Cool

Embrace and welcome all of the DIPs, the bigger the DIP = the more Golden the Opportunity, especially for those people who are still starting their Bitcoin investment journey. These DIPs will not be noticed in a chart of Bitcoin priced at six digits just like how we forgot about the DIPs we have experienced during Bitcoin at four digits. HODL!

Julien_Olynpic

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At first, I didn’t even understand what kind of decline in the price of bitcoin we were talking about. The price of bitcoin fell in mid-January from 48,000 to approximately 38,000 dollars. I wouldn't say that this is some kind of dramatic fall. This was a normal short-term correction to remove the stop losses of people who were holding long positions. This happens when extreme greed enters the market. By the way. Now. According to research by Santiment, greed has returned to the market. There is also a surge in discussions about Bitcoin, which is usually a marker of a local high. In addition, we see that the adoption of ETFs is a win-back news, it is already in price. But I don’t yet see fuel for the next growth cycle. Halving will bring volatility, let's see what happens.

tygeade

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Quote from: justdimin on February 19, 2024, 08:09:31 AM

I wonder why people don't understand that the market would feel dead if there is no volatility at all. All these ups and downs are the reason why the market is alive and what's the fun if all the assets become stable? Because, if one thinks that they should just keep going up, that isn't possible, what goes up has to come down as they say, and opportunities are only created when the market goes down which is when you can make the purchases and then get ready for a pump.

It won't be fun if the market or any cryptocurrency becomes completely stable, we have seen this happening in about 5 to 6 months last year and the whole market got bored of it and everyone was expecting at least some movement whether up or down.

That is exactly true!! It is so true and yet people do not see that, I am really sick and tired of people trying to guess what we could do with bitcoin to make it more stable and I see that like a stupid idea. Why would we want to make it stable? There is no benefit of it being stable at all, we should try to make it as volatile as possible. Doesn't mean that it has to move 10%+ every single day, but keep it as volatile as it is right now.

Most days it doesn't move much at all, and in some rare days, like maybe 290 days in the whole year, it has 10%+ moves, in either direction. That is what makes bitcoin the greatest investment ever. Then of course there are bull periods, in which the price just skyrockets like nothing else.

justdimin

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Quote from: husencoe on February 17, 2024, 05:20:46 AM

The fluctuations in Bitcoin are so crazy, they can cause a heart attack. Price changes are normal in crypto trading. You have to take a breath and shake off the panic, and return to your analysis.

I think this is just a small price correction and does not affect the price trend. You have to do analysis at several different times to determine whether this is a major or minor trend. In my view, this is just a minor trend so it won't have a big impact. Meanwhile, market conditions are currently good, especially with the ETF news, of course the price of bitcoin will have a big chance to rising.

I wonder why people don't understand that the market would feel dead if there is no volatility at all. All these ups and downs are the reason why the market is alive and what's the fun if all the assets become stable? Because, if one thinks that they should just keep going up, that isn't possible, what goes up has to come down as they say, and opportunities are only created when the market goes down which is when you can make the purchases and then get ready for a pump.

It won't be fun if the market or any cryptocurrency becomes completely stable, we have seen this happening in about 5 to 6 months last year and the whole market got bored of it and everyone was expecting at least some movement whether up or down.

husencoe

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The fluctuations in Bitcoin are so crazy, they can cause a heart attack. Price changes are normal in crypto trading. You have to take a breath and shake off the panic, and return to your analysis.

I think this is just a small price correction and does not affect the price trend. You have to do analysis at several different times to determine whether this is a major or minor trend. In my view, this is just a minor trend so it won't have a big impact. Meanwhile, market conditions are currently good, especially with the ETF news, of course the price of bitcoin will have a big chance to rising.

For beginners, don't be panic. This may be your first time and you will experience it again and again. My advice, stick to your analysis and pay attention to the trend. If you stick to your analysis, you don't need to worry at all.

lixer

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Quote from: synchronym on January 27, 2024, 09:28:37 PM

There is nothing to worry or despair about the fact that the Bitcoin market will basically fluctuate because when the Bitcoin market goes down, we can definitely buy Bitcoins. Many of us who want to buy bitcoins may not be able to buy bitcoins due to the high price of bitcoins. Now there are many opportunities for them, especially when bitcoins go down, we can buy bitcoins if we want. So that we can benefit in future. It is expected that the Bitcoin market will accelerate in 2024.

Fluctuations are Bitcoins nature. So indeed, this isn't something that we should worry about but it is when BTC stays on one direction only (preferably when going down continuously) because when it's only going up, we still can be happy selling our bags for a massive profit. Although some of us can still buy when the price is dumping but the majority will panic for sure and start selling thinking BTC is now dying. If the price of BTC is high, it's not a requirement to buy a 1 whole BTC but we can still be able to buy at smaller portions. Besides, waiting is boring and it may not happen especially nowadays that we are now approaching the halving event.

jaberwock

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Quote from: justdimin on January 31, 2024, 08:32:10 AM

ETF didn't get accepted, that's the problem. We seen ETF accepted fake news, but it wasn't accepted yet. There was a "hacking" that they so called, but in reality it is not really accepted and the tweet was a fake one and they removed it. That was of course not accepted by the public right away so the price went up al to ,and when it goes up a bit, the rest is done by the hype and the FOMO and the price goes up even more.

I believe that we are going to be fine eventually, we just need to let it be for a while. I know that life isn't fair and simple, but we just gotta do what we gotta do whenever we possibly could. This is why it gets to a point where price will go up, with or without ETF being a thing, all from people getting hyped for it.

That is the biggest problem that we have with crypto at the moment, the ETF talks are getting so scary that we are making moves based on the rumours of it, and that should be a very scary thing. I get that we may not get everything we want out of life, and sometimes things are not going to be easy, but waiting for ETF rumours to hit before you buy is not a smart idea.

You should be buying up right now and the result will be a good one, you just need time and you will be able to make that profit if you wait. I know that it feels scary considering many thing that the price will crash if it gets rejected so they are not buying it because of that and will buy if it gets accepted. However, it will not get rejected, postponed maybe, but not rejected, so you could buy right now.

crwth

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A strategy that works in both ways would be ideal. Holding when the market is going down, trading when the market is going up, and then, market making when going on side ways. It's really dependent on how you are handling it and if you could do it automatically why not? A strategy in Gunbot can be done with that. It's been great so far.

justdimin

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Quote from: LastKiss on January 29, 2024, 01:23:38 AM

Quote from: R100K-Martin-Lunger on January 26, 2024, 10:00:54 AM

During the last week the crypto world has been quite a ride with the price slump we've experienced. With Bitcoin and altcoins taking a notable dip on the 23rd, I'm curious to hear how everyone is coping and how it affected your investments and what your strategies are moving forward considering the upcoming halving.

For the veterans, is this just another cycle, or does it feel different this time? And for the newcomers, how are you handling your first major dip?

Also, how do you think this slump will affect the growth of Bitcoin and altcoins in 2024? Are you adjusting your strategies, or holding firm to your original plans?

It's only a healthy correction in my opinion we are already up 3x from the bottom price in this cycle. Since this is not my first major dip I feel like it's something normal happening, many people expected we're go above 50k$ when the ETF got accepted but in reality we had healthy corrections that don't get affected easily by those who post price analysis in the social media cause their prediction won't 100% accurate. Use your own strategy and don't be greedy

ETF didn't get accepted, that's the problem. We seen ETF accepted fake news, but it wasn't accepted yet. There was a "hacking" that they so called, but in reality it is not really accepted and the tweet was a fake one and they removed it. That was of course not accepted by the public right away so the price went up al to ,and when it goes up a bit, the rest is done by the hype and the FOMO and the price goes up even more.

I believe that we are going to be fine eventually, we just need to let it be for a while. I know that life isn't fair and simple, but we just gotta do what we gotta do whenever we possibly could. This is why it gets to a point where price will go up, with or without ETF being a thing, all from people getting hyped for it.

dunfida

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Quote from: gunhell16 on January 31, 2024, 02:54:59 AM

Quote from: Questat on January 30, 2024, 11:36:20 PM

Quote from: R100K-Martin-Lunger on January 26, 2024, 10:00:54 AM

During the last week the crypto world has been quite a ride with the price slump we've experienced. With Bitcoin and altcoins taking a notable dip on the 23rd, I'm curious to hear how everyone is coping and how it affected your investments and what your strategies are moving forward considering the upcoming halving.

For the veterans, is this just another cycle, or does it feel different this time? And for the newcomers, how are you handling your first major dip?

Also, how do you think this slump will affect the growth of Bitcoin and altcoins in 2024? Are you adjusting your strategies, or holding firm to your original plans?

Not all dumps or price corrections need to know the reason because it is pretty simple, the market has been driven by its volatile nature - it pumps and dumps all the time due to the changing demand and supply. Rumors and speculations are possibly rising but should have to keep everyone aware of it? We can't buy all of it but rather accept that the market goes in up-and-down directions no matter what.

Let us widen our understanding, the market is so volatile. That is why Holding is necessary in case there is a dump. And aside from that, every drop is an opportunity as well as the rise.

I agree with what you said; honestly, dude, it's not important to know the reason. If we look at the candlestick, we have been mostly bearish for a while, and in this case, our patience is being measured because of the volatility exhibited by crypto assets on exchanges currently.

This is the opportunity to be cautious in every decision we make in our holdings, whether they are short- or long-term. If you're confident enough to keep up with the market, go ahead, but if you're not, stay and ease up on waiting for the right opportunity.

Technicals or fundamentals arent solid things that you could rely on it 100% on which there's no way that we could really be able to assure on where the prices would really be going.
People around do really love always on seeing the price to shoot upwards without even realizing that corrections and price drops are really just that part of the movement on which we know that this is how market works
or behaves. It is really just that people cant really just that accept out whenever they do see a red candle. Instead on making some DCA then do rather freak out and making those cut losses
on which they are really just that shooting up into their own heads.

Instead on taking up the opportunity on accumulating more, they do rather do the opposite.They would really be just starting out to make out actions on the time that
they've been seeing the price is shooting up on which it is really just that totally opposite on what a certain individual should really be doing in the first place.
If you are someone whose really that being impulsive and dont have the idea on how this market works then you are really bound on such mistakes.

Topic: Share Your Thoughts on the Recent Crypto Price Drop (Read 493 times)