What could be the cause of the recent dip? - page 3.

Oasisman

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Quote from: Godwinpaul on May 18, 2021, 11:26:05 PM

It feels really bad going through my portfolio on blockfolio to see massive downward movement in the value of my holdings. I really don't know if this is the usual market correction we have periodically or the end of the bull run. Is it wise to keep holding or take what's left?

Market corrections doesn't have specific range to call it as "usual". Corrections are inevitable and that's a nature of a highly volatile market. Whether it's a short correction or sharp correction that's still called a correction, a sudden declination of price after the bullrun.
Now the question is, is it wiser to take what's left even If it means you're not profiting just to avoid further loss?
Of course not. As long as you're not holding the shitiest coin, I guess you're fine to hold it and wait till it pumps back again.
Market cycle goes up and down. Not all the time the price is on top.

batang_bitcoin

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Quote from: Godwinpaul on May 18, 2021, 11:26:05 PM

It feels really bad going through my portfolio on blockfolio to see massive downward movement in the value of my holdings. I really don't know if this is the usual market correction we have periodically or the end of the bull run. Is it wise to keep holding or take what's left?

Too many bad news that led many big whales to sell what they've got. And I'm sure that they've probably waiting for just another dip for them to get back. It's really bad if you're checking your portfolio from time to time. I think it's now time for you to uninstall the blockfolio app for the meantime and just focus with the accumulation. Reinstall it back when the market goes better but this time, you just have to endure what you're seeing or do something like buying the dip.

KimmyF

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Quote from: Godwinpaul on May 18, 2021, 11:26:05 PM

It feels really bad going through my portfolio on blockfolio to see massive downward movement in the value of my holdings. I really don't know if this is the usual market correction we have periodically or the end of the bull run. Is it wise to keep holding or take what's left?

I don't know how many people noticed, but I'm sure that you didn't notice. Cryptocurrency never followed any news, check the history of marketcap value. Always for any correction, we blame those news. After everything, the marketcap always increased. We blamed "Elon musk" for the price of 42k USD, now we have nothing to blame. So now we are asking each other to know the real reason, but I knew it and this bear trend could alive approximately 2 months.

NorvsGanda

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Quote from: Godwinpaul on May 18, 2021, 11:26:05 PM

It feels really bad going through my portfolio on blockfolio to see massive downward movement in the value of my holdings. I really don't know if this is the usual market correction we have periodically or the end of the bull run. Is it wise to keep holding or take what's left?

That is really bad for some people who don't TP when the market is on the pump but this market dip is good news for those traders/investors that already take their profit a few weeks ago. Because they already maximized the market on being bullish and they have enough funds to go shopping while the market is currently on sale. In other words, they sell on green and buy the red. The question is, on what side are you on right now?

Little Mouse

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That was the 1st wave.
Second time, JPMorgan said that people interests to invest in gold and skipping bitcoin are getting increased. According to CME futures contract, many have this open interest. After JPMorgan said this, market reacted heavily. BTC even got down to $30k.

Momoamzad

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$CYBERCASH METAVERSE

I think Elon musk rejection of bitcoin impacts on market . Bitcoin is down a big % .and it affects on other crypto currencies . Another reason may be t China again reject bitcoin . Both along make down whole market.

Ozero

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Quote from: husdemba on May 19, 2021, 11:52:55 AM

After an incredibly big and rapid decline, the markets are currently recovering. Hopefully this was a correction. I think we watched a final shake before Bitcoin's hike to $ 70000. I wish cryptocurrencies will be stronger than before.

The reason for the current deep fall in prices in this market is its prolonged preliminary growth. After such a high growth, a fall is inevitable. And here it is no longer very important what was the last straw for this. If it were not for the statement by Elon Musk about bitcoin, for which he is now so strongly criticized, there would have been other similar events and prices would have collapsed all the same. The cryptocurrency market develops cyclically, and current events are proving it once again. Therefore, today's price drop should be treated as normal, logical and natural events.

Bitbtc8

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Same thing happened in last bull season where china put ban on crypto and the market start crashing but still even if there is no ban the market will still crash, people needs to understand that rise and fall is why crypto survives

speedforce

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This flash crash and recovery is the first thing which came to crypto. Its hit my stop loss then bounce back as fast as my eyes blink.
I cant think any plan when its happen, sadly i will hold my last bag in spot and will open it later. Hope the price come back faster so i can recover my lost.

ecnalubma

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Probably another fud that brought all the markets down. Billionaire’s make things happen and this is what they do, if you sell you will lose but if not then rip the harvest in the future. They keep using old fud’s to bring the market down, same old trick yet still effective.

apa don

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Quote from: v3liana on May 19, 2021, 09:52:35 AM

Ya it's hurt for me too. I just returned into this crypto world and now all of my investment are down more than 50%, but i don't sell any single coins. I still believe the price will bounce back to the moon.

Now there is some bad news for cryptocurrency and on average it has to do with China, so the downturn in the cryptocurrency market is happening in huge numbers now, so the solution is to be patient and wait for the fix to arrive.

ipanks

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Quote from: Godwinpaul on May 18, 2021, 11:26:05 PM

It feels really bad going through my portfolio on blockfolio to see massive downward movement in the value of my holdings. I really don't know if this is the usual market correction we have periodically or the end of the bull run. Is it wise to keep holding or take what's left?

You are not alone, as all people who invest in crypto will have the same thing as you. It is a big correction in the crypto market and it is always like that. But this time, the correction is too deep and makes many people panic, and I think they sell some of their coins to buy back at a low price. I still keep holding my coins but I also try to buy back at a low price. So you can do the same as me if you want.

husdemba

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After an incredibly big and rapid decline, the markets are currently recovering. Hopefully this was a correction. I think we watched a final shake before Bitcoin's hike to $ 70000. I wish cryptocurrencies will be stronger than before.

Kez1817

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Quote from: Godwinpaul on May 18, 2021, 11:26:05 PM

It feels really bad going through my portfolio on blockfolio to see massive downward movement in the value of my holdings. I really don't know if this is the usual market correction we have periodically or the end of the bull run. Is it wise to keep holding or take what's left?

You're not alone mate. But this time that the market is not good, much better to keep some profit and convert it into an stable USD or simply convert to fiat money then buy at the dip. But if you are a risk taker person, you can still hold your assets and wait the time it will bounce back. After this bad news about china, I believe people will still invest in bitcoin and other digital currency and nobody can stop.

Ararbermas

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Quote from: Godwinpaul on May 18, 2021, 11:26:05 PM

It feels really bad going through my portfolio on blockfolio to see massive downward movement in the value of my holdings. I really don't know if this is the usual market correction we have periodically or the end of the bull run. Is it wise to keep holding or take what's left?

just keep hodling mate no matter what happen yes the situation is getting worse after the bull run in the market but this is just a temporary situation and soon once the market gain enough strength it will be fine again, as the matter of fact recently some of projects in the market shown green so perhaps this isn't the end.
Indeed in my personal opinion if you're a long term holder this is nothing because you know what will happen to the market even there are some factors that sometimes can cause changes, wherein the fact that it always recover is enough especially if you're in a good project..

makishart

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Quote from: Godwinpaul on May 18, 2021, 11:26:05 PM

It feels really bad going through my portfolio on blockfolio to see massive downward movement in the value of my holdings. I really don't know if this is the usual market correction we have periodically or the end of the bull run. Is it wise to keep holding or take what's left?

I think that you are a new comer that never seen the big dump like this before but as an old player and i can suggest you to take a look at the all time chart of bitcoin.
The dump like this ever happened in 2018 and 2020. This is not something news in crypto when china was issuing very bad news for bitcoin.
This is not a usual market correction and this is a bit different than it dude.

v3liana

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Ya it's hurt for me too. I just returned into this crypto world and now all of my investment are down more than 50%, but i don't sell any single coins. I still believe the price will bounce back to the moon.

shinratensei_

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Quote from: _IRMAN on May 19, 2021, 07:39:26 AM

China again bans crypto https://www.reuters.com/article/idUSL2N2N510T
News of a country banning crypto, has a very bad impact on the price of BTC and other Altcoins. Moreover, China has quite a lot of crypto users.

it's not only banning crypto but the fact that if china was also restricting all of the payment and financial institutions to deal or offer the crypto service.
That means if crypto must be adopted by countries other than china to make china open its gate to the crypto again.
This shit is happening so many times. I just wanna know when china will be feeling tired to ban ban and ban crypto again. This will never end if this country still exists.

Orange89

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According to me there are two major reason for downfall of the market

First china being so many active user had announced to ban the uses of crypto which really impact all the coins and the market

Second big reason is none other but due to Elon Musk tweet that tesla doesn't accept the usage of Bitcoin due to these tweet market sickly suddenly shown a huge dip

But still i am holding all the altcoin and meme coin

yazher

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Quote from: Godwinpaul on May 18, 2021, 11:26:05 PM

It feels really bad going through my portfolio on blockfolio to see massive downward movement in the value of my holdings. I really don't know if this is the usual market correction we have periodically or the end of the bull run. Is it wise to keep holding or take what's left?

This is kind of normal in the industry of crypto were when the price is not going well, it will take for the crypto market some days to resolve it or some months. depends on when they will buy back again some coins simultaneously. they will be back again and that is for sure but the only problem is not all of the altcoins will recover, for some of them will remain their current fallen value for a long time and in some worst cases, they won't recover again.

Topic: What could be the cause of the recent dip? - page 3. (Read 631 times)