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Topic: what do you think about the few days deep - page 5. (Read 1051 times)

legendary
Activity: 2422
Merit: 1232
Leading Crypto Sports Betting & Casino Platform
The pumps and dumps happening within the market is the natural scenario and nothing exactly unusual to be scared about specially for the newbies. It has been months since Bitcoin have rise up from last years attainment of new recorded ATH so the dump happening might be a counterpart of it to just remain the balance within the market. Do not get afraid and panic into sudden dump for this is not the first time it happens. Just be observant on the market movement and surely you can be able to further understand what is happening so that your worries in mind will be at ease.
member
Activity: 537
Merit: 10
February 28, 2021, 11:24:50 AM
#67
Notwithstanding, rather than seeing the red conditions going on, I better not visit the market for some time. since it will influence me intellectually. Somebody's feelings will be upset in the event that they see the numbers that continue to get red and the cost of the coins diminishes, on the off chance that we simply center around that, we may be devoured by the frenzy of the issue.
member
Activity: 555
Merit: 10
February 28, 2021, 11:09:50 AM
#66
We have to wait a long time to invest in crypto if the crypto market is not stable it will continue to rise and fall. Don't be discouraged you have to wait until the price of altcoin rises if the market grows later, you can reduce the loss by investing analyzing the market it is understood that the market is going to improve a lot traders are investing to keep the currencies down the market is likely to rise in march wait until the market rises.

Actually no time is wrong to invest, I think we can invest in down trend or up trend depending on how and how you wish to make investment.
hero member
Activity: 1946
Merit: 540
Leading Crypto Sports Betting & Casino Platform
February 28, 2021, 07:20:54 AM
#65
If you manage to analyze the situation and see some open chances to grab a good  position for your trade.

You need to take a  closer  look in order to assume what will be the next target goal, anticipating will be your key to generate good
profits, this market is a wide  open place to each traders who are chasing for decent benefits.
No matter how much you anticipate and analyze but the crypto market is astonishingly unpredictable and most of us profited with the bull run and hence I called it astonishing instead of weirdly unpredictable. The best thing I can imagine doing in such times is avoid trading alts and just stick with BTC. One thing to remember is that the acceptance in the market has increased, true, but for BTC and not altcoins.

These a couple days I saw the movement in the market were almost altcoins are really performing so good and almost majority of them so far are in green stage of level. Glad that I made a good choice to trade some of the alts and gave me a nice profit at the moment.
The movement recent even made me loss a couple of bucks on the Tron I was holding but not too much and I already gained some when there was a small bull run going on with Tron. Yeah the market should grow for the remainder of the year specially as the Chinese year is over maybe that caused the prices to go down a bit.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
February 28, 2021, 04:21:20 AM
#64
Usually bitcoin price movement will be pumped at saturday and sunday when institutional investor is on holiday. I've been seen it for several months back and seem like it still happen until now because the daily candle will be formed as a green candle which is indicated that the selling pressure will end.

And I just predicting, if the current price can stand and passed $50.000 barrier then its price move up again although the weekly candle will be formed as a red candle.  But, if the price fail to reach $50.000 and still at the current price and below then I'll predict that the next price that can be reached is $40.000, that is the next strong support.
Good analysis.

With all of those years that I've been holding and trading, I haven't observed that much but I've noticed the sudden movement and unpredictable movement during weekends.

It's always that there's something about to happen every weekends.
legendary
Activity: 2884
Merit: 1117
Leading Crypto Sports Betting & Casino Platform
February 28, 2021, 04:04:12 AM
#63
More recently, we have witnessed a rise in the price of many altcoins and a parabolic rise in the price of bitcoin. 

Could this go on forever?  Of course not! 

The price of cryptocurrency assets rises cyclically.  Investors who have benefited well from recent gains want to lock in their profits.  Many people and companies are interested in Bitcoin.  However, they don't want to buy it and altcoins at a very high price. 

As a result of the price correction, they will have a desire to buy cryptocurrency, and this cycle will repeat.
That is the thing about this period that people do not realize and they do not think about the future enough. Bitcoin and altcoins could drop a lot, or maybe it will not drop who knows but even if it drops that is not a problem. You know why? Because the reality is that they could drop but just because it drops doesn't mean that it will keep dropping more and more and more, it means that eventually it will increase a lot and when it increases a lot you will be upset that you are not in it. So, what do I do?

I end up buying as much as I can afford, and up until it keeps going up, I will end up buying more and more, the more money I get the more money I end up spending on crypto, I have a decent portfolio right now and thanks to the huge increase recently I am still profit and even if it drops to level where I am not in profit anymore I will not be stopping.
hero member
Activity: 2716
Merit: 904
February 27, 2021, 06:36:40 PM
#62

And I just predicting, if the current price can stand and passed $50.000 barrier then its price move up again although the weekly candle will be formed as a red candle.  But, if the price fail to reach $50.000 and still at the current price and below then I'll predict that the next price that can be reached is $40.000, that is the next strong support.
$40k price is still in a good position, it could give an opportunity for the investors to buy more because I feel that it surging back again after this short price correction and heading back to $60k. Maybe I was just too optimistic but the support level is still high to consider a huge bounce-back after this dump.

What we now, is not really a thing to cause panic, do panic selling, but this is a thing to prepare for buying more. I see no intense but positive vibes that we are able to see another ATH in the next few days.
full member
Activity: 1330
Merit: 147
February 27, 2021, 05:24:29 PM
#61
Usually bitcoin price movement will be pumped at saturday and sunday when institutional investor is on holiday. I've been seen it for several months back and seem like it still happen until now because the daily candle will be formed as a green candle which is indicated that the selling pressure will end.

And I just predicting, if the current price can stand and passed $50.000 barrier then its price move up again although the weekly candle will be formed as a red candle.  But, if the price fail to reach $50.000 and still at the current price and below then I'll predict that the next price that can be reached is $40.000, that is the next strong support.
member
Activity: 1155
Merit: 77
February 27, 2021, 04:54:55 PM
#60
I noticed the recent deep generally affected most of the ALT coin within 48 hrs turning Red. i bought EOS at $5.2 but i was panic to sell reason because most of my assets was greatly at loose and i couldn't bear the pain so i have to sell off most them to be able to secure them, not too long the market changes direction again and already i have lost most of my investment.

Do we expect another deep soon?
what is your intake, please be free to drop your comments.
One this is for sure after a pump there will be a dip. Not all the times those coins will just pump and if it happens that the coin you bought dipped you don't need to sell it for a loss because it will eventually grow back or even more. You should learn to control your emotion in this kind of market because it does not work on our side. If you saw your portfolio in bloodbath then just hold it. That is why it is necessary for us to have TP or at least set a Stop loss. Besides, I think this correction is healthy for the market because this creates an opportunity for everyone to procure more and push it to set a new ATH.
You are right about not selling at the lost price but it also depends on the coin in particular and in the season we're where the market can suddenly leap to any trend, invest in centralizing and a high manipulated coin is never a good thing and I dont him selling his EOS cause the coin is among highly manipulated coin. However, it invests the amount one can afford to lose is the best investment decision whenever the market is full of doubt.
sr. member
Activity: 1526
Merit: 332
★Bitvest.io★ Play Plinko or Invest!
February 27, 2021, 11:09:30 AM
#59
I noticed the recent deep generally affected most of the ALT coin within 48 hrs turning Red. i bought EOS at $5.2 but i was panic to sell reason because most of my assets was greatly at loose and i couldn't bear the pain so i have to sell off most them to be able to secure them, not too long the market changes direction again and already i have lost most of my investment.

Do we expect another deep soon?
what is your intake, please be free to drop your comments.
One this is for sure after a pump there will be a dip. Not all the times those coins will just pump and if it happens that the coin you bought dipped you don't need to sell it for a loss because it will eventually grow back or even more. You should learn to control your emotion in this kind of market because it does not work on our side. If you saw your portfolio in bloodbath then just hold it. That is why it is necessary for us to have TP or at least set a Stop loss. Besides, I think this correction is healthy for the market because this creates an opportunity for everyone to procure more and push it to set a new ATH.
newbie
Activity: 10
Merit: 1
February 27, 2021, 09:53:40 AM
#58

The dip was real. Like the ones who waited for this dip I too was looking for this opportunity, the only difference is that I have not bought some BTC nor tokens because I thought it will continue to dip for the whole week.  One chance to buy the dip of ADA for as low as $0.80, that's how low it went yesterday.

What I think of it is that the good traders got the easy money well compare to the ones who overly analyze the dip.


In terms of technical analysis, looking at BTC in weekly time frame is show that the strong bullish move from 1st Feb. to 22nd Feb. 2021 that pushes the price from $32K to above  $58k created an imbalance. As for me I expected the dip down to $42k within this week and the coming week to fill the imbalance created between $32k and $58.  Which might determine a strong move again.

I'm anticipating more dip as correction in price, so this dip is an opportunity for the ones looking for it to buy.
hero member
Activity: 1218
Merit: 513
February 27, 2021, 08:32:37 AM
#57

I find it healthy because this little correction allows us to re-arrange and fill up our portfolios better. In my case, I added Venus because at $85 is was way overpriced, but at $50 is fine, considering the BSC DeFi hype.
member
Activity: 555
Merit: 10
February 27, 2021, 07:18:48 AM
#56
Do we expect another deep soon?
Do we have to make people think positive about dollar? No, similarly we don't have to push bitcoin now, at least in my opinion.


dollars has been there for a long time and people has so much believed even without spreading it, they already knows about the dollars.
In this point, we have to make good positive impact about the bitcoin, not only making good positive but to make them know that it has come to stay without and everyone should know about it.
member
Activity: 555
Merit: 10
February 27, 2021, 07:03:30 AM
#55


If you manage to analyze the situation and see some open chances to grab a good  position for your trade.

You need to take a  closer  look in order to assume what will be the next target goal, anticipating will be your key to generate good
profits, this market is a wide  open place to each traders who are chasing for decent benefits.

but most at times, we don't have to be so mean about the profits if you we have sets a trade and it execute during the prediction or analysis we should be glad and over looking for much profits that why most of us (traders) looses their funds in the process of making much quest.
legendary
Activity: 2338
Merit: 1775
February 27, 2021, 05:15:59 AM
#54
I noticed the recent deep generally affected most of the ALT coin within 48 hrs turning Red. i bought EOS at $5.2 but i was panic to sell reason because most of my assets was greatly at loose and i couldn't bear the pain so i have to sell off most them to be able to secure them, not too long the market changes direction again and already i have lost most of my investment.

Do we expect another deep soon?
what is your intake, please be free to drop your comments.

Yes, Bitcoin and Altcoin price correction is very likely to continue. 

More recently, we have witnessed a rise in the price of many altcoins and a parabolic rise in the price of bitcoin. 

Could this go on forever?  Of course not! 

The price of cryptocurrency assets rises cyclically.  Investors who have benefited well from recent gains want to lock in their profits.  Many people and companies are interested in Bitcoin.  However, they don't want to buy it and altcoins at a very high price. 

As a result of the price correction, they will have a desire to buy cryptocurrency, and this cycle will repeat.
hero member
Activity: 2856
Merit: 541
Leading Crypto Sports Betting & Casino Platform
February 27, 2021, 03:44:53 AM
#53
I noticed the recent deep generally affected most of the ALT coin within 48 hrs turning Red. i bought EOS at $5.2 but i was panic to sell reason because most of my assets was greatly at loose and i couldn't bear the pain so i have to sell off most them to be able to secure them, not too long the market changes direction again and already i have lost most of my investment.

Do we expect another deep soon?
what is your intake, please be free to drop your comments.

Another deep will come and we know about that. But we can prepare for that deep by having money from selling the coins at a high price, so we can buy back the coin when the deep comes. EOS is one of many altcoins that can be up and down in the future because the altcoins always follow bitcoin movements, although not all of the altcoins will follow bitcoin. You do not need to panic when the deep comes because that can attract you to fast selling and you can not think clearly about what is happening on the market.
full member
Activity: 1638
Merit: 122
February 27, 2021, 03:31:36 AM
#52
its dip not deep but deep defines a simillar thing  and that is to go down .
your story was touching . you are willing to hold but your emotions are too strong and you finally sell .
i hate panic sellers before but i think that if im on their situation i will realized that you cant do anything but follow whats your heart and mind is saying .
if your done selling your done and dont look back what happen after that but start another journey if you wanted to .
copper member
Activity: 2968
Merit: 574
www.Crypto.Games: Multiple coins, multiple games
February 27, 2021, 03:09:11 AM
#51
I noticed the recent deep generally affected most of the ALT coin within 48 hrs turning Red. i bought EOS at $5.2 but i was panic to sell reason because most of my assets was greatly at loose and i couldn't bear the pain so i have to sell off most them to be able to secure them, not too long the market changes direction again and already i have lost most of my investment.
This is very common in the crypto market. Once we see the price of bitcoin falling, the altcoins starts to go down even faster than you can imagine. Just look at the charts when you see a slight downtrend in the price of bitcoin. You will see that altcoins are raining red. This happens because people starts to panic like you. Another reason might be that people starts selling their altcoins so that they can take advantage fo the bitcoin price dip.
You should have known better. Never panic sell. When price drops, the number of coins you are holding is still the same. It's the price that has dropped, not your coins.

Do we expect another deep dip soon?
what is your intake, please be free to drop your comments.
Who knows. We might see further correction. Or maybe the price has already corrected itself.
hero member
Activity: 2254
Merit: 658
Revolutionized copy gaming platform
February 27, 2021, 02:55:30 AM
#50
For buyers who are waiting for the dip, it's a good feeling for them to see the market correct in order to buy at lower prices. Corrections like this are normal, as we always know that it would bounce back anytime just like the old days.
legendary
Activity: 2086
Merit: 1058
February 27, 2021, 02:04:30 AM
#49
Do we expect another deep soon?
No, I think the drop is enough. We need a big increase in most crypto prices to make all people think positive again about crypto future. If the drops continue till the next month, I doubt the market is getting worse and the price of Bitcoin drops more. This will lead to more severe decline in all crypto coins as a whole.
We don't have to make others believe in bitcoin because as we do it, we are trying to sell something to someone which we don't ourselves believe in. Are we interested and looking to invest in the market? If the answer is yes then only we should even try to convince others.

The market is so strong with the big investors diving in, that even if we don't spread positivity about bitcoins still there will be a decent old in the market. the mentality to promote bitcoins should change because the market is massive and maybe 5 years ago it was a good idea to make others believe in bitcoins and talk positive but that isn't the case anymore.

Do we have to make people think positive about dollar? No, similarly we don't have to push bitcoin now, at least in my opinion.
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