What goes up must come down - page 13.

blockman

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Quote from: BaeSuzy on April 20, 2021, 05:38:11 PM

For investors who have felt the DIP in the 2017-2018 period, this must have felt like dejavu.

Not yet the same as 2017-2018 because it's much more than the last dip that we've seen. The comparison is vague because we're still at a high comparison from that year of the bear market.

Quote from: BaeSuzy on April 20, 2021, 05:38:11 PM

But in my opinion it wouldn't happen again. It will be correction, of course but i don't think it gonna be same like 2017-2018 period, because at this current situation Crypto is already too BIG especially after COINBASE IPO.

Although it's a separate market from the Coinbase IPO the most recent news is that Brian sold a lot of his stocks for $291M.
(https://www.reuters.com/technology/coinbase-chief-executive-armstrong-sold-2918-million-shares-opening-day-2021-04-19/)

sulendra12

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Quote from: Gorosden on April 17, 2021, 09:53:52 AM

There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again,

Same, the PTSD hits me again. But, I've been getting so much profit these days just make sure to use this benefit and hype event to maximize your earnings. The worst case is that same thing would happen like in 2017 era but it's still going strong I would say.

BaeSuzy

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For investors who have felt the DIP in the 2017-2018 period, this must have felt like dejavu. But in my opinion it wouldn't happen again. It will be correction, of course but i don't think it gonna be same like 2017-2018 period, because at this current situation Crypto is already too BIG especially after COINBASE IPO.

Willitivity

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Why are you scared of only those people who bought bitcoin at $4,000?, there are people who are in possession of thousands of bitcoins since 2009 and yet they haven't dumped it and you are scared of $4000 buyers, what goes up will surely come down/correct that's the philosophy of the market, price can't keep pushing upward forever there's bound to be bearish seasons or downtrend, even the $4000 people decide to Cashout then it's up to them if they want to sell their big for a mere $56000 when they can hold and sell at $100,000,its a matter if choice but don't think everyone is a weak hand like you.

el kaka22

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Not really? I mean sure it may come down for a short period of bursts, but bitcoin usually goes up all the time, gold has been doing that for thousands of years, have you checked the price of a gold bar in the past 2000 years?

It has increased constantly, it has been on the rise always, look at last 10 years, it has increased there too, look at 20 years to 10 years ago it has increased then as well, gold bar has been more and more valuable all the time in the long term, but it had days it went down. That is why I think what goes up doesn't have a need to come down, it may for a short period of time but it will not end up being anything for a long period of time. Hell look at bitcoin, it reached 20k, dropped to 3k, reached to 64k recently, which shows you, even though it goes down for a while, it will always go up in the long run for sure.

bitgolden

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Quote from: Gorosden on April 17, 2021, 09:53:52 AM

There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared

In most sense, you are making good point but we are in 2021 and the bitcoin investors are from all type of people from individuals to hedge funds and from almost all the countries which means even those buyers who bought around $4k levels may start booking profits but the other people who are all looking for dips to get in, definitely will make use of that.

So, somehow bitcoin market will continue its bull run for at least for short period of time which is expect to last until end of this year. When more people do speculate alike that will become as a trend in overall. I agree bitcoin market may come down at any time, but it may not right now.

Kabul

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Yeah, I agree with your points. Big companeis might withdraw their money already and those FOMOs on the media are just fake news, or weird companies who want to buy bitcoin at all cost

Damn. You guys should be careful. Even though the momentum is strong, nothing guarantee that the train will continue to stay on the track

sapnu

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Quote from: Gorosden on April 17, 2021, 09:53:52 AM

There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared

It was really like the year 2017 and 2018 era that we are living in today but it is quite different at some point since bitcoin was able to surpass much more than we expected right now and the occurence of its bull run is way longer compared to what it has experienced from the past. Surely, there are a lot of people who instantly became millionaires after holding their bitcoin even after witnessing it dump way back 2018. They held on their faith on bitcoin and look where they were able to go because of it. There are still possibilities that bitcoin and other crypto might dump once again but it would be best if we are going to prepare while we still can.

gurunanakji777

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I entirely agree with your words. Such dips give us a golden opportunity to buy some good coins at comparatively less value so that we will not say I wish If I bought this at this and that value so this market gives opportunity many times to invest. Those who make the right decision at the right time will make a good profit. We can not expect everyone will hold and the price will keep increasing at some point some will sell for sure and thus we will see a drop too.

ipanks

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Quote from: akgandalf on April 18, 2021, 12:29:00 PM

I think what goes up should go down. They tweeted an inaccurate tweet, and then within an hour or two the markets started to go down. For now, btc is trying to stay above 55,000 and some altcoins are intact. They are ready to rise at the first opportunity.

Yes, that is what will happen, especially in the market. When the market goes up today, sooner or later, the market will go down and we must prepare if the market will go down so we can be ready and know what we need to do. Bitcoin is still down at a low price, but I am sure the price will go up in the next few days. Bitcoin gives us a chance to buy back and hold it for a while and then we will have the time to sell bitcoin later. If you do not use this as your chance to buy bitcoin, you can do that and that is up to you.

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Quote from: Retainly_Collie on April 18, 2021, 05:48:14 AM

If everything is so easy, we will all become billionaires. So the market today is doing quite badly when there are so a good deal of bad news that directly affect the price and now many people are panicking and distrusting this market.

It's not that easy and as you mentioned if does then if not all it will the majorities that benefits from this market. Now that there are rumors that really hitting the market, Lots of panic holders are selling and trying to avoid losing more from their hold assets. It's expected as most of the time when the market are down there are lots of pressures.

Quote from: akgandalf on April 18, 2021, 12:29:00 PM

I think what goes up should go down. They tweeted an inaccurate tweet, and then within an hour or two the markets started to go down. For now, btc is trying to stay above 55,000 and some altcoins are intact. They are ready to rise at the first opportunity.

Bitcoin is trying to hold this barrier, those tweets really move those weak investors, they are now selling at their loss not realizing
that there are big whales who are playing with them, chances that the market will bounce back is still there, a matter of days or
week then we will see what's the direction to proceed.

akgandalf

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I think what goes up should go down. They tweeted an inaccurate tweet, and then within an hour or two the markets started to go down. For now, btc is trying to stay above 55,000 and some altcoins are intact. They are ready to rise at the first opportunity.

7788bitcoin

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Quote from: maydna on April 18, 2021, 09:30:25 AM

I never think too much about them who dump bitcoin price because that is not important to me. As long as I can still earn more fiat or bitcoin, I will keep that, and I don't want just to wait for the price to increase. Yes, they are now making a lot of money by selling bitcoin at a high price and making the price drop significantly, but I am sure that the price will be back to $64k.

If anyone invested in the market during this period then they will be in high alert as they do not want to hold the coins when there is a major correction and right now majority of the market had a decent correction after a long time and it is not a big surprise that people are booking their profit and taking the safe route.

Quote from: maydna on April 18, 2021, 09:30:25 AM

I only think that it is just a correction as usual, and coincidentally, the price drops deeper, which makes people afraid. We don't know if the drops are because of another factor out there that spreads about the negative of bitcoin or other things because I think more reasons can make bitcoin is dropping like today.

There are reports that there was a power outrage in China which caused the major correction.

FloridaKid

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It's true that no other past bullrun are like this year crypto bullrun, very profitable it as become for top popular crypto coins and tokens but it's not true when people believe that this bullrun will be up for ever, stop turning big whales and institutional investors into Messiahs that want the poor to be rich, they are here to get richer as well so blindly believing that bear season is a lie will get you rekt

lionheart78

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Quote from: Gorosden on April 17, 2021, 09:53:52 AM

There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared

True, those who bought at lower rates wanted to take profit but never omit the fact that new investors will come too and possibly others who missed on the train will buy too. Just because people are taking profit the price will crash, market doesn't work that way. As long as the demand outweighs the supply, the price won't crash but rather go higher.

maydna

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I never think too much about them who dump bitcoin price because that is not important to me. As long as I can still earn more fiat or bitcoin, I will keep that, and I don't want just to wait for the price to increase. Yes, they are now making a lot of money by selling bitcoin at a high price and making the price drop significantly, but I am sure that the price will be back to $64k.

I only think that it is just a correction as usual, and coincidentally, the price drops deeper, which makes people afraid. We don't know if the drops are because of another factor out there that spreads about the negative of bitcoin or other things because I think more reasons can make bitcoin is dropping like today.

Dewi Aries

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Quote from: Gorosden on April 17, 2021, 09:53:52 AM

There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared

Who buy in high price, ready or not must prepare for correction or maybe bear trend that can come anytime. That is why in crypto, especially if want to tell new person who want to involved in it, we must tell not only good point but risk behind it. So people not panic or not can analyze price by themself.

fullhdpixel

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Quote from: Gorosden on April 17, 2021, 09:53:52 AM

There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared

This is especially true on this crypto space. Even bitcoin is known for coming down up to 70% from its ATH on each cycle. Someone somewhere is bumping some coin not for the benefit of all the crypto people but for their own benefits hence it is completely meaningless if we are expecting them not to take profits at any time. Always holding our crypto stash with some stoploss will be helpful. It means that we cannot expect the bull run to be continuing all the times.

Recent dogecoin's run must be a great example for this scenario. Dogecoin rallied up to 720 satoshi but there were people speculating about testing up to 1000 satoshi but it seemed whales started booking profits hence it went down up to 410 satoshi in next next sessions; people waited for 1000 satoshi might have booked in between or might be still holding.

masterrex

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Quote from: Gorosden on April 17, 2021, 09:53:52 AM

There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared

Agree with that Mate, because that was the basics of our world we are all influence by the universal law of gravity, thats why everything that goes up must go down, And this principle is also applied to the businesses and industry the law of supply and demand and cryptocurrency is not exempted As we notice Bitcoin price was traded at $60K+per Bitcoin I believe that the price won't stay that level for long and eventually it will go down and rise again thats how the crypto market works. And those fortunate investors that were bought Bitcoin early are already gaining bigtime.

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Quote from: Bravehash on April 18, 2021, 06:40:03 AM

Not everyone have the gut or nerve to hold their tokens and coins when market is crashing because we all have different reasons what we plan to use our money for, this is why I believe that long term investment is for the rich or those who have other means of income, anyways for now any fall in market is just another opportunity to buy more, I don't see bears marching in any time soon

Not everyone has the opportunity to buy coins at a reduced price, but only those who sold them at high or used a stop loss. The rest should just wait for the market to recover and the price to return to its previous values. But the danger is that the price decline may continue, thus those who hold the coins may receive an even greater loss.

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