What goes up must come down - page 2.

Stalker22

legendary

Activity: 1526

Merit: 1359

Quote from: 2double0 on May 22, 2021, 04:49:01 PM

Quote from: ?? on ??

Yes. But just a reminder, what goes up doesn't come down in a straight line Wink

It's not an end to the bull run for btc, but it is also not going to continue the way it started off. First Elon, then China, both of them crashed the whole crypto but I look it as a positive sign as correction was important, so it came and higher are the chances that it will continue, but we are getting btc and altcoins for discounted values, so why bothered so much? Should buy and wait for the remaining partial bull run.

I never thought it would go this high. And I never thought it would go this low. My investment case for bitcoin has always been that it is a store of value; an item of access to wealth. The fact that it is such a disruptive technology is secondary.

But, Bitcoin is a technology. Just like Gutenberg's printing press, it is changing the way we do transactions. For now, it is still at a critical inflection point and no one knows how well it will fare when the world and our demands change in the next few years.

UnDerDoG81

legendary

Activity: 2179

Merit: 1201

Quote from: Oasisman on May 21, 2021, 05:14:04 PM

Quote from: proudhon on May 21, 2021, 09:41:03 AM

Quote from: UnDerDoG81 on May 21, 2021, 09:38:33 AM

Just accept it man, Bitcoin is death. From here we go to single digits. It's over. The tulp mania topped out. Ponzi scheme finally imploded. Sell all before it's too late. İf you would have listened to all the threads back in 2013 and sold everything it would have been the best thing you could do. Just exit this scam and hold things with real value like fiat. Bye.

A fellow mathematician I see.

Your fellow mathematician seems to be a hacked account in 2018? Lol
Sold everything in 2013 and cry in 2021, I'm impressed with the Mathematics right there Grin

My account got not hacked. Some people just have to understand sarcasm. Nobody is crying here. I hold since 2013. That tiny correction, no big deal.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: Raflesia on May 22, 2021, 02:57:43 PM

Quote from: Fatunad on May 21, 2021, 06:44:18 PM

Quote from: Raflesia on May 21, 2021, 05:33:38 PM

-skip-

This is where knowledge will differ in each person and if you do able to save up yourself before the crash then that was a good move because the market had eventually crashed and if you havent
then you had just missed out that opportunity. Its true that what goes up would always comes down because this wont be called a market if we would only be moving in one path.
So its up to someone on how they would be saving up their ass on in times like these because there would always be a time on where we do really have some corrections like this.
So you should be wise from time to time.

well I don't want big losses in conditions like this so I move my assets to fiat while waiting for this correction to finish, but this is also me while looking at how the movement in the market and if there is an opportunity then I will not pass it, of course in this case it is very vulnerable if we choose the wrong choice even though this is already a risk, I will continue to try to avoid it and do not want large losses to repeat itself as before.
There are at least some signs of sight and the market looks green again and there is lots of positive news about cryptos so there will usually be a recovery back to the way it was.

Depends on each person on how they would see a certain situation and make out analysis from it and make out some possible plans or movements or steps whenever theres a sign of some
movement where you can easily make yourself get out and save up yourself on possible loss.So its a bit involving some luck when it comes to these calls.
Yes, its true that what goes up must come down and i said that this market wont really be moving in single path and it cant be called a market
if we do just see that it do continue to rise without any correction and price decrease.

2double0

legendary

Activity: 2618

Merit: 1105

Quote from: ?? on ??

Yes. But just a reminder, what goes up doesn't come down in a straight line Wink

It's not an end to the bull run for btc, but it is also not going to continue the way it started off. First Elon, then China, both of them crashed the whole crypto but I look it as a positive sign as correction was important, so it came and higher are the chances that it will continue, but we are getting btc and altcoins for discounted values, so why bothered so much? Should buy and wait for the remaining partial bull run.

Raflesia

hero member

Activity: 2282

Merit: 560

_""""Duelbits""""_

Quote from: Fatunad on May 21, 2021, 06:44:18 PM

Quote from: Raflesia on May 21, 2021, 05:33:38 PM

-skip-

This is where knowledge will differ in each person and if you do able to save up yourself before the crash then that was a good move because the market had eventually crashed and if you havent
then you had just missed out that opportunity. Its true that what goes up would always comes down because this wont be called a market if we would only be moving in one path.
So its up to someone on how they would be saving up their ass on in times like these because there would always be a time on where we do really have some corrections like this.
So you should be wise from time to time.

well I don't want big losses in conditions like this so I move my assets to fiat while waiting for this correction to finish, but this is also me while looking at how the movement in the market and if there is an opportunity then I will not pass it, of course in this case it is very vulnerable if we choose the wrong choice even though this is already a risk, I will continue to try to avoid it and do not want large losses to repeat itself as before.
There are at least some signs of sight and the market looks green again and there is lots of positive news about cryptos so there will usually be a recovery back to the way it was.

fullhdpixel

hero member

Activity: 2828

Merit: 611

Quote from: BitcoinBarrel on May 20, 2021, 09:15:02 PM

This is the 3rd or 4th time Bitcoin has Shot up to ATHs nearly vertical and then corrected itself. Should not be surprising to anyone at this point.

You are right but this time the correction was just too big to digest. I know it was going to drop at some point but so much support from so many angles led me to believe that it won't drop that much this because surely we have enough investors holding this time.

Quote from: BitcoinBarrel on May 20, 2021, 09:15:02 PM

I have been saying for months that Bitcoin will most likely drop back down to the 20k range. Just look at the chart from 2018!

I wish I saw what you said but I still don't think I would have believed the way Bitcoin was cruising nicely that it would drop that much. Now that I have seen it with my open eyes, I still fail to understand how this keeps happening.

Similarly when it drops somehow people panic sell knowing it would go higher but that's just human tendency we cannot believe something that is coming down and cannot doubt what's going up in terms of the price of an asset.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

Bitcoin might be on a bear market, however, it is very impressive on how far it has gone to reach a new level of bagholders. For the next 4 years we are together with famous athletes like Tom Brady and Sean Culkin. Laser eyes from Brady, Sean Culkin doubled his position this week hehehehee.

https://mobile.twitter.com/tombrady/status/1391746521381617667

https://mobile.twitter.com/culkin22/status/1395936897524932611

Lorence.xD

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

Quote from: proudhon on May 21, 2021, 09:41:03 AM

A fellow mathematician I see.

You can't call yourself mathematician just cause you taught you think that the prices will never go up again, do you have an equation or something that a mathematician would have to prove that the prices are never going to go up, I always see your FUD that it won't go up because you have proven it "scientifically" or "mathematically" but there are no proofs to be given.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: Raflesia on May 21, 2021, 05:33:38 PM

Quote from: arwin100 on May 21, 2021, 04:59:00 PM

Many people miss to see this since majority keep looking to see more pump and thinking that we can shoot up more, I myself think that to but when I see a big fuds like currently what happen now I already secured my funds to usdt so that I will not left bag holding any alts and buy when the storm calm again. Bitcoin seems going for more dump since the threat still there but hopefully we cannot see more upsetting dumps since I'm sure many bag holders will be produce by this huge marker crash happening these days.

It is much better to secure assets to fiat to secure it from falling continuously for me this is still not calm enough and bitcoin will continue to be thrown away after many threats from FUD news do not stop thinking this will continue who knows how long it will end, but I realized only recently a few days bitcoin dump feels like it will still be recovering even it is difficult to say in the near future so we still have to look at the situation.

It's really a market crash I don't want to keep any coins in my bag except the fiat which I secure it is better not to fall for the price drops even this could be even worse than the current lowest price.

This is where knowledge will differ in each person and if you do able to save up yourself before the crash then that was a good move because the market had eventually crashed and if you havent
then you had just missed out that opportunity. Its true that what goes up would always comes down because this wont be called a market if we would only be moving in one path.
So its up to someone on how they would be saving up their ass on in times like these because there would always be a time on where we do really have some corrections like this.
So you should be wise from time to time.

CaVO32

full member

Activity: 1848

Merit: 158

Quote from: Raflesia on May 21, 2021, 05:33:38 PM

Quote from: arwin100 on May 21, 2021, 04:59:00 PM

Many people miss to see this since majority keep looking to see more pump and thinking that we can shoot up more, I myself think that to but when I see a big fuds like currently what happen now I already secured my funds to usdt so that I will not left bag holding any alts and buy when the storm calm again. Bitcoin seems going for more dump since the threat still there but hopefully we cannot see more upsetting dumps since I'm sure many bag holders will be produce by this huge marker crash happening these days.

It is much better to secure assets to fiat to secure it from falling continuously for me this is still not calm enough and bitcoin will continue to be thrown away after many threats from FUD news do not stop thinking this will continue who knows how long it will end, but I realized only recently a few days bitcoin dump feels like it will still be recovering even it is difficult to say in the near future so we still have to look at the situation.

It's really a market crash I don't want to keep any coins in my bag except the fiat which I secure it is better not to fall for the price drops even this could be even worse than the current lowest price.

Stable coins are very helpful in this crashing market. As we are not sure what will happen next, sometimes, it is good to convert your crypto to your fiat or stable coin, and just go back when the market is going green again. However, it still depends on your strategy, some will buy more promising alts as they are eyeing for potential profits in the future. But I believe the crash will be different this time, as there are so many institutions involved, even big companies that are in play in this market, the crash will not hit rock bottom.

Raflesia

hero member

Activity: 2282

Merit: 560

_""""Duelbits""""_

Quote from: arwin100 on May 21, 2021, 04:59:00 PM

Many people miss to see this since majority keep looking to see more pump and thinking that we can shoot up more, I myself think that to but when I see a big fuds like currently what happen now I already secured my funds to usdt so that I will not left bag holding any alts and buy when the storm calm again. Bitcoin seems going for more dump since the threat still there but hopefully we cannot see more upsetting dumps since I'm sure many bag holders will be produce by this huge marker crash happening these days.

It is much better to secure assets to fiat to secure it from falling continuously for me this is still not calm enough and bitcoin will continue to be thrown away after many threats from FUD news do not stop thinking this will continue who knows how long it will end, but I realized only recently a few days bitcoin dump feels like it will still be recovering even it is difficult to say in the near future so we still have to look at the situation.

It's really a market crash I don't want to keep any coins in my bag except the fiat which I secure it is better not to fall for the price drops even this could be even worse than the current lowest price.

Oasisman

hero member

Activity: 2716

Merit: 552

Quote from: proudhon on May 21, 2021, 09:41:03 AM

Quote from: UnDerDoG81 on May 21, 2021, 09:38:33 AM

Just accept it man, Bitcoin is death. From here we go to single digits. It's over. The tulp mania topped out. Ponzi scheme finally imploded. Sell all before it's too late. İf you would have listened to all the threads back in 2013 and sold everything it would have been the best thing you could do. Just exit this scam and hold things with real value like fiat. Bye.

A fellow mathematician I see.

Your fellow mathematician seems to be a hacked account in 2018? Lol
Sold everything in 2013 and cry in 2021, I'm impressed with the Mathematics right there Grin

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Many people miss to see this since majority keep looking to see more pump and thinking that we can shoot up more, I myself think that to but when I see a big fuds like currently what happen now I already secured my funds to usdt so that I will not left bag holding any alts and buy when the storm calm again. Bitcoin seems going for more dump since the threat still there but hopefully we cannot see more upsetting dumps since I'm sure many bag holders will be produce by this huge marker crash happening these days.

sunsilk

hero member

Activity: 3038

Merit: 634

It's coming down and that's making every speculation about the bear market likely and in effect. But even if it goes down to $30k or $20k, so let it happen. We're still come far and those who have sold at the top can have their chances now to get it back cheaper.

Quote from: Russlenat on May 21, 2021, 10:27:07 AM

I was surprised seeing bitcoin suddenly dump. After the Elon Musk fud, here comes the China FUD.

This will not stop as people might panic and bring bitcoin to even below $20k.
It's a correction together with FUD, it's a very effective strategy to bring the price down.

Our happy moments are over, we will not see bitcoin reach $100k this year, maybe in the next cycle of bull run

BUT STILL, HOLD!

I'll also hold no matter what the FUD will be all over the mainstream media. This is the natural market that we're seeing and good thing that we've come this far and we can have the conclusion that it's just another cycle that's about to happen.

Ryker1

sr. member

Activity: 1932

Merit: 442

Eloncoin.org - Mars, here we come!

Quote from: BitcoinBarrel on May 20, 2021, 09:15:02 PM

^[snip]
What do you people expect from this last bull run?

Well, most of them expected that there is another ATH will come.
However, the correction went on because of negative news coming at the same time. Just imagine, --let us start with Elon Musk’s nonsense tweet. One of the reasons why bitcoin increased is the influence Elon Musk made. Withdrawing is the initial statement that affects the decisions of the investors he convinced to go in. Second is the news about Binance being under investigation by the SEC and Department of Justice. This would affect the price big time. And lastly, China banning financial institutions from offering cryptocurrency services. Well on this time, this is overkill. We should expect the correction and wait until we recover. That is how we will be playing it.

Russlenat

hero member

Activity: 2716

Merit: 904

I was surprised seeing bitcoin suddenly dump. After the Elon Musk fud, here comes the China FUD.

This will not stop as people might panic and bring bitcoin to even below $20k.
It's a correction together with FUD, it's a very effective strategy to bring the price down.

Our happy moments are over, we will not see bitcoin reach $100k this year, maybe in the next cycle of bull run

BUT STILL, HOLD!

STT

legendary

Activity: 4088

Merit: 1452

2018 had a rising dollar after a decline for most of 2017, it reversed the bias where as now I've just seen DXY try and fail to start a recovery in its previous losses. Its not a great supply we have a massive gap and weakness from monetary expansion, its quite deliberate and Bitcoin is not likely to especially devalue in the face of that.
Alot of bad news and profit taking, I still count it as quite normal and its also normal that people are impatient and expect an immediate return to the highs which will take time for sure maybe the whole year I dont know.

I'm watching lows here to see if we consolidate or break into a lower range especially. Below 200 day average could be considered negative easily however the direction of the 200 DMA is rising which gives some clue to future positives and I would not count against that even if near-term is continued speculative profit taking and weakness.

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: UnDerDoG81 on May 21, 2021, 09:38:33 AM

Just accept it man, Bitcoin is death. From here we go to single digits. It's over. The tulp mania topped out. Ponzi scheme finally imploded. Sell all before it's too late. İf you would have listened to all the threads back in 2013 and sold everything it would have been the best thing you could do. Just exit this scam and hold things with real value like fiat. Bye.

A fellow mathematician I see.

UnDerDoG81

legendary

Activity: 2179

Merit: 1201

Just accept it man, Bitcoin is death. From here we go to single digits. It's over. The tulp mania topped out. Ponzi scheme finally imploded. Sell all before it's too late. İf you would have listened to all the threads back in 2013 and sold everything it would have been the best thing you could do. Just exit this scam and hold things with real value like fiat. Bye.

electronicash

legendary

Activity: 3178

Merit: 1054

Quote from: Timelord2067 on May 21, 2021, 06:40:06 AM

Without a doubt those investors who recently crashed and got burned will be far more cautious and pass on their tales of loss to new investors. (Otherwise they'll be bound to repeat their past mistakes adinfinitum.)

those in the margin trading got burned the most. at 40k its becomes confusing to analyse the trend as to where it will gl from there.

when the price drop from 52k to 30k, jerome powell then announces that cryptocurrency isnt reliable dus to price volatility and then talks about cbdc. this is very timely.

Topic: What goes up must come down - page 2. (Read 486 times)