Topic: What happened? (Read 650 times)
I think this is a very simple pattern and has often happened, when the price of bitcoin goes up the price of ethereum and the Binance coin will also go up and vice versa. I've known this since the first time I was here, and I think this all happened because bitcoin is the most popular cryptocurrency and can be a benchmark for investor interest in crypto. besides the dominance of bitcoin in the market which is quite large is also the reason why all this can happen.
Hello everybody, first time here.
I wasn't sure where to post this, please feel free to move it if I messed up.
Thing is, I'm yet to start my investment (maybe in the next few days). I've just finished a course by Chris Haroun on the subject.
So I've been keeping an eye on the prices of Bitcoin, Ethereum and Binance Coin for the past few days. As you all know, all three coins took a dive yesterday. What I just noticed is that all three fell about the same time (around 4 A.M. yesterday), and recovered also about the same time (24 hs. later, about 4 A.M. today).
Did anything happen, that would cause such a synchronized dip and recovery?
Thanks in advance.
I wasn't sure where to post this, please feel free to move it if I messed up.
Thing is, I'm yet to start my investment (maybe in the next few days). I've just finished a course by Chris Haroun on the subject.
So I've been keeping an eye on the prices of Bitcoin, Ethereum and Binance Coin for the past few days. As you all know, all three coins took a dive yesterday. What I just noticed is that all three fell about the same time (around 4 A.M. yesterday), and recovered also about the same time (24 hs. later, about 4 A.M. today).
Did anything happen, that would cause such a synchronized dip and recovery?
Thanks in advance.
Everything is a little simpler than many people think
The crypto market was "founded" by that very bitcoin. And for a long time, the entire alternative crypto market was "considered" and continues to be considered in terms of values expressed in satoshi. No, I’ll say right away - there are crypts pegged to the dollar, for example, the same stablecoins, and as you noticed, they don’t fall .. But they don’t grow to Bitcoin either. But the cost of all the rest, in fact, is 100% "tied" to the indicators of bitcoin. Therefore, when Bitcoin falls, other, alternative cryptocurrencies also fall automatically. There are no riddles here, everything is quite logical and understandable 
Hello everybody, first time here.
I wasn't sure where to post this, please feel free to move it if I messed up.
Thing is, I'm yet to start my investment (maybe in the next few days). I've just finished a course by Chris Haroun on the subject.
So I've been keeping an eye on the prices of Bitcoin, Ethereum and Binance Coin for the past few days. As you all know, all three coins took a dive yesterday. What I just noticed is that all three fell about the same time (around 4 A.M. yesterday), and recovered also about the same time (24 hs. later, about 4 A.M. today).
Did anything happen, that would cause such a synchronized dip and recovery?
Thanks in advance.
I wasn't sure where to post this, please feel free to move it if I messed up.
Thing is, I'm yet to start my investment (maybe in the next few days). I've just finished a course by Chris Haroun on the subject.
So I've been keeping an eye on the prices of Bitcoin, Ethereum and Binance Coin for the past few days. As you all know, all three coins took a dive yesterday. What I just noticed is that all three fell about the same time (around 4 A.M. yesterday), and recovered also about the same time (24 hs. later, about 4 A.M. today).
Did anything happen, that would cause such a synchronized dip and recovery?
Thanks in advance.
it can be said that btc is a benchmark for the price of all coins, if bitcoin goes down then other coins follow.
well when the new recovery is very much different, bitcoin recovery can be said to be fast, but for altcoins it is very slow with a recovery ratio of 70:30% of the decline value
so don't think this is a big problem, because this is the current market in crypto
it turns out that Bitcoin is bearish then the entire market would really be having the same trend but not all the times because there are times on where
altcoins does have their own movement or totally opposing on what we are seeing with bitcoin which is normal and could really happen from anytime.
Bitcoin’s dominance until now can’t be stopped as it’s the most popular and the holy grail of all cryptocurrencies since from the very beginning. Most of the cryptocurrencies in the market today are just following where BTC goes no matter if it’s pumping or dumping.
BTC is the mostly used gateway for us to convert into fiat money. This is pretty normal for us to see the movement of these cryptos in the market due to their unpredictability. There are times when BTC goes down, other coins are going up which can be due to certain events or news that would eventually affect the prices that they have.
BTC is the mostly used gateway for us to convert into fiat money. This is pretty normal for us to see the movement of these cryptos in the market due to their unpredictability. There are times when BTC goes down, other coins are going up which can be due to certain events or news that would eventually affect the prices that they have.
Hello everybody, first time here.
I wasn't sure where to post this, please feel free to move it if I messed up.
Thing is, I'm yet to start my investment (maybe in the next few days). I've just finished a course by Chris Haroun on the subject.
So I've been keeping an eye on the prices of Bitcoin, Ethereum and Binance Coin for the past few days. As you all know, all three coins took a dive yesterday. What I just noticed is that all three fell about the same time (around 4 A.M. yesterday), and recovered also about the same time (24 hs. later, about 4 A.M. today).
Did anything happen, that would cause such a synchronized dip and recovery?
Thanks in advance.
I wasn't sure where to post this, please feel free to move it if I messed up.
Thing is, I'm yet to start my investment (maybe in the next few days). I've just finished a course by Chris Haroun on the subject.
So I've been keeping an eye on the prices of Bitcoin, Ethereum and Binance Coin for the past few days. As you all know, all three coins took a dive yesterday. What I just noticed is that all three fell about the same time (around 4 A.M. yesterday), and recovered also about the same time (24 hs. later, about 4 A.M. today).
Did anything happen, that would cause such a synchronized dip and recovery?
Thanks in advance.
it can be said that btc is a benchmark for the price of all coins, if bitcoin goes down then other coins follow.
well when the new recovery is very much different, bitcoin recovery can be said to be fast, but for altcoins it is very slow with a recovery ratio of 70:30% of the decline value
so don't think this is a big problem, because this is the current market in crypto
Thing is, I'm yet to start my investment (maybe in the next few days). I've just finished a course by Chris Haroun on the subject.
So I've been keeping an eye on the prices of Bitcoin, Ethereum and Binance Coin for the past few days. As you all know, all three coins took a dive yesterday. What I just noticed is that all three fell about the same time (around 4 A.M. yesterday), and recovered also about the same time (24 hs. later, about 4 A.M. today).
Did anything happen, that would cause such a synchronized dip and recovery?
This shouldn’t be something to scare you, it happens all the time. I believe that by now you must have heard or seen people saying that cryptocurrency is volatile, and that’s what you have just experienced.So I've been keeping an eye on the prices of Bitcoin, Ethereum and Binance Coin for the past few days. As you all know, all three coins took a dive yesterday. What I just noticed is that all three fell about the same time (around 4 A.M. yesterday), and recovered also about the same time (24 hs. later, about 4 A.M. today).
Did anything happen, that would cause such a synchronized dip and recovery?
And the reason why you would see bitcoin going down and a lot of altcoins are going down with it is because most of the altcoins are measured with bitcoin or you can as well say that they have a correlation with bitcoin since it is the biggest cryptocurrency and has the largest trading volume. So, this situation is a normal situation that tends to happen every time in the market, expect to be seeing it often.
Op have requested about the market situation of bitcoin almost few weeks back. It is well known that the price movement of bitcoin gets followed by majority of the altcoins in the market. This is why most of the altcoins drop when bitcoin is bearish and bounce back. Those day's market situation and today's market situation have got some close relationship. By then bitcoin fell and every altcoin fell. Now too same situation.
Quote
Thing is, I'm yet to start my investment (maybe in the next few days). I've just finished a course by Chris Haroun on the subject.
So I've been keeping an eye on the prices of Bitcoin, Ethereum and Binance Coin for the past few days. As you all know, all three coins took a dive yesterday. What I just noticed is that all three fell about the same time (around 4 A.M. yesterday), and recovered also about the same time (24 hs. later, about 4 A.M. today).
Did anything happen, that would cause such a synchronized dip and recovery?
Thanks in advance.
What we saw around 4 A.M yesterday, is just a sign that bitcoin, ethereum and BNB are about to hit higher for their investors to start hold for future profit making. Now that those three coins are no longer stable since yesterday night, it maybe the price of bitcoin is about to move to another level for investors to make an income from their investment. Even though any coin want to drop, it will not be bitcoin because bitcoin is still showing some signs of improvement in the market. This things that happened to market price, it will not last because this is the month many investors use to make money to celebrate Christmas and new year. So I've been keeping an eye on the prices of Bitcoin, Ethereum and Binance Coin for the past few days. As you all know, all three coins took a dive yesterday. What I just noticed is that all three fell about the same time (around 4 A.M. yesterday), and recovered also about the same time (24 hs. later, about 4 A.M. today).
Did anything happen, that would cause such a synchronized dip and recovery?
Thanks in advance.
dare to take steps and dare to take risks but with a measured analysis, and even then sometimes we are still toyed with emotions, therefore by being able to control emotions in any situation, then we will be safe. at least we know if bitcoin has decreased it is a sign
Yes you’re right about that, everyone who is taking a risk should be taking a measured risk. If you’re doing something like this and you just jump into it without making a proper plan on how you’re going to be taking your steps, you’re just going to end up losing your money and having some serious problems with that.So, it’s always very important to be taking calculated risks in everything, especially when you are investing and trading cryptocurrency. I’ve heard some really bad stories about some people who lost money in cryptocurrency, and how some of them decided to like take their life because of that, which is totally wrong. And I believe people like this wouldn’t have done such act if they were well informed and also took calculated risk , knowing the level of risks that they are facing in the market.
Thing is, I'm yet to start my investment (maybe in the next few days). I've just finished a course by Chris Haroun on the subject.
So I've been keeping an eye on the prices of Bitcoin, Ethereum and Binance Coin for the past few days. As you all know, all three coins took a dive yesterday. What I just noticed is that all three fell about the same time (around 4 A.M. yesterday), and recovered also about the same time (24 hs. later, about 4 A.M. today).
Did anything happen, that would cause such a synchronized dip and recovery?
I guess this is your first time seeing such a thing happening in this market, because this is nothing strange at all or new in the market, it happens regularly. There are a lot of coins in the cryptocurrency markets that correlates with Bitcoin, whenever Bitcoin goes down these coins are more likely to also go down, and the same thing happens the other way around when Bitcoin increases in price.So I've been keeping an eye on the prices of Bitcoin, Ethereum and Binance Coin for the past few days. As you all know, all three coins took a dive yesterday. What I just noticed is that all three fell about the same time (around 4 A.M. yesterday), and recovered also about the same time (24 hs. later, about 4 A.M. today).
Did anything happen, that would cause such a synchronized dip and recovery?
So, the reason you have seen Ethereum and other crypto currencies you have been watching go down with Bitcoin is because they correlate with Bitcoin. There are also other cryptocurrencies that don’t do the same thing, they move on their own and don’t follow Bitcoin to any direction it goes. As time goes on you get to learn a lot more in the market.
For newbies, it's definitely confusing to see that some coins follow the Bitcoin price and some don't follow the Bitcoin price. That is
the importance of learning about the crypto world first, before deciding to invest in crypto. So we can understand how the crypto world works,
because there are many factors that make crypto prices move up or down. It is not easy to predict crypto price movements, knowledge and
experience are required, to be able to do research and analysis of market movements. Usually, top altcoins often follow Bitcoin price movements,
while shitcoins move differently from Bitcoin price movements. That's why top altcoins are always recommended for investment, because
their movements are easier to predict than shitcoins.
If you think in this manner then you won't make any investment. I had some cash with me and the my mentor said I should not just lavish the money but buy Ethereum with half of the money and it was around $1908 which means now I have double the money even if I decided to cash out now, this means you just need to take the step
dare to take steps and dare to take risks but with a measured analysis, and even then sometimes we are still toyed with emotions, therefore by being able to control emotions in any situation, then we will be safe. at least we know if bitcoin has decreased it is a sign If you think in this manner then you won't make any investment. I had some cash with me and the my mentor said I should not just lavish the money but buy Ethereum with half of the money and it was around $1908 which means now I have double the money even if I decided to cash out now, this means you just need to take the step
Good for you, it's a wise investment indeed. But you have to understand where the OP is coming from, he hasn't invested yet so maybe he is a person that doesn't risk or at least wanted to mitigate it first before investing in crypto. Y
es, most of the time, when bitcoin goes down, the rest of the crypto goes with it as well. As bitcoin is the prime mover and every crypto is being traded with x/bitcoin as trading pair so it is obvious that it will have a big effect on every coin out there.
If you think in this manner then you won't make any investment. I had some cash with me and the my mentor said I should not just lavish the money but buy Ethereum with half of the money and it was around $1908 which means now I have double the money even if I decided to cash out now, this means you just need to take the step
Thing is, I'm yet to start my investment (maybe in the next few days). I've just finished a course by Chris Haroun on the subject.
So I've been keeping an eye on the prices of Bitcoin, Ethereum and Binance Coin for the past few days. As you all know, all three coins took a dive yesterday. What I just noticed is that all three fell about the same time (around 4 A.M. yesterday), and recovered also about the same time (24 hs. later, about 4 A.M. today).
Did anything happen, that would cause such a synchronized dip and recovery?
I guess this is your first time seeing such a thing happening in this market, because this is nothing strange at all or new in the market, it happens regularly. There are a lot of coins in the cryptocurrency markets that correlates with Bitcoin, whenever Bitcoin goes down these coins are more likely to also go down, and the same thing happens the other way around when Bitcoin increases in price.So I've been keeping an eye on the prices of Bitcoin, Ethereum and Binance Coin for the past few days. As you all know, all three coins took a dive yesterday. What I just noticed is that all three fell about the same time (around 4 A.M. yesterday), and recovered also about the same time (24 hs. later, about 4 A.M. today).
Did anything happen, that would cause such a synchronized dip and recovery?
So, the reason you have seen Ethereum and other crypto currencies you have been watching go down with Bitcoin is because they correlate with Bitcoin. There are also other cryptocurrencies that don’t do the same thing, they move on their own and don’t follow Bitcoin to any direction it goes. As time goes on you get to learn a lot more in the market.
As many others have already pointed out, and as it’s been going on for a very long time now, bitcoin is the tide that makes all the boats rise, or fall, for that matter. It seems rare to see when coins don’t follow bitcoins lead whether that’s up or down.
See a chart of bitcoin price movement since March 9, 2020 until now below:
My little explanation about the chart above.
If you think that in 2021 bitcoin price movement will be a bit slow then I think you are wrong. The chart above starts on March 9, 2020 up to now and I took 1 week TF so you can judge whether your assumption about the slow price increase are right or wrong. I can say that you are wrong because there are enough big move in bitcoin price in 2021 that people realize that bitcoin ATH will hit. Obviously I'm saying it based on fact, and the chart above is a fact that bitcoin price movement are never slow.
Based on the graph above, true as you say. The meaning of my writing, bitcoin movement is a little slow not completely wrong. Bitcoin took several months to reach its highest price. Take a look at the picture above, there are no vertical green line like a coconut tree. Move slowly, although at this time the price of bitcoin is at its peak, but bitcoin takes time to get to the moonMy little explanation about the chart above.
If you think that in 2021 bitcoin price movement will be a bit slow then I think you are wrong. The chart above starts on March 9, 2020 up to now and I took 1 week TF so you can judge whether your assumption about the slow price increase are right or wrong. I can say that you are wrong because there are enough big move in bitcoin price in 2021 that people realize that bitcoin ATH will hit. Obviously I'm saying it based on fact, and the chart above is a fact that bitcoin price movement are never slow.
Profit taking took place en masse, as a result could damage Bitcoin price fundamental, because the money will flow to Altcoin. But if we look at the movement of Bitcoin in 2021, Bitcoin price increase is a bit slow, so many traders don't realize that Bitcoin goes up little by little every day. Although this month a lot of big events happened to Altcoin, will not damage the fundamental of Bitcoin price which makes the price lower. In my opinion, The price of bitcoin this year is better when compared to 2018-2020.
See a chart of bitcoin price movement since March 9, 2020 until now below:My little explanation about the chart above.
If you think that in 2021 bitcoin price movement will be a bit slow then I think you are wrong. The chart above starts on March 9, 2020 up to now and I took 1 week TF so you can judge whether your assumption about the slow price increase are right or wrong. I can say that you are wrong because there are enough big move in bitcoin price in 2021 that people realize that bitcoin ATH will hit. Obviously I'm saying it based on fact, and the chart above is a fact that bitcoin price movement are never slow.
~~also on this month, many many major event from Medium caps altcoin happen, like EGLD will launch egld ecosystem , polkadot with parachain , and many more, no wonder altcoin will pumped this month, just pick the right.
Profit taking took place en masse, as a result could damage Bitcoin price fundamental, because the money will flow to Altcoin. But if we look at the movement of Bitcoin in 2021, Bitcoin price increase is a bit slow, so many traders don't realize that Bitcoin goes up little by little every day. Although this month a lot of big events happened to Altcoin, will not damage the fundamental of Bitcoin price which makes the price lower. In my opinion, The price of bitcoin this year is better when compared to 2018-2020.
sometimes, the coin will flow reverse from bitcoin, and vice versa. if it 100% all of coin following bitcoin movement, it will be easy for trader, they know how to deal with the price. the fact, i have coin, will increase it price slowly if bitcoin price down, slowly but sure its take moment to drop on the first price.
The only way to avoid dips is to swap for usdt or other stable coin but mind you if you want to invest in any coins it's safer to get in early, I can watch my portfolio goes down 50% and not worried because I got in early, the most dangerous thing to do is buy when coins are surging
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