What happened to the crypto market? - page 3.

dzungmobile

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Quote from: wtsimis on June 11, 2024, 12:25:43 PM

The market is only going down for the last few days. What is the reason for this ? Does the cryptomarket go down for no reason ?

Reason is simple. This market is led by Bitcoin and the leading cryptocurrency has many months of bull run according to [1]. It needs correction that causes alternative cryptocurrency to correct as well.

After 7 months of bull run, Bitcoin is corrected in April with -14.7%, May is green with +11% and this month, June even with the down you are mentioning, it is still up 0.6%. Things are not too bad like nightmare or similar, stay positive as the Bitcoin market won't disappear next month. With lot of time ahead, you will have more opportunities to see the Bull.

[1] https://cryptorank.io/price/bitcoin

Quote

If this down continues, investors are likely to lose their capital. Now some tokens are worth 4:1 since my investment time.

True investors won't shake their hands because of market corrections.

Gamblers with leverages will be forced liquidated by exchanges but it is because they have bad risk and capital management, not because of the market.

Learn about the market, build up your investment strategy.
Are you ready for the Bitcoin bull market? What's your plan? Some ideas for you
We are still early in this bull run. Retails have yet come back massively!
Focus on knowledge, build up belief, then investment plan, success will come.

EarnOnVictor

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Quote from: wtsimis on June 11, 2024, 12:25:43 PM

The market is only going down for the last few days. What is the reason for this ? Does the cryptomarket go down for no reason ?
If this down continues, investors are likely to lose their capital. Now some tokens are worth 4:1 since my investment time.

The Bitcoin market did not surprise me at all, as a trader of many years, I know there will never be an entire dominance of the bears or bulls in the market regardless of what the prevailing trend states. So a fake pattern, sideways, range, retracement/correction and indecisiveness will always be seen in the market, it now depends on how smart and prepared you are to recognise them and act accordingly.

The fall in Bitcoin since late last week, especially the one that happened yesterday was not without warning, you may check your trading chart for that, and if at all, price action was able to detect it on the 4H, 1D correctly. What else does any trader want? This is why I often advice us here to be the friend of our charts, and the more we learn how to use it, the more it will guide us correctly.

As we advance, today will determine a lot more, if today's candlesticks could close positively, then there is hope, this is especially true as Bitcoin has not breached the daily chart Fibo level of 23.6% at $65,450. A breach below the level will cause more harm to Bitcoin and might drag it towards $60,000 or below once again.

X-ray

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its probably correction or it could be many things,you see just compare current bitcoin price or market capital of entire cryptocurrencies to previous month you will know that we are still up few percent. really there's no need to look too much into some market correction or sudden dump sometime it could happen without anything triggering it but I suppose current price dump was because ETF outflow which break the inflow streaks that probably caused people to be afraid but nothing of significance if you look from long term view.

Quote from: https://finance.yahoo.com/news/us-spot-bitcoin-etfs-ended-055841668.html

US Spot Bitcoin ETFs Ended Record 19-Day Inflow Streak Following $65M Outflow

its normal because a week ago price literally pumping and the market is all green, nothing lasts forever right so this is one of the correction needed to be healthy.

just remember that the current correction is a good opportunities for people investing in crypto, the price already discounted 20%, if market recover you already in profit and if it reaches ATH you get really good profit.

michellee

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We don't know what is the real reason the market going down happens for the last few days. But that will be a good time to buy more Bitcoin at a low price. The down of the market is happens many times without we know the reason but one thing that we can do is we have more chance to buy more at a low price.

You are not alone to see your investment value is down because other people will have the same experience. This time we must holds our investment but we can accumulate more if we still have money to buy the coin. You don't have to panic because you can't thinks clear how you can use this moment for your benefit.

The investor will knows what they must do when the market is down. They will still holds their coins because they knows this situation is temporary. They will see the market will be better and will increase in the right time.

GreatArkansas

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Quote from: wtsimis on June 11, 2024, 12:25:43 PM

The market is only going down for the last few days. What is the reason for this ? Does the cryptomarket go down for no reason ?
If this down continues, investors are likely to lose their capital. Now some tokens are worth 4:1 since my investment time.

I don't think this is worth to panic. Because for the last few weeks, we just came and went above $70,000, now it's already $67,000 and for me, there is nothing to worry about at all because I am still bullish as we are still able to hold above $60,000.
I really suggest to zoom out and see how we are holding.

Strongkored

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Quote from: wtsimis on June 11, 2024, 12:25:43 PM

The market is only going down for the last few days. What is the reason for this ? Does the cryptomarket go down for no reason ?
If this down continues, investors are likely to lose their capital. Now some tokens are worth 4:1 since my investment time.

This is only a temporary correction before reaching another high. And every increase or decrease must also have a reason, including the reason for the correction.
That is the risk if you prefer to hold tokens, the risk of decline is much greater than Bitcoin's decline and what is worse is if it is a token whose development is not clear then it will be difficult for it to rise even if later the price of Bitcoin or the market will increase again, and loss of capital for traders or investors in crypto is something that can always be obtained because market conditions are uncertain, and sometimes stop losses are needed so that the losses do not get bigger

oktana

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Everything always has a reason. There’s no way it’s going down without a reason. But it doesn’t matter the reason because you should first know that crypto is volatile and you should be prepared for that before you invest any money into it. Also, money that you can afford to let go is what you’re meant to invest. I’ll also add that most times crypto requires just patience in the exact position you are (no need to run around).

PX-Z

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Quote from: wtsimis on June 11, 2024, 12:25:43 PM

... Does the cryptomarket go down for no reason ?

Are you for real? Downtrend is not based on nothing, its based on traders' activity, either there's a bad news or only good news, price always based on traders activity. Well, alts and tokens usually go by the trend where bitcoin is, not coincidence tho but it's always it is, bitcoin always drags these coins up and down.

batang_bitcoin

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Quote from: wtsimis on June 11, 2024, 12:25:43 PM

The market is only going down for the last few days. What is the reason for this ?

It's not new, there were just a lot of longs that have been liquidated. Whatever the reason is, you just go to the term of it as being volatile market.

Quote from: wtsimis on June 11, 2024, 12:25:43 PM

Does the cryptomarket go down for no reason ?

It's all due to many that have dumped.

Quote from: wtsimis on June 11, 2024, 12:25:43 PM

If this down continues, investors are likely to lose their capital. Now some tokens are worth 4:1 since my investment time.

If you're going to sell at losses, you'd definitely going to lose your capital. HODL if you're holding precious Bitcoin and some quite good altcoins.

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Quote from: kentrolla on June 11, 2024, 01:14:20 PM

I would suggest you not to panic as this is pretty usual for crypto market and we have seen this time and again. It will buckle up and this would be the phase where one can make quick investment to get quick profit. As far as your concern of tokens being revised to 1/4th of its value that's sad but I guess those are new tokens or meme coins or other Altcoins not in top ten as this tends to happens but market will recover hence take a chill pill.

That's not surprising for most tokens, as they can easily lose value especially if there's no solid foundation for such project. This is why it is hard to invest on tokens and other alts. The chance of holding worthless tokens is always there. But if you will stick to btc, the price may have a roller coaster ride but it won't disappear in the market without a warning. Hence, most of these long time holders are discarding their tokens and other alts and just dedicate their resources to btc. They found out real quick that you can't trust most alts for long-term purposes. But if you can trade these alts fast, you may likely get good profits but don't get too sentimental holding them, because high likely, you will be screwed big time.

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Quote from: wtsimis on June 11, 2024, 12:25:43 PM

The market is only going down for the last few days. What is the reason for this ? Does the cryptomarket go down for no reason ?
If this down continues, investors are likely to lose their capital. Now some tokens are worth 4:1 since my investment time.

The market has many reasons for it to start dumping, sometimes this dumping happens because a resistance level wasn't able to be broken as Bitcoin tries to go up. What is happening to the market is normal and doesn't call for alarm. The market doesn't move in only up direction as the market has been doing before the dump started happening. This is just the market taking a break as soon the market will resume its movement up and we might break a new all time high in this month.

Majority of the tokens follows after Bitcoin therefore anything that is happening to Bitcoin will also happen to them. And if Bitcoin price falls, tokens prices will fall more as they don't have strong hand investors but only those individual that are trading the tokens because they want to make money. Bitcoin is going to recover therefore you don't have to panic about the price dumping, this is very normal after the market has been rising for sometime.

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Quote from: wtsimis on June 11, 2024, 12:25:43 PM

The market is only going down for the last few days. What is the reason for this ? Does the cryptomarket go down for no reason ?
If this down continues, investors are likely to lose their capital. Now some tokens are worth 4:1 since my investment time.

If you are just new into this market, then the thing i would really be saying is that you should really be getting used to it. Why? Market is always been that unpredictable and there's no way that you could really be able to tell on where it would be going. One of the main reasons on why crypto market is really that unpredictable and there's no way that we could really be able to tell on where it would be going. It could move without
any reason or news behind nd this is why to those people who are really that making use of fundamental analysis couldnt really be anytime to be able to rely on what they couldnt be able to see within the market.
This is why they would really be that applying technical analysis on which it wouldnt be also giving out that 100% accuracy when it comes on predicting prices.

This is why it would really be ideal that you should be having that plan B's or C's whenever the market would really be crashing up on the analysis that you had set on.
You should expect the unexpected and dont makeyourselfs that getting shocked because this is hohw this market behaves or works.

Arenga pinnata

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Quote from: wtsimis on June 11, 2024, 12:25:43 PM

The market is only going down for the last few days. What is the reason for this ? Does the cryptomarket go down for no reason ?
If this down continues, investors are likely to lose their capital. Now some tokens are worth 4:1 since my investment time.

Actually, I also wondered about this. But my question is more on the fundamental side or based on what news or events caused the market to decline. Technically, maybe this is a fairly normal decline. but usually there is a reason behind the decline. Is there an economic event or something like that?

but what is clear is that in a situation like this we should not panic. but we have to stay calm. Because the market will not always go up but will also go down. And conversely, the market will not always go down because afterwards it will definitely go up again.

electronicash

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i have the feeling this is one last dip to make it to $80k and then another constant dip again back to 70k while the altcoins are still going to keep the slow movement of prices. it's not a sustainable market for altcoins investors, i sold some to buy BTC already. i think this is where the market will be for the rest of the year.

some say grayscale dumping and some say FOMC report coming and they expect something and then some say War coming since Putin is coming. i guess everyone is selling when war comes.

kentrolla

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I would suggest you not to panic as this is pretty usual for crypto market and we have seen this time and again. It will buckle up and this would be the phase where one can make quick investment to get quick profit. As far as your concern of tokens being revised to 1/4th of its value that's sad but I guess those are new tokens or meme coins or other Altcoins not in top ten as this tends to happens but market will recover hence take a chill pill.

Charles-Tim

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Market bear time is normal. You can not expect the market to always be of bull run.

Quote from: wtsimis on June 11, 2024, 12:25:43 PM

Now some tokens are worth 4:1 since my investment time.

You have seen altcoins increased more than 5 times. Some altcoins increased even up to 25 times already. You should expect heavy dump if the market is bearish. There is a reason experienced people also say altcoins are gambling. It is because your $100 can easily become $10 or less within weeks as they can also increase 10 times within weeks.

BitMaxz

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That's a normal crash because it fails to break the trend of a symmetrical flag the price touches above the flag but it fails that is why it crashes but it doesn't mean it would crash more it might be just a retracement and it might retest the $71k again or it might continue to drop but still inside the symmetrical flag.

If you are investing in altcoins or tokens then they would also drop because it's dominated by BTC. That's pretty normal if you do believe in that project why would you sell instead of buy when you see red keep buying or do DCA then hold and sell it at the right time don't sell it if you don't make any profit.

wtsimis

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The market is only going down for the last few days. What is the reason for this ? Does the cryptomarket go down for no reason ?
If this down continues, investors are likely to lose their capital. Now some tokens are worth 4:1 since my investment time.

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