Topic: Will Crypto recover from the most recent crypto dip? - page 2. (Read 519 times)

Exactly,,, this is the point people fail to see in their fear and panic. If this is the worst that the bad things coming together can do to Bitcoin, then we should be very happy that we are seeing such a good price now. And if you already bought the low this year, you are already way high in profit after a few weeks.

It will be back to bull market, it doesn't matter what I believe because we can all make our own prediction but I am just bullish with bitcoin this year.
You know what? people are thinking bitcoin will drop because of the pandemic, and they'll accept that as they are ready to see it, but it was not happening, bitcoin remains stable until now and it has pump from time to time or bounce back once it falls.

A sharp fall/rise will always comes with a short term retracement so that the charts wouldn't be too steep
After going into the consolidation stage, this is where you can see if the market is going to recover back to bull or just a short term change

 that is nice  . love it when there is a news about price recovery  .26 billion  usd fell on overall cryptos  ?

well indeed it was a hell huge and i think your right  . oil price which is affected by the stock market are two factors that can also affect the crypto market   and now  another factor is in the list  . i guess the all  three assets are now schedule to have a downfall again so we guys must be cautios of that  . im done buying before so idc anymore about the dip but now im more foccus on the pumps only  

Look how it drops last year, in fact, we've been getting worst than of today and the price went down almost $3k a few dollars away from $4k. But despite of those happenings, we still able to move back alive and reach almost $8k in the year-end. And so I believe that this happening today gives no reason that we can't surpass this one. Should we have to give up? No of course ad there is no reason why we should have to do it. The market backs to normal again and this will happen after coronavirus and our continuous support is very important.

yes I agree with this article. because after all this article was written based on input and predictions from several reliable sources. but all these increases did not take place quickly and certainly needed stability and recovery from certain economic sectors.
 

First of all, i want the OP to know that some article writers sometimes added grain of salt to their article in other to gain more views so i dont want to add more click to the site.
Nevertheless, crypto is know for been volatile in nature and hedge to fiat currency but not to covid 19 which precisely led to some major panic sell and less demand in the crypto market. Meanwhile, all this doesnt mean the end of crypto market not even halving is coming.

That is only the author's speculation, Yes I have to give some respect to his opinion but I'll just have to skip knowing that we are in a different situation.

We suffer huge dumps before (even worse than of today) but we are able to survive by then. This is not the end of crypto nor we are seeing that it drops more. The price is still good, potential altcoins are still rallying this makes no worries for me coz I believe that we can still make this and we did before. Those doubtful individuals will surely quit and I don't want to hold them cause they are also the reason for market drops. 

Thus, again my fear is that WHEN IMHO, the stock market actually does dump out at 50% of the
2020 high of around 2/14/20...Bitcoin will follow. Not because that BTC is not a good value long term, but because people will crack at a 50% drop in the stock market
and the frigging country is going shut down dead for 3-4 months! People may WANT to buy cheap stocks and cheap BTC/Crypto but real-life issues like keeping and paying for
Grandma in the Nursing home will take priority. Thus, if it is so bad that the major Whale HODL'ers also start to bail out at that point. We are screwed.

I'd like to buy more BTC at these prices long term but I am dead broke with real-life issues likely for the next 3 months as well! A friend said the good thing is the rental property will be 50% cheaper and he could buy one each. Until I pointed out NO RENTERS the university is likely closed till FALL and who knows about enrollment
than would be enough to even find renters at that point and he likely will be laid off in less than a month! Tossing BTC/Crypto if it becomes a long term
speculative investment into rental properties on my part, also long term, if that becomes the case for both, well, I like my odds with BTC/Crypto better, so I'm not gonna do it.

So hopefully, and I mean, I really, really, hope....that BTC only also goes down to 1/2 value more or less....say $5k when sh*t hits the fan. These next 2 months or
so with halving are gonna determine if BTC/Crypto is a store of value, unlike stocks, once the bottom price of both is hit? Or that BTC/Crypto is just a nice normal long term speculative investment you can dump quickly in bad economic times to fill your emergency/catastrophic fund 24/7. Thus as a 'speculative asset' it indeed may
come back when the stock market hits ATH again, in what 7-12 years maybe?

The next 2 months will tell. I'd settle for a nice sideways uncoupled from stock market
panic approaching, IMHO, at whatever price! Also that the Whales have drunk enough kool-aid to not 'crack' under pressure to dump on top of the above, that would be 'catastrophic'! Damn, 'Black Swan Events' on top of the Halving!

No idea myself wtf is gonna happen...but IMHO it will happen in next 2 months. I'm HODL'ing!

I just hope others are as stubborn and will accept a worse case, long term recovery to boot a

Brad


edit: well this sure did not help much

https://www.cnbc.com/2020/03/29/president-trump-extends-national-social-distancing-guidelines-through-april-30.html

The stock market is gonna lose their ever-loving mind on Monday and dump I fear. Would be nice if BTC decoupled from such.

I agree with that article. because the price of an item will be high if there are supporting factors of the item. as is the case with the current botcoin price. the thing that really affects about the decline in the price of bitcoin right now is because world oil prices are down. but it's not just the price of bitcoin that is declining right now, the economic situation is unstable today

Of course it will, what is going to happen? Bitcoin going to zero and all others going to zero as well? I mean don't get me wrong there could be couple of coins that barely surviving thanks to their creators putting money into it constantly to keep the market alive that got killed during this period and they may not recover all that well. But there are thousands of coins, and I can promise you that hundreds of them will stay alive no matter what and will recover from it.

It may take some time, it may not be very quicky, but eventually we will recover from it. Otherwise what is the point of crypto if it will die from the first bad fall. We have dropped from 20k to all the way down to 3k and recovered from that and peaked around 14k, so there is no way we won't from this tiny fall either.

I like the article in the opening post, it's very positive. Although it is very positive but if it is not included with the proof it will be
just be a theory. Broadly speaking the article has the same view as me that crypto will soon recover in the near future, after
experiencing a significant price decline. Because I am very confident about the future of cryptocurrency that is very bright, so
whatever the price of cryptocurrency goes down. The price will definitely rise again, so I never hesitate to invest in cryptocurrency.

Maximize and make the nost out of every situation, even though we are in a crisis now and crypto market has experienced dumps in the past couple of weeks still the market still tells us that it will recover soon, investing more now in top crypto is the best move you can do now, the halving is gonna happen soon so there is no better action to do than investing. The virus has affected alnost every field in the world but always bear in mind that this will end and every market and economy will recover.

We would like to see more improvement on the crypto market, especially on bitcoin which until now just stays at $6K level.
The price increase is expected as the halving is approaching and I think even this covid-19 pandemic will not be able to stop us, so always be positive.

Also, although our economy now is getting worse but there's always an end for this.

I hope things get better for you and everyone around the world. Especially daily wage workers worst hit by this lockdown.

Yes i agree until this pandemic isn't over markets are uncertain people need food and other necessary groceries to meet everyday needs.
Before this crisis things were positive for crypto as no.of bitcoin wallets were at all time high. Ethereum defi ecosystem was growing and everyone was looking forward to the next bull-run which many believe will start near btc halving event. But now everyone is unsure.

Covid-19 will last until the vaccine is available, but I think it will take a lot of time to research because there is not much information to date. I am currently unemployed because my main job is postponed and this is really the most difficult time in my life. Anyway, I still make a profit in this market and hope things will soon return to normal because I feel very tired in recent times.

There’s still a panic in the market and yes, the virus are still here and infecting many people around the world. You need a little more patience and big trust to cryptocurrency because it takes time before the real recovery and I’m sure it will happen after the halving. Let’s all pray for the vaccine, and hope that the virus will end now, the market will recover after this sudden dump.

Slowly the market returns (especially Bitcoin) and I think it's very positive. The spread of the Corona virus makes many people feel scared and they are still a lot of money that melt From Crypto. From that article I agree on Crypto will recover again. In addition, now the Government's encouragement relating to work from home (WFH) will also increase the trading activity of Crypto assets. The price reduction of Crypto assets is the best moment to re-invest.

This is not a new dip that we are seeing for the first time, right? Dip and bull both are well-known terms in the crypto market. We are seeing the dip market, so, the bull market is waiting to come! After every dip, up is confirmed, it takes time, that's it! So, the crypto market will recover, I can ensure you! The March month was full of volatility, we know the reason, the whole world is suffering for the same reason! So, wait for the coronavirus ends, I am praying to have a medicine that will cure people of this killing disease, and after that everything will be alright!

I sure know that at the end of this covid-19 challenge, we are going to see massive growth in bitcoin price because people are going to start investing again. I believe that in two months time, this covid-19 could become a thing of the past and halving will have major impact.