Be Prepared for the big dump

[tervel]

Although institutional money is now heavily invested in Bitcoin, traders should remain cautious. We could see Bitcoin experience several correction periods just like it happened before.

[Blue_sea]

We should know that every one or two years later big dump can be happen in crypto currency.  As we have seen before so what should you do, you will know better. If you have good sets of plans on both long and short term investment, you'll be able to sort things out. Never to allow yourself to decide without thinking twice, you'll have to keep your patience in the right place, it will help you to keep what assets to hold and what is needed to let go and to move forward.

[Jaguar]

For me, we should prepare for the next big pump. Correction already happen. Maybe this May is the month for big altcoins bullish. Dump and pump is normal cycle in cryptocurrency not surprising if we experience sudden dump and later eventually increase. Anyways, preparations whether crypto is uptrend or downtrend is needed.

[Chiblex]

For me, we should prepare for the next big pump. Correction already happen. Maybe this May is the month for big altcoins bullish. Dump and pump is normal cycle in cryptocurrency not surprising if we experience sudden dump and later eventually increase. Anyways, preparations whether crypto is uptrend or downtrend is needed.

That's just a correction, we haven't seen a big pump happen, even ethereum just pumped, we'll see after ethereum reaches a new ATH and we'll see where all the coins are going... Q2 is where we'll see the movement of the coins, myself more choose all the coins to go up, but if it is like that the money will not move...

[Azharul]

We know that cryptocurrency market is alowes depend on pump or dump. Because we know that it's the simple mater for cryptocurrency market.If we noticed that sometimes it will be down but sometimes it will be very high position. Basically we can not surely understand what happened in cryptocurrency market alowes. Although we can see that bitcoin price is increasing day by day,so if we invest bitcoin in cryptocurrency market I believed that it will be able to succeed.So I told that if we understand about cryptocurrency market and invest crypto market,I believed that I will be successful quickly.At least I told that if we understand the cryptocurrency market it's doesn't any matter for us.

[tonymillions84]

The dump of 1999 and 2020 will never happen again. with the huge funds moving into crypto. we will never see bitcoin go below 30 to 40usd again. we might see the market dump below 2 trillion but i doubt if we will ever see the crypto market tank below the average marketcap we experience back in those days.

[Freemind]

I do not understand the need to talk about big dumps when the market is in a good time. Money continues to enter global capitalization, various coins/tokens are reaching new ATHs, global capitalization is also getting more money than ever... Where is that big dump?. Because I don't know if we will see it this year.

[Hasan986]

I don't think BTC will dump big. BTC is currently in the hands of many big companies. To dump the BTC, Elon pushes himself up again. BTC will not let you down very easily. These companies, Who have billions of money invested. Their announcement will nurture it.

[Rafiq]

I do not understand the need to talk about big dumps when the market is in a good time. Money continues to enter global capitalization, various coins/tokens are reaching new ATHs, global capitalization is also getting more money than ever... Where is that big dump?. Because I don't know if we will see it this year.

I think there should be more discussion about dumps only when the market is good, so we don't invest too recklessly. Dump and pump is the normal process in crypto; As the crypto market is currently bullish, we as investors should be mentally prepared for the big dump. However, at present institutional money is being invested heavily in other cryptocurrencies, including Bitcoin, so I believe that there will not be a big dump in crypto like in 2018-2019.

[Freemind]

I think there should be more discussion about dumps only when the market is good, so we don't invest too recklessly. Dump and pump is the normal process in crypto; As the crypto market is currently bullish, we as investors should be mentally prepared for the big dump. However, at present institutional money is being invested heavily in other cryptocurrencies, including Bitcoin, so I believe that there will not be a big dump in crypto like in 2018-2019.

I fully agree with you in what you have said, and part of your answer will also be mine. As investors we must be mentally prepared, and it is true. We must be mentally prepared and know when the market will fall, but we must not see ghosts where there are none, that would play a trick on us psychologically and would not let us see the forest behind the trees.

[nicecrypto]

I believe that this should be expected in the market and be ready to trade it either way but it is only people that dont want to believe that a market is two ways, ups and downs that would believe that it is not going to come.

[tvplus006]

I do not understand the need to talk about big dumps when the market is in a good time. Money continues to enter global capitalization, various coins/tokens are reaching new ATHs, global capitalization is also getting more money than ever... Where is that big dump?. Because I don't know if we will see it this year.

A coin dump can happen at any time if investors see that Bitcoin cannot exceed its ATH and start selling it. And then, if the price of BTC decreases by 20-30%, the price of altcoins will decrease by 50-70%.

[Jaguar]

I believe that this should be expected in the market and be ready to trade it either way but it is only people that dont want to believe that a market is two ways, ups and downs that would believe that it is not going to come.

To accept the fact is individual. If there is someone don't believe the up trend and down trend flow. They will accept it soon once they are in the situation. Hard to believe without experience. That's crypto life changing.

[Freemind]

A coin dump can happen at any time if investors see that Bitcoin cannot exceed its ATH and start selling it. And then, if the price of BTC decreases by 20-30%, the price of altcoins will decrease by 50-70%.

Thanks for the info, but I already know how things work. All I'm saying is that this has NOT happened yet. If we live in continuous fear, we will do anything but we will not live, what we must do is observe the market to be prepared, not think that tomorrow the planet is going to explode. I see the forest, not the tree.

[mr.Robot]

Hi guys, from the title i said be prepared for the big dump of the market and why im saying that ? because first, we all know that all altcoins without any exceptions are affected by bitcoin price, and i will tell you to open trading view, go to bitcoin chart and choose the monthly chart and you will see something will freak the hell of you, a big tall candles without any red candles and all indicators are showing an overbought sign so i believe we will see a very big dump soon..

what do you think?

I was also following some articles for last some days and many of them were trying to say that there have a possibility of a dump of BTC.



Here a quote below from one of those articles:

Code: [Select]

The situation went noticeable on the market on April 16, when there were several reports about Chinese mining pools going down by over 20%. These reports caused a slippage of Bitcoin price down by 2.89% on April 16 and by 2.17% on April 17, until there was a panic sell of BTC on April 18, causing Bitcoin to plummet by %6.43 even though the hashrate was slightly resoterd. Bitcoin dropped from $64 000 to $52 000, resulting in a $4.87b long liquidations, but soon was able to regain some of the losses intraday.

Note: not a financial advice, take any steps by doing your own research.