Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Jaephoenix on April 18, 2021, 12:16:39 PM
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The crypto market experienced a huge dip, with the charts bearing gifts of red candles for many of us, and about 10 billion wiped out of the market. Binance obviously had the lions share of the clean up with 90%.
I think the cause of the dip is an unconfirmed tweet stating SEC is investigating many projects. https://twitter.com/Fxhedgers/status/1383611847144730626?s=19
Was I right and whats your take?
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Let me say FUD. Where are the sources that confirm that the SEC is going to do what is said in that Tweet?. I've been looking for a few hours and I can't find any news that confirms that measure by the SEC, so I don't think anyone should trust a simple Tweet, until there is a solid confirmation this is FUD.
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I don't think the tweet is a problem, it doesn't attach any data or any trustworthy source. I think this correction comes from the problem with the Bitcoin mining network in China, leading to the decline of the whole market.
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The decline is sure to happen, but I believe it will not last long, just need to be patient to look forward to the revival of crypto again. Don't be too stressed about this kind of decline.
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Think the above beat me to it, total FUD...need more information
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i mad a topic two day ago warning people from this trap and to be in a hope situation for a long time is risky but lot of members said that they didnt care about it because they thought bitcoin will reach 100k $ without any kind of correction and that was a mistake,lets see.
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The crypto market experienced a huge dip, with the charts bearing gifts of red candles for many of us, and about 10 billion wiped out of the market. Binance obviously had the lions share of the clean up with 90%.
I think the cause of the dip is an unconfirmed tweet stating SEC is investigating many projects. https://twitter.com/Fxhedgers/status/1383611847144730626?s=19
Was I right and whats your take?
200 Billions bro.
The sell-off was triggered by rumors that the US Treasury Department could step up action against the use of cryptocurrencies for money laundering, thats right, this is almost an official statement, so to speak, not only by twitter.
But I would only book 5% for it, I would ascribe the other 5-15% to leverage trading and the rest is FUD.
i mad a topic two day ago warning people from this trap and to be in a hope situation for a long time is risky but lot of members said that they didnt care about it because they thought bitcoin will reach 100k $ without any kind of correction and that was a mistake,lets see.
What trap? The bubble? The market just reacted irrationally, that wasn't even the expected correction that should come at some point. Of course you can write warnings after such a brilliant bull run, you don't do anything bad either, but all signals indicate that the bull run is not over yet. But still +1 for warning us ;)
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This is a FUD and mostly responsible behind the recent big dump. Many people get panicked for this news and sell their crypto which made the market red. Mostly new people fall under this types of FUDs no one shoul believe such a big news without any stron evidence and confirmation.
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The crypto market experienced a huge dip, with the charts bearing gifts of red candles for many of us, and about 10 billion wiped out of the market. Binance obviously had the lions share of the clean up with 90%.
I think the cause of the dip is an unconfirmed tweet stating SEC is investigating many projects. https://twitter.com/Fxhedgers/status/1383611847144730626?s=19
Was I right and whats your take?
Of course, I buy more tokens now. I think hug dip now and we will see big pump soon. So, I think It is the right time to buy. There are several potential coin that I bought. I believe it's just correction before the bullish. That's just my opinion.
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The media has variously assessed the reason for today's essential fall in the cryptocurrency market.
Some write that the fall in bitcoin occurred after rumors appeared that the US Treasury intended to take harsh measures against financial institutions for money laundering using cryptocurrencies.
Others wrote that the sharp drop in the bitcoin rate was triggered by the imposition of US sanctions against 28 cryptocurrency bitcoin addresses, which are accused of involvement in meddling in last year's presidential election.
We are unlikely to know the exact reason. Each of them could partially affect the current state of the market.
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In my opinion, I don't think every price dip or dump is associated with any form of news from the social media platform. The market has experienced several dip, dump, corrections this year and it must have been for one reason or another. This situation is part of the crypto market trends and shouldn't be seen as the clamp down by SEC for certain offences or the others. However, there are many reason for the market going dip, and one of these reasons is a sell off or profit taking periods.
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I think that this failure will not last long and soon the exchange rate will come back, I still do not understand what caused the fall in the whole market
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I think the decline that is happening right now is not a big dip, but just an ordinary thing. which the market will definitely recover soon. I'm sure 2021 will be very different from the previous year. because the trend has changed.
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The crypto market experienced a huge dip, with the charts bearing gifts of red candles for many of us, and about 10 billion wiped out of the market. Binance obviously had the lions share of the clean up with 90%.
I think the cause of the dip is an unconfirmed tweet stating SEC is investigating many projects. https://twitter.com/Fxhedgers/status/1383611847144730626?s=19
Was I right and whats your take?
The as stated in Twitter was obviously for me is just a piece of Fake news or FUD.
It is only a caption actually but no definite source link where the SEC really saying it. Where did you get this
information anyway mate? can provide us here the link for this one? thanks :)
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No big dip, the correct word is correction. People who freak out every time the market receives a correction should learn more about how it works, they shouldn't start running around in circles yelling that there's a big slump because someone has made a pointless Tweet. The corrections are good and necessary, do not believe the first thing you read out there, you must contrast the information.
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For me, it wasn't a big dip but just a minor correction, I was watching the market yesterday before going to sleep, as I woke up this morning, I saw that the market has already rebounded, so the dip wasn't due to any tweet without a source, but just a small correction, even bnb that went down below $500 usd has already risen above $500 usd as I type, so the tweet has nothing to do with the reaction of the market yesterday.
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It could be that's the reason why the market face a big dump but I still believe the market will recover again. It's an opportunity to buy a cheap prices you know.. so the market will recover for sure.
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No big dip, the correct word is correction. People who freak out every time the market receives a correction should learn more about how it works, they shouldn't start running around in circles yelling that there's a big slump because someone has made a pointless Tweet. The corrections are good and necessary, do not believe the first thing you read out there, you must contrast the information.
I don't think its a correction. This is a massive reaction to the unconfirmed SEC report and the power outage experienced in China which caused a drop in bitcoin hash rate. Anyway I may be wrong though
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I don't think its a correction. This is a massive reaction to the unconfirmed SEC report and the power outage experienced in China which caused a drop in bitcoin hash rate. Anyway I may be wrong though
Bitcoin is at $56,421.74 and the global capitalization at $2,058,232,491,632, I don't know where you can see that massive reaction or that big dump. Logically I too can be wrong, but so far the market has not reacted as negatively as we can read in some headlines. The next few hours are crucial to clear up doubts.
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I don't think its a correction. This is a massive reaction to the unconfirmed SEC report and the power outage experienced in China which caused a drop in bitcoin hash rate. Anyway I may be wrong though
Bitcoin is at $56,421.74 and the global capitalization at $2,058,232,491,632, I don't know where you can see that massive reaction or that big dump. Logically I too can be wrong, but so far the market has not reacted as negatively as we can read in some headlines. The next few hours are crucial to clear up doubts.
Bitcoin is growing up again mate, I don't believe it is massive reaction or big dump. I agree with you, it's just correction . I think bitcoin will bounce back again and touch 60K USD soon. There are negative issue, but I believe this year will be crypto year.
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Its not a big deal we have seen it many times big dips. Yes, last 2 days were huge red for the crypto market and today we see some recovery obviously I would say its a fud. I did not see any official news regarding this. I believe whales trying to buy the dip. We should not worried about the dip we should hold tight its just a matter of time. The market will back with a bang. If there is something negative about the cryptos it won't affect the market for long I believe soon we will see the green market again.
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Everything happening now is just a normal thing for the cryptocurrency market. After so many dramatic jumps we have seen with many popular and not-so-popular digital assets, we are now seeing a good rate of correction. A correction is always taken as healthy in this market which is actually already heating...maybe the market is taking some relaxation steps in preparation for much bigger pumps later. And a dip is always a big opportunity, so it is time to splurge and buy more...that is if you still have the funds, and you are fearless enough.
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Don't worry about things like that, cryptocurrency has a blockchain that is transparent and can be tracked by everyone, the SEC can do an audit if it feels wrong, I think this is just a small problem, money laundering existed before cryptocurrency existed and don't panic when you see a tweet like that.
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Don't worry about things like that, cryptocurrency has a blockchain that is transparent and can be tracked by everyone, the SEC can do an audit if it feels wrong, I think this is just a small problem, money laundering existed before cryptocurrency existed and don't panic when you see a tweet like that.
I can’t be calm because of this news, I lost $ 150 and I can’t recover, then I didn’t have time. I don’t know which one to invest in to get my money back.
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Not all coins have decreased. all you need to do is wait for the coins that fell to go back up. and play with coins that are not falling. just like this. So that you don't get too stressed about the dip.
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Although the price drop in the cryptocurrency market has been decent, the price of bitcoin has dropped from over $ 62,000 to $ 54,000, but this is quite normal for the cryptocurrency market. The cryptocurrency will not only rise in price, but also fall sharply. Sometimes we cannot even find an objective reason for such a fall. In this case, there is no direct such reason either, although many probable reasons are given.
With a significant growth in the market, you should always take into account that prices may fall much deeper than the current decline. Therefore, investing in cryptocurrency should always be reasonable, we must periodically fix our profits, otherwise we can be just outside observers of its growth and fall.
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I don't think its a correction. This is a massive reaction to the unconfirmed SEC report and the power outage experienced in China which caused a drop in bitcoin hash rate. Anyway I may be wrong though
Bitcoin is at $56,421.74 and the global capitalization at $2,058,232,491,632, I don't know where you can see that massive reaction or that big dump. Logically I too can be wrong, but so far the market has not reacted as negatively as we can read in some headlines. The next few hours are crucial to clear up doubts.
Yeah, okay. It may be a correction, but how come its coinciding with the unconfirmed tweet and the bitcoin mining power outage in China? It may have coincided. But bitcoin hasn't recovered yet
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Yeah, okay. It may be a correction, but how come its coinciding with the unconfirmed tweet and the bitcoin mining power outage in China? It may have coincided. But bitcoin hasn't recovered yet
The blackouts that have occurred in China may be part of the reason, it depends on the hash rate that has been concentrated there, but the tweet without any source to confirm it does not, that's just FUD. And that Bitcoin has not recovered, as you say, is normal, corrections can be large or small, they are not defined by anything or anyone.
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Yeah, okay. It may be a correction, but how come its coinciding with the unconfirmed tweet and the bitcoin mining power outage in China? It may have coincided. But bitcoin hasn't recovered yet
The blackouts that have occurred in China may be part of the reason, it depends on the hash rate that has been concentrated there, but the tweet without any source to confirm it does not, that's just FUD. And that Bitcoin has not recovered, as you say, is normal, corrections can be large or small, they are not defined by anything or anyone.
I am sure the blackout must have have restored now thus allowing miners back to work resulting to the end of dip in the price of Bitcoin, taking a look at BTC/USD daily timeframe is indicating an exhaustion on the candlestick patterns formed yesterday and today a signal that the bulls are ready to take over the market and signalling the end of the dip bullish runs is already at sight.
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Let me say FUD. Where are the sources that confirm that the SEC is going to do what is said in that Tweet?. I've been looking for a few hours and I can't find any news that confirms that measure by the SEC, so I don't think anyone should trust a simple Tweet, until there is a solid confirmation this is FUD.
you're right, it's a kind of FUD.
at this time I was also looking for the truth about it but I did not find anything. and from the tweet above I can't open it, maybe it has been deleted due to many people's reports.
for me any news out there discrediting crypto, I wouldn't believe it. because all those people who want to destroy cryptocurrency. there's been a lot of this kind of news, but i never believed it
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Let me say FUD. Where are the sources that confirm that the SEC is going to do what is said in that Tweet?. I've been looking for a few hours and I can't find any news that confirms that measure by the SEC, so I don't think anyone should trust a simple Tweet, until there is a solid confirmation this is FUD.
you're right, it's a kind of FUD.
at this time I was also looking for the truth about it but I did not find anything. and from the tweet above I can't open it, maybe it has been deleted due to many people's reports.
for me any news out there discrediting crypto, I wouldn't believe it. because all those people who want to destroy cryptocurrency. there's been a lot of this kind of news, but i never believed it
Keep calm mate, It's just FUD. I think big dip will never happen, it's just corrections. Before bitcoin reach the new ATH , I think we will see the FUD . But That's not problem..I think.. Correction is always happen. No worries
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Let me say FUD. Where are the sources that confirm that the SEC is going to do what is said in that Tweet?. I've been looking for a few hours and I can't find any news that confirms that measure by the SEC, so I don't think anyone should trust a simple Tweet, until there is a solid confirmation this is FUD.
you're right, it's a kind of FUD.
at this time I was also looking for the truth about it but I did not find anything. and from the tweet above I can't open it, maybe it has been deleted due to many people's reports.
for me any news out there discrediting crypto, I wouldn't believe it. because all those people who want to destroy cryptocurrency. there's been a lot of this kind of news, but i never believed it
Mate, you may be surprised that unconfirmed tweet was sent by a crypto investor who wants a dip(knowing that crypto would always bounce back) so that he can fill his bags too. Who knows
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What that tweet has tried to do is simple and old, makes people panic and sell, that way he can buy cheap, it's nothing new. I think people should try to contrast the news instead of believing the first thing they read or someone says to them, it is not only a way to avoid being cheated, it is also a great way to learn.
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The current dip is a normal thing that we all know, if we say it was caused by the SEC, what will we say when the reverse starts. The current situation might stay for some days or weeks and the up trend will continue, I don't really think this will last for a long time. Maybe the tweet wants to create room for FOMO or probably make the new crypto enthusiasts to dump their coins or a false news that will make holders to dump their holding so they won't lose everything.
The price of the market will correct soon and red candles rampaging the graph and market will be lost. This year has made a new peak and I'm sure it still has more things to bring forth.
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What that tweet has tried to do is simple and old, makes people panic and sell, that way he can buy cheap, it's nothing new. I think people should try to contrast the news instead of believing the first thing they read or someone says to them, it is not only a way to avoid being cheated, it is also a great way to learn.
that's true, It's just conspiracy..I think it's just fud. We must be calm and wait the market response. Dip is normal, why the people said will big dip. I agree with you, they will buy more while panic selling
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Don't worry about things like that, cryptocurrency has a blockchain that is transparent and can be tracked by everyone, the SEC can do an audit if it feels wrong, I think this is just a small problem, money laundering existed before cryptocurrency existed and don't panic when you see a tweet like that.
I can’t be calm because of this news, I lost $ 150 and I can’t recover, then I didn’t have time. I don’t know which one to invest in to get my money back.
If I were in your position, maybe I would be worried about the decline in coin prices at that time, but if you have a lot of time, you can take advantage of the bearish market situation, of course this is not investment advice, but if you look at the top altcoin prices on April 21, all of them green and I made a profit of $ 60.
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that's true, It's just conspiracy..I think it's just fud. We must be calm and wait the market response. Dip is normal, why the people said will big dip. I agree with you, they will buy more while panic selling
Of course it is FUD. Someone tweeted that the SEC is going to charge exchanges a percentage for something and everyone goes crazy. Has the SEC officially said anything? No. Has anyone officially said anything?. No. So that tweet has no value and no solid foundation, it's just someone who wants to buy cheap.
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I've used this current price drop to buy some Bitcoins. It will be a test or experiment. I'm not going to hold it for a long time, and will be happy to sell them when the price returns to $60k+.
Consider this deep as an opportunity.
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I don't think the tweet is a problem. It doesn't link to any data or any reliable source. As a result, the whole market seems to fall.
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I don't think the tweet is a problem. It doesn't link to any data or any reliable source. As a result, the whole market seems to fall.
At the moment it does not seem like a big drop (at least to me) but rather a correction, anyway there are several quite strong resistance points for Bitcoin. As for altcoins, I'm still not sure, Ethereum, for example, is holding up very well and some more, but few. We will see how the next few hours pass.
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Yes thats happen may be it will dump more I think it will dump to 43k i say some news about it I think we need to be careful more dump will come it will be stable at 43k after that it will pump huge to 80k easily in 1 to 2 moths for that invest in dip wait for it convert your coin to usdt.
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The price decline in the cryptocurrency market is bound to happen. It has become the law of the market, there is an increase, there is a decrease. I believe this decline will not last long. And it's time to buy and hold it for a while until the market gets back on its feet.
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The price decline in the cryptocurrency market is bound to happen. It has become the law of the market, there is an increase, there is a decrease. I believe this decline will not last long. And it's time to buy and hold it for a while until the market gets back on its feet.
It looks like the market is trying to recover, Bitcoin is touching $50,000 again, and global capitalization is increasing. I do not know how far this "recovery" will go, but as long as it continues to increase we would not have to worry. At least Ethereum fees are now very low, which is a relief for the users.
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The price decline in the cryptocurrency market is bound to happen. It has become the law of the market, there is an increase, there is a decrease. I believe this decline will not last long. And it's time to buy and hold it for a while until the market gets back on its feet.
It looks like the market is trying to recover, Bitcoin is touching $50,000 again, and global capitalization is increasing. I do not know how far this "recovery" will go, but as long as it continues to increase we would not have to worry. At least Ethereum fees are now very low, which is a relief for the users.
I think It's just correction before bitcoin will touch 60-80K USD . It just normal. I see bitcoin is recovering again and has touched 50K USD again. Current bitcoin price is 49 K USD , but It seems will soar soon.
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Most likely, Biden's intentions to increase taxes for rich people greatly influenced the rates of cryptocurrencies. Recently, there has been a lot of information that all rich people, including officials, have cryptocurrencies in their declarations.
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This is a really big dip, where the price of Bitcoin and also all altcoins are dropped so significantly. The way to rise up again of course needs several periods, certainly. I am not feeling so panic. But of course, when seeing my portfolio drops more than 20% really makes me sad. But no worry, the bullish market is still ongoing, keep it up
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There are lots of stories and news when the price of Bitcoin and altcoin continues to rise, some members of the government and financial institutions always want to give the best for their citizens, cryptocurrency is very transparent and I think we've been through some bad news in 2018, I'm sure investors won't panic about it. this situation and they'll keep the coins they have
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The cryptocurrency market is bound to fall in price. It has become the law of the market, an increase, a decrease. I'm sure this fall won't last long. And it's time to buy and stop for a while until the market is back on its feet.
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when the market is down we can buy coins and hold them until the price goes up again. coins that have good prospects in the future will be profitable for holders who are patient and not panic. that period will surely come where the crypto price will rise again
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There was just a correction of the cryptocurrency market and nothing can be done about it, but the most important thing is that the cryptocurrency market is growing again and this is very good, so it is possible that soon various cryptocurrencies will again begin to reach new heights, so we should closely monitor the cryptocurrency market.
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There was just a correction of the cryptocurrency market and nothing can be done about it, but the most important thing is that the cryptocurrency market is growing again and this is very good, so it is possible that soon various cryptocurrencies will again begin to reach new heights, so we should closely monitor the cryptocurrency market.
True, I would say about 28% correction isnt bad for the market after a long time of upward movement.
(https://i.imgur.com/BNyff1k.jpg)
It also look like the price is rebounding back and in overall, this corrections are or should be expected in the market some times.
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The crypto market experienced a huge dip, with the charts bearing gifts of red candles for many of us, and about 10 billion wiped out of the market. Binance obviously had the lions share of the clean up with 90%.
I think the cause of the dip is an unconfirmed tweet stating SEC is investigating many projects. https://twitter.com/Fxhedgers/status/1383611847144730626?s=19
Was I right and whats your take?
This information is a fraction of the price decline that occurred during 1 week, I can't assume the price will go up to the support level $55k = 1 Bitcoin, but we can see the crypto market has moved up and altcoins started showing bullish in early May, expect altcoins to hit a new ATH before the ethereum Fork occurs in July
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The crypto market experienced a huge dip, with the charts bearing gifts of red candles for many of us, and about 10 billion wiped out of the market. Binance obviously had the lion's share of the clean-up with 90%.
I think the cause of the dip is an unconfirmed tweet stating SEC is investigating many projects. https://twitter.com/Fxhedgers/status/1383611847144730626?s=19
Was I right and what's your take?
For me Tweet is not a valid source for us to be an update on what SEC will gonna do, We all know that the majority posted in the Twitter public is accurate or precise. Though we are really facing a dip now in the market, I think it's time for us to choose the best altcoins to buy then hold in the long term.
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There are many possible reasons that could have led to the fall in prices in the cryptocurrency market on April 18. However, in any case, what happened can be considered another correction, since prices are quickly recovering. Ethereum is priced at $ 2,637 today, close to its previous price record. Some other altcoins have reached almost the same price values. True, bitcoin itself is now lagging behind in price growth. So far, its price is just over $ 55,000 and in this regard, its dominance in the market has dropped to 49.4 percent. However, there are no apparent reasons for the further fall of the market, most likely that it will continue to grow.
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Bitcoin prices have been up and down over the last few months as governments and regulators hone in on the sector amid rising demand. Bitcoin plunged after the Central Bank of Turkey banned the use of cryptocurrencies and other digital assets for payments.
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Never be hopeless in cryptocurrency bad time came good time will come very soon so be prepared for recover .
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Everything also needs a process to ensure all cryptocurrency dumps.
There are various factors to the Dump cryptocurrency and I can assure you that all of them will be very simple if we have that experience.
I hope things will be very difficult if we continue to think negatively about Dump, so relax guys and let the water flow by itself.
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Really I think the decline that is happening right now is not a big dip, but just an ordinary thing. which the market will definitely recover soon. I'm sure 2021 will be very different from the previous year. because the trend has changed. I think it's time for us to choose the best altcoins to buy then hold in the long term.
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At a high possibility, big dip is over now maybe. But I don't know because right now, market is looking very weak. When all coins don't go up steadily, a dip can still occur any time.
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I don't think it has to do with the tweet. I think it was because president biden said to propose almost doubling the capital-gain tax for the wealthy. Though I have been expecting this fall in price.
Not just because Biden was planning to increase tax for the wealthy but because the US government has a way of always wanting to regulate prices.
The cryptocurrency market has been bullish for quite sometime and this is a way to regulate prices and gains in the market.
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I don't think it has to do with the tweet. I think it was because president biden said to propose almost doubling the capital-gain tax for the wealthy. Though I have been expecting this fall in price.
Not just because Biden was planning to increase tax for the wealthy but because the US government has a way of always wanting to regulate prices.
The cryptocurrency market has been bullish for quite sometime and this is a way to regulate prices and gains in the market.
But has Biden or anyone in your administration said that these taxes will apply to any kind of profit made through investing or is it just for the traditional investment market?. I ask because so far I have not found information about it and I think the difference would be very big in terms of money if it were applied to all markets and investment modes.
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I don't think it has to do with the tweet. I think it was because president biden said to propose almost doubling the capital-gain tax for the wealthy. Though I have been expecting this fall in price.
Not just because Biden was planning to increase tax for the wealthy but because the US government has a way of always wanting to regulate prices.
The cryptocurrency market has been bullish for quite sometime and this is a way to regulate prices and gains in the market.
But has Biden or anyone in your administration said that these taxes will apply to any kind of profit made through investing or is it just for the traditional investment market?. I ask because so far I have not found information about it and I think the difference would be very big in terms of money if it were applied to all markets and investment modes.
The fact is that so far not a single country has real legislation that would regulate the taxation of cryptocurrency assets. Based on this, rich people begin to invest a significant part of their profits in cryptocurrency, while only declaring these assets, but in fact they are not taxed. But what Biden meant we will see later.
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I don't really believe the news, because news tends to lead to public opinion, I trust the bitcoin chart more,
and as you know, the condition of the bitcoin chart is overbought, and it is very natural if bitcoin was corrected in last April,
now bitcoin has tried to recover and will continue its bullish trend.
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In one way we think market will dump more but it just small dump about 4k bitcoin dump to 53k again it pump to 55k don't be panic Let's open our eyes and mind to research there are coins far better than Bitcoin, Doge,Eth, and so on. Invest on them to make huge cash out am also holding my coins I will not sell them in panic I will hold them for 1year hold is gold.
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I don't think it has to do with the tweet. I think it was because president biden said to propose almost doubling the capital-gain tax for the wealthy. Though I have been expecting this fall in price.
Not just because Biden was planning to increase tax for the wealthy but because the US government has a way of always wanting to regulate prices.
The cryptocurrency market has been bullish for quite sometime and this is a way to regulate prices and gains in the market.
But has Biden or anyone in your administration said that these taxes will apply to any kind of profit made through investing or is it just for the traditional investment market?. I ask because so far I have not found information about it and I think the difference would be very big in terms of money if it were applied to all markets and investment modes.
The fact is that so far not a single country has real legislation that would regulate the taxation of cryptocurrency assets. Based on this, rich people begin to invest a significant part of their profits in cryptocurrency, while only declaring these assets, but in fact they are not taxed. But what Biden meant we will see later.
Yeah I think this is a more plausible and reliable explanation. The US have a huge crypto followership, so the Biden tax thing is going to hamper crypto investments by American whales
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Everytime the Bitcoin price drops, altcoins'prices wil be awlays following dropped, several times drops than dip. This is normal enough as we know the rules of cryptocurrency.However, we may not be panic about that because as long as it is a small dip, it is nromal and will be back again to the icnreasing price. That is why never panic and stay calm with the price.
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I think that this failure will not last long and soon the exchange rate will come back, I still do not understand what caused the fall in the whole market
if I'm not wrong most of the time when the market diply crashed. It is about the fear uncertainties and doubt. We can take a look some time the correction relation after the market is continues in rising. Correction, bear season, and fear uncertainty and doubt are some possible factors when there is crash.
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I think that this failure will not last long and soon the exchange rate will come back, I still do not understand what caused the fall in the whole market
if I'm not wrong most of the time when the market diply crashed. It is about the fear uncertainties and doubt. We can take a look some time the correction relation after the market is continues in rising. Correction, bear season, and fear uncertainty and doubt are some possible factors when there is crash.
If you look at the cryptocurrency market from the outside, it is impossible not to notice that this year the prices for a potential cryptocurrency have increased many times. In general, this is good for the participants in this market. However, new investors should invest in the same amount of cryptocurrencies, now several times more of their money, and of course, they will feel uncomfortable at the sight of a periodic market fall. In this regard, it seems to me that a further rise in prices in this market will not be as simple as it seemed before when we looked at various charts showing the further growth of the cryptocurrency market.
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The crypto market experienced a huge dip, with the charts bearing gifts of red candles for many of us, and about 10 billion wiped out of the market. Binance obviously had the lions share of the clean up with 90%.
I think the cause of the dip is an unconfirmed tweet stating SEC is investigating many projects. https://twitter.com/Fxhedgers/status/1383611847144730626?s=19
Was I right and whats your take?
Yes, I see crypto currency dips now, but It's just correction. I believe it will rise again soon..Because This think crypto will have good progress ta this year, So buy when dip and hold it. We will get big profit when bullish.
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I don't know where you see those dips. Some altcoins are going higher than ever (Doge is off the chart) and Bitcoin is only getting corrections, remember that Bitcoin's dominance has dropped a lot in recent weeks, this is why some altcoins are going so high, there is more money, but more distributed.
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I think that this failure will not last long and soon the exchange rate will come back, I still do not understand what caused the fall in the whole market
if I'm not wrong most of the time when the market diply crashed. It is about the fear uncertainties and doubt. We can take a look some time the correction relation after the market is continues in rising. Correction, bear season, and fear uncertainty and doubt are some possible factors when there is crash.
That is fundamentally wrong what you are saying. All of these things come after the crash. And correction remains correction
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The crypto market experienced a huge dip, with the charts bearing gifts of red candles for many of us, and about 10 billion wiped out of the market. Binance obviously had the lions share of the clean up with 90%.
I think the cause of the dip is an unconfirmed tweet stating SEC is investigating many projects. https://twitter.com/Fxhedgers/status/1383611847144730626?s=19
Was I right and whats your take?
Yes, I see crypto currency dips now, but It's just correction. I believe it will rise again soon..Because This think crypto will have good progress ta this year, So buy when dip and hold it. We will get big profit when bullish.
You need new glasses, bro 8)
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I've used this current price drop to buy some Bitcoins. It will be a test or experiment. I'm not going to hold it for a long time, and will be happy to sell them when the price returns to $60k+.
Consider this deep as an opportunity.
Your aim to hold for short term is wise choice because I have observed that the situation of market isn't like how it used be around early January.
This bull run wouldn't last long in my opinion, though some alcoins may dominate the market and steal the action of market trend.
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No matter how much it dips in the market, the coins and tokens are rebounding back stronger than ever. However, this is great news for those who want to buy back the coins or tokens at discounted prices. In other words, it's a "bloodbath sale".
But for now, it seems that Bitcoin is currently trading sideways while Ethereum, BNB, DOGE, etc., are mostly going up and rebounding when experiencing a slight decline. I don't mind about the big dip, because it will always rebound and may experience another bull run.
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Everytime the Bitcoin price drops, altcoins'prices wil be awlays following dropped, several times drops than dip. This is normal enough as we know the rules of cryptocurrency.However, we may not be panic about that because as long as it is a small dip, it is nromal and will be back again to the icnreasing price. That is why never panic and stay calm with the price.
As you can see, there's a new trend in crypto now. There is a bitcoin-altcoin decoupling due to investors jumping into alts like ethereum, stellar lumens, tron, bnd. This is quite a refreshing development
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In market that's natural, we can't avoid it but find the moment to take action. For me, opportunity to make money is bigger in crypto that's why strategy, money and psychology should in good mode never let news or signal disturb our focus. Let the news come and we predict what happen next depend data and realistic mind, do it and we can see that market is not enemy.