Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: tonymillions84 on June 23, 2021, 12:50:06 AM
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For me this is a lesson to newbies that has been riding the bull wave since 2010 December. we watch bitcoin move from 10,000 to 50,000 and newbies were attracted into the show. it is a game plan and it has always been this way.
My advice, always has a back up plan in the crypto market. it is volatile. expectation are high that market can change anytime. do not sell to whales. they are current buying now.
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In the end, just like some other industries, except if you bought your Bitcoin somewhere between 2010-2015, small holders can be the losers especially if one will panic and will not wait for the right time to sell one's holdings. Whales are already experienced people dealing with Bitcoin, they can already feel the market and once there is a dip they can easily move because they have many resources we don't have...and that's the reason they are accumulating right now in anticipation of the return of Bitcoin when new ATH can be achieved. In other words, never enter the market when things are so rosy because the peak can be an illusion as soon there is more likelihood of a big slide. And don't just follow anyone's advice of buying the dip not unless you have the money to back up your action as nobody can be sure where is the bottom.
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I only see one negative in the direction of bitcoin and this negative seems to me artificially created, in order to lower the price of bitcoin to the desired price, then we will see new ATH, and those who sold it now may regret it.
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As the Coronation period spread around the world, the economies of many countries were on the verge of collapse. However, the economies of many developed countries depend on the cryptocurrency market. The far-flung cryptocurrency industry is gaining popularity. Bitcoin is most in demand here. One developed country after another is approving bitcoin. As cryptocurrencies gain legitimacy, the demand for cryptocurrency industries around the world is increasing. I think every investment is great. However, cryptocurrency is expanding the most.
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Yes getting panicked is the reason of loss. But of the persons get panicked as it is very natural. But some people has really stron belief and experience they are not faint hearted and understand the condition. They make the maximum profit most of the time. To be not panicked i would lie to advise you take your capital back when you can and then grow with what you have got as profit.
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Right now there are a lot of sell orders on crypto exchanges, it is likely that we will see the market situation turn red and new traders will take some profit by buying low.
The whales will not put the coins they have on the exchange, they will store them in cold wallets and in anticipation of that, we can sound the alarm on every portfolio we have, so we can choose to sell it or hold it and stake, because all decisions always pay off, profit and loss.
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So far, it is only clear to me that we have practically no hope for a relatively quick recovery of the cryptocurrency market. The forecasts are not very bright yet. Bitcoin price is predicted to fall further down to $ 20,000. I remember that on this occasion the confidence was expressed earlier that such a fall could no longer be. From the current position, we can already agree that it can still be. Others say that if Bitcoin drops below $ 27,000, it could be a good push for a quick price recovery. So far, I see that during the summer we will see such a market, and only in the fall, starting from October, good growth is possible again.
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The state of the market, to put it mildly, is at the bottom, because the news background about cryptocurrency suggests that there will not be a huge pump in the near future, for example, mining has been banned in China, all miners are moving their mining farms to other countries in tons, Bitcoin is constantly falling, we observe hike calm for a long time ... Of course we'll see, I would like to be wrong.
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The fear and tensions in the Cryptocurrency market are actually causing the dump in the Cryptocurrency market because the newbies are afraid of loosing their investment I think that's why the newbie are selling following the the China news about crackdown on Bitcoin mining the country that's why those people who are selling think that the Cryptocurrency industry is going to close up.
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Personally I think that the current market is not in a bad position, it could be much better of course, but it could also be worse. I'm not worried about the short term, I'm not here to make $300 in a day, I'm here for the long term, so the rapid increases and decreases in global capitalization stopped scaring me many years ago. The market shakes like a hornet's nest, those who are afraid (weak hands) fly away, the rest of us resist.
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Unfortunately, the cryptocurrency market cannot constantly grow, and unfortunately, the correction of the cryptocurrency market has begun and I hope that this correction will not last for several years and I hope this correction will end this year, but for now we need to continue to monitor the cryptocurrency market because I think that there will be another market dump soon.
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Yeah, I agree that taking partial profits at range high can be good but personally I have seen that longterm holders are ultimate winners because price keeps growing so forget about short to mid term dumps and keep accumulating for big gains.
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Seriously from what have been noticing and from what have been seeing I believe lot's of people have been scared and they are selling there coins already most expecially the newbies because they believe market is still going to dump more and they have not hard this kind of experience before but I believe if it has been long you have been into cryptocurrency I believe you will know this is not the right time to sell but to buy.
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I only see one negative in the direction of bitcoin and this negative seems to me artificially created, in order to lower the price of bitcoin to the desired price, then we will see new ATH, and those who sold it now may regret it.
Right now, the whales are in accumulation stage, so the cheaper they can get, the better it would be for their wallets. Since they are buying more and more, the sentiment right now is getting bullish that soon Bitcoin can finally break the important $40K zone and maybe by next month we can have a new ATH again. Of course, this is just speculation and should not be taken as financial advice.
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Staking is my choice at this time, so I'm not worried about a decline that will occur, as long as I still hold the coin then I still have the opportunity to sell it at a high price.
I will not sell some of the altcoins I own if the market is down, Hodl is a good choice if we are planning to make long term investments
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The current state of the cryptocurrency market is good enough. Because the cryptocurrency market has begun to reform. But the fact is that it is difficult to say how long this market will be healthy again. I don't think this amendment will last for several years, it will end this year. But for now, all the work should be done in accordance with the market. The market is likely to fall again soon.
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What a lot of people don't understand, is that in the current market situation, with Bitcoin at $34,400 in the FUD that we are experiencing, it is a gift. When the FUD ends and mining pools are established in new countries (something some pools are already doing), the next bull run can be incredible, maybe even with ATH that we can't imagine right now.
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The people who bought at the early time of 2010 in fractions are even lucky and made profits over the years if they held from that time till the early time first quarters of the year. As at now, those who bought when the price was taking it's spark are those that are feeling the heat of the deep/correction happening to the market. The funny thing there is, no one knows when the correction will reverse to the next bull.
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As we see that the market is sinking and most of the projects have sunk very low, will there be a repeat of the crisis as it was before when the entire market sank very low. If such a state occurred from miners, due to a decrease in the amount of the commission for the transaction of the ether network, then there will be a further drop.
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TBH, current market is doing sideways movement as fuds and good news are spreading time to time. Also, china fud gives bear to push it down and bulls are trying their best to rebound from current correction market. But it needs few times to recover from this current condition as strong supports are now becoming strong resistance.
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Just don't panic and don't only follow any HYpe if you are going to be in the crypto world part. Moreover, if you are a newbie, it seems that we can take some percentages of the risks and also profits based on our own strategy. So far, being panic, greedy, and emotional become easy ways to lose. So, what out
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Crypto market has corrected deeply enough to be ready to rebound and grow again. If we open the H4 time frame, we will see that BTC price is moving according to the Wyckoff pattern perfectly. Spring point has been reached and we wait for BTC price to rise back to $60K. Hope ALTS members are still holding and have bought more crypto in the past week.
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Contrary to pessimistic forecasts, the market has not only stopped falling now, but has been growing quite well in recent days. Especially happy now is ethereum, which has now risen in price to $ 2103 and, having overcome the previous resistance level, opened the way to growth to $ 2600. Bitcoin climbed to $ 34,539, which is also good overall. I already thought that during the summer the situation for the better in this market is unlikely to change, but the market will become more optimistic.
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When Bitcoin hit $60,000 we say why I didn't buy when it was $30,000. When Bitcoin was $35,000 we say maybe it may crush even more. Newbies always panick during correction. Today the anticipation should be buying more the potential tokens that are still in down price. Because those token will increase in Bitcoin pump.
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When Bitcoin hit $60,000 we say why I didn't buy when it was $30,000. When Bitcoin was $35,000 we say maybe it may crush even more. Newbies always panick during correction. Today the anticipation should be buying more the potential tokens that are still in down price. Because those token will increase in Bitcoin pump.
Newbies just want quick money. Many of them believe that buying 1,000 Doges (for example) today will turn them into billionaires in a few days. The moment the price drops a bit, they think they have lost their investment and sell everything even at a loss. And that's something that a lot of people do, without trying to understand anything, just quick money.
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When Bitcoin hit $60,000 we say why I didn't buy when it was $30,000. When Bitcoin was $35,000 we say maybe it may crush even more. Newbies always panick during correction. Today the anticipation should be buying more the potential tokens that are still in down price. Because those token will increase in Bitcoin pump.
Newbies just want quick money. Many of them believe that buying 1,000 Doges (for example) today will turn them into billionaires in a few days. The moment the price drops a bit, they think they have lost their investment and sell everything even at a loss. And that's something that a lot of people do, without trying to understand anything, just quick money.
That is true. A lot of newbies are so excited to grab tokens and expect a short time to get x100 profit. Unfortunately, the world in crypto is upside-down which can make them fool and then surrender in losses. Newbies are determined but some didn't search the risk to avoid.
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That is true. A lot of newbies are so excited to grab tokens and expect a short time to get x100 profit. Unfortunately, the world in crypto is upside-down which can make them fool and then surrender in losses. Newbies are determined but some didn't search the risk to avoid.
People who want to invest seriously and learn how cryptocurrencies work are in this forum, for example, reading, asking, learning. There is a lot of information available to everyone on the net. Those who do not do that are those who lose their money in minutes or hours and then speak ill of cryptocurrencies, and there are many, but the truth is that I do not feel sorry for them.
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I personally directly advice, all newbies and my dear fellows in crypto ecosystem that doesn't know what is crypto investment world.
Do not try to invest if you don't understand.
Just invest what you can afford to lose.
Don't let your emotion drive your mind.
Let your mind drive your emotion. (Knowledge and not emotions)
Have a good life.
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I think that in the coming months, one should not expect an update of historical highs, although the bitcoin rate will change in a small range with a lower border at the level of $ 30 thousand.
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In my opinion, we entered a tough bear market and maybe into crypto winter, which will last a very long time, but I really don't want this, there are no harbingers that there will be a bull market, there are no projects or HYIPs around cryptocurrency, a ban on mining has been issued in China, not good news.
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I think that in the coming months, one should not expect an update of historical highs, although the bitcoin rate will change in a small range with a lower border at the level of $ 30 thousand.
There are incredible growth that may happen to pump the entire Cryptocurrencies market by a single Bitcoin blow. I didn't expect so much but we can figure it in a couple of months if there will have pump that might happen. The important we didn't get out in crypto despite of Bitcoin is struggling.
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Lol. How csn you say one shouldn’t sell to whales? They are the ones that would pay good money for a token or coin
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Lol. How csn you say one shouldn’t sell to whales? They are the ones that would pay good money for a token or coin
Whales are potential to manipulate the market. They can play the price to increase their assets. They are also the main big holders that can instantly dump the increasing of price momentum. They eat the tokens of small fishes.
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I think the whales are also having a fare share of the fluctuations even with their coin/tokeb portfolios. It is not always certain that any time whales try to pump BTC and some of these altcoins, that they comes to with good results; I thnk they experience loss too. There are also some setback in pumling the btc market and getting the desired result. I believe it does not work for wales all the time because many people are also aware of some of these tricks which happen regularly.
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Lol. How csn you say one shouldn’t sell to whales? They are the ones that would pay good money for a token or coin
Whales are potential to manipulate the market. They can play the price to increase their assets. They are also the main big holders that can instantly dump the increasing of price momentum. They eat the tokens of small fishes.
Yes, I think whales can manipulate the market. But it is not much affect the price of coins.
Because the basic factor of price is demand and supply.
I think whales can manipulate, just temporary.
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Yes, I think whales can manipulate the market. But it is not much affect the price of coins.
Because the basic factor of price is demand and supply.
I think whales can manipulate, just temporary.
You have to be sure that the whales manipulate the market, they have been doing it since the market exists. And contrary to what you think, I will tell you that when the whales manipulate the market it is precisely to do what they want with the price of Bitcoin, the last time they did their manipulation lasted 3 years. It's about accumulating, making other investors fear and making them sell cheap, and then making the biggest profit possible.
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The first anticipation to face this current market is actually before this bear market. The way is done by followings:
1. Preparing all funds to trade or invest from free money, so when it becomes bearish, we will not sell them out soon to cash out
2. Prepare yourself and be ready for all the risks in the crypto world
3. Always do research before investing or trading, even more, it becomes dropped again, we have been picking the right coins even for holding
4. Never panic
5. try get other funding for trading again and get more profits during this bearish
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An opinion has already been expressed here that if prices in this market remain in one place for a long time, then it is quite possible that bitcoin will fall further down to $ 10,000, and only after that we will be able to see support and price growth. It looks like this is starting to come true. Today we see again a decent drop in prices. Bitcoin fell to $ 29,668, the entire market in red, with a double-digit percentage drop.
Let's see what happens next with prices.
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The biggest thing has to do in such a situation is to make your heart bigger. Because in such a situation, if you give up hope, you can lose a lot. So first of all never give up hope. If The market will goes a little bit down, it also goes up, so if it is going down today, it will go up tomorrow.So we have to wait for the market to go up, Don't lose everything in despair.
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For me this is a lesson to newbies that has been riding the bull wave since 2010 December. we watch bitcoin move from 10,000 to 50,000 and newbies were attracted into the show. it is a game plan and it has always been this way.
My advice, always has a back up plan in the crypto market. it is volatile. expectation are high that market can change anytime. do not sell to whales. they are current buying now.
It's too late, if we talk about anticipation.
Let's do it to get profit, if you can to do.
I have do daily trading now and still hold several my coins that dumped.
Because I don't want lost alot..
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For me this is a lesson to newbies that has been riding the bull wave since 2010 December. we watch bitcoin move from 10,000 to 50,000 and newbies were attracted into the show. it is a game plan and it has always been this way.
My advice, always has a back up plan in the crypto market. it is volatile. expectation are high that market can change anytime. do not sell to whales. they are current buying now.
It's too late, if we talk about anticipation.
Let's do it to get profit, if you can to do.
I have do daily trading now and still hold several my coins that dumped.
Because I don't want lost alot..
Though I do not do daily trading much, I do agree with you here that I too will not and have not sold any other of the crypto assets that I was unable to sell at the top or will it was just going down for any reason. I believe that we have seen this before and if you have faith in what you invested in and you are able to hold through this period, you will be glad you did.
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It has been a familiar bitcoin situations, and I have concluded that bitcoin will always pump and at certain period, drop to a panic level. I think there is no cause for alarm because bull run will definitely come again, just a matter of little time. I am still holding my coins and not willing to sell until price touch my target.
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I always have an alternative plan in every situation. Now, the market looks like to go to the next bearish, so I have already sold most of my crypto coins. I think the bullish already last a long time, it is the time for crypto market to begin for the next bearish. I am trying to collect USDT as many as possible now. With many USDT, we can buy many crypto coins in the downtrend season.
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The crypto market has accumulated fatigue from a protracted correction that began in mid-May of this year. Market participants, on the one hand, were not ready for a spurt and bullish growth, and on the other hand, they were already tired of sitting in anticipation of some kind of uncertainty. I think that if in the near future bitcoin manages to break through the level of $ 40 thousand and gain a foothold on it, then we should expect a further recovery of the market and growth to $ 48 thousand
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Lol. How csn you say one shouldn’t sell to whales? They are the ones that would pay good money for a token or coin
So how do you know if you are selling to whales or not? ;D I have bought dips of markets and I am not a whale and I know so are others. However, hopefully, I do understand what you are saying as in don't sell during market dips but this cannot be taken away because it is part of the market. People will still panic sell even when advised not to.
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Lol. How csn you say one shouldn’t sell to whales? They are the ones that would pay good money for a token or coin
So how do you know if you are selling to whales or not? ;D I have bought dips of markets and I am not a whale and I know so are others. However, hopefully, I do understand what you are saying as in don't sell during market dips but this cannot be taken away because it is part of the market. People will still panic sell even when advised not to.
I think what @Jaephoenix means is that as a general rule almost all the coins/tokens end up in the hands of the whales, it's just a way of talking. And personally I agree with him, whales accumulate more over time, so it's no wonder most end up in their wallets because it has always been like that, whoever has more funds to buy has more capacity and time to accumulate.
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For me this is a lesson to newbies that has been riding the bull wave since 2010 December. we watch bitcoin move from 10,000 to 50,000 and newbies were attracted into the show. it is a game plan and it has always been this way.
My advice, always has a back up plan in the crypto market. it is volatile. expectation are high that market can change anytime. do not sell to whales. they are current buying now.
I think the anticipation the current market status is hold and waiting the progress of market.
Market is growing up again now. Don't panic selling, be patience is the key for success.
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I think the anticipation the current market status is hold and waiting the progress of market.
Market is growing up again now. Don't panic selling, be patience is the key for success.
If you hold potential don't sell them during crash. Much better to stake them all to earn passive income. By staking you earn additional tokens. Withdraw them when market is up. Wise move. ;)
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For now, I just a half of my capital to buy crypto coins, while the rest of my capital is kept in the wallet. I think the current market is not really good to buy crypto coins massively. For the long term, I have bought many crypto coins several months ago. I think it is more than enough, I just need to wait for when the next bullish market.