Today the price of Bitcoin has taken a dramatic dump. It is coming down from 58K to 54K in last 24 hours. Which is really a big dump . Can we get out of this dump very quickly? Or are we going to go further down? I think it will go below 50K first and then rise again. What do you think? And what is your opinion about the current market situation?
Today the price of Bitcoin has taken a dramatic dump. It is coming down from 58K to 54K in last 24 hours. Which is really a big dump . Can we get out of this dump very quickly? Or are we going to go further down? I think it will go below 50K first and then rise again. What do you think? And what is your opinion about the current market situation?
Today the price of Bitcoin has taken a dramatic dump. It is coming down from 58K to 54K in last 24 hours. Which is really a big dump . Can we get out of this dump very quickly? Or are we going to go further down? I think it will go below 50K first and then rise again. What do you think? And what is your opinion about the current market situation?I think I saw similar post yesterday or a day before yesterday. My reply was that the support at $50000 would be strong and bitcoin can not just fall below $50000 just like that. We have seen a bounce back at $53000 first which correlated with what I posted that it is possible we can see support before $50000. But if the price later continue to decrease, a stronger support would be around $50000 which is what we should first be discussing about.
The price of $60k was rejected several times, which is considered a Critical Support Retest, which means that we will not see $71k soon and that the price will be in a new price range whose peak is $60k.why should we panic if we believe in Bitcoin's rise in the future, especially not using emergency funds, I'd better hold back and close my laptop away from the market and wallet for a while
(https://i.ibb.co/WKh9678/image.png)
If 53800 is broken, then you can start to panic.
It doesn't mean anything.The best answer I've read so far. We all know that this is the nature of crypto so nothing to worry about the prices going down and we can do nothing about that trend unless we trade short for that. Maybe OP has bought at peak price and if I was on that situation I got no choice but to hodl but if you are just an average investor like me who needs to make withdrawals frequently because of priorities then cutting loss very early is the only choice but if you have stable source of income then no need to panic as prices may bounceback anytime as it seems for me a healthy pullback if I am not mistaken.
A few months ago, everyone was happy that the price reached 54K. So what is all this FUD about the price I'm hearing about these days? All assets go up and down, that's their nature.
Today the price of Bitcoin has taken a dramatic dump. It is coming down from 58K to 54K in last 24 hours. Which is really a big dump . Can we get out of this dump very quickly? Or are we going to go further down? I think it will go below 50K first and then rise again. What do you think? And what is your opinion about the current market situation?
Bitcoin’s decline below $60,000 may be attributed to the potential start of the Mt. Gox creditor repayments, expected in early July.
The defunct crypto exchange may have started repaying creditors, based on a Bitcoin transfer volume chart for tokens last moved during the past seven to 10 years shared by Charles Edwards, the founder of digital asset hedge fund Capriole Investments.
Today the price of Bitcoin has taken a dramatic dump. It is coming down from 58K to 54K in last 24 hours. Which is really a big dump . Can we get out of this dump very quickly? Or are we going to go further down? I think it will go below 50K first and then rise again. What do you think? And what is your opinion about the current market situation?So far and currently, the price of bitcoin is already back above $57k and heading back to $58k.
Today the price of Bitcoin has taken a dramatic dump. It is coming down from 58K to 54K in last 24 hours. Which is really a big dump . Can we get out of this dump very quickly? Or are we going to go further down? I think it will go below 50K first and then rise again. What do you think? And what is your opinion about the current market situation?I also think it will go below $50k but nothing is guaranteed here. I can say one thing for guaranteed this is not the bottom this is just a trap to remove all those newbies invested in BTC for profit those who are old and know how it works will stick to their holdings and in the end, they will be the ones making a profit. I learned this fact from various telegram channel groups I have joined.
I also think it will go below $50k but nothing is guaranteed here. I can say one thing for guaranteed this is not the bottom this is just a trap to remove all those newbies invested in BTC for profit those who are old and know how it works will stick to their holdings and in the end, they will be the ones making a profit. I learned this fact from various telegram channel groups I have joined.
Falling below $50k or further is a good opportunity to start holding it.The target of 100k $ is very high for now and will take quite a long time if you look at the current market conditions,
Some people think this is garbage disposal, but there will be more whales that will hold the garbage so whales will have a lot of advantages.
Having money in reserve at this time would be a plus for buying back bitcoins.
The long-term remains at the $100k ATH goal and I have locked in that target.
The target of 100k $ is very high for now and will take quite a long time if you look at the current market conditions,It's only for the long term and it's quite realistic if I say it's for the long term.
for the peak of the bull run to reach 80-90k$, that's quite good and interesting
It's true that you have reserve funds to fill your BTC wallet and hold them until the target is locked
The current market situation of bitcoin coming down will last for sometimes before it will go up again and for now we should remove our mind from the bitcoin going up and before bitcoin will go up it will be at the time when the year is about to end.Bitcoin dump, altcoins will definitely mostly follow market movements, it will definitely be much dumpier than all of this. In the last 24 hours, BTC prices have dropped more and more, and even now, BTC prices are only around $56k, is this really a pretty drastic drop in just a few hours? At least this has reduced almost -3% of their team.
I think normally with bitcoin get dump last day after facing bad news with issues Mt.Gox refund and make many people panic for selling their bitcoin get anticipation before more dumping if all Mt.Gox user sell their bitcoin refund assets.Yes, this is one of the quicker motivations for members to change strategies in certain situations. However, I'm sure there's a purpose to all of this. Yes, at least playing in a meaningful way. And they are doing this because to prepare the privilege's ended.
Today the price of Bitcoin has taken a dramatic dump. It is coming down from 58K to 54K in last 24 hours. Which is really a big dump . Can we get out of this dump very quickly? Or are we going to go further down?Yep. In the last 2 days, the price of Bitcoin dropped quite significantly. It drops from $60k to $58k, and it drops to $53k. After it drops to $53k, it already increased again to $57k - $58k. Even if it is a big dump but the market could increase again quickly. This is a good sign because the market looks to get temporary impacts in a short time only.
I think it will go below 50K first and then rise again. What do you think? And what is your opinion about the current market situation?In fact, it didn't need to drop to $50k, Bitcoin could increase again. It already returned to the price before the huge dump ($57k - $58k). But I hope it can cross $60k again in a short time, and the price of Bitcoin can stay above $60k for a long time. If it drops again, surely it may drop below $50k.
Falling below $50k or further is a good opportunity to start holding it.
Some people think this is garbage disposal, but there will be more whales that will hold the garbage so whales will have a lot of advantages.
Is it really possible for bitcoin price to go below $50k at this moment?
I think it won't dump much more since it is now 57k from 54k a few days ago. I think this won't last very long once all the people who are affected in mt. Gox are paid. Well, if the price decreased again then I think it is an opportunity to buy more at a lower price before it will increase again. Who knows, it could be short time only for the price in that state before it will increase to 60k.
It doesn't mean anything.Haha nice way of seeing things you talk like that octagarian who knows all the secrets of the world and is just waiting for his time haha. Like you already knew it will happen and so calm that you don't give any shit about it. Either you acted before to minimize your lose or you are playing the big game here. New people are adopting BTC and many bought BTC high and now its dumping making them panic.
A few months ago, everyone was happy that the price reached 54K. So what is all this FUD about the price I'm hearing about these days? All assets go up and down, that's their nature.
EVERYTHING is possible!
40k by Friday or 100k by next Saturday would be the same for me in terms of the unexpected!
This is the best time to invest in bitcoin and hodle for the next bull run. As it is said the price downturn will last and it will still come down again. So if anyone is afraid should calm and continue hodle. You don't have to panic because I know that many will panic and thick that they would lost their funds invested in bitcoin. And I want to use this opportunity to tell you that nobody lost funds in bitcoin investment if you are for long term but if you invest in short term and the market enter bear market then you would lost because definitely you capital would not complete again. Therefore invest for long term.and not for short term.
This is the best time to invest in bitcoin and hodle for the next bull run. As it is said the price downturn will last and it will still come down again. So if anyone is afraid should calm and continue hodle. You don't have to panic because I know that many will panic and thick that they would lost their funds invested in bitcoin. And I want to use this opportunity to tell you that nobody lost funds in bitcoin investment if you are for long term but if you invest in short term and the market enter bear market then you would lost because definitely you capital would not complete again. Therefore invest for long term.and not for short term.
This is one thing that unavoidable because market can never be bull all time because when it goes down you would see them panicking, but as an investor they should know that when the market goes on the reverse then they will hold for more years to enable them restore their capital nd make their profit while holding their coin. Many people tends to panicked the more when market are going against them where they wouldn't endure to hold their coin instead they may panicked and push off stacked up amount to the wholes.
That is why it is good to keep physical cash at hand so that whenever the price goes down, we acquire more coins to our portfolios. Last week bitcoin hit $54k and I was able to buy only 0.006 and now bitcoin is $66,439.88 and i have gotten small profit from the period and i can use this investment as short term investment because i have gotten profit from it but it is good foe long term. Those who understand bitcoin investment make profit from it. And all what they need to do is patient and know when to buy and when to sell.This is the best time to invest in bitcoin and hodle for the next bull run. As it is said the price downturn will last and it will still come down again. So if anyone is afraid should calm and continue hodle. You don't have to panic because I know that many will panic and thick that they would lost their funds invested in bitcoin. And I want to use this opportunity to tell you that nobody lost funds in bitcoin investment if you are for long term but if you invest in short term and the market enter bear market then you would lost because definitely you capital would not complete again. Therefore invest for long term.and not for short term.
This is one thing that unavoidable because market can never be bull all time because when it goes down you would see them panicking, but as an investor they should know that when the market goes on the reverse then they will hold for more years to enable them restore their capital nd make their profit while holding their coin. Many people tends to panicked the more when market are going against them where they wouldn't endure to hold their coin instead they may panicked and push off stacked up amount to the wholes.
That is why it is good to keep physical cash at hand so that whenever the price goes down, we acquire more coins to our portfolios. Last week bitcoin hit $54k and I was able to buy only 0.006 and now bitcoin is $66,439.88 and i have gotten small profit from the period and i can use this investment as short term investment because i have gotten profit from it but it is good foe long term. Those who understand bitcoin investment make profit from it. And all what they need to do is patient and know when to buy and when to sell.I like your perception and determination about your Bitcoin investment because is through a case like this most people start packing and considering if they would sell there Bitcoin and take profits or not, though in Bitcoin investment talking about holding is one thing and another thing is having the mindset and determination to withstand the temptation that may possibly showcase on the process.
Yeah, knowing when to buy and when to sell is very important specially for those who are into short term investment.That is why it is good to keep physical cash at hand so that whenever the price goes down, we acquire more coins to our portfolios. Last week bitcoin hit $54k and I was able to buy only 0.006 and now bitcoin is $66,439.88 and i have gotten small profit from the period and i can use this investment as short term investment because i have gotten profit from it but it is good foe long term. Those who understand bitcoin investment make profit from it. And all what they need to do is patient and know when to buy and when to sell.This is the best time to invest in bitcoin and hodle for the next bull run. As it is said the price downturn will last and it will still come down again. So if anyone is afraid should calm and continue hodle. You don't have to panic because I know that many will panic and thick that they would lost their funds invested in bitcoin. And I want to use this opportunity to tell you that nobody lost funds in bitcoin investment if you are for long term but if you invest in short term and the market enter bear market then you would lost because definitely you capital would not complete again. Therefore invest for long term.and not for short term.
This is one thing that unavoidable because market can never be bull all time because when it goes down you would see them panicking, but as an investor they should know that when the market goes on the reverse then they will hold for more years to enable them restore their capital nd make their profit while holding their coin. Many people tends to panicked the more when market are going against them where they wouldn't endure to hold their coin instead they may panicked and push off stacked up amount to the wholes.
Because of that temptation, experts advice us to do extra works or businesses before investing in bitcoin so that the investors can withstand with the pressure which be fall on them to sell the hodling coins prematurely. If anyone wants to invest in bitcoin don't just come because others have told you that bitcoin is good to invest those people didn't tell everything and they only tell you that investing in bitcoin is good. When you follow them and invest then when the temptation comes and you don't have any other funds to settle the pressure then selling them at the premature stage is sure.That is why it is good to keep physical cash at hand so that whenever the price goes down, we acquire more coins to our portfolios. Last week bitcoin hit $54k and I was able to buy only 0.006 and now bitcoin is $66,439.88 and i have gotten small profit from the period and i can use this investment as short term investment because i have gotten profit from it but it is good foe long term. Those who understand bitcoin investment make profit from it. And all what they need to do is patient and know when to buy and when to sell.I like your perception and determination about your Bitcoin investment because is through a case like this most people start packing and considering if they would sell there Bitcoin and take profits or not, though in Bitcoin investment talking about holding is one thing and another thing is having the mindset and determination to withstand the temptation that may possibly showcase on the process.
So actually we know that holding is very difficult and tempting at times but the only way we can truly be sufficient on the profits we would make from Bitcoin is through holding, however is good you were able to accumulate some fraction of Bitcoin before the price become this way because so many people miss out the buying opportunity then because of waiting for more dip.
This is the best time to invest in bitcoin and hodle for the next bull run. As it is said the price downturn will last and it will still come down again. So if anyone is afraid should calm and continue hodle. You don't have to panic because I know that many will panic and thick that they would lost their funds invested in bitcoin. And I want to use this opportunity to tell you that nobody lost funds in bitcoin investment if you are for long term but if you invest in short term and the market enter bear market then you would lost because definitely you capital would not complete again. Therefore invest for long term.and not for short term.
That is why it is good to keep physical cash at hand so that whenever the price goes down, we acquire more coins to our portfolios.some people hold stablecoins for this very reason
Last week bitcoin hit $54k and I was able to buy only 0.006 and now bitcoin is $66,439.88 and i have gotten small profit from the period and i can use this investment as short term investment because i have gotten profit from it but it is good foe long term.bitcoin is going to continue to rise for a long time but in times that it is dumping we shouldn't feel any fud and instead buy more just like you did after you buy then just keep holding it until it dumps again and buy more
That is why it is good to keep physical cash at hand so that whenever the price goes down, we acquire more coins to our portfolios. Last week bitcoin hit $54k and I was able to buy only 0.006 and now bitcoin is $66,439.88 and i have gotten small profit from the period and i can use this investment as short term investment because i have gotten profit from it but it is good foe long term. Those who understand bitcoin investment make profit from it. And all what they need to do is patient and know when to buy and when to sell.There is a rules for trading and that is "invest as much as you can afford to lose". So investment beyond of the affordable fund that the person afford to lose it will be totally foolish work. I always like to do the long term investment on bitcoin and it is with the dca strategy for risk management. And I think those people who invest without having the fund for tackling the emergency situation it is all about their stupidity. I have seen many people's who do trading like this and face loss for the emergency situations.
The reason why there are investors who panic over their bitcoin investment is just that, they placed their hopes on bitcoin investment that it will make them rich within the short term.This is the best time to invest in bitcoin and hodle for the next bull run. As it is said the price downturn will last and it will still come down again. So if anyone is afraid should calm and continue hodle. You don't have to panic because I know that many will panic and thick that they would lost their funds invested in bitcoin. And I want to use this opportunity to tell you that nobody lost funds in bitcoin investment if you are for long term but if you invest in short term and the market enter bear market then you would lost because definitely you capital would not complete again. Therefore invest for long term.and not for short term.
This is one thing that unavoidable because market can never be bull all time because when it goes down you would see them panicking, but as an investor they should know that when the market goes on the reverse then they will hold for more years to enable them restore their capital nd make their profit while holding their coin. Many people tends to panicked the more when market are going against them where they wouldn't endure to hold their coin instead they may panicked and push off stacked up amount to the wholes.
The reason why there are investors who panic over their bitcoin investment is just that, they placed their hopes on bitcoin investment that it will make them rich within the short term.You're totally right, the only reason am investor would experience panic due to short-term fluctuations is simply because they do not have the right information about thecrypto market, because I see no reason why someone who's well knowledgeable about the market would panic, because they're meant to realize that
So many crypto investors have had the wrong narrative about bitcoin through the people that got them introduced to it. If we can begin to lecture people about bitcoin investment on how it should be done "investing with spare money and having a long term investment plan", the panic coming from crypto investors will be minimized, and everyone will be happy as they hodl their bitcoin through the bearish market to the bull market
You're totally right, the only reason am investor would experience panic due to short-term fluctuations is simply because they do not have the right information about thecrypto market, because I see no reason why someone who's well knowledgeable about the market would panic,
Indeed, sometimes, emotions and fear can indeed overwhelm an investor's rational thinking which of course often leads to making some impulsive decision making, clouding of one's judgement and leading an investor towards making irrational decisions.You're totally right, the only reason am investor would experience panic due to short-term fluctuations is simply because they do not have the right information about thecrypto market, because I see no reason why someone who's well knowledgeable about the market would panic,
Well, it's more than that. Fear is a powerful factor.
A person could have all of the technical analysis that they need, all of the news pieces pointing to a bitcoin dump, but that person who (let's say for example) has just bought bitcoin recently will be shaken by anxiety at the fact of being underwater of their investment, so they "think" that liquidating will cut their losses by only a small amount.
It's the wrong way of thinking about this.
Yes, looking at the past, BTC had gone down suddenly. But now it has grown. It has reached 65k. But it is not certain when it will go back to 70+.
I just found some respond bout current bitcoin price dump because the normally habit with bitcoin when dropping position is the right moment to buy back after many holder or investor get panic for selling their bitcoin. I not found yet with some respond giving explain behind of bitcoin goin down today, I check on Mt Gox wallet activities they are sending bitcoin to Bittamp wallet as refund assets for creditor.Dump the price of bitcoin can happen at any time because the market is volatile, this can be caused by negative news or whale activities that sell to the market in large quantities, but there is no need to worry, some time ago the German government pounded the market dumping bitcoin a lot of the market went down but in the end the price went back up after that.
Its bigger bad news why make bitcoin after success reach up near close above $70k have dropped drastically more than 10% until going down to $63k, all trader or bitcoin investor need to find bad news and will know why make bitcoin suddenly going down in short term.
There was some news, Hmm I'll consider them some of the bad news, there were some rumors about health issues of Joe, so I thought maybe it could influence the crypto market as well, at the same time there was a movement of funds seized by the US in last days and they hold 200k BTC, it can also trigger pressure on the market.The resignation of Joe Biden or the bad health issue of him isn't bad news for crypto industry. It even makes a price of Bitcoin to increase a bit in the last few days. But the news related to MT Gox and German government are surely bad news because they transferred big number of Bitcoin. Who hold 200k BTC? I am not really sure with your statement. Do you mean the US government has 200k BTC?
No one actually know exactly why a dump happens but surely it happens because of high selling pressure and such selling pressure takes place when some people want to convert huge sums of Bitcoin into fiat or stable coins like USDT, but sometimes it also happens because of fear.
That's if they knows what they are doing it could be very easy for them than just being worried over the market, of course it's a choice to buy when the market is dip and it's also a choice to sell when the market increase but what matters is how long they have decided to hold bitcoin because, there would be a time when the price would be very high in a way that acquiring it in future could be small.. like the volume you would hold now can never be the same in the future.That is why it is good to keep physical cash at hand so that whenever the price goes down, we acquire more coins to our portfolios. Last week bitcoin hit $54k and I was able to buy only 0.006 and now bitcoin is $66,439.88 and i have gotten small profit from the period and i can use this investment as short term investment because i have gotten profit from it but it is good foe long term. Those who understand bitcoin investment make profit from it. And all what they need to do is patient and know when to buy and when to sell.This is the best time to invest in bitcoin and hodle for the next bull run. As it is said the price downturn will last and it will still come down again. So if anyone is afraid should calm and continue hodle. You don't have to panic because I know that many will panic and thick that they would lost their funds invested in bitcoin. And I want to use this opportunity to tell you that nobody lost funds in bitcoin investment if you are for long term but if you invest in short term and the market enter bear market then you would lost because definitely you capital would not complete again. Therefore invest for long term.and not for short term.
This is one thing that unavoidable because market can never be bull all time because when it goes down you would see them panicking, but as an investor they should know that when the market goes on the reverse then they will hold for more years to enable them restore their capital nd make their profit while holding their coin. Many people tends to panicked the more when market are going against them where they wouldn't endure to hold their coin instead they may panicked and push off stacked up amount to the wholes.
This isnt really just that limited to Bitcoin but in crypto as a whole on which it would really be just that right that you should be making yourself be wary about on how this market works.I just found some respond bout current bitcoin price dump because the normally habit with bitcoin when dropping position is the right moment to buy back after many holder or investor get panic for selling their bitcoin. I not found yet with some respond giving explain behind of bitcoin goin down today, I check on Mt Gox wallet activities they are sending bitcoin to Bittamp wallet as refund assets for creditor.Dump the price of bitcoin can happen at any time because the market is volatile, this can be caused by negative news or whale activities that sell to the market in large quantities, but there is no need to worry, some time ago the German government pounded the market dumping bitcoin a lot of the market went down but in the end the price went back up after that.
Its bigger bad news why make bitcoin after success reach up near close above $70k have dropped drastically more than 10% until going down to $63k, all trader or bitcoin investor need to find bad news and will know why make bitcoin suddenly going down in short term.
This is still in a political situation, there could be an influence there, big investors are making efforts to manipulate the market, while we don't expect to worry, stay relaxed, this is the real market behavior, there is a time when someday bitcoin can go up again.
The resignation of Joe Biden or the bad health issue of him isn't bad news for crypto industry. It even makes a price of Bitcoin to increase a bit in the last few days. But the news related to MT Gox and German government are surely bad news because they transferred big number of Bitcoin. Who hold 200k BTC? I am not really sure with your statement. Do you mean the US government has 200k BTC?
Dump the price of bitcoin can happen at any time because the market is volatile, this can be caused by negative news or whale activities that sell to the market in large quantities, but there is no need to worry, some time ago the German government pounded the market dumping bitcoin a lot of the market went down but in the end the price went back up after that.And right now bitcoin is coming out from the dump. And those who invested in the time when the price was $54k last month will make profit by now. And as you said, there are many factors that causes the dump in cryptocurrency. The fear of the decline of the fiat currency. Like many are afraid in my country because the dollar exchange rate. And as a crypto investor we have to also calculate and analyze from those angles too.
This is still in a political situation, there could be an influence there, big investors are making efforts to manipulate the market, while we don't expect to worry, stay relaxed, this is the real market behavior, there is a time when someday bitcoin can go up again.
And right now bitcoin is coming out from the dump. And those who invested in the time when the price was $54k last month will make profit by now. And as you said, there are many factors that causes the dump in cryptocurrency. The fear of the decline of the fiat currency. Like many are afraid in my country because the dollar exchange rate. And as a crypto investor we have to also calculate and analyze from those angles too.Green Candle is back. Bitcoin repeats previous Price Action, Bitcoin is showing resilience, rebounding from support levels and holding above key moving averages.
As a good investors, we don't have to look only one side but all the angles of the investment. Both from the dollar, cryptocurrency and other Fiats if the investors is not using dollar to buy goods. The dump also help people to buy more and while it also make some investors to be afraid. Like in my country, dollar rate to the fiat currency is very high, so the more the price increases on bitcoin we also make good increase in profit but it it enter the dump, it affects us but not much because dollar is high but if dollar decrease then it affects us. As it is now, it is an another good period to sell again. And buy again when the price slide down. But those who are investing for long term can continue.Some investors are scared during dumping but they should be more aggressive if they have cash on hand. That's why experienced investors often advise that it's better to have more cash flow than invested money because you can take better chances in lower price trends. Staying in regular buying in higher price trends and taking care of your holdings until you reach your desired goal in the long run. Regular DCA management regardless of the price of bitcoins can give you a lot of financial success as well as keep depositing for a longer period of time which shows the average value in your portfolio which ultimately increases your profits.
And right now bitcoin is coming out from the dump. And those who invested in the time when the price was $54k last month will make profit by now. And as you said, there are many factors that causes the dump in cryptocurrency. The fear of the decline of the fiat currency. Like many are afraid in my country because the dollar exchange rate. And as a crypto investor we have to also calculate and analyze from those angles too.Green Candle is back. Bitcoin repeats previous Price Action, Bitcoin is showing resilience, rebounding from support levels and holding above key moving averages.
Germany just checked Bitcoin price and they don't like what they're seeing ;D It's making my day because Dumper is lost.
They sold too many too early, They made a bad decision. The worst traders work in the German government, Regret is useless.
And now we will totally forget about the German dump. The next big thing for us is the Mt. Gox repayment but it seems it didn't have any bad effect on us this month.
No one actually know exactly why a dump happens but surely it happens because of high selling pressure and such selling pressure takes place when some people want to convert huge sums of Bitcoin into fiat or stable coins like USDT, but sometimes it also happens because of fear.
If there is a lot of supply and little demand, of course the price will go down, but if the supply is limited like Bitcoin and demand is high, of course the price will rise. Many people only think about selling coins when the price rises high and leaving them to switch to other coins, this will affect the trading volume of the coin, demand will decrease and make the coin wasted.No one actually know exactly why a dump happens but surely it happens because of high selling pressure and such selling pressure takes place when some people want to convert huge sums of Bitcoin into fiat or stable coins like USDT, but sometimes it also happens because of fear.
Actually the reason behind the dump is the minimum demand from the investors so if the coin is larger in number and the buyers are minimum then the price will be dump but in case of old and guaranteed coins these terrible situations are for little time.
Sometimes trending coins lose their value because people don't focus to buy it and they often move towards another coin investment so in such case the value of trending coins downs.
People often make investments in altcoins but after increasing value they sell their coins and invest in Bitcoin and other top coins so obviously due to the large number of sales the coin will decrease.
If a coin is abandoned, it is the task of the marketing team of the project to promote and create events so that their coins are not abandoned and remain in high demand. A project fails if it is not needed by users and the team does not promote or does not have interesting events.If there is a lot of supply and little demand, of course the price will go down, but if the supply is limited like Bitcoin and demand is high, of course the price will rise. Many people only think about selling coins when the price rises high and leaving them to switch to other coins, this will affect the trading volume of the coin, demand will decrease and make the coin wasted.No one actually know exactly why a dump happens but surely it happens because of high selling pressure and such selling pressure takes place when some people want to convert huge sums of Bitcoin into fiat or stable coins like USDT, but sometimes it also happens because of fear.
Actually the reason behind the dump is the minimum demand from the investors so if the coin is larger in number and the buyers are minimum then the price will be dump but in case of old and guaranteed coins these terrible situations are for little time.
Sometimes trending coins lose their value because people don't focus to buy it and they often move towards another coin investment so in such case the value of trending coins downs.
People often make investments in altcoins but after increasing value they sell their coins and invest in Bitcoin and other top coins so obviously due to the large number of sales the coin will decrease.
They should learn from binance who always promote BNB coins with launchpool. So BNB coins remain popular and are still owned by many investors, lucky for coins that are supported by exchanges, especially large exchanges. That's why we hear some coins that have started to become popular, their teams are planning to have exchanges.
If a coin is abandoned, it is the task of the marketing team of the project to promote and create events so that their coins are not abandoned and remain in high demand. A project fails if it is not needed by users and the team does not promote or does not have interesting events.
If a coin is abandoned, it is the task of the marketing team of the project to promote and create events so that their coins are not abandoned and remain in high demand. A project fails if it is not needed by users and the team does not promote or does not have interesting events.Very true, I highly agree with you, most of the coins that are marketed well can gain more investors over time but if the marketing team of a coin isn't a good one then no one consider investing in such projects and ultimately such projects fail to get any success.
I agree that projects can learn from Binance strategy of promoting BNB coins through Launchpool which has helped maintain their popularity. It is clear that having support of large exchanges can effect in coin success. Small projects should make partnering with exchanges or developing their own strategies to stay relevant and to attract investors.They should learn from binance who always promote BNB coins with launchpool. So BNB coins remain popular and are still owned by many investors, lucky for coins that are supported by exchanges, especially large exchanges. That's why we hear some coins that have started to become popular, their teams are planning to have exchanges.
If a coin is abandoned, it is the task of the marketing team of the project to promote and create events so that their coins are not abandoned and remain in high demand. A project fails if it is not needed by users and the team does not promote or does not have interesting events.
Coins that are abandoned will find it difficult to become popular again if their team does not have a strategy to make them popular again.
The resignation of Joe Biden or the bad health issue of him isn't bad news for crypto industry. It even makes a price of Bitcoin to increase a bit in the last few days. But the news related to MT Gox and German government are surely bad news because they transferred big number of Bitcoin. Who hold 200k BTC? I am not really sure with your statement. Do you mean the US government has 200k BTC?We should all be aware that no politician or president is responsible for the price movement of Bitcoin. The price of Bitcoin is volatile; it can increase or decrease at its pleases based on its demands(buy and sell).
Quote from: https://x.com/ArkhamIntel/status/1817962145985724629BREAKING:
The US. Government just moved $2B of Bitcoin to a new address:
bc1qsl993y04xnq4fyhmrt6cnmctgjjv9ukdvrk0cd
(https://pbs.twimg.com/media/GTqy6ePWoAAEUkx?format=jpg&name=small)
It is not yet known whether these coins will be sold or not, but $2 billion is an amount that will have a negative impact on the price if sold. What do you think, will the price be negatively affected if the sale is announced?
I agree with you all, binance has managed to maintain the popularity of its BNB coin with launchpool, this should be imitated by competitors. It is indeed difficult to maintain the sustainability of a coin because the popularity of the coin will easily decline if there is no promotion from its team. Many coins suddenly have a drop in demand and their prices have plummeted..I agree that projects can learn from Binance strategy of promoting BNB coins through Launchpool which has helped maintain their popularity. It is clear that having support of large exchanges can effect in coin success. Small projects should make partnering with exchanges or developing their own strategies to stay relevant and to attract investors.They should learn from binance who always promote BNB coins with launchpool. So BNB coins remain popular and are still owned by many investors, lucky for coins that are supported by exchanges, especially large exchanges. That's why we hear some coins that have started to become popular, their teams are planning to have exchanges.
If a coin is abandoned, it is the task of the marketing team of the project to promote and create events so that their coins are not abandoned and remain in high demand. A project fails if it is not needed by users and the team does not promote or does not have interesting events.
Coins that are abandoned will find it difficult to become popular again if their team does not have a strategy to make them popular again.
Otherwise abandoned coins try to regain attraction without clear plan to revive them. With studying these kind of successful examples like Binance Launchpool projects they can easily make some good strategies to promote their coins and they also can maintain strong reputation in market too.
We can see that bitcoins price is the little down now. We also know that crypto market is always depending on up and down. Sometimes it's price will low down and sometimes it's price is increase. We also see that in the time of dumping many crypto investors also remain cash flow. Because they know during the dumping they also buy crypto, which is the best profitable for them. So I believe that Bitcoin dumping isn't very problem in experience investors.
I totally agree with you. Each dips brings opportunities for investors to make aggressive accumulation as well as opportunities for new investors to enter the market. The same adjective applies to short-term traders who regularly make their trades in the market and maintain liquidity. As the value of Bitcoin is higher than other currencies, most of the time many investors try to increase their buying on dips but DCA method of depositing Bitcoins is recommended for them as this method is ideal for people of any income who can own huge holdings through long term management. Regular buying regardless of price allow an investor to see UP price averages in his portfolio which can give him higher profits.We can see that bitcoins price is the little down now. We also know that crypto market is always depending on up and down. Sometimes it's price will low down and sometimes it's price is increase. We also see that in the time of dumping many crypto investors also remain cash flow. Because they know during the dumping they also buy crypto, which is the best profitable for them. So I believe that Bitcoin dumping isn't very problem in experience investors.
When Bitcoin drops in economic value it is a test for those who bought at a higher value and the perfect time for the entry of new investors, that is what the investment principle is based on. Otherwise there would be no new opportunities. In this way, liquidity flows to other markets, such as altcoins for example, since this base can also be applied in the same way in any coin or token. And no, it is not a problem, it is actually the solution so that everything continues to work as before, only with different values and entry opportunities for investors.
Dont get confused crypto is at Bull market... but sure before that magic ride as we had always saw since every halving period, bitcoin becomes very very volatil. This is the best moments to buy and hold, if you dont panic you will be able to collect the rewards over the next months, accordingly to the size of your investment it might be enought to retire.As an investor we must be able to take advantage of every moment that we go through, when there is a bulll or correction we can buy it and the market hold the market rises again. We do not need to be confused or have panic when we see the price of coins down, especially if the coins we hold are top koins, because the bullish season hasn't happened this is still a long time waiting for bullish.
Grab each satoshi you can and holf it for the ATH wich will come, 60 was just a test to previous ATH...
As an investor we must be able to take advantage of every moment that we go through, when there is a bulll or correction we can buy it and the market hold the market rises again. We do not need to be confused or have panic when we see the price of coins down, especially if the coins we hold are top koins, because the bullish season hasn't happened this is still a long time waiting for bullish.That's right. As investors, we must have a wise, smart, fast, precise, and orderly attitude in making decisions. Because this decision will determine our future path, whether it can really run smoothly to achieve gains or vice versa. Because, there will be no path that is always smooth, surely in every decision making, there are risks. This is also related to how we handle and manage the risk itself. So that we really will not regret it.
We must always be able to take advantage of bearish momentum to increase the coins we have and hold them until a certain period of time that we target. Moreover, during the bitcoin dump, we will definitely see almost all altcoins dump, we choose potential coins to buy, we really have to be smart and wise in investing.
That's right. As investors, we must have a wise, smart, fast, precise, and orderly attitude in making decisions. Because this decision will determine our future path, whether it can really run smoothly to achieve gains or vice versa. Because, there will be no path that is always smooth, surely in every decision making, there are risks. This is also related to how we handle and manage the risk itself. So that we really will not regret it.
Taking advantage of bearish moments to increase the accumulation of certain cryptos, and taking advantage of the bullish process to take profits for both short and long terms, all of which can be maximized if we really understand the cycle.
We must always be able to take advantage of bearish momentum to increase the coins we have and hold them until a certain period of time that we target. Moreover, during the bitcoin dump, we will definitely see almost all altcoins dump, we choose potential coins to buy, we really have to be smart and wise in investing.
That's right. As investors, we must have a wise, smart, fast, precise, and orderly attitude in making decisions. Because this decision will determine our future path, whether it can really run smoothly to achieve gains or vice versa. Because, there will be no path that is always smooth, surely in every decision making, there are risks. This is also related to how we handle and manage the risk itself. So that we really will not regret it.
Taking advantage of bearish moments to increase the accumulation of certain cryptos, and taking advantage of the bullish process to take profits for both short and long terms, all of which can be maximized if we really understand the cycle.
We must always be able to take advantage of bearish momentum to increase the coins we have and hold them until a certain period of time that we target. Moreover, during the bitcoin dump, we will definitely see almost all altcoins dump, we choose potential coins to buy, we really have to be smart and wise in investing.
That's right. As investors, we must have a wise, smart, fast, precise, and orderly attitude in making decisions. Because this decision will determine our future path, whether it can really run smoothly to achieve gains or vice versa. Because, there will be no path that is always smooth, surely in every decision making, there are risks. This is also related to how we handle and manage the risk itself. So that we really will not regret it.
Taking advantage of bearish moments to increase the accumulation of certain cryptos, and taking advantage of the bullish process to take profits for both short and long terms, all of which can be maximized if we really understand the cycle.
Not just increasing the amount you are holding but also not losing the opportunity to buy BTC at a very cheap price for me, if there's an opportunity grab it right away because anytime the price trend changes that is why you need to combine it with DCA to buy the dip price and I only sell the BTC again once it fails to break the old price and trend.
If you keep holding you are losing the potential profit from ups and downs.
Yes, bearish period is the most favorable time for an investor. At this time if one buys Bitcoin then he will get a chance to hold it at a relatively low price. But those who are not experienced are not able to easily except this bearish. They became restless due to the dumping of the market and started emptying their holdings. This kind of tendency is often seen especially in the case of newbies. And the experience take the advantage of that opportunity.We must always be able to take advantage of bearish momentum to increase the coins we have and hold them until a certain period of time that we target. Moreover, during the bitcoin dump, we will definitely see almost all altcoins dump, we choose potential coins to buy, we really have to be smart and wise in investing.
That's right. As investors, we must have a wise, smart, fast, precise, and orderly attitude in making decisions. Because this decision will determine our future path, whether it can really run smoothly to achieve gains or vice versa. Because, there will be no path that is always smooth, surely in every decision making, there are risks. This is also related to how we handle and manage the risk itself. So that we really will not regret it.
Taking advantage of bearish moments to increase the accumulation of certain cryptos, and taking advantage of the bullish process to take profits for both short and long terms, all of which can be maximized if we really understand the cycle.
Bearish period if we have capital we can buy more coins we want, but if there is no capital we can only wait for the market to return to bull. I still have a little free fund to buy coins that I like and last week I bought them. It is likely that the price of bitcoin will struggle for the next few weeks, so there is no need to panic because this is common in the crypto world.
Yes, bearish period is the most favorable time for an investor. At this time if one buys Bitcoin then he will get a chance to hold it at a relatively low price. But those who are not experienced are not able to easily except this bearish. They became restless due to the dumping of the market and started emptying their holdings. This kind of tendency is often seen especially in the case of newbies. And the experience take the advantage of that opportunity.
I sold some of my assets in July and converted them into USD so in August when the dump happened, I was able to buy some potential coins and now I have made a profit if I sell them now because the price of bitcoin has risen to $60K, but it hasn't reached the same level. my target. I will sell it when the price of bitcoin reaches $70KBearish period if we have capital we can buy more coins we want, but if there is no capital we can only wait for the market to return to bull. I still have a little free fund to buy coins that I like and last week I bought them. It is likely that the price of bitcoin will struggle for the next few weeks, so there is no need to panic because this is common in the crypto world.
Yes, bearish period is the most favorable time for an investor. At this time if one buys Bitcoin then he will get a chance to hold it at a relatively low price. But those who are not experienced are not able to easily except this bearish. They became restless due to the dumping of the market and started emptying their holdings. This kind of tendency is often seen especially in the case of newbies. And the experience take the advantage of that opportunity.
You are lucky because you have converted all your crypto assets to USD in July, dude. I should have learned from you because I haven't had time to sell my assets and got stuck because suddenly the price of bitcoin plunged, reducing my assets a lot and there was no way I could sell my coins at a loss.
I sold some of my assets in July and converted them into USD so in August when the dump happened, I was able to buy some potential coins and now I have made a profit if I sell them now because the price of bitcoin has risen to $60K, but it hasn't reached the same level. my target. I will sell it when the price of bitcoin reaches $70K
I was trapped and had not had time to sell my coins before the correction occurred, I also waited for the bitcoin price to improve again. Currently bitcoin has started to touch $ 64K, the possibility of bitcoin prices soon reaching more hold $ 70k if no negative news hits.You are lucky because you have converted all your crypto assets to USD in July, dude. I should have learned from you because I haven't had time to sell my assets and got stuck because suddenly the price of bitcoin plunged, reducing my assets a lot and there was no way I could sell my coins at a loss.
I sold some of my assets in July and converted them into USD so in August when the dump happened, I was able to buy some potential coins and now I have made a profit if I sell them now because the price of bitcoin has risen to $60K, but it hasn't reached the same level. my target. I will sell it when the price of bitcoin reaches $70K
Negative news will always cause bitcoin prices to drop, but the market will return to normal once the news has passed. As of now, bitcoin prices are recovering after we hear of many large bitcoin sales. for those who have more funds can buy bitcoin when there is a correction, I already bought it last week from my savings.I was trapped and had not had time to sell my coins before the correction occurred, I also waited for the bitcoin price to improve again. Currently bitcoin has started to touch $ 64K, the possibility of bitcoin prices soon reaching more hold $ 70k if no negative news hits.You are lucky because you have converted all your crypto assets to USD in July, dude. I should have learned from you because I haven't had time to sell my assets and got stuck because suddenly the price of bitcoin plunged, reducing my assets a lot and there was no way I could sell my coins at a loss.
I sold some of my assets in July and converted them into USD so in August when the dump happened, I was able to buy some potential coins and now I have made a profit if I sell them now because the price of bitcoin has risen to $60K, but it hasn't reached the same level. my target. I will sell it when the price of bitcoin reaches $70K
Up and down is normal behaviour of cryptocurrency market. Some times we will see market gose up and some times we will see market gose down. So it is not dramatic i think it is normal. We know few months ago bitcoin price was near about $20k and after that it up again and we saw new ATH of bitcoin for bitcoin history. So i think there has no need to disappointed about it. If market go down it will back today or tomorrow i strongly believe it.Ups and downs are a natural part of the market, but don’t expect bitcoin to drop to $20K this year because it’s impossible. We might see bitcoin at $40K but it will never go below that, that’s the nature of the volatile crypto market.
Negative news will always cause bitcoin prices to drop, but the market will return to normal once the news has passed. As of now, bitcoin prices are recovering after we hear of many large bitcoin sales. for those who have more funds can buy bitcoin when there is a correction, I already bought it last week from my savings.Given the way Bitcoin reacts to negative news, I no longer place my mind on Bitcoin price. I am only focusing on next year when the price of Bitcoin will boom.
That's the right thing to do if we have decided to hold until next year, we should not care about the negative news that is attacking bitcoin right now. We remain focused on facing next year by adding to our current coin collection, namely by taking advantage of market corrections by buying coins.Negative news will always cause bitcoin prices to drop, but the market will return to normal once the news has passed. As of now, bitcoin prices are recovering after we hear of many large bitcoin sales. for those who have more funds can buy bitcoin when there is a correction, I already bought it last week from my savings.Given the way Bitcoin reacts to negative news, I no longer place my mind on Bitcoin price. I am only focusing on next year when the price of Bitcoin will boom.
For this year, whatever price Bitcoin reaches, I am not giving it much concern that is because the negative or positive news that happened is the cause of it.
True. We must be strong to keep holding the assets we have until the price becomes very expensive again someday. We will only regret it if we sell the assets we have too quickly at a low price. As long as we have income in the real world, it will be easy to hodl.That's the right thing to do if we have decided to hold until next year, we should not care about the negative news that is attacking bitcoin right now. We remain focused on facing next year by adding to our current coin collection, namely by taking advantage of market corrections by buying coins.Negative news will always cause bitcoin prices to drop, but the market will return to normal once the news has passed. As of now, bitcoin prices are recovering after we hear of many large bitcoin sales. for those who have more funds can buy bitcoin when there is a correction, I already bought it last week from my savings.Given the way Bitcoin reacts to negative news, I no longer place my mind on Bitcoin price. I am only focusing on next year when the price of Bitcoin will boom.
For this year, whatever price Bitcoin reaches, I am not giving it much concern that is because the negative or positive news that happened is the cause of it.
True. We must be strong to keep holding the assets we have until the price becomes very expensive again someday. We will only regret it if we sell the assets we have too quickly at a low price. As long as we have income in the real world, it will be easy to hodl.
That's the right thing to do if we have decided to hold until next year, we should not care about the negative news that is attacking bitcoin right now. We remain focused on facing next year by adding to our current coin collection, namely by taking advantage of market corrections by buying coins.
We should always be patient and calm and keep holding the coins we have until our target is achieved. We should not rush to sell our assets if we have not yet obtained the profit that matches what we are targeting, in my opinion.Some of the key lessons or rules to follow in investing include, not getting easily carried away, irritated or anxious especially when investing in the crypto market. Such action plans involve holding securities for a certain period before selling them in order to attain a set goal, this prevents investors from making irrational decisions that are brought about by short term volatility. In this sense, staying with regard to the principle of investment and tilting towards the certain long-term objectives can help to better cope with the price flanks and achieve the maximal potential of profit not in favour of a certain strategy.
I will comment on the challenge not to be easily carried away by the atmosphere, upset, anxious in investing because emotions will interfere with our focus in investing. The crypto market will always fluctuate, sometimes we are also trapped in high prices when suddenly the price drops. stay calm and don't panic because the market will improve again.We should always be patient and calm and keep holding the coins we have until our target is achieved. We should not rush to sell our assets if we have not yet obtained the profit that matches what we are targeting, in my opinion.Some of the key lessons or rules to follow in investing include, not getting easily carried away, irritated or anxious especially when investing in the crypto market. Such action plans involve holding securities for a certain period before selling them in order to attain a set goal, this prevents investors from making irrational decisions that are brought about by short term volatility. In this sense, staying with regard to the principle of investment and tilting towards the certain long-term objectives can help to better cope with the price flanks and achieve the maximal potential of profit not in favour of a certain strategy.
I will comment on the challenge not to be easily carried away by the atmosphere, upset, anxious in investing because emotions will interfere with our focus in investing. The crypto market will always fluctuate, sometimes we are also trapped in high prices when suddenly the price drops. stay calm and don't panic because the market will improve again.We should always be patient and calm and keep holding the coins we have until our target is achieved. We should not rush to sell our assets if we have not yet obtained the profit that matches what we are targeting, in my opinion.Some of the key lessons or rules to follow in investing include, not getting easily carried away, irritated or anxious especially when investing in the crypto market. Such action plans involve holding securities for a certain period before selling them in order to attain a set goal, this prevents investors from making irrational decisions that are brought about by short term volatility. In this sense, staying with regard to the principle of investment and tilting towards the certain long-term objectives can help to better cope with the price flanks and achieve the maximal potential of profit not in favour of a certain strategy.