Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: pakhitheboss on August 07, 2024, 01:54:09 PM
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I came across an article where they suggested Bitcoin and Ethereum as coins that can help anyone survive a crypto market crash. We all know whenever the market goes into red there is always panic selling. The altcoins are the ones that are most affected by panic selling and they dive down hard. This is not the first time we have seen the market crash a few days back, for people like me who have seen the worst in the past we always know Bitcoin will bounce back and it always does. This article tells everyone who is new or has been in this industry for a couple of years that Bitcoin is the one coin that always comes back and outperforms itself.
Article link: Crypto Crash Survival: Top 2 Coins to Buy Now & Get Rich (https://watcher.guru/news/crypto-crash-survival-top-2-coins-to-buy-now-get-rich)
What do you guys think? Do share your valuable input so that we can have a good discussion on this thread.
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I came across an article where they suggested Bitcoin and Ethereum as coins that can help anyone survive a crypto market crash. We all know whenever the market goes into red there is always panic selling. The altcoins are the ones that are most affected by panic selling and they dive down hard.
To some degree, I would agree with this assessment of the crypto market on how choosing Bitcoin and /Ethereum can be the best thing to do to survive a crypto crash as these two - most especially Bitcoin - can really be making a big rebound after being down for some days. Days ago, BTC was at the corridor of $50K after what happened to the Japan market and yet just two or three days after it went to the $54K and $55K levels without any drama due to the strong inflows experienced by many ETFs. As to Ethereum, it was not as energized as Bitcoin even if we already have the ETFs for it operating...but then again it remains to be solid and has a lot of potential to explore. Now, if one is really an investor and has the money to splurge, buying more BTC and ETH when they are so down can be the best thing to do. Of course, one has to be doing some diligence here and should not jump into the sea without preparation otherwise the waves can kill anyone.
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Look at the way the price of Bitcoin has reverted in just a few days and is again going strongly. A lot of inflow is coming from the Bitcoin ETF which is why the volatility is less as compared to before ETFs were launched. I do not see the reason why the articles talk about Ethereum as it has always followed the path of Bitcoin. I also do not see any positive impact on its price after its ETFs have started trading. If the inflow from them was good by now the price would have gone up.
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What do you guys think? Do share your valuable input so that we can have a good discussion on this thread.
I agree that BTC always recovers but not guaranteed in how much time, some people might think that after a dump BTC recovers its value quickly, its not true maybe you are thinking now BTC has been dumped and expecting a recovery but then realize market dumps further. So never take things for granted. Because BTC and ETH are also very volatile but in the long run we know that due to the mechanism of BTC, it will increase its value in price.
Let's take a simple example the analysis says the value of 1 BTC will always be higher than the mining cost, so if the mining cost is $100k then BTC might go below $100k but not for a long time. BTC is a good choice for the long term as it recovers back and spot traders won't have to lose the funds once for all.
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I agree that BTC always recovers but not guaranteed in how much time, some people might think that after a dump BTC recovers its value quickly, its not true maybe you are thinking now BTC has been dumped and expecting a recovery but then realize market dumps further. So never take things for granted. Because BTC and ETH are also very volatile but in the long run we know that due to the mechanism of BTC, it will increase its value in price.
Recovery time can vary from time to time as there is no fixed formula for that since we are in an open market dictated by the movements of supply and demand. Bitcoin has had proven to be a strong performer and a rebounder as shown by its past records so it is good never to be distracted by temporary ups and downs but just continue on hodling as only time can tell where it would be into the future. I am though looking forward to see Bitcoin claim its rightful crown of $100K maybe if not in late 2024 then maybe in the first quarter of 2025. With the way Bitcoin is performing right now, I am seeing a strong resiliency to go against trends and hopefully this will catapult Bitcoin into a new ATH soon.
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I agree that BTC always recovers but not guaranteed in how much time, some people might think that after a dump BTC recovers its value quickly, its not true maybe you are thinking now BTC has been dumped and expecting a recovery but then realize market dumps further. So never take things for granted. Because BTC and ETH are also very volatile but in the long run we know that due to the mechanism of BTC, it will increase its value in price.
If we go buy what the Article was about I think we can clearly agree to the fact that it is true, the article classifies the two top coins as those that are capable of recovery over a shorter period of time against others and I think I totally agree with the article. Not that I would ask any one to just invest any amount because of the analogy that bitcoin can recover, No. but if there is any coin to count on to recover first after a dip it is bitcoin, no matter how other Altcoins tries to rally up as long as bitcoin isn’t recovering they would also falter. Bitcoin recovery advantage is the reason why today we have it as the best cryptocurrency coin, because it leads the pack after a dip.
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What do you guys think? Do share your valuable input so that we can have a good discussion on this thread.
The article have clearly explained everything we need to know about bitcoin and it will also serve as a good guide for newbies that are just coming into the crypto space. Bitcoin will be the only coin that will save your holdings whenever there’s a crypto crash in the market and that have been ascertained several times before putting it up here. Just like other cryptocurrencies that does not have the resistivity to withstand some crypto downside, bitcoin will always find its way back with some of them making it back to their original price after the crash is over and the bulls sets in.
Ethereum was listed because of its potential to always come back after its downturn together with bitcoin, but an altcoin cannot be dependent on in the long term case, so it’s better to stick to bitcoin and trade altcoins with cautions. Ethereum is also one of the best performing cryptocurrencies after bitcoin, but bitcoin always supersedes it and can only be the only coin to have full confidence in to always bounce back. Other altcoins also make it back after a big crash but only few of them that have been tested and trusted can be relied on after a crash hits the market.
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Article link: Crypto Crash Survival: Top 2 Coins to Buy Now & Get Rich (https://watcher.guru/news/crypto-crash-survival-top-2-coins-to-buy-now-get-rich)
What do you guys think? Do share your valuable input so that we can have a good discussion on this thread.
This is not entirely accurate, the best thing you can do at that time is to convert your profits from Bitcoin to cash and then buy again when the bottom is confirmed, or buy stablecoins, but then there will be some risk of losing their value, although I think the risk ratio will be less than leaving your investments in the form of Bitcoin, Ethereum.
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What do you guys think? Do share your valuable input so that we can have a good discussion on this thread.
For those who have been in the market, yeah it's obvious, we all know that Bitcoin and Ethereum could be a good hedge against financial crisis. One last good example is during the Covid-19 outbreak, nobody really know what is going to happen to all of us, and so there could be some people who withdraw their money but didn't know where to put it. Others have put it into Bitcoin right away as a hedge because of uncertainty. And it really proved that it's the best move. And now that it is over, and during the last great bull run in 2021, many could have profited big. So it's just rinse and repeat strategy, we are in this situation again and Bitcoin and Ethereum could really bring another big profits to all of us.
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What do you guys think? Do share your valuable input so that we can have a good discussion on this thread.
For those who have been in the market, yeah it's obvious, we all know that Bitcoin and Ethereum could be a good hedge against financial crisis. One last good example is during the Covid-19 outbreak, nobody really know what is going to happen to all of us, and so there could be some people who withdraw their money but didn't know where to put it. Others have put it into Bitcoin right away as a hedge because of uncertainty. And it really proved that it's the best move. And now that it is over, and during the last great bull run in 2021, many could have profited big. So it's just rinse and repeat strategy, we are in this situation again and Bitcoin and Ethereum could really bring another big profits to all of us.
To those who had took such risks on the time that the market did crash because of that pandemic situation then people would really be finding up ways or places on where they could be able to put up their funds. For sure tons of people had missed out crypto investment on that time on which you cant blame them on on which considering that crypto isnt really that
known yet globally. You would really be that skeptical into that time on which its not something shocking on this matter. For those who did take up the risks then
they are the ones who had been able to take up such benefit on the time the market did shoot up into the moon.
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To those who had took such risks on the time that the market did crash because of that pandemic situation then people would really be finding up ways or places on where they could be able to put up their funds.
only rich people could have taken that risk during the pandemic a lot were barely surviving and almost everyone was losing their jobs it was such a dire situation that even those with funds already in bitcoin had to pull them out just to stay afloat
For sure tons of people had missed out crypto investment on that time on which you cant blame them on on which considering that crypto isnt really that
known yet globally.
in some sense that is true during the pandemic many dived into the internet to search for things they could make a profit out of so a lot of online businesses thrived that time and many people got into online games in which you can earn working from home became the norm and now is being sought out by many
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That's what some Bitcoin enthusiast and maximalist said for years, which boils down to "Buy and HODL Bitcoin". Reason stated on the news are somewhat solid, although the fact they've been around for long time and supported by many software/company also are solid reason.
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Look at the way the price of Bitcoin has reverted in just a few days and is again going strongly. A lot of inflow is coming from the Bitcoin ETF which is why the volatility is less as compared to before ETFs were launched. I do not see the reason why the articles talk about Ethereum as it has always followed the path of Bitcoin. I also do not see any positive impact on its price after its ETFs have started trading. If the inflow from them was good by now the price would have gone up.
Bitcoin has proven to be a very reliable one when it comes to price comeback and right now with the help of strong ETF inflows we can be sure that by next month things can even be more rosy. Unfortunately, things are not the same with Ethereum as inflows on its ETF remains to be a big problem but still am sure that soon this will change dramatically...we just have to give it some time. Hopefully in the last quarter of 2024, Bitcoin can achieve a new ATH giving it more leverage into 2025.
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To those who had took such risks on the time that the market did crash because of that pandemic situation then people would really be finding up ways or places on where they could be able to put up their funds.
only rich people could have taken that risk during the pandemic a lot were barely surviving and almost everyone was losing their jobs it was such a dire situation that even those with funds already in bitcoin had to pull them out just to stay afloat
For sure tons of people had missed out crypto investment on that time on which you cant blame them on on which considering that crypto isnt really that
known yet globally.
in some sense that is true during the pandemic many dived into the internet to search for things they could make a profit out of so a lot of online businesses thrived that time and many people got into online games in which you can earn working from home became the norm and now is being sought out by many
I have to disagree at some of your points, I think those who have gotten their stimulus package, they could have invested it on Bitcoin because as far as I can remember, there are a lot of posts in Twitter about people investing it to Bitcoin. So who knows, maybe in the beginning of the pandemic 2020 and at the end of that year, they could have put their money on it and then see it grow next year 2021, that could be the best time to withdraw and probably make money and profits instead of just spending it all along that timeline.
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Bitcoin has proven to be a very reliable one when it comes to price comeback and right now with the help of strong ETF inflows we can be sure that by next month things can even be more rosy. Unfortunately, things are not the same with Ethereum as inflows on its ETF remains to be a big problem but still am sure that soon this will change dramatically...we just have to give it some time.
I would not agree that there have been strong inflows for some time, it's more of a kind of sporadic buying that very quickly results in outflows - which means that people use spot ETFs for quick profit. If you look at the following picture, you can clearly see a pattern, one month we have increased inflows, the other month outflows.
(https://www.talkimg.com/images/2024/08/30/9EGNc.png)
Hopefully in the last quarter of 2024, Bitcoin can achieve a new ATH giving it more leverage into 2025.
We can hope for that, but that ATH may not be what many are hoping for, and most expect at least $100k. For me, success would be even if we reach $80k, and then continue upwards next year.
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I have to disagree at some of your points, I think those who have gotten their stimulus package, they could have invested it on Bitcoin
no offense mate but are you from a third world country? if yes you would have known how bad it was during the pandemic
because during the pandemic countries who were already poor suffered even more that even stimulus packages were not enough families were hungry and some were sick and the help they were expecting from the government wasn’t even enough to actually help them which is why i wouldn’t blame it on them if they were not able to invest money they didn’t have at that time
it wasn’t like they were spending the money on unnecessary things they were spending it to pay for their bills: house bills, childcare, healthcare and many more
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Myself also trust BTC/ETH more than any other crypto, even if these two dip, they do not affect me much, rather I always feel like it's an opportunity to buy more, though it's always a good idea to have some in stables to take advantage of the crash.
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Every period in cryptocurrency investment is an opportunity. An opportunity to either buy coins and wait for it to appreciate or an opportunity to sell the coins and take profits. Experienced crypto investors, particularly those who understand how the bitcoin market works will not panic during price dips. Rather, they will use that opportunity to accumulate more bitcoins. Those who understand Bitcoin price history should be very confident in their bitcoin investment, knowing well that no matter the price dip, bitcoin can never crash to $0.00. Those who bought bitcoin at around $50k+ few months back are obviously smiling now that the bull season has started.
I don't let some predictions get to me, I have my investment goals which has been working perfectly for me.
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Myself also trust BTC/ETH more than any other crypto, even if these two dip, they do not affect me much, rather I always feel like it's an opportunity to buy more, though it's always a good idea to have some in stables to take advantage of the crash.
i also see that these two biggest coins even when they dip they eventually go back up anyway unlike many altcoins that when they dip they can no longer go back up again so buying at their dip kind of feels useless but not bitcoin and ethereum even when they they dip they will not crash down they will still eventually set a new ath as we see now in this bull cycle
some will panic during a dip and be affected by the ever spreading fud but those who know better will buy at the opportunity and wait until the market goes back up to reap the rewards
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What do you guys think? Do share your valuable input so that we can have a good discussion on this thread.
I agree that BTC always recovers but not guaranteed in how much time, some people might think that after a dump BTC recovers its value quickly, its not true maybe you are thinking now BTC has been dumped and expecting a recovery but then realize market dumps further. So never take things for granted. Because BTC and ETH are also very volatile but in the long run we know that due to the mechanism of BTC, it will increase its value in price.
Let's take a simple example the analysis says the value of 1 BTC will always be higher than the mining cost, so if the mining cost is $100k then BTC might go below $100k but not for a long time. BTC is a good choice for the long term as it recovers back and spot traders won't have to lose the funds once for all.
Yes, there is a higher possibilities of Bitcoin price recovery than the altcoins because of dominance factors, consistent demands and low market supply especially from investors (eg long term investors, Holders).
I think Bitcoin is actually the best investment on the market because of it's quick recovery potentials; it obvious that investors, traders, holders had observed this features, making it a great investments coin any day.
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Yes, there is a higher possibilities of Bitcoin price recovery than the altcoins because of dominance factors, consistent demands and low market supply especially from investors (eg long term investors, Holders).
I think Bitcoin is actually the best investment on the market because of it's quick recovery potentials; it obvious that investors, traders, holders had observed this features, making it a great investments coin any day.
You replied on a very old post, how did you end up there BTW. Well, I agree with you, as recovery in BTC is high for example we can learn from El salvador they bought at the wrong time and they waited for like 5 years and now they are making 2x profit from their buyings. Things can go wrong for short term but investment in BTC will never go waste all we need is patience like El Salvador remained patient.
If we see the histroy the price of BTC made ATH in every bear cycle and the last one was too stressing that people even the OGz were saying it won't survive but it outperformed all of our expectations. It is the best investment as it is considered as digital Gold for a reason.