red day of the calendar

[Abubakar56]

From my research I believe the dump is caused by China but am not really sure yet about what that but today's dump was massive and nobody expected that and currently we don't really know what will happen next maybe we should still be expecting more dip or pump so if you are trading make sure you manage your risk and don't invest all your fund but I believe this is just temporary and we have been seeing something like this just matter of time bitcoin will bounce back.

[gabbie2010]

From my research I believe the dump is caused by China but am not really sure yet about what that but today's dump was massive and nobody expected that and currently we don't really know what will happen next maybe we should still be expecting more dip or pump so if you are trading make sure you manage your risk and don't invest all your fund but I believe this is just temporary and we have been seeing something like this just matter of time bitcoin will bounce back.

I agreed that the ban by the chinese government of cryptos related businesses was partly responsible for the massive dump and also Elon Musk influence too had contributed to the drop in the price however I believed that the price will get back to  it bullish runs in no distant future because the price had corrected to almost 30% which is quite reasonable and much more when compared to the previous monthly corrections.

[Anonylz]

From my research I believe the dump is caused by China but am not really sure yet about what that but today's dump was massive and nobody expected that and currently we don't really know what will happen next maybe we should still be expecting more dip or pump so if you are trading make sure you manage your risk and don't invest all your fund but I believe this is just temporary and we have been seeing something like this just matter of time bitcoin will bounce back.

I agreed that the ban by the chinese government of cryptos related businesses was partly responsible for the massive dump and also Elon Musk influence too had contributed to the drop in the price however I believed that the price will get back to  it bullish runs in no distant future because the price had corrected to almost 30% which is quite reasonable and much more when compared to the previous monthly corrections.

I also agree with you guys. I think it was first because Elon musk made that tweet about Tesla no longer going to accept Bitcoin and when the market was reacting to that, china made their own announcement of Banning crypto again and that just further accelerated the drop. Though the markets are getting back to normal again cos Bitcoin is trading between $39k-$42k and hope it keeps holding.

[nicecrypto]

I also agree with you guys. I think it was first because Elon musk made that tweet about Tesla no longer going to accept Bitcoin and when the market was reacting to that, china made their own announcement of Banning crypto again and that just further accelerated the drop. Though the markets are getting back to normal again cos Bitcoin is trading between $39k-$42k and hope it keeps holding.

I also think the market is hodling strong around that price $38k-$40k+ which is also a good signal that Bitcoin is not ready yet to go way down as most people think though I believe it might take some time, hopefully trading sideways for the time being but will certainly see a new ATH this year.

[Seerge]

This thread was created in April, but it looks like the situation is the same as it is now. The red market is burning and all the assets are down, this is what I think is a mental test. Where many people lose the value of their assets because of a deep enough decline, if we are not mentally strong then we can be stressed.  We can't beat anyone, because it's Crypto whose value fluctuates, so we have to be ready at all times.

[babu10]

Hello kryptans! what do you think about today's cryptocurrency market? What is the reason for such a sharp drop , all coins including bitcoin are in the red zone...what do you think about this?

When we engaged into crypto market, we got habitual about red and green zone of this market. As we faced year 2017 to 2020 dangerous red zone, there this red zone is nothing to us. Rather market still in good condition and hope very soon it will come back in green zone even from different countries crypto bann. Let's enjoy your time with hold your investment.

[Stuart]

This is caused by many factors from the government of different countries speaking against Bitcoin in one form of the other. US which made some charges on the use of Bitcoin, China government having its own storm against many crypto exchanges that are located in the China province, and also speaking on the total ban in the use of crypto withing the country. These are some issues that has made the market be in this bloodbath for this long. Well, as the crypto nature is, the reddish color present is for the correction the in price of Bitcoin, cause it has been on a steady rise over the past months, this is to slow it down for the time, but it's sure that the market is targeting something higher.

[shadowdio]

You know the FUD going on was the reason of the bear market like China banning mining cryptos, Elon tweets.. People starts to panic because of these negative news.. but still it's an opportunity to buy some cheap coins and hold for long.

[pelana vreo]

You know the FUD going on was the reason of the bear market like China banning mining cryptos, Elon tweets.. People starts to panic because of these negative news.. but still it's an opportunity to buy some cheap coins and hold for long.

Yes, buying coins when the price is down is a good decision but it carries a lot of risks and a big chance of profit.
The current situation of the crypto market is not what I thought it was in 2018, Bitcoin Price for 2 Days is at $35k and a price increase above $37k will be waiting for everyone, this is important because if Bitcoin is at the $32k level it can be. so the price will go down and the market situation will be red in a few months