August Market Chaos: From Gains to Losses and the Search for New Opportunities

[Hisbullah]

it is true that August is a very terrible month for the crypto world, we look at the historical records of crypto from year to year, most prices have fallen this month until the end of the year. In 2023, market prices also experienced a very drastic decline until the end of the year, but as the months and years went by, the price of bitcoin soared... I think this is an opportunity to save bitcoin because its history is the same as last year.

Yeah, historically, August is not a good month for us, we have seen negative gain for this month maybe in the last 3 years or so. Not sure what it is with this month that Bitcoin or the rest of the crypto is really not moving to where we should be expecting  them. But I guess, there could be momentary lull and this is this month and we can't do anything about it. But we will just have to wait and see or at least let things settle down for a bit. And after that, we are in the last quarter and maybe we will hear some news that will put the momentum back in the market and see the price for Bitcoin at $80k-$100k price range and then altcoin market having their own version of bull run as well.

We should have prepared USD before August, but unfortunately I was late selling my coins because I was so busy in the real world that I forgot to look at the market. I will use this as a lesson for the next cycle. This August we really saw Bitcoin drop sharply and struggle to rise again, and I could only wait because of lack of capital to buy.

[TomPluz]

I had accumulated a lot of tokens through engage-to-earn events on Twitter, but those seem to have disappeared now. I’m really hoping for some social or deposit events to pop up soon, and this time, I won’t hesitate to sell.

Yes it would be better to sell those coins to buy bitcoin instead. Bitcoin is less volatile than the shit coins. The shit coins can give you higher ROI but their fall would be of higher negative ROI. You can even prefer to DCA while buying bitcoin but make sure you do not leave those altcoins but sell them. Also do not buy any coin when the price is high already.

Bitcoin is known to make a dramatic rebound compared to other digital assets in the market...and you should know this if you know its price history. Of course, the big difference is that it would be a fantasy to expect for a x10 or x100 ROI with Bitcoin since it is now a very established asset and if one is looking for that great return then memecoins would be a big choice though it is also hard to determine which will make it among many new entrants. Now, if one is really serious with BTC then one should use the DCA strategy and it can be the best ticket into financial freedom into the future.

[ajiz138]

it is true that August is a very terrible month for the crypto world, we look at the historical records of crypto from year to year, most prices have fallen this month until the end of the year. In 2023, market prices also experienced a very drastic decline until the end of the year, but as the months and years went by, the price of bitcoin soared... I think this is an opportunity to save bitcoin because its history is the same as last year.

Yeah, historically, August is not a good month for us, we have seen negative gain for this month maybe in the last 3 years or so. Not sure what it is with this month that Bitcoin or the rest of the crypto is really not moving to where we should be expecting  them. But I guess, there could be momentary lull and this is this month and we can't do anything about it. But we will just have to wait and see or at least let things settle down for a bit. And after that, we are in the last quarter and maybe we will hear some news that will put the momentum back in the market and see the price for Bitcoin at $80k-$100k price range and then altcoin market having their own version of bull run as well.

We have to be a little patient through this month and I think this is nothing compared to what we saw previously where we were at very low prices at that time. It is proven that even though the market was not friendly this month, previously we could smile at the increase experienced by Bitcoin.

Those of us who have experienced situations like this many times should no longer be surprised, in fact we can make the best of situations like this.

[Cryptsafe]

In my opinion, choose a coin that is safe for investing in crypto, Bitcoin is the main choice. And if we use funds that we are prepared to lose that is good, but no one invests to lose, that's why we have to do research first before buying a coin so that we don't lose. Top coins are good coins for investment, so you don't need to think about losing as long as we buy when the price is low we won't lose.

It is good one chooses old coin for investment but before they do that, they should do their due diligence because at some point, market do encounter corrections and retracement in price and that most at times lingers for a long period so in other for one not to get stucked, it would be okay doing your research properly so that the unfortunate does not happen in between.

Although top coins have the potential and can recover irrespective of how dip it went. It can only be a matter of time as the case may be for it to recover but it is a sure thing that it would definitely recover from the market drop if it did drop.

[Ujok]

it is true that August is a very terrible month for the crypto world, we look at the historical records of crypto from year to year, most prices have fallen this month until the end of the year. In 2023, market prices also experienced a very drastic decline until the end of the year, but as the months and years went by, the price of bitcoin soared... I think this is an opportunity to save bitcoin because its history is the same as last year.

Yeah, historically, August is not a good month for us, we have seen negative gain for this month maybe in the last 3 years or so. Not sure what it is with this month that Bitcoin or the rest of the crypto is really not moving to where we should be expecting  them. But I guess, there could be momentary lull and this is this month and we can't do anything about it. But we will just have to wait and see or at least let things settle down for a bit. And after that, we are in the last quarter and maybe we will hear some news that will put the momentum back in the market and see the price for Bitcoin at $80k-$100k price range and then altcoin market having their own version of bull run as well.

We should have prepared USD before August, but unfortunately I was late selling my coins because I was so busy in the real world that I forgot to look at the market. I will use this as a lesson for the next cycle. This August we really saw Bitcoin drop sharply and struggle to rise again, and I could only wait because of lack of capital to buy.

August is a terrible month where the price of coins is decreasing and we can also see last year bitcoin also started to decrease in price in August but after the decrease it was also juxtaposed with an increase but after a few months ahead... I am very sure bitcoin will soon show its specialty and the market will be colored green. so be patient with this situation my friend.

[doc]

August is a terrible month where the price of coins is decreasing and we can also see last year bitcoin also started to decrease in price in August but after the decrease it was also juxtaposed with an increase but after a few months ahead... I am very sure bitcoin will soon show its specialty and the market will be colored green. so be patient with this situation my friend.

many see august as a bad month for crypto, like this august we saw bitcoin nosedive, as did last august. i think bitcoin price will return to near $70K after september. so we better keep waiting because bullish season will still happen next year.

[luckyledger]

August is a terrible month where the price of coins is decreasing and we can also see last year bitcoin also started to decrease in price in August but after the decrease it was also juxtaposed with an increase but after a few months ahead... I am very sure bitcoin will soon show its specialty and the market will be colored green. so be patient with this situation my friend.

many see august as a bad month for crypto, like this august we saw bitcoin nosedive, as did last august. i think bitcoin price will return to near $70K after september. so we better keep waiting because bullish season will still happen next year.

Accumulating BTC mainly with ETH should be our priority, in my opinion. It's an opportunity that will close up soon

[Cryptsafe]

August is a terrible month where the price of coins is decreasing and we can also see last year bitcoin also started to decrease in price in August but after the decrease it was also juxtaposed with an increase but after a few months ahead... I am very sure bitcoin will soon show its specialty and the market will be colored green. so be patient with this situation my friend.

many see august as a bad month for crypto, like this august we saw bitcoin nosedive, as did last august. i think bitcoin price will return to near $70K after september. so we better keep waiting because bullish season will still happen next year.

We hope September comes with a good green light this time around because it's been a tough and rough ride for the crypto community these periods.  I was curious as to what really happened after the halving because we all know that after halving, the bull market comes up but till this moment the market is still struggling. In fact the price seems to reach ATK before the halving and after that it was just stucked and have not been able to surpass the price before halving. I am still wondering what must have caused it.

[erus]

Unstable in August for price changes between red and green because every day, hour, minute and second the cryptocurrency price always changes rapidly. If OP feels a price drop in August then I make sure OP buys when all markets are green and in August the cryptocurrency market drops drastically. Take it easy if OP buys Bitcoin because maybe next at the end of December 2024 the Bitcoin price will go up (this is just my guess).

[luckyledger]

Unstable in August for price changes between red and green because every day, hour, minute and second the cryptocurrency price always changes rapidly. If OP feels a price drop in August then I make sure OP buys when all markets are green and in August the cryptocurrency market drops drastically. Take it easy if OP buys Bitcoin because maybe next at the end of December 2024 the Bitcoin price will go up (this is just my guess).

Those who wait out the waves in the ocean will see the bright light after the storm I agree with you, accumulating BTC would be a good plan going forward.

[erus]

Unstable in August for price changes between red and green because every day, hour, minute and second the cryptocurrency price always changes rapidly. If OP feels a price drop in August then I make sure OP buys when all markets are green and in August the cryptocurrency market drops drastically. Take it easy if OP buys Bitcoin because maybe next at the end of December 2024 the Bitcoin price will go up (this is just my guess).

Those who wait out the waves in the ocean will see the bright light after the storm I agree with you, accumulating BTC would be a good plan going forward.

We better believe in Bitcoin because by having Bitcoin the same as having trust in digital gold. It will feel much different feelings if we have Altcoins which can be a hard dump for the price dump, not to mention the issue that is given by competitors so that the altcoin can be left by the developer. It also depends on for August or other months because I trust more Bitcoin for Hodl.