Big dip here we come

[Freemind]

I don't think it has to do with the tweet. I think it was because president biden said to propose almost doubling the capital-gain tax for the wealthy. Though I have been expecting this fall in price.
Not just because Biden was planning to increase tax for the wealthy but because the US government has a way of always wanting to regulate prices.

The cryptocurrency market has been bullish for quite sometime and this is a way to regulate prices and gains in the market.

But has Biden or anyone in your administration said that these taxes will apply to any kind of profit made through investing or is it just for the traditional investment market?. I ask because so far I have not found information about it and I think the difference would be very big in terms of money if it were applied to all markets and investment modes.

[Arkann]

I don't think it has to do with the tweet. I think it was because president biden said to propose almost doubling the capital-gain tax for the wealthy. Though I have been expecting this fall in price.
Not just because Biden was planning to increase tax for the wealthy but because the US government has a way of always wanting to regulate prices.

The cryptocurrency market has been bullish for quite sometime and this is a way to regulate prices and gains in the market.

But has Biden or anyone in your administration said that these taxes will apply to any kind of profit made through investing or is it just for the traditional investment market?. I ask because so far I have not found information about it and I think the difference would be very big in terms of money if it were applied to all markets and investment modes.

The fact is that so far not a single country has real legislation that would regulate the taxation of cryptocurrency assets. Based on this, rich people begin to invest a significant part of their profits in cryptocurrency, while only declaring these assets, but in fact they are not taxed. But what Biden meant we will see later.

[ayatoslaw]

I don't really believe the news, because news tends to lead to public opinion, I trust the bitcoin chart more,
and as you know, the condition of the bitcoin chart is overbought, and it is very natural if bitcoin was corrected in last April,
now bitcoin has tried to recover and will continue its bullish trend.

[syedrasool2011]

In one way we think market will dump more but it just small  dump about 4k bitcoin dump to 53k again it pump to 55k don't be panic Let's open our eyes and mind to research there are coins far better than Bitcoin, Doge,Eth, and so on. Invest on them to make huge cash out am also holding my coins I will not sell them in panic I will hold them for 1year hold is gold.

[Jaephoenix]

I don't think it has to do with the tweet. I think it was because president biden said to propose almost doubling the capital-gain tax for the wealthy. Though I have been expecting this fall in price.
Not just because Biden was planning to increase tax for the wealthy but because the US government has a way of always wanting to regulate prices.

The cryptocurrency market has been bullish for quite sometime and this is a way to regulate prices and gains in the market.

But has Biden or anyone in your administration said that these taxes will apply to any kind of profit made through investing or is it just for the traditional investment market?. I ask because so far I have not found information about it and I think the difference would be very big in terms of money if it were applied to all markets and investment modes.

The fact is that so far not a single country has real legislation that would regulate the taxation of cryptocurrency assets. Based on this, rich people begin to invest a significant part of their profits in cryptocurrency, while only declaring these assets, but in fact they are not taxed. But what Biden meant we will see later.

Yeah I think this is a more plausible and reliable explanation. The US have a huge crypto followership, so the Biden tax thing is going to hamper crypto investments by American whales

[vegasus]

Everytime the Bitcoin price drops, altcoins'prices wil be awlays following dropped, several times drops than dip. This is normal enough as we know the rules of cryptocurrency.However, we may not be panic about that because as long as it is a small dip, it is nromal and will be back again to the icnreasing price. That is why never panic and stay calm with the price.

[Falcon]

I think that this failure will not last long and soon the exchange rate will come back, I still do not understand what caused the fall in the whole market

if I'm not wrong most of the time when the market diply crashed. It is about the fear uncertainties and doubt. We can take a look some time the correction relation after the market is continues in rising. Correction, bear season, and fear uncertainty and doubt are some possible factors when there is crash.

[Senin]

I think that this failure will not last long and soon the exchange rate will come back, I still do not understand what caused the fall in the whole market

if I'm not wrong most of the time when the market diply crashed. It is about the fear uncertainties and doubt. We can take a look some time the correction relation after the market is continues in rising. Correction, bear season, and fear uncertainty and doubt are some possible factors when there is crash.

If you look at the cryptocurrency market from the outside, it is impossible not to notice that this year the prices for a potential cryptocurrency have increased many times. In general, this is good for the participants in this market. However, new investors should invest in the same amount of cryptocurrencies, now several times more of their money, and of course, they will feel uncomfortable at the sight of a periodic market fall. In this regard, it seems to me that a further rise in prices in this market will not be as simple as it seemed before when we looked at various charts showing the further growth of the cryptocurrency market.

[de_prof]

The crypto market experienced a huge dip, with the charts bearing gifts of red candles for many of us, and about 10 billion wiped out of the market. Binance obviously had the lions share of the clean up with 90%.
I think the cause of the dip is an unconfirmed tweet stating SEC is investigating many projects. https://twitter.com/Fxhedgers/status/1383611847144730626?s=19
Was I right and whats your take?

Yes, I see crypto currency  dips now, but It's just correction. I believe it will rise again soon..Because This think crypto will have good progress ta this year, So buy when dip and hold it. We will get big profit when bullish.

[Freemind]

I don't know where you see those dips. Some altcoins are going higher than ever (Doge is off the chart) and Bitcoin is only getting corrections, remember that Bitcoin's dominance has dropped a lot in recent weeks, this is why some altcoins are going so high, there is more money, but more distributed.

[Ferki]

I think that this failure will not last long and soon the exchange rate will come back, I still do not understand what caused the fall in the whole market

if I'm not wrong most of the time when the market diply crashed. It is about the fear uncertainties and doubt. We can take a look some time the correction relation after the market is continues in rising. Correction, bear season, and fear uncertainty and doubt are some possible factors when there is crash.

That is fundamentally wrong what you are saying. All of these things come after the crash. And correction remains correction

[Ferki]

The crypto market experienced a huge dip, with the charts bearing gifts of red candles for many of us, and about 10 billion wiped out of the market. Binance obviously had the lions share of the clean up with 90%.
I think the cause of the dip is an unconfirmed tweet stating SEC is investigating many projects. https://twitter.com/Fxhedgers/status/1383611847144730626?s=19
Was I right and whats your take?

Yes, I see crypto currency  dips now, but It's just correction. I believe it will rise again soon..Because This think crypto will have good progress ta this year, So buy when dip and hold it. We will get big profit when bullish.

You need new glasses, bro 

[Gurujebs]

I've used this current price drop to buy some Bitcoins. It will be a test or experiment. I'm not going to hold it for a long time, and will be happy to sell them when the price returns to $60k+.
Consider this deep as an opportunity.

Your aim to hold for short term is wise choice because I have observed that the situation of market isn't like how it used be around early January.
This bull run wouldn't last long in my opinion, though some alcoins may dominate the market and steal the action of market trend.

[cheezcarls]

No matter how much it dips in the market, the coins and tokens are rebounding back stronger than ever. However, this is great news for those who want to buy back the coins or tokens at discounted prices. In other words, it's a "bloodbath sale".

But for now, it seems that Bitcoin is currently trading sideways while Ethereum, BNB, DOGE, etc., are mostly going up and rebounding when experiencing a slight decline. I don't mind about the big dip, because it will always rebound and may experience another bull run.

[Jaephoenix]

Everytime the Bitcoin price drops, altcoins'prices wil be awlays following dropped, several times drops than dip. This is normal enough as we know the rules of cryptocurrency.However, we may not be panic about that because as long as it is a small dip, it is nromal and will be back again to the icnreasing price. That is why never panic and stay calm with the price.

As you can see, there's a new trend in crypto now. There is a bitcoin-altcoin decoupling due to investors jumping into alts like ethereum, stellar lumens, tron, bnd. This is quite a refreshing development