Have you guys seen your crypto funds today

[Metha Wulandarin]

Today we were shocked again by the huge drop of Bitcoin and followed by Ethereum, BNB and Solana a huge transfer of funds and sale of Bitcoin that made Bitcoin plunge directly into the abyss.

Mt Gox moves 47,228 BTC ($2.71 billion dollars) from cold storage to a new wallet.

https://mempool.space/tx/2171d96446f26e86aa09321424d7cc6fd1a06bbcef5a855bf554ea08d42a6217

Whether this will be a new burden for Bitcoin heading into the bullish season remains to be seen as there could be a subsequent decline.

[Faisal2202]

Whether this will be a new burden for Bitcoin heading into the bullish season remains to be seen as there could be a subsequent decline.

I did not see my funds today and we should better not to be because it will creat a panic and stressful situation for holders. This tip is only for holders because they have to hold the funds for longer period of time and if they will see the market again and again, they will fall prey to market sentiments and become a victim of FUD and FOMO and other sentiments and will plan to sell all of there funds or some.

While that's not right for a holder, because this dump we are seeing is not permanent maret will recover from this point very soon once the all distribution happening from MT gox and selling happening from Germany will come to an end. But till then we have to be patient.

[Ojima-ojo]

We have seen the worst even in an unexpected ways, like the FTX collapse that forced the entire market to go on it kneel, and before the recent market breakout, we have to build some confident in the market and also to look out for any possible chance to buy more bitcoin at discounted price.

Let see what goes on with the market in the days ahead but even at that I am not surprised to see this current red market.

[electronicash]

We have seen the worst even in an unexpected ways, like the FTX collapse that forced the entire market to go on it kneel, and before the recent market breakout, we have to build some confident in the market and also to look out for any possible chance to buy more bitcoin at discounted price.

Let see what goes on with the market in the days ahead but even at that I am not surprised to see this current red market.

but its not yet done. it will retest that $53k support line once again in the next few days to weeks. if the selling of those BTC stops we may see a bounce but don't expect too much of it yet.

it would be an opportunity for DCAing actually. i would really be stacking sats if i have the money to pour for this opportunity.  wait 2-4 weeks, it will be going up faster than you can buy in the price below $60k.  just as what others were saying , this is a manipulated market dip. and  i certainly think so too.

[Zed0X]

Blood on the streets! Reminds of a meme that I see every time this happens, someone drinking coffee saying 'he's fine' while everything around is burning

I don't check the value of my portfolio unless I want to sell. It's not the time yet that's why I'm still cool despite the red.

[taufik123]

It was quite surprising when the Bitcoin market went into bearish mode so quickly.
Even though the price of Bitcoin has recovered quite well in the last few days, but when some news of Mt.Gox payments were made again this July, the price of Bitcoin suddenly plummeted.

And don't ask whether the portfolio is minus or not, which of course there are many disadvantages.
But as long as it does not sell at a low price, it is still quite safe.

Now just buy it back at a cheaper price if you still have spare money.

[Captain Corporate]

I understand the fear that many of you have, and I understand that you may see this drop as something quite bad but the reality is that its a lot more common than people think it is. I believe that we shouldn't really consider what we have right now as bad because its just some time that happens quite often and we could get a better result from it as well. This isn't really anything that marginal, because people have seen this before and it did not change much. We should consider the fact that this has happened before and we have seen it be better and the results weren't bad. The price drops like this all the time and after a while it starts to go back up. Considering we are right after halving, we may see 100k+ and none of that would be shocking to us, we just need time for that to happen. All of these drops are fine, and its so easy to predict that the price will go up a lot more, we just need to wait and do not be afraid.

[LogitechMouse]

~
Whether this will be a new burden for Bitcoin heading into the bullish season remains to be seen as there could be a subsequent decline.

Yes, it will be a new burden. It will be a new burden for those users who are tired of seeing the crypto market going down for the last couple of weeks. It will be a burden for those people who bought Bitcoin at the $70,000 and panicking now.

A subsequent decline = a great opportunity for us, isn't it? I mean isn't it better to buy Bitcoin at $55,000 rather than buying it at $70,000? TBH, the price movement of Bitcoin in the last few weeks is a bit surprising for me because I believe that we will be bullish for the rest of the year already, but I was wrong. Even though I'm wrong, I'm not disappointed or panicking whatsoever. I looked at my crypto portfolio yesterday and I was down more than half already. Despite being down half, I feel happy because I have the opportunity to buy more.

For those new users out there, don't panic when you see the market declining for quite some time. If you have spare money, use it to buy even more cryptocurrencies. Your welcome. .

[Fiatless]

We have seen the worst even in an unexpected ways, like the FTX collapse that forced the entire market to go on it kneel, and before the recent market breakout, we have to build some confident in the market and also to look out for any possible chance to buy more bitcoin at discounted price.

Let see what goes on with the market in the days ahead but even at that I am not surprised to see this current red market.

The approval of Bitcoin Spot ETF brought so much attention to the market. There were predictions that the price will keep increasing till next year. The price went up as expected but there was also a need to be careful because there will always be a correction. So like you said I am not also surprised to see the price drop recently because it was already predicted. If I had the money, I would have bought more Bitcoin because this might be one of the lowest prices Bitcoin will be in the next seven months. With the global economy recovering gradually and inflation dropping, we might see so much growth that will make Bitcoin hit a new ATH.

[bhadz]

Many don't like what's happening in the market because it has been so low. But you folks focus always on the dip but not on the gains that has happened to Bitcoin. If you're going to take a look at what has happened for its recovery, it has been up since yesterday.
So, if you always look at the value of your portfolio and portraying disappointment with it, don't look at it when the market crashes.

[pakhitheboss]

Many don't like what's happening in the market because it has been so low. But you folks focus always on the dip but not on the gains that has happened to Bitcoin. If you're going to take a look at what has happened for its recovery, it has been up since yesterday.
So, if you always look at the value of your portfolio and portraying disappointment with it, don't look at it when the market crashes.

Spot on! Bitcoin cannot always remain in green. Red is good for Bitcoin as the next time when it goes green those who took position when it was red would get good profit. Currently that what happened as through the ETFs institutional investors and big investors bought Bitcoin yesterday.
https://cointelegraph.com/news/spot-bitcoin-etfs-record-143m-inflows-july-6

[Metha Wulandarin]

Many don't like what's happening in the market because it has been so low. But you folks focus always on the dip but not on the gains that has happened to Bitcoin. If you're going to take a look at what has happened for its recovery, it has been up since yesterday.
So, if you always look at the value of your portfolio and portraying disappointment with it, don't look at it when the market crashes.

It's not that if we focus on the decline of Bitcoin it's good that we can buy when Bitcoin experiences a large enough decline as is happening now and sell it when recovery mode occurs.
Everyone must feel disappointed and regret for not selling before Bitcoin goes down but the problem is whether anyone can guess or predict with %100 correct, there is no right, And from yesterday Bitcoin continued to decline from $72k to now $55k there has been no recovery.

[Husires]

Stop constantly tracking your portfolio. The feeling of losing your assets will be devastating or lead you to make wrong decisions, and Bitcoin always heads upward in the long term.
Bitcoin's downward movement put pressure on the price of most altcoins, and therefore every trading pair is affected by the price of Bitcoin and is not suitable to be part of your asset diversification policy.

[bhadz]

Many don't like what's happening in the market because it has been so low. But you folks focus always on the dip but not on the gains that has happened to Bitcoin. If you're going to take a look at what has happened for its recovery, it has been up since yesterday.
So, if you always look at the value of your portfolio and portraying disappointment with it, don't look at it when the market crashes.

Spot on! Bitcoin cannot always remain in green. Red is good for Bitcoin as the next time when it goes green those who took position when it was red would get good profit. Currently that what happened as through the ETFs institutional investors and big investors bought Bitcoin yesterday.
https://cointelegraph.com/news/spot-bitcoin-etfs-record-143m-inflows-july-6

While it is very painful to check it on the spot when it's dropping but it won't last for a long time there.

Many don't like what's happening in the market because it has been so low. But you folks focus always on the dip but not on the gains that has happened to Bitcoin. If you're going to take a look at what has happened for its recovery, it has been up since yesterday.
So, if you always look at the value of your portfolio and portraying disappointment with it, don't look at it when the market crashes.

It's not that if we focus on the decline of Bitcoin it's good that we can buy when Bitcoin experiences a large enough decline as is happening now and sell it when recovery mode occurs.
Everyone must feel disappointed and regret for not selling before Bitcoin goes down but the problem is whether anyone can guess or predict with %100 correct, there is no right,

You're right that no one can predict when the drop will come 100% and that's why you have to set yourself at what price you'd sell. And whether a drop comes or not, you're already set and you just have to take the profit and enjoy it.

And from yesterday Bitcoin continued to decline from $72k to now $55k there has been no recovery.

From $72k? I don't think so.

[Z-tight]

Mt Gox moves 47,228 BTC ($2.71 billion dollars) from cold storage to a new wallet.

Mt Gox are set to begin repayments of lost funds to their creditors this month, and since we have a lot of weak hands in the community, this period may not be the best in terms of the price. So many people are going to make the decision of selling their coins or converting it to stablecoins for sometime.

However, the price can only dump for a short time, it will surely start rising soon, so from the way i see it, a dump is just an opportunity to buy more coins.