Have you guys seen your crypto funds today

[Stompix]

One has to love a thing about this crash analyzing it:

- MtGox moves coins to repay victims (BTC!!!)
- Altcoins crash faster then BTC!

The whole thing is just ridiculous, imagine if in the stock market, the crash of a company like Enron would affect the share price of Konami (in case you don't know it's a Japanese video game maker)

So, can anyone provide a real motive why selling BTC make fetch.ai drop at one point 50% on the month?

[Crwth]

It is my habit to check my funds with my accounts in CEXs and I wish hadn't seen it but it's just the truth in trading. All the speculation and happening could be directly related to your portfolio.

You must have stop losses in place so you won't lose a lot of money when trading but when just HODLing, it's really different. You have to accept those uPnL.

[Lucius]

~snip~
So, can anyone provide a real motive why selling BTC make fetch.ai drop at one point 50% on the month?

Maybe because everything depends on BTC? Every "disturbance" in the BTC market causes even greater disruptions in altcoins, because many have already learned that they should get rid of alts as quickly as possible when the price of BTC drops.

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.

What I see is that yesterday's inflow is around 2600 BTC, but on the first of July we had an inflow of 2000 BTC - so there is not necessarily a connection between the drop in the price of BTC and yesterday's results. The last big inflow into spot ETFs was about a month ago (over 20 000 BTC).

[ajiz138]

Actually, this is something we usually see from the market, but what surprises us is when we want to see the market continue to be green. In this way, we feel as if this is something new, even though it is not.

I think if we still believe in the increase in bitcoin that will occur, this is one of the moments when we can buy bitcoin again. If we have funds that we have prepared, then we can take advantage of this decline. But still be careful.

[Roseline492]

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.

That's just the best way to avoid being pressured on your Bitcoin investment because there always an awful feeling someone normally have whenever they see there investment on Bitcoin deprecating seriously and at that moment they will feel bad if they should calculate the amount of money that had already gone against them.

So actually I like what you said because always watching on there investment portfolio can possibly make them to change there mind about holding because no matter how determined somebody is on there holding but the moment they decided to monitor there portfolio it will always affect them psychologically, so actually if the person intentions is for holding they should just focus on that instead of watching there investment.

[MUGNIA]

situations like this it is better to stay away from wallets and exchanges, it hurts to see a very big minus, I have experienced situations like this in early 2019, and ended happily in 2020 - 2021 and this situation will always be experienced by crypto players so if you believe in more increases it's good to take a break for a while to get a change in the near future

[Gurujebs]

situations like this it is better to stay away from wallets and exchanges, it hurts to see a very big minus, I have experienced situations like this in early 2019, and ended happily in 2020 - 2021 and this situation will always be experienced by crypto players so if you believe in more increases it's good to take a break for a while to get a change in the near future

Some people don't even know that Blackrock and some other new institutional investors that are buying all this while are waiting for this drop, they ar doing dollar cost average buying all the cheap Bitcoin they can get before they send the price above $100k the next time Bitcoin start another run and when people that refused to buy will join them in the race helping them push the price.

Funny thing about this drop is that I remember when Bitcoin move from $50k to $60k, some were angry that they missed out but see them now, they are the ones reposting images of traders mocking them about how they warned them about Bitcoin and they never listen. They will wail again.

[bee]

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

Whether this is coincidental timing or not, fortunately Mt.Gox started making refunds when the bitcoin value was high enough, close to the ATH price.
Welcome and enjoy some OG's bitcoins returning to the market and discounted prices from normal days. I think there will be a lot of big parties eager to buy stack after stack until the discount slowly decreases and we miss out on taking part.

[Fivestar4everMVP]

Well, I am honestly now surprised by the recent declines we've witnessed in the price of bitcoin, which undoubtedly and as always expected, has affected several Altcoins, forcing most of them to lose their value more than 50 percent, it is no surprise at all and I also expect that this should come as a surprise to any crypto og, things like this happen often in crypto, and people like myself who have witnessed this alot of times should already have gotten used to it by now.

Bitcoin will bounce back in due time, and Altcoins will bounce back too, and I assure you all that, we will have our deserved bull run in the coming months not far from now.

[Metha Wulandarin]

Funny thing about this drop is that I remember when Bitcoin move from $50k to $60k, some were angry that they missed out but see them now, they are the ones reposting images of traders mocking them about how they warned them about Bitcoin and they never listen. They will wail again.

And so it will be
When Bitcoin goes down there is a fear of buying it for fear that Bitcoin will continue to decline but when Bitcoin increases they regret missing the opportunity to buy it.
I'm sure there must be others who have experienced this including myself but not in Bitcoin. Lol

[Jamal Aezaz]

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.

The market value is very low and those who have not sold their Bitcoin at 73k$ are in regret because the current value is 56k$ which is very reduced value but this is not time of panic selling and there is no need to regret for investment but it is the time where we can buy more coins and wait for bull run initiation.

If someone is not happy with such situations and is in doubt then he should keep his investment without thinking about the cost because very soon the situation will become favorable for all of us. The market is not going to reduce forever so be patient and don't lose your money by showing negative response and selling of coins at loss.

[Pastaral]

Current situation in the market is not very good as the Bitcoin market price was 61K last week and has decreased much from that to 57K this week.  So at this time investors are selling their bitcoins.  Because they don't want to take risks.  But they should always keep in mind that if they want to get something good, they have to take risks.  We all know how profitable it is.  So here investors are investing to do good at this time or they are taking risk.  However, they should always be careful that they do not panic by getting any wrong information.  If they are patient and careful, they will do better next time.

[koang]

situations like this it is better to stay away from wallets and exchanges, it hurts to see a very big minus, I have experienced situations like this in early 2019, and ended happily in 2020 - 2021 and this situation will always be experienced by crypto players so if you believe in more increases it's good to take a break for a while to get a change in the near future

You are right. When the market is like today, looking at prices all the time will only drain our energy and make our minds restless.
High price volatility of a crypto asset is normal and is part of market dynamics.
Stay calm, and take a little time to relax to prevent stress because stress can disrupt our investment strategy.

[ZAINmalik75]

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.

Why would people decide to sell low just to get stablecoins for what to get an entry again at a lower price. How low BTC can go let's say $50k or $45k not lower than that, and I assume most of the people already had buying at $30k and lower than that. Because this time there was more people who accumulated BTC at lower prices.  So why would these people be selling their funds now for some extra satoshi? This is not the right move it would be if a person had already done it before the dump.

But now it's just waiting for what we can do and we will see high selling pressure at the rate of $70k because people who kept patience and bear this dump, bought high will sell their assets at $70k. Therefore we will see a correction at $70k as well and this selling will only provide an opportunity for buyers thus more demand will be there increasing the pric of BTC.

[famososMuertos]

OP, let's go in parts, first without exaggerations, which abyss? I would believe that if we surpass the lowest value this year, which was in the range of +40K... then, yeah.

On the other hand, you are showing the Binance panel, and it is obvious that BNB always appears there, it is not the best comparison, in reality there are no better comparative parameters, other than with the same historical figures of bitcoin, stay calm.