Bitcoin Forum

I noticed the recent deep generally affected most of the ALT coin within 48 hrs turning Red. i bought EOS at $5.2 but i was panic to sell reason because most of my assets was greatly at loose and i couldn't bear the pain so i have to sell off most them to be able to secure them, not too long the market changes direction again and already i have lost most of my investment.

Do we expect another deep soon?
what is your intake, please be free to drop your comments.

Simply put, the current growth of crypto has become quite significant, so when a fall in the market occurs, we all panic between returning or stagnating and falling even more. that is the trap the whales set on small traders like us. not only you, personally I also like that. However, instead of seeing the red conditions going on, I better not visit the market for a while. because it will affect me mentally. Well, you are right about the panic that happened, but in the crypto industry things can change in unexpected times.

I chose not to visit the market, and always believed that after red there would be green. it's already a cycle. the most important thing is that we are right in choosing crypto.

I think you should never ever sell at a dump. Market doesn't goes down like 30% in a day. If it goes 30% down there will surely be a 15% retracement back on the upside. Try to sell on this upside retracement always. Same is the case when it comes to buying Don't buy in FoMo let the market settle the dusts and buy on the next retracement. I saw the market falling until 47 but didn't sell then the market went back to 52k and I comfortably sold everything at this point and now we are back to 49 range. Ideally I expect market to show a leg down till 40k before it moves back up.

it is not really easy sir, the whales are really drilling small traders and for us to overcome it to fund our account and have more funds so that if there is any deep we don't have to panic about the market.

Ask yourself: are the assets you're buying actually 'investments'? Because when you invest, you hold that certain asset for longer amounts of time. An investment isn't something you just immediately sell the moment it drops a few points.

As for more dips, no one knows. But tell you what: bitcoin has been the best investment you can make since the past decade. But was it's price chart just a straight upward trend in 10 years? Hell no. There was always price drops, even as big as 70%-90%. If you can't handle price drops, then 'investing' isn't for you.

The dip was real. Like the ones who waited for this dip I too was looking for this opportunity, the only difference is that I have not bought some BTC nor tokens because I thought it will continue to dip for the whole week.  One chance to buy the dip of ADA for as low as $0.80, that's how low it went yesterday.

What I think of it is that the good traders got the easy money well compare to the ones who overly analyze the dip.

I agree with his opinion, seeing the market when conditions are not good makes us mentally down. That is their tactic to lure us into selling our coins immediately, where we are faced with falling prices for quite a long time. So that we immediately sell it in fast time. This happens almost often, we panic and immediately sell the coin, because the chart shows the number of continuous decrease and after selling it the market price returns to normal in the next few days. Finally, we regret that we sold the coin at a loss, even though not much of our funds were lost, the feeling of regret is definitely there.

As he said, the condition of the market price does not always decrease (red), there will be a time when the price returns to normal, it's just their game that makes us panic and lose some of our funds. Indeed, patience is the key, that's where our patience is tested. Not only our patience, thoroughness and persistence in reading market prices are also tested there, it's just how we respond and make decisions with confidence in ourselves. Someone's emotions will definitely be disturbed if they see the numbers that keep getting red and the price of the coins decreases, if we just focus on that, we will only be consumed by the panic of the problem. It is not easy to control our own emotions, even experienced people sometimes still experience the same mistakes as you.

This is very bad time for all Cryptocurrency traders and for all investors, we know that on this time all altcoins price has very dump and already my portfolio has 50% from main balance,  i don’t know that when it will recover and i think now bitcoin's price will stable.            

For the crypto, there is a dump after every pump and there is a pump after every dump. I wasn't surprised about the recent dump, because market growth was so quick. If something happens so quick then it would last for a long. From that zone, I am expecting slowly bitcoin correction would happen. So at the same time, the overall crypto market would on correction mode as well. But I am not worried about correction if the Bitcoin price stays above $40K. If bitcoin somehow plays a stable role then the overall crypto market would start to recover. I believe many bagholders are waiting for a correction. So, don't expect that price will grow continuously.

It seems like you are new in the market if you don't know how to respond to something like an investment. You either hold it for a short or long amount of time depending when you would have to sell them. What you did is like scalping but in reality you were just panic selling due to what you feel by looking at your current investment.

The dip is resulted most probably by the tweet of Elon Musk plus considering those weak hands dumping just like what you did, OP. And now, new investors are having fun of buying the dip while gaining a profit when it's going to go up again. To tell you about what/when will this dip going to stop? No one actually knows it but look around here in the forum you will most likely gonna find what you were looking for.

This is the dip before the setting of a new ATH. I like to view it as one step back, two steps forward. Let's keep our eyes ready to hear the good news of a new ATH after this drop.

Common mistakes of a noob on where they do easily react out and panic sell when they do saw that their portfolio is dropping in usd price and when the market
tends to make some recovery then thats the time they do make out some regrets.Its pretty common even experienced traders or investors arent exempted with
the market volatility so asking off on expecting for another dip soon then no one can really tell.Take this as a lesson learn for you and with due experience
you can really able to handle up your emotion which is really a big factor on affecting someones decision.

You will not see any market being pumped for forever, the market will always make price correction before the next movement. If you are new to the crypto market then you should have less idea about this kind of situation. But if you are an old crypto trader then you must know how the market actually works. The Altcoin market has undergone a lot of correction due to Bitcoin's large dump, but altcoin will try to recover quickly when the Bitcoin market is stable.

The work you have done is a common mistake for new crypto traders. I think you should learn more about trading without opening any new trades.

No one can tell.

Panicking at such a drop will make you lose a lot if you have no certain plans before buying. You should have made a long-term plan and considered a drop to be faced by you and your investment.

But to give you an answer, we'll get an unlimited rise and as well as unlimited drop.

Correction as to cryptocurrency is a ritual just like the bull is also, it depends on the side that you are lucky or unlucky for fall under.  The deep has always been in expectation if you have been reading threads here. You are a newbie maybe you are seeing the eaves of the market for the first time. The bull is not always steady and deep too this is how people/investors make profit, is controlled by demand to supply. I'm not feeling the deep is not normal because bitcoin as the king is dropping and it must affect the altcoins including etheruem.

I also managed to match some 'market orders' that took a deep dip, and I'm happy.

I don't expect any big dip soon without any notable bad news. This one was expected as Bitcoin can't go only in one direction.

I am expecting more opportunities to come, specially for those who failed to buy their favorite coins during bearish days. This is our best chance to purchase them, and wait for recovery to happen. However, we should be picky for selecting the prospected asset, because you may fail if you won't choose the right point when to buy. Analysis is always the best key in order to deal with it with a certain actions.

Ohh, the dump has come, the bullish season had a step back and we are facing a huge market correction. These things can't be negative as we all know that dumping will certainly be happening anytime and there is nothing to worried about as this actually a common change that we experience since before. 

if we wanted to sell, make it now. In fact, if the declines continue we can buy back again which is what the traders had usually done.

Tecnically, if we see to the weekly candle indeed there is a sign that the bearish market will come. The previous weekly candle has been closed by the current candle. But we still need three days left to see what will happen.

But, it is just based on weekly candle, if see to high time like monthly time frame then we still in the bullish market. The monthly candle will be formed as a bullish belt hold which will give an indication that the bullish market still in control.

Always remember that the recent price dip was a former bull price. Take it easy. Instead of taking it as a negative, it's giving an opportunity for us to make another entry. In your situation, you got panic already that's why your emotion controls you.

A dip is a part of the healthy market. You should hug it from now or else your emotion will be the reason why you will have a failed portfolio.

if based on my analysis there will be another correction, but it won't be deep, maybe around 44k usd, it's just a moment and after that it goes up again, if you are in doubt save FIAT, but if you are not in doubt and hold on for the long term, then better save and reopen it in the next few months.

As saying goes, "expect the unexpected". It's just a wrong timing that you bought eos at high price but that reminds me of buying that eos before when it was newly launched. Hype and fud spread before that it goes to the moon and I bought eos at $11 and sell it at $3. Lol. Because after that massive drop for eos, it hardly pump and recoveres from it's first introduced price.

However, if bitcoin showed another bullish trend. The only thing you can do is just to hold your bought eos and wait for it to pump again. As you can see, altcoins seems to follow the king's steps as they're also in bloody price as well.

The market is very uncertain now. there's no way to be sure about what's going to happen. It just seems like the market is going into a consolidation phase which would give more than enough room for new entries since prices were on the high side since those were all time high prices.


Yeah, ADA's price dumped over 30% from the recent all time high giving more opportunities for new entries in order to join the next leg. It is recommended to keep in mind that we're currently buying tops so caution should be taken.

Hello, guys what is your opinion on btc price, do you think it can hit again 55k before it goes up again to new ATH or maybe even lower than 55k, where do you think the floor can be or the resistance ? Thank you

According to some researchers who conformed it, said altcoin is about to improve in the areas of pumping as never before. Since many altcoin investors really experienced failurr in their investment during the pandemic, that was causing bitcoin a massive pumping at the moment. Altcoin is about to put smile for the face of its customers, that experienced losses from their Investment.
 The good news is that altcoin is about to take a lead among all cryptocurrencies, according to my personal research I carried out some few days ago, show that altcoin is about to hit $50k soon for other to start dumping.

I believe this drop means another major player bought BTC and other cryptocurrencies. Moreover, it was not a fall, but an opportunity to buy cheaper. Then the price will return to its previous highs and probably the next stage of growth. I also believe that 2021 will be the year of growth in the crypto market, but after that there will probably be a deep correction. In any case, we all now have a great opportunity to make money on cryptocurrency, especially from those who bought it earlier.

My honest take to this is that weak hands will do the selling while strong hands just keep relaxing. Negative minds will always be thinking failures and that is how it evolves in you.
Why you don't sell it when the price is high? It is that because you are thinking that the rally will continue and you are greedy to think that it will double or triple your money if you will keep holding until such a time that it dumps and you are in a panic. If you are in the lose now, there is nothing have to blame but just yourselves.

 

It's never been a good idea to panic sell.

In my personal experience, I've just put myself into a lot of loss for doing that. It never does me good but instead, put myself into regret that I should've kept instead of panic selling.

Well; whether to expect a dip or bear market soon or not is not in my jurisdiction; but the flash dump for those 2 days are a glimpse of what to come whenever the bear market decides to show up. Can you stand such percentage losses? decide and take profits when due; so you are never in shock whenever the bear is here.

You mean dip, OP?
From the price that BTC moves into, seems like we can expect another though, but don't panic for now to buy a lot.
I would still hodl if I were you. You shouldn't have panicked though, as you mentioned in the OP.

My situation was very bad when i see that all altcoin has crashed, i see that that all altcoin price has very low. And also i invest my fund on altcoin, i don't know that when my portfolio will recover. 

That was a very bad time for all altcoin holder and for crypto traders. But i think now market will pump and all altcoin's price will high, actually if  bitcoin price is stable then all altcoins will high 

The most important thing coins we have chosen. If it's a potential coin like eos you trade, maybe I won't panic selling, because as we know EOS is one of the potential coins that are very good for trading. Why don't you try to hang on before thinking of selling it, because when the market is flushed, it will definitely come back green a few days later. This is where the test as a trader is where we have to control emotions. But I admit, sometimes I lose control emotions at a time.

When the price of the altcoin you bought starts to fall because BTC has experienced a deep correction, you don't need to panic to immediately sell it at a cheaper price so you experience a loss. You should have spare money to buy it back at a cheaper price, it will be better than having to Cut Loss. Altcoins will experience a rise again when the price of bitcoin stabilizes. Don't panic too much and use a good Money Management strategy.

Yes even in the middle of market dominance, expect that a dip will happen.

We need this correction as this is the best time to make another buy. You still not lose unless you sold.


I disagree with you. If successfully plan, this dip will be the key to more profits in the future as you are not forced to buy at the peak because or commonly called under FOMO.

I don't see why there shouldn't be another correction to the downside. It should be expected but in all just bear in mind that this is a bull year like we had in 2017. So, no matter what happens don't sell off in panic. At least, till we are in the last quarters of this year. We aren't through with the Bitcoin bull if you checked the data on its dominance in percentage of the general market cap. Any dip will find support to bounce back to the ceiling and that's what we expect from now till last quarters of 2021.

Yes please, I am hoping to have another deep soon as others do dream to happen. This is very important so that other cryptocurrency market will also grow consistently. For several years of waiting, altcoins was really a dead coin now and only few of them continued to bounce with sustainable value, how about the other token nice platforms. Let's give them a another chance to join the market competition.

Actually the pains is much seeing your asset going down immediately, it's heart touching and tempting most at time we have to manage ourselves to be able to come from the market pressure and pains sometimes we tried hard to make earnings.

Well, I have got your point, --perhaps there is a bounce-back of the price but this was expected among holders that there is a pullback right after a massive increase in the price. All market price was affected by the correction of the bitcoin and also altcoins, it is clear that altcoins do the same movement to bitcoin price. For the technical prediction that I read in some articles, it says that don't be panic because that is expected that there is a small pullback. However, in this case, there is nothing to worry about, if bitcoin will go down, that is a perfect time to buy bitcoin, I, --,myself wishing that bitcoin will down back more the price even at $30k price so that I can able to accumulate again.

Crypto won't be the one adjusting just to make everyone have a positive mindset about cryptocurrencies. That's not the idea that you should be thinking.
People must be positive in crypto because of its market and potential not just because of its increasing prices. In early 2018, many have found themselves in trouble because they've thought and impressed of crypto as an increasing only asset.

These a couple days I saw the movement in the market were almost altcoins are really performing so good and almost majority of them
so far are in green stage of level. Glad that I made a good choice to trade some of the alts and gave me a nice profit at the moment. And I
think it continue in the market to grow more for sure until end of next year in my own assessment.

We that studied business related course, believed that business has different faces (Business Cycle); peak, recession, depression, recovery, boom. So, fall in price is normal. What is important for the business man/woman (trader, hodl etc) is to have a reliable and dependable information on the investment or business.
I also sold some of mine token on that faithful day of some which I believed that are strong enough to o bounce back easily.

If you manage to analyze the situation and see some open chances to grab a good  position for your trade.

You need to take a  closer  look in order to assume what will be the next target goal, anticipating will be your key to generate good
profits, this market is a wide  open place to each traders who are chasing for decent benefits.

I do not think that market is "uncertain", in fact I believe market is as certain of whats going on as it gets, why? Because at the end of the day corrections happen and prices can't always go up and people took out their profits and with the realized profits they are either going to go out or just stay in and buy cheaper, however that correction needs to happen sometimes.

Think about it like running for a long distance, sometimes you stop and take a deep breath and then try to run again, or think of it like bow and arrow, it goes back first then goes super fast later. So long story short this is known, everybody knows whats going on and they are quite happy about it, I do not think that it could change anytime soon, we had a correction and we are going to end up with a good increase very soon on top of this, that is basically the whole story.

You made a mistake by selling your coins immediately, you should have had patience and waited for the market to climb up.

If you know you’re going to be panicking in situations like this and ending up selling your coins at loss, it’s best that you sell when the market is climbing up and you have profit, than waiting till things like this happens and you start running around to sell your coins and at loss. That’s why any money you’re investing should be what you can take when there is loss, I have a friend that lost during the last bullish market in 2017 and he never sold, he had patience till this year to be able to make profit again. So that’s just it.

Selling coins at a dump is not always a mistake if you have a specific plan of action. Very often, it is better to sell coins using a stop loss when the price falls, in order to buy at a lower price later. Otherwise, you will have to wait a long time, sometimes several years, for the price to recover and your losses will be leveled.

I think its normal but its kind of getting into some of the traders which has emotions, they FOMO or FUD that it might pop the bubble and end them up with nothing

We don't have to make others believe in bitcoin because as we do it, we are trying to sell something to someone which we don't ourselves believe in. Are we interested and looking to invest in the market? If the answer is yes then only we should even try to convince others.

The market is so strong with the big investors diving in, that even if we don't spread positivity about bitcoins still there will be a decent old in the market. the mentality to promote bitcoins should change because the market is massive and maybe 5 years ago it was a good idea to make others believe in bitcoins and talk positive but that isn't the case anymore.

Do we have to make people think positive about dollar? No, similarly we don't have to push bitcoin now, at least in my opinion.

For buyers who are waiting for the dip, it's a good feeling for them to see the market correct in order to buy at lower prices. Corrections like this are normal, as we always know that it would bounce back anytime just like the old days.

This is very common in the crypto market. Once we see the price of bitcoin falling, the altcoins starts to go down even faster than you can imagine. Just look at the charts when you see a slight downtrend in the price of bitcoin. You will see that altcoins are raining red. This happens because people starts to panic like you. Another reason might be that people starts selling their altcoins so that they can take advantage fo the bitcoin price dip.
You should have known better. Never panic sell. When price drops, the number of coins you are holding is still the same. It's the price that has dropped, not your coins.

Who knows. We might see further correction. Or maybe the price has already corrected itself.

its dip not deep but deep defines a simillar thing  and that is to go down .
your story was touching . you are willing to hold but your emotions are too strong and you finally sell .
i hate panic sellers before but i think that if im on their situation i will realized that you cant do anything but follow whats your heart and mind is saying .
if your done selling your done and dont look back what happen after that but start another journey if you wanted to .

Another deep will come and we know about that. But we can prepare for that deep by having money from selling the coins at a high price, so we can buy back the coin when the deep comes. EOS is one of many altcoins that can be up and down in the future because the altcoins always follow bitcoin movements, although not all of the altcoins will follow bitcoin. You do not need to panic when the deep comes because that can attract you to fast selling and you can not think clearly about what is happening on the market.

Yes, Bitcoin and Altcoin price correction is very likely to continue. 

More recently, we have witnessed a rise in the price of many altcoins and a parabolic rise in the price of bitcoin. 

Could this go on forever?  Of course not! 

The price of cryptocurrency assets rises cyclically.  Investors who have benefited well from recent gains want to lock in their profits.  Many people and companies are interested in Bitcoin.  However, they don't want to buy it and altcoins at a very high price. 

As a result of the price correction, they will have a desire to buy cryptocurrency, and this cycle will repeat.

but most at times, we don't have to be so mean about the profits if you we have sets a trade and it execute during the prediction or analysis we should be glad and over looking for much profits that why most of us (traders) looses their funds in the process of making much quest.

dollars has been there for a long time and people has so much believed even without spreading it, they already knows about the dollars.
In this point, we have to make good positive impact about the bitcoin, not only making good positive but to make them know that it has come to stay without and everyone should know about it.

I find it healthy because this little correction allows us to re-arrange and fill up our portfolios better. In my case, I added Venus because at $85 is was way overpriced, but at $50 is fine, considering the BSC DeFi hype.

In terms of technical analysis, looking at BTC in weekly time frame is show that the strong bullish move from 1st Feb. to 22nd Feb. 2021 that pushes the price from $32K to above  $58k created an imbalance. As for me I expected the dip down to $42k within this week and the coming week to fill the imbalance created between $32k and $58.  Which might determine a strong move again.

I'm anticipating more dip as correction in price, so this dip is an opportunity for the ones looking for it to buy.

One this is for sure after a pump there will be a dip. Not all the times those coins will just pump and if it happens that the coin you bought dipped you don't need to sell it for a loss because it will eventually grow back or even more. You should learn to control your emotion in this kind of market because it does not work on our side. If you saw your portfolio in bloodbath then just hold it. That is why it is necessary for us to have TP or at least set a Stop loss. Besides, I think this correction is healthy for the market because this creates an opportunity for everyone to procure more and push it to set a new ATH.

You are right about not selling at the lost price but it also depends on the coin in particular and in the season we're where the market can suddenly leap to any trend, invest in centralizing and a high manipulated coin is never a good thing and I dont him selling his EOS cause the coin is among highly manipulated coin. However, it invests the amount one can afford to lose is the best investment decision whenever the market is full of doubt.

Usually bitcoin price movement will be pumped at saturday and sunday when institutional investor is on holiday. I've been seen it for several months back and seem like it still happen until now because the daily candle will be formed as a green candle which is indicated that the selling pressure will end.

And I just predicting, if the current price can stand and passed $50.000 barrier then its price move up again although the weekly candle will be formed as a red candle.  But, if the price fail to reach $50.000 and still at the current price and below then I'll predict that the next price that can be reached is $40.000, that is the next strong support.

$40k price is still in a good position, it could give an opportunity for the investors to buy more because I feel that it surging back again after this short price correction and heading back to $60k. Maybe I was just too optimistic but the support level is still high to consider a huge bounce-back after this dump.

What we now, is not really a thing to cause panic, do panic selling, but this is a thing to prepare for buying more. I see no intense but positive vibes that we are able to see another ATH in the next few days.

That is the thing about this period that people do not realize and they do not think about the future enough. Bitcoin and altcoins could drop a lot, or maybe it will not drop who knows but even if it drops that is not a problem. You know why? Because the reality is that they could drop but just because it drops doesn't mean that it will keep dropping more and more and more, it means that eventually it will increase a lot and when it increases a lot you will be upset that you are not in it. So, what do I do?

I end up buying as much as I can afford, and up until it keeps going up, I will end up buying more and more, the more money I get the more money I end up spending on crypto, I have a decent portfolio right now and thanks to the huge increase recently I am still profit and even if it drops to level where I am not in profit anymore I will not be stopping.

Good analysis.

With all of those years that I've been holding and trading, I haven't observed that much but I've noticed the sudden movement and unpredictable movement during weekends.

It's always that there's something about to happen every weekends.

No matter how much you anticipate and analyze but the crypto market is astonishingly unpredictable and most of us profited with the bull run and hence I called it astonishing instead of weirdly unpredictable. The best thing I can imagine doing in such times is avoid trading alts and just stick with BTC. One thing to remember is that the acceptance in the market has increased, true, but for BTC and not altcoins.

The movement recent even made me loss a couple of bucks on the Tron I was holding but not too much and I already gained some when there was a small bull run going on with Tron. Yeah the market should grow for the remainder of the year specially as the Chinese year is over maybe that caused the prices to go down a bit.

Actually no time is wrong to invest, I think we can invest in down trend or up trend depending on how and how you wish to make investment.

Notwithstanding, rather than seeing the red conditions going on, I better not visit the market for some time. since it will influence me intellectually. Somebody's feelings will be upset in the event that they see the numbers that continue to get red and the cost of the coins diminishes, on the off chance that we simply center around that, we may be devoured by the frenzy of the issue.

The pumps and dumps happening within the market is the natural scenario and nothing exactly unusual to be scared about specially for the newbies. It has been months since Bitcoin have rise up from last years attainment of new recorded ATH so the dump happening might be a counterpart of it to just remain the balance within the market. Do not get afraid and panic into sudden dump for this is not the first time it happens. Just be observant on the market movement and surely you can be able to further understand what is happening so that your worries in mind will be at ease.

If we keep thinking about dumping, the more it changing our mindset to become negative. This mostly happens to doubtful people and every time they saw declining sentiment, they keep asking then when it dumps? Are we in the bearish season now?

If we are in this kind of investment, we can surely be expecting a situation like this. Yeah, this is not a thing to worried about, nor we have to panic because of a price correction. But I don't suggest people keep holding, If already in profit, then make sell our coins. We better wise as that only be a way to make money in here.

haha
that market is very volatile and most time it will take time to come up so by this aspect i will start thinking i should sell and recover some asset maybe later run i can buy more if the dip still continues.
so may trader makes profits during dip

Much depends on how many risky assets you have in your portfolio. If you have about 90% of risky assets in your portfolio and they were not bought at the lows of the market, then any drawdown in the crypto market will lead to the fact that the balance of your portfolio will drop quite strongly. And it will be psychologically quite painful. Few people can endure it. This can be avoided only by the fact that you have to buy at the bottom and average for some time and only then hold a profitable asset.

It is only wrong if you don't know what you do. And in that case, people are worried about your investment if you do that. It is what it is, you buy in a good or bad situation of the market, depends how you look at it. Looking long-term will make you feel good and not upset from doing that.
And listening to not investors will make you feel bad because they will only give you bad comments.

It isn't bad to listen to others but relying on it fully would really be a different story this is why you should really decide on your own because its your money after all.

You do have your own targets and goals towards it, this is why never ever listen to someone when it comes to price movement or speculation calls because this will only disrupt your decision making skills.

Market is always volatile and this is been a normal characteristic that people should really be get used on. It can either pump that high or would crash out in a certain period of time.

Recently I was also in panic with my tokens, so I decided to sell 40% of its quantity because of fear that it won't increase. Now I'm satisfied and happy and it goes down immediately after that decision taken action. Somehow we only need to figure out a sudden opportunity, because if you're going to lose that you might not have a second chance to grab it.
I just wanted to suggest, do what's best for and don't wait until everything turns zero.

sure buddy,
that was why i sold some of my assets too to avoid stories that touches that heart. most at times we miss and looses lot of good opportunities. so the best is just following your mind and trade with cautions.

Trading is not all about TA, reading charts, acquiring all the trading tools to look more effective but above, it was your mind and heart doing the final decisions.

I sell because that was what I feel...
I hold because that was also what I feel...

Because at the end of the day, either we are right or wrong, there is nothing to blame but just ourselves. That be fair, though.

I better not visit the market for some time. since it will influence me intellectually. I figured it will keep on plunging for the entire week. This happens regularly, we alarm and promptly sell the coin, on the grounds that the outline shows the quantity of ceaseless reduction and in the wake of selling it the market value gets back to business as usual in the following not many days.

It isn't bad if you listen to someone who gives you advice about investing in crypto and yet, they themselves are not investors? I would prefer to listen to someone who has experience rather than someone who's not really an investor and doesn't put where their mouth is.
What you said about not bad to listen and never listen to someone is contradicting.

panic that you experience will bring you at a loss. Spot trading is the safest trade, as long as you don't panic and cut losses. you are just wasting your money for nothing. Learn more about the basics of trading, panic can also be caused because you don't have good basic trading, you don't fully understand how to make good and profitable trades.

if so, what about you looses the asset without recovery for the duration you expected and sell of. after a while it bounces back at this point what do you do.

The few days dump is a sign that all bitcoin traders should get set for the good news that is coming at the end of this month of March which is the month bitcoin price use to surprise investors. Bitcoin cannot dump more than $19k, even though it want to dump at this season we are, which anything can happen with the price of bitcoin. Despite the dumping of bitcoin and altcoin in the market this show that bitcoin is still good to invest and achieve something good before the end of the year. What traders are experiencing  now in the  market is a sign, that bitcoin price will still hit $100k before the end of this month.

oh i see. meaning that most time we don't have to be a worry as the market can termed to crazy and it's the best for those traders.

Yeah its crazy but not into that extent on where everything could really be expected to pump.This is only applicable into those top coins in the market or shall we say that
has some potential or does really have demand and recognition and that's what other people do depend on but there are projects which isn't really worth of attention
or for us to get engagement.Using up our own common sense could really help us out on making decisions.Always think that market doesn't only rise up
but also make out corrections because this cant be called a market if it weren't moving on both ways.

The crypto price of the last few days has been very volatile, so it goes up and down all of a sudden. But in fact, if we pay attention to the decline
in crypto prices is still  normal, there is nothing to worry about. Especially now that prices are starting to recover, in a situation like this it is very
risky to trade without good analytical skills. But if we are confident in our analytical skills in reading price movements, we should be able to use it
to generate profits. If you do buy coins at a high price, don't panic first. Because usually the price of these coins goes up again after a few days,
sometimes patience is needed when trading crypto.

Every drop is an opportunity for investors but it causes panic for those who are buying during the hypes and these people will start throwing their money, they are absolutely at loss.

As I look on the chart, the market isn't showing any signs of a possible huge dump, the volatility still at work. It is still on a roller-coaster ride and the situation isn't worrying yet. And for those who sell their Bitcoin when seeing a small price correction, they might regret doing that because we are gaining back high again.

This month will determine whether the market will be bullish or it will create a bearish trend. and many people have already given the opinion that this year it looks like the pattern will be the same as in 2017. This pattern is likely to repeat this year if we look at almost the same graph. however, the belief regarding the bullish trend is also strong by investors. I am the same as you are still waiting for the close weekly candle to see the direction of the market

Not every drop is an opportunity, we can not just simply buy everything that is on the dump not to mention the volatility is at its peak now. once the market decides to go down, we will see a huge drop and loss without be able to react. look at our history when we were seeing a major bull that happened in 2017-2018.
what happened back then? the price went down from $18.000 to $11.000 in 7 days, we were only at $20.000 at max. but what will happen once it goes down when we are this high? are you sure you can handle it once it is going down?
my only suggestion for now is to wait, the market is worrying for me even though we are seeing a green candle today.

Quick question, for day trading cryptos what MA periods do you guys recommend?.  Looking to sharpen up my game, had a successful week but could always use more $$$ in my pocket player.

Unrelated to the topic but w/e

the most important thing in every step of doing something in crypto is being able to be patient and not panic quickly. I really agree and agree about what you said about the panic.
opportunities are always available but if not with a strong analysis of past experiences, it will certainly make the analysis shifting and imprecise. but it is also not wrong because it can happen and is not always right, but we must be patient and not panic in facing this because we can be in a hurry, it will end up losing big.

We have to believe in advance that this year is a year of improvement for all altcoins and bitcoin as well, therefore if there is a decline as much as possible it is precisely to buy and not panic and sell because it is not in accordance with what we previously confirmed.

Well said, an investment is not something that we should expect a big returns within few weeks, months, this is the perception of many investors hence every little dip leads to a huge sell off by the weak hands there by crashing the market even further down,
long term hodl always pay off if you have the patience to do so, ( holding of good and solid project ofcourse and not some shit coins)
but unfortunately the majority of investors are short term investors who are just looking to make quick profit within the shortest possible time.

what do i think ? i think that few days deep is not brutal as the more/long days deep because that was few days only anyway but the problem is that theres no way to tell if the what are the exact duration of the deep and that what happens to you because you sold early .

do i expect another deep soon ? of course i expect it for all of the times . you know the market moves in two direction only , one is to move up and one is to move down/deep

Actually, the correction in the financial markets after rapid gains is a very healthy reaction, so in my opinion this period of deep is very good. I think that at any moment this correction should end and soon we will have a continuation of the upward trend. Of course, the next moments of deep will be for sure, but I think that we have at least a few weeks of bull run ahead of us.

These days crypto market was mostly red. Maybe this is the small correction or a start of big dump for most of the alts. That depends on further traders actions. If most of them will start panic and selling their assets alts market will fall down very quickly. Huge role hear plays BTC. If it will recover, probably the whole market will also recover.

Experienced traders won't panic. Of course, all eyes are on the BTC price, but everyone who knows the history of bubbles and bull runs in the cryptocurrency market knows that this is how it starts. Of course, there is a possibility that some unexpected, very bad news will appear, such as a ban for Bitcoin in China or in the US, but this is very unlikely. Further increases and the beginning of an altseason at least by the end of the year are most likely. So don't worry about the temporary deep, just HODL!

I do believe that those days of deep were only a price correction, and hopefully will not going to a more deeper than it was today, i am still expecting that bitcoin could manage to get on a green arrow by the next days or week. Everyone was keeping eye on bitcoin because it is true that the movement of crypto market as what i have observed has a 50%-70% dependability on the price movement of bitcoin too. But since we can't made a correct guess lets just see and wait for the result on the following days.

Deep in crypto is normal, no one can control the deep that is why crypto is called a risky investment for it was a very high on volatility and it can maybe change anytime due to market condition, the only way to make profit on deep is to buy and hold depending on the lemit because you need to set a lemit for good.

Not only on buying carelessly but always consider the factors before diving in, always stick into known coins rather than risking on low caps.
This market cant be called a market if it was just sustaining or having continuous rise because it would be simply just a manipulative thing
and no one would really be interested on that one.On here, you can see the wavy ride even though volatility is a bit high compared to other
markets but it is way more loved by investors, not on the risk given but also with the opportunities that it can gave out.

all the alts are now colored red and are the same as the others. and I also suffered losses as you feel. but we must realize that cryptocurrency trading is very risky. therefore be patient and wait for the right time to sell is an option

You know there was an analysis made earlier  by a member over here and it works that same way. I followed his predictions and I gain back my loses.

Op, you bought high and now you are complaining. If you cannot bear the loss, you should not fomo buy, then regret later. Wait for a good entry and then buy it low. Buying high and selling low will just make you lose what you have and if you want to make something with your investment, you should keep patience and wait for the right price of your token to buy it very low.

Why immediately sell your altcoins if the price of them fell following the fall in the price of bitcoin? This situation should be taken as normal and no decisive steps should be taken. Price adjustments in this market occur regularly and should be taken as a routine matter.
This latest correction, according to news in the media, was allegedly due to the fact that traders saw the movement of large batches of bitcoins and decided that the whales were going to sell them, and therefore worked ahead of the curve. Because of this, the current price situation in the cryptocurrency market is uncertain. The price of bitcoin and other cryptocurrencies jumps up and down. I think that the situation will soon stabilize and the price growth will continue on the market.

There are a great posibility that we can experience another deep. Thats how cypto market goes it is always high on volatility and it is always depending on the supply and demand of the market, But everything is normal dont think too much for we all know that bitcoin has a great start this year 2021 maybe it will also have a great price at the end of year 2021 so let us just wait and have more patience for good.

Good for you if you're able to gain back your losses.

That's one important matter that you shall recover your losses and you're lucky to have followed one guy that has given good predictions.

Because the reality about those predictions are not all of them are accurate and will give you a good position to those coins that they say.

Well I expect the dump of the market but the question is when it will happen? I'm so confused this movement of the market, it was not like the same happened before that the alt season was occurred in 2018, after reaching the all time high the crypto market crashing begins.. Now we never know when the market will dump or maybe we will see again the another bull, only time can tell.

From your comment, I understand that the crash and bear market that took place in 2018 was completely predictable, and now you have a problem with judgment .. So for me, it's quite the opposite. In 2018, I did not expect the market to bear down for so long, and now I can see positive moods and upcoming price rises all the time. The current situation is just a temporary correction that has just ended.

It looks like what you will expect like 2018 might not happen this year, if we see that the halving will happen like 2018, it will happen in 2022, not this year, in fact this year is a year of improvement due to the halving. although bitcoin has started since last year because of the effect of @elonmusk with its Tesla company buying up bitcoin, not because of the halving effect. It looks like the halving effect hasn't been seen yet and will probably move after the next few weeks.

An opportunity for people to buy at low price, considering today's market performance those who took advantage of the dip and buy should be glad they did, perhaps the market is still warming up towards an alt season, there is no way this period bear market will be like previous, too many good things are happening in this space to reduce that selling pressure.

well, we must know if the market will not always going up or down
so, in the bullish trends there will be a corrections, wich mean a down price will come but only for a while before the price continues its rally
you don't need to panic my friend

Adjustment as to cryptocurrency may be a practice a bit like the bull is additionally, it depends on the side simply are lucky or unfortunate for drop beneath. That kind of rally always been in desire on the off chance that you've got been reading strings here. You're a newbie perhaps you're seeing the overhang of the advertise for the primary time. The bull isn't continuously unfaltering and profound as well this can be how people/investors make benefit, is controlled by request to supply. I'm not feeling the profound isn't ordinary since bitcoin as the ruler is dropping and it must influence the altcoins.

Setting up of limit is alone don't get you a profit. You should hold a coin till the pump and dump. The important fact is buying at high and selling at low leads you a loss. In reverse buying at low market gap and selling at high price ends with good profit in hand. Don't confused and buy bitcoin or cryptocurrency at the pump.

Well the few days deep that happened was a great chance to grab on to invest like bitcoin which its value becomes $45000 compare now which already become $56,295. Like what we always told that deep was only a price correction, a warm up of bitcoin to land for another new ATH maybe, however in some crypto like ETH, LTC and BNB the market was still good to this crypto. Though inevitable the up and deep of value.

It is great now as the market is back but altcoin are not following the dancing steps of BTC moreover EOS have decided to set back.

a down movements in bullish trends is just a corrections mate, because the bulls still control the markets now
so, keep calm my friend

why have you bought this Coin for that amount ? EOS is not going any better days after Days , even those project that use to be connected to their platform is now changing ways and connecting to others.
EOS is just another Platform that use to be popular and now dumping bad in reason that they are losing support from the fast investors and supporters.

My advice is not to panic if the market suddenly turns red and all the coins drop in price, it usually only takes a few days for the market to recover.
Unless the coins you HODL are shitcoins with low volume, then we really have to sell it immediately if the price suddenly drops. Because coins with
low volume will be more difficult to sell if the price falls.

Therefore it is very important that we choose coins for investments that have a high volume. Regarding EOS, your choice is not good to buy, because
seeing EOS performance is not too good, even the current price of EOS is very far from the price of ATH. It's good if you sell it immediately, my advice is
to choose coins that are included in the top 10 altcoins.

The correction that has taken place must have made some investors and traders panic a bit when holding assets in the market. or maybe some have already given up their assets out of panic. thinking of a little gain may be better than having to suffer a loss.
although the market is still dominated by upward movements, I am sure many traders in the market are already aware of what is happening in the market.

Quite strange to read about people buying EOS of all coins now when the hot ones are all about defi and nft;) Are you sure you really want to "expect another deep" and then buy even more of those types of coins when you should really just stick to Bitcoin and Ethereum?

Unless you don't mind being disappointed. Then please, go ahead:)

Personally, I value EOS more for its technology features, and most projects that have a strong point in technology have a slower growth rate than trend-following coins. However, in the long term, there is no need to worry too much about it, I always appreciate it as a good product, and it takes time for people to reach more. I have a lot of faith in slow-rising coins like EOS, remember what BNB has shown in the pastime.

I think few days deep is not really that bad, even for me, i think it's good time to buy another altcoins and invest more so after they going up, i can earn as many profit as possible, but so many people are too afraid within this few days deep, they really need to improve they trading mentality so that they won't panic when the short correction is happening.
Just keep that in mind that short correction is just a normal day in cryptospace !

Hahaha 🤣 the correction has already been made so we have to wait to see the next move.

Actually we have been hyped about the DeFi project much more and it turns negatively against me, just took a decision to fall into those currencies thinking there will be a great move as the case maybe.

I think for the past few days deep, it's very normal to happen,
becase there will always a short correction in the cryptospace, we just need to hold and wait, no need to worry and no need to be panic.
a down movement always happening, if the price going up there will be a short correction for sure.
it's not that bad in my opinion.

The cryptocurrency market has been very busy lately. Prices are rising very quickly and falling very quickly. The correction can be deeper at any moment. 2 days back bitcoin was around 60k and today was 53k. No one can predict how bitcoin will behave in coming days. Current market is not good for investment stay safe everyone.

It's very mush possible you have lost a little bit of money as well. Learned your lesson not to buy shitcoins but same things won't happen each and every other one. So, there always someone take this as great opportunity to buy at this downturn. I do believe downtrend are always a good investment.

Investing during dips is definitely a very good strategy, but in this case it is very difficult to determine whether it is the bottom of the dip or the correction will last longer and the price will drop to for example $45k. Despite the fact that everyone is announcing price increases, I prefer to be more careful and stay aside for the time being.

Sure but one thing certainly is that most traders can't watch while their asset depreciates, few days ago there was a little resistance on the market causing BTC price to drop a bit. Now if it's not a strong and experience trader this would have called for panicking so we have to know and understand the market very clearly before anything.

Looking at this time, it's not a good season or period for investment any fall back will affect the investors funds, what do you think?

Yup, congrats to all the holders at this point. Looks like we are gradually out of the correction period and we might be ready to another take off. Fortunately, I'm still with profits. When correction happens, there is a better chance open for all to invest not panic.

Haha I see, then the Best is not visiting the market for any reason having it in mind that it will recover soon so anyone with higher emotional about his or her might end giving up ghost 👻 because is heart touching seeing your asset going down without action for protections.

We are in our best form this year and that continues for now.  Crashes and crashes are completely acceptable, there's a lot of fake information flooding the immersion process.  The advantage in investment is catching up.  If it continues to decline after today, I will have to consider it with caution.  Sure, some burns can cause but I'm optimistic the market will bounce back strongly by the end of the week!

That is why we need to keep calm and never indulged into panicking because that it cause the market to even drop more. As we have all of these things, these market changes often to happen.

The current market trend seems to be serious, Bitcoin price drops below $50k, I'm not so negative this but we can't stop people to sell their Bitcoin and crypto after seeing this. It is the common scenario that we witness for a very long time and that often to happen again and again.

Oh really!
How could individual panicking dropped the market, is there any specific effect on the panicking. Please explain more further.

We're experiencing one of the worst week in cryptocurrency from the all-time low at $64k down to $47 and it stress us all but I don't think we should be panicking about it. We cannot be worthy of the price increase of bitcoin or other cryptocurrency if we're not able to accept the crash like this. Because of rapidly increase the price of bitcoin we might see few of this in the future, and I think we should be prepare about this kind of scenario. I think the speculation about increasing the tax over the rich people and there still no official news about it but if this will happen; the price of bitcoin might continue to dump.

- Relatively serious and moving gradually towards the next lows in this red time, although I don't want to be too negative, but daily investment account checks are starting to put a lot of pressure on me, the loss statistics on the account are quite high, it's hard to calm down when looking at people who are worried and have lost their previous feelings of happiness. The normal time may not appear yet, there are too many people losing their assets, unable to contain the emotional outburst right now, deep day is always the scariest scenario for us

This is the thing that we often face today, when the market is in decline we all feel panic and often resell even though it is experiencing losses, then we must be ready to accept losses if we want to get a big profit because the value of crypto is difficult for us to predict but rest assured for this year the decline only happens temporarily, and all coins must reach a new ATH in the near future.

Honestly speaking the price correction that was obviously and always fluctuating the market can cause also a little confusion to the traders of what should they do next because of being volatile of cryptocurrency. We are all aiming for a high profit that is why every deep of crypto prices was alarming for us. However, as what I have saw the market today, I guess this has nothing to be totally worried about because this month of April was a month of altcoins.

I think we will not have such correction until we reach all time high. It was reply to monstrous, months-long rally. It is not surprise it triggered sudden sell out of altcoins and bitcoin. But I just stayed strong. Many people I know just sold away everything they owned, at loss. This one of those times seperate hodlers and scared traders.

There are going to be countless rallies and equal number of corrections. Very few good traders can  time all these tops and bottoms correctly. Long term hodlers should do fine so long as the major trend is up.

Agree!

For people who do mind about rallies and corrections then this would be a never ending thing.As long this market moves then we can see those typical movements to be as part of this market
which you can see from time to time.

Thinking about few days deep? No one actually knows on whats behind specially if there are no news or sentiments that had been published out for you to say for it to be the reason.

How to deal with it? If you do engage into this market then be sure that you are fully aware about the chances or probabilities which simply means that making out
exit and entry plans is a must.

That is just one of the struggles small traders like us experiences. We started growing in fear specially if you were there when the dump occured after the bull run at 2017. We've become too anxious whenever we are watching the market and at the same time, we tend to panic sell right away when we say the market turning red for a while. Even though that is the case, we should learn how to control our emotions, we should read the news and learn what is really going on. Many are saying that the deeps are just corrections because bitcoin has been getting too many ATH so if that's the case, it wouldn't hurt much if we hold amidst the market turning red, regrets may come if it suddenly turn green after we panic sell.

This is the bear we have been talking of, most people can't really withstand the condition while panic and selling is not for old time traders.
Anyone who has been in the crypto-sphere for 3 to 4 years should have a reasonably experience about the movements and he should also note there's bull and bear run.

this has also correlate with my questions i asked before, i saw it and posted about but many see's it as market correction, while many says it's normal.
today i smell the blood over the cmc.

After most of my corrections in trading strategies i don't rush to sell or even panic over a little correction in the market rather i will keep patient and continue to buy more at the dip, real traders don't panic to sell or at any change in the market.

It's normal if your panic, especially if you still new on this investment.

You will learned from that and you will be more mature to take decision next time.

And the one more thing is you should only invest money you can afford to lose.

sure, that is true i do invest with my spare money and what i can be able to lose.
i have really leant a great lesson about the market flotation.

true, every time you want to invest, you must be able to reduce yourself from the panic that occurs when you see the situation of the coins we are investing in has decreased due to the impact of bitcoin that has fallen, it is certain that it will also have an effect. but sometimes it's only temporary and not for long because if bitcoin increases it will certainly come back at a good price.

but if you do not have experience about situations like this then, you will always experience excessive fear which will result in you always doing actions that are detrimental to yourself.

but it is clear that there are benefits because you can learn from the mistakes you make and not to do the same thing in the future.

nowadays market is having a lot of correction, either bitcoin or altcoins. But this correction leave us another option, we can invest our money in this situation. also i agree with your statement, we should invest money that we can afford to lose, but i am so sure market will recovery soon.

and many forum members say Now is the time to collect but will the price drop again because we are normal human beings and want a cheaper price from now on. and I am still waiting for that because I still have spare funds