Bitcoin Forum

Yesterday, BTC plummeted by 20%, falling below 60,000 or even 55,000 U.S. dollars. Is the bull market over, but the Polkadot ecological project has been rising. The Polkadot-UZ project was launched on the ZB exchange yesterday, with an increase of 1400% after the launch, and the highest increase of 2500%. Why the market is like this??

I don't even think the bullmarket is over and you must see this https://cointelegraph.com/news/dogecoin-cryptocurrency-reddit-communities-surge-as-crypto-euphoria-heats-up

There are lots of people were entering into the doge and crypto subreddit. That proves there will be another euphoria to the crypto.

Just because the correction caused by the drop of bitcoin hashrate and it doesn't mean the market will be facing another bearish trend. The whales were taking this opportunity to buy more and more bitcoin
From what you have been saying above that proves if market is still in the bullish trend.

Bull markets won't give you a straight upward line. You will always see dips because people are locking in profits or trying to push the price down because they want to buy more.

Another indicator of a bull market. You will see some random tokens pump and that happens often. During the recent Doge massive pump, even tokens that's related to a Dog pumped.

Just be careful not to be sucked in into them and try to check the market cap/trading volume first. If it's too low, that usually means it's easily manipulated.

Many people associate the current drop in the price of bitcoin and the entire cryptocurrency market with various negative information that has recently appeared in the media. However, we can see that after yesterday's price drop to almost $ 54,000, today bitcoin has risen to $ 57,300. This indicates that the decline was short-term and in a few days the price should recover at the same level.

Maybe just a correction? many people keep expecting the correction to happen when the bullrun happens and the price pump so high but there's none and if any it's just a flash correction but right now the price also recovering back climbing to $60K and honestly I don't think it's the end of the bullrun.
There's many news going around like turkey trying to ban btc etc but doesn't necessarily means gonna affect the whole world perception and opinion on bitcoin. Not to mention that the price after the dump that you mentioned still well above previous years ATH therefore it's hard to say that the bull market is over.

There's no indication to say that it is - and it seem like the only people who are worried about that are those who didn't experience the dips in previous bull runs. 

These corrections happen, for a whole host of different reasons (some of them pure manipulation), but they also allow for buyers to re-enter and there are still millions waiting for these kind of dips to do just that.  It is already bouncing back and the market is showing that it's happy to return to business as usual.

I don't think we can really start asking that question until September/October at the earliest - and even then there's a lot of unknowns given the more stable foundations that cryptocurrency has now compared to even 2017 let alone previous early bull runs.  But don't get me wrong, I'm also not the kind of person you see out there who thinks it won't happen at some point this year...

Surprised that the market is like this? Cryptocurrencies are always like this.

There are surprising ups and downs in the market that you didn't expected to happen. And for the bull market of bitcoin, it's not yet done because if it does, we're going to see it drop from $40k and below and the lowest could be $20k.

But so far so good and it's not yet going there.

Too early to say that, it only just small market corrections, and it turns back high again in the coming days. We don't need to be worried as it never helps us but instead, this drives us to a wrong decision and probably thinking about selling. 10%, 20% decline, that seems manageable, not unless if it drops below $50k, but so far, we are still over $55k which tells that we are not yet getting to the end of the bullish season.

It comes into my mind not to check the market every day nor to check my portfolio. Maybe we could relax our minds.

No it's not over, yesterday huge dip is a big opportunity for those who are very smart, BTC dropped to 50k and the smart ones buy back and this morning it's at 57000$, see the gain? The same thing with ETH and BNB, sometimes you just have to be brave is all

It will be possible to say that the bull market is over after the price of bitcoin drops to 45 thousand dollars. In the meantime, we are still moving up, but this does not exclude corrections. Now all IDOS show very large profit growth after the end of the public sale and Polkadot is no exception.

To be honest, this wouldn't be appropriate to be posted here since it was into Bitcoin but I think you're just promoting this project from the Polkadot ecosystem. What's the market cap of it? I think if it's below the $200M market cap mark then it probably more risky for much pump and dump scheme. I don't think it's over, it will be over if the price goes back to $20k again or even at $15k or even lower than that, speculation says 2021 is we will see 6 figures for Bitcoin.

I see it as an overbought situation and not the end of bitcoin bulls. recently bitcoin also fell like this, but slowly strengthened. it's just a consolidation situation to strengthen the rally and to make the altcoins go up. isn't it natural for people to take profits when the price goes up high. and buy after the price has decreased.

Bitcoin stayed at 56-57k today and we'll see what will be the future in the following days.

Bull over? not yet until the price drops to below 40k because the last dump happened to bring the price to 40k level but recovered and make a climb to 60k level.

|FUD and some area of news exploration but wrongly.

I think if the price not happen to fall till the end of april then we will be running high to december.

The small players will take it different dude. I see that from the reliable crypto news site if the whales were taking this opportunity to buy a lot of bitcoins from the weak hands that got shaken due to the the dump caused by miners on china.
I have bought small amount of bitcoin and i got small profit from the recovery of the dump.
I will expect another big recovery will be happening very soon. The sentiment is so good for bitcoin to do another recovery again.
Those who have sold will buy in again.

According to me BTC bull market not over now, yesterday btc dropped very huge but that was a only correction in BTC. I think BTC will recover very soon and we will see to the BTC all time high again.

I think the bull market is still there，Just a temporary callback。
Compared with the sharp drop on March 12 last year, the pullback on April 18 is acceptable. It is also a normal market fluctuation. I believe BTC will get better and better.

And today, BTC is already up 4% and it's on the way to $56k-$57k.

So it only means that the bull run is not yet over, the market has bounce back slowly and maybe this week we will see $60k again. The market has been like this, it's very volatile that's why they love it, can either make or break us. Make more money or lose everything in a day. So a piece of advise, be careful out there, maybe you see some coins gain a lot in a day, but what follows might be a huge dump.

I am sorry for this, I have invested in almost all Polkadot projects, but BTC affects all altcoins. So I will discuss it with my friends here. In addition to BTC, everyone can also chat about DOT and DOTs.

Thank you bro, I have already started to clear altcoins in the next time. In addition to BTC, DOT and other DOTs, the newly launched Polkadot project will go online to buy it and buy a wave of gains, hahaha. Just for Polkadot eco Apr.

I know very little about technical and fundamental analysis and it has always been interesting to me how people can predict the price using such tools. But these guys https://cryptogeek.info/en/blog/bitcoin-price-prediction accurately predicted the price of $ 57,000, I don't know how they do it, but now I will follow their daily predictions.

Polkadot ecosystem has been well developed in March and April with a lot of successful projects launched on Polkastarter. The mechanism of 1400% or 2500% increase is very simple. The initial amount of IDO tokens is small, hence result in a small initial marketcap. Imagining a project with initial marketcap around USD 500k, increasing by 1400% then the marketcap peaks around USD 7 million. That's only a tiny number though.

Below image will show you that 1400% or 2500% is nothing strange in this market.

It may be their luck to get the accurate prediction for the price of bitcoin but bitcoin was going even deeper than it.
People can do technical analysis easily but the problem is FA gives more and more pressure to the market. That was making the prediction could be wrong.
At least 57k position became the true story. I will also watch another prediction from that guy as well.
That's pretty interesting to see that.

I don't think this bull market is over, but it is another wake-up call.

Try to buy spot, do not add leverage, do not be greedy, see good close.

I was lucky enough to buy UZ at ZB.COM and make a 50% profit. I am still paying attention to this project. As long as the bull market is still in place, good projects with certain technical advantages or project innovation will have room for substantial growth. 8)

not yet, the altcoins haven’t risen sharply, the bull market will not end easily


BTW, thank you for your recommended UZ, I bought it at 10 QC, sold it at 33, then bought it back at 10,
I plan to sell it at 20 ;D ;D ;D
https://i.ibb.co/TL2vx7n/20210420124044.png

well, the recent drop of BTC price is actually a good thing. I think the price drop will prolong the bull market and it is expected that the altcoin will keep rising when BTC goes high again. I am buying the dip. I might buy UZ as well if it goes below $1.5.

 Look at their prediction, today they also guessed the price of bitcoin with an error of $ 200-300.

I lost lots of money today. :'( :'( :'(