Crypto Bulls Celebrate Too Early?

[jonathan6655321]

The cryptocurrency market was overwhelmed with positivity throughout the past couple of days as all of the major coins were trading in the green. A lot of them scored double-digit gains, causing many to believe that we might have entered a new altcoin season. However, this notion was quickly dismissed as today the entire market is bleeding red. Bitcoin plunged around $600 in a massive red candle, bringing all other altcoins with it.



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[LuckyBtc]

Altcoins are holding up decent in BTC pair which I think is a good sign that pump isn't over just yet, Altseason might happen after all, Making more BTC from Altseason is the best thing.

[Mandoy]

There is nothing to worry even if we are now back below 10k$ and ringing at 9890$. This is just a normal scenario and there is nothing to worry since the graphs tells us that it will not go down below 9700$ and it has a good potential to go up 10400$. Though this is just my opinion based on my chart reading but we have a tendency to go up back up towards 10k$ and up. In my opinion it is to buy bitcoins at this time.

[bright4mech]

For a pass few days now the market has been on green land in the coinmarket, mostly alt-coin, which was a good function in the trading... Base on the current price of Bitcoin at $9,907 is very good to invest for a future.

[Bitcoinislife09]

We are still waiting in the moment of bull run but seeing huge red candle in the chart seems many people worries that it might fall down again but for me its still okay simply because we already face that kind of fall down so basically you should not worry and still hold your bitcoin and other altcoin.

[jhonjhon]

The market moves very rapidly and this scenario isn’t new at all because as we all know bitcoin isn’t always on the green line but it has it’s red times as well. Pretty much this scenario is a normal thing with bitcoin, it may show a big price now but in just a couple of hours or days it will either pump up a little or dump big time. I guess we are to focused or excited for the speculated bull run that will hopefully happen this year that made people excited whenever they see the price going upward and they tend to forget that bitcoin may show bullish signs for days but it can also become bearish in just a short period of time.
Thus, as investors don’t get to excited right away when the price is high and don’t celebrate early because you’ll only be disappointed. I would suggest for you to make the most out it while it last because it won’t last that long.

[UVUcoinBull]

Bull market will start soon... It was the pre(demo) bull. IMHO.
We must cross 13k for BTC to say : ok it is the begin.
Now it is something like accumulation mode for Christmas buys.

[audaciousbeing]

The cryptocurrency market was overwhelmed with positivity throughout the past couple of days as all of the major coins were trading in the green. A lot of them scored double-digit gains, causing many to believe that we might have entered a new altcoin season. However, this notion was quickly dismissed as today the entire market is bleeding red. Bitcoin plunged around $600 in a massive red candle, bringing all other altcoins with it.



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There is no point mocking the bulls that they are rejoicing or did it too early because whether they rejoice or not, it does not stop the market from crashing just like it has done so if they had not rejoice, it would have been a double jeopardy for the bulls and more so you don't have to be a bull because price is increasing it should be delight of everybody in crypto to see increase in activities because even if you don't like the increase in the price of bitcoin, so far you hold one other alt coin, you are affected as whatever increase that happens to btc, it affects alt coins and vice versa considering the dominance of 67% as at the last time I checked.

To other hopefuls, don't be despaired the green period is not over forever some others are still coming...

[Upgate]

Altcoin holders has reason to be encouraged and optimistic but not much could be said about bitcoin holders of late. The price has gone on the red however not enough to inflict damage to the price

[lightningmelo]

Up and down movements are to be expected, we've been trading in this range for a while, no reason to get excited about a small drop.

[avikz]

The cryptocurrency market was overwhelmed with positivity throughout the past couple of days as all of the major coins were trading in the green. A lot of them scored double-digit gains, causing many to believe that we might have entered a new altcoin season. However, this notion was quickly dismissed as today the entire market is bleeding red. Bitcoin plunged around $600 in a massive red candle, bringing all other altcoins with it.



Full Article

What point you are trying to establish exactly?

$600 plunge means around 6% dip! It is pretty normal in crypto market and provides excellent profit making opportunity for swing traders! I agree that there's nothing to celebrate, but I don't see anything to worry as well! It's very very much normal crypto market to see 10%-12% ups and downs! While I post this reply, the market has already started rebounding and recovered half of its losses!

[kryptqnick]

I think it's naive to expect another Altcoin bull run. Even Bitcoin is not something everyone likes, and altcoins have mainly proved to be useless, unfortunately. I think there were some interesting projects, but if we don't count Ethereum, they failed to deliver the promised results. Ethereum will definitely survive, and I believe that some alts require and might receive rehabilitation during better times. But other projects, promising big things without having the teams and funding for it? I think they'll keep losing their value, and it will be very hard for any newcomer coins to achieve anything.

[peter0425]

The cryptocurrency market was overwhelmed with positivity throughout the past couple of days as all of the major coins were trading in the green. A lot of them scored double-digit gains, causing many to believe that we might have entered a new altcoin season. However, this notion was quickly dismissed as today the entire market is bleeding red. Bitcoin plunged around $600 in a massive red candle, bringing all other altcoins with it.



Full Article

If we will continue to fool ourselves everytime market gives small growth or even fall and react as if it was a big deal,then nothing will happen to our investments

Why not just be a man enough to accept that volatility will always change our views ,remember that when we entered this market we also accept the risk will always there so the fact that we still not achieved our goal profit then better stop reacting on the situation

[gentlemand]

Anyone worrying about 24hr price movements probably has Arthur Hayes balls deep inside their colon.

I am reserving judgement and excitement until the end of 2021. Until then nothing is going to surprise me and my expectations hover somewhere around the level of - nil.

[Sebas.tian]

Incredible, having the altcoins season at this point in time is a welcome development because it has been over due. Seeing the altcoins doing well make my self good as making profits from altcoins to Bitcoin is an interesting one, this make me remember what happened some few years back. Although we may see a  good bull run after the Bitcoin halve next year and it will be a better time again with the altcoins.

[sehoon]

It's not that we should celebrate early or not celebrate at all but it is something that the investors should be happy about. These things happen and are expected by the experts but I hope it will continue to push until the end of the year.

[dimastegar]

Altcoins has experienced a significant increase in prices this week. But again, this is a normal state that will occur in due course. In essence, as long as we can profit from the current market conditions, we will be able to continue to enjoy until the bullish time comes.

[pooya87]

the problem is that even though many of you are not "newcomers" anymore but you still are acting like a brand new member in this market! what was the article says "was happening in the past couple of days" has been happening all through past 2 years!
the thing is only because it wasn't the shitcoins that are on top, nobody saw it. otherwise the same pumps of 10%-50% have been very common and each day of past 2 years we have been having at least 5 shitcoins that see such pumps and from time to time we see a couple that have a 1000%+ pumps.

what happened in the past couple of days was that coins with bigger market cap were chosen for pumps instead of those small cap coins! if anybody celebrated this, they were newbies thinking their bags are recovering.

[Saisher]

The cryptocurrency market was overwhelmed with positivity throughout the past couple of days as all of the major coins were trading in the green. A lot of them scored double-digit gains, causing many to believe that we might have entered a new altcoin season. However, this notion was quickly dismissed as today the entire market is bleeding red. Bitcoin plunged around $600 in a massive red candle, bringing all other altcoins with it.



Full Article

It's back on its feet again, but not at the price that we really wanted, we are very hopeful that the last quarter of the month will bring positive results, but unfortunately, it's not happening, the price is still going down, the best or the highest that we have gained was the $13k level after that it went down and stay at the $10k level.

[maydna]

By the down price of bitcoin yesterday, it seems triggered some altcoin to increase, and we saw that the altcoin has started to rise. If the situations are like this, then the altcoin season soon will come and who knows, we will see it happen in the next month. Today, bitcoin is back to $10k but some of the altcoins still trying to rise so we have a chance to see some surprises from the altcoin. Or the other scenario is bitcoin price will break $11k and will jump to the higher rate. We will see it later.