Cryptocurrency market continues to blood shed

[Hamphser]

whats the panic if crypto market is in red? I just recalled the following incident

In January 2016, the daily spot price of West Texas Intermediate (WTI) crude oil reached its lowest point in 13 years of US$26.68 per barrel.
Canada Energy Regulator

Those who have wisdom bought at that time rather then saying crude market is bleeding. Today WTI crude is 59 USD and oil trading is going normal.
Please apply this principle to crypto market also. Everything will be normal, just dont panic.

It's better to hold when the market is in red to avoid panic selling which is not a good idea. Everyone should start to calm down and leave their crypto on that wallet because everything is just a temporary drop. Nothing is certain here, the market will always go rise and low and that's the sign that it's normal.

[1715049565]

1715049565

[arimamib]

whats the panic if crypto market is in red? I just recalled the following incident

In January 2016, the daily spot price of West Texas Intermediate (WTI) crude oil reached its lowest point in 13 years of US$26.68 per barrel.
Canada Energy Regulator

Those who have wisdom bought at that time rather then saying crude market is bleeding. Today WTI crude is 59 USD and oil trading is going normal.
Please apply this principle to crypto market also. Everything will be normal, just dont panic.

It's better to hold when the market is in red to avoid panic selling which is not a good idea. Everyone should start to calm down and leave their crypto on that wallet because everything is just a temporary drop. Nothing is certain here, the market will always go rise and low and that's the sign that it's normal.

In investing we must understand to hold rather than having to panic sell. unless we have determined the time to do the cut loss, then the policies that occur are different. these things must be understood in a big way for those who invest

[dragon695]

In the last 24 hours market has witnessed the superiority of the Bitcoin trading volume over the entire market capitalization of Ethereum. the volume of Bitcoin achieves $ 20 billion while ETH fell to $ 18 billion. Interestingly it was amid decreasing the value of BTC ‘s $ 8000 to $ 7500 marking a fall of 5%.

However, no reason so far justified this, The wind has turned to the reverse, due to the sudden drop encryption and this has put a great amount of pressure on Bitcoin as well.

On the other hand, other cryptocurrencies gather even more severe fate. ETH recently seemed to rise above BTC but the rapid reduction in supply, despite the addition of points to him, pulled him down on more than bitcoins.

The freefall trap has not only reached the world of encryption but all other assets like gold. The reason is not yet resolved.

Source: TheCoinRepublic

I think it's not too much to comment here. Why do people always expect the value of bitcoin or alts to increase? Didn't it grow sharply from March to August? That's the time when new cash flows come in and many people are profitable. When everything went well, they started selling. same as the cycle of 2017 and 2018. This is considered the rule of financial markets and Dow theory clearly says this. You need to read more to better understand the financial situation.

[cribusen]

This is happening throughout the last two years, without any sign of improvement. Just be patient and wait of ETH 2.0 update, because as for me it is the only hope for altcoins to raise from ashes and to decrease BTC dominance for a bit.

[aomakun]

This is happening throughout the last two years, without any sign of improvement. Just be patient and wait of ETH 2.0 update, because as for me it is the only hope for altcoins to raise from ashes and to decrease BTC dominance for a bit.

but i am not sure in full with the price spike when hardfork eth. but some hardforks carry pump prices, just hope ethereum 2.0 can bring prices to improve especially eth and hopefully it will have an impact on other altcoins

[bettercrypto]

This is happening throughout the last two years, without any sign of improvement. Just be patient and wait of ETH 2.0 update, because as for me it is the only hope for altcoins to raise from ashes and to decrease BTC dominance for a bit.

Hopefully it will help to raise price of ethereum. I am bothering from my eth because I bought it from 200 dollars and I didn't yet converted it since I am stuck on its price. However, I am willing to hold it for a long run.
If that so, it would cause also an impact to the market. It may pull the price of bitcoin since these two coins are rival.

[zeze18]

This is happening throughout the last two years, without any sign of improvement. Just be patient and wait of ETH 2.0 update, because as for me it is the only hope for altcoins to raise from ashes and to decrease BTC dominance for a bit.

Hopefully it will help to raise price of ethereum. I am bothering from my eth because I bought it from 200 dollars and I didn't yet converted it since I am stuck on its price. However, I am willing to hold it for a long run.
If that so, it would cause also an impact to the market. It may pull the price of bitcoin since these two coins are rival.

Altcoins doesn't mean just ETH and if ETH price rise doesn't mean other alts will go up. Many people expecting too much for eth 2.0 could pump the price, but implementing new technology is not easy, there will be many bugs on their first launch i'm sure and it will be a disavantage for eth

[South Park]

whats the panic if crypto market is in red? I just recalled the following incident

In January 2016, the daily spot price of West Texas Intermediate (WTI) crude oil reached its lowest point in 13 years of US$26.68 per barrel.
Canada Energy Regulator

Those who have wisdom bought at that time rather then saying crude market is bleeding. Today WTI crude is 59 USD and oil trading is going normal.
Please apply this principle to crypto market also. Everything will be normal, just dont panic.

But psychologically speaking that is something that is really difficult to do, I'm sure that many investors know that is the right thing to do, after all they know that is a product that we will always need but people are always thinking about the short term and not the long term and the same happened at the beginning of the year with bitcoin when it was close to 3000 and no one wanted to buy it because it's price was too low and now look at the levels at which it is trading.

[Fatunad]

whats the panic if crypto market is in red? I just recalled the following incident

In January 2016, the daily spot price of West Texas Intermediate (WTI) crude oil reached its lowest point in 13 years of US$26.68 per barrel.
Canada Energy Regulator

Those who have wisdom bought at that time rather then saying crude market is bleeding. Today WTI crude is 59 USD and oil trading is going normal.
Please apply this principle to crypto market also. Everything will be normal, just dont panic.

But psychologically speaking that is something that is really difficult to do, I'm sure that many investors know that is the right thing to do, after all they know that is a product that we will always need but people are always thinking about the short term and not the long term and the same happened at the beginning of the year with bitcoin when it was close to 3000 and no one wanted to buy it because it's price was too low and now look at the levels at which it is trading.

Some people mindset when they have an investment specially in bitcoin, they think it is a quick rich scheme when you invest for a month then sell you will automatically become rich. That's not how the market is working specially bitcoin and other types of investment. They should have to focus on the long term instead of the short term if they want to become rich.

[Adriano2010]

Well this is the world we live, if governments see that people make money on other way they want, they start to block what people do and they want to control more, i hope all this will change after some years and people can do almost what they want and crypto grow as it should.

[matchi2011]

whats the panic if crypto market is in red? I just recalled the following incident

In January 2016, the daily spot price of West Texas Intermediate (WTI) crude oil reached its lowest point in 13 years of US$26.68 per barrel.
Canada Energy Regulator

Those who have wisdom bought at that time rather then saying crude market is bleeding. Today WTI crude is 59 USD and oil trading is going normal.
Please apply this principle to crypto market also. Everything will be normal, just dont panic.

But psychologically speaking that is something that is really difficult to do, I'm sure that many investors know that is the right thing to do, after all they know that is a product that we will always need but people are always thinking about the short term and not the long term and the same happened at the beginning of the year with bitcoin when it was close to 3000 and no one wanted to buy it because it's price was too low and now look at the levels at which it is trading.

That's the game that most investors needs to work with, the market is moving without any trace. It can pumped high  or move down with a heavy
dumped, bloodshed is unavoidable if more weakholders will lose interest with this market more and more downfall to anticipate. Being ready and
have additional alternatives is in need for you not to suffer that much.

[styca]

I don't think we should panic. Look at the charts since the December 2017 high - we fell hugely, but we need to remember we have also recovered quite well. We are all aware of the volatility, but we need to have an eye on the longer term trends as well. Bitcoin and crypto is still moving upwards, it's just that sometimes the road gets quite bumpy.

[naikturun]

although there is news that is likely to cause it to happen, it is not necessarily true.
some people just use the news to pump / dump of course with a lot of money.
so news sources are not necessarily the main factor, although they have an effect on the market.

[South Park]

whats the panic if crypto market is in red? I just recalled the following incident

In January 2016, the daily spot price of West Texas Intermediate (WTI) crude oil reached its lowest point in 13 years of US$26.68 per barrel.
Canada Energy Regulator

Those who have wisdom bought at that time rather then saying crude market is bleeding. Today WTI crude is 59 USD and oil trading is going normal.
Please apply this principle to crypto market also. Everything will be normal, just dont panic.

But psychologically speaking that is something that is really difficult to do, I'm sure that many investors know that is the right thing to do, after all they know that is a product that we will always need but people are always thinking about the short term and not the long term and the same happened at the beginning of the year with bitcoin when it was close to 3000 and no one wanted to buy it because it's price was too low and now look at the levels at which it is trading.

Some people mindset when they have an investment specially in bitcoin, they think it is a quick rich scheme when you invest for a month then sell you will automatically become rich. That's not how the market is working specially bitcoin and other types of investment. They should have to focus on the long term instead of the short term if they want to become rich.

I do not really think that this is entirely the fault of investors, whenever I see on the Internet an ad related to bitcoin or the market of cryptocurrencies I always see the same thing, a website promoting this market as a way of earning a lot of money in a really fast way, but we know the truth, we know that is not really possible unless you are willing to invest a lot of money in a coin that you do not know if it is any good or not and with the huge amount of scams in the market that is not really a realistic option.

[Innocant]

whats the panic if crypto market is in red? I just recalled the following incident

In January 2016, the daily spot price of West Texas Intermediate (WTI) crude oil reached its lowest point in 13 years of US$26.68 per barrel.
Canada Energy Regulator

Those who have wisdom bought at that time rather then saying crude market is bleeding. Today WTI crude is 59 USD and oil trading is going normal.
Please apply this principle to crypto market also. Everything will be normal, just dont panic.

Being panic it was not good for us while we here in crypto we need to calm always and wait the recovery, Must better to give a support so that it will have a good flow for the increasing the price of each coini crypto. And it is normal its going red actually it will be back it to green so we dont need to panic on that happen maybe we will be have a heart attack if we always like that.

If we look at the past year or now the market was in red situation and dip so much the price but it recover so early, So all I can say the crypto it was normal for them to be like that.

[deathcode]

I don't think we should panic. Look at the charts since the December 2017 high - we fell hugely, but we need to remember we have also recovered quite well. We are all aware of the volatility, but we need to have an eye on the longer term trends as well. Bitcoin and crypto is still moving upwards, it's just that sometimes the road gets quite bumpy.

Many people only think about repeating ATH 2017 without thinking about the recovery that is now happening. if we see we are already in a pretty good recovery from a market that is experiencing a collapse. this will be a long journey for the crypto market to return to ATH or to create a new ATH.

[South Park]

I don't think we should panic. Look at the charts since the December 2017 high - we fell hugely, but we need to remember we have also recovered quite well. We are all aware of the volatility, but we need to have an eye on the longer term trends as well. Bitcoin and crypto is still moving upwards, it's just that sometimes the road gets quite bumpy.

Many people only think about repeating ATH 2017 without thinking about the recovery that is now happening. if we see we are already in a pretty good recovery from a market that is experiencing a collapse. this will be a long journey for the crypto market to return to ATH or to create a new ATH.

Most people are only thinking about the individual profits that they can get without stopping to think if their desires are even possible, the all time high that we reached at the end of 2017 happened under very specific circumstances that are not going to repeat themselves, at some point we are going to see a new all time high but it is going to take a lot longer than what people expect, and we can clearly see that by taking a look at what people thought will happen this year, when the price began to go up people really believed that will see another all time high but I knew it was impossible that less than two years later the price will go up that much and despite the growth people are still mad about their results something that I find to be unbelievable.

[Natalim]

I don't think we should panic. Look at the charts since the December 2017 high - we fell hugely, but we need to remember we have also recovered quite well. We are all aware of the volatility, but we need to have an eye on the longer term trends as well. Bitcoin and crypto is still moving upwards, it's just that sometimes the road gets quite bumpy.

Many people only think about repeating ATH 2017 without thinking about the recovery that is now happening. if we see we are already in a pretty good recovery from a market that is experiencing a collapse. this will be a long journey for the crypto market to return to ATH or to create a new ATH.

Of course because they want to experience again that bull run in 2017.
However, for me, I think it's more realistic to just think of the market recover first as the bull run will just come in time, maybe a slow but stable recovery is what we need for now, if we put that in our mind, we will be able to relax and not easily panic when there's a pump and dump because we are confident that those are just temporary and market will eventually recover.