Coin prices down 25% to 30% this morning.

[matchi2011]

Damn, I just logged into one of my trading accounts, and saw LTC hipping and bipping and dipping, touching $25.00!  And while I was screwing around with the calculator and checking my credit card balance, it bounced back up over $33!  Ethereum went from $96 to $121!  Still not bad prices, but not buying-at-the-bottom either.  Didn't get more coins yet.

I'm hoping everyone who just bought low, just turned around and sold on the flash high, and will drive prices even lower so I can get more for my money.

Risky move but if you get it right you'll easily grows your assets. Tough to say when will be the best timing as market keeps falling and one bounce
forward followed by a big splash of downfall.
Do your good assessment and judge the market condition according to how you understand the situation.

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[Darker45]

Well, I guess both the traditional market and crypto market are now affected by the fear of COVID-19 pandemic.

For traders, the fall of traditional market manifest as profit or loss in their account if you are talking of forex trade because money is made or lost in both buy and sell positions.

Yeah, but when I woke up this morning I saw that everything is seriously falling hard, both the traditional market and the crypto market. This is not anymore the usual. This is something that is suggestive of a terrible market slump. This is crisis already. I don't know if those huge sell off orders were made as a profitable strategy or just plain selling for the sake of having money to spend on more basic goods and services.

[NavI_027]

Buying opportunity approaching!  I just need to learn when to sell at the right time.

Indeed . Instead of hoarding alcohols and toilet papers why don't we start hoarding coins right now. It doesn't create panic and fear plus you could generate earnings in the future. Better move, isn't it?

I opened up coinmarketcap this morning, saw all the red, and said "holy fucking shit".

Honestly, I haven't visit the price chart recently but when I check it right this very moment, bitcoin already drop by 34%. OMG ! The price go back again to $5000 *sigh. Anyway, if you already get used to this kind of scenarios you won't panic at all. Chill guys, let's take advantage of it.

[jseverson]

Yeah, but when I woke up this morning I saw that everything is seriously falling hard, both the traditional market and the crypto market. This is not anymore the usual. This is something that is suggestive of a terrible market slump. This is crisis already. I don't know if those huge sell off orders were made as a profitable strategy or just plain selling for the sake of having money to spend on more basic goods and services.

IMO people were spooked because everything's crashing and burning, which created a self-fulfilling prophecy in the crypto market; the overall global situation isn't really dire enough that you'd have to hole up in your home with just cold hard cash and necessities.

What's interesting is that you'd think that the opposite would happen, due to people hyping up Bitcoin's reputation as a hedge against the traditional financial system, but so much for that I suppose.

I bought some at 6000. It's already lower than that but 6000 to me is a great well known and historically strong level. Maybe we'll go to 5500 who knows?

Crazy how this aged and it hasn't even been 24 hours yet. Hodl strong everyone.

[AlecMe]

Buying opportunity approaching!  I just need to learn when to sell at the right time.

Why are cryptos falling, their prices should be rising like gold at times like this.

I opened up coinmarketcap this morning, saw all the red, and said "holy fucking shit".

Weird times, but whatever, as long as I make a big profit!

i thought gold is up only due to having $$$ being pumped into by the fed reserve.

btc is down as people are selling and reacting to the surroundings (ie. corona and lockdown, travel bans, isolation, etc...)

PS> let the price drop, i wanted a low entry level for a while

[microsurfer]

One of the wosrt day in my life

[mu_enrico]

Guys, a 27% increase over the last 30 mins! This clearly is a bull market now!!!

Dude, no need to shill like this.
I thought the price wouldn't go down below 5,500 but several hours ago it touched 4,100 level. Careful with the market, I was thinking about buying when that shit happened.

No one can time the market except Buffett.

[KrisAlex18]

Well the coins price down is a normal thing, especially with the current situation, on which COVID-19 is still spreading all over the world, the price of the bitcoin is really shocking, because before I though that 6,000 Dollars is the lowest price that this bitcoin can have as of this year 2020, but because of the virus I already expected this thing.

Actually this is the great time for us to buy coins, trade and to invest, let us grab the opportunity because for sure when the bitcoin is still down because for sure it will rise again as soon as possible. Do not worry about the drops of the bitcoin because it is really normal thing for cryptocurrency to change its price day by day or even seconds by seconds. Realizing how much you may earn if you invest now, the price of the bitcoin is around 5000 dollars so if you invest 1000 USD and if it the price of the bitcoin turns again into 10000 dollars, then you may earn 2000 USD.

[tvplus006]

Honestly, I haven't visit the price chart recently but when I check it right this very moment, bitcoin already drop by 34%. OMG ! The price go back again to $5000 *sigh. Anyway, if you already get used to this kind of scenarios you won't panic at all. Chill guys, let's take advantage of it.

Not many people were able to profit from such a market. Most continue to sit in hold and watch how bitcoin will behave in the future. It is not the best time to sell bitcoin and wait for the best price. But those who have free money can think of new purchases.

[mrquackquack]

Given the state of this economy in the world as a whole, I would be surprised if we ever see Bitcoin ATH price points any time soon or if ever again. It has been more than 2 years since its iconic rise and we haven't been close to those numbers since. Given the fact of its lack luster technology in this point in time and its limited use in the mass adoption state, I can only see it being a gold like basis of wealth storage but even then I have some doubts. Its a crazy, volatile market so who knows there always might be a chance.

[Paycheck]

Given the state of this economy in the world as a whole, I would be surprised if we ever see Bitcoin ATH price points any time soon or if ever again. It has been more than 2 years since its iconic rise and we haven't been close to those numbers since. Given the fact of its lack luster technology in this point in time and its limited use in the mass adoption state, I can only see it being a gold like basis of wealth storage but even then I have some doubts. Its a crazy, volatile market so who knows there always might be a chance.

I believe your argument is invalid.  Refer to the BTC price history between early 2014 and early 2017,  after the $1200 price highs in late 2013-early 2014, BTC slowly dribbled down to the low $200 range and just kind of farted around until it began a very slow rise in 2016, then really took off in 2017.

But then again, all the foolish fools who mortgaged their houses for BTC in late 2017 might not be so easily fooled again, and we might not see the price surge in the same way when it eventually does.  
It'll blast off again, just got to HODL until then.  But when conditions looks good for a huge BTC surge, we've got to conspire and collude (yes, illegally if need be) with the BTC whales to make a huge pump-n-dump.  But do it in such a way that I personally make big profits!!!

[mrquackquack]

Good luck my friend, just remember to buy low and sell high.

[mrquackquack]

Also for a near future basis of analysis we should probably look into what will happen after the "halving" of the block rewards. I think it will be somewhat of a interesting time given the fact the rewards will be halved and seemingly some not so "dedicated" miners will throw in the towel and stop mining altogether since profitably will most likely come into question. What does everyone think of what the market might look like after the halving? Any thoughts or comments are more than welcome.

[TryNinja]

Also for a near future basis of analysis we should probably look into what will happen after the "halving" of the block rewards. I think it will be somewhat of a interesting time given the fact the rewards will be halved and seemingly some not so "dedicated" miners will throw in the towel and stop mining altogether since profitably will most likely come into question. What does everyone think of what the market might look like after the halving? Any thoughts or comments are more than welcome.

What if miners can purposely lower their mining power until the halvening comes (decreasing the difficulty in a a slow and stable way) so when BTC halves, they do not need to literally cut 50% of the power or their income, making the network 50% lower for a couple of days? That if BTC doesn't recover enough to be ok until them. Does that sound feasible?

[onrise]

Good luck my friend, just remember to buy low and sell high.

The markets were crazy yesterday with the fall that is registered due to the global market turmoil happening due to corona virus. But market got better off when btc after falling to 3800$ range and then started to lift up and now trading at 5500$ price. Also a good price to accumulate on dips which will help you to make money with the rise and it is going to be the same pace rise as it has fallen.

[lienfaye]

I think many investors are panic selling their coins that's why the market is in bloody situation, this is due to covid-19. Some places are lockdown or under quarantine the reason why people need to buy goods so they need cash to be able to do it.

Bloody market might not a good scene for some of us with huge investment in crypto but for people who are waiting for price dip this is a good opporunity to buy. If you're a week investor its better not to monitor the market often to avoid a decision you might regret if the market recover again in the future.

[Smitty Werben Man Jensen]

Good luck my friend, just remember to buy low and sell high.

The markets were crazy yesterday with the fall that is registered due to the global market turmoil happening due to corona virus. But market got better off when btc after falling to 3800$ range and then started to lift up and now trading at 5500$ price. Also a good price to accumulate on dips which will help you to make money with the rise and it is going to be the same pace rise as it has fallen.

This is not crazy, but it has been very crazy !, Decline earlier this month from $ 9,000 to $ 3800 in just a few days, it is natural that all coins experience the effects of this crazy decline, reportedly because the corona virus has become a pandemic, and the bottom for bitcoin doesn't seem over, there is still the possibility to retest to $ 3800 again.

[Twentyonepaylots]

Good luck my friend, just remember to buy low and sell high.

The markets were crazy yesterday with the fall that is registered due to the global market turmoil happening due to corona virus. But market got better off when btc after falling to 3800$ range and then started to lift up and now trading at 5500$ price. Also a good price to accumulate on dips which will help you to make money with the rise and it is going to be the same pace rise as it has fallen.

These things are very positive with a good mindset and rational thinking. Imagine the prices are always high, who would be the one to speculate and inject in the market? Obviously none coz all of us will just wait. Actually it is good to see the price of dominant coin in the market gets low after the world crisis started to happen in the late 2019, it is actually a frontispiecing sign that we can grab.

[Febo]

Buying opportunity approaching!  I just need to learn when to sell at the right time.

You also need to learn when to buy at the right time. Knowing just when to sell will not help you much if you buy at more expensive then you sell.  This will also be result in most cases. This drop was sort of expected but in general Bitcoin price is manipulated by Bitcoin whales and you cant predict anything.

[South Park]

Buying opportunity approaching!  I just need to learn when to sell at the right time.

Why are cryptos falling, their prices should be rising like gold at times like this.

I opened up coinmarketcap this morning, saw all the red, and said "holy fucking shit".

Weird times, but whatever, as long as I make a big profit!

Whenever you see such a huge drop in the market you can be sure that a lot of people were using a huge amount of leverage and they were surprised by the sudden movement of the market and were unable to get out of it before losing most or all of their capital, if you are truly looking for a bottom I think it is too soon, this crisis is probably going to continue for some time so if you are patient I think you could get bitcoin for a way cheaper price than what you can get it right now.