Will Crypto recover from the most recent crypto dip?

[posi]

A sharp fall/rise will always comes with a short term retracement so that the charts wouldn't be too steep
After going into the consolidation stage, this is where you can see if the market is going to recover back to bull or just a short term change

It will be back to bull market, it doesn't matter what I believe because we can all make our own prediction but I am just bullish with bitcoin this year.
You know what? people are thinking bitcoin will drop because of the pandemic, and they'll accept that as they are ready to see it, but it was not happening, bitcoin remains stable until now and it has pump from time to time or bounce back once it falls.

I am being positive overall too
I am more off a bullish bias overall for this market and yeah, i agree with the fact that Bitcoin will continue drop due to pandemic
Perhaps it might drop off a little but it will move up than down from what i see
We are not breaking the previous low after the dump so i assume we are pretty safe

No one or nothing on earth is ever safe and the reason why the price of bitcoin broke the previous low price is because some slightly increase in demand done by some investors to seize the opportunity of the previous dump in price before halving but I'm sure the market will still experience another dump next month than the previous dump.

[kaneki007]

Opinions about what will happen to the cryptocurrency market are very different. my opinion is that now is a great time for those people who have free money. those people whose money was in cryptocurrency or stocks and their income was only from these sources are now in a bad situation and when everything is stabilizing, nobody knows

If the situation still gets worse I think some people will sell their assets because they are forced. I myself sell a bit of bitcoin to meet my needs and leave it as an investment even though maybe one day I will sell it before my target price is reached because we don't know in the future what it looks like.

[Kelvinid]

Opinions about what will happen to the cryptocurrency market are very different. my opinion is that now is a great time for those people who have free money. those people whose money was in cryptocurrency or stocks and their income was only from these sources are now in a bad situation and when everything is stabilizing, nobody knows

If the situation still gets worse I think some people will sell their assets because they are forced. I myself sell a bit of bitcoin to meet my needs and leave it as an investment even though maybe one day I will sell it before my target price is reached because we don't know in the future what it looks like.

As expected to happen, more panic sellers will come and that it gives our investors/bag holders to buy their coins.
The current situation is tried to test us and how we've become an optimistic person. It can be of big struggles for those people who are just certainly depending on the market. And I'm glad that I have another source of income coz it possible that I can't hold it anymore and be like them also...So I can't blame others to think like this because they are saving their life and the fear of coronavirus.

 

[Taskford]

Opinions about what will happen to the cryptocurrency market are very different. my opinion is that now is a great time for those people who have free money. those people whose money was in cryptocurrency or stocks and their income was only from these sources are now in a bad situation and when everything is stabilizing, nobody knows

If the situation still gets worse I think some people will sell their assets because they are forced. I myself sell a bit of bitcoin to meet my needs and leave it as an investment even though maybe one day I will sell it before my target price is reached because we don't know in the future what it looks like.

As expected to happen, more panic sellers will come and that it gives our investors/bag holders to buy their coins.
The current situation is tried to test us and how we've become an optimistic person. It can be of big struggles for those people who are just certainly depending on the market. And I'm glad that I have another source of income coz it possible that I can't hold it anymore and be like them also...So I can't blame others to think like this because they are saving their life and the fear of coronavirus.

 

This current situation contribute to the panic of those people who are unpatience for their trades and that could be a bad move for them to get affected without doing some counter action since as of now we see some several  flactuation which can possibly earn us some good numbers.

but still I can't blame people to get afraid on this situation since its a huge burden on economy on what is striking to us right now and provably many people securing their fiat's even at loss in preparation for worse case scenario.

[CryptoArbi]

Cryptos and BTC especially are condemned to recover.
Central banks are printing like no tomorrow and this will create inflation. Already it is 2.2 BN for the US and no-one can estimate the amount for Euro-area, as it is not only the ECB that prints money. Countries are also allowed to circulate more money than what they have.
We are at the beginning of a big recession. They will print again and again. The US will hold elections this November and the government has the interest to keep everyone happy, even if it is a voucher instead of a real job.
In this environment, you should be looking for places where inflation is controllable. BTC's inflation is indeed controllable.
To sum up, yes, it will recover.

[Shadowkipper]

It will surely recover, soon there will be halving of Bitcoin, and already completely the market will begin to recover after the coronavirus pandemic, I hope it will be soon.

[ScamViruS]

Last Monday the crypto market experienced a dip when its value fell by more than $26 Billion. This massive dip in the crypto market was due largely to a plummet in oil prices but was also affected by a drop in the stock markets.

Here is why the crypto market will recover: https://www.cryptopolitan.com/explaining-the-recent-crypto-dip-will-it-recover/

Do you agree with the article?

The crypto market will recover soon. This dump will attract many new investors. We've seen the crypto market dump many times before. Then the market recovered very quickly. I'm positive this time. I think the market will go up again very quickly. Since halving bitcoin is not much longer. After halving the market will go upwards. Maybe smart money already entered in the market.   

[Kasabus]

It will surely recover, soon there will be halving of Bitcoin, and already completely the market will begin to recover after the coronavirus pandemic, I hope it will be soon.

The future is still clear and we will survive on this pandemic, by 2021 we are completely healed that time and its not a big deal for me to wait that much. Cryptocurrency will recover huge rate on that and yes the halving will bring a bright light for us but don’t expect for an east up trend, take it slowly and expect less for the market.

We the crypto community should be more optimistic about the current global crisis we are experiencing that despite all of this, crypto will still recover just like what it did with the previous dips we had before. This corona virus pandemic may have turned all the businesses down but as long as this will be over, crypto market will be back to normal again. I believed that crypto might be a good business today because of the fact that we can still make profits from it even if the rest of the businesses are not doing good.

[CryptoArbi]

How do we know that we will be completely healed in 2021?
Is there any guarantee we will have a vaccine out in the market. Because IMO, if we don't have a vaccine available to all, the cases and deaths will just bump every now and then, and no real solution will be given to the problem. When cases going up, new quarantines will be ordered. We can't go on like that.

[ballerin and giroud]

The crypto industry has been matured currently, it will like oil and stock marker which mean if we see their prices were decreased I will believe soon their price will goes up again. As of now most crypto prices are green even some of them has been increasing for more than 100% (SUMO) that will be pointed out most crypto prices are trying to recover.

[Clark05]

What ever happen now Im surely thid coming weeks or next month we see again the pumping of the crypto, at this moment the price start rising a little bit and that is good sign thag crypto will recover again maybe not just now but they have right time to full recover what the price dumped last month ago and that is 10k dollars is Im expecting this month. Many articles and news about bitcoin and most of them we don't know what is legit or not so be careful.

[Rosilito]

I don't agree with the article because the writer was just cooking up a story that does not correlate to the reason behind the dump in the price of bitcoin and another crypto market and i believe the OP ought to know what causes the current trend in the market because it a general situation and it affected all business setting globally.

Agree, talk about obvious here. It was massively influenced by a recent crisis causing panic all around leaving people with no choice but to pull out their assets as well or else it would be too late for them to do it so. But whatever may the circumstances would be, recovery sooner is guaranteed the thing is, that it won't happen as soon as everything be settled. Market is unpredictable, there's no one knows when would it rise, and how much will it increase. But whatever it may be, we have to be prepared all the time so that we can take right actions at unexpected circumstances.

[ololajulo]

I dont know if the comment of Kiyosaki on cryptocurrency and bitcoin lately is valid, that in the world recession like this investment should be in crypto and Gold. Bitcoin is assumed to be price-in at $8000 as early as february, If we could get back to $8000 by this month end/ May, we could be back in the right direction. This will also describe bitcoin/crypto to be the safest investment even in recession. There were worst dump in the past (more than -26% dump in a month) and the space survived.

[bitgolden]

We can't really predict WHEN it will happen, I mean sure we all agree that it will recover but we have no idea how long it will take. Look at bitcoin right now, it goes up and down between 6k and 7k level without breaking both sides, it goes as close as under 6.1k but still stays above 6k, close as high as 6.8k+ but doesn't break 7k, so it is basically stuck and can't really move at all.

What can we do about this? Well, the best case scenario for right now is wait out, and when this corona thing is over and when we have the halving, there is a chance maybe we can actually recover properly instead of this small movements, I am not sure though, like it is not 100% guaranteed recovery, but it looks like halving+no corona is actually the best solution to our current problem.

[forexandcryptoauditor]

The current pandemic situation has impacted entire industrial and financial services, with no exception to cryptocurrencies. Not sure how long the impact will be there but surely we see big hope and optimistic feelings due to bitcoin halving event. I hope the situation will ease soon and markets will recover gaining more confidence in investors.

[inanilujimi]

hope is always there, the crypto market has been trained in this kind of thing depends on how we respond to this situation, if you are not strong prepare to be a loser, and basically I enter this market want to get profit not feel defeat.

[posi]

I dont know if the comment of Kiyosaki on cryptocurrency and bitcoin lately is valid, that in the world recession like this investment should be in crypto and Gold. Bitcoin is assumed to be price-in at $8000 as early as february, If we could get back to $8000 by this month end/ May, we could be back in the right direction. This will also describe bitcoin/crypto to be the safest investment even in recession. There were worst dump in the past (more than -26% dump in a month) and the space survived.

I read through Kiyosaki statement and his comment on twitter is totally valid but he make the statement in a tricky and sensible way as a business strategists does. Besides, he was not talking about the current situation of the bitcoin and gold market the safety with the future profit the two assets will bring to it investors.

[Quidat]

I don't agree with the article because the writer was just cooking up a story that does not correlate to the reason behind the dump in the price of bitcoin and another crypto market and i believe the OP ought to know what causes the current trend in the market because it a general situation and it affected all business setting globally.

Agree, talk about obvious here. It was massively influenced by a recent crisis causing panic all around leaving people with no choice but to pull out their assets as well or else it would be too late for them to do it so. But whatever may the circumstances would be, recovery sooner is guaranteed the thing is, that it won't happen as soon as everything be settled. Market is unpredictable, there's no one knows when would it rise, and how much will it increase. But whatever it may be, we have to be prepared all the time so that we can take right actions at unexpected circumstances.

True and this is how market works on where we cant just see a falling market like forever.There would always be a recovery.

Now we are seeing that btc price is starting to cling up even we are in the middle of pandemic thing.Yeah, im not saying its the main reason but
we cant deny that this situation does really give out big impact not only on crypto market but also in other markets as well.
Recovery is a sure thing and for those who risk up on buying on dips will surely make out profits.