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Saisher
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November 29, 2020, 11:37:17 AM |
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The world plunging is the most used up word in Cryptocurrency, like HODL and pump and dump, we always see topic like this every time the market is crashing but this is an endless cycle and will continue to be here as long as the market is highly volatile, expect the market to comeback and make a big pump.
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MadeMen
Copper Member
Jr. Member
 Offline
Activity: 389
Merit: 1
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November 29, 2020, 02:19:36 PM |
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It's awesome to see that the market correction is over and there has been a good percentage of increase in the value of ethereum and Ripple most especially. I was relaxed when I saw the dwindling prices because its a norm in the cryptocurrency market. I do hope that we would surpass the market resistance and mark a new ATH.
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bittick
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November 29, 2020, 02:46:47 PM |
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Fast forward 3 days later now it's up again. It's a market correction and that happens frequently with the market that's bullish or after experiencing the pump. Now that the market correction has happened I only expect the market to go far up
since our bitcoin has long been stagnant and stuck at the same price level for quite of the time.
Bitcoin retirement plan, paypal adoption and many more. Hopefully those are enough to drive the price up significantly.
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InwardContour
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November 29, 2020, 05:04:02 PM |
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Fast forward 3 days later now it's up again. It's a market correction and that happens frequently with the market that's bullish or after experiencing the pump. Now that the market correction has happened I only expect the market to go far up
since our bitcoin has long been stagnant and stuck at the same price level for quite of the time.
Bitcoin retirement plan, paypal adoption and many more. Hopefully those are enough to drive the price up significantly.
Majority of crypto enthusiasts buy into coins only when price start plunging up, and are not always interested to buy when prices are down. I think best strategy is check when a coin retest a good support level and immediately wants to bounce up, rather than buying when prices start rising and if there is a major resistance, prices might fall from there. Everyone is optimistic that this current uptrend will continue, well its a good thing if bullrun continues for BTC, even though right now just few alts are following the uptrend. |
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warg2017
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November 29, 2020, 05:29:08 PM |
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Just a normal phenomenon，please calm down and don't make a fuss. I can totally understand you feeling，because i had this feeling before，that is when i as a crypto newbie.
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maartenhaha
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November 29, 2020, 05:42:47 PM |
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It's just an ordinary condition, so don't overdo it assuming market conditions will be worse, watch the current market has recovered quickly and be lucky if you bought it yesterday, don't just complain when the market goes down because that's the right momentum to grow your portfolio.
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Tomcolor
Member
Offline
Activity: 661
Merit: 10
Chainjoes.com
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November 29, 2020, 05:42:57 PM |
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Look like normal everyday and i don't saw yet for bull run altcoins market. There are lot of altcoins market still under in dumping but remain pump btc and eth. It's my bad that's why I have bought some defi coin because at the time still price failed. Really i expecting the altcoins market pumping time when i can sold.
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ven7net
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November 29, 2020, 05:49:48 PM |
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Indeed, the market went down, but this is a temporary drop. I don’t think there is any reason to panic. You need to understand in more detail how the crypto market works. The rise in prices and their fall is a normal process, as it gives an opportunity to earn money. As for growth, it has just begun and of course will be accompanied by periodic drops, since there are those who fix profits and those who want to buy cheaper.
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tyz
Legendary
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Activity: 3360
Merit: 1531
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November 29, 2020, 06:10:35 PM |
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It's awesome to see that the market correction is over and there has been a good percentage of increase in the value of ethereum and Ripple most especially. I was relaxed when I saw the dwindling prices because its a norm in the cryptocurrency market. I do hope that we would surpass the market resistance and mark a new ATH.
It's not only a norm in crypto currency markets it is also a norm in all other markets. When markets rise extremely sharply in a short period of time, sooner or later there will be a correction. The only question is, will there be a short correction and then the rise will continue or will there be a long-lasting crash (as we had from early 2018 to late 2019). In this case it is definitely the former, so it was a good time to buy more cheaply. |
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2tang
Sr. Member
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Activity: 1414
Merit: 259
Undeads.com - P2E Runner Game
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November 29, 2020, 06:27:34 PM |
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Just a normal phenomenon，please calm down and don't make a fuss. I can totally understand you feeling，because i had this feeling before，that is when i as a crypto newbie.
currently bitcoin is experiencing a price correction and of course it is only natural that the crypto trading market has experienced a decline which may be due to the current price correction in bitcoin and if later bitcoin can rebound again and be able to break price resistance it will certainly have a positive impact on the crypto market. So, it's true, as you say, we don't need to panic now because this decline is a common thing in the market. |
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JNR
Full Member
Offline
Activity: 585
Merit: 100
@JNRcryptobox
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November 29, 2020, 06:33:43 PM |
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Indeed, the market went down, but this is a temporary drop. I don’t think there is any reason to panic. You need to understand in more detail how the crypto market works. The rise in prices and their fall is a normal process, as it gives an opportunity to earn money. As for growth, it has just begun and of course will be accompanied by periodic drops, since there are those who fix profits and those who want to buy cheaper.
this down just for a while and in short word this is only a corrections my friend so, there is no reason for panic if we understand how the market work |
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pedrillo0
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December 01, 2020, 04:10:10 AM |
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It is normal that in a price increase we have price corrections. This happens even in traditional markets.
But don't worry, it's still too early for the strong price corrections.
We will have all of 2021 and more with bull markets...
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DevilSlayer
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December 01, 2020, 04:30:03 AM |
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It is normal that in a price increase we have price corrections. This happens even in traditional markets.
But don't worry, it's still too early for the strong price corrections.
We will have all of 2021 and more with bull markets...
Corrections are normal in every type of market, if a correction happens; it doesn't mean that it is already bearish. The momentum just ended and it is the characteristics of a chart to do some price drop before it continue to make another high. There is already correction happened last week where a lot of cryptocurrencies dropped more than -10% and it for me it is a sign of healthy market because the price is making pullback where it can be a right opportunity to ride and grab those opportunities. Try to observe the current state of the market, it is very bullish because we are now approaching to beat the ATH of the bitcoin and some of altcoins out there are now starting to move and for sure it is because of the manipulators in the market. |
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suryana
Sr. Member
Offline
Activity: 1218
Merit: 254
Trphy.io
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December 01, 2020, 04:51:41 AM |
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I'm not surprised price correction like this, Because this often happened when prices have risen sharply, there will be a strong price correction up to 20%, So take advantage moments like these to buy top potential coins on coinmarketcap. And now you can see that the market price has recovered and the Bitcoin price has gone up again.
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flyer88
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December 01, 2020, 05:00:45 AM |
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I'm not surprised price correction like this, Because this often happened when prices have risen sharply, there will be a strong price correction up to 20%, So take advantage moments like these to buy top potential coins on coinmarketcap. And now you can see that the market price has recovered and the Bitcoin price has gone up again.
Yes I agree, use that moment to buy potential coins as we will soon see the market price recover and go up. Every time correction, that is actually our opportunity to buy because the price will definitely rise again after correction period ends. Now Bitcoin price is going up again and I believe Altcoin price will also go up. |
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Irdina
Full Member
Offline
Activity: 502
Merit: 100
TheFutbolCoin
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December 02, 2020, 01:29:06 AM |
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correction of bitcoin is currently very sharp, but it can recover because bitcoin has not yet touched $ 20,000, I am sure bitcoin has not reached its peak and this is our opportunity to buy bitcoin, many people predict bitcoin will reach the level of $ 20000 and above, so don't panic about correction currently.
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asriloni
Legendary
Offline
Activity: 3010
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
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December 02, 2020, 03:54:40 AM |
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It is normal that in a price increase we have price corrections. This happens even in traditional markets.
But don't worry, it's still too early for the strong price corrections.
We will have all of 2021 and more with bull markets...
The market looks unstable right now and it could be there are some reasons why that happens. The correction doesn't matter so much as long as it can't break another below than 16k resistance. These days the whales are still waiting for something be that will be used as the reason to pump the bitcoin for sure. More bullish market will come very soon. We is still in the early pump. I guess the this month will be the same as December 2017. Some management funds will be coming and there's a company who wanna put 500 millions into the bitcoin. |
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manfredmann
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December 06, 2020, 01:43:28 AM |
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What about now? Are we getting good with the current market? As I check the current market for btc and other strong altcoins are having a good value and are in upward trend. This volatility of almost all crypto except for those stable coins are normal. It can fluctuate any moment soon and even can bounce back again in just a short period of time depending on the people behind it like the whales trying to scare and manipulate the bitcoin holders.
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paglarhat
Member
Offline
Activity: 99
Merit: 10
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December 06, 2020, 05:26:14 AM |
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I don't think the cryptocurrency market is sinking,
I've been involved in cryptocurrency for about three years,
I can tell from my personal experience that the cryptocurrency market will never sink.
On the contrary, the future of cryptocurrency is very bright in my opinion.
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Benefactor
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December 06, 2020, 03:06:07 PM |
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I think this is only a short remedy and in the following not many days Bitcoin could get through $ 20k. There is sufficient motivation to accept that the bull run has quite recently started and still can't seem to arrive at its most elevated pinnacle. For instance, Paypal is just contribution crypto to a restricted populace of its clients. They are generally in the US and different nations.
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