what do you think about the few days deep

[Christabel247]

I noticed the recent deep generally affected most of the ALT coin within 48 hrs turning Red. i bought EOS at $5.2 but i was panic to sell reason because most of my assets was greatly at loose and i couldn't bear the pain so i have to sell off most them to be able to secure them, not too long the market changes direction again and already i have lost most of my investment.

Do we expect another deep soon?
what is your intake, please be free to drop your comments.

[Sterbens]

Simply put, the current growth of crypto has become quite significant, so when a fall in the market occurs, we all panic between returning or stagnating and falling even more. that is the trap the whales set on small traders like us. not only you, personally I also like that. However, instead of seeing the red conditions going on, I better not visit the market for a while. because it will affect me mentally. Well, you are right about the panic that happened, but in the crypto industry things can change in unexpected times.

I chose not to visit the market, and always believed that after red there would be green. it's already a cycle. the most important thing is that we are right in choosing crypto.

[teosanru]

I noticed the recent deep generally affected most of the ALT coin within 48 hrs turning Red. i bought EOS at $5.2 but i was panic to sell reason because most of my assets was greatly at loose and i couldn't bear the pain so i have to sell off most them to be able to secure them, not too long the market changes direction again and already i have lost most of my investment.

Do we expect another deep soon?
what is your intake, please be free to drop your comments.

I think you should never ever sell at a dump. Market doesn't goes down like 30% in a day. If it goes 30% down there will surely be a 15% retracement back on the upside. Try to sell on this upside retracement always. Same is the case when it comes to buying Don't buy in FoMo let the market settle the dusts and buy on the next retracement. I saw the market falling until 47 but didn't sell then the market went back to 52k and I comfortably sold everything at this point and now we are back to 49 range. Ideally I expect market to show a leg down till 40k before it moves back up.

[Christabel247]

that is the trap the whales set on small traders like us. not only you, personally I also like that. However, instead of seeing the red conditions going on, I better not visit the market for a while.

it is not really easy sir, the whales are really drilling small traders and for us to overcome it to fund our account and have more funds so that if there is any deep we don't have to panic about the market.

[mk4]

Ask yourself: are the assets you're buying actually 'investments'? Because when you invest, you hold that certain asset for longer amounts of time. An investment isn't something you just immediately sell the moment it drops a few points.

As for more dips, no one knows. But tell you what: bitcoin has been the best investment you can make since the past decade. But was it's price chart just a straight upward trend in 10 years? Hell no. There was always price drops, even as big as 70%-90%. If you can't handle price drops, then 'investing' isn't for you.

[bittraffic]

The dip was real. Like the ones who waited for this dip I too was looking for this opportunity, the only difference is that I have not bought some BTC nor tokens because I thought it will continue to dip for the whole week.  One chance to buy the dip of ADA for as low as $0.80, that's how low it went yesterday.

What I think of it is that the good traders got the easy money well compare to the ones who overly analyze the dip.

[Sinjokubhi]

Simply put, the current growth of crypto has become quite significant, so when a fall in the market occurs, we all panic between returning or stagnating and falling even more. that is the trap the whales set on small traders like us. not only you, personally I also like that. However, instead of seeing the red conditions going on, I better not visit the market for a while. because it will affect me mentally. Well, you are right about the panic that happened, but in the crypto industry things can change in unexpected times.

I chose not to visit the market, and always believed that after red there would be green. it's already a cycle. the most important thing is that we are right in choosing crypto.

I agree with his opinion, seeing the market when conditions are not good makes us mentally down. That is their tactic to lure us into selling our coins immediately, where we are faced with falling prices for quite a long time. So that we immediately sell it in fast time. This happens almost often, we panic and immediately sell the coin, because the chart shows the number of continuous decrease and after selling it the market price returns to normal in the next few days. Finally, we regret that we sold the coin at a loss, even though not much of our funds were lost, the feeling of regret is definitely there.

As he said, the condition of the market price does not always decrease (red), there will be a time when the price returns to normal, it's just their game that makes us panic and lose some of our funds. Indeed, patience is the key, that's where our patience is tested. Not only our patience, thoroughness and persistence in reading market prices are also tested there, it's just how we respond and make decisions with confidence in ourselves. Someone's emotions will definitely be disturbed if they see the numbers that keep getting red and the price of the coins decreases, if we just focus on that, we will only be consumed by the panic of the problem. It is not easy to control our own emotions, even experienced people sometimes still experience the same mistakes as you.

[airdata]

This is very bad time for all Cryptocurrency traders and for all investors, we know that on this time all altcoins price has very dump and already my portfolio has 50% from main balance,  i don’t know that when it will recover and i think now bitcoin's price will stable.            

[The Cryptovator]

For the crypto, there is a dump after every pump and there is a pump after every dump. I wasn't surprised about the recent dump, because market growth was so quick. If something happens so quick then it would last for a long. From that zone, I am expecting slowly bitcoin correction would happen. So at the same time, the overall crypto market would on correction mode as well. But I am not worried about correction if the Bitcoin price stays above $40K. If bitcoin somehow plays a stable role then the overall crypto market would start to recover. I believe many bagholders are waiting for a correction. So, don't expect that price will grow continuously.

[Oceat]

It seems like you are new in the market if you don't know how to respond to something like an investment. You either hold it for a short or long amount of time depending when you would have to sell them. What you did is like scalping but in reality you were just panic selling due to what you feel by looking at your current investment.

The dip is resulted most probably by the tweet of Elon Musk plus considering those weak hands dumping just like what you did, OP. And now, new investors are having fun of buying the dip while gaining a profit when it's going to go up again. To tell you about what/when will this dip going to stop? No one actually knows it but look around here in the forum you will most likely gonna find what you were looking for.

[Rruchi man]

Do we expect another deep soon?

This is the dip before the setting of a new ATH. I like to view it as one step back, two steps forward. Let's keep our eyes ready to hear the good news of a new ATH after this drop.

[dunfida]

I noticed the recent deep generally affected most of the ALT coin within 48 hrs turning Red. i bought EOS at $5.2 but i was panic to sell reason because most of my assets was greatly at loose and i couldn't bear the pain so i have to sell off most them to be able to secure them, not too long the market changes direction again and already i have lost most of my investment.

Do we expect another deep soon?
what is your intake, please be free to drop your comments.

Common mistakes of a noob on where they do easily react out and panic sell when they do saw that their portfolio is dropping in usd price and when the market
tends to make some recovery then thats the time they do make out some regrets.Its pretty common even experienced traders or investors arent exempted with
the market volatility so asking off on expecting for another dip soon then no one can really tell.Take this as a lesson learn for you and with due experience
you can really able to handle up your emotion which is really a big factor on affecting someones decision.

[ScamViruS]

You will not see any market being pumped for forever, the market will always make price correction before the next movement. If you are new to the crypto market then you should have less idea about this kind of situation. But if you are an old crypto trader then you must know how the market actually works. The Altcoin market has undergone a lot of correction due to Bitcoin's large dump, but altcoin will try to recover quickly when the Bitcoin market is stable.

The work you have done is a common mistake for new crypto traders. I think you should learn more about trading without opening any new trades.

[boyptc]

Do we expect another deep soon?

No one can tell.

Panicking at such a drop will make you lose a lot if you have no certain plans before buying. You should have made a long-term plan and considered a drop to be faced by you and your investment.

But to give you an answer, we'll get an unlimited rise and as well as unlimited drop.

[palle11]

Correction as to cryptocurrency is a ritual just like the bull is also, it depends on the side that you are lucky or unlucky for fall under.  The deep has always been in expectation if you have been reading threads here. You are a newbie maybe you are seeing the eaves of the market for the first time. The bull is not always steady and deep too this is how people/investors make profit, is controlled by demand to supply. I'm not feeling the deep is not normal because bitcoin as the king is dropping and it must affect the altcoins including etheruem.

[Tstar]

I noticed the recent deep generally affected most of the ALT coin within 48 hrs turning Red. i bought EOS at $5.2 but i was panic to sell reason because most of my assets was greatly at loose and i couldn't bear the pain so i have to sell off most them to be able to secure them, not too long the market changes direction again and already i have lost most of my investment.

Do we expect another deep soon?
what is your intake, please be free to drop your comments.

I also managed to match some 'market orders' that took a deep dip, and I'm happy.

I don't expect any big dip soon without any notable bad news. This one was expected as Bitcoin can't go only in one direction.

[AliMan]

I noticed the recent deep generally affected most of the ALT coin within 48 hrs turning Red. i bought EOS at $5.2 but i was panic to sell reason because most of my assets was greatly at loose and i couldn't bear the pain so i have to sell off most them to be able to secure them, not too long the market changes direction again and already i have lost most of my investment.

Do we expect another deep soon?
what is your intake, please be free to drop your comments.

I am expecting more opportunities to come, specially for those who failed to buy their favorite coins during bearish days. This is our best chance to purchase them, and wait for recovery to happen. However, we should be picky for selecting the prospected asset, because you may fail if you won't choose the right point when to buy. Analysis is always the best key in order to deal with it with a certain actions.

[Questat]

Ohh, the dump has come, the bullish season had a step back and we are facing a huge market correction. These things can't be negative as we all know that dumping will certainly be happening anytime and there is nothing to worried about as this actually a common change that we experience since before. 

if we wanted to sell, make it now. In fact, if the declines continue we can buy back again which is what the traders had usually done.

[Ridwan Fauzi]

Tecnically, if we see to the weekly candle indeed there is a sign that the bearish market will come. The previous weekly candle has been closed by the current candle. But we still need three days left to see what will happen.

But, it is just based on weekly candle, if see to high time like monthly time frame then we still in the bullish market. The monthly candle will be formed as a bullish belt hold which will give an indication that the bullish market still in control.

[chaser15]

Do we expect another deep soon?
what is your intake, please be free to drop your comments.

Always remember that the recent price dip was a former bull price. Take it easy. Instead of taking it as a negative, it's giving an opportunity for us to make another entry. In your situation, you got panic already that's why your emotion controls you.

A dip is a part of the healthy market. You should hug it from now or else your emotion will be the reason why you will have a failed portfolio.