blockman
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February 25, 2021, 11:45:55 PM |
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No, I think the drop is enough. We need a big increase in most crypto prices to make all people think positive again about crypto future.
Crypto won't be the one adjusting just to make everyone have a positive mindset about cryptocurrencies. That's not the idea that you should be thinking. People must be positive in crypto because of its market and potential not just because of its increasing prices. In early 2018, many have found themselves in trouble because they've thought and impressed of crypto as an increasing only asset.
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kramchers
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February 26, 2021, 12:56:49 AM |
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These a couple days I saw the movement in the market were almost altcoins are really performing so good and almost majority of them so far are in green stage of level. Glad that I made a good choice to trade some of the alts and gave me a nice profit at the moment. And I think it continue in the market to grow more for sure until end of next year in my own assessment.
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best123
Jr. Member
Offline
Activity: 644
Merit: 1
https://blockmembers.io/
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February 26, 2021, 02:31:32 AM |
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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.
We that studied business related course, believed that business has different faces (Business Cycle); peak, recession, depression, recovery, boom. So, fall in price is normal. What is important for the business man/woman (trader, hodl etc) is to have a reliable and dependable information on the investment or business. I also sold some of mine token on that faithful day of some which I believed that are strong enough to o bounce back easily.
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Pamadar
Legendary
Offline
Activity: 2982
Merit: 1028
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February 26, 2021, 02:50:17 AM |
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These a couple days I saw the movement in the market were almost altcoins are really performing so good and almost majority of them so far are in green stage of level. Glad that I made a good choice to trade some of the alts and gave me a nice profit at the moment. And I think it continue in the market to grow more for sure until end of next year in my own assessment.
If you manage to analyze the situation and see some open chances to grab a good position for your trade. You need to take a closer look in order to assume what will be the next target goal, anticipating will be your key to generate good profits, this market is a wide open place to each traders who are chasing for decent benefits.
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RealMalatesta
Legendary
Offline
Activity: 2380
Merit: 1150
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February 26, 2021, 06:40:44 AM |
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The market is very uncertain now. there's no way to be sure about what's going to happen. It just seems like the market is going into a consolidation phase which would give more than enough room for new entries since prices were on the high side since those were all time high prices.
I do not think that market is "uncertain", in fact I believe market is as certain of whats going on as it gets, why? Because at the end of the day corrections happen and prices can't always go up and people took out their profits and with the realized profits they are either going to go out or just stay in and buy cheaper, however that correction needs to happen sometimes. Think about it like running for a long distance, sometimes you stop and take a deep breath and then try to run again, or think of it like bow and arrow, it goes back first then goes super fast later. So long story short this is known, everybody knows whats going on and they are quite happy about it, I do not think that it could change anytime soon, we had a correction and we are going to end up with a good increase very soon on top of this, that is basically the whole story.
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SirLancelot
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February 26, 2021, 06:57:44 AM |
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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?
You made a mistake by selling your coins immediately, you should have had patience and waited for the market to climb up. If you know you’re going to be panicking in situations like this and ending up selling your coins at loss, it’s best that you sell when the market is climbing up and you have profit, than waiting till things like this happens and you start running around to sell your coins and at loss. That’s why any money you’re investing should be what you can take when there is loss, I have a friend that lost during the last bullish market in 2017 and he never sold, he had patience till this year to be able to make profit again. So that’s just it.
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tvplus006
Legendary
Offline
Activity: 2520
Merit: 2009
Shuffle.com
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February 26, 2021, 10:35:39 AM |
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You made a mistake by selling your coins immediately, you should have had patience and waited for the market to climb up....
Selling coins at a dump is not always a mistake if you have a specific plan of action. Very often, it is better to sell coins using a stop loss when the price falls, in order to buy at a lower price later. Otherwise, you will have to wait a long time, sometimes several years, for the price to recover and your losses will be leveled.
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hayden.blank
Newbie
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Activity: 21
Merit: 0
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February 26, 2021, 02:35:44 PM |
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I think its normal but its kind of getting into some of the traders which has emotions, they FOMO or FUD that it might pop the bubble and end them up with nothing
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tygeade
Legendary
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Activity: 2324
Merit: 1061
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February 27, 2021, 06:04:30 AM |
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Do we expect another deep soon?
No, I think the drop is enough. We need a big increase in most crypto prices to make all people think positive again about crypto future. If the drops continue till the next month, I doubt the market is getting worse and the price of Bitcoin drops more. This will lead to more severe decline in all crypto coins as a whole. We don't have to make others believe in bitcoin because as we do it, we are trying to sell something to someone which we don't ourselves believe in. Are we interested and looking to invest in the market? If the answer is yes then only we should even try to convince others. The market is so strong with the big investors diving in, that even if we don't spread positivity about bitcoins still there will be a decent old in the market. the mentality to promote bitcoins should change because the market is massive and maybe 5 years ago it was a good idea to make others believe in bitcoins and talk positive but that isn't the case anymore. Do we have to make people think positive about dollar? No, similarly we don't have to push bitcoin now, at least in my opinion.
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cheezcarls
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February 27, 2021, 06:55:30 AM |
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For buyers who are waiting for the dip, it's a good feeling for them to see the market correct in order to buy at lower prices. Corrections like this are normal, as we always know that it would bounce back anytime just like the old days.
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adzino
Copper Member
Hero Member
Offline
Activity: 3052
Merit: 576
www.Crypto.Games: Multiple coins, multiple games
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February 27, 2021, 07:09:11 AM |
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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.
This is very common in the crypto market. Once we see the price of bitcoin falling, the altcoins starts to go down even faster than you can imagine. Just look at the charts when you see a slight downtrend in the price of bitcoin. You will see that altcoins are raining red. This happens because people starts to panic like you. Another reason might be that people starts selling their altcoins so that they can take advantage fo the bitcoin price dip. You should have known better. Never panic sell. When price drops, the number of coins you are holding is still the same. It's the price that has dropped, not your coins. Do we expect another deep dip soon? what is your intake, please be free to drop your comments.
Who knows. We might see further correction. Or maybe the price has already corrected itself.
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imstillthebest
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February 27, 2021, 07:31:36 AM |
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its dip not deep but deep defines a simillar thing and that is to go down . your story was touching . you are willing to hold but your emotions are too strong and you finally sell . i hate panic sellers before but i think that if im on their situation i will realized that you cant do anything but follow whats your heart and mind is saying . if your done selling your done and dont look back what happen after that but start another journey if you wanted to .
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ethereumhunter
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February 27, 2021, 07:44:53 AM |
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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.
Another deep will come and we know about that. But we can prepare for that deep by having money from selling the coins at a high price, so we can buy back the coin when the deep comes. EOS is one of many altcoins that can be up and down in the future because the altcoins always follow bitcoin movements, although not all of the altcoins will follow bitcoin. You do not need to panic when the deep comes because that can attract you to fast selling and you can not think clearly about what is happening on the market.
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Smartprofit
Legendary
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Activity: 2562
Merit: 1962
There are no holidays in the school of life
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February 27, 2021, 09:15:59 AM |
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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.
Yes, Bitcoin and Altcoin price correction is very likely to continue. More recently, we have witnessed a rise in the price of many altcoins and a parabolic rise in the price of bitcoin. Could this go on forever? Of course not! The price of cryptocurrency assets rises cyclically. Investors who have benefited well from recent gains want to lock in their profits. Many people and companies are interested in Bitcoin. However, they don't want to buy it and altcoins at a very high price. As a result of the price correction, they will have a desire to buy cryptocurrency, and this cycle will repeat.
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Christabel247 (OP)
Member
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Activity: 555
Merit: 10
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February 27, 2021, 11:03:30 AM |
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If you manage to analyze the situation and see some open chances to grab a good position for your trade. You need to take a closer look in order to assume what will be the next target goal, anticipating will be your key to generate good profits, this market is a wide open place to each traders who are chasing for decent benefits. but most at times, we don't have to be so mean about the profits if you we have sets a trade and it execute during the prediction or analysis we should be glad and over looking for much profits that why most of us (traders) looses their funds in the process of making much quest.
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Christabel247 (OP)
Member
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Activity: 555
Merit: 10
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February 27, 2021, 11:18:48 AM |
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Do we expect another deep soon? Do we have to make people think positive about dollar? No, similarly we don't have to push bitcoin now, at least in my opinion.
dollars has been there for a long time and people has so much believed even without spreading it, they already knows about the dollars. In this point, we have to make good positive impact about the bitcoin, not only making good positive but to make them know that it has come to stay without and everyone should know about it.
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masterzino
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February 27, 2021, 12:32:37 PM |
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I find it healthy because this little correction allows us to re-arrange and fill up our portfolios better. In my case, I added Venus because at $85 is was way overpriced, but at $50 is fine, considering the BSC DeFi hype.
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ncwisdom
Newbie
Offline
Activity: 10
Merit: 1
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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.
In terms of technical analysis, looking at BTC in weekly time frame is show that the strong bullish move from 1st Feb. to 22nd Feb. 2021 that pushes the price from $32K to above $58k created an imbalance. As for me I expected the dip down to $42k within this week and the coming week to fill the imbalance created between $32k and $58. Which might determine a strong move again. I'm anticipating more dip as correction in price, so this dip is an opportunity for the ones looking for it to buy.
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blckhawk
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February 27, 2021, 03:09:30 PM |
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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.
One this is for sure after a pump there will be a dip. Not all the times those coins will just pump and if it happens that the coin you bought dipped you don't need to sell it for a loss because it will eventually grow back or even more. You should learn to control your emotion in this kind of market because it does not work on our side. If you saw your portfolio in bloodbath then just hold it. That is why it is necessary for us to have TP or at least set a Stop loss. Besides, I think this correction is healthy for the market because this creates an opportunity for everyone to procure more and push it to set a new ATH.
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Myleschetty
Member
Offline
Activity: 1191
Merit: 78
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February 27, 2021, 08:54:55 PM |
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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.
One this is for sure after a pump there will be a dip. Not all the times those coins will just pump and if it happens that the coin you bought dipped you don't need to sell it for a loss because it will eventually grow back or even more. You should learn to control your emotion in this kind of market because it does not work on our side. If you saw your portfolio in bloodbath then just hold it. That is why it is necessary for us to have TP or at least set a Stop loss. Besides, I think this correction is healthy for the market because this creates an opportunity for everyone to procure more and push it to set a new ATH. You are right about not selling at the lost price but it also depends on the coin in particular and in the season we're where the market can suddenly leap to any trend, invest in centralizing and a high manipulated coin is never a good thing and I dont him selling his EOS cause the coin is among highly manipulated coin. However, it invests the amount one can afford to lose is the best investment decision whenever the market is full of doubt.
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