Another huge dump happening today, is this it?

[JeffBrad12]

It's just a short correction, don't worry and don't be panic guys.
I'm sure that all of altcoins will bounce back from this red zone, it's just a short and normal correction.
to be honest the more scary is if the price keeps skyrocketing but never decreasing,
so let's just hold and keep your altcoins for now.

Who do you know if that's just a small correction? The correction is caused by the drop in bitcoin hash rate. The difficulty became much easier to mine bitcoin. That was creating panic all in the market.
The US news about money laundering was also creating panic well in the market.

That news was giving huge pressure at the same time and that makes so many bitcoin be liquidated in the market.
10 billion got liquidated on this dump event. It's not about the small correction but you must know what news was creating bad pressure for crypto and bitcoin.

[mamesso]

I am not too worried about the bleeding that occurs in the crypto market, because conditions like this have often happened, and the rotation is like that, Price fluctuation has become an inseparable part of cryptocurrency.
After experiencing an incredible improvement a few weeks ago, crypto market is bleeding again, even high-end coin also experienced a very large correction.

Looking at the correction that is taking place in several altcoin, what will you do, sit around looking at the market chart without doing anything or preparing a few dollars to get real results when the price is getting better.

[Twinkledoe]

I am not too worried about the bleeding that occurs in the crypto market, because conditions like this have often happened, and the rotation is like that, Price fluctuation has become an inseparable part of cryptocurrency.
After experiencing an incredible improvement a few weeks ago, crypto market is bleeding again, even high-end coin also experienced a very large correction.

Looking at the correction that is taking place in several altcoin, what will you do, sit around looking at the market chart without doing anything or preparing a few dollars to get real results when the price is getting better.

That is very right! And look at the price of bitcoin, it is still over 55k. I don't know why people feel it is like the end of bitcoin, while we are still in the 50s range. This is just part of the needed correction so we can have a healthy market. FUD is always here and it depends on you how you will react on this. Panic or accumulate more?

[TheBeardedBaby]

Every month big chuck of the market BTC circulation is taken out to a cold wallets from companies like MicroStrategies and Grayscale. The same with the Tesla, where Elon announced that if you buy a Tesla with bitcoins those bitcoins won't be spend or converted to fiat, so another way of taking out more coins from circulation. Unfortunately bitcoin failed in being a day life currency but it turned to be a "digital gold". This does not change the fact that Bitcoin is way more alive than ever before and it will live for quite long too.

Day traders may loose some money but the coin will continue with great success.

[Sled]

Every month big chuck of the market BTC circulation is taken out to a cold wallets from companies like MicroStrategies and Grayscale. The same with the Tesla, where Elon announced that if you buy a Tesla with bitcoins those bitcoins won't be spend or converted to fiat, so another way of taking out more coins from circulation. Unfortunately bitcoin failed in being a day life currency but it turned to be a "digital gold". This does not change the fact that Bitcoin is way more alive than ever before and it will live for quite long too.

Day traders may loose some money but the coin will continue with great success.

I believe on some, but not everyone will keep their words, are they really that transparent where they will show their wallet address for us to verify that they are holding, what if they are just hyping and eventually when they see the price pump, they'll just sell and take profit, and do the same method over and over.

[Ararbermas]

We are again seeing a bloody market, what is happening, do you know what's the reason behind this huge dump?

BTC -11%
ETH -12%
BNB -14%

Major coins are in red, the rest will follow, what could be next?

This is base on their 24hrs performance in market , but despite i still see green percentage wherein when it comes long run especially those coins you have mentioned above, . For me perhaps this is just a correction on its prices.. I see no other reason except to some hodler that making exit because of the situation of the market..

[Japinat]

We are again seeing a bloody market, what is happening, do you know what's the reason behind this huge dump?

BTC -11%
ETH -12%
BNB -14%

Major coins are in red, the rest will follow, what could be next?

This is base on their 24hrs performance in market , but despite i still see green percentage wherein when it comes long run especially those coins you have mentioned above, .

Actually it's already green now, the market have rebounded a bit but as long as bitcoin will not reach $60k yet, then I guess I will continue to think that soon there will be a bearish market.

For me perhaps this is just a correction on its prices.. I see no other reason except to some hodler that making exit because of the situation of the market..

A little correction maybe, beacuse if we are looking for real correction, it will turn this market in toa bearish one.

[michellee]

We are again seeing a bloody market, what is happening, do you know what's the reason behind this huge dump?

BTC -11%
ETH -12%
BNB -14%

Major coins are in red, the rest will follow, what could be next?

It is just another correction, and you should not worry because this is only temporary. The market will be back to the current situations, and all coins will increase back. It is good to buy more for the potential coins such as bitcoin, ethereum, bnb, and else so when the next uptrend is coming, and you can take profit by selling the coin at the next high price.

We can say that is because of the bad news that happens out there and some people panic. This correction can be the way for the major coins to lift the price to a higher price, but we should wait and see.

[javainn]

this cycle will usually be accompanied by a hard upturn for some time to come, this is a downward trend for the coin price. So I think that right now all the conditions for crypto coins have decreased significantly. a lot of speculation is out there about the news attributed to the crypto drop in recent days but all of them cannot be concluded if that was the cause. the most important thing now is to take advantage of this dump to store more assets

[Anonylz]

This type of post should not be, since we already know how the market operates, dip is an essential part of the market to ensure a healthy growth, no need to always freak out whenever the market is in dip, it always recover, even now it is on its way to recovery, patience is always the key.

[MrcMrc]

Late last week we saw the highest drastic drop in the daily bitcoin price, the price drops to $50k after reaching an all-time high of above $64k, before gradually picking up again, this drastic drop in bitcoin price is the highest since 2017.

There were reports that a power outage in China city Xinjiang which house many miners caused the market to crash. According to the Cambridge bitcoin energy consumption index, Xinjiang amount to one-quarter of the global energy consumption.

[Febo]

Late last week we saw the highest drastic drop in the daily bitcoin price, the price drops to $50k after reaching an all-time high of above $64k, before gradually picking up again, this drastic drop in bitcoin price is the highest since 2017.

$14k drop from $64 is 21% drop.  I am 100% sure there had been bigger drops in last 4 years. Several. I believe the biggest drop was when China country president corrected that he was talking about blobkhain and not Bitcoin when he said they will prosecute all that will call it a scam. This was about 2 years ago.  It happened in November 2019.

Oh, the biggest price drop was covid crash. It happened 11th March 2020. Bitcoin price went from $7951 to $4914. That is almost 50% crash. Price of Bitcoin almost halved in a single day.
That is same as if would go from $64 to $35-40k.

[Renampun]

We are again seeing a bloody market, what is happening, do you know what's the reason behind this huge dump?

BTC -11%
ETH -12%
BNB -14%

Major coins are in red, the rest will follow, what could be next?

I saw everything was back in green...
things like this have often happened and we will definitely continue to see it on crypto market, saturated markets are not eternal. what you should not miss is buying the 'dip'.

[Slow death]

likely these weak hands sell their crypto immediately.

funny that people keep talking about weak hands, but I think they are people who are making a profit, while someone buys and keeps holding forever there are people who buy low and sell high and go back to buying low and maximize their profits without get stuck to the ideology of making eternal hold


this price drop was already expected, after the pump comes dump

[South Park]

@cabron, that is a huge news, some investors maybe are putting their money on that as gold is more stable than BTC.
Nothing wrong with crypto market, it's just that some investors are not loyal, they come and go while continuesly looking for better opportunity.

As to bull run, we never know when it will stop but I guess we had enough already so it's possible that we are heading to a bear market.

This seems like the most likely option, while there are many people that believe in the technology there are many others that are here just for the money and as soon as the market is not performing great they leave and move on to the next big thing, it is not a bad idea if you are looking to make profits but it is not possible for a lot of people here so it is possible this is just the natural volatility of the market or maybe some whales decided to sell their coins because they wanted to cash out.

[tabas]

We are again seeing a bloody market, what is happening, do you know what's the reason behind this huge dump?

I saw on reddit that a hacker has sold a lot of bitcoins from the incident in the past but can't find the link of it. But there's another one that has posted about why there's a dip. Here's the link: https://www.reddit.com/r/Bitcoin/comments/mtcuwt/if_you_wondered_why_the_dip_heres_why/

With more FUD, it's easy to stop this bull run, probably they (whales) are doing that because they are already satisfied with what they have made so far.
price dip means they'll start from the start to accumulate and wait for another situation like this.

From what the news were telling, it's about the power outage that happened in China, particularly in its province which resulted to drop the hashrate for miners.

Major coins are in red, the rest will follow, what could be next?

Recovery.

Recovery or more dump.. we never know, as of now, prices are still down, we can't say it has recovered yet, but let's wait and see.

It has somehow recovered.

[Blitzboy]

Just a correction. I have bought a bunch of altcoins for the next bull run. Wish me luck.

Bitcoin has recovered to $56000 from the catastrophe (which people say). Well, to me, everything is very bright and the future of cryptocurrency is appropriate. It is a good time to accumulate cheap coin

[SyndicateLabs]

We are again seeing a bloody market, what is happening, do you know what's the reason behind this huge dump?

BTC -11%
ETH -12%
BNB -14%

Major coins are in red, the rest will follow, what could be next?

But do not be too afraid, people need to see the most general about this market when we have seen it grow for a long time and have not seen a deep decrease. And this has been planned beforehand, so there is no fear that the market will soon recover.

[lxiaoh]

Today is April 20, obviously is another dump day, BTC dump 5.69%   ,ETH-8.30%   ,BNB-9.51%   ,and the others most of them are dump surpass 10%. For the guy like me just buying EOS a few days ago,  i can't bear to look in my wallet.

[Pamadar]

We are again seeing a bloody market, what is happening, do you know what's the reason behind this huge dump?

BTC -11%
ETH -12%
BNB -14%

Major coins are in red, the rest will follow, what could be next?

Even though the market is bleeding and experiencing a downturn I see this as a discount opportunity for buying in bulk. especially the highest priced coins that have great potential could be an obvious choice, so this is a good thing

Seems like those who are wise enough to buy those cheap coins will benefits in the long run.

For now this dumped still showing and still hurting those who are still on hold, if you don't need your money better not to fall into this

downfall, you'll waste your money if you follow this trend just chill and wait for the bounce, if you have good amount of money you can buy more and enjoy after.