any opinions about the recent btc price crash?

[Kong Hey Pakboy]

My opinion with the recent crash, I think that it is a good opportunity to buy some bitcoin at a lower price and don't be discouraged by a lot of FUDs that says the crash is the end of bitcoin, remember that as long as users are trading bitcoin, it won't die. Bitcoin's lifeblood is the users that participate in its economy.

[TheUltraElite]

don't be discouraged by a lot of FUDs that says the crash is the end of bitcoin,

Have been hearing that "world ends" type for bitcoin thing for several years now. Dont know what makes people listen to that anyway.

No-coiners are there often trying to demean the value of bitcoin and make it seem that it is not worth putting money in. So they tend to focus on the negatives more and consider every crash to be the last only to be debunked again. I believe their knowledge of how speculative assets like in stock market as well, is lacking. Any veteran trader on wall street also know that markets once crashed will rise back up again, all part of a cycle.

you can also convert it to alternative coin then trade it so that your funds would be efficient and would gain you more profit comapre to holding bitcoin your fund would be sluggish .

Fellow user, this is where some of you go wrong and will end up losing more. Altcoins are a type of a distraction to bitcoin traders. If you are going to make money, you have to brush away these distractions. Going into altcoins the possibility of profit at a low risk is greatly converted to a high risk. But if that is fine with your then by all means do so.

[mamahdedeh]

My opinion with the recent crash, I think that it is a good opportunity to buy some bitcoin at a lower price and don't be discouraged by a lot of FUDs that says the crash is the end of bitcoin, remember that as long as users are trading bitcoin, it won't die. Bitcoin's lifeblood is the users that participate in its economy.

yesterday's crash lasted only a short time, perhaps because Tesla sold bitcoins on a large scale, which resulted in them making huge profits. but after that the price went back up until now which tends to be more stable. but for me personally who only have limited capital, I have to be careful when buying bitcoin at this time, because for me the price is already high

[Ararbermas]

Hey,

What is your opinion on the bitcoin price crash? I am trading with the Bill Williams trading system and all looks good on the weekly time frame, and on monthly its like nothing happened! what do you think guys and what indicators do you use?

cheers

  that crash is due to some correction in the market and small dump of some holder in my view wherein perhaps it cannot cause something scary situation afterwards in my opinion ... And when it comes indicators i actually use the basics tools when it comes trading such RSI, bbw, bb. Since still accurate to use when making prediction of the situation of the bitcoin.

[kotajikikox]

Hey,

What is your opinion on the bitcoin price crash? I am trading with the Bill Williams trading system and all looks good on the weekly time frame, and on monthly its like nothing happened! what do you think guys and what indicators do you use?

cheers

Don't you wanted to ask now what is the reason why Bitcoin is now Climbing? because you have already asked the opposite in the last week of April and now that we are in May ? we are now growing up and up.

at 57,000$ and above now? do you think that we will be taking the 60,000 again and we will be making our next All Time High?

[MIner1448]

I think its price was mainly influenced by the negative news background from cryptocurrency experts. Also, the price collapse occurred not without the participation of whales, they also directly affect its price, I would even say most of its fall, I think this is their merit.

[Iceblast]

Hey,

What is your opinion on the bitcoin price crash? I am trading with the Bill Williams trading system and all looks good on the weekly time frame, and on monthly its like nothing happened! what do you think guys and what indicators do you use?

cheers

I don't have any indicators I only see market conditions if the decline in bitcoin is just a pure correction.  look at the current market conditions, the price of bitcoin has increased dramatically and you need to see this is purely a bitcoin movement, there is a pump and dump

[velive08]

Today i see that some negative news is come on market regarding Crypto currency.  And many experts said that this news is the best reason for bitcoin dumping and for this Bitcoin all crypto market has crashed. But market will recover as soon as possible.         

Sometimes negative news is what makes bitcoin fall even more and the news is like a temporary time-destroying bomb for bitcoin. but I am still optimistic when bitcoin has decreased, my opinion is still the same, which is only temporary and the price of bitcoin will return to increase after correction,

[CryptopreneurBrainboss]

Well the dip is pretty normal but of course there are reasons behind it. At fridays usually Future contract ends so it may have impact on it. Also Turkey banning crypto and closing one of their biggest exchanges for sure influenced the price.

Thought as much and it's quite time we stopped crying about every dip that the market experiences. The cryptocurency market is known for her volatility so it's kind of funny when the community cried at every dip it take also knowing the market is likely to recovery in the shortest time possible. The dips are needed for a continuous growth if the market.

Without this corrections, there won't be room for new supports to be created and avenue for new investors to come into the market. You just have to seized the opportunity when they present itself and refill your bags. The dips brings another opportunity to buy low don't chicken away just because you're thinking its a dump.

[slaman29]

Thought as much and it's quite time we stopped crying about every dip that the market experiences. The cryptocurency market is known for her volatility so it's kind of funny when the community cried at every dip it take also knowing the market is likely to recovery in the shortest time possible. The dips are needed for a continuous growth if the market.

Without this corrections, there won't be room for new supports to be created and avenue for new investors to come into the market. You just have to seized the opportunity when they present itself and refill your bags. The dips brings another opportunity to buy low don't chicken away just because you're thinking its a dump.

You'll also notice those that cry the loudest in a dip/correction/crash are also those that cheer the loudest when there's a spike or pump.

Crypto's lovely because it's so exciting and turbulent but if you can't learn to love the crash as much as the rally, then it's really not the industry for you, yet people just keep on coming on the train and getting disappointed when the fun part ends:)

[bitgolden]

Crypto's lovely because it's so exciting and turbulent but if you can't learn to love the crash as much as the rally, then it's really not the industry for you, yet people just keep on coming on the train and getting disappointed when the fun part ends:)

Yeah, it is all about your patience and belief on the future of bitcoins; people who never finds time to learn about the future of bitcoins, will definitely leave this space with big disappoints only. At the same time, people who are believing into making themselves competitive will definitely go making use of all volatility of bitcoin markets in both directions. I am the one joined bitcoins for simple reasons of faucets but now adopting it with all my life's saving because God's grace I found time to learn about the potential of bitcoins.

We are regularly seeing that people are always suggesting to make use of dips but whenever there is a dump in bitcoin markets, we do see only negative thoughts only. Rarely people do learn from others experiences.

[slaman29]

Crypto's lovely because it's so exciting and turbulent but if you can't learn to love the crash as much as the rally, then it's really not the industry for you, yet people just keep on coming on the train and getting disappointed when the fun part ends:)

Yeah, it is all about your patience and belief on the future of bitcoins; people who never finds time to learn about the future of bitcoins, will definitely leave this space with big disappoints only. At the same time, people who are believing into making themselves competitive will definitely go making use of all volatility of bitcoin markets in both directions. I am the one joined bitcoins for simple reasons of faucets but now adopting it with all my life's saving because God's grace I found time to learn about the potential of bitcoins.

We are regularly seeing that people are always suggesting to make use of dips but whenever there is a dump in bitcoin markets, we do see only negative thoughts only. Rarely people do learn from others experiences.

It's pretty amazing to think that most of us here have lived through at least one other cycle before and many more have seen even 2014 cycle and yet the lessons are still so hard to grasp for the veterans. Getting disapppointed once, okay fine, it's a lesson we all had to learn and go through on our own.

But getting disappointed again and again? I don't get it:)

[wxa7115]

Hey,

What is your opinion on the bitcoin price crash? I am trading with the Bill Williams trading system and all looks good on the weekly time frame, and on monthly its like nothing happened! what do you think guys and what indicators do you use?

cheers

There are many things going on your favor, you are one of the first newbies that I see that is actually following a strategy and not just trading with their emotions and whatever feels right, and because of this you are seeing that despite the crash that we saw there is nothing to worry about, congratulations, you are on the right path and you will eventually make profits if you can keep it up.

Now about your question, what we saw was just a correction, it was an important one but that is the kind of thing we see in this market from time to time and I am not worried, and even if this eventually means that we see a crash I will see this as an opportunity to buy bitcoin one last time for a cheap price before a new bull run.

[Golftech]

Crypto's lovely because it's so exciting and turbulent but if you can't learn to love the crash as much as the rally, then it's really not the industry for you, yet people just keep on coming on the train and getting disappointed when the fun part ends:)

Yeah, it is all about your patience and belief on the future of bitcoins; people who never finds time to learn about the future of bitcoins, will definitely leave this space with big disappoints only. At the same time, people who are believing into making themselves competitive will definitely go making use of all volatility of bitcoin markets in both directions. I am the one joined bitcoins for simple reasons of faucets but now adopting it with all my life's saving because God's grace I found time to learn about the potential of bitcoins.

We are regularly seeing that people are always suggesting to make use of dips but whenever there is a dump in bitcoin markets, we do see only negative thoughts only. Rarely people do learn from others experiences.

It's pretty amazing to think that most of us here have lived through at least one other cycle before and many more have seen even 2014 cycle and yet the lessons are still so hard to grasp for the veterans. Getting disapppointed once, okay fine, it's a lesson we all had to learn and go through on our own.

But getting disappointed again and again? I don't get it:)

Instead of being pissed better to continue moving forward, it's unavoidable to experienced mistakes while

working inside this market, not even veterans or those experienced traders can say that they continue to

make money without losing in some point, best practice is always to assess your system, keep adjusting

to prevent regretting from yoru last attempts.

[beerlover]

what we saw was just a correction, it was an important one but that is the kind of thing we see in this market from time to time and I am not worried, and even if this eventually means that we see a crash I will see this as an opportunity to buy bitcoin one last time for a cheap price before a new bull run.

Yes, people here must need to understand how the crypto market is trading among corrections and recovery phases; today we are seeing market is getting back to recent high which must be the enough reason why we should not bother about any short-term correction because market will not continuously rising up so we must give it to time to get power through corrections (corrections are sometimes termed as power gaining phase of market).

When market is not powerful enough to break support or resistance then it will have small correction and then will recover to break that support or resistance.

[tbterryboy]

What is your opinion on the bitcoin price crash? I am trading with the Bill Williams trading system and all looks good on the weekly time frame, and on monthly its like nothing happened! what do you think guys and what indicators do you use?

It doesn’t really look like it’s good on the weekly chart now, the price kept crashing  a lot of times and even the daily chart isn’t looking good as much as I have expected. As of around April we all believed that the drop had to do with the blackout in some part of China, and then there are also others things we believed contributed to that.

I guess the effect is what we are still seeing at this time, or maybe this is just going to be the normal up and down. The majority of the coins in the market has been the same way, they are all going down in price . There can still be an upturn anytime, so let’s hope for that.

[wxa7115]

what we saw was just a correction, it was an important one but that is the kind of thing we see in this market from time to time and I am not worried, and even if this eventually means that we see a crash I will see this as an opportunity to buy bitcoin one last time for a cheap price before a new bull run.

Yes, people here must need to understand how the crypto market is trading among corrections and recovery phases; today we are seeing market is getting back to recent high which must be the enough reason why we should not bother about any short-term correction because market will not continuously rising up so we must give it to time to get power through corrections (corrections are sometimes termed as power gaining phase of market).

When market is not powerful enough to break support or resistance then it will have small correction and then will recover to break that support or resistance.

That is the way this market should be understood but newbies come here with completely unrealistic expectations which are the main cause for their losses, after all it seems they think they can invest in bitcoin and then become millionaires a few weeks later and while it is possible and it has happened in the past this is not something that can be replicated.

The best strategy for newbies will be to come to the market and buy bitcoin when it is relatively stable, which is what we are seeing right now, and then wait for the market to begin to grow up, but most of the time they do the opposite with the majority of the newbies being right now invested in altcoins thinking they can obtain more profits that way, and while that has been true during the last months there is no doubt in my mind that a crash on the altcoin market is coming and you do not want to have your money invested there when that happens.

[carlisle1]

what we saw was just a correction, it was an important one but that is the kind of thing we see in this market from time to time and I am not worried, and even if this eventually means that we see a crash I will see this as an opportunity to buy bitcoin one last time for a cheap price before a new bull run.

Yes, people here must need to understand how the crypto market is trading among corrections and recovery phases; today we are seeing market is getting back to recent high which must be the enough reason why we should not bother about any short-term correction because market will not continuously rising up so we must give it to time to get power through corrections (corrections are sometimes termed as power gaining phase of market).

When market is not powerful enough to break support or resistance then it will have small correction and then will recover to break that support or resistance.

That is the way this market should be understood but newbies come here with completely unrealistic expectations which are the main cause for their losses, after all it seems they think they can invest in bitcoin and then become millionaires a few weeks later and while it is possible and it has happened in the past this is not something that can be replicated.

The best strategy for newbies will be to come to the market and buy bitcoin when it is relatively stable, which is what we are seeing right now, and then wait for the market to begin to grow up, but most of the time they do the opposite with the majority of the newbies being right now invested in altcoins thinking they can obtain more profits that way, and while that has been true during the last months there is no doubt in my mind that a crash on the altcoin market is coming and you do not want to have your money invested there when that happens.

Without proper knowledge, the risk is too high for all those newbies that have a mindset that this venue of investment is a quick passage way to richness.

With such mentalities any corrections that may happened will be a sign of having lots of panics and money that has been invested will surely gone.

They needed to realize that trading is for those who are willing to work more harder to succeed, not by luck but by knowledge upon them.

[tygeade]

Without proper knowledge, the risk is too high for all those newbies that have a mindset that this venue of investment is a quick passage way to richness.

With such mentalities any corrections that may happened will be a sign of having lots of panics and money that has been invested will surely gone.

After every correction of bitcoin markets, I am seeing some people are crying out like this. I mean these people are never ready to learn from others' mistakes but they will keep on committing old mistakes again and again. I'm not sure when those new people of trading start their real trading only after gathering enough knowledge and experiences. Because, only that will prevent people suffering from usual market corrections.

When traders are not able to survive against usual market fluctuations then I believe they are not at all suitable for crypto trading. Instead of struggling, I believe they must quit.

[TheUltraElite]

When traders are not able to survive against usual market fluctuations then I believe they are not at all suitable for crypto trading. Instead of struggling, I believe they must quit.

If they are struggling, they are not doing it right. A person who sells at the wrong time or buys at the top is going to struggle with losses. That is not how trading is done but most newbies will make this mistake.

The price of BTC dropped heavily yesterday to 42k USD and today has recovered back to 45k USD. This should be a sign that people bought at the low and therefore support is being developed. But if follow a celeb who is pumping and dumping the market you will get washed out. Never should a trade follow the opinion of others to trade but develop their own methods and analysis because after all, the analysts get paid to say the obvious on news sites but a trader has to depend on the analysis for their profit.