any opinions about the recent btc price crash?

[CryptopreneurBrainboss]

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:)

Sure I do and it's obvious the cause of this, the bull market brings in new gamblers and also greedy, fast money seekers. These set of investors are those that cry when the market is dumping why, because they were only in for the money and thought they could get in and out without experiencing any loss.

Most of them took out loans just to invest basing their judgement and prediction on what the so called influencers (cryptocurency experts) have predicted all over the media most especially social media and how stories has come out of investors making thousands of dollars in the shortest time possible.

They lack the experience and that's what's is killing them also they don't have the interest of wanting to learn the ways of the industry instead just chasing the money and majority end up regretting (losses).

[btc78]

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 a completely correction , some investors and holders had just taken their profit so the price will surely move.

But the next one in which happening now is a generated dump lead by Elon Lusk and His troop to prove the crypto noon about their power over the market in which not true.

It's just happen that there are many fool holder that follows whatever this man says and end up shaking the market badly.

[ven7net]

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 do not use indicators in cryptocurrency trading, however, I believe that the fall in the price of BTC was due to at least two factors. The first factor is the opportunity for large players to get BTC at a low price from people with weak hands, from those who could not stand the fall and sold their BTC. The second factor suggests that in order for the BTC price to reach its maximum value this year, it is necessary to periodically lower, thereby creating a sideways movement. This is necessary in order to drag out the time until the end of the year, where the main phase of growth is likely to be. In simple words, it is too early for the BTC price to go up strongly, which means there should be another correction.

[Alert31]

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 think negative news has a huge effect regarding this bitcoin price dropped. Many bitcoin holders sell their bitcoin for profit and the demand is not huge enough to maintain the higher value of bitcoin. But I believe it will not last long because whales are waiting to buy in a dip.

[taufik123]

I think negative news has a huge effect regarding this bitcoin price dropped. Many bitcoin holders sell their bitcoin for profit and the demand is not huge enough to maintain the higher value of bitcoin. But I believe it will not last long because whales are waiting to buy in a dip.

Negative news or FUD did have an important role in the fall of bitcoin prices. However, the FUD that is reported must be published in the big media or shared by accounts that do have a lot of followers and are influential, such as Elon Musk, who recently gave controversial tweets that made bitcoin prices crash.

The fall in bitcoin prices indicates the bitcoin market is getting saturated and it is time to go down. Having spare capital would be very good to buy at a cheap price.

[sana54210]

I do not use indicators in cryptocurrency trading, however, I believe that the fall in the price of BTC was due to at least two factors. The first factor is the opportunity for large players to get BTC at a low price from people with weak hands, from those who could not stand the fall and sold their BTC. The second factor suggests that in order for the BTC price to reach its maximum value this year, it is necessary to periodically lower, thereby creating a sideways movement. This is necessary in order to drag out the time until the end of the year, where the main phase of growth is likely to be. In simple words, it is too early for the BTC price to go up strongly, which means there should be another correction.

I do not use indicators neither because those are only viable on calm days, sure if there is no huge movement then the indicators could be worth something but no indicator could predict Elon Musk tweeting and dropping the price or increasing the price, so I find it useless to check on indicators.

I know some people see that as ignorance and I had a friend who mocked "what if a meteor falls to earth!!!" like tweet is not something we should consider when trading, but as we have seen for the past 6 months I was right about tweets shaping the prices. However one more thing is at play here, the reality is that we are doing fine even with those bad tweets, and those large players you talked about are still very much interested in bitcoin, they are really doing something special with that much money going into bitcoin, it is slowing down a lot but they are still there.

[wahyu wida]

I think negative news has a huge effect regarding this bitcoin price dropped. Many bitcoin holders sell their bitcoin for profit and the demand is not huge enough to maintain the higher value of bitcoin. But I believe it will not last long because whales are waiting to buy in a dip.

Negative news or FUD did have an important role in the fall of bitcoin prices. However, the FUD that is reported must be published in the big media or shared by accounts that do have a lot of followers and are influential, such as Elon Musk, who recently gave controversial tweets that made bitcoin prices crash.

The fall in bitcoin prices indicates the bitcoin market is getting saturated and it is time to go down. Having spare capital would be very good to buy at a cheap price.

We know cryptocurrency seems to be vulnerable to news from influential people, after Ellon declared his departure from bitcoin, a slow reversal occurred and until now the price has tended to fall 30% in the last 7 days. it is possible that this will be used by other parties to plan purchases

[imstillthebest]

What is your opinion on the bitcoin price crash?

as a hodler of btc the btc crash is heart breaking to me but this was more of an expression and i dont carry it too deep because i understand that this is one of the consequence for hodling a btc .

 

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?

why wont you add another system .
a system that can work in monthly because you already have for weekly but how about daily ? didnt you love daily trade .
 im currently using a system specialized for daily

[carlisle1]

I think negative news has a huge effect regarding this bitcoin price dropped. Many bitcoin holders sell their bitcoin for profit and the demand is not huge enough to maintain the higher value of bitcoin. But I believe it will not last long because whales are waiting to buy in a dip.

Negative news or FUD did have an important role in the fall of bitcoin prices. However, the FUD that is reported must be published in the big media or shared by accounts that do have a lot of followers and are influential, such as Elon Musk, who recently gave controversial tweets that made bitcoin prices crash.

The fall in bitcoin prices indicates the bitcoin market is getting saturated and it is time to go down. Having spare capital would be very good to buy at a cheap price.

We know cryptocurrency seems to be vulnerable to news from influential people, after Ellon declared his departure from bitcoin, a slow reversal occurred and until now the price has tended to fall 30% in the last 7 days. it is possible that this will be used by other parties to plan purchases

It can go to that direction but also possible that it won't be taken by new big investors thinking that this business is just easy to manipulate.

Most of those institutional investors aimed to go for long term and they don't want to see falling market in an easy way, possibilities that they'll going to investigate and assess more before participating to this kind of industry will be their first moves.

[zanezane]

I think negative news has a huge effect regarding this bitcoin price dropped. Many bitcoin holders sell their bitcoin for profit and the demand is not huge enough to maintain the higher value of bitcoin. But I believe it will not last long because whales are waiting to buy in a dip.

It's not just the negative news but also the current decisions of different entities that contribute to the increase in the prices, Tesla suspending the payment of bitcoin for their cars and China banning crypto altogether are just one of the most notable decisions that are causing the prices to go down.

[Kelvinid]

I think negative news has a huge effect regarding this bitcoin price dropped. Many bitcoin holders sell their bitcoin for profit and the demand is not huge enough to maintain the higher value of bitcoin. But I believe it will not last long because whales are waiting to buy in a dip.

It's not just the negative news but also the current decisions of different entities that contribute to the increase in the prices, Tesla suspending the payment of bitcoin for their cars and China banning crypto altogether are just one of the most notable decisions that are causing the prices to go down.

Maybe we could say that it really has a devastating effect on the market but I never think this having a long-term effect on the market. Tesla suspends BTC payment, China is also banning crypto but there still a lot of business entities and countries supporting crypto which could help the market to recover shortly.
I'm looking forward to seeing the price of Bitcoin will not able to drop below $30k.

[ningrum]

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

the indicator I use is only the RSI indicator, if you look at the RSI indicator on a weekly basis, the Bitcoin price is above or overbought,
of course it indicates that the Bitcoin price is too expensive, this is before the dump, and see what happens, the Bitcoin price dumps 30% in just a few days,
make sure you always check the market and its conditions, because reading indicators is very important mate

[batang_bitcoin]

I think negative news has a huge effect regarding this bitcoin price dropped. Many bitcoin holders sell their bitcoin for profit and the demand is not huge enough to maintain the higher value of bitcoin. But I believe it will not last long because whales are waiting to buy in a dip.

It's not just the negative news but also the current decisions of different entities that contribute to the increase in the prices, Tesla suspending the payment of bitcoin for their cars and China banning crypto altogether are just one of the most notable decisions that are causing the prices to go down.

The China ban is probably just another propaganda and FUD to send the market down. We've been hearing that a long time ago and yet the world still shocked when this news has came out. These negative news affected the price and hit it big. IIRC, when it was on 2018-2019, those news positive or negative don't matter a lot. But because we're in a bull run, it has really affected it and that's why a lot have sold but there's sure thing on this. Many whales have sold at profit.

[harapan]

The China ban is probably just another propaganda and FUD to send the market down. We've been hearing that a long time ago and yet the world still shocked when this news has came out. These negative news affected the price and hit it big. IIRC, when it was on 2018-2019, those news positive or negative don't matter a lot. But because we're in a bull run, it has really affected it and that's why a lot have sold but there's sure thing on this. Many whales have sold at profit.

It is not the first time that China fud has been shared and it caused dump in the past. The fact that it caused another dump this year means that a lot 9f the new crypto users and investors panicked immediately they saw that news from Reuters about the new ban. I don't know why China fud always get to us and crash the market. My guess is that in the first few hours, it sparked the first selling pressure and then others joined in the dumping parade.

[wxa7115]

That crash is a completely correction , some investors and holders had just taken their profit so the price will surely move.

But the next one in which happening now is a generated dump lead by Elon Lusk and His troop to prove the crypto noon about their power over the market in which not true.

It's just happen that there are many fool holder that follows whatever this man says and end up shaking the market badly.

I doubt that what we are seeing has anything to do with investors taking profits, this has to do with retail investors investing too much on the market and panicking, then this created a reaction among traders that sold their coins reducing the price even further.

Then we got people going long with a very high leverage getting their trades closed introducing more coins to the market while reducing the demand creating a crash in the process, to me that is the most likely scenario I can picture as it does not make a lot of sense for long term investors to take profits now when what they are most likely doing is buying bitcoin at a discount at the moment.

[DarkDays]

I think negative news has a huge effect regarding this bitcoin price dropped. Many bitcoin holders sell their bitcoin for profit and the demand is not huge enough to maintain the higher value of bitcoin. But I believe it will not last long because whales are waiting to buy in a dip.

Negative news or FUD did have an important role in the fall of bitcoin prices. However, the FUD that is reported must be published in the big media or shared by accounts that do have a lot of followers and are influential, such as Elon Musk, who recently gave controversial tweets that made bitcoin prices crash.

The fall in bitcoin prices indicates the bitcoin market is getting saturated and it is time to go down. Having spare capital would be very good to buy at a cheap price.

It is all a cycle. BTC might be low now but it could also keep on going up, the issue is that we and nobody can predict what the market is going to do. This is why risk takers are sometimes rewarded big.

To put this in perspective yesterday BTC price fell to 30K now is hovering close to 40K - easy win for somebody with a high risk-appetite. It is the way things are, you're either in the game or not, and if you're in you can lose or win. It is all about timing and knowledge.

[batang_bitcoin]

The China ban is probably just another propaganda and FUD to send the market down. We've been hearing that a long time ago and yet the world still shocked when this news has came out. These negative news affected the price and hit it big. IIRC, when it was on 2018-2019, those news positive or negative don't matter a lot. But because we're in a bull run, it has really affected it and that's why a lot have sold but there's sure thing on this. Many whales have sold at profit.

It is not the first time that China fud has been shared and it caused dump in the past. The fact that it caused another dump this year means that a lot 9f the new crypto users and investors panicked immediately they saw that news from Reuters about the new ban. I don't know why China fud always get to us and crash the market. My guess is that in the first few hours, it sparked the first selling pressure and then others joined in the dumping parade.

Yes, it's not the first time. And also it's just another fud that whoever was behind it wants to see the market below again so they can inject their plan of buying the dip. Usually this is the move of the whales, they're the ones who do this if they've missed buying the dip and that's why some news really affect the market while it's going to a natural process of growing and going through a correction. There's a selling pressure that has been done and those who have sold have taken their profit and again buys the dip.

[taufik123]

Of course there will be an important role behind the current drop in the price of Bitcoin, there are already mature plans that will be carried out by the institutions, they will take the opportunity to make purchases when the price reaches its lowest point.  but after that the price will bounce back up, believe that the big correction that has occurred there is an important role behind it all

Big players like institutions and some whales have already left the market with their profits. Psar is already saturated and overbought. The decline in bitcoin prices this time was very drastic and was accompanied by many FUDs in circulation.

This is indeed a good opportunity for institutions and whales to get into bitcoin again, but it's still waiting for the right time and then bitcoin bounces up again.

FUD and some speculation about bitcoin have been arranged in such a way, whales are in full control of bitcoin price.

[LUCKMCFLY]

The recent fall in BTC I think had a lot to do with the "Elon Musk" effect, something had to do with it, but in addition to this, what I am most inclined to do is that the market fell due to simple speculative action, that is to say For those traders or investors who wanted to buy BTC, the best way is to buy cheap, and taking advantage of Elon Musk's FUD, it was easy for them to go "Short" en masse to get BTC out of weak hands.

And it makes sense, the price of BTC has already had a recovery of more than 9% today, of course it cannot be said that everything has already happened and that it will already reach $ 60k and it will generate new ATH, I think the more they continue to take bid levels between $ 40k - $ 50k this will be fun for those who bought in the dip, they may want to keep buying.

[TelolettOm]

The issue of China baned crypto is not new. Likewise in 2017 when China made the same statement as today regarding crypto. I think this sentiment has often been carried out by institutions. but the impact of the decline in the current period if I observe it is not as severe as it was then. people tend to be more confident and optimistic about staying in the long run. they are not prone to negative issues