A Sudden Price Drop in The Crypto Markets

[secretgirl]

no one will ever know for sure what will happen next. but I wouldn't say the 2021 bullish period is over. Maybe now is an opportunity to buy and always believe that the market will definitely go up again. everyone certainly does not believe what is happening at this time, and I myself do not know exactly what is the cause of all this. But I still believe that the market will be bullish again.

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[mrquackquack]

Well guys sadly i think we might see a sub 40k again real soon

[wahyu wida]

no one will ever know for sure what will happen next. but I wouldn't say the 2021 bullish period is over. Maybe now is an opportunity to buy and always believe that the market will definitely go up again. everyone certainly does not believe what is happening at this time, and I myself do not know exactly what is the cause of all this. But I still believe that the market will be bullish again.

from 2018 we saw a bull market until 2021 and starting 2018 many people were frustrated because of the dump, will this year happen again? no one knows for sure the future movement, for sure we have to believe in ourselves, so that if the market is not according to our wishes we will not be too frustrated with the path we choose

[jaysabi]

Market has shake weak hands like Elon out of the system, now the market seem clean from bad energy for a healthy growth, the market was suffering from toxic energy which needs to be thrown out, soon market will gradually recover back to normalcy, even now we can already see some signs.

Lol, the price of bitcoin has nothing to do with Elon being in or out of bitcoin. The guy is the second richest person in the world; imagine thinking he has "weak hands" as if the price of bitcoin actually impacts his life at all.

[cheezcarls]

A sudden price drop in the crypto markets along with the deepening points loss in the dow jones point to a a slow and steady downward trend as of late. Is the bull run of 2021 over? Are these the marks of the beginning of something much worse to come? A major recession, a new crypto winter? What could possibly be next? Any comments and thoughts are more than welcome.

Although that there are some people who defended Elon Musk by any means necessary, I believe his statements played a huge part in manipulating the market and bringing the price down even further along with China’s latest crackdown. His value in BTC also wiped out worth billions! His absurd statement along with China’s news completely erased all-time high gains from the day he tweeted about buying $1.5 billion worth of BTC.

We are in the recovery stage, trading sideways between $39,000 to $41,000 per BTC. The second wave of Bitcoin’s bull run would actually begin when it breaks the $42,000 resistance level. Just my opinion.

[LUCKMCFLY]

A sudden price drop in the crypto markets along with the deepening points loss in the dow jones point to a a slow and steady downward trend as of late. Is the bull run of 2021 over? Are these the marks of the beginning of something much worse to come? A major recession, a new crypto winter? What could possibly be next? Any comments and thoughts are more than welcome.

The reasons that are speculated for why the market fell are many, but I think that both Elon Musk, as well as the huge FUD in China, the Binance problem has caused or added this effect, although in my personal opinion I do not think there has been lowered because of this, only a percentage I attribute it to Elon Musk, but the main reason I think was for those traders or investors who wanted to buy BTC, and the best way to buy BTC is cheap (at least that is what millionaires do) and that is why they entered "Short" to take advantage of the moment that was the ideal of panic on the part of weak hands, I think it has given some result if it was like that, but already the BTC is reacting and now it is recovering by more than 9 % ... I think the reason was merely speculative.

[Taskford]

In these massive selloffs do you guys think people sell at major losses?

Most provably majority yes since many cannot take the risk on losing more while the market is crashing but therr are other traders who execute their cut loss so that they can buy again on its cheapest rate and guess many are now earning since the price has pump up and maybe we can see more. So its a lesson need to learn by newbie traders since if they sell without doing anythinh tk retrieve their losses then they totally lose their initial capital.

[nrvasquez]

In these massive selloffs do you guys think people sell at major losses?

Most provably majority yes since many cannot take the risk on losing more while the market is crashing but therr are other traders who execute their cut loss so that they can buy again on its cheapest rate and guess many are now earning since the price has pump up and maybe we can see more. So its a lesson need to learn by newbie traders since if they sell without doing anythinh tk retrieve their losses then they totally lose their initial capital.

Yes, it can't be expected, because they don't have strong fundamentals. when the market crashes, there will be panic, instead of looking for a way out, they will immediately panic and sell it to minimize their losses, it has happened very often and is even normal among beginners

[hannahB4]

We experience this drop real quick because of the negative comment made about Bitcoin recently and this has given a bad toil on the coin. Nobody knows what is coming next but we know that all this won't last before people realized what is right.

[Lorence.xD]

We experience this drop real quick because of the negative comment made about Bitcoin recently and this has given a bad toil on the coin. Nobody knows what is coming next but we know that all this won't last before people realized what is right.

It's not the negative comments about bitcoin that made the prices dip, at the end of the day, those are just words. The reason for the drop is the prohibition of China of crypto services and Elon's suspension of bitcoin payment for Tesla cars and also add the panic sellers.

[mrquackquack]

Well the good news and bad news out of all of this is the probable obtainment of more mainstream markets. With that seemingly somewhat accurate observation, that in turn might be a postive thing hopefully in the long run of things for the financial markets as a whole.

[Coroline]

I feel bad about those idiots who dumped their coins yesterday at $34,000 per coin. The prices have gone up by 24% since then. This is a lesson to anyone. If you want to profit from Bitcoin, then you need to do two things - 1. avoid panic selling 2. hold your coins for the long term (>3 years). Those who are unable to do eithter of these two need to make their exit from Bitcoin market. In a way, I believe that these corrections are beneficial for the health of Bitcoin. They help us to get rid of the less serious investors.

I totally agree with your opinion, those idiots need to get away from the crypto world. On the other hand the market needs to stretch but the beginners don't realize this, all they think about is profit. The stupid thing that is happening right now is panic, as if everything has collapsed, FUD everywhere just adds to newbies to panic.

[Xinarae*]

Panic always puts people at risk those who see the market drop now will sell their currency. It is nothing but nonsense the reason for the market going down is that it will have to wait patiently for it to go up again newcomers are more at a disadvantage because they have less knowledge about the market the market will improve. I think if you keep investing this time if the price goes up and the market goes up the price will double and the traders will be profitable again.

[Cling18]

I don't think the bull market will be over because of the sudden price drop. Correction like this is necessary and part of crypto's volatility due to the effect of some events. I guess there will still be a big boom in the coming days because it's still early to end the bull market. There are still things that are yet to happen so we shouldn't panic about the price change.

[fullhdpixel]

no one will ever know for sure what will happen next. but I wouldn't say the 2021 bullish period is over. Maybe now is an opportunity to buy and always believe that the market will definitely go up again. everyone certainly does not believe what is happening at this time, and I myself do not know exactly what is the cause of all this. But I still believe that the market will be bullish again.

Yeah, while some people would say it's because of Elon and some will make other theories but I think the latest drop happened because mainly a whale must have dumped their coins. There was absolutely nothing that was happening in the market for a while and suddenly price going down and that too by so much must have surely been a whale dumping their coins.

I even saw Justin Sun, founder of Tron tweeting that he bought 4145 BTC for a grand total of $152,818,183 and there were others who also bought Bitcoins so I can only dream how big of a whale must be that cashed bitcoins so much that even with so many billionaires buying BTC with full force cannot still lift BTC back to the point where it was before the dump.

[Maasdamer]

no one will ever know for sure what will happen next. but I wouldn't say the 2021 bullish period is over. Maybe now is an opportunity to buy and always believe that the market will definitely go up again. everyone certainly does not believe what is happening at this time, and I myself do not know exactly what is the cause of all this. But I still believe that the market will be bullish again.

Yeah, while some people would say it's because of Elon and some will make other theories but I think the latest drop happened because mainly a whale must have dumped their coins. There was absolutely nothing that was happening in the market for a while and suddenly price going down and that too by so much must have surely been a whale dumping their coins.

I even saw Justin Sun, founder of Tron tweeting that he bought 4145 BTC for a grand total of $152,818,183 and there were others who also bought Bitcoins so I can only dream how big of a whale must be that cashed bitcoins so much that even with so many billionaires buying BTC with full force cannot still lift BTC back to the point where it was before the dump.

Nothing other than Elon was happening???
What about the China news? The crash from some days ago and the drop today was 100% the China wants to ban crypto services news, nothing else.

[Argoo]

no one will ever know for sure what will happen next. but I wouldn't say the 2021 bullish period is over. Maybe now is an opportunity to buy and always believe that the market will definitely go up again. everyone certainly does not believe what is happening at this time, and I myself do not know exactly what is the cause of all this. But I still believe that the market will be bullish again.

from 2018 we saw a bull market until 2021 and starting 2018 many people were frustrated because of the dump, will this year happen again? no one knows for sure the future movement, for sure we have to believe in ourselves, so that if the market is not according to our wishes we will not be too frustrated with the path we choose

It's only May now. In the summer, usually in the second half of it, business activity in all markets traditionally dies out. Therefore, if the market does not recover in the next month, then it has a period of summer time to consolidate the uptrend. The first half of this year was very good for the participants of this market, then I expect the next wave of price growth in the autumn-winter period anyway. Just by this time, several stages of the ethereum update will occur and this coin can serve as a catalyst for the next wave of price growth.

[Tahsin Kabir Kollol]

Over the past few months, cryptocurrency has been going to observe different oriented behaviors. Almost all types of cryptocurrencies, including Bitcoin, have surpassed all previous prices and are now on a downward trend. The current downward trend is somewhat influenced by the market as well as the attitude of prominent personalities towards cryptocurrency. Featured Elon Musk's Various Statements Opinions on Bitcoin and Cryptocurrency This has led to some mixed reactions from the public about cryptocurrency. It is hoped that Bitcoin will quickly overcome its effects and accelerate its upward trend again.

[fulcare]

no one will ever know for sure what will happen next. but I wouldn't say the 2021 bullish period is over. Maybe now is an opportunity to buy and always believe that the market will definitely go up again. everyone certainly does not believe what is happening at this time, and I myself do not know exactly what is the cause of all this. But I still believe that the market will be bullish again.

For long-term traders who have sufficient capital, this is an opportunity for them to be able to buy potential Bitcoin or Altcoins at a low price. It's not that the bulls in 2021 are over, because no one knows for sure that in the future the market price will go up or down, which is sure to have strong confidence in the coins we hold is the best way. So don't get carried away because there is a lot of panic by weak hands when there is a downward trend in market prices.

Hard to tell whether the bulls from two month ago are still the bulls from today. I am sure that some guys really took big time profit off the table and are now more observers than traders. I would like to see Binance's balance sheet and exactly check how much of their cryptocurrencies they now sold right into the bull run. I think they sold a lot.

[Ngemmeng]

no one will ever know for sure what will happen next. but I wouldn't say the 2021 bullish period is over. Maybe now is an opportunity to buy and always believe that the market will definitely go up again. everyone certainly does not believe what is happening at this time, and I myself do not know exactly what is the cause of all this. But I still believe that the market will be bullish again.

For long-term traders who have sufficient capital, this is an opportunity for them to be able to buy potential Bitcoin or Altcoins at a low price. It's not that the bulls in 2021 are over, because no one knows for sure that in the future the market price will go up or down, which is sure to have strong confidence in the coins we hold is the best way. So don't get carried away because there is a lot of panic by weak hands when there is a downward trend in market prices.

bull market is over, now the question is to what extent will bitcoin price go down. in 2017 after the tremendous price increase bitcoin lost in price by up to 50%. will this happen again this year? I will wait for this