A Sudden Price Drop in The Crypto Markets

[mrquackquack]

Well guys i wouldn't say we're in a crypto winter more like a crypto Fall.. Anybody, Anybody!?!?

[ropyu1978]

The sudden drop in prices in the crypto market is giving all of us a headache ... maybe this is the effect of twet elon musk and Tesla
but I firmly believe that after the red will come out green ''
maybe it's just a matter of time, we need to be patient and continue to be patient ...

[AicecreaME]

I think there's no need to worry about the sudden price drop. This is just normal, we all know that one of cryptocurrency's nature is volatility. It's just a phase for now, tomorrow or the next few days, surely the prices will recover and bounce back. It's too early for bearish market. No need to panic, mate. I suggest that instead of worrying without factual information, do a background check and compare the past records of market movement so that you'll know what to respond if ever any unexpected circumstance arise.

[DrBeer]

Events in the last 5 hours
1. Reuters published a misleading article about the crypto ban in China
2. The process of mass retweeting of this news has begun.
3. The market fell on fake "news"

[mrquackquack]

As of now Bitcoin is around 38-39k usd do you guys think its about to rebound or fall even further?

[el kaka22]

Eventually this had to happen. I mean we have been going up for so long and I did expected it to go up a bit more before it dropped, I was expecting 100k to be reached because we got so close, but apparently other people had other ideas. It is fine really, I am sure it will bounce back one day, I do not suggest selling and getting out right now if you do not need the money right away.

The smartest decision right now is to wait for it to go back up, even if you bought at 64k, if you can afford to wait (which you should, if you joined with money you need you made a mistake from start) eventually it will go up. Maybe it will take a month, maybe a year, maybe a few more years but eventually one day it will reach above 64k once again and I am sure of that. Which is why I believe this is going to be the period where "loss" and "potential profit" will show the differences.

[Alert31]

Bitcoin is now more than 10 years of existence and due to a volatility we already know about the sudden price drop in the crypto market because it has happened so many times. Actually many people will take this dump as an opportunity to buy because of this dump we can earn profit. But not all are happy specially those who are newbie in crypto space and doesn't know about the movement of the market, they will panic selling while the whales are waiting.

[mrquackquack]

Bitcoin is pushing the 35-36k borders if it gets lower than 35,000 is it likely to further drop to around 30,000?

[Sithara007]

no need to worry - i sold my assests today so i am sure everything will go up from now on 

No surprise there. Given your rank, I was expecting something like that. Whenever a dump occurs, it is the inexperienced users who first rush to sell their coins at rock bottom prices. And the whales and the institutions use this opportunity to accumulate more coins. It has been posted manytimes not to fall in to the trap of panic selling, but hardly anyone listens. The prices seems to have plateaued out and those who sold their coins now are going to regret about their decision later, when the next rally takes BTC above the 100K level. 

[newwest]

no need to worry - i sold my assests today so i am sure everything will go up from now on 

This could be a bad decision unless you have started to buy again, as prices have now started to pull back and close to 40k now. So slowly it has started to recover and if you not buying and suddenly prices again jump quickly then you end up having nothing or will buy at higher price later on. It always the buy time in the falling markets.

[iv4n]

no need to worry - i sold my assests today so i am sure everything will go up from now on 

This could be a bad decision unless you have started to buy again, as prices have now started to pull back and close to 40k now. So slowly it has started to recover and if you not buying and suddenly prices again jump quickly then you end up having nothing or will buy at higher price later on. It always the buy time in the falling markets.

You didn't get the point here... call it bad luck, or a bad day, sometimes the market just fucks with us, and does the opposite from our plans! After buying the price drops, or after selling it rises... it's something that happens to all of us from time to time! And I guess to some people that happens often! So this comment is actually very funny!

Interesting year for all of us! It was hard to not cash out at some tops, and take the profits! I believe many expected some bigger drop, and it finally happened! And maybe at the beginning of this bull run was similar to the one in 2017, I think this was totally different! So it will be very interesting to see new bottoms, or maybe this now is the bottom?!

[Pamadar]

Bitcoin is now more than 10 years of existence and due to a volatility we already know about the sudden price drop in the crypto market because it has happened so many times.

Experienced traders understand everything inside this market, the season for bull and season for bear,
take profits when bull start to pumped up, and collecting time when bear start to dominates.

Actually many people will take this dump as an opportunity to buy because of this dump we can earn profit.

More on those people who believes that after this downfall the rise will bounce back and it will be
more stronger than before.

But not all are happy specially those who are newbie in crypto space and doesn't know about the movement of the market, they will panic selling while the whales are waiting.

Newbies will earned experienced and they will got use to it, if they proceed they'll managed to understand
the flow and begin their journey to this industry.

[Argoo]

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 fall in prices in the cryptocurrency market will always be sudden, no matter how many people warn about it. Cryptocurrency has been growing in price for six months, many of its types have grown in price hundreds of times. A correction and a fall was obvious and inevitable.
The question now is how deep this fall will be and how quickly the market will recover. So far, I do not see any forecasts in this regard. Today we saw the first ray of hope. In the morning I saw the price of bitcoin $ 38,172, after a few hours its price rose to $ 39,595, and now it is $ 40,035. Is this a temporary spike in price or have we already passed the bottom of the fall?

[Mauser]

Bitcoin is pushing the 35-36k borders if it gets lower than 35,000 is it likely to further drop to around 30,000?

Probably yes, but the downfall seems to have stopped for now. At the moment bitcoin is back above 40,000 so there are definitely still buyers in the market. I was really afraid that we would just see a complete sell off back to 20,000 levels. Personally,I am holding my coins but what does one small investor matter. If we go below 30,000 I think it would be a good idea to start buying again.

[perfect999]

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.

First of all bull and bear runs in crypto are not seasonal, I mean they can come and change anytime. You might see a bull inside a bear run and vice versa. I am least concerned with the drop in the prices of Bitcoins because it just makes the market more stable. Having a solid 45k is better than having a hollow and hyped 55k.

You can understand it by the Doge example. As a long-term investor would you like to see where dogecoin is now or you would like to see a natural growth and doge sitting at 10 cents (although there's no room for natural growth in Doge). Right now, the price is just hyped and everyone knows it. Bitcoin is going to become rarer in future so no reason to panic or even.

[Bitstar_coin]

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.

[Vishnu.Reang]

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.

[carlisle1]

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.

Setting your target and stay with it whatever happened around the market gives you the advantage,
those who panicked and rush to sell their coins are now regretting.

Not knowing that fuds really hit them and makes them to decide unknowingly, now that the market is again moving upwards those wise who continue to buy more coins while the price is cheap are already getting even with those old assets that they've hold before this huge fall happened.

They can sell it out and wait again or add it up with their holdings for much higher profits once the strong bull pumped back.

[Taskford]

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.

Panic is everywhere yesterday and I can't blame them to react like that since heavy fear happens on the market since there are so many fuds scattered everywhere, but as always happen to bitcoin after the dump the pump follows so its a lesson for paper hands people to not panic once this kind of situations appear in the market since if to dump our baghold we will lose our money for doing this early decision.

[mrquackquack]

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