A Sudden Price Drop in The Crypto Markets

[TheGreatPython]

If we look at last 10 days, the prices of around 33k and the the rebound has generally happened and even crossed till 40k. So this give me cushion that prices can rebound well. So any fall like again btc is now at 35k gives me a chance to buy some and sell when it rises back as per my short term strategy. So I am happy with that as these momentum gives you money as well, if you are ready to invest in short period.

Honestly it has been over 36k more often than not in the past 10 days. Sure we had a bottom of 30k at some point but then everything corrected and we went as much as 40k and now we are at a bit over 34k which is understandable to be honest.

So yeah, things did went low very much but things are also doing better as well, it goes down but then goes up, those recoveries stand a lot longer than the falls, the moment it goes down there is a good recovery and goes up and when there is a recovery eventually it goes down again but for just a short period of time.

This is why I think it is quite good right now and there is nothing to worry about, things are still not that bad. I think buying now and selling later is a great method, it is down now and what do we always say? "buy low sell high" right? Well, it is low now and it is going to get higher again later so it is a good idea.

[sportclub2010]

But today the fall in the bitcoin rate has stopped. And even the rate went up. I think the best time for traders has begun. You can make good money on such waves.

[LUCKMCFLY]

I think that the falls are when very few see it coming, some mostly falls by surprise, but they tend to be at the least expected moment, the last fall was not so sudden, because all the correction that is currently being experienced in BTC is practically the fault of Elon Musk, after he made a great Fud, a lot of news was released that was not very good, and the weak hands began to sell, this is normal in all markets, you just have to stick to the falls of the markets is the most normal thing in the world.

But the recovery is not waiting, some technical analysts are just waiting for the price to start its bullish sense, for now what reigns is great market uncertainty, but it is nothing so serious that it cannot be handled, there is only to wait a bit to see how things continue to develop.

[andriarto]

If we look at last 10 days, the prices of around 33k and the the rebound has generally happened and even crossed till 40k. So this give me cushion that prices can rebound well. So any fall like again btc is now at 35k gives me a chance to buy some and sell when it rises back as per my short term strategy. So I am happy with that as these momentum gives you money as well, if you are ready to invest in short period.

Honestly it has been over 36k more often than not in the past 10 days. Sure we had a bottom of 30k at some point but then everything corrected and we went as much as 40k and now we are at a bit over 34k which is understandable to be honest.

So yeah, things did went low very much but things are also doing better as well, it goes down but then goes up, those recoveries stand a lot longer than the falls, the moment it goes down there is a good recovery and goes up and when there is a recovery eventually it goes down again but for just a short period of time.

This is why I think it is quite good right now and there is nothing to worry about, things are still not that bad. I think buying now and selling later is a great method, it is down now and what do we always say? "buy low sell high" right? Well, it is low now and it is going to get higher again later so it is a good idea.

I like you, who always motivate and always believe in the existing market conditions. We know that many people always "buy low sell high", but when the price is below, they seem unsure and afraid that the price will go down again, then after missing the moment they just buy. therefore we have to take advantage of the big correction to buy

[steampunkz]

I think we all know about the sudden drop of the crypto market prices, others are saying it's because of Elon's Recent Tweets but that's not it. There are bigger issues concerning example of these Are FUD because of the  many Ransomware  popping  and people are blaming bitcoin for this one, also add upcoming bitcoin ETF.

[secretgirl]

no one knows for sure what will happen next. for traders every moment is an opportunity. an opportunity to buy or sell. but for investors who trade long term, maybe the current situation is the right time to buy and hope prices will return high. confidence and patience are the main capital for long-term investors.

[perfect999]

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.

I guess there are surely some, and there are some that left there is no doubt about that for sure.
However, the real question is that how much money does the bulls have that they can recover and increase the price a lot? That is the important question and most probably the answer is that there is not enough left.

I believe we still have a ton of bulls who think that the price will go up and they would love to buy more but the fact is that they do not have enough money that could help us go up.

For example, I am not a rich person but I think it will go up, if I had a million dollars just to invest I would definitely buy bitcoin but I do not have that money so I can't. This of course goes higher up than me, someone who normally buys 1 million, buys 100k, someone who buys 10 million buys 800k. When the bulls end up with not enough money this is the result.

[Golftech]

no one knows for sure what will happen next. for traders every moment is an opportunity. an opportunity to buy or sell. but for investors who trade long term, maybe the current situation is the right time to buy and hope prices will return high. confidence and patience are the main capital for long-term investors.

Different approach from different people, but for most traders they'll keep finding ways to see the market in a

positive perspectives, knowing that whatever it is inside there's always opportunities to earn, either for long

term or short term process, as long as you know what you're doing it's still best to continue investing from this

market.

[mrquackquack]

Well seemingly the markets have gotten alot worse in some specific markets seeing over 30% drops in prices. Will this go down any further or will it rebound? Any thoughts or comments are more than welcome.

[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.

This decline has already been going on for about two months, so we can assume that the bull market has long since ended. In addition, now we are approaching the middle of summer in time, and the second half of it has never been distinguished by a serious price increase in this market. Therefore, it is likely that somewhere even before October prices will be approximately at this level, with the volatility inherent in this market.
After such a long and high price growth, the market should traditionally fall, although this may have happened a little earlier than expected.

[Viscore]

no one knows for sure what will happen next. for traders every moment is an opportunity. an opportunity to buy or sell. but for investors who trade long term, maybe the current situation is the right time to buy and hope prices will return high. confidence and patience are the main capital for long-term investors.

Traders will definitely wait for the market to become stable again so they would not end up trading with a huge loss. But good traders always find good ways how to be in profit even when the market is bullish or in bearish trend.

The market has already been in a couple of months seeing prices in low value but this will not be permanent for sure. Once positive news and other great promotions for crypto will come, we will see the market back into normal again. Eventually there's always a rainbow after the rain.

[swiftbits]

Some signals are correct, so we risk investing, but we can't really predict the exact price movement; players and some situations that control or affect the market is unforeseeable. According to some traders' forecasts; the correction might stay longer for months. This is a great time to buy some coins.