About time it crashed

[AakZaki]

There is an old saying, what goes up must come down  

~snip~

You are right I totally agree. Fall and wake again, good news bad news. Everything is well connected only we sometimes make the wrong position. As long as the consensus on technical and fundamental analysis is still in agreement, we must be happy. Because those who go down will rise again. Incidents like this have happened and are adventurous, we just need to be patient and if we have more funds buying more is a great option.

[Argoo]

If the market will crash today or for the next few days or when the bitcoin reaches $30,000 then probably it is a sign that the market will be crashed and we need to pull out our assets in order for us not to gain a huge loss. I remember there are so many people who become MOFO when the dogecoin arise and many people buy it and a lot also put on hold their money due to the sudden dump of the dogecoin. I don't want to see my fellow traders experience those kinds of losses.

After such a deep price drop, it is too late to sell our cryptocurrency. Selling now, it will definitely be at a loss. It is already necessary to hold the cryptocurrency until the next wave of price growth. The price growth of Bitcoin and other cryptocurrencies could not take place for a very long time, and some were already looking forward to the market fall after they sold a significant part of their cryptocurrency and took profits. This should really be done periodically during high price highs and low lows. Then any cyclical market movements will be perceived as a boon for making a profit.

[Cryptoking1205]

It went up at christmas as it usually does, but then it kept going up a bit.  $20-30K was about the reasonable price.

Then NFTs came along.  Like all bubbles they blew BTC up.  Then musk and doge took off and it went up further.  Finally coinbase floated and it hit is peak. 

Coinbase flopped miserably, musk started bad mouthing btc and NFTs stalled.  It was all bound to end in tears.

Honestly, i see btc back in the $20K region before the end of the month.

This correction is much needed and I agree on the $20k range you mentioned. I personally see it dipping closer to $10k or lower. You know an asset is overbought when everyone and their mom is buying in.

[Gamerholic]

In general, this is a popular point of view about a return to the level of 20 thousand dollars, but when we grew up and will be at the level of 55 thousand, everyone said that we would come to a price of about 100 thousand, someone even predicted all 300,000 dollars for us by the end of the year. I would like to urge you not to make unfounded predictions. Negative news is coming to us from all sides, so don't panic, please. I have not kept anything for a long time and I sold everything when the price was attractive. Now I just wait for the "bottom" to buy again and wait for a new rise.

[passwordnow]

There is an old saying, what goes up must come down  

It was way over extended, no doubt about it. Kind of was getting ridiculous after a while. Now it just faces reality - that being it will drop hard and long.

And tell the opposite of it too after it has come down. But that's the fact in cryptocurrencies and such markets, when we've seen such high prices and it's been staying there for a long time, you must ask yourself if how long you're going to see it stay there. Well, here it goes and the market just plunged too hard and bad and many haven't been prepared for it to come and that's why it's such a surprise for many other investors and to those who got FOMOed and bought above $40k although it's still a good price to buy if you have an aim for $60k and above.

[adzino]

It went up at christmas as it usually does, but then it kept going up a bit.  $20-30K was about the reasonable price.

Then NFTs came along.  Like all bubbles they blew BTC up.  Then musk and doge took off and it went up further.  Finally coinbase floated and it hit is peak. 

Coinbase flopped miserably, musk started bad mouthing btc and NFTs stalled.  It was all bound to end in tears.

Honestly, i see btc back in the $20K region before the end of the month.

We were all expecting this. But how did NFTs cause the price of bitcoin to rally? And everyone knew that NFT hype would end anytime soon (people are still selling memes!). And how exactly did coinbase flopped? The stock started to crash after bitcoin crashed (was expected too). And you shouldn't blame Musk for the crash. Blame those people that sold. They caused the price to crash. As far as I know Tesla has no intention of selling their bitcoins. If it does go back to $20,000, its going to be a really great opportunity to buy more.

Meanwhile Dogecoin is sinking like a tank... down to 21 cent in 1 minute!!  I told you guys but you never listened, you like listening only to your master Elon Musk, you'll get musked in the end.

It's still 35 cent. Doge dropped the same time bitcoin went down to $31,000.

[dikistutmazsabri]

Unfortunately, every ascent has a descent. Again, the scenario proceeded in a similar way. We were on the rise at Christmas time, then we had a nice bull season and finally it was what it should have been and the bear season that I thought was going to be hard started. If it continues to decrease at this rate, the market will drop to 20 thousand dollars before 1 month.

[Kong Hey Pakboy]

Unfortunately, every ascent has a descent. Again, the scenario proceeded in a similar way. We were on the rise at Christmas time, then we had a nice bull season and finally it was what it should have been and the bear season that I thought was going to be hard started. If it continues to decrease at this rate, the market will drop to 20 thousand dollars before 1 month.

Alternatively, every descent has an ascent or vice versa, it doesn't really matter if the prices will go down in 1 month, the market will recover in the long-term and if you think about it, you have to be smart and panicking in the short-term is going to be a fruitless effort.

[thirdprize]

Next few days will say wether we are over the big dip or not.  I say not. 

[ADCrypto101]

I dont get you guys, fundamentals havent changed, the dip is normal like it always have been.
BTC and Crypto will stay and rise and i am glad these puppets of Elon have been burned

[Lorence.xD]

I dont get you guys, fundamentals havent changed, the dip is normal like it always have been.
BTC and Crypto will stay and rise and i am glad these puppets of Elon have been burned

The reason that they do that is because they want to feel like they are thinking much more superior than the other people in this platform so they have to say something whenever there is a dip in the prices.

[Karartma1]

I dont get you guys, fundamentals havent changed, the dip is normal like it always have been.
BTC and Crypto will stay and rise and i am glad these puppets of Elon have been burned

For those who have been here since a long time I guess it's nothing new. We saw dips worst than these and it was about time that the tree got shacking to remove the fruits which aren't good.
I keep repeating myself, this market is susceptible to all sort of crap and those who want to stay here over the long run must be prepared.

[bitterguy28]

It went up at christmas as it usually does, but then it kept going up a bit.  $20-30K was about the reasonable price.

Wait but what is Reasonable price? is there any specification if how much would be the value of bitcoin?


sorry if i miss something here.

Then NFTs came along.  Like all bubbles they blew BTC up.  Then musk and doge took off and it went up further.  Finally coinbase floated and it hit is peak. 

well is that the right explanation why Bitcoin climb high? does the big company invested inside is the one?

Coinbase flopped miserably, musk started bad mouthing btc and NFTs stalled.  It was all bound to end in tears.

Musk is not part of the system anyway so lets back to reality.

Honestly, i see btc back in the $20K region before the end of the month.

Really? then Hold on tight because you will be Gone from the train.

[isaac_clarke22]

~

Remember when the price that time went below 3k? It was the year 2019 to be specific. I gotta admit that I got a tiny shook that time because that's way too low now. It was like going farther from the past prices, but then it surged up all the way up to 10k again. It's just the way of the market as it is.

[iTradeChips]

Now that we have experienced the second time since 2017 that it went so high up and comes crashing down. My question to myself is, would this happen again? Do you think in a few years we will see another ATH for Bitcoin? I mean it took 3 years from 2018 to 2021 before it went up again. Do you think it will go crazily up again and come crashing down again? If it crashes then we holders will keep on holding, and we will buy more in the dip and wait for the next paycheck in a couple of years.

[Smartvirus]

Honestly, i see btc back in the $20K region before the end of the month.

This is a vision shared mainly by investors and hodlers in order to accumulate sats  but sadly BTC isn't going anywhere below $30k. About $31k was where it got to yesterday before the bulls stepped in to strengthen there end and pushed the price all the way to $38k where it is about today. I think its going to rally on from there and eventually get back to $50k.

Its the way of the market, a correction is always need for a healthy system as the price can't just keep going up like it was a big a bubble. A shrink is in order and I can say that is what we just experienced and its done, the least that could happen now is watching BTC slowly going back up until about $50k again.

[Midy]

It is not a cryptocurrency investment if the market always increases from time to time, because the ups and downs of the cryptocurrency market are natural, because to get profit for investors and traders is to take advantage of moments like today when other people panic sell due to negative information circulating.

[aysg76]

It went up at christmas as it usually does, but then it kept going up a bit.  $20-30K was about the reasonable price.

Then NFTs came along.  Like all bubbles they blew BTC up.  Then musk and doge took off and it went up further.  Finally coinbase floated and it hit is peak. 

Coinbase flopped miserably, musk started bad mouthing btc and NFTs stalled.  It was all bound to end in tears.

Honestly, i see btc back in the $20K region before the end of the month.

The market is witnessing worse phase of this year but it's still very much above the previous year when prices were at ATH of $20k so it will not affect even it reach there.Musk would not be able to ruin Bitcoin image for long and crypto market will recover soon and skyrocket again so buy at dips instead of panicking.This crash has wiped out $800 billion of market because of panic sellers shifting to other options and total market cap is at $1.5 trillion from $2 trillion.Those who invested at base stone do not need to care about falls.

The best time to invest is when there is blood on Roads.

When prices were surging we all were happy but now when it's down why we need to panic rather hold for long term and gain profits for long run.

[repear7]

Market now look like stable. Price of btc increasing. But, Market can down anytime. It’s normal to up, down in cryptocurrency market.

[michellee]

Even if the bitcoin price goes down to $20k, that will not be a problem for me because that will be a big discount for me to buy bitcoin at the very lowest price, which I think is hard to see future. But hopefully, the bitcoin price will not go down to that price and will stay at this current price and in the next week, the bitcoin price will increase slowly. It is just a correction, whether this time the correction is too deep than what we expect before. But we need to enjoy this moment as we can do something related to the market.