bloodbath!

[Distinctin]

Bloodbath is over, bitcoin is slowly recovering now and we are gonna see it trading at $40k.. The bloodbath was just a blessing for those who trust as they can accumulate at a cheap price, bitcoin will recover, then altcoins will follow. I'm expecting a green market in the next few days.

Staying at 40,000 level again https://coinmarketcap.com/currencies/bitcoin/ i think we can safely say that Bloodbath is already gone and now greening take over.

How much did the buyer profit now when the price dip down 30k and they managed to buy

30 instant percent?

i did not add Bitcoin on my holding but instead i choose Ripple and yes i bought at 90 cents and now climbing to 1.18$ already.

Honestly, you'll be lucky that XRP just pumps. Have you already sold it now? Because if that happens to me, I don't hesitate to sell it.

Back then, Bitcoin seems too hard to sustain at $40k, it was at $38k at this post. It has to say that huge corrections are still waiting for us and it might happen any time. So maybe we have to prepare for that and we can't leave the confidence that prices will increase if the situation will remain like this.

[SacriFries11]

As I say; crypto trading is not for a high blood pressure patient as it will quickly cause collapsing.

Only thing I see in the bloodbath is an avenue to hold more currencies as many missed the first run so seat back
And think of the best currency to buy and hold. This is likely to be the same as 2017 bearish.

I think its because of bad news about bitcoin. Following the environmental concern by Mr. Elon Musk, Greenpeace stop accepting bitcoin donations over the same reason. I think this concern need to resolve, mining bitcoin requires a lot of power to perform. Its not new to me since I've been in crypto since 2017. I agree that the spell will not last and the price will go up again, we're still not in bear season. It will bounce back soon.

[Silberman]

The decline in bitcoin prices in recent days has really scared us all, just imagine in the last 24 hours bitcoin has experienced a price drop of almost 10.25% and most likely this is due to the prank that Elon Musk did by canceling Tesla purchases using bitcoin and  I suspect that if maybe Tesla has sold their bitcoins so that the price of bitcoin falls, I think the decline in bitcoin is likely to continue especially recently China has warned its citizens not to transact and invest in crypto.

https://www.reuters.com/world/china/what-beijings-new-crackdown-means-crypto-china-2021-05-19/

Elon said that that he has not sold his bitcoins but it is obvious that he has done so, after all it seems to me he is trying to buy time for his company to begin to become profitable, and manipulating the price of bitcoin seemed like the perfect way for him to achieve this goal, however the reputation of Elon is going to suffer from this as you cannot get away completely with this, and it is even arguable if he is going to be investigated by the SEC for what he is doing.

[ecnalubma]

This dip doesn’t make sense to me since Bitcoin is progressing and so altcoins had great development. This is just a pure manipulative action of the few, if you fall to these traps its your choice but if your still holding set tight and relax where not going anywhere, the only way is up.

[Joca97]

This dip doesn’t make sense to me since Bitcoin is progressing and so altcoins had great development. This is just a pure manipulative action of the few, if you fall to these traps its your choice but if your still holding set tight and relax where not going anywhere, the only way is up.

Elon and china did their work. This dump is a little healthy that it dosent have a big jump. But it should go its natural way and not so many manipulation by the rich. Now is the time to buy this dip. It cant go lower then this

[neatworld]

I think it was manipulation to begin with, compounded by weak hands who panic dumped. The market was really due a correction because of all those joke meme coins that were starting to dominate the news, and even the rankings. I say good riddance to bad rubbish. Hopefully, this reset will allow projects with genuine utility to shine, because (hopefully), genuine investors in crazy times like these would rather strengthen their positions in projects that they see have long term potential.

[samcrypto]

This dip doesn’t make sense to me since Bitcoin is progressing and so altcoins had great development. This is just a pure manipulative action of the few, if you fall to these traps its your choice but if your still holding set tight and relax where not going anywhere, the only way is up.

A manipulation that we can never stop, they are the powerful whales and we must learn from this experience that we should always prepare ourselves for every possibility of huge dump since manipulators will always create FUD so they can have more cheaper options. Just keep holding and buy some if you can while the market is cheap, eventually those manipulators will pump this market again just to take profit, so better to learn to ride with them as well.

[Ziskinberg]

I think it was manipulation to begin with, compounded by weak hands who panic dumped. The market was really due a correction because of all those joke meme coins that were starting to dominate the news, and even the rankings. I say good riddance to bad rubbish. Hopefully, this reset will allow projects with genuine utility to shine, because (hopefully), genuine investors in crazy times like these would rather strengthen their positions in projects that they see have long term potential.

I can't say it was a sort of manipulation, maybe we can say that bullish season totally has its ends. We can never say that the market will keep at a high level, it sometimes the market will fall just like now. But the good thing is that it won't move down straight unlike what we have experienced last 2018 bear season. So people could still have the chance to sell their coins at a higher price.

[danherbias07]

I think it was manipulation to begin with, compounded by weak hands who panic dumped. The market was really due a correction because of all those joke meme coins that were starting to dominate the news, and even the rankings. I say good riddance to bad rubbish. Hopefully, this reset will allow projects with genuine utility to shine, because (hopefully), genuine investors in crazy times like these would rather strengthen their positions in projects that they see have long term potential.

I can't say it was a sort of manipulation, maybe we can say that bullish season totally has its ends. We can never say that the market will keep at a high level, it sometimes the market will fall just like now. But the good thing is that it won't move down straight unlike what we have experienced last 2018 bear season. So people could still have the chance to sell their coins at a higher price.

Yes, that's correct. Those who bought last year or even the ATH of December 2017 are still in profit right now. Big ones.
I think we just got used to a high price when large investors keeps on coming for the past few months.
It may not be a manipulation but could be a profit taking time. Don't we also do the same in trading? We buy cheap, we sell high. It's the normal of cryptocurrencies and because it's easier that we don't need a broker telling him to sell but we do it directly without paperworks needed.
Correction is done and so does the dump, I think we know where it will go next. Time to buy.

[mamesso]

The decline in bitcoin prices in recent days has really scared us all, just imagine in the last 24 hours bitcoin has experienced a price drop of almost 10.25% and most likely this is due to the prank that Elon Musk did by canceling Tesla purchases using bitcoin and  I suspect that if maybe Tesla has sold their bitcoins so that the price of bitcoin falls, I think the decline in bitcoin is likely to continue especially recently China has warned its citizens not to transact and invest in crypto.

https://www.reuters.com/world/china/what-beijings-new-crackdown-means-crypto-china-2021-05-19/

Fear is only felt by those who buy Bitcoin at a high price, they are very panicked by the bloody market conditions, they have to do now hold bitcoin until market conditions get back on track. No one will ever be able to predict when this exile will end, what we have to do prepare capital to get a few coins when the price is cheap.

[rodskee]

The biggest dump this year is happening right now, witnessed it and still believe that bitcoin will bounce back.
While we are hoping for bitcoin to reach $100k, how do you feel that bitcoin is going down to $20k anytime soon?

And when bitcoin dump that low, expect that altcoins will also dump even double the price dump of bitcoin.

Bitcoin seems to be falling back to 30,00 now  as it is continuously falling little by little since last night.

https://coinmarketcap.com/currencies/bitcoin/

34,800 as i am typing this and slowly cutting more.

https://coinmarketcap.com/

Same as all the cryptos now are showing Weak support, double digits fall this day alone? this is a true Bloodbath lol.

[VanDeinsberg12]

This dip doesn’t make sense to me since Bitcoin is progressing and so altcoins had great development. This is just a pure manipulative action of the few, if you fall to these traps its your choice but if your still holding set tight and relax where not going anywhere, the only way is up.

Many people actually making sense of this dip based on the cycle of bitcoin that's every 4 year it gets pumped and then dumped but linearly growing up but I agree with you though. defi, dapps, smart contracts and many more
is enough to actually sustain the growth of bitcoin or any other altcoin but this massive dump out of nothing is simply act of manipulation started by elon

but you must also remember that newbie panic sellers contribute a lot.

[barhavsky]

The biggest dump this year is happening right now, witnessed it and still believe that bitcoin will bounce back.
While we are hoping for bitcoin to reach $100k, how do you feel that bitcoin is going down to $20k anytime soon?

And when bitcoin dump that low, expect that altcoins will also dump even double the price dump of bitcoin.

in my opinion this is something that will definitely happen, because with the very high increase in Bitcoin price and the occurrence of an altseason, now is the time for market to correction and my advice is that you better hold altcoin that you have, because I am sure the market will definitely increase again even though it may be takes a long time to recover, so this is also an opportunity for us to buy cryptocurrency at a low price and hold for the long term.

[mirakal]

The biggest dump this year is happening right now, witnessed it and still believe that bitcoin will bounce back.
While we are hoping for bitcoin to reach $100k, how do you feel that bitcoin is going down to $20k anytime soon?

And when bitcoin dump that low, expect that altcoins will also dump even double the price dump of bitcoin.

Bitcoin seems to be falling back to 30,00 now  as it is continuously falling little by little since last night.

https://coinmarketcap.com/currencies/bitcoin/

34,800 as i am typing this and slowly cutting more.

https://coinmarketcap.com/

Same as all the cryptos now are showing Weak support, double digits fall this day alone? this is a true Bloodbath lol.

A bearish market is more dominant now, it's been days already that the market is still in red, I don't know if we can still bounce back strong to $50k to $60k region, it looks like the bull run is over soon due to Elon's bad announcement and some worries about China cracking down bitcoin. I know you guys are aware of this news, and mos likely investors now are already in panic mode like what we have witnessed in the past, this should not end well for the dumpers because of panic.

[adaseb]

Bitcoin is one thing but most people invested their life savings in coins like Doge and they are sitting at a huge loss right now. And these people have no idea what is going on exactly. Some guy on TikTok or Twitter asked why is he only getting $2500 for his original $5000 purchase. Basically its hard to tell if its a joke or not but people are used to making so much profit for no real work, that I am not surprised why we got such a huge flush.

Doge really rekt many people. Alot of people bought in the $0.75 range because they assumed that it should at least hit $1 during the Elon musk SNL and what happened was the opposite. And it touched $0.20 a few days ago. So that is what a 70% loss. And the difference between Doge and BTC is that most likely in the near future BTC can recover however most likely Doge will never be $0.75 ever again.

[lienfaye]

Only thing I can say: "you haven't lost your investment untill you sell" we saw it last bullrun.. eventually it'll rise again 

If the bloodbath continues all i see is an opportunity to get some more cryptos

Indeed, as long as we dont sell our assets are still intact. In times like this we need to be more positive and be firm to hold. If you let yourself be affected to the current happening then you might end up as one of the panic sellers who cant bear the price decrease.

Instead of worrying if the price can recover, take this as an opportunity to fill our bags. The situation is not often like this thus buy and hold, we'll never know the bullish market might be on its way again.

[CutePanda]

yeah this is the biggest dump ever in 2021.
I hope that this dump will come to an end soon and the price of all altcoins will become huge and go boom again.
because i already lost about $3500, for me it's a lot.
but still lets wait because patience is the key.

[michellee]

yeah this is the biggest dump ever in 2021.
I hope that this dump will come to an end soon and the price of all altcoins will become huge and go boom again.
because i already lost about $3500, for me it's a lot.
but still lets wait because patience is the key.

You are not alone because many of us are getting lost too. But we still have to try to make a profit and recover from the losses. The dump will end soon, and you do not need to worry. We need to survive at this moment and if you have money, you can try to buy for a small amount so you can expect to make a profit later when the dump ends.

The altcoin still has a chance to grow again and I think the altcoin season can come later. We just need to calm down and do not panic and yes, patience is the key for us.

[iram3130]

If the dominance of BTC increases 5% in a day, it will be a bloodbath for sure. Everything, I mean everything fell like a pack of cards, and most of them got dumped more than 50% at once. Hopefully, now, BTC is gaining its volume back and with it the money has been starting flowing into the alts. We might see a good recovery this week.

[sana54210]

You are not alone because many of us are getting lost too. But we still have to try to make a profit and recover from the losses. The dump will end soon, and you do not need to worry. We need to survive at this moment and if you have money, you can try to buy for a small amount so you can expect to make a profit later when the dump ends.

The altcoin still has a chance to grow again and I think the altcoin season can come later. We just need to calm down and do not panic and yes, patience is the key for us.

If we stop right now and do nothing that will only end up with a lot more worse situation for us. This is why I agree that we have to be optimistic about the future and act accordingly, what is the other option just sell everything you have and get out of crypto completely? That would not help anyone and it would not change anything for anyone neither so there is really no reason to do that, taking a loss and accepting it is not a solution in my mind.

However if you are optimistic about the future and you can hold and wait and even buy some more and just hope for the best you could at least make a bit of profit. Or you could trade if you are good at it and you can still make a bit of profit doing that as well, do something ANYTHING and just try to be active because the other option of just taking a loss and leaving is not a solution at all.