Another Horrible day in History of Bitcoin

[chaoticmayhem]

After 13 March 2020, This is Another Horrible Day In History Of Bitcoin

THE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday

Most whales are probably extremely happy for what it is happening, it seemed that we have left the 40k level for good and now we are back below it so while this can be bad for small investors like us it is great new for whales looking to enter the market at reasonable prices once again.

Now it is debatable how long this is going to last, the altcoin market is responsible for this drop and bitcoin is going down because of it, but give it enough time and bitcoin will recover and leave altcoins on the dust again proving once again that when it some to this market investing in bitcoin is most of the time the only correct choice.

wrong. Bitcoin's decline is responsible for dragging altcoins down. Bitcoin is the giant. Where it goes, the lesser coins follow.

[isaac_clarke22]

Whales are just around the corner hunting for panickers' coin. Take this price already to buy more or just hodl.
You'll never want to panic at these situations.
People back in 2019 including me already felt this kind of dumping.

[Vishnu.Reang]

These sort of fluctuations are common with Bitcoin. If you can't deal with them, then you need to divert your funds to low-risk assets such as bullion and treasury bonds. The volatility of Bitcoin is exactly the reason why the potential returns are also higher. And despite all the bloodbath we had in the cryptocurrency market, the basics are still very strong. The correction will make sure that the less serious investors exit the cryptocurrency market, and that may be beneficial in the long term.

[carlfebz2]

After 13 March 2020, This is Another Horrible Day In History Of Bitcoin

THE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday

Why do people easily freaked out when seeing crashes or dips like these? Considering -40% down at the moment but lots of people do treat it just like its end of the world.

Times like these are inevitable and now it happened then to those people who had been on this market is already aware but for those who do just recently jumped will definitely had a shock.

Based off technicals then it cant really be denied that Bitcoin and altcoins are already on the overbought stage.Im anticipating for this time to happen.

[todiefor17]

Yehp Elon created FUD, Whales used the fear sentiment to dump the market and fill their bags.

Just like last year the whales used the fear around Covid-19 to dump and fill their bags.

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I'm just so angry coinbase screwed me and didn't let me buy the dip.

The script is perfect for filling the shark's pockets. This is an opportunity for all of us to become rich. I believe the holder will once again win. This is the most impressive sale I've seen since March 2020. Probably the biggest sale I can take this year because I know the biggest whale is Microstrategy, they have bought a lot of billions of dollars in Bitcoin at an average price of $43k. Of course, whales will not let themselves die, they will raise the value of Bitcoin.

[cryptomaniac_xxx]

Do we really need to remember that day though? Bitcoin has recovered already, as we are hovering in the $40k price range. Just one of the days though and I'm sure many have panicked already and sold their bitcoins while strong hands keeps buying and not affected by the massive decline. That's why in crypto investments, we should also be mentally toughness and not be emotionally affected and look for the long term goal.

[Vishnu.Reang]

Do we really need to remember that day though? Bitcoin has recovered already, as we are hovering in the $40k price range. Just one of the days though and I'm sure many have panicked already and sold their bitcoins while strong hands keeps buying and not affected by the massive decline. That's why in crypto investments, we should also be mentally toughness and not be emotionally affected and look for the long term goal.

The recovery from $34,000 to $41,000 is remarkable, but still we are at least 30% down from the levels we had two weeks ago. The whales continue to accumulate coins, and those ordinary investors who are in panic continues to dump their coins. These clowns are going to regret real bad when the next bull run starts. If you check the history of Bitcoin, you can find several such incidents. But one thing is common with all of them. Whenever such a cycle occurs, coins move from small scale investors to whales.

[ILuckyGuyI]

It was a bad day in terms of the high manipulation, yeah. But it was also a good opportunity to buy for investors. Because we saw the price going down to even $30k. But the market shouldn't be manipulated this easy, though. It's not always good for investors as not all the people are HODLers.

[Argoo]

After 13 March 2020, This is Another Horrible Day In History Of Bitcoin

THE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday

Everything is relative. Those who bought bitcoin in mid-March 2020 after it fell at a very low price, in the end, do not consider this time to be bad for the cryptocurrency, since they made a very large profit. And this current deep drop in the price of bitcoin has been eagerly awaited by some for further purchases. In times of great price fluctuations, the market comes alive. It no longer really matters where the market is moving - up or down. We need to learn to understand the work of this market and use any of its price movements.

[ArIMy11]

After 13 March 2020, This is Another Horrible Day In History Of Bitcoin

THE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday

I heard the news to my friend regarding BTC price that is already below $40K. Lately I am quite inactive to crypto due to my new full time job. I am still on the adjusting stage and I also do not have money to bought BTC so I do not visit much the price charts. When I heard the news, I am quite sad. I have no money to buy any plus I am still holding some of my bitcoins. Kinda afraid that btc recovery may took long time again but I hope btc price will go up again soon

[yazher]

Obviously, the author has invested when the price was high and when the price looks likely sinking to the bottom again, he panicked and even saved the date where he thought that the deep was the last to come. as most of the users said, it will not be the last time but the sure thing is, it could rise again or fall much more worst than what we have experienced now. nevertheless, everyone should consider that this kind of scenario has been already been here since the creation of bitcoin. When the market will offer green light for days, there will come a time that it will be back to red again.

[Pandji02]

That should've happen at some point. The best you can do now is just to relax and wait or buy more while it dips. This happening every year and then we go up again even higher.

[Bilgent]

It will be one of the unforgettable days, yes.    We've had many bad news in a very short time period. Elon Musk, Binance investigation, China's ban... But still the market is looking not too bad right now.

[CaVO32]

It was a bad day in terms of the high manipulation, yeah. But it was also a good opportunity to buy for investors. Because we saw the price going down to even $30k. But the market shouldn't be manipulated this easy, though. It's not always good for investors as not all the people are HODLers.

There are two sides of the coin here. Some will take this as a good opportunity to buy their bitcoin, particularly those who were wishing that they had bought when bitcoin was low. But for some, who bought bitcoin above 50k level, some of them are in panic mode especially those that invested their life's savings or those who borrowed money to invest in crypto. So from what we learned in this market, it is always better to invest what you can afford to lose. As the market is very difficult to predict, you have no way of knowing when can you recover your initial investments or when you can get your target profits.

[Kasabus]

It was a bad day in terms of the high manipulation, yeah. But it was also a good opportunity to buy for investors. Because we saw the price going down to even $30k. But the market shouldn't be manipulated this easy, though. It's not always good for investors as not all the people are HODLers.

There are two sides of the coin here. Some will take this as a good opportunity to buy their bitcoin, particularly those who were wishing that they had bought when bitcoin was low. But for some, who bought bitcoin above 50k level, some of them are in panic mode especially those that invested their life's savings or those who borrowed money to invest in crypto. So from what we learned in this market, it is always better to invest what you can afford to lose. As the market is very difficult to predict, you have no way of knowing when can you recover your initial investments or when you can get your target profits.

Exactly. Crypto is full of uncertainties so we should be more cautious in the first place before taking decisions to invest.

Lot of investors today are in a panic mode as to when is the best time to sell before bitcoin price drops down intensely while seeing their investments turn into failure and losses. Or maybe the best option is to hold the coins and just wait for bitcoin to recover and starts to pump again after this price correction.

[nightxglow]

Well the price decreased quite much, so no wonder you feel like that. However, this thing is kind of normal. Bitcoin price has been really fluctuative for the recent months, though it reaches the lowest this 19. However no need to worry, just think it as opportunity to buy bitcoin in a low price, and just wait since the price will go up soon again. In fact, in one day the price has increases almost 4k USD though.  Just be more patient.

[Miaallen]

The horrible occurrence isn't only limited to Bitcoin but the entire cryptocurrency world. Elon Musk brought this upon us all, capped with the ban of the Cryptocurrency by the Chinese government. The two sources of FUD combined together is what we experience today but I believe we will still survive this that is if the bear market is yet to arrive.

[zanezane]

That should've happen at some point. The best you can do now is just to relax and wait or buy more while it dips. This happening every year and then we go up again even higher.

That's what some of my friends are saying to our Group Chat, just buy now that there is a dip and the prices are really low and take note that they are qualified hodlers because they have been on the scene since 2015 or 2016. I hope that a lot of people know this so they won't panic sell.

[impulse709]

Yup,It's indeed bad,from 54k to 30k. It's terrible. But no,Bitcoin prices at the end of 2018,Bitcoin only 3k ,and now the current Bitcoin price is 38k.This is an incredible growth, Market trends will always fluctuate.This time for you possess more bitcoin to wait for a season bullmarket coming.

[Artemis3]

After 13 March 2020, This is Another Horrible Day In History Of Bitcoin

THE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday

What are you noob? You call the chance for many to buy cheap "horrible"? Do you have any idea how much people were waiting for this chance? What you call horrible for many its their lifetime opportunity to get rid of their always losing value fiat.

You are not losing anything unless you sell, and if you do its your fault.

Up and down is the free market at work (which is a great sign). But you miss the whole picture, as in the price since the beginning. The graph is crystal clear, zoom out already...