Be Prepared for the big dump.

[RealMalatesta]

Is the big dump still going to continue? What do you think guys, just now, I saw on coinmarketcap the 24-hour price movement has started to go up. Anyway, People who buyback at dip yesterday has gained profit today.

I doubt so. I mean by the looks of it everything is looking good in the market once again, everything is green and up a big amount as well, sure there are ups and downs, bitcoin reached 30k, then 42k, then under 40k like it moves so much and I get that, it is really a volatile market right now. However I do not think that the price is going down too much anymore, we have seen the bottom with 30k and that I believe was the lowest we will see in a while.

I can't guarantee the price being over 30k forever, it may go down under 30k once again in the future however I feel like that won't happen anytime soon. Which is why I think the bottom is here for now, there is no need to "be prepared for the big dump" because it is gone, we are in recovery, it is going to be tough because we were over 60k and now around 40k that's a lot of grounds to cover, it needs 50% increase to reach there.

[dikistutmazsabri]

I don't think the cryptocurrency market will turn into a dump anytime soon. I think these drops are a correction. however, the rapid declines seem to suggest that this correction will take a little longer. In my opinion, the market is entering a correction period that offers buying opportunities rather than rubbish. If this is not a fix but the start of the bear season, then indeed a dump may be waiting for us.

[Fire Rabbit]

Market is already recovering. This is not the time to dump. It will be a foolish if you think of dumping your crypto assets. This is the time to buy. But please dont invest the money in shit coins. Put your money in coins that really have utility. You can also invest in NFTs like Alienworld or Rplanet if you like gaming stuff.

[memyselfandi]

I am fully prepared for that big dump or they call it as "the last big dip of 2021 bull run". I can say that I already maximized this 2021 bull run and gain profits that I can use as funds to buy the big dip and wait for the next bull run again to finally get the fruitful outcome of waiting, holding and efforts.

[arapgeceleri]

seeing it as a garbage dump is a situation that makes me sad. this market is always a valuable market. When the price of coins goes down, it is very wrong to see them as garbage. Already successful coins are resistant to declines and prove to be different. If we are to describe it as garbage, it would be more correct to say that it is based on the coins that do not show resistance in these decreases, or maybe will be deleted from the market.

[X-ray]

You have said nothing but the truth. Folks that have a good knowledge of price action and technical analysis will confirm that Bitcoin have made its All time high and is heading down. The market structure has turned bearish and it will go a long way down.

that's a common thing in crypto. there will always be bearish trend after the bullish trend. That will be moving to the bullish trend again when the bearish trend already done.
That being said if this scheme already happened in the crypto since long time ago and it's predictable.
The market already faced lots of pump and this is the time for the correction to happen for sure.

[MadeMen]

If what we're experiencing presently is a market correction which would last for a short while, then I'm perfectly fine with the situation. I can gladly say that this market correction would lead to a more substantive bull run in the near future, but if this situation is a sign of the end of bull run, then there's cause for alarm.

[wajik-tempe]

Big dumps are always started with china bad news, last thing i've heard china banned bitcoin back in 2018 the the market crash for a long time. History will repeat, recently china crypto crackdown news made the market bleed. Elon is also not making hype anymore about cryptocurrency. I think it's the time for market to sleep before another hype in years to come

[raes]

Big dumps are always started with china bad news, last thing i've heard china banned bitcoin back in 2018 the the market crash for a long time. History will repeat, recently china crypto crackdown news made the market bleed. Elon is also not making hype anymore about cryptocurrency. I think it's the time for market to sleep before another hype in years to come

market capabilities I don't think will collapse easily for now. Shortly, you will see improvements taking place in the market.
The downturn caused everyone to panic but it won't keep the market stuck for long.
the current state of the market is different if you equate it to 2018. believe me, this is only the game of those who want to get bigger profits by making most of the smallholders panic.

[manggis97]

In this bull season, for me, its hard to predict when the market will big dump, because emotional of many trader just believe the price will keep go higher with small corection. When the price very high, only stop loss and trailling stop can help to minimize the risk and take profit. My opinion, this dump now still corection and wait for a week to recover the price because we are still in the beginning of bullish market, and too early to say the bull market is ended.

[Trinx01]

Yeah, the dump already happens and a lot of traders have lost their money because of being careless, but right now the market is now going strong and we can see that most of the cryptocurrency is now being in gree, so it means that maybe the dump is ended, for sure maybe next month bitcoin will recover and reach again the ATH. Those people who are weak hands that have lost their bitcoin during dump have lost the opportunity maybe they are still not immune to this kind of a dump.

[radjie]

in crypto trading everything that will happen like a continuous decline until recently we have to be prepared for it.  Getting profits and losses in crypto trading is actually in our hands, the key is that we have to be able to decide when to make a sale so that we can profit even though it takes a long time, the most important thing is to have the confidence to be able to avoid losses in trading

[kpierce77]

in crypto trading everything that will happen like a continuous decline until recently we have to be prepared for it.  Getting profits and losses in crypto trading is actually in our hands, the key is that we have to be able to decide when to make a sale so that we can profit even though it takes a long time, the most important thing is to have the confidence to be able to avoid losses in trading

That is fundamental. but determining when to dip is quite difficult, even though you are an experienced trader. The most important thing is, don't get too hung up on price. just do it according to the formula or plan you want, if you already get enough profit, then stop and try to relax, so that your thoughts and calculations are still fresh

[ILuckyGuyI]

We have already started hearing about some selling news. It looks like there has been a big amount of selling recently. It seems to be one of the biggest factors that have impacted the market badly.

[lalabotax]

Now I have been ready for it and we are in the big dump. Well, it is so sad when seeing the portfolio on the spot balance. I am wondering how to laugh so loudly because my balance drops more than 40%  
But, this is not time to sell, but to HODL. If I sell them right now, I will truly lose my money. But if I hold them, I can still have a chance to get increased balance, hopefully, the market will be better soon and can really recover before the end of this year.

[Ruvi2000sew]

Those who believe that crypto can never go into a bear market are stupid  . You are actually living in your own mind and aren't ready to face reality the bear market is coming, and there is little that will stop it & it is the only way that peace can be restored.

[Teraboy]

It looks like there has been a big amount of selling recently. It seems to be one of the biggest factors that have impacted the market badly.

People were feeling fearful due to the bad news from china but the whales have been taking the advantage from the market and they will be buying more and more coins and then pumping back again to the roof. The market is starting to enter into the another bullish trend again. We should be patient for that.
People will sell when the whales already sold for the news. This is always repeating again and again but people didn't learn a lot from their past experience.

[Blowon]

After dumping in a few days ago, now bitcoin is immediately retest bullish, but I think it has not been strong to become a trending market up, it took maybe at least a month to be able to fly, a good time to buy coins now, or wait for next week.

[Blowon]

It is true that now we have to be prepared and alert for the big dump. we can see in the crypto market that currently crypto is down and this makes a lot of people panic. keep calm and don't panic sell so that the market doesn't get cloudy and we don't get a loss. we know that this has happened several times and we must be able to follow suit. don't rush into decisions that end up hurting us

When bitcoin goes up again, I think this time there will be fakeout, which will drop back in some time, I will try to make good use of this moment in order to maximize the profit from the bearish market.

[Fredomago]

After dumping in a few days ago, now bitcoin is immediately retest bullish, but I think it has not been strong to become a trending market up, it took maybe at least a month to be able to fly, a good time to buy coins now, or wait for next week.

Bitcoin is trying to recover and testing if there are still weak holders to continue dumping their assets, You might be right that this attempt can't bring back the quick bounce as the damage from the last week dumped really affects the entire market.

It may take another weeks or months for more investors to start investing back and try again some of their luck to benefits from this market.

Keep your guards up and not to easily be moved by some events, make sure to analyze it will save your ass from being trapped.