Red crypto market today

[Woodie]

Yeah it's a bloodbath, I guess this time our miners are not taking it well in China with the reported bans we keep on hearing about !

Honestly with the authoritarian government of there what's the best option bitcoin has? Another soft fork to change how it works, maybe we can change the mining process altogether and stay clear of the backlash that comes from bitcoins pollution and carbon footprints... the crypto universe has been shaken.

[Alanaz]

I wonder how deep bitcoin will crash this time, if this touches $10,000 again i would probably pawn my house and bet everything in BTC. This market correction is healthy to give chance for people who miss the BTC train and for those people that bought in ATH, keep holding..

what you are doing is not wrong but in my opinion you are not right in taking action. that's why don't use all our assets here because here it is volatile and very difficult to predict, if we fall and greetings in choosing an automatic step the loss you get.
don't risk everything you have here because you also have to think about what you're doing so don't regret it after you take action

[Shallow]

The market is now in a bearish condition wherein most people still sees it as manipulation from top players. The funny thing is that, despite the fact that many adoption has been made by some countries, despite that most institutional investors are still buying, yet the market do not look encouraging hence one might be forced to agree that a lot of manipulation is taking place.
Also, as seen in bear market, fuds kept coming out thus leading to more downtrend in the market and now is the time we will appreciate good coins, because after all said and done, they are still the ones that will take the lead and pump when the market corrects.
So lastly, June do not look good from my own perspective but if more engagements comes in through the NFT ecosystem, and more institutions buys then we might see an uptrend; nevertheless you should know this market can't be predicted atimes, hence mind your trades and investment.

[Botnake]

This dip was happened because of two reasons that has happened that time, the first one is when China restricts bitcoin in their area, which brings too much dip in the bitcoin, the second reason was the tweet of Elon Musk again when he was tweeted about Tesla which is not going to accept bitcoin anymore for such sh*tty reasons.

There was a new tweet of him that Tesla is going to accept bitcoin again if miners will use clean energy.
https://cointelegraph.com/news/elon-musks-lays-out-when-tesla-will-begin-accepting-bitcoin-payments-again

unfortunately, that doesn't change the mind of the people riding the hype again as they know that Elon was just playing with them.

With his manipulation technique, there's no reason to trust his words.

[Maslate]

Yeah it's a bloodbath, I guess this time our miners are not taking it well in China with the reported bans we keep on hearing about !

Honestly with the authoritarian government of there what's the best option bitcoin has? Another soft fork to change how it works, maybe we can change the mining process altogether and stay clear of the backlash that comes from bitcoins pollution and carbon footprints... the crypto universe has been shaken.

This is no the first time we hear bad news pertaining to China's restriction on miners, investors, and traders of crypto, so it's safe to assume that the market has been shaken already in the past, but where we are now? we did survive and the market still grows, so just don't look back and focus on the future.

[seleme]

This dip was happened because of two reasons that has happened that time, the first one is when China restricts bitcoin in their area, which brings too much dip in the bitcoin, the second reason was the tweet of Elon Musk again when he was tweeted about Tesla which is not going to accept bitcoin anymore for such sh*tty reasons.

There was a new tweet of him that Tesla is going to accept bitcoin again if miners will use clean energy.
https://cointelegraph.com/news/elon-musks-lays-out-when-tesla-will-begin-accepting-bitcoin-payments-again

unfortunately, that doesn't change the mind of the people riding the hype again as they know that Elon was just playing with them.

With his manipulation technique, there's no reason to trust his words.

Elon doing a nice job with speculating markets but he will not be able to repeat the same process on stock markets. Due to lack of regulation, things don't go such a way in the crypto trading world, influencers shouldn't abuse their power in social media for manipulation. Another tweet by Elon Musk will pump the market but his team should prepare deep buy orders first...

[fara_buduk]

the crypto market, will face some near-term pressure due to worrying signs of inflation. The price increase could result in the Fed's tapering policy sooner than we expected. the market has become like this due to several factors, one of which is the hawkish statement of the US central bank which also weighed on crypto prices today in addition to the China issue. But we don't have to worry because the market will slowly return

[Dexion]

This dip was happened because of two reasons that has happened that time, the first one is when China restricts bitcoin in their area, which brings too much dip in the bitcoin, the second reason was the tweet of Elon Musk again when he was tweeted about Tesla which is not going to accept bitcoin anymore for such sh*tty reasons.

This is exacerbated by the statement from Donald Trump that Crypto is a scam, so there are many rejections of crypto, but now the crypto market is slowly rising from the negative issues circulating, staying patient is the key to surviving the current situation.

[hodap]

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

Smart investors certainly see the red market as potential, I have been used to investing since 2016, and have never lost because of the red market and panic selling, I always make crypto for the long term so profit is better than panic selling.

Smart investors are able to make the right picks during a red market. A red market isn't good per se. You need to know what to do and when to act with the goal to minimize your downside risk and maximize your upside potential. There is also a lot of luck involved.

[Wong Gendheng]

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

Red market is common, too much negative news about crypto that makes the whales of investors sell their coins, but I believe the market will recover soon and this year I am optimistic that the price of ethereum can reach at least $5000.

[gurunanakji777]

The decline was expected even we have seen quite a good bullish market. Many of the traders lost money in haste. We can not expect the rising market always. When there is a huge rise correction also takes place so I believe the market is in the correction phase and we should keep patience at this time. If we lose patience we will lose money. If we keep patience we will be again in good profit.  Honestly speaking I don't know much about susana.

[Hughes_Ryan]

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

I suppose it's from the damn actions of China once again that the energy intervention of the carbon related bitcoin mining camps is a conspiracy for the inclusion of XCH.  Elon, Tesla came by nature, the market showed signs of actually coming from things related to China.
This scenario leads me to believe bearish signal but can't exit.  I've been smoking a lot lately.  Lol
We have the potential to rise from the sub-$30k edge, just overcome that pull.

[zayika570]

The market decline was long overdue. Something had to stop those projects and shitcoins from doing 10x almost every day. Market was growing exponentially without any real correction in price so I kinda expected such a decline in market prices. Market correction are good for healthy bull market. I lost some money too to the dip because a  portion of my portfolio is stashed into various altcoins that have taken serious hits in the last weeks.

A lot of investors think that fall of the market is a good time to buy tokens for the best and most profitable price. But nobody knows how long this fall will last. The most important thing is that the project will continue to develop even when market falls. Here is a development plan of PolkaSyndicate https://polkasyndicate.medium.com/polkasyndicate-development-plans-b45e1b824239

The main thing is that the project continues to develop even in the event of a market decline. You need not only to be able to attract a large number of users, but also to be able to keep it.

[kenelmark]

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

I think this is the beginning of the crypto price crash. And this process happens slowly. This is what it says that crypto will return to zero. The next pumping happens in september, if that happens. This is crypto history, and being part of the global game.

[Rakeshten]

Yes the month may was not good for all altcoins. All were in red candles, because there was news of China about crypto. The starting of June is also same, red candles. I hope we will see green candles at the end of June or in starting of July.

[Inspiron14]

Yes the month may was not good for all altcoins. All were in red candles, because there was news of China about crypto. The starting of June is also same, red candles. I hope we will see green candles at the end of June or in starting of July.

there are no good signs in mid-June, if you just hope then you are wrong, don't expect,
let's analyze based on technicals, because if you don't use technical analysis in trading it is gambling,
just like you go to the forest and don't bring a compass, yes and you can get lost

[tokoorochan]

Yes the month may was not good for all altcoins. All were in red candles, because there was news of China about crypto. The starting of June is also same, red candles. I hope we will see green candles at the end of June or in starting of July.

whales playing us using news in market, there is a reason for them to take our cryptocurrency cheaply. if we taking bitcoin or other cryptocurrency price, its been rise for several months since last year and now this is the time to correction and attract new buyer . Dont worry about price drop, we have face it several time in the past.

[santiPOGI]

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

It is very cleared that we are already in bearish market, and I think the price value will be move by this week in between
30k$ - 45k$ and I know a lot of the holders in crypto are wishing the market to turn into green again, but we also know too
that market is too unpredictable as well, so the best thing we can do for now is but to wait until the market move like a rocket
going to the moon.

[ebinoosha]

people always get carried away anytime the market is in bull run and thinks it will continue like that for long or they set a high target to take profits. we should always expect this as a trader for market to go up and down. red is normal in crypto so always prepare for it.

[Henrobakkara]

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

It is very cleared that we are already in bearish market, and I think the price value will be move by this week in between
30k$ - 45k$ and I know a lot of the holders in crypto are wishing the market to turn into green again, but we also know too
that market is too unpredictable as well, so the best thing we can do for now is but to wait until the market move like a rocket
going to the moon.

If you believe that then you are saying the market will not return to a Bull or upward trend again until like after 3years at least.
I don't see that yet because I do believe that the market is only in a correction stage as the market usually does after a huge rally up as we have seen in the recent past and that is healthy and we will definitely see a new ATH before the year 2021 end before we witness a proper Bear market.