September 21. HUGE dump!

[AwoCorporation]

Yesterday I saw almost all assets turned red because of the dump that happened, dumps like this really need to happen, because it can be a good time to buy back quality coins at cheap prices, although on the other hand the dump that happened caused some people to suffer a lot of losses. but as long as we can be a little patient and wait for the recovery to happen, or for those who have the money to buy coins considering the lower prices will make the gains even bigger when the market starts to improve.

[magnum1010]

The fall is caused by overheating of the market and by the fear of many investors regarding economical problems around the world.  If you check stock market, you will see that this market is about to fall as well: SP&500 decreased by 1% the other day,one Chinese giant Evergrande may default on the bonds in the coming days. There is uncertainty regarding stimulus measures (QE) and changes in the US debt limit. That is why investors fleeing the market and risky altcoins first.

[realwhitewhidow]

it sure feels like a huge dump,   is beeing taken right ontop of my wallet 

[nimogsm]

More like a regular correction, I see no reason to panic, if there are fears prepare yourself usdt in advance and do not worry about it. If the market goes lower you will have dollars or buy bitcoin at a lower price.Growth cannot be eternal for such events, you always need to be prepared.

[Ekyfitri]

More like a regular correction, I see no reason to panic, if there are fears prepare yourself usdt in advance and do not worry about it. If the market goes lower you will have dollars or buy bitcoin at a lower price.Growth cannot be eternal for such events, you always need to be prepared.

I think panic is also mandatory for every crypto asset holder when he sees the market in correction. especially for those who trade assets or short-term investments. it is important to secure the value of our assets so as not to have too much impact on the correction. after stable conditions, we can re-enter the market by buying cheaper.
I think that sometimes panic makes a fortune for perpetrators who are not aware of the potential assets they hold.

[Cadaver20]

Crypto holders and traders should not panic so much. I think the correction of the market is going on now. Because we have seen the market doing a huge dump and gradually pumping again. So I think its time to buy altcoins now.

[tvplus006]

Huge dump means not totally crash. Maybe this onr is considered as correction. Yes its partially needed to have a good market outcome. Everybody who has panickinh right now will definitely gonna lose a lot of money. It is really shocking to see how many are already got scared of. If you trust your tokens and coins then just hold it. The market is not always on the upper limit, we must be patience also when it goes down. Well if you are not a trader then dont bother, only investors will understand that there is really nothing to get worried about.

This rule of holding the coin despite the price change applies only to long-term holders. Unlike holders, a trader must sell a coin at a high price and buy at a low price, making a profit from this. And waiting for the price to recover in this case is the wrong decision.

[goldkingcoiner]

Don't panic. Also please do not post anything that might send newbies into a selling panic. If you want to speculate you should post in the speculation subforums. That being said, I doubt we are done with the bull run in this year. When an entire country (EL Salvador) decides to make Bitcoin legal tender, you can stop worrying. Also Bitcoin is deflationary. So any short term dumps are not worth panicking over. At some point we will see a new ATH.

[dondonk]

Dump is a terrible moment I thought at first. but after a long time I experienced dump and pump momentum, dump is a good momentum to invest, especially in bitcoin. Of course we have to know the best point where we have to invest. until now I'm also still learning for it.

[liqidoxgen]

This Bitcoin crash is a great opportunity for me to buy more and increase my deposit again. Some time ago, I sold part of my savings in Bitcoins at a price close to 50k dollars and such market movements make me very happy today.

[cimoin2211]

The huge dump in crypto currency is a huge opportunity for huge profit where everything is in huge sale so don't waste time before the sale end.

[Cling18]

I don't actually see it as a huge dump. It's normal and it's a good thing that Bitcoin is sustaining a good phase. As for me, panicking has no place in this situation. It's the best time to accumulate good coins while the price is still low. I would prefer to take advantage of every dump like this.

[desticy]

Everyone has been waiting for a bear season for a long time, and such dumps are completely normal. However, the question is whether we will be able to enter the bear season and how long will it last?
This already happened several months ago, and everyone was sure that a downtrend had begun, but after a month the market recovered.

[Kelvinid]

Those who know how volatile the market is will simply consider all the dumps as a normal price correction. Maybe you are right OP, we can't be sure that it was just a sort of price correction, or that will be literally a start for the bear season. This gonna be just a sort of market speculation, yeah, we can't tell exactly what will happen next and most of us are very optimistic as these were just normal changes. Well, I hope so but can't be just so easy instead to keep prepared for it.

[Galley]

Rumors of a huge dump were slightly exaggerated. Rather, we can talk about the correction of bitcoin than about its fall before the start of the bearish season. The situation is, in principle, normal, we have seen this more than once.

[realwhitewhidow]

i have to say tho ...  reading around the forum has set my mind at ease as to it just beeing a correction, more than when i was just looking at the graphs go down ...   im a little more optimistic now

[riso2015]

The occurrence of dumps in almost all crypto assets at this time I don't consider it a big dump, because for me the dump that occurred I can still understand but whether other people's opinions will be the same as what I understand or not, what is clear is that after the current dump there will definitely be a time when all assets that are indeed strong and have a large community in the crypto market will recover, this is one thing that I hope will happen in the next month, the dump that happened is not always a sad news, even if we can take advantage of the dump that happened to buy some strong coins in the market, will provide many advantages when the market begins to recover, stay calm and observe all possible profits that we can get in the future.

This is all due to the panic of investors because of the issues out there. However , this is actually a good momentum for investors to buy at prices during a correction like this . Profit will be better than we buy it when the price rises . However, the panic was not contained and caused a deep correction for altcoin holders.

[Ararbermas]

The market seems to be bleeding now, Bitcoin is only down by 8% at the moment but major altcoins are down double digit.
https://coinmarketcap.com/

Will this be the start of the bear season?

We haven't witnessed a long and major dump this year yet, so seeing this might cause some panic especially on the altcoins holders as they are the ones who will significantly be affected since we know what would happen to altcoins if bitcoin struggles.

As per Binance exchange, the 24 hours low of bitcoin is $42500, so what's next?
https://www.binance.com/en/trade/BTC_USDT

the bear season started few ago mate, and most of the pattern is almost the same since market change direction, wherein bitcoin and some altcoin making the same pattern on this situation even though last night market was down - 8%. in fact even now as i checked it through trading view (binance exchange) still as is.
For me in my personal opinion so far this situation is not the same before that the market really plunges to the dip wherein it seems making a normal correction and seeking for the real support to keep hold until the bull came back. Because you know if market tends to collapse perhaps it already happened since crypto is fall of greedy and weak holder.. Just saying because that's what always happen even before. 

[SoeNan89]

Bitcoin and ethereum freefall in these 2 days.  All coins go down. What is happening with crypto assets now. As Bitcoin goes down all the other coins go down too. What bad news is what's going on in the cryptocurrency world.

[tazmantasik]

Incredible panic, until the average bitcoin and other altcoin holders secure their respective assets. This is why prices become corrections. But this is actually a good momentum for those who want to enter the market, because the price is going down and it's a sign that it's time to buy.