September 21. HUGE dump!

[el kaka22]

Everyone feels horrible when there is a dump, of course it is natural to feel bad when there is a dump, however let's get used to it already. There are times in the crypto world where there will always be big losses and big drops and we just need to learn to live with it. We are in prices that we never reached before, we are 2x of the 2017 ATH price, sure we have reached 64k at some point but realize that anything about 40k+ is more than 2x of what we used to have.

So, it is understandable that we should not be doing something that is irrational by just seeing it "drop" to 40k, that's still a ton of money. It is the investors that gets greedy and snobby when they see it drop, when in fact we should all be still quite happy that we are at 40k+.

If you do not enjoy the huge price we are in that we have never seen aside from 2021, then you will never be happy, you will forever want higher price, which can't happy at all times, we need to have some corrections like these to keep going.

[mr500]

This dump is not huge because more than down fall we see in the past . So I use to seeing this gracias money more times in the last year . But the expart analysis and after end of COVID-19 the cryptocurrency market will bull ran so do not be upset the golden period of crypto market will come soon .

[JooBra]

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.

I think stock market crashing has a impact on this dump. We will go back to track soon and reach new highs for sure.

[wxa7115]

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

We are not even below 40k so I do not think this is a sign to get worried, however I think there is a change that this is in fact a movement manufactured by the whales to scare people before the bull run that is coming at the end of the year.

If that is the case then there is a chance the price could go even lower and then they will buy all of those coins hitting the exchanges, and once that happens they could let the market finally do its thing, unfortunately it is impossible to know if this is true except by let the days go by and see what happens in the market.

[nikola22]

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.

but it's really hard to define the bottom of the correction. maybe BTC will go down to $29 000 as it was some time ago. some say it may fall even to $16 000.

[Almasani]

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

We can only hold all assets at this time because market conditions do not allow it to sell. Let's see two months later, I think the market will grow big. The bull run is not over yet even though the current state is being dumped. Prepare your dollars in large quantities to buy the next stage of crypto.
I will wait for the next two stages of the bull run, probably in December, and April 2022. I wouldn't worry about the current red market and hope crypto holders don't panic. So that you don't experience big losses if you have already bought at a high price.

[Questat]

This isn't a huge dump, this is a normal correction that we have been fond of. And if this is the sign of another season, we do not know. What we can be sure of is that there's a following recovery after this and I'm looking forward to that.
The time that the market has corrected, this is another good reason for everyone to start buying.

I would say it's huge because bitcoin is already down more than 10% and what worries me is that the dump still continues. I just check in the exchange I'm using (https://www.binance.com/en/trade/BTC_USDT), and the 24 hours low is already at $39k level, if this would not worry the short term investors, then they must be strong enough to believe that it will recover soon.

After bitcoin hits over $50k, and now it seems like it's going down again and probably it will go lower then this year's low if the trend continues.

The rumors are strong and it affected the price pretty bad.

[liqidoxgen]

Everything that a week ago seemed like a deafening dump, in fact resulted in a moderate correction. Nevertheless, I would not make any important decisions now because I do not see clear signals of the direction of the market movement. I will wait, caution will not hurt.

[Dinda mayasi]

The current condition will be predicted to continue until December because the market is experiencing a correction. Therefore, all market participants are expected to be patient for the next few months.Hopefully the ATH prediction will happen in the first quarter of 2022.

[tarable]

The current condition will be predicted to continue until December because the market is experiencing a correction. Therefore, all market participants are expected to be patient for the next few months.Hopefully the ATH prediction will happen in the first quarter of 2022.

Apart from being patient, there really is no better solution than that because the endurance to be patient is very different for everyone, so some people need to change direction during a period of correction in the market.

[GreenStox]

the market had a dump in september and made a lot of people panic. The information circulating said that it was because China had banned Crypto even though this information has often been heard and still has an extraordinary effect. for me this is a common thing before the bullrun ends. when the price falls, it is the right time to invest but by finding out info about the coin you want to buy. The dump that happened is great news for people who believe in a bull market at the end of the year.

[ethereumhunter]

The current condition will be predicted to continue until December because the market is experiencing a correction. Therefore, all market participants are expected to be patient for the next few months.Hopefully the ATH prediction will happen in the first quarter of 2022.

Apart from being patient, there really is no better solution than that because the endurance to be patient is very different for everyone, so some people need to change direction during a period of correction in the market.

Only patience that we can do during the bear market that we do not know when it will end. No matter how hard to have patience, we must do that because when the market has the next bull run, we will come back and make a big profit, which can delete our sad before. Hopefully, the market can back to the right track in the next month, which will come a few days later.

[naikturun]

I saw the market dump two weeks ago. I saw the $52k BTC price drop to $47k in no time. I was wondering, what's wrong? some sources say it is because of the issue of China banning crypto, which we have often heard about. if the bullrun continues, I think the red market is a big problem because the peak will occur at the end of the year and consider this problem as a springboard to fly high.

[timerland]

I think that most of the concern is from the Evergrande saga and the global collapse in equity prices.

I don't think that is cause for concern for most people to be honest.

People should realise that crypto and alts are its own asset class and shouldn't be affected by any other asset prices given its decentralized nature.

[Oceat]

I saw the market dump two weeks ago. I saw the $52k BTC price drop to $47k in no time. I was wondering, what's wrong? some sources say it is because of the issue of China banning crypto, which we have often heard about. if the bullrun continues, I think the red market is a big problem because the peak will occur at the end of the year and consider this problem as a springboard to fly high.

Those FUDsters will continue to bring that "China banning crypto" just to cover up their track as they dump their when the price is in the top. Then wait for the dip to buyback of what they just sold then the weak-hands will follow and it might look like a correction but it's what the market manipulation look like to me.

I don't think this is the time where the bear season will come if we look at the chart it's quite far to happen yet. But don't be so carefree but instead HODL if there's a huge dump especially if there's a devastating news that would suddenly dump the market.

[Dinda mayasi]

If there is a price correction in the market this is probably what is happening.Therefore, it is better for market participants who still have assets because prices are falling, please be patient and let it be when ATH goes up again next year. This is common, so it is important to recognize when this condition will be good or not. At least if I focus on one small coin asset, such as TRON for future assets.I'm currently also following Tron for next year's assets

[Doell]

but it's really hard to define the bottom of the correction. maybe BTC will go down to $29 000 as it was some time ago. some say it may fall even to $16 000.

So now have you seen BTC running at $29000? or at $16000 ? because now everyone is at the end of september with the market conditions not pumping very well, but i still see BTC running at $41000, so what joke are you saying?

maybe he saw some news from people media want a much deeper dump ,sometimes they don't think by saying fake news in the media to make people panic ,when in reality the crypto market is not that bad and that low especially bitcoin has big walls in many markets ,market forces and society are not as weak