Bitcoin and Ethereum at risk of serious losses

[Wimex]

The main digital currency has started this year with difficulties, after so many events worldwide, bitcoin has not managed to achieve the bullish objectives that many expected, was it is so much that have  15% loss and after this it has been exposed to large imbalances, it has gone from a maximum of $39,850 to a minimum of $36,665 in recent days, an event of great tension since breaking the resistance so as not to continue decreasing, would drag this to values ​​of $29,620 and $28,060, which would confirm the pessimistic predictions.

I find it impressive what is happening in recent days with Bitcoin, its bearish state is causing a stir among analysts,It is not known exactly what surprise it will bring us, and it is not only the case of this cryptocurrency, Ethereum is also facing this behavior and it is estimated that if both continue with this scenario they could go from a difficult situation to a critical, leading them to have greater and greater losses.

But as always, nothing is written and anything could happen with these coins, as discussed in cryptobriefing

given the high volatility in the cryptocurrency market, the bearish thesis could be invalidated. Bitcoin would have to reclaim $38,000 for a chance to make higher highs, while Ethereum would need to slice through the $3,270 resistance level to stage a bullish breakout

Now, I wonder what is the reason for this behavior? Why can't it go up to extremely high levels if it seems to be being used by more people?

Source: https://cryptobriefing.com/bitcoin-and-ethereum-are-at-risk-of-capitulation/?utm_source=feed&utm_medium=rss

[Jawhead999]

Why does you posted a different time frame charts of BTC and ETH? If you're using same time frame you'll see the charts are same.

Ethereum is also facing this behavior and it is estimated that if both continue with this scenario they could go from a difficult situation to a critical, leading them to have greater and greater losses.

The reason why this token faced same pattern because almost altcoins will follow Bitcoin, this is why ETH's chart is similar with BTC's chart. This token was supposed to overtake BTC on 2017-2018 where BTC goes crash and the domination is significantly drop. But since ETH can't overtake BTC, ETH will never overtake BTC even BTC will face a hard situation, ETH will always follow the same situation and wouldn't work otherwise.

Now, I wonder what is the reason for this behavior? Why can't it go up to extremely high levels if it seems to be being used by more people?

Because of those articles and so called professional analysis predict Bitcoin will face bearish season in this year, including you. That's why many people sold his Bitcoin and wait until it hit the bottom to buy the dip.

I find it impressive what is happening in recent days with Bitcoin, its bearish state is causing a stir among analysts,

[Fundamentals Of]

If you bought at the $60,000 level then you are already losing a lot. You may have even lost 50% of your money already. But everything is just paper loss. It cannot be the final value of your Bitcoin portfolio unless you decide to call it quits and sell them. So the best thing for now is to strengthen your hands and hold on. If you can successfully weather this storm, then you will eventually see a positive return of your investment sooner or later.

Volatility and unpredictability have been factors ever since. So people shouldn't be surprised.

[TheGhostMan]

As they say out there, let's not fall into madness. Of course, you don't have to be a genius to know that these cryptocurrencies are going through a critical moment and at the same time taking us with them... you can't know what is really happening, but if I'm sure of something, it's that sooner than later it will rise and hopefully more than expected since these have great volatility in the market.
We cannot despair and lose our peace of mind, if we feel fear it is advisable to remove a part and leave the rest, we have to see this as a long-term investment. since the only thing we can do is invest, support and wait for the benefits that will come.

[mk4]

So after like 6 straight weeks of red for the major cryptocurrencies and not to mention the S&P500 shitting the bed, this article writer thinks there will be more red as if it's some new discovered information lol.

[pooya87]

Why do you try to stick shitcoins to bitcoin?!!
Whenever bitcoin goes down all shitcoins including ethereum dump much harder. For example in the past 24 hours bitcoin dropped 1.6% while shitcoins like ethereum dumped 4+%. Not to mention that the long term dumps of shitcoins like ethereum are still massive, in this particular case it has lost more than 60% in the past 4 years consistently going down despite all the short term desperate pumps.

If you look at any other shitcoin, they are behaving similarly. So don't try to separate this particular shitcoin and stick it to bitcoin alone!

It is not known exactly what surprise it will bring us

Your mistake is that you think the surprise is the drop while forgetting all the things that led to the drop.
Months ago when I was surprised and was fighting those who insisted that after 13 years bitcoin should abandon not-following any markets and start following US stock market, you should have been worried and surprised not now that their FUD efforts have succeeded in convincing people to panic sell due to US stock market burning to the ground.

[yhiaali3]

This situation is not new, we have been in a bearish phase for about two months or more so it is not surprising that the price of Bitcoin will fall to this price and below as well, the same for Ethereum because it always follows the footsteps of Bitcoin, it is possible that this decline will continue below 30k$, especially after the US Federal Reserve’s decision to raise the interest rate, but this is not a problem with Bitcoin. It happened much more difficult than these things before, but Bitcoin managed to overcome all the difficulties and came back strong, so you do not have to worry, but you have to be more patient until the green color again.

[Lucius]

Bitcoin and ShitEthereum at risk of serious losses

Well, it's like you heard about Bitcoin for the first time yesterday, so you're talking about some losses as if it applies to everyone who has ever invested in Bitcoin. Only those who sell can be at a loss, provided they fall into the category of those who have not yet realized that it is not wise to invest at the time of the bull run. At the time of halving 2020 the value of 1 BTC was about $7000, and by the end of the year we already had about x4, a couple of months later x10. If you go back to 2016 and look at what was going on until the end of 2017, you may realize that some are constantly losing and others know how to profit.

Why do you try to stick shitcoins to bitcoin?!!

He is not doing this for the reason that he is personally convinced of it, but he has only copied a part of the article on the basis of which the entire post is composed anyway. Those who write things like this are not very intelligent, but neither are those who spread such propaganda on the forum.

[virtualdn]

Let's say BTC goes to $29.000. So what? Strong hands will still HODL. I'd purchase more right now because this is a great time to buy cheap. Everything is temporary and once BTC grows again don't come here to cry how you sold it for nothing. I've been through so many ups and downs since 2013 that such movements don't impress me at all. If I were you I'd sell the FIAT instead 

[franky1]

gotta love the people that zoom in on charts. and then draw meaningless lines

take the chart quoted above. that bottom black line is meaningless. because it is not attached to any price data related to the lows.. yet wants to define what the lows should be.. (very strange methodology)

what is done is they lined up the random speculative highs of the short period and then threw in a line below that parallels the highs.. it not attached to any bottoms of the last year.. also the 'scale' gap from the top line is not a justified amount either.. who chose the scale of the gap between the two lines..

what people need to do is to understand to never ever use the highs to then cry about the lows.

instead forget the high's.. pretend the highs dont exist.
and instead zoom out the chart. and then draw a line between the yearly lows.

and follow the lows along a line that corresponds to the lows. where by the line has actually something to do with the lows.and so is actually about the lows.

with that said..
bitcoin is safe within its known value window (no im not talking about the price chart of meaningless lines crap).
ethereum is about to detonate into PoS where their value window is going to drop 1000x

in short yes ethereum will crash its value when it POS's but bitcoin wont crash to anywhere near the same scale

[royalfestus]

Why do you try to stick shitcoins to bitcoin?!!
Whenever bitcoin goes down all shitcoins including ethereum dump much harder. For example in the past 24 hours bitcoin dropped 1.6% while shitcoins like ethereum dumped 4+%. Not to mention that the long term dumps of shitcoins like ethereum are still massive,

Ethereum might have done bad on a daily dump but had been surprising since market bear and still hold better from previous ATH at 50% compare with bitcoin at 52% dump. I believe the postponement of the hardfork has a bad effect on the coin, the prove of stake has a good effect on the token. It could be very bad when reward will start distribution but at the moment is doing better.

[franky1]

the prove of stake has a good effect on the token. It could be very bad when reward will start distribution but at the moment is doing better.

you are kidding me right
ethereum cost of mining right now is a couple thousand dollars per coin..
where then speculation(emotion/sentiment volatility) adds on another $500 (25%)

after the detonation into POS the cost of mining ethereum will be under a couple dollars. meaning a value drop of 1000x
where if the POS low cost mining is $2 then the speculative price would be 25% higher at $2.50

the change to pos will NOT be a good effect on the token

everyone POS acquiring new coin, where its costing them a very small fraction of daily electric just to keep their lame pc's online. will get mega profit selling their $2 cost coin for $2k+ initially which ends up with lots then selling that coin in a massive landslide.
do not expect ethereums price to remain at the $2.5k level for long, after detonation.
you are better off selling it now, investing in something else and if you really love ethereum buy it up super cheap after the detonation so that you can get multiple coin for the same money

[pooya87]

Why do you try to stick shitcoins to bitcoin?!!
Whenever bitcoin goes down all shitcoins including ethereum dump much harder. For example in the past 24 hours bitcoin dropped 1.6% while shitcoins like ethereum dumped 4+%. Not to mention that the long term dumps of shitcoins like ethereum are still massive,

Ethereum might have done bad on a daily dump but had been surprising since market bear and still hold better from previous ATH at 50% compare with bitcoin at 52% dump. I believe the postponement of the hardfork has a bad effect on the coin, the prove of stake has a good effect on the token. It could be very bad when reward will start distribution but at the moment is doing better.

Dude only the long term matters.
In 2017 bitcoin's ATH was $20000 and today it is sitting at $33000 while Shitethereum was 0.15BTC and is currently sitting at 0.07BTC. Short terms ALL shitcoins are surprising for example while everything is dumping these days a completely random shitcoin called LDO got 30% pumped in the past hour.

[NeuroticFish]

You took the timeframe that proves the theory, you drew the lines in a way to prove the theory.
You could have been easily drawn the lines in a couple of different ways getting to different conclusion/tone, without proving anything.

It's easy to talk about loses while the price is falling. If the price would be rising, you probably would have building up the chart different.



And now, everybody feeling gloomy about the price: just zoom out fully.

[Cryptomiles1]

Some years back when such events comes we feel is the last time for cryptocurrency because they went down drastically Even more than Bitcoin same time people panicking from all angles and making different analysis with their own ideology. I have this comfortability that is just a threat common threatening were the whales want to take over the market by causing serious distraction from it.
It is time to buy and hold bitcoin before the next movement and this may be the last point at which you could only buy 32k.

[Mr.sprin]

Does this year repeat like 2018, this is a great opportunity to buy bitcoin maybe the big whale is waiting for the lowest price and they buy bitcoin in large quantities and they store it in the long term, I'm also waiting for that opportunity and let the next one or two years regret not taking advantage It's an opportunity like now.

[tbct_mt2]

Why does you posted a different time frame charts of BTC and ETH? If you're using same time frame you'll see the charts are same.

They can have same fractal but they have difference changes in percent. Bitcoin falls will triggers massacre on the market. Ethereum is not an exception and when the market is bleeding, altcoins including Ethereum will suffer worse falls than Bitcoin.

Why do you try to stick shitcoins to bitcoin?!!
Whenever bitcoin goes down all shitcoins including ethereum dump much harder. For example in the past 24 hours bitcoin dropped 1.6% while shitcoins like ethereum dumped 4+%.

People think they can earn more with shitcoins than with Bitcoin. They don't know that Bitcoin is the strongest, the best and the leader of crypto market.

Not to mention that the long term dumps of shitcoins like ethereum are still massive, in this particular case it has lost more than 60% in the past 4 years consistently going down despite all the short term desperate pumps.

If you look at any other shitcoin, they are behaving similarly. So don't try to separate this particular shitcoin and stick it to bitcoin alone!

Shitcoins have worse performance than top altcoins like Ethereum in bear market. They get their values from hypes so when bear market is in, they lose their values very quickly.

[franky1]

bitcoin value window of 2021-2022 of $30k$70k still fits the price.. the price still fits inside this value window,

although this month new gen asics are arriving that are more efficient that have the potential to bring the value window of acquiring fresh coin down below $30k(for those with base level mining costs and if hashrate goes below 200exa).. the hashrate is rising which should bring that bottom into alignment with the window. and if the hashrate continues to rise so will the window

the price support of ~$38k broke because new asics came online meaning those with mining costs of $38k now have mining costs a little lower. meaning they can mine and sell for less..
this is temporary.

forget looking at market charts and drawing silly patterns especially if the lines are meaningless.
instead look at real fundamentals behind the scenes
and i mean mining costs of different regions and also different hardware.. i dont mean the speculative price altering drama of twitter.
the fundamentals help shape the support levels and the 'bottom' value.
forget about the price charts and the 'tops', because they are they are silly, speculative, volatile and random and unpredictable.

[pawanjain]

Bitcoin and Ethereum are falling and it has been quite some time now. There's nothing new to it.
We should just wait for a reversal to buy more and I guess until then it's better to stay away from the market.

P.S : Where are those people these days who say "I told you bitcoin is a scam and it will fall".
It's been quite some time since I have read those posts 

[awik p]

Bitcoin and Ethereum are falling and it has been quite some time now. There's nothing new to it.
We should just wait for a reversal to buy more and I guess until then it's better to stay away from the market.

P.S : Where are those people these days who say "I told you bitcoin is a scam and it will fall".
It's been quite some time since I have read those posts 

if we learn from the previous bearish season, there will be a lot of fud news popping up. on the other hand there will be many people who are afraid to buy, and experience panic selling. but whether this will continue, I think in time the bullish season will come and we can celebrate the victory of our patience. bitcoin if we look at Fibonacci, maybe around $26k for 61% points, and we can take the opportunity to buy