Bitcoin and Ethereum at risk of serious losses

[kamilah147]

this is a condition we have to control our emotions in trading, every time an event occurs with crypto, whether the ups and downs of the market is a risk that we must face. The market doesn't always go up and it doesn't always go down. every time the market goes up, it will definitely find resistance and the market objective will again form a support line. those of us who invest in bitcoin and eth must be able to hold on for the long term, with market conditions like this, don't sell if you are still losing money.

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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.

Yes, if we have experienced an incident like this in the past, of course we will not panic anymore with an incident like this. Experienced traders are always optimistic about success in crypto, often surprises come unexpectedly. some of the analysis done is not accurate, but for the prevention of losses is to hold in the long term until the market pumps back.

[pkersey]

There is a worldwide deleveraging event occurring. We are in the covid hangover and have been for the last few months. There are tons of liquidations combined with shorting. Eventually the shorts have to cover their bets which should cause a rebound and then we are in a brand new market.

[amishmanish]

Bitcoin is on a course correction. As many alt coins have emerged in last year and many governments have bought stringent laws for regulation of crypto, the crypto is showing a bearish run. But eventually the speculative market will come to a dead end and the scam coins will die off. The investor will return back to bitcoin. More inclusion of bitcoin in formal economy will further strengthen the bitcoin and I believe that the best highs of bitcoin are yet to come

[fiulpro]

Now how is this important?
For the traders, for sure but for other holders it might not be matter a concern but it would actually be an *opportunity* for them to buy more coins in the market and trade at a better price since the market is honestly volatile and even if it goes down 8%, normally one can make 4% profit in few hours, therefore the way I see it, is not a bad time.
*It's not on a course of correction*
What correction are you talking about? There is a lot of updates regarding the bitcoin being accepted in many countries at the same time the mining is also being accepted world wide and some countries are also seeing government being engaging in the same..I think what we are about to see is much higher price sooner.

[FlamingFingers]

When people start making funny predictions like this.. That's when these guys will come in and pump the market a little, Liquidate shorts. Some counter trade the market sentiments. When the price of bitcoin was 41k and no one saw 35k as even possible, when every one must have sold there bags and ready for 30k and below then you will btc back to 50k zone. Manipulation at its peak, you just have to ride with them you can't beat them

[qwertyup23]

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.

I remember back in 2018, we had a similar scenario where the prices of most cryptocurrencies crashed on the market. Though there have been losses across millions of $$$, this indeed is a good opportunity to invest for either small or big-time investors. The 16% decrease on its price since the start of this year is not new- that is why I heavily recommend for users to start investing in this bearish phase for either short or long-term gains.

Again, volatility is what cryptocurrencies are known for. Rather than see this as a negative outcome, take this as an opportunity to invest and purchase more on the process.

[The Cryptovator]

Are we not familiar with this situation? The market is definitely in bear mode and bleeding hard. Isn't that an opportunity to accumulate more Bitcoin? This opportunity comes again and again, but we can't take advantage of that dump due to fear. That's our habit becomes negative when the market becomes red, many will predict a downtrend to spread FUD. No matter what is the reason for the current dump, this is an opportunity for us to make some profits. I am not worried really about the market, hope we can get the advantage of that.

[Mr.right85]

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..

After seeing your comment, I zoomed in on the chart to get a clear picture and from what I could deduce in the picture, it's a graph that looks at a 1day period for each candle and spans through several months.

What OP considered in this chart is places (high or low) where prize actually touched or retested from due to the activities of the other parties being the bulls or bears (depending of the prospective of analysis up or down) came in pushed prize back to where the candle closed on that period.

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

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

Your right on this, in predicting a low, you just get to watchout for breakouts on either the bearish trendlines and vice versa for bullish. Although, having th both just gives a full picture of what have happened in the market within a period.

About the fall, can we say it's what's happening right now and it's hoped to continue... its really bad seeing this blood stains in the chats but, the buying opportunity is set!

[naira]

Talking about Bitcoin growth one day is not enough buddy. We've already reached ATH this year. What should we achieve? Are you saying it didn't work? Come on, Bitcoin doesn't take you a day to learn how to show movement. On the other hand, I'm asking whether it was BItcoin that failed or it was you who failed to take the position?

Even if there is a deep correction, it is because the tide has changed. Are you not satisfied with a fantastic bull run? significant mass adoption, positive news everywhere. Do not compare the current decline with the improvement we have achieved so far.

[RealMalatesta]

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 

I do agree that there is a merit to the current situation and why it's down like this. I agree that the situation we are living right now could be a down moment and yes there are some people who are saying "I told so!" right now but you would be able to see any of them when it was 48k just recently, it wasn't that long ago, like maybe a month ago or so. Just realize that we are living in a moment when 30k+ is seen as "crashed" and how great that is.

I have to say I am feeling fine but that is probably because I bought way before the 2021 increase started, so as long as it is 20k+ I will feel fine. But you should be seeing me as an example of your own future if you buy now.

[wxa7115]

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.

For those that bought at a high level this is the perfect moment to do some DCA and lower the average price at which they bought their bitcoin.

For example if someone bought at 60k and then they can buy the same amount of bitcoin for 30k then their average price will be 45k, if they can buy double than what they bought at 60k then their average price will be 40k, this is important because while it may take us some time to reach 60k again, reaching 40k should be way easier and may be reached during the next months allowing those people to finally reach a point of equilibrium.

[24Kt]

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.

For those that bought at a high level this is the perfect moment to do some DCA and lower the average price at which they bought their bitcoin.

For example if someone bought at 60k and then they can buy the same amount of bitcoin for 30k then their average price will be 45k, if they can buy double than what they bought at 60k then their average price will be 40k, this is important because while it may take us some time to reach 60k again, reaching 40k should be way easier and may be reached during the next months allowing those people to finally reach a point of equilibrium.

I like the strategy you presented here. This is good for those who are holders that have more money to spare in this market and has strong belief that btc will bounce back anytime in the future. As we touched the 30k level and for those who bought at this point, they will already see their profits once btc reaches the 35k level. That is, if they will sell at that level. However, if someone can hold off and wait for much better market situation, you can easily get very handsome profits and cover the losses that you will have for buying the high price level. At the end, it is up to the holder how he can strategize to possibly avoid deep losses in this market. If you will just blame and not do anything, you will surely lose big time without a fight.

[topman21]

Reducing the abnormal prices in all markets is causing a lot of panic among those who have invested in cryptocurrencies.So far no one was able to send in the perfect solution, which is not strange.But keep in mind that the market will definitely go better. And those who want to invest, so you can invest or invest right now.The crisis moment must end and you will see something better.

[GreatArkansas]

Talking about Bitcoin growth one day is not enough buddy. We've already reached ATH this year. What should we achieve? Are you saying it didn't work? Come on, Bitcoin doesn't take you a day to learn how to show movement. On the other hand, I'm asking whether it was BItcoin that failed or it was you who failed to take the position?
(....)

+1. If you want a long-term perspective, we really must zoom out the charts and use a higher timeframe. To be honest, Bitcoin is a big player since the beginning. What we are experiencing now for sure is just a pullback that will make Bitcoin become natural and healthy. These dips are temporary.
Bitcoin is really proven since the beginning, with a huge percentage of loss from its all-time-high but still manage to create multiple all-time-high over the time.

[royalfestus]

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.

I dont like to argue about the market dominance of any coin but the longterm has alot to say as you said. I am not touching bitcoin again in my own opinion, bitcoin cant make 10x from any cycle with the current price again. The last bull market push 60x for ethereum ($80 to $4800) while bitcoin made just a little above 20x (3200-69,000). Vitalik made some bad and late decisions in market but he is targeting gas fee of $0.05 after hardfork which should make many come back to the smart contract and its trade

[Judy Bishop]

This is not the first time that the crypto currencies are experiencing a fall in prices. And I am hopeful that the market will recover soon. Bitcoin and Ethereum being the most valuable crypto currencies will surely bunch back and the value will be rising. So I would say it may not be a right decision to miss this opportunity as buying low is the sign of a wise investor.

[Lubang Bawah]

Bitcoin and Cryptocurrencies are a very risky investment type, such as a few days that makes many investors panic so that it sells Bitcoin, this is what makes us must be wise and understand the risk when we invest in Bitcoin, the higher the chance of profit, the chances for loss are also high .

[pooya87]

The last bull market push 60x for ethereum ($80 to $4800) while bitcoin made just a little above 20x (3200-69,000).

If you want big pumps then why bag hold a shitcoin for years to get a large profit? There are shitcoins that get pumped massively in a much shorter time. For example in the past 24 hours a shitcoin called SAFU got pumped 3100%

Vitalik made some bad and late decisions in market but he is targeting gas fee of $0.05 after hardfork which should make many come back to the smart contract and its trade

Vitalik was promising ETH fees to never go above 5 cents from the day he created his shitcoin. He never answered why fees went to $50 though. The hardfork is just a way to give him money because he owns a big portion of the 72 million premine and PoS rewards those who hold more of the shitcoin.

[Argoo]

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.

I dont like to argue about the market dominance of any coin but the longterm has alot to say as you said. I am not touching bitcoin again in my own opinion, bitcoin cant make 10x from any cycle with the current price again. The last bull market push 60x for ethereum ($80 to $4800) while bitcoin made just a little above 20x (3200-69,000). Vitalik made some bad and late decisions in market but he is targeting gas fee of $0.05 after hardfork which should make many come back to the smart contract and its trade

In the cryptocurrency market, there is time for price growth, but there is also time for long falls. Now we see a bear market and no one knows how long it can last. Experts predict a possible fall of bitcoin to $24,000. It looks like our dream of seeing more than $100,000 worth of bitcoin soon is being delayed again. Indeed, with a large price value, it becomes very difficult for Bitcoin to grow at times. Ethereum has a number of advantages in this regard with its relatively low price. In a few months, we will finally be able to see the updated network of this coin, and then, it is likely that its popularity will return to it again.