Bitcoin and Ethereum at risk of serious losses

[Xampeuu]

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.

if you look at the bitcoin chart, I think around $30k is a strong support, but we are still waiting whether this time it really becomes a reversal or will it break again so the price drops again. I think that the next $20k will become support again. If you look at it previously, this area is an area that is resistant to become support, and has the potential to make a profit for traders. but again we can only predict it, if it's still wrong of course we have to prepare a plan B to take the risk

[royalfestus]

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%

SAFU is not my kind of coin although my objective is to make money and not join any coin maximalists. Some won't confess the mistake/regret of not buying Doge before the pump, whereas those who did made a fortune. I don't trust any maximalist because 90% of them just play to gallery, decieving people while buying the so called shit coins.

[FairUser]

Some of the things people don't realize are that the fact that wealth is all around us is just an excuse to mislead us. Society has always had so many different divisions. Let's evaluate the problem in many dimensions and place yourself where you are. I'm not too knowledgeable about macroeconomic issues, but some realities are happening that make me feel good about myself as well as grateful for everything else around me, so regardless of good or bad situations, don't let them control you. And what we're going on now is that we don't look very comfortable because every day the losses continue and the people who are already happy with the game are still looking for new opportunities in the future.

[Bodhinium]

Where is Bitcoin at? Here's my perspective with a Strenght Snapshot below on a 6 Day timeframe.

I exclusively look at a favorable combination of the profit zone, the strength snapshot, and the money flow.

1) Is Bitcoin in the profit zone to go long? No, it is not in the profit zone, the profit zone starts when the green line crosses up the white line on the chart.
2) Is the strenght snapshot moving up closer to 50? No, the strenght line is currently at 23 and crossed down the average strength line on April 1st (no joke) and is still red and moving down since then. USDT was favorable since April 1st.
3) Is the money flow positive? No, the money flow is far below 0 showing no strength at all.

In my opinion for Bitcoin to become somewhat into bullish terrain and reverse the downwards trend, the strenght line must move up the average strenght line, and be moving up closer to 50. The money flow must also be at least above 0, positive.

Always trade from a position of strength and don’t get rekt.

[TheNineClub]

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

I wouldn't put too much thought into this as it's not telling of long-term movements. Oscillations like this on shorter time scales happen all the time, sometimes it's spikes like the ones in June or July last year, and some are like this. And the movement itself is nothing strange for the position we are in right now because it just seems like crypto is trying to find its definitive foothold before gaining some momentum again. And this could be the case for the most part of 2022.

[crwth]

This would be true if many people wanted it to happen. There are no other people who would want that to happen except those who have a lot of money, to begin with. So they can buy more of it. You are saying the risk exists way before anything else, so it's still best to consider other ways to prevent that, right?

We all don't want risk, so we want to take advantage of the market by checking if they will go up in price. Other coins have been skydiving now, and that's the risk involved in investing, and that's just reality. We cannot predict 100%.

The best way to stay alive in the market is to be emotionless and stop losses.

[peter0425]

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%

SAFU is not my kind of coin although my objective is to make money and not join any coin maximalists. Some won't confess the mistake/regret of not buying Doge before the pump, whereas those who did made a fortune. I don't trust any maximalist because 90% of them just play to gallery, decieving people while buying the so called shit coins.

And that is only by chance , and maybe that is why he mentioned try to find shitcoins that can bring great return .
but since you are not maximalist then you'll be safe in your strategy to by legit currency that shitcoins.

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 .

Let them sell their Bitcoin and we will continue to keep hold, this is when we need to follow our support and never let FUD and dumping market make us panicking .

[Leviathan.007]

A few days and hours ago when this topic the created the op people were worried about bitcoin breaking the support area of 34K after breaking the area of 38K but today bitcoin is trading below the 30K price level which is a lot for many people but here there are some people they will start gathering the blood in the market and they will start increasing their bitcoin investing by using an amazing discount they got from the market, but on the other side of the story, some people are doing panic sell because they do not have a long term vision of the market, during these days people can choose to be on which side of the story.

[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 

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.

There was some sarcasm in my post and I meant that although bitcoin and ethereum are falling it doesn't mean that they won't rise again.
We have already seen worse in the history of bitcoin and these dumps are quite normal.
I have been buying and selling since BTC was at $3000 so it's not really a huge dump for me. 

[Marvelman]

/cut/
I have been buying and selling since BTC was at $3000 so it's not really a huge dump for me. 

Nonetheless, you suggest people stay away from the market for the time being. What is your recommended time for them to enter the market? Once bitcoin reaches $ 60k again?
I don't think that's good advice.

[pawanjain]

/cut/
I have been buying and selling since BTC was at $3000 so it's not really a huge dump for me. 

Nonetheless, you suggest people stay away from the market for the time being. What is your recommended time for them to enter the market? Once bitcoin reaches $ 60k again?
I don't think that's good advice.

I never said they should enter only when BTC is above $60k. Why would you even think that ?
Right now BTC is trading around $31k and so we should probably wait to see if there's no major dip again.
If bitcoin sustains this price and crosses $35k again then it will be a safe zone to invest some money.
We should make sure that BTC is sustaining the price above $35k to be on the safer side.

[Furious 7]

I never said they should enter only when BTC is above $60k. Why would you even think that ?
Right now BTC is trading around $31k and so we should probably wait to see if there's no major dip again.
If bitcoin sustains this price and crosses $35k again then it will be a safe zone to invest some money.
We should make sure that BTC is sustaining the price above $35k to be on the safer side.

Waiting is one thing that really has to be done now but there is nothing wrong with continuing to pay in installments at the price we want now, in my opinion, because this is indeed very cheap compared to the previous ATH so there is nothing wrong with buying regularly now. but indeed if your research shows that bitcoin will still go a long way as long as you are sure to wait at that price it doesn't really matter now because it is also profitable

[pawanjain]

I never said they should enter only when BTC is above $60k. Why would you even think that ?
Right now BTC is trading around $31k and so we should probably wait to see if there's no major dip again.
If bitcoin sustains this price and crosses $35k again then it will be a safe zone to invest some money.
We should make sure that BTC is sustaining the price above $35k to be on the safer side.

Waiting is one thing that really has to be done now but there is nothing wrong with continuing to pay in installments at the price we want now, in my opinion, because this is indeed very cheap compared to the previous ATH so there is nothing wrong with buying regularly now. but indeed if your research shows that bitcoin will still go a long way as long as you are sure to wait at that price it doesn't really matter now because it is also profitable

The price has dipped from $31k to as low as $27k since I made the previous post with the current price at $29k.
This is the dip I was waiting for and I think $25k - $29k is a really good range to buy some coins.
As you said, it's good to buy in installments i.e., buy some now and keep some fiat left if the price dumps further.

[MiF]

You will not loss if you didn't sell at loss, the only reason why people loss is that they always sell at loss during the market is in bear season specially when the price drop drastically manu new investors do panic selling that leads them to losing a huge amount of asset. Bitcoin and ethereum is a good coin and it is proven and tested coin so i think it is not the btc and eth that can cause losses, the problem is in the holder of the coin.

[ropyu1978]

You will not loss if you didn't sell at loss, the only reason why people loss is that they always sell at loss during the market is in bear season specially when the price drop drastically manu new investors do panic selling that leads them to losing a huge amount of asset. Bitcoin and ethereum is a good coin and it is proven and tested coin so i think it is not the btc and eth that can cause losses, the problem is in the holder of the coin.

your input is very reasonable, actually it's not bitcoin and ethereum that make losses, but we ourselves are not good at guarding, our mentality is not ready to accept all that, and we panic when the price drops, and we always think about it, and in the end we made the wrong decision, by selling bitcoin when the price fell, I have principles and I believe that after dark it will be bright, after red it will be green, before I enter the world of bitcoin I have prepared my mentality, so that it doesn't waver.

[ilovealtcoins]

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.

that's right. The current price drop is just a delay to bitcoin's rally, it may last but it won't last forever and bitcoin's dream of hitting 100k will come true when the bear season is over.  We need to be patient and not panic at this time.
If the ETH upgrade happens this year and succeeds then I think the market will break out of the downtrend soon and a bull season will soon come.

[pooya87]

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%

SAFU is not my kind of coin although my objective is to make money and not join any coin maximalists. Some won't confess the mistake/regret of not buying Doge before the pump, whereas those who did made a fortune. I don't trust any maximalist because 90% of them just play to gallery, decieving people while buying the so called shit coins.

That was a completely random shitcoin I used as an example, that died the next day and was replaced by another shitcoin to be pumped. For example today that shitcoin is called SSOL with a 2200% pump which is dying and is being replaced by another shitcoin.

The point is that if someone is looking to make profit in altcoin market they don't need to bag hold the most advertised shitcoin hoping for the possibility of some day making a small profit. They can make massive profit on a daily basis with pretty much the same risks.

There really isn't any fundamental difference between shitcoins like DOGE and ETH and the rest apart from the fact that these two are overhyped and overpumped since they had better luck and a much better advertising/pumping team than the rest.

[Furious 7]

In this case, they experienced a deep correction even in the support area they couldn't hold it, so if we look at them now they plunged to $28k but in this case of course we don't lose if we don't panic and sell immediately.
we only have a shortage in your portfolio and as long as you don't sell assets and continue to hold them while believing that they will return to the way they were before it's not a loss in my opinion because all we need now is to be patient and wait

[dataispower]

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 

From the level of the market going. Is good to buy any of the coins, but at the situation of bitcoin now is fusing in such that it red every thing time. You can buy low now and it continues to go lower. People is holding and brought when it's a 60,000 or 50,000 those people have lost alot of money. But the thing that will make them to gain it back is when they continue holding it until when every thing will rise and the profit will be get back. Because for now their in lost of investing in any of cryptocurrency. I understand the area of Fiat, are selling the fiat to get more coins? Or you are selling you coins to have fiat

[Ozero]

In this case, they experienced a deep correction even in the support area they couldn't hold it, so if we look at them now they plunged to $28k but in this case of course we don't lose if we don't panic and sell immediately.
we only have a shortage in your portfolio and as long as you don't sell assets and continue to hold them while believing that they will return to the way they were before it's not a loss in my opinion because all we need now is to be patient and wait

Bitcoin and ethereum are the leading coins in the cryptocurrency market. I do not think that something can happen to them, if only because there are no objective reasons for this. Of course, they can lose a lot of their value for a while. But it means practically nothing if we don't panic and make mistakes. Whoever holds these coins for a long time always wins.