Another red day

[poodle63]

its just elon's company dumping their investment and finally liquidating it, thats the thing with institutional investors, they eventually gonna liquidate all their assets and investment when their business decision tells them so.
it might looks massive at beginning but after sometime their dumping will also become massive too therefore things like this is of course to be anticipated but so far the market could contains it and its all fine.

going up and down the price of crypto currency is a common thing that I have often experienced so every trader must experience it.  the only positive thing I take when the price is dropping is to increase my holdings of the few coins I have whenever possible.

yes, thats should be the most logical thinking for someone that trying to take advantage of current circumstance after all in the future when bullrun is coming we could easily double or even triple our capital by just simply accumulating at bearish market in which we gonna get the best deal out there, when will we encounter heavily discounted assets? of course at times like this.

[irsykes]

its just elon's company dumping their investment and finally liquidating it, thats the thing with institutional investors, they eventually gonna liquidate all their assets and investment when their business decision tells them so.
it might looks massive at beginning but after sometime their dumping will also become massive too therefore things like this is of course to be anticipated but so far the market could contains it and its all fine.

going up and down the price of crypto currency is a common thing that I have often experienced so every trader must experience it.  the only positive thing I take when the price is dropping is to increase my holdings of the few coins I have whenever possible.

yes, thats should be the most logical thinking for someone that trying to take advantage of current circumstance after all in the future when bullrun is coming we could easily double or even triple our capital by just simply accumulating at bearish market in which we gonna get the best deal out there, when will we encounter heavily discounted assets? of course at times like this.

there's no mistaking it and let's not waste any time now, we are still given a big discount on the altcoin market. the time of high altcoins price altcoins has not happened yet and a bull run season may be far from the agenda. but from now on its good to hold altcoins long term. maybe tomorrow november will make the altcoins market green

[WatChe]

Its time to sit back, relax and hold your nerves. Normally people start selling there coins when they see market going in down word direction.

It is something day traders have always considered a good strategy to know when to stop losing; seeing the market go down unexpectedly makes them take some hard decisions, considering they never planned to hold their coins for a long period of time but just to trade and make profit. Panic selling always results in some losses, which they considered better than losing all.

But in whatever market condition we find ourselves in, there are always those who take advantage of it, as it creates the right opportunity for them to enter the market at their expected time, which anyone with spare funds should consider doing, but should make a better choice as not all altcoins always survive after a mass drop, which I don't see happening anytime soon.

Bitcoin is still moving haphazardly around 26k$ and it still looks that Bitcoin may regain its lost spot at 30k$. I think its good time to add some discounted Bitcoin to your portfolio. As Alts price are very much linked with Bitcoin and that's the main reason why alts are down too. Keep an eye on solid alts only (like top 10 om CMC). I would prefer keeping major portion in Bitcoin probably 80% in Bitcoin and rest in alts.

[Xampeuu]

Its time to sit back, relax and hold your nerves. Normally people start selling there coins when they see market going in down word direction.

It is something day traders have always considered a good strategy to know when to stop losing; seeing the market go down unexpectedly makes them take some hard decisions, considering they never planned to hold their coins for a long period of time but just to trade and make profit. Panic selling always results in some losses, which they considered better than losing all.

But in whatever market condition we find ourselves in, there are always those who take advantage of it, as it creates the right opportunity for them to enter the market at their expected time, which anyone with spare funds should consider doing, but should make a better choice as not all altcoins always survive after a mass drop, which I don't see happening anytime soon.

Bitcoin is still moving haphazardly around 26k$ and it still looks that Bitcoin may regain its lost spot at 30k$. I think its good time to add some discounted Bitcoin to your portfolio. As Alts price are very much linked with Bitcoin and that's the main reason why alts are down too. Keep an eye on solid alts only (like top 10 om CMC). I would prefer keeping major portion in Bitcoin probably 80% in Bitcoin and rest in alts.

80% in bitcoin is better for keeping our capital safe, and the rest in some of the top altcoins will add to our profit when the bull season comes. However, don't let it be reversed to put most of your capital in new altcoins, in which case we will bear a greater risk, and if bad things happen, our financial situation will be disrupted, because that is like a bet that is like a double-edged sword. therefore we must be wise in money management and of course not greedy, especially if the capital is large, it will also provide a satisfactory return

[Reatim]

Seems like a lot of major coins are down again, XRP, ADA, SOL, TRX, MATIC, LTC DOT, AVAX all of them are quite down today. Anyone knows if there was a specific reason for this drop, or was this just another one of those days. I am not worried by the way and neither should you, crypto prices sometimes falls like this and they just recover after a while and its natural part of the market. There is no UP without Down first and that's what we are seeing right now, we need to see the down like these days in order to appreciate the up when we get it. So do not be worried, its fine, I have no idea what caused it at all, but it will be gone in a week or two for sure.

still happening today mate as looking to the market   from the number 1 https://coinmarketcap.com/currencies/bitcoin/ bitcoin?
it seems that we will be having more of this drop in the coming days
though there are some growth since last night be another trap? this is a sad truth i believe but this happened already in the past

[lixer]

its just elon's company dumping their investment and finally liquidating it, thats the thing with institutional investors, they eventually gonna liquidate all their assets and investment when their business decision tells them so.
it might looks massive at beginning but after sometime their dumping will also become massive too therefore things like this is of course to be anticipated but so far the market could contains it and its all fine.

There is a thread in the forum that explains that Elon Musk or his company isn't behind the dip and there are other reasons why the market dumped all of a sudden. However, even if it's because of his company, that doesn't change anything and all we care about is the market and the prices of cryptocurrencies, whether it dropped because a country banned Bitcoin or because a company sold its Bitcoin holding, the eventual result is actually what matters the most.

For most of us, this is not something bad because we were tired to see the market being stagnant for so long, I was literally tired of seeing the same prices every single day for the last 6 months or so and I wanted to see at least some movement, though it's negative movement but it is at least something.

[JeffBrad12]

Seems like a lot of major coins are down again, XRP, ADA, SOL, TRX, MATIC, LTC DOT, AVAX all of them are quite down today. Anyone knows if there was a specific reason for this drop, or was this just another one of those days. I am not worried by the way and neither should you, crypto prices sometimes falls like this and they just recover after a while and its natural part of the market. There is no UP without Down first and that's what we are seeing right now, we need to see the down like these days in order to appreciate the up when we get it. So do not be worried, its fine, I have no idea what caused it at all, but it will be gone in a week or two for sure.

still happening today mate as looking to the market   from the number 1 https://coinmarketcap.com/currencies/bitcoin/ bitcoin?
it seems that we will be having more of this drop in the coming days
though there are some growth since last night be another trap? this is a sad truth i believe but this happened already in the past

the price swinging hard right now, I guess its the aftermath of elon musk's dumping their company accumulated assets as speculated above.
the thing is, I don't think that the sentiment towards the bitcoin market will be negative though overall bitcoin is still in bullish crossover as speculated by many people.
but i'd say i always have some spare money just in case to accumulate all the bitcoin that i could have. after all i really anticipated that there will be bullruns in the future.
maybe in few years but regardless its still bullrun and im patient enough to wait for my investment to grow.

[Sebas.tian]

Seems like a lot of major coins are down again, XRP, ADA, SOL, TRX, MATIC, LTC DOT, AVAX all of them are quite down today. Anyone knows if there was a specific reason for this drop, or was this just another one of those days. I am not worried by the way and neither should you, crypto prices sometimes falls like this and they just recover after a while and its natural part of the market. There is no UP without Down first and that's what we are seeing right now, we need to see the down like these days in order to appreciate the up when we get it. So do not be worried, its fine, I have no idea what caused it at all, but it will be gone in a week or two for sure.

I think, those coins you just mentioned has dump for their investors to experience bearish season in a way those that missed the opportunity to invest, will use this opportunity to invest on them and continue waiting for the bullish season to come before they can sell to make money. Dumping and pumping is natural in cryptocurrency market which you don't need to ask the causes of the dump, because there are some investors waiting for this bearish season to come like the way other investors are waiting for bullish market to come so that they can sell and wait for another bearish to come again. I think, demand and supply are the causing of bear and bull in the market, which potential investors don't use to panic whenever there is a bear or bull in the market than to use the right strategy to follow up with the market.

[Nwada001]

80% in bitcoin is better for keeping our capital safe, and the rest in some of the top altcoins will add to our profit when the bull season comes. However, don't let it be reversed to put most of your capital in new altcoins, in which case we will bear a greater risk, and if bad things happen, our financial situation will be disrupted, because that is like a bet that is like a double-edged sword. therefore we must be wise in money management and of course not greedy, especially if the capital is large, it will also provide a satisfactory return

Do you mean 80% of your entire wealth? If yes, please don't do that before you get stranded as a result of Bitcoin volatility in nature. To me, 80% of one's entire wealth is too much of a risk. Unless you mean 80% of funds that were set aside for investment purposes, then I can agree with the idea, as it entirely is not healthy and safe for one to cast all his eggs in one basket. As things do happen, no matter how secured we find those assets to be, it's still safer if we can apply some risk minimization measures.

[Kelvinid]

It is a red day still and more people are in panic, well, I hope they will think before selling.
We're not sure how long the situation will changege but yes, I was still positive and of course, I was thinking of the current situation as an opportunity for those who are not buying yet. Perhaps, this is time because after this we possibly surging high due to possible increase in demand as the BER months are coming and also, considering the halving will happen next year.

I was certain that where not heading to another bear season but for green day.

[fzkto]

It is a red day still and more people are in panic, well, I hope they will think before selling.
We're not sure how long the situation will changege but yes, I was still positive and of course, I was thinking of the current situation as an opportunity for those who are not buying yet. Perhaps, this is time because after this we possibly surging high due to possible increase in demand as the BER months are coming and also, considering the halving will happen next year.

I was certain that where not heading to another bear season but for green day.

It seems to me that those who sell coins are not very many now. Now is a good opportunity for those who know how to make money on margin positions. For such people it does not matter whether it is bear or bull season. The main thing is to be able to see the trend and make money on it. But of course after the next fall there will be a new growth.

[someone703]

It seems to me that those who sell coins are not very many now. Now is a good opportunity for those who know how to make money on margin positions. For such people it does not matter whether it is bear or bull season. The main thing is to be able to see the trend and make money on it. But of course after the next fall there will be a new growth.

But what I see is that we are still in a downtrend and there is not a big impetus to get out of this zone, there is an expectation in the near future 2024 2025, but that is a story for later. And the volatility of the crypto market we can all feel, personally I don't think it's a good time to apply margin, large volatility and not much money flowing into the market will only make for us to be stuck rather than get good results, it is still better to accumulate DCA spot.

[sana54210]

there's no mistaking it and let's not waste any time now, we are still given a big discount on the altcoin market. the time of high altcoins price altcoins has not happened yet and a bull run season may be far from the agenda. but from now on its good to hold altcoins long term. maybe tomorrow november will make the altcoins market green

This is the saddest part, a lot of people will waste that time. There is a reason we are down, there were a lot of people who sold their coins, which means that when the price is low, they are selling their coins and making a loss. I would highly suggest everyone to buy it instead of selling it.

We are doing fine right now, the price is fine, this is not a huge crash, it is doing not that far aoff from what it was a week or two ago, we can go back up in a few days if there was a bull rush, which it does happen time to time and we do not know if it will happen again as well. I think it is quite important to make as much profit as we could possibly do, and that is why I am sure that it will not be a problem for any of us.

[wxa7115]

there's no mistaking it and let's not waste any time now, we are still given a big discount on the altcoin market. the time of high altcoins price altcoins has not happened yet and a bull run season may be far from the agenda. but from now on its good to hold altcoins long term. maybe tomorrow november will make the altcoins market green

This is the saddest part, a lot of people will waste that time. There is a reason we are down, there were a lot of people who sold their coins, which means that when the price is low, they are selling their coins and making a loss. I would highly suggest everyone to buy it instead of selling it.

We are doing fine right now, the price is fine, this is not a huge crash, it is doing not that far aoff from what it was a week or two ago, we can go back up in a few days if there was a bull rush, which it does happen time to time and we do not know if it will happen again as well. I think it is quite important to make as much profit as we could possibly do, and that is why I am sure that it will not be a problem for any of us.

And that is the thing, there is not really any fundamental reason for the drop, so most likely the price will recover soon, so anyone investing now can easily get some small profits without even trying.

But even more importantly, when you buy for a good price and then there is a small recovery soon afterwards, it becomes way easier to hold your coins, as it is easier to hold your coins when you have booked a small profit than when you are suffering a big loss.

Also I find it very unlikely bitcoin will keep going down and touch 20k, meaning that this is probably as low as the price can go, and what can be better than to buy at the bottom of a dip?

[fzkto]

It seems to me that those who sell coins are not very many now. Now is a good opportunity for those who know how to make money on margin positions. For such people it does not matter whether it is bear or bull season. The main thing is to be able to see the trend and make money on it. But of course after the next fall there will be a new growth.

But what I see is that we are still in a downtrend and there is not a big impetus to get out of this zone, there is an expectation in the near future 2024 2025, but that is a story for later. And the volatility of the crypto market we can all feel, personally I don't think it's a good time to apply margin, large volatility and not much money flowing into the market will only make for us to be stuck rather than get good results, it is still better to accumulate DCA spot.

I don't know what trend you're talking about. I see bitcoin has been rising all this year and now the price is almost double what it was in January. There may have been a slight downturn in the last few months, but it's probably more of a sideways movement.

[someone703]

It seems to me that those who sell coins are not very many now. Now is a good opportunity for those who know how to make money on margin positions. For such people it does not matter whether it is bear or bull season. The main thing is to be able to see the trend and make money on it. But of course after the next fall there will be a new growth.

But what I see is that we are still in a downtrend and there is not a big impetus to get out of this zone, there is an expectation in the near future 2024 2025, but that is a story for later. And the volatility of the crypto market we can all feel, personally I don't think it's a good time to apply margin, large volatility and not much money flowing into the market will only make for us to be stuck rather than get good results, it is still better to accumulate DCA spot.

I don't know what trend you're talking about. I see bitcoin has been rising all this year and now the price is almost double what it was in January. There may have been a slight downturn in the last few months, but it's probably more of a sideways movement.

You're using the start of 2023, and I'm talking about the time from the nearest ATH to the present. Personally, I also see that the market price has increased over time from the beginning of the year to now, but it is clear that prices have fluctuated a lot lately, I also understand you mentioned the possibility of sideways but not sure. How long will it take, I speculate it will soon decline in the near future, and there will be a more positive signal for the price to rise again by the end of 2023.

[irsykes]

there's no mistaking it and let's not waste any time now, we are still given a big discount on the altcoin market. the time of high altcoins price altcoins has not happened yet and a bull run season may be far from the agenda. but from now on its good to hold altcoins long term. maybe tomorrow november will make the altcoins market green

This is the saddest part, a lot of people will waste that time. There is a reason we are down, there were a lot of people who sold their coins, which means that when the price is low, they are selling their coins and making a loss. I would highly suggest everyone to buy it instead of selling it.

We are doing fine right now, the price is fine, this is not a huge crash, it is doing not that far aoff from what it was a week or two ago, we can go back up in a few days if there was a bull rush, which it does happen time to time and we do not know if it will happen again as well. I think it is quite important to make as much profit as we could possibly do, and that is why I am sure that it will not be a problem for any of us.

And that is the thing, there is not really any fundamental reason for the drop, so most likely the price will recover soon, so anyone investing now can easily get some small profits without even trying.

But even more importantly, when you buy for a good price and then there is a small recovery soon afterwards, it becomes way easier to hold your coins, as it is easier to hold your coins when you have booked a small profit than when you are suffering a big loss.

Also I find it very unlikely bitcoin will keep going down and touch 20k, meaning that this is probably as low as the price can go, and what can be better than to buy at the bottom of a dip?

right, the basic calculation is the main thing to start from where we buy altcoins from the specified price to the target to sell. lots of news about investors selling coins held and bitcoin volume there hasn't been a big increase, if bitcoin still has another big correction reaching a price of 20k maybe november will be the month people hope to repeat like the previous year's history or vice versa

[WatChe]

80% in bitcoin is better for keeping our capital safe, and the rest in some of the top altcoins will add to our profit when the bull season comes. However, don't let it be reversed to put most of your capital in new altcoins, in which case we will bear a greater risk, and if bad things happen, our financial situation will be disrupted, because that is like a bet that is like a double-edged sword. therefore we must be wise in money management and of course not greedy, especially if the capital is large, it will also provide a satisfactory return

Only invest what you can afford to lose in crypto and best strategy is to invest your sulphurous cash into Bitcoin. The reason I invest major portion in Bitcoin is because it moves the market. You will never see Eth or other Alts going up on there own rather they will move up only when Bitcoin goes up. So why investing in Alts, if they cant move up on there own. Just pull out whenever you are getting adequate profit, that's golden principle of every trading market.

[bitgolden]

80% in bitcoin is better for keeping our capital safe, and the rest in some of the top altcoins will add to our profit when the bull season comes. However, don't let it be reversed to put most of your capital in new altcoins, in which case we will bear a greater risk, and if bad things happen, our financial situation will be disrupted, because that is like a bet that is like a double-edged sword. therefore we must be wise in money management and of course not greedy, especially if the capital is large, it will also provide a satisfactory return

Only invest what you can afford to lose in crypto and best strategy is to invest your sulphurous cash into Bitcoin. The reason I invest major portion in Bitcoin is because it moves the market. You will never see Eth or other Alts going up on there own rather they will move up only when Bitcoin goes up. So why investing in Alts, if they cant move up on there own. Just pull out whenever you are getting adequate profit, that's golden principle of every trading market.

This is definitely the right approach, if you could invest what you think would be the best then you are going to end up with no trouble. If you invest with debt like loan or something then you are going to end up with a terrible result.

This is why most people should consider that to be important, always invest with money you are going to be able to just wait it out when it is a red day, if you have money that you can't wait it out then it is going to be a trouble for you on the long run. Obviously some people do silly things, like they end up getting a loan, and then invest that into bitcoin or even lower cap alts, and that ends up being a trouble when they lose it because they can't pay the loan back as well and cause trouble.

[JeffBrad12]

I don't know what trend you're talking about. I see bitcoin has been rising all this year and now the price is almost double what it was in January. There may have been a slight downturn in the last few months, but it's probably more of a sideways movement.

well honestly thats true, people are too fixated on bitcoin reaching the new all time high again they forget that bitcoin quite literally rising from its lowest point and doubled the value already.
I think people are just being too much in this case.
recovery and doubling the all time low is already good enough after such massive correction that was prominently being caused by the collapse of many companies.
at least we still have hopes that in the future we'll still have the chance of seeing bullrun.
otherwise its gonna be grim future for bitcoin.