Are you taking advantage of this red market?

[crwth]

I wish I were able to take full advantage, knowing that it's totally red. I believe it can reach higher and more and more could probably get their piece at this price. It's really the trend that you could see rolling out. I believe that you could load up on as much coin as possible that you are willing to risk so that you would be able to have an exposure to profit.

[DeathAngel]

I don’t mind dumps when we are in a bear market & I have lots of spare fiat after selling during the bull so I can buy back cheap. The current dump/correction does nothing for me as I don’t have significant fiat to deploy so no, I’m not taking advantage of the current market situation, I am annoyed by it.

[Sayeds56]

I purchased Bitcoin at a low point around 58k and am now waiting for it to break through 61k, at which point I expect a rally up to 65-66k, based on my technical analysis. While it's always a good time to buy BTC, I anticipate a brief pullback or liquidity grab around 50k before a sustained move upward. In the meantime, participating in passive events can be a viable approach. Is this the event?

It appears as you have good understanding of technical analysis, how ever when it comes to Bitcoin experienced investors prefer to avoid day to day trading as it high unpredictable digital currency. The best approach is considered to accumulate Bitcoin by using Dollar Cost Average (DCA) and book profit in bullish market to yield substantial profit. The anticipated event you mentioned where Bitcoin could potentially surpass $66,000 is linked to the injection of liquidity expected when US treasury begins to buy back treasury bonds. DYOR

https://www.reuters.com/markets/us/us-treasury-keeps-auction-sizes-unchanged-through-july-launches-buyback-2024-05-01/

[andyou1234]

I think everyone will take advantage of the red market situation, where we can buy several altcoins that have great potential and popularity at low prices, of course these altcoins are in the top 10 cmc such as ethereum, binance,, polygon, ADA and XRP, in my opinion this altcoin can give you profits in the future.

[bitterguy28]

Well people might want to know that you guys think this is a perfect opportunity now to load up on BTC and ETH? I think people should take this as the perfect time to buy the dip while the dip exists now.

Bitcoin and ethereum ? why not there are other altcoins to serve your folio  \


but this is truly an advantageous to all of us investing in something like dumping market and now we are in bloody market that we can buy more when this is cheapest .

I think everyone will take advantage of the red market situation, where we can buy several altcoins that have great potential and popularity at low prices, of course these altcoins are in the top 10 cmc such as ethereum, binance,, polygon, ADA and XRP, in my opinion this altcoin can give you profits in the future.

have you mate? what did you add in your folio in this dumping market .

[Canva2020]

There are some mysterious things in the recent market, the market situation seems to be very difficult, due to the drop in bitcoin price, but I think there are some markets such as coin market cap and trade to mine on bitgate exchange that have good mining and trading, you  Joining various events and airdrops will be able to get some mining, but you think now is a perfect opportunity to load BTC and ETH, I think people should take this as a good time to buy the dip while the dip exists now.

[R1dwanRz]

There is no good investor that has the money to buy this current dip that won't take any advantage of it. The way I see it I believe the dip just got started. Actually, I was expecting bitcoin to drop to 45k when the halving started but it didn't. It took a week before we started seing this low price of bitcoin.

Heopefully i am still expecting the price to dip down to the 45k margin were i will now buy aggressively and add to the little i have already bought through DCA. Its a perfect time to buy just like any other time in the market.

Thankfully, I got the dip during the 57K price range. I bought the dip with whatever I had, and guess what? BTC has gotten back to 59K, aiming to reach the 60K price range. It won't take long to go even higher. Isn't it kinda unrealistic to have expected a drop to 45K? I mean, everyone knows what BTC is, and I'm sure a lot of people were jumping into the market to buy at this rate. I do like your patience though, not everyone has that kind.

True this is a buy dip now don't do it later instead it will be bullish because we never know, but unfortunately don't have USDT reserves to buy again but I will wait for the moment of decline again even though I have previously bought the price above from now on, this is not regret but the fiat reserves have been used up for other purposes.

At least I want to accumulate ETH a little bit because it is much more prospective than other altcoins, maybe some altcoins can be more than 10x after bullish but I think ETH will be better in its increase later.

I believe anyone should accumulate ETH before it goes high again. Not everyone has USDT since that's situation of yours.. I could sell some of my alts easily for BTC/ETH and wait for profits to come in.

[naira]

I think everyone will take advantage of the red market situation, where we can buy several altcoins that have great potential and popularity at low prices, of course these altcoins are in the top 10 cmc such as ethereum, binance,, polygon, ADA and XRP, in my opinion this altcoin can give you profits in the future.

People or investors who have taken big profits on Bitcoin ATH tend to channel their funds into altcoins, I think this has become their tradition. When the Halving is over, now is the time to pay attention to several altcoins which have great potential in enlivening the altseason. As usual we need to focus our research on several coins in CMC. This bear market provides a great opportunity to seek profits in the future. Altseason is definitely waiting in sight, starting with ETH then Solana + its ecosystem also seems to be making surprises again in the next few months.

[R1dwanRz]

I am also currently trading some BTC and ETH in a trade to mine event on Bitget to earn some BGB rewards.

I think this is your main concern but still, a good thread though about it because it's timely. Those that forget to take advantage of this time.
You have to get into the market while it's down because it won't take long until it recovers. I'm not expecting a quick skyrocket but recovery won't be that long.

That was timely, yes. I believe people shouldn't miss out on btc dips while checking out threads on the forum haha I hope it dips again so I could buy more, and as you may wanna know I am still trading btc and eth for this event as well.

I purchased Bitcoin at a low point around 58k and am now waiting for it to break through 61k, at which point I expect a rally up to 65-66k, based on my technical analysis. While it's always a good time to buy BTC, I anticipate a brief pullback or liquidity grab around 50k before a sustained move upward. In the meantime, participating in passive events can be a viable approach. Is this the event?
https://i.ibb.co/R29nBH8/IMG-20240501-WA0003.jpg

Yeah, this is the event I was mentioning earlier. I felt like it's an opportunity, along with the Bitcoin and ETH dips. Not to mention, you earn BGB for it. But yeah, I don't know if BTC can reach 50K again since that might take a long time in my opinion. However, if the news we're getting is really bad, I think we'll get there and can take advantage of the opportunity. It doesn't matter how low it goes – a dip is a dip.

[justdimin]

Many people will be alarmed by the decline of bitcoin but do not be that person and look at this as an opportunity. A good investor always finds an opportunity.

Absolutely, the new comers in cryptocurrencies market lose their confidence when they see Bitcoin falling 10% or more but experienced investors understand well that volatility of crypto market is it its inherent nature, and they consider it opportunity for accumulating Bitcoin on every significant dip to reduce their overall cost of investment, and ultimately book substantial profit in bullish market.

That is such a weak thing, I mean bitcoin always has ups and downs, if you lose your confidence in it because it went down 10%, how would people who has been here since last year, when it moved from 20k to 60k react? That's 300% increase versus 100% fall, I do not think that it would really mean that much.

The best way to go about this would be just assuming that you would not be able to make that much money, and just realize that bitcoin is the greatest asset that could make you profit more than any other asset in the world. Sure this comes with some volatility and you may not be always right about it, but realize that you are not going to end up with anything profitable if you stay away from it just because of a small drop.

[Solosanz]

Nope, I don't have any stable coins anymore.

I wish I have money right now, so I will try to gamble in few shitcoins since the price is keep declining.

I need to thank Bitcoin halving because Bitcoin halving make my shitcoins portfolio went halve to.

Since I'm not a fan to cut loss, I choose to hold my shitcoins until the price spikes which I don't know when it will happen, I will be fine since I'm currently not in needed.

[decodx]

Well, dips happen sometimes, right? Could be a small one, could be the next Great Depression.  Who's to say? I ain't no freakin' fortune teller! Trying to catch the absolute bottom? Good luck with that.  You'll probably just drive yourself crazy watching those graphs tick down minute after minute. 

Me personally? I'd put a little skin in the game if things look bad enough.  Not my life savings or anything crazy but enough that I'd kick myself if I missed a heck of a comeback and  sure its still risky, but so is crossing the darn street.  If it goes my way - awesome! If not - ah well, win some lose some.  At least I gave it a shot instead of twiddling my thumbs waiting for some magical perfect moment.  You gotta trust your gut sometimes.  The numbers only get you so far.

[Huppercase]

I know you guys will be asking me, why is this post when time's going out? To answer you, I'm already taking the dip. It's a good thing that some exchanges even started events, I am also currently trading some BTC and ETH in a trade to mine event on Bitget to earn some BGB rewards.

Well people might want to know that you guys think this is a perfect opportunity now to load up on BTC and ETH? I think people should take this as the perfect time to buy the dip while the dip exists now.

If you trading some coins, I don't think you are really taking the advantage of the market dump because as you are buying, you will be selling when you get a reasonable profits. What I will advice is you is that when you have a coin that you want to buy, you should buy them when the market dump and more when it dip through DCA, when the bull run comes later, you will love the experience of buying when everyone are scared to buy but you also need to buy the right coins.

Today, we had a lower higher from the previous dump but we might have more dump to the downside, another perfect time to buy more or best if you have more money just buy more as we deep, by the time the bull run might start, you wouldn't expect it or see it coming. Just be careful with the altcoins that you buy, some don't make it back to the top after the dump.

[kentrolla]

Nope, I don't have any stable coins anymore.

I wish I have money right now, so I will try to gamble in few shitcoins since the price is keep declining.

I need to thank Bitcoin halving because Bitcoin halving make my shitcoins portfolio went halve to.

Since I'm not a fan to cut loss, I choose to hold my shitcoins until the price spikes which I don't know when it will happen, I will be fine since I'm currently not in needed.

I am little surprise as you seems to be a risk taker and I would prefer the other way around as i wouldn't be investing into shitcoins and though I had some stable coins i didnt invest into shitcoins as i ad ad experience in the past as there are thousands software shit coins and only few will do massive pump like you have referred hence rather I invested into Solana when it was below $120.

[Yatsan]

Best thing to do is to either just hold or fill your bag with more potential tokens; this is the best way to take advantage of the crash lately. Will the market still recover? Will never be assured however due to the fact that the market price of crypto have climbed all the way up from the huge dip, makes it promising to continue hpping for a recovery. The crash is most likely because of market price consolidation and also with big investors taking profit from the previous uptrend. This is not the end lf the rally and it is better to look at it as a phase of accumulation in preparation with the upcoming trend. Many people are just worried because their expectations of bullrun to take place during the halving wasn't met.

Try looking at previous market charts during halving and you'd get an answer to whether bullrun has already ended or if things are just about to start.

[Jegileman]

Well people might want to know that you guys think this is a perfect opportunity now to load up on BTC and ETH? I think people should take this as the perfect time to buy the dip while the dip exists now.

We can’t tell how much dipper we can go but it’s always advisable to take advantage of the dip. The DCA method have made everything more easier and can be used to target the market at every dip. If you have some substantial amount of knowledge on bitcoin market fundamentals, you will be able to tell to at least close to prediction where the dip his or the price range it can fall into. But always make good use of anyone that comes around.

My focus in altcoins is Solana. An easy 100% from the current price ($125) if the market trend turns major bullish, and it attempts to go past its previous all-time high.

A potential altcoin I can always count on to invest into. I just like the Solana native token and it’s not a bad coin to hold in your portfolio for a very long time. With an investment in this coin, you’ll reap big profits at bull run, that is which I’m very confident about.

[Mpamaegbu]

I think people should take this as the perfect time to buy the dip while the dip exists now.

I like it when I see people with this mindset instead of panicking over nothing. Every major dip is an opportunity to get into the market and buy our favourite tokens. I've been doing that in bits. Until the last quarters of this year, I ain't going to be scared of holding a falling knife. Paper hands will regret not utilizing this buying opportunities they're getting now.

Many Bitcoin investors didn't envisage that price will go this dip, and now it's happening, if anyone has the funds to buy now, they don't need to hesitate and hoping that price will dip further, because the market is volatile, you don't know when price will start rallying upward.

Yes, that's true. Many didn't but those that did  saw this coming that price would dip after halving. That has always been the practise with Bitcoin circle. Bull run doesn't start immediately after halving. It takes a few months to kick off and that's why the impatient among those who feel buying Bitcoin is a shortcut to riches get discouraged and sell off prematurely in loss. Patience is key in this industry.

[Phoenixtrader]

Nope, I don't have any stable coins anymore.

I wish I have money right now, so I will try to gamble in few shitcoins since the price is keep declining.

I need to thank Bitcoin halving because Bitcoin halving make my shitcoins portfolio went halve to.

Since I'm not a fan to cut loss, I choose to hold my shitcoins until the price spikes which I don't know when it will happen, I will be fine since I'm currently not in needed.

BTC is up 63k rn, it's now on nevr on your shit coins hunt. Ahaha. Consider Katt though, I'm farming on Bitget's PoolX to earn it hourly. I'm also considering adding to my other meme bags. Let's hope btc doesn't tank to 53k before month end 😂😂. What's your honest assesment of BTC and probably memecoins market in the next 60 days?

[Bushdark]

I think we are in the dip currently and seeing the price of Bitcoin going bullish is a good news for everyone that bought enough tokens when the price was at 57k. There are still going to be other opportunities for us to buy and hold for a better rewards.
Is like very soon the price of Bitcoin is going to go bullish and exceed the all time high. I have been seeing different speculations of Bitcoin going bear, some days Bitcoin is going to go bull. The market sentiments are just different and is for us to choose the path that we want to see price goes.

[EarnOnVictor]

Well recently the market is in a bad mood. and I'm sure many of us are wondering why.  While there's no single answer, recent news suggests factors like Hong Kong ETF disappointments and the Fed's interest rate decisions are influencing Bitcoin's downward trend.

As we know, altcoins often follow Bitcoin's lead. This dip in BTC has also dragged down Ethereum and others, potentially creating excellent buying opportunities for those who might have hesitated before.

I know you guys will be asking me, why is this post when time's going out? To answer you, I'm already taking the dip. It's a good thing that some exchanges even started events, I am also currently trading some BTC and ETH in a trade to mine event on Bitget to earn some BGB rewards.

Well people might want to know that you guys think this is a perfect opportunity now to load up on BTC and ETH? I think people should take this as the perfect time to buy the dip while the dip exists now.

First, let me correct you that there is nothing like a Red market, that phrase denotes something that is more human-related, we should stop using words anyhow. The financial market has its terms, and the best one fitting for your title is a Bearish market.

Also, there is no other ETF saga that will be impactful like that of the US/SEC/Bitcoin impact that happened between late last year and early this year regardless of the country involved and the circumstances around it. So the ones you suggested above are not just the cause of the bearishness of the cryptocurrency market. However, the Federal Funds Rate could be contributory at times but the effect should be minimal compared to what we experienced. In my understanding judging by my experience in the market, the crypto market was overbought, there was a need for tangible correction, which coupled with the initial post-halving effect. This has now been priced in and the market may be returning up since the FED meeting of Wednesday helped out, and so are the important US news like Unemployment Rate, Average Hourly Earning and NFP. They are powerful news that all went against the US and the USD which is causing the crypto market to have a relief now.

Also, whether it is a bearish or bullish market, smart traders continue to earn money. This is unlike the blind follower who will only be arguing in favour of a bullish cryptocurrency market. That is not what will give me more money, but smart trading and investment.