Cryptocurrencies fall sharply

[betswift]

What collapsed was Bitcoin and all cryptocurrencies continued to collapse due to the impact of Bitcoin. Ethereum performed poorly compared to BTC and USDT and wiped out all the gains of the ETF. The support lines are at 2300 and 2100, if Bitcoin drops further then the problem will be.

it's mainly because some entity is dumping ETH massively that's why it performs worse than BTC but BTC also has its share of dumping as well in the past so it's understandable.

at least right now the ETF NET INFLOW is positive so it's a relief



but if BTC crashed again it will touch $2100 again though I guess.

Interesting facts, thank you! It's also the fact that the liquidations on ETH have become more frequent recently, thus, big hands focus on it, in my opinion. We shall see the changes somewhere in September or October.

[Emitdama]

And this is something that you should really be having such approach on which you wont really be that making use of the money on which you cant afford to lose because on the time that you would really be doing so then on the time that the market will really be having that correction then you would really be ending up on panicking on which it might cause up for you to sell out your position despite of that deep negative on which its not really that good at all. Instead on freaking out on seeing declining prices, it will really be that ideal that you should at least having that USDT stored up into your trading account and buying up those coins which are on sale. We do know that when it comes into this aspect then we do have at least that kind of possibility that you could really be able to make profits on the moment that the market will really be making some u-turn.

People do usually make up those short term projects when it comes into their holdings on which on the time that they are seeing some decline then they would gonna tend to cut lose as if it was nothing.
You wont really be able to make yourself sustain into this market if you would really be having this kind of behavior. This is why it would really be survival of the fittest and if you arent that good
when it comes to emotional aspect then you wont really be able to survive or sustain. This is why being versatile would really be that crucial.

'Not making use of the money' can sound like residual amounts only but when we say 'amounts that one can't afford to lose', these amounts must be high enough. I think panicking doesn't really depend on the amounts involved or whether it is high or low but it depends on the person's guts. There are just people that even they only risk small amounts, their worries are still there and then there are also people that even if they already risk huge amounts, their confidence is still at the top.

I admire this one but still, it would be better to just stay only within our limits because we can not control the market and confidence can't do much once the market already showed its wrath. Correction is only a small decline on the price right after an increase, so I find it funny if someone will panic through it, lol. If it was a bear market or a dip, then that is justifiable.

When it comes to hodling or investing, people usually go for the long-term, so only a few or only those who are new on this business are the ones who prefer short-term projects. I only think that they are losing most of the times. I can only hope that they can wake up soon that being a millionaire on those types of projects are just a mere dream only.

[kbhutto]

The sharp decline in crypto values ​​in recent months provides a new opportunity for traders to go long term by holding on to altcoins that have good potential. If we had experienced the same thing in the previous year, we would definitely not be surprised by the plummeting price of crypto, it is normal that every time a halving occurs, there will soon be a bullish market in altcoins, for me this is a good moment to buy lots of altcoins and save them for the long term to wait bullishness arrives.

[betswift]

The sharp decline in crypto values ​​in recent months provides a new opportunity for traders to go long term by holding on to altcoins that have good potential. If we had experienced the same thing in the previous year, we would definitely not be surprised by the plummeting price of crypto, it is normal that every time a halving occurs, there will soon be a bullish market in altcoins, for me this is a good moment to buy lots of altcoins and save them for the long term to wait bullishness arrives.

I wait for October to bring more news and signals for it to come. Green tide is coming and I am hoping for it

[justdimin]

The sharp decline in crypto values ​​in recent months provides a new opportunity for traders to go long term by holding on to altcoins that have good potential. If we had experienced the same thing in the previous year, we would definitely not be surprised by the plummeting price of crypto, it is normal that every time a halving occurs, there will soon be a bullish market in altcoins, for me this is a good moment to buy lots of altcoins and save them for the long term to wait bullishness arrives.

There is a good chance that long term will be a big increase but there is also a chance that we are going to see the long term be different as well, it's not going to be all that easy to handle and we could see this change a bit more.

I understand that it may not be all that great, we are going to see some changes here and there, but that doesn't mean that we need to look at it any differently. We need to focus on the fact that the short term is the only thing that matters in a futures trade, so while it could be 100k in a month, which would be awesome, it still doesn't mean you will profit if it drops a bit tomorrow, because that's what futures are all about and I can't say what it will do from now until tomorrow.

[dunfida]

The sharp decline in crypto values ​​in recent months provides a new opportunity for traders to go long term by holding on to altcoins that have good potential. If we had experienced the same thing in the previous year, we would definitely not be surprised by the plummeting price of crypto, it is normal that every time a halving occurs, there will soon be a bullish market in altcoins, for me this is a good moment to buy lots of altcoins and save them for the long term to wait bullishness arrives.

I wait for October to bring more news and signals for it to come. Green tide is coming and I am hoping for it

Pretty sure that everyone is really that waiting up for the month of October on which if we do tend to look up on how it performs into those previous years then we could be able to tell that it is really that something on the green side but we shouldn't really be removing into our minds that possibilities of being different will always be there or simply lower up your expectations because we wont know if there would be some bad news that might affect out that bullish momentum on that particular month on which instead on seeing green then we might be seeing some reds and this is something that we put up into our minds. Expect the unexpected on which i do agree on some points above that no one ever knows on what will happen in the future because even though we seen some patterns but doesnt mean that it will really be happening again into the next one. Somehow you cant be able to stop people on to thinking up this way because you do know that it did happen in the past then it could possibly happen in the future. The important thing on dealing up with crypto is that you should expect on whatever possibilities that could happen along the way on which on the moment that you do find yourself get caught on the volatility then you should really be that versatile on doing appropriate steps
in terms of handling out volatility.

[shinratensei_]

I wait for October to bring more news and signals for it to come. Green tide is coming and I am hoping for it

the sentiment really comes at play in this month, people got that superstition that BTC gonna be down so bad they started dumping early into september, honestly it's nothing more than just a superstition.
however if RSI index below 30 in this september, in october I believe will be a good month.

gonna be joining the bandwagon of longing BTC at october as well like anyone else. right now, the market is very uncertain.

my strategy is if RSI < 30 and BTC below $54k its instant buy at the end of september for me.

[betswift]

I wait for October to bring more news and signals for it to come. Green tide is coming and I am hoping for it

the sentiment really comes at play in this month, people got that superstition that BTC gonna be down so bad they started dumping early into september, honestly it's nothing more than just a superstition.
however if RSI index below 30 in this september, in october I believe will be a good month.

gonna be joining the bandwagon of longing BTC at october as well like anyone else. right now, the market is very uncertain.

my strategy is if RSI < 30 and BTC below $54k its instant buy at the end of september for me.

Sounds gud! Thanks for sharing your view on it, much appreciated. Accumulating BTC is a must during periods like that (and always, really ), I support you.

[FortuneFollower]

I wait for October to bring more news and signals for it to come. Green tide is coming and I am hoping for it

the sentiment really comes at play in this month, people got that superstition that BTC gonna be down so bad they started dumping early into september, honestly it's nothing more than just a superstition.
however if RSI index below 30 in this september, in october I believe will be a good month.

gonna be joining the bandwagon of longing BTC at october as well like anyone else. right now, the market is very uncertain.

my strategy is if RSI < 30 and BTC below $54k its instant buy at the end of september for me.

Sounds gud! Thanks for sharing your view on it, much appreciated. Accumulating BTC is a must during periods like that (and always, really ), I support you.

It's essential to do it naturally and constantly, that way, the results will appear in no time. It's interesting to look after the market nevertheless, and I would buy BTC no matter the price in any month, just the fixated amount.

[Silberman]

the sentiment really comes at play in this month, people got that superstition that BTC gonna be down so bad they started dumping early into september, honestly it's nothing more than just a superstition.
however if RSI index below 30 in this september, in october I believe will be a good month.

gonna be joining the bandwagon of longing BTC at october as well like anyone else. right now, the market is very uncertain.

my strategy is if RSI < 30 and BTC below $54k its instant buy at the end of september for me.

There are a lot of people out there wasting their time being on the fence about bitcoin, when the reality is that this is the perfect moment to accumulate all the bitcoin they can, since it is unlikely that once the price begins to gain momentum we will see the current levels for months or years, and then once that happens those same people will lament themselves about this mistake, when in fact they are the only ones responsible for it, even if they will refuse to ever admit it.

[betswift]

the sentiment really comes at play in this month, people got that superstition that BTC gonna be down so bad they started dumping early into september, honestly it's nothing more than just a superstition.
however if RSI index below 30 in this september, in october I believe will be a good month.

gonna be joining the bandwagon of longing BTC at october as well like anyone else. right now, the market is very uncertain.

my strategy is if RSI < 30 and BTC below $54k its instant buy at the end of september for me.

There are a lot of people out there wasting their time being on the fence about bitcoin, when the reality is that this is the perfect moment to accumulate all the bitcoin they can, since it is unlikely that once the price begins to gain momentum we will see the current levels for months or years, and then once that happens those same people will lament themselves about this mistake, when in fact they are the only ones responsible for it, even if they will refuse to ever admit it.

I totally agree.
It's essential to use the opportunity we have here in the moment.
You won't be able to replay your cards for some years again, thus, it's natural to keep accumulating BTC while you can and it doesn't gain momentum, as you said.

[CoinFoxs]

Simple rule of trading, if you have started with a low capital then go for long term investment you will get handsome profit in longer run and if your capital is high then choose short term investments you can easily get good profit in a week or so. Fluctuation is normal in cryptocurrency so don’t be panic just plan your trade wisely and wait for the right time and then decide when to sell or buy.

[fikrett]

Simple rule of trading, if you have started with a low capital then go for long term investment you will get handsome profit in longer run and if your capital is high then choose short term investments you can easily get good profit in a week or so. Fluctuation is normal in cryptocurrency so don’t be panic just plan your trade wisely and wait for the right time and then decide when to sell or buy.

I would call it a choice between stability and profits at stake.
Going long-term - time is mostly at stake if you invest in the big guys on the market. You won't see 5-8-15x profits, but you don't really need to. If you choose the long run, you've also chosen the stability of your investment.
Going short-term - possibility of bigger X's, especially, with new alts and memes, but risks are much higher, and that's everybody's responsibility to take.
That's how I see it.

[South Park]

Simple rule of trading, if you have started with a low capital then go for long term investment you will get handsome profit in longer run and if your capital is high then choose short term investments you can easily get good profit in a week or so. Fluctuation is normal in cryptocurrency so don’t be panic just plan your trade wisely and wait for the right time and then decide when to sell or buy.

I would call it a choice between stability and profits at stake.
Going long-term - time is mostly at stake if you invest in the big guys on the market. You won't see 5-8-15x profits, but you don't really need to. If you choose the long run, you've also chosen the stability of your investment.
Going short-term - possibility of bigger X's, especially, with new alts and memes, but risks are much higher, and that's everybody's responsibility to take.
That's how I see it.

Very often we see a lot of investors choosing the second option over the first one and they regret their decision, because on their quest to try to make money, they take risks that are too high and that they cannot possibly control, and this is a mistake as very often the results are not worth the risk taken, it is why I prefer to take the smallest risk possible, since even if the profits are limited on that case, at the same time the risk is much lower and I only need to wait for long enough in order to get the results I want.

[fikrett]

Simple rule of trading, if you have started with a low capital then go for long term investment you will get handsome profit in longer run and if your capital is high then choose short term investments you can easily get good profit in a week or so. Fluctuation is normal in cryptocurrency so don’t be panic just plan your trade wisely and wait for the right time and then decide when to sell or buy.

I would call it a choice between stability and profits at stake.
Going long-term - time is mostly at stake if you invest in the big guys on the market. You won't see 5-8-15x profits, but you don't really need to. If you choose the long run, you've also chosen the stability of your investment.
Going short-term - possibility of bigger X's, especially, with new alts and memes, but risks are much higher, and that's everybody's responsibility to take.
That's how I see it.

Very often we see a lot of investors choosing the second option over the first one and they regret their decision, because on their quest to try to make money, they take risks that are too high and that they cannot possibly control, and this is a mistake as very often the results are not worth the risk taken, it is why I prefer to take the smallest risk possible, since even if the profits are limited on that case, at the same time the risk is much lower and I only need to wait for long enough in order to get the results I want.

It's better to have something, than nothing, I understand you and your point.
And I too would prefer stability over the potential, at least for the funds I currently have.

[rimoeee]

Technically over the year cryptocurrency has seen a persistent rise in price during the month of October, with elections further coming and market speculations about reduce liquidity and reduce market capitalization ][https://cryptodaily.co.uk/2024/09/get-ready-for-autumn-by-stocking-up-top-5-cryptos-prepping-for-a-rocket-ride-in-october]

[FortuneFollower]

Technically over the year cryptocurrency has seen a persistent rise in price during the month of October, with elections further coming and market speculations about reduce liquidity and reduce market capitalization ][https://cryptodaily.co.uk/2024/09/get-ready-for-autumn-by-stocking-up-top-5-cryptos-prepping-for-a-rocket-ride-in-october]

Except for DOGEN (which is just a meme but says that it's undervalued), not a bad set, realistically - but, still more analysis is needed to consider investing in them. I would choose SOL over all of them alongside BNB.