Cryptocurrencies fall sharply

[AvrilBaker]

>:(After waking up, ETH fell 20%

[betswift]

>:(After waking up, ETH fell 20%

It's going to be even more interesting, Japan's exchange plunge + the info about weak US jobs which leaked and led to the fear of a recession will be huge factors for a week, or even more, in my opinion.

[Charles-Tim]

If you are the type of trader that is using very low leverage, it is better you go long for now. Even if the market will later start to dump again, there will still be some time that the price will increase. But it would be wise to just go long and leave it for awhile. Also you can DCA which is better. I mean if the market fall more, you can continue to buy more of ether.

[betswift]

If you are the type of trader that is using very low leverage, it is better you go long for now. Even if the market will later start to dump again, there will still be some time that the price will increase. But it would be wise to just go long and leave it for awhile. Also you can DCA which is better. I mean if the market fall more, you can continue to buy more of ether.

I believe in the bounce back in the future (not sure when exactly, of course), in 1-3 months or even half a year. I don't panic even from seeing red all around me, because I know for a fact that what we see at the moment is temporary, and the situation becomes more entangled with facts yet to come. We shall stay vigilant, disciplined, and use this opportunity (or at least take it into account).

[mich]

Well this is a very big correction for us to have to go in right now. There has been more then $1 Billion liquidated from the market in just last 24 hours.
Tokyo Stock Exchange had the biggest drop ever today. And the most points were lost since 'Black Monday' in 1987. There is alot of American stocks crashing too so it is not just crypto it is the whole world selling.
https://www3.nhk.or.jp/nhkworld/en/news/backstories/3500/

[Fiatless]

>:(After waking up, ETH fell 20%

It's going to be even more interesting, Japan's exchange plunge + the info about weak US jobs which leaked and led to the fear of a recession will be huge factors for a week, or even more, in my opinion.

The reports that the Japan Central Bank will increase interest rates to the highest in 16 years contributed to the selloffs. With the increase in unemployment and the declining manufacturing sector, investors are hoping the US FEDs will reduce interest rates in September. Although there is no certainty that this will happen, I suspect that this might be the right move to avoid recession. Another challenge is the uncertainty in the Middle East due to the confrontation between Israel, Iran, and Yemen. A full-scale war will disrupt the oil supply and affect the global economy negatively.

[MAAManda]

>:(After waking up, ETH fell 20%

All altcoins are currently experiencing a crash, the main reason being that the price of Bitcoin (BTC) fell by more than 10%. The altcoins that experienced the worst decline were Lido DAO (LDO) & Chainlink (LINK), they even gained more than 20%. This is a normal cycle in crypto, so don't worry, you can go where you like at the moment, or do activities you like to avoid looking at market conditions .

[betswift]

>:(After waking up, ETH fell 20%

It's going to be even more interesting, Japan's exchange plunge + the info about weak US jobs which leaked and led to the fear of a recession will be huge factors for a week, or even more, in my opinion.

The reports that the Japan Central Bank will increase interest rates to the highest in 16 years contributed to the selloffs. With the increase in unemployment and the declining manufacturing sector, investors are hoping the US FEDs will reduce interest rates in September. Although there is no certainty that this will happen, I suspect that this might be the right move to avoid recession. Another challenge is the uncertainty in the Middle East due to the confrontation between Israel, Iran, and Yemen. A full-scale war will disrupt the oil supply and affect the global economy negatively.

I agree. We may see more dips because of what you said is happening in the Middle East, however, this opportunity should be used with caution, I would go only in spot here. I hope that, by September, there would be better news for all of us

[asriloni]

>:(After waking up, ETH fell 20%

This big dump happens to the ethereum. it's because we are losing another big boy who sold their ethereum to the market.



Source : Bitdegree
Jump Crypto has unstaked all of their Ethereum, then sent it to the exchange sites. Also, the Bitcoin dump made it even worse by adding more pressure to the big dump caused by Jump Crypto's dump. This time, no sign of retracement is showing for Ethereum nor bitcoin.

I'm feeling we may fall even deeper than this time. The chart looks so damn bearish. It seems like there are another bad days ahead us.

[passwordnow]

>:(After waking up, ETH fell 20%

Bitcoin dropped -13%.

This big dump happens to the ethereum. it's because we are losing another big boy who sold their ethereum to the market.

It's only about Ethereum but the whole market has dropped a lot. So, it connects, Bitcoin, Ethereum and other top altcoins have been dropped together with the stock market and even individual country markets like in Japan for which fell -12% currently. It's one of the highest that they've got. I feel bad for them because they are just trying to recover but all of a sudden, this whole drop has happened entirely, globally.

The rich are playing around with the market and are we on this month as an actual ghost month? I'm not believing on it but I am starting to believe that it really is a ghost month every August. But hold your horses and don't feel bad about the market, hold and DCA if you can because we might not see these levels anymore when the market recovers above.

[Promocodeudo]

>:(After waking up, ETH fell 20%

What do you expect when Bitcoin price drop, the turbulence is as a result of Bitcoin price further depreciation, although I see this drop as temporal because for few months now, Bitcoin has been experiencing this temporal price depreciation and altcoins has know choice than to follow up their masters lead, it is not a surprise to me that once Bitcoin falls other coin will follow but this shouldn't be a discouragement because I strongly believe that there will surely be a bounce back in a short period of time so panicking at this time shouldn't be entertained, ETH is one of those coins that has value so at this point the right aproach to follow is to keep holding because if you are conversant with the market you would have known that this is not the first time digital the market is experiencung such, if you are not a short-term investor, i think there is know need to panic hence the market potentials are still intact, instead of consistent check of price drop, why not concentrate on acquiring more of the asset if yiu can and Hodl for a long-term.

[Yamane_Keto]

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.

[Reatim]

>:(After waking up, ETH fell 20%

This is a normal cycle in crypto, so don't worry, you can go where you like at the moment, or do activities you like to avoid looking at market conditions .

Pretty sure that a lot of people are worrying more than usual because the bull run followed by the 4th halving event caused so much stir and hype that everyone expected bitcoin to be pumping right now. The fact that it is not scares a lot of investors most especially traders who need to watch the market a lot more carefully than most holders do. I am a bit worried, not gonna lie but you always have to persevere and keep holding to maximize your profit in the future.

[Mia Chloe]

No doubt, cryptocurrencies are very volatile. Volatility is the reason for a currencies pump or dump in price be it a cryptocurrency or a regular fiat currency.The only difference in fiat is that because of most government regulations and Economic situation of the country, they can be less volatile than cryptocurrencies. The fact is that I really can't tell why the drop in price but it definitely shoke the whole crypto market including altcoins and bitcoin.

According to some sources I read from today over a billion dollars have been liquidated from the crypto market as a result of this dump. Many persons didn't expect the dump anyways let's hope the market recovers sooner.

[Captain Corporate]

Long is the way to go if you ask me. Its already down, and there are many shorts that you could crash right now, and that means a lot more return for the buck. If you do long now, even if you are wrong, then its going to be very hard to be wrong by that much, so a low leverage long could be a good one right now, whereas shorts are more dangerous, because upside is wide open, meaning that we could go up as much as 15k dollars, and that means waaaaay too many shorts could be crashed, meaning profit for longs. All in all, the risk/reward ratio shows that longs are a lot better right now, and it would definitely help a lot to invest into that. Doesn't mean we have to, but would definitely help.

[mpoletiek]

I read a good analysis of the Japanese bank & their 0 to negative interest rates lately allowing for lots of loans in yen to purchase USD. Supposedly the bank raised the rates which caused some runs globally.

https://apnews.com/article/japan-economy-rates-boj-yen-e00919b053412fabf7a800ed78a9ad7a

[letteredhub]

>:(After waking up, ETH fell 20%

It's going to be even more interesting, Japan's exchange plunge + the info about weak US jobs which leaked and led to the fear of a recession will be huge factors for a week, or even more, in my opinion.

I think the Japan exchange plunge is just a little to the current effect on cryptocurrencies price depreciation, the big banga is that of the USA worsening economy, with speculations of a potential economic downturn anytime soon which has even made the government to cut down interest rates just to handle the situation but experts keeps predicting an impending huge recession as unemployment soar leading to less consumption and an increasing credit cards debts. I think crypto enthusiasts should just be ready for more possible worse scenario in the market this period.

[bitgolden]

You have to realize that we are going to have some financial days like this, we can't just let that decide anything about our investments. Warren Buffet, one of the richest man in the world, spend billions buying up banks after 2008 crash.

Because he knew that it would recover and he wanted to make more profit, and you know what happened? They recovered and he made a killing off that. This dude is not some rich dude who wants more, he just donates it to charity whenever it gets too high, dude literally donated 99% of his wealth to charity after his death, his kids would still  have hundreds of millions of dollars and already got whatever they want so far as well, so he is not doing it to just get richer, he is doing it because he knows how to.

This is that exact moment, things crashed but started to recover right now, yes that was bad to look at but if you keep on investing right now, then you are going to accumulate more for a great target eventually, you just need some time and also bitcoin and ethereum kind of fundamentally strong coins alone.

[betswift]

You have to realize that we are going to have some financial days like this, we can't just let that decide anything about our investments. Warren Buffet, one of the richest man in the world, spend billions buying up banks after 2008 crash.

Because he knew that it would recover and he wanted to make more profit, and you know what happened? They recovered and he made a killing off that. This dude is not some rich dude who wants more, he just donates it to charity whenever it gets too high, dude literally donated 99% of his wealth to charity after his death, his kids would still  have hundreds of millions of dollars and already got whatever they want so far as well, so he is not doing it to just get richer, he is doing it because he knows how to.

This is that exact moment, things crashed but started to recover right now, yes that was bad to look at but if you keep on investing right now, then you are going to accumulate more for a great target eventually, you just need some time and also bitcoin and ethereum kind of fundamentally strong coins alone.

Yeah, we also have many events to come that can affect the market (geopolitical, economical like we've seen already, others), so, let's use these possibilities! The time is essential, I would say we will see green in, 3-4 months, if there won't be any other event that would make the market shaking like that report about US job market

[Oilacris]

You have to realize that we are going to have some financial days like this, we can't just let that decide anything about our investments. Warren Buffet, one of the richest man in the world, spend billions buying up banks after 2008 crash.

Because he knew that it would recover and he wanted to make more profit, and you know what happened? They recovered and he made a killing off that. This dude is not some rich dude who wants more, he just donates it to charity whenever it gets too high, dude literally donated 99% of his wealth to charity after his death, his kids would still  have hundreds of millions of dollars and already got whatever they want so far as well, so he is not doing it to just get richer, he is doing it because he knows how to.

This is that exact moment, things crashed but started to recover right now, yes that was bad to look at but if you keep on investing right now, then you are going to accumulate more for a great target eventually, you just need some time and also bitcoin and ethereum kind of fundamentally strong coins alone.

Yeah, we also have many events to come that can affect the market (geopolitical, economical like we've seen already, others), so, let's use these possibilities! The time is essential, I would say we will see green in, 3-4 months, if there won't be any other event that would make the market shaking like that report about US job market

If you are just that new then better get used to it. Why? This is always been the main thing that could happen into this unpredictable market on which sentiments,news,events like this could really happen in a snap on which it could really neither be making some sharp decline in price or would really be making up some moonshot. This is why it would really be that important that you should really know on what market is really that you are dealing on with, so that on the moment that it would make out some nasty declines, you wont really be making yourself panicking and freaking out as if its the end of the market. lol. Usually people do make out some cut loses on the time or moment that they are really that becoming impulsive. This is why its important that you are really that prepared on whatever the things that you are really that dealing or getting involved with. This is why its important that you should really be get prepared on the things you do tend to engaged.