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Question: What do you think about the sharp drop in ETH BTC today?
Go short?
Long?

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Author Topic: Cryptocurrencies fall sharply  (Read 742 times)
el kaka22
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August 06, 2024, 04:44:22 PM
 #21

Having the mindset of "oh look a terrible day for the markets, how wonderful for me!" is the thing that makes people richer. I mean if you could just consider this possibility as something you can profit, then you are going to end up with something much better and we all know that it is going to be a great situation for all of us, because it means that if we buy right now, we can sell right back when it goes back up, and 55k right now looks like it's such an ordinary price.

I agree that we were here just recently, so to say that this will be very hard, isn't that true because it should be quite easy to make money this way. I am sensing that it will take a while but it will happen quite easily as well, shouldn't be anything more than just keep holding.

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doomloop
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August 06, 2024, 04:50:23 PM
 #22

Angry >:(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 Cheesy.
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.
Expectations were too much high about good increase after the halving but as we are having too many issues related to economy and few conflicts which are hurting badly to world economy are creating some serious troubles just because of this in 2024 we are having not solid things we all are worried about many things and investors confidence is also going on lowest level because they are feeling not good about market and investment flow is also not as expected these all are having impact, and we are suffering.

Now it's time for checking all related things carefully because this is not going to stay as long things can take change, and we can expect good increase even this can take time with mostly are expected we will be back in 3 to 4 months so it's important to keep calm and keep eye on all related material for time being for having good outcome of this situation.

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August 07, 2024, 05:14:30 AM
 #23

Angry >:(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 Cheesy.
Altcoin prices are being controlled by Bitcoin price movement and that was why we saw the market was all on read after bitcoin had a 10% dip. However, bitcoin have started recovering back and some altcoins are still striving to recover.

Altcoins will only pump if bitcoin pumps but there are some altcoins that might not recover amd will crash because they don't have the potential. Invest wisely so that you don't wake up one morning and see your portfolio value in zero.

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betswift
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August 07, 2024, 05:21:48 AM
 #24

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 Smiley
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.

Me myself - I don't panic at all, as I use the money I am willing to spend. Also, I don't regret my actions in the slightest. Yes, I had funds before the dip and news, I've seen some red, but it's totally fine, as it's part of the process. Big hands are waiting for people with weak nerves or minds to sell their bags because soon enough their portfolios will look less and less beautiful. I will stick to my plan, wait out the storm, and come out victorious, as we all should.

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August 07, 2024, 05:43:01 PM
 #25

Angry >:(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 Cheesy.
Altcoin prices are being controlled by Bitcoin price movement and that was why we saw the market was all on read after bitcoin had a 10% dip. However, bitcoin have started recovering back and some altcoins are still striving to recover.

Altcoins will only pump if bitcoin pumps but there are some altcoins that might not recover amd will crash because they don't have the potential. Invest wisely so that you don't wake up one morning and see your portfolio value in zero.
Altcoins always follow Bitcoin. If Bitcoin declines, they also decline, and vice versa. Similarly, if we look at the recnt dump that came due to the Japanese interest rate, Bitcion declines approximately 20%. And likewise it caused decline by liquidation in which around $1.07 billion was liquidated in 24 hours. Beside that there was a lot of bleeding in Altcoin too. Now the people who used to invest/trade on emotional stances have sold their coins in fear. So, it is important that you do not become an emotional trader or investor, but study the market and act in the market in a good way, with a good thinking and understanding. Especially in Altcoin, you should work very carefully. Make those coins part of your portfolio which you think really has potential in it, even if it dump, then it has potential that can give you profit. it means to say that one should invest in top coins rather than lay coins or shit coins. 
 
So always emphasize on the thing that really gives you recovery as well as profit margins even after dumping. Never add this coin to the portfolio which cannot be recovered even from a small dump.


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milewilda
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August 07, 2024, 09:13:39 PM
 #26

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 Smiley
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.

Me myself - I don't panic at all, as I use the money I am willing to spend. Also, I don't regret my actions in the slightest. Yes, I had funds before the dip and news, I've seen some red, but it's totally fine, as it's part of the process. Big hands are waiting for people with weak nerves or minds to sell their bags because soon enough their portfolios will look less and less beautiful. I will stick to my plan, wait out the storm, and come out victorious, as we all should.
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.

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August 08, 2024, 09:20:06 AM
 #27

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 Smiley
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.

Me myself - I don't panic at all, as I use the money I am willing to spend. Also, I don't regret my actions in the slightest. Yes, I had funds before the dip and news, I've seen some red, but it's totally fine, as it's part of the process. Big hands are waiting for people with weak nerves or minds to sell their bags because soon enough their portfolios will look less and less beautiful. I will stick to my plan, wait out the storm, and come out victorious, as we all should.
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.

Thanks for the tips! Yes, having a bit of cash in case there is a good opportunity to grab more positions is nice and worth considering, I may agree. Those who are frightened by the volatility of the market won't be able to see the sun through the clouds that are gathering upon us.

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August 08, 2024, 12:55:03 PM
 #28

Reaching to a point where you find this ordinary is not entertaining but just the reality. Falls happen in every market, it's very common and part of the world we live in and we need to just accept that.

I understand that we may look like we are talking about something that may not be possible and you think that you didn't expected it to go down this much and all that, but the reality is that it always has that possibility, it may always go down and we just need to accept that. If you do that, then you are going to be fine and you will not face any issues, the important part is to accept the fact that it will fall sharply when you least expect it.

How could you be fine with that information? After all "it may fall any moment" is scary, so what makes us veterans more calm? Simple, we just know that while it may fall out of nowhere, we also know that we are going to see it go up sharply eventually as well, the recovery will not be that difficult. That is why we do not care about these downs, because we know ups are on their way and coming. If you realize that and see that, just by even looking at historical chart, then you will realize that 10-20% falls are nothing, very common and easily recovered from.

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August 08, 2024, 05:02:37 PM
 #29

Cryptocurrencies are known for these, they can fall at anytime and also rises at anytime, the more reasons why they are volatile, this is one of the first things for a newbie to know about bitcoin, because they will have an idea of what to face along the line when they have invested and the market is falling, there wont be cause for alarm because they were aware before hand, because the markets still have the same ability of rising high at anytime.

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betswift
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August 08, 2024, 06:13:03 PM
 #30

Cryptocurrencies are known for these, they can fall at anytime and also rises at anytime, the more reasons why they are volatile, this is one of the first things for a newbie to know about bitcoin, because they will have an idea of what to face along the line when they have invested and the market is falling, there wont be cause for alarm because they were aware before hand, because the markets still have the same ability of rising high at anytime.

Patience is key, and a bit of red shouldn't discourage anybody from keeping the same course you've got in mind, especially with BTC, in my opinion.

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August 08, 2024, 08:16:44 PM
Last edit: August 08, 2024, 09:40:02 PM by Mr. Big
 #31

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.
Thanks for sharing your thoughts! Going long with low leverage can be a solid strategy, especially if you're in it for the long haul. Dollar-cost averaging (DCA) is a great approach to mitigate risk in a volatile market. Just remember to stay informed and stick to your risk management plan!



Cryptocurrencies are known for these, they can fall at anytime and also rises at anytime, the more reasons why they are volatile, this is one of the first things for a newbie to know about bitcoin, because they will have an idea of what to face along the line when they have invested and the market is falling, there wont be cause for alarm because they were aware before hand, because the markets still have the same ability of rising high at anytime.

Patience is key, and a bit of red shouldn't discourage anybody from keeping the same course you've got in mind, especially with BTC, in my opinion.
Absolutely! A little bit of red is part of the journey. Staying patient and focused on the long-term potential, especially with BTC, often pays off in the end. 🌱



Cryptocurrencies are known for these, they can fall at anytime and also rises at anytime, the more reasons why they are volatile, this is one of the first things for a newbie to know about bitcoin, because they will have an idea of what to face along the line when they have invested and the market is falling, there wont be cause for alarm because they were aware before hand, because the markets still have the same ability of rising high at anytime.
You're absolutely right—understanding the volatility of cryptocurrencies like Bitcoin is crucial for any new investor. It's important to be aware that the market can experience significant ups and downs, sometimes in a short period. However, with this knowledge, investors can better manage their expectations and stay calm during market fluctuations, knowing that the potential for recovery and growth is always there. Patience and a long-term perspective can go a long way in navigating the crypto space.



Reaching to a point where you find this ordinary is not entertaining but just the reality. Falls happen in every market, it's very common and part of the world we live in and we need to just accept that.

I understand that we may look like we are talking about something that may not be possible and you think that you didn't expected it to go down this much and all that, but the reality is that it always has that possibility, it may always go down and we just need to accept that. If you do that, then you are going to be fine and you will not face any issues, the important part is to accept the fact that it will fall sharply when you least expect it.

How could you be fine with that information? After all "it may fall any moment" is scary, so what makes us veterans more calm? Simple, we just know that while it may fall out of nowhere, we also know that we are going to see it go up sharply eventually as well, the recovery will not be that difficult. That is why we do not care about these downs, because we know ups are on their way and coming. If you realize that and see that, just by even looking at historical chart, then you will realize that 10-20% falls are nothing, very common and easily recovered from.
It's true that market falls can be unsettling, but they’re a natural part of the cycle. What keeps seasoned investors calm is the understanding that while dips happen, recoveries often follow. The key is to stay focused on the long-term picture and not let short-term volatility shake your confidence. If you look at historical trends, you'll see that markets tend to bounce back, making those 10-20% drops just part of the journey. Keep a steady mindset, and remember that the ups are on their way too.



You're absolutely right—altcoins do tend to follow Bitcoin's lead, and the recent market movements highlight the importance of not making decisions based on emotion. Panic selling during a dip can often lead to unnecessary losses. It's crucial to focus on the long-term potential of your investments, especially in altcoins with strong fundamentals. By choosing coins with real value and potential, you're more likely to see recovery and profit, even after market downturns. Always do your research and invest wisely!



You're spot on that Bitcoin's price heavily influences the altcoin market. While many altcoins will likely follow Bitcoin's lead, it's crucial to be selective in your investments. Some altcoins may never recover if they lack solid fundamentals. Diversification and careful research are key to avoiding potential losses. Always invest wisely and be prepared for market volatility.




Me myself - I don't panic at all, as I use the money I am willing to spend. Also, I don't regret my actions in the slightest. Yes, I had funds before the dip and news, I've seen some red, but it's totally fine, as it's part of the process. Big hands are waiting for people with weak nerves or minds to sell their bags because soon enough their portfolios will look less and less beautiful. I will stick to my plan, wait out the storm, and come out victorious, as we all should.
That's a solid approach—staying calm and sticking to your plan is key. The market's ups and downs are all part of the journey, and having the conviction to ride it out can make all the difference. It's all about playing the long game and not letting short-term volatility shake your confidence. Keep holding strong!
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August 08, 2024, 09:15:15 PM
 #32


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.

Me myself - I don't panic at all, as I use the money I am willing to spend. Also, I don't regret my actions in the slightest. Yes, I had funds before the dip and news, I've seen some red, but it's totally fine, as it's part of the process. Big hands are waiting for people with weak nerves or minds to sell their bags because soon enough their portfolios will look less and less beautiful. I will stick to my plan, wait out the storm, and come out victorious, as we all should.
Spending up the money on which you can able or afford to lose would really be something that should really be on your main consideration because this market is volatile.
There's no way that you could really assure that you could make profits on the next cycle or movements on where everything would really be basing up on how well you do make yourself
having that kind of approach on things specially in moving prices. It isnt really that too easy when you do make neither buying or selling decision. If we do speak about falling price sharply
then it could really happen anytime and just like the rest been saying that you should have some allocated funds or saved up money for you to buyback on the moment that it would happen.
People who do have that experience towards this market will really be having that kind of main thinking on the moment that they are seeing buying opportunities rather than making
themselves panic and would be able to do such non recommended things to be done.

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August 09, 2024, 03:35:12 AM
 #33

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.



Good thing price recovered and the overall situation becoming better, fear and greed index is improving too, if it were to hold around $49k then it's gonna be big dump but since BTC closes above $60k then we're far from that threat.

Having the mindset of "oh look a terrible day for the markets, how wonderful for me!"

yes it works wonder especially if we know how to go against the current market psychology, when trying to invest it's always our own emotion that holds back, becoming so fearful whenever the market is dumping thinking as if market is doomed, but see right now the price recovered back to $60k++ the people who go against the flow and buy at the bottom are already making so much money if they invested heavily.

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August 09, 2024, 05:31:14 AM
 #34

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.



Good thing price recovered and the overall situation becoming better, fear and greed index is improving too, if it were to hold around $49k then it's gonna be big dump but since BTC closes above $60k then we're far from that threat.

Having the mindset of "oh look a terrible day for the markets, how wonderful for me!"

yes it works wonder especially if we know how to go against the current market psychology, when trying to invest it's always our own emotion that holds back, becoming so fearful whenever the market is dumping thinking as if market is doomed, but see right now the price recovered back to $60k++ the people who go against the flow and buy at the bottom are already making so much money if they invested heavily.

That was a good swing, but I still think we may see something that we had recently one more time before going into full "To the Moon" mode. BTC falling to $40-45k because of the news or manipulations from smart money, and then pumping.

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August 09, 2024, 11:49:28 PM
 #35

~~
That was a good swing, but I still think we may see something that we had recently one more time before going into full "To the Moon" mode. BTC falling to $40-45k because of the news or manipulations from smart money, and then pumping.
Hmm, right we'll be seen one more time. I mean, there are high possibilities that before going to the Bull cycle Bitcoin will flip one more time because for up side movement Bitcoin needs a healthy correction. So looking forward to the movement I am just really sure that Bitcoin will dump one more time before starting up the Bull rally.
 
Now the thing is that nobody knows how much Bitcoin will dump, we can only speculate. But there is one point in my mind, and that is that Bitcoin makes unexpected movement every time, That is, the majority of people think that Bitcoin can go up to 45k, but I believe that Bitcoin will make unexpected movement, it will just fall to 50k, and After that the bull run rally will start. That is, people will think that Bitcoin will go down further, but Bitcoin can change its way of tracking and start a rally from 50k. But this is my opinion, you can disagree. 
 
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August 12, 2024, 06:20:55 AM
 #36

Bitcoin and ETH fell very sharply, making many traders feel heartbroken, especially for young people, this is a natural thing that happens every year when Bitcoin has reached a new ATH, the market will definitely fall completely before the bullish market revives. If we are a trader who has experienced a situation like this, we will continue to maintain it in the long term without panicking about falling prices. In most market situations that continue to weaken, it's time to save some of the top altcoins while waiting for the altoin season to arrive.

When the waves come to shove, it's natural for people with low spirits to get their bags out of their deals, missing the flow of smart money and getting the profits in the process. An experienced trader wouldn't be like that and use the situations ahead to his advantage.

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August 12, 2024, 04:34:53 PM
 #37

It hasn't been that long to be fair, just the 5th of August we were at  level where it was about 50k, even under 50k slightly understandable but that doesn't mean that we are going to end up staying there and that's exactly what happened, by 9th or 10th we are above 60k already, that's a huge return, nearly 20% return, and it is not even an entire week, it took like less than a week, like a business week lol.

And that is why I kept saying people to keep on buying, because I knew that this would happen and of course it was exactly how I imagined it would be, without an issue. I know that we can't be always right, I am not always right and I had many mistakes in the past but when it's about having this type of drops, that makes it a little harder to be wrong and that's why I feel like I am not doing any justice by saying that any time it drops that's going to be a hard situation for it to not come back, it always comes back and that's what it did.

We just need to see this, if you ever doubt then we are going to end up with something much better and just remember this one next time something like this happens so that you would know that it will recover, and have a lot more confidence holding it.
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August 13, 2024, 07:34:10 AM
 #38

Cryptocurrencies are known for these, they can fall at anytime and also rises at anytime, the more reasons why they are volatile, this is one of the first things for a newbie to know about bitcoin, because they will have an idea of what to face along the line when they have invested and the market is falling, there wont be cause for alarm because they were aware before hand, because the markets still have the same ability of rising high at anytime.

Patience is key, and a bit of red shouldn't discourage anybody from keeping the same course you've got in mind, especially with BTC, in my opinion.

This is true for all kinds of investments, not just BTC. Recently, many major stock markets crashed and rebounded to their original level the next day, the best example is the Japanese stock exchange. Even BTC rebounded toward $60k. These pumps and dumps are part of stock markets and an investor should not worry about their investment because eventually the price will pump and you will get a profit. 
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August 13, 2024, 07:56:21 AM
 #39

Cryptocurrencies are known for these, they can fall at anytime and also rises at anytime, the more reasons why they are volatile, this is one of the first things for a newbie to know about bitcoin, because they will have an idea of what to face along the line when they have invested and the market is falling, there wont be cause for alarm because they were aware before hand, because the markets still have the same ability of rising high at anytime.

Patience is key, and a bit of red shouldn't discourage anybody from keeping the same course you've got in mind, especially with BTC, in my opinion.

This is true for all kinds of investments, not just BTC. Recently, many major stock markets crashed and rebounded to their original level the next day, the best example is the Japanese stock exchange. Even BTC rebounded toward $60k. These pumps and dumps are part of stock markets and an investor should not worry about their investment because eventually the price will pump and you will get a profit. 

Yeah, it's natural and it's usually newbies that think about their bags being almost stolen from them in situations like that, thus they grab them back with a major minus. Most of them learn about what was done wrong afterward, but some - do not.

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August 16, 2024, 01:39:03 AM
 #40

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.

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