The Crypto Market Bleed
I see a lot of people complaining about the market dip. Well it is quite evident a lot of people are really panniking now on how the market is actually behaving and truth be told the Crypto market is actually red.
There was a massive free fall that happens in the market and this has draw the dominant crypto in the crypto space which is of course the bitcoin to hit a low which to many people surprised but truth be told one should have expected it long time ago.
We have been expecting this fall long time for a while and happening now, well some traders are not surprised but are just sad why it happen now.
I am seeing a lot of traders currently in cross road and wondering what they should do. To some they are thinking they should actually buy the dip as they feel it has actually hit the threshold and so time to make some profit from the bleeding market
And to some traders they are still thinking the market will still experience a massive fall at least bitcoin is heading towards $20k so people are still expecting the bitcoin to still bleed more and dip
I still believe the market will still bleed and I am seeing we are heading towards at least nothing less than $20k before the month end before we start a massive hit upwards to hit $70k
Though I am hearing some people saying we might see bitcoin still hit $100k before the year ends but well it might still be possible but I am doubting it looking at how the market bleed. We need serious investors that can convince the fellow traders in the market and erases their fear.
The selling pressure in the market is really strong and so a lot of people are busying selling fearing the market price of their favourite coin will still drop rapidly down.
Take for example the Luna coin, from close to $103 drop to $2 which is really outrageous. This will take a few months to recover back to even close to $50 which I really doubt it. Well nothing is impossible. A lot of shock wave this bleeding has caused to many traders this week and I hope traders can recover from this shock and dreadful surprise. Well life still goes on and what ever comes down will rise up
What do you think about this dip??
Many things are happening in the crypto space. I really hope this bloodbath will be over soon. Some people have been rekt and only a bull will salvage that. I have hope the bull is coming though.
Be well buddy
This bloodbath is a shock wave but I believe people will quite recover from it soon
Now luna is below a cent and almost zero with the blockchain being stopped.
Market bleeds but it is us who get hurt for sure.
Yes that's just how th crypto space works at times. The market bleed, we suffer it
Unfortunately, this screenshot was taken before things got even worse, lol. LUNA has dropped my another 90% at this time of making this comment.
Yea even now it has dropped to zero but thank God it is going back up
Right now it is truely a blood bath. The msot important think now is to keep calm and execute the strategies that you thought off before. PErsonally I will just continue DCA into my favorite projects! :)
Very well said. The important is to keep calm and wait for what next to hold on next
You're right. All of us knew the bear had to come sooner or later. It doesn't feel good, but we should always remember that markets move in cycles and crypto is no different
Thanks for sharing :) @doyoy
The bear market has come and I believe it will go someday we will have the bull market soon also
Hi @doyoy
I honestly consider recent crypto market bloodbath as a possible "turning point". My experience tought me, that if price is crashing and volumes are raising (and volumes spiked up to super high levels lately and did hold for quite sometime) then it means one thing:
And those kind of investors are usually "the pillar" for upcoming bull markets.
So we may witness some more dumpage happening, but seeing how recent crash and all that dump being BOUGHT UP around 30k is giving me only optimistic view on the future price.
Cheers, Piotr