Bear market continues

sincerem

VIP Contributor
WHO EXPECTED THE BEARISH MARKET TO REMAIN UP TO THIS MOMENT??

Today 04/06/2021, the coins have fallen more adrift after showing signs of improvement. But its nowhere near regaining back its form back to the top. I just visited the coins to see if their is improvement in the market, but to my surprise, they're still sinking deep in price tag.

Coins like BTC climbed to $38,000 yesterday to see it now falling down to $36,000 during the time when this thread was made. Ethereum have seen massive 24 hours drop in price, which has seen it go -7.18% with the price rocking on $2,639. Binance coin fell down too, from $400+ yesterday to $383 with -9% decline in price in the last 24 hours.


Other major and lower coins are simply adrift on price tag in the last 24 hours. Polkadot experienced the worst decline when it comes to coins in the top 10 in the crypto market, with -12% price decline. It reached $28 yesterday, only for it to lose more than $4 today.

The only volatile coin, ranked in the top 50 that didn't experience decline is FILECOIN. The coin have seen +16% in its price in 24 hours period, with the price peaked at $88.

Stable coins aren't affected cos they aren't volatile. Coins like Tether (USDT) coin, USDC, Binance USD (BUSD), Terra-USD etc, are simply maintaining their balance.
 
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Wisdom01

Valued Contributor
Has very good it shows that you have done more of research about this weekend strategy and hopefully you're also adopted and see how efficient or profitable it will be though I'm sure not all weekends are always red there are some weekends that we have green zones though mostly weekends are in red zone
Yeah during the weekend might show the green sign but the market might not that very fast but rather slow ,that is why i dont normally trade during weekends ,because i really don't know how the turnout might be and its risky doing so without knowing turnout
 

sincerem

VIP Contributor
This bearish of a thing is getting our of hand it ought to have stop by now because it will really discourage many investor from investing in bitcoin.
Though somecoin were not affected but those coin were not all that popular in the market. This thing should stop please.
All the coins in the market where heavily affected, their is no one left out by the bear market. Their are over 5,700 tradable coins in the market, all were heavily affected by the bear market. The bearish market have occurred almost two months now, ending of June will make it two months. It is gradually becoming one of the worst bearish run of all time.
 

Mataracy

VIP Contributor
WHO EXPECTED THE BEARISH MARKET TO REMAIN UP TO THIS MOMENT??

Today 04/06/2021, the coins have fallen more adrift after showing signs of improvement. But its nowhere near regaining back its form back to the top. I just visited the coins to see if their is improvement in the market, but to my surprise, they're still sinking deep in price tag.

Coins like BTC climbed to $38,000 yesterday to see it now falling down to $36,000 during the time when this thread was made. Ethereum have seen massive 24 hours drop in price, which has seen it go -7.18% with the price rocking on $2,639. Binance coin fell down too, from $400+ yesterday to $383 with -9% decline in price in the last 24 hours.


Other major and lower coins are simply adrift on price tag in the last 24 hours. Polkadot experienced the worst decline when it comes to coins in the top 10 in the crypto market, with -12% price decline. It reached $28 yesterday, only for it to lose more than $4 today.

The only volatile coin, ranked in the top 50 that didn't experience decline is FILECOIN. The coin have seen +16% in its price in 24 hours period, with the price peaked at $88.

Stable coins aren't affected cos they aren't volatile. Coins like Tether (USDT) coin, USDC, Binance USD (BUSD), Terra-USD etc, are simply maintaining their balance.
This bearish of a thing is getting our of hand it ought to have stop by now because it will really discourage many investor from investing in bitcoin.
Though somecoin were not affected but those coin were not all that popular in the market. This thing should stop please.
 

Kingsley

Valued Contributor
Infact no one saw it coming, this is happening at a time when the crypto space or ecosystem is gaining more momentum and people are getting more awareness and then all of a sudden someone a whale in the industry began to make some negative statement against the market all for his personal interest. Undermining the effects. What is happening is very artificial.
 

Mika

VIP Contributor
I believe if you actually want to earn from crypto currencies, you need to go for a long term investment. Let say, you bought bitcoin when the price was $50K, you cannot say it when the price is $36K. You need to hold until bitcoin gained value, you might even have to wait until it is $100K, which may take 2-3 years.
 

sincerem

VIP Contributor
Haven't you noticed the sudden fluctuation from the $38k down to $36k that lasted for a short time? Speculators would sell when the price slightly increased and after selling the price would go down. When many more will sell then the price would continue to sink. Who benefits from this situation? I guess only the digital wallet and the exchange market.
If you check a close eye around the coins in the market you'll come to understand that their is time for the bearish market and the bullish market. If you're determined to earn around crypto you'll study when right to invest and when it is unstable to invest your hard earned money. Like now, is the best time to invest.
 

Alexandoy

VIP Contributor
Haven't you noticed the sudden fluctuation from the $38k down to $36k that lasted for a short time? Speculators would sell when the price slightly increased and after selling the price would go down. When many more will sell then the price would continue to sink. Who benefits from this situation? I guess only the digital wallet and the exchange market.
 

sincerem

VIP Contributor
The bearish market has been very worrisome to a lot of cryptocurrency traders. So many of us has been enjoying the ride of of the bull market and within the last few weeks or even months, every looked like it has fallen apart. Those people who who has been into crypto trading since 2017 will tell you that this has happened before . This is definitely the best time to buy.
Yes, no one is disputing the fact that the bearish run never occurred before. It occurrs frequently. But the 2016, 2017 bearish run is the worst till date since crypto inception in the digital world. But its looking though like, this year 2021 gonna be the worst cos of its continuous surge in devaluing of the coins in the market.
 

btaliat

VIP Contributor
What I notice is that the bearish moment may even last longer than we think because most attention is being shifted to the lower coins now. The lower coins are doing relatively better than the higher coins. This may be as a result of the big whale determining the futures of the bigger coins. All the polices doesn't favor big coins except the recent adoption of bitcoins in one country..
 

Chibson

VIP Contributor
The bearish market has been very worrisome to a lot of cryptocurrency traders. So many of us has been enjoying the ride of of the bull market and within the last few weeks or even months, every looked like it has fallen apart. Those people who who has been into crypto trading since 2017 will tell you that this has happened before . This is definitely the best time to buy.
 

sincerem

VIP Contributor
ADA, ETH and DOGE was doing well, even a shiba inu is doing well, however, he major currencies are either falling down or not yet gaining price value. If you are an investor, you should take the benefit of the situation by investing on various coins. When the crypto market dips, you as an investor should start investing in the crypto currencies.
I've invested enough during this ongoing bearish run of the coins in the market. Their is no signs for my money moving up, instead it keeps dropping down more. I'm not happy by that, and it won't still make me flip untimely cos I'm not moved by that. When i invest funds, the amount i invest in the money i usually use for gambling, now i turned my attention to crypto investment, so it won't affect me cos that's the amount i want to risk.
 

Mika

VIP Contributor
ADA, ETH and DOGE was doing well, even a shiba inu is doing well, however, he major currencies are either falling down or not yet gaining price value. If you are an investor, you should take the benefit of the situation by investing on various coins. When the crypto market dips, you as an investor should start investing in the crypto currencies.
 

sincerem

VIP Contributor
Has very good it shows that you have done more of research about this weekend strategy and hopefully you're also adopted and see how efficient or profitable it will be though I'm sure not all weekends are always red there are some weekends that we have green zones though mostly weekends are in red zone
Lol, you're there. Not every weekend shines red in the coin market, that's why i say everyday isn't a sure banker for the coins to drop down in price during the weekend. But with what I've seen around the weekend, I'll say 70% have been on the drop zone. And it shows that profit can come by if such opportunity is grabbed, and allow the coin to make improvement then flip some, and keep your capital to invest again.
 

Ahmedo24

Verified member
Yes, I'm trying it though, I've gotten many times experience from think-thank crypto specialist in the varieties of WhatsApp group i am into, which we discuss, analyse the crypto market. They always say weekends are the best time to buy, cos the market falls at that time. Even @Fecoms, told me same thing too, and he flip his own coin during mid-week, or middle of the month. That it has been working for him that way, and it brings profit to him. But we all know the market is unstable, we shouldn't expect the tricks all the time to repeat itself.
Has very good it shows that you have done more of research about this weekend strategy and hopefully you're also adopted and see how efficient or profitable it will be though I'm sure not all weekends are always red there are some weekends that we have green zones though mostly weekends are in red zone
 

Razor1911

Active member
At this moment you can't say the bearish market continues. The market has not made any freeh lows. So we can't say that. The market mainly is in rangebound mode. Bitcoin is mostly consolidating in the range of 35000 to 40000. Whenever it goes near 35000 the bulls comes to play and push it to 40,000 and later bear around 40,000 push it to 35,000. It has become a regular game for the coin.
 

sincerem

VIP Contributor
I have also learnt some new strategies which the weekend buying is part of it but I can't really test run any of them now since I'm patiently waiting for the market to recover so that I don't experience more loses if I decide to take some kind of decisions now but a very good one since you want to try it I'm sure you'll be able to relate with us here if it has been profitable or otherwise.
Yes, I'm trying it though, I've gotten many times experience from think-thank crypto specialist in the varieties of WhatsApp group i am into, which we discuss, analyse the crypto market. They always say weekends are the best time to buy, cos the market falls at that time. Even @Fecoms, told me same thing too, and he flip his own coin during mid-week, or middle of the month. That it has been working for him that way, and it brings profit to him. But we all know the market is unstable, we shouldn't expect the tricks all the time to repeat itself.
 

Ahmedo24

Verified member
I think during the weekend, the prices of the coins in the market experience some spike in hike in price, I'll be taking such opportunity to invest during the weekends, let me see if i can realistically earn with such strategy in the coming weeks. At the moment the prices of the coins aren't going well. Bitcoin fell down from $38,000 to $36,000 in 24 hours period.
I have also learnt some new strategies which the weekend buying is part of it but I can't really test run any of them now since I'm patiently waiting for the market to recover so that I don't experience more loses if I decide to take some kind of decisions now but a very good one since you want to try it I'm sure you'll be able to relate with us here if it has been profitable or otherwise.
 

sincerem

VIP Contributor
I noticed this then I searched if there is any major reason that could lead to such a minor crash in the price but I have not seen so you can see that the Bitcoin see struggling to regain the $37,000 mark and above but yet to, I want to believe it is the normal weekend we normally experience over time in the Crypto currency market. I wish for a cross over to $40,000 and above.
I think during the weekend, the prices of the coins in the market experience some spike in hike in price, I'll be taking such opportunity to invest during the weekends, let me see if i can realistically earn with such strategy in the coming weeks. At the moment the prices of the coins aren't going well. Bitcoin fell down from $38,000 to $36,000 in 24 hours period.
 
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