Crypto 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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Ahmedo24

Valued 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.
 
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lesnik_utsa

New member
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.
If you think about it, today's price is very high and Bitcoin is holding up well at this level. If we take mining, then even s9 devices bring good income. And that year nobody needed them ...
 
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Ahmedo24

Valued Contributor
If you think about it, today's price is very high and Bitcoin is holding up well at this level. If we take mining, then even s9 devices bring good income. And that year nobody needed them ...
I don't seems to understand your content as such but I want to tell you that bitcoin price when compared to yesterday as not really done well today it is trying to hold up at $37000 despite that it was down to 35000 dollars today before it recover to $36000 plus and trying to maintain the $37000 so we are hoping that this weekend will not be a red weekend because most weekends are not favourable in cryptocurrency market.
 
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lesnik_utsa

New member
I don't seems to understand your content as such but I want to tell you that bitcoin price when compared to yesterday as not really done well today it is trying to hold up at $37000 despite that it was down to 35000 dollars today before it recover to $36000 plus and trying to maintain the $37000 so we are hoping that this weekend will not be a red weekend because most weekends are not favourable in cryptocurrency market.
My English is not very good, but I try. I am counting on a long time lag, and you are now relying on a short time frame.
I want to say the following that the market may not gain a foothold at the current level and reach $ 22,000, but it may be vice versa. Unfortunately, no one can say for sure
 
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Ahmedo24

Valued Contributor
My English is not very good, but I try. I am counting on a long time lag, and you are now relying on a short time frame.
I want to say the following that the market may not gain a foothold at the current level and reach $ 22,000, but it may be vice versa. Unfortunately, no one can say for sure
Actually no one can actually predict the market direction of cryptocurrency but if you have been following happenings or developments around cryptocurrencies especially after the market crash When China banned cryptocurrency transaction and Elon Musk stop bitcoin payment you will discover that bitcoin will recover very soon. Crypto currencies has come to stay though so your research before you invest
 
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lesnik_utsa

New member
Actually no one can actually predict the market direction of cryptocurrency but if you have been following happenings or developments around cryptocurrencies especially after the market crash When China banned cryptocurrency transaction and Elon Musk stop bitcoin payment you will discover that bitcoin will recover very soon. Crypto currencies has come to stay though so your research before you invest
Now I have started to stick to this plan: sell on good news and buy on bad news. It brings more income so far me
 
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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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Ahmedo24

Valued Contributor
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.
 
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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.
 
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Aroy967484

Verified 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.
 
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Ahmedo24

Valued Contributor
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
 
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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.
 
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Wisdom01

Verified member
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
 
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Mika

Valued 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.
 
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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.
 
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Chibson

Valued 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.
 
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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..
 
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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.
 
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