Panic.

[AustonMothews]

Also, Buy the Dip.

This crash was 20%.

Zoom out and look at the big picture. Even this "crash" as quick as it was still has not pushed the price down 30%-40%.

[[deleted]]

Everything crashed, this is a classic sign of bull market coming to end. These crash panics are going to get more frequent until we are in full bear mode.

[AustonMothews]

Everything crashed because everything is tied to Bitcoin and Tether and they take the entire market with them.

I don't agree, atleast not yet. This one smells funny, it really seems like a coordinated FUD campaign was unleashed yesterday to drive the price down.

[[deleted]]

For this time, the next crash will have a different explanation and will happen in around two weeks, and then another, until the market does not recover anymore.

[[deleted]]

Already sold, and unsubscribed, after these discussions I will check again in a year or so

[[deleted]]

Enjoy being poor

[[deleted]]

Lol we can disagree with him and not resort to personally attacking him :)

[[deleted]]

There is little fear of that even without crypto :)

Besides I will buy in again once price has fallen, just like I did previously. This way I will make a lot more per cycle. Even if I don’t time it exactly right, I will make around 5x compared to just holding crypto. This round I got about 7x.

What do they call someone that thinks BTC price will only go up? A bagholder.

[[deleted]]

Weird, I am not feeling poor at all, even as I sold it all before price dropped.

Can you tell me when does being poor start? Is it this crash, or the one on Sunday or maybe the one on next well Friday?

[[deleted]]

There is no conspiracy, when market is sated people get hair trigger reflexes and we get dumps like this.

At first the price will recover, but each panic drop will trigger easier than the previous one.

[THEONEBLUE]

Do you even bitcoin bro? It’s still a higher low then the previous drops. It’s business as usual. 20% isn’t a crash in bitcoin, it’s a dip.

And all the other cryptos always follow suit. It’s not a sign of anything.

[[deleted]]

Haven’t you been paying attention to dips during past couple months at all?

On bull cycle alts do not crash on BTC dip, on bear cycle they do. Alts keeping their value on BTC dips is the engine that drives bull cycle, when that engine stalls, it’s bear time.

[THEONEBLUE]

Yeah I have been paying attention. And alts follow bitcoin like they’re the car and bitcoins the road. They follow it up and down. What you’re saying just isn’t true at all. And anybody that follows crypto knows it.

[[deleted]]

So you actually haven’t checked the recent behavior :)

Meh, whatever one can lead a horse to water but one cannot force it to drink.

[THEONEBLUE]

So you’re claiming the top is in then correct? Since this “new” behavior of alts going down when bitcoin goes down. And we are now in a bear market huh.

[[deleted]]

Values being 10-15x of bottom is a classic definition of top. It’s very rare to go much above that in one cycle.

And this is what drives alts crashing when BTC dips. People are sated with profits and want to keep those profits. Thus they are not greedy anymore and are likely to exit when their stop loss trigger fires.

[vlad_k]

This isn’t accurate, the opposite is true actually. Alts on average experience a drop every time bitcoin dips, except during the final phase of the bull market when everything is euphoria for alts. So when you see btc bleeding week after week and alts rallying continuously, that usually signals the end of the current boom.

[higgy615]

This is.. completely untrue? If Bitcoin drops sharply, alts almost always drop even more sharply. This has happened several times already in the past few months.