Wow, bulls flipped to lambs just like that in a day.
Now everyone's telling us to bail while there's still some liquidity left. But here's my take: during every altcoin season, there’s always a huge crash like this. Honestly, I think we could see a crazy reversal in a week or two.
Just sharing my wild thoughts. Everyone keeps saying the peak is hit, and a lot of folks already got wrecked. But honestly, now might be the perfect time to take some risks. If you want to score big with altcoins, you can’t expect it to come easy.
If you quit the market right now you will be losing already, and if you are not trading but holding, why don't you continue to hold on to your investment, waiting for your expected market to recover, but if you rush to sell because of fear of losing our all your portfolio, you may be making a wrong choice by doing so, if you are holding coins like Bitcoin then you have alot of hopes of positive market recovery, so waiting for that right time is the ultimate right now.
Agree with Odusko, quitting the market which is exiting it now leaves you at a huge loss and should not be taken as an excellent advice. Bitcoin will certainly rise again in the near weeks and is possible it rises to a new ATH so this can be an opportunity to buy cheap. But this is the confidence a lot of investors like myself so not have on a lot of the altcoins that has been hit by this liquidation that has been tagged as one of the largest crypto liquidations. A lot of shitcoins may never survive this pit.
If i'm being honest, the dip isn't even that deep yet people are getting liquidated left and right and in this case i'm talking about bitcoin.
When it comes to alt, it kinda show that most of alts are just low float, they can't even contain dump properly that some of them temporarily dumped to 90%
Again, this recent dip only liquidate future traders, spot traders are chilling right now, probably next week their portfolio gonna be green again .
To be greedy when the market is fearful and to be fearful when the market is greedy, a classical saying from Wall Street...
I agree with you, there could be still a good chance to make money from all this chaos, as people get liquidated and while the dust settles, there will be whales and intelligent investors who will take a look at this and asume the risk, pumping up the market to a new all time high, before having another mass correction. Influencers having panics attacks is a bullish signal.
Also, I would not say bulls turned into lamba because this market correction, I would rather say they all turned into salmons, as they served as food for all bears who correctly guessed the bloodbath we witnessed and took all the money with them.
Comfort is dangerous; it kills dreams. You have to expect something like this if you invested in a solid coin with a solid history. You're still good; don't give up. This is part of the market movement; this is not something new.
If you're going to invest, take the lesson of what just happened, and only invest with money that you can afford to lose. The market is full of uncertainty, and there is a possibility that something like this could happen again. So take note and invest wisely.
You are wrong, this is one of the most effective dips of all time, the Covid crash was not even this close, it is not a small dip, leverage traders lost billions and now there seem to be no more sellers in the market.
The way is now cleared for upside, I think this was what the market makers wanted all along.