Showing results for tags 'price crash'. - CryptoTalk.Org Jump to content

Search the Community

Showing results for tags 'price crash'.

The search index is currently processing. Current results may not be complete.


More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • Crypto
    • About Forum
    • For Beginners
    • Chia Mining
    • Crypto World
    • Coins / Tokens Talk
    • NFTs & collections
    • Bounties
    • Exchanges
    • Defi
    • Trading
    • Marketplace
    • ICO/IEO's
    • Mobile Apps
    • Wallets
    • Tutorials
    • Mining
    • Services
    • Jobs
    • Artificial Intelligence (AI)
    • Referral Links
    • Gambling/HYIP's/FreeCoins
    • Off Topic
  • Russian
    • О Форуме
    • Новички
    • Chia Майнинг
    • Крипто Мир
    • Монеты / Токены
    • NFT & коллекции
    • Баунти кампании
    • Биржи криптовалют
    • Обменники
    • Defi
    • Трейдинг
    • ICO/IEO's
    • Мобильные Приложения
    • Кошельки
    • Инструкции
    • Майнинг
    • Услуги
    • Работа
    • Искусственный интеллект (ИИ)
    • Игры / Хайпы / Краны
    • Купить / Продать
    • Реферальный раздел
    • Оффтопик

Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


About Me


BTC


ETH

Found 1 result

  1. Price crash. Bitcoins going zero in value. People losing interest in crypto due to lowering prices. Indeed, speculations about cryptocurrencies losing value has flooded the internet world over the years, and we have a history of crypto markets tumbling down, but still, crypto is still pretty much alive and kicking. And some people took it as an opportunity to gain profits despite the negative feedback. Remember the Mt. Gox incident of 2014? When the exchange took its unamusing and pitiful downfall, prices crashed, crypto users were shocked and angry, and long-time critics and disbelievers were having a field day. But prices not only eventually recovered, they also have increased as well, a stark defiance of what doomsayers have predicted for the end of crypto. Or the time when in 2017, Bitcoins dipped in September when China cracked down on ICO's and exchanges? Not only did Bitcoin's prices nearly doubled from $2,900 to $5,600 after its aftermath, it was only a scant few more months before the infamous $17,000+ Bitcoin bullrun began. And the rest was history. And now in 2020, we have another history in the making: crypto prices came crashing down as the COVID-19 pandemic rages across the continents. And already we are seeing signs of history repeating itself again as crypto prices starts recovering and anticipating Bitcoin's next halving this year. What did all these events, and many more, have in common? Some people bought crypto when prices crashed, and has profited handsomely for it. Most seasoned crypto users know that one can gain profits from bullruns, but not everyone knows that price crashes can be as good as bullruns for profiting as well. One can wait for prices to dip as far low as it can, and buy coins while they're cheap in the hope that it will soon rise in price due to demand for cheaper coins rising. Even if one sells the cheaper coins he bought before during the price crash, at the price of the time before the crash happened and that particular coin has recovered or even got more expensive, can be considered profitable. Taking the recent price dip of Bitcoins due to COVID-19 as an example, it has briefly touched $10,000 earlier this year, and its price crashed down to around ~$4,000. Some didn't lose heart and bought Bitcoins during those times, and now Bitcoins has steadily risen to more than $7,000 as of April 9. Those that bought Bitcoins back when it was cheaper can now profit from it if they sell now, if they want to. But most likely, they'll hodl it while waiting for the next halving, which is another story that will soon unfold. Some people might have an inkling that it doesn't always work that way, and they are justified in thinking so. So long as major cryptocurrencies like Bitcoin and the top 10 altcoins are supported by its users, whenever there is a price dip, it will almost always recover. But not every coins are so lucky. If one takes Bitcoin Cash, a hard fork of Bitcoin, as an example, it has yet to recover from the higher prices it has enjoyed in its earlier days. Excluding that, there are many more tales of altcoins and (legit) ICO's having their prices crashed never being able to recover, and have ended up as another casualty in the ever-growing number inside the All Time List of Shitcoins. So in the end, it still comes down to investing and trading at the right time and with the right coins. Caution is advised for the more questionable coins. So next time, do not think quickly of prices crashing as a sign of the end times for crypto. Think of it as an opportunity instead. The old saying "Every cloud has a silver lining" works here.
×
×
  • Create New...