Quote from: Papsie on May 17, 2021, 06:52:38 PM

Quote from: RbiggerG on May 14, 2021, 11:59:22 AM

Quote from: Papsie on May 13, 2021, 07:35:58 PM

Quote from: Sled on May 13, 2021, 06:42:17 AM

Quote from: Wawa2013 on May 12, 2021, 09:37:42 PM

Quote from: Fredomago on May 12, 2021, 09:11:17 PM

Quote from: Papsie on May 12, 2021, 08:33:15 PM

I hope not. I hope it is just some market correction or market consolidation that is part of the bull run. Or do you think it has something to do with the so called meme coins that arise this past few weeks?

yeah right, too early to have conclusion that as the market again experiencing correction after trying to break $60K, now is below $55K though there's still flowing money inside,

Very possible that those who invested and follow the hypes of certain meme projects are now being shaken and start to panic, it's all on the hands of strong supporters to avoid further damages and throw those possible new investors.

Everything rely's with how investors and traders treat the situation bull will stay if strong holders and believers will stay positive

and let this artificial dump happened and wait again for another bounce.

I think as long as Bitcoin is above $ 50k the bullrun should still be going on and will probably continue until the end of the year. So there is no need
to panic seeing several altcoins falling, one of which is Dogecoin which fell quite deeply after successfully touching the ATH price. This is something
that usually happens in the crypto world, we just need to be patient and keep holding our coins. Because usually the crypto market recovers faster,
since many institutions have invested in Bitcoin.

People panic when they see the price is falling, that's normal, a specific price is not in their mind, they would expect that bitcoin will continue to rise so they will make a profit. The ATH of bitcoin is $60k, now it's already priced at $50k, if you compare, you'll see that there's a big decrease and still we believe bitcoin will pump, I guess we have to open our eyes, anytime soon bitcoin will start its correction, a heavy correction just to be specific.

What goes up must come down also and it is really part of any stock market like crypto. As they said, in this kind of market the one who don't have patience will definitely loose at the end. As of this moment, btc price down to $48k, if this is really a bearish market so be it. At least we have the opportunity to go shopping in exchanges because the market is on sale.

If patience was the only determinant everybody would just wait, but trust me, some would wait until the end of their lives. You also need some luck with all endeavors, and the crypto market involves some luck as well. Its history is so short that nobody can seriously claim to fully understand how the market works.

Yeah I agree that crypto market is really broad and complex that is why we should focus on what we can learn or something that can obtainable the information. Me personally, I don't really give too much time and effort on the coin/project which the information and data is hard to understand and complicated to gather.
No mate, not the literal "just wait" and you will become rich. Wait with enough knowledge and full consent on the possible outcome.

Right but acquiring knowledge in the crypto space can be cumbersome. A lot of the projects don't come up with trivial technology and its real world implications are often hard to judge. On paper it all looks great but discerning what it means for an application that actually gets used is a completely different story.