Why is crypto crashing today? Cryptocurrency markets have crashed to a new low of this year today (13th June, 2022). The global market cap has shrunk below $1 trillion to $977 billion, around 12 % fall since yesterday. The global cryptocurrency market cap has fallen by around $1 trillion this year while almost every top coin is now worth half or even less than their all-time highs.
The immediate trigger for the crypto crash appears to be a massive sell-off by investors amid heightened inflation fears and pausing of withdrawal by crypto lending service Celsius. Investors are also continuing to stay away from riskier assets, which is reflecting in the stock markets as well.
Bitcoin, the biggest and most popular cryptocurrency, has fallen below $22,000 while almost all altcoins, starting from Ethereum, are bleeding prices since weekend.
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34 Comments
The bottom is depend on the FED
Just short any pump until it doesn't work guys
I actually think pretty much all currently available coins including BTC will fail and fade to make room for a new, regulated coin that's easier to manage and that will become an international retail currency which Bitcoin and Co never accomplished. BTC might become worthless soon. I'm not happy about it, I'm loosing too, so don't blame the messenger.
it's just my opinion please don't get it as a strategy or analysis. Israel will attack Iran soon, it depends on the Iranian regime but it is almost certain, at the same time if China invades Taiwan, look for 8000$ BTC I mean the lowest price. if this happened, and the USA gets involved, probably after 2023 cryptos will go up. long story
i wait for something at 3800
I’ll look in a few years
You should have listened to me bro. I told you that the bottom was no where close and you were gonna get rekt.
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Arty, technically most pro traders already knew btc would hit 19k or even 15k. We KNEW since january
in my opinion you didn't lose money if you didn't sell…
I appreciate all your videos, and I learned about SMMA directly from you. With that being said, use the 200 SMMA on a weekly chart and its only been touched in 2015 bear market, and the 2020 covid dump. The current 200 SMMA is around 17,750. I think a wick there could be a bottom, that will also retest and make a double bottom with a bullish divergence. Thanks for your work!
Not trying to be a smart ass or make you feel worse, but I wish people would just take a step back and look at what exactly bitcoin and cryptos are. It's based on absolutely nothing. How on earth can just doing mathematical calculations with a bunch of graphics cards in your garage create any value? It's completely just a ponzi scheme. I think you should start unloading even now because it has no real underlying value and is not a good investment.
Hi everyone!
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Crypto has 0 value.. NONE. It makes nothing and is purely based on speculation. It is fun to play but if you spend real money you are pretty much joining a pyramid scheme that is going to burn more people than it enriches. I put my money in actual companies that produce stuff and things (technical term) and is not based on pure speculation. I have NEVER lost money with a diversified portfolio and holding long. NEVER.
TMA Divergence indicator link was broken please have a look in it..
So bad. Don't loose your hope. You will get it all in future
Cant even Imagine how it feels like loosing 400k. Lost my last $200 bucks in that cascade and feel pretty bad. YOU have the skills to make it back. All the best Arty!
not always win in trading… no need to be sorry… always appreciate your explanation
I passed the million in losses,The most important thing I learned from this, sleep eat and buy crypto.
Bitcoin will go to 0!
Bitcoin is transforming into Bittercoin.
I don't know but I have this feeling that manipulators need liquidity, pushing us to close our long positions or get stopped out or short, so they could buy. I maybe way wrong. but It's just a gut feeling. Lol. Thanks a lot Arty for sharing with us what you see. =)
it's alright. Everybody's wrong at some time.
It's far from over in my opinion. I'm in a loss too but I haven't bought much though.
Only who sell, will be loser so, be patient and every 5k down movement of bitcoin is like opportunity to buy btc because in 2030 you will retire ! and you will buy an island too 😀 😀
Everything is -50% except for real estate and I happen to be a home buyer Fu*#$%&
Even my portfolio value came down to 30% only I have no idea what to do
should I add more to average the position please help arty
😇🙏🙏🙏
Man, I lost about $600 and feel bad, I can’t imagine $390,000!
That about minus 200 million dollars profit. 17 komma 483
I don’t feel as bad as my 20k loss
Gotta wait until 2025 for the next bull run
The bottom is simply when bitcoin goes to zero, which is the real intrinsic value of a number in computer, meaning it has no value at all. Good luck to all of you.
just take all your money out, not everyone can make profit! Only the big sharks are the one who are taking your money!