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Topic: $43 Billion Wiped Out of Crypto in 5 Days as Bitcoin Price Rebounds (Read 411 times)

newbie
Activity: 28
Merit: 0
Market capitalization was wiped out due to the delay of the ETF bitcoin and many people lost confidence in the market and they sold off. When all the hype surrounding the ETF exploded because of its apparently pretty speculative sell Because they did not go their way. We need to avoid panic and manipulation. Otherwise, we can not see the stability of the market.
legendary
Activity: 1904
Merit: 1073
These are the "Clickbait" type articles that are being used to draw the most attention to their site. You read that and you

think, damn!...The sky is falling and then it turns out that it is just a minor dump of all Crypto currencies and the sky is not

falling after all.  Grin If it was any other commodity, I would have "exited" when something likes this happens, but this is Bitcoin

and we know what happens after a major correction.  Grin

Yeah and I can't wait what will be unfold after this major correction. The market is flooded by newbies that doesn't know how to withstand every volatility and easily dump their holdings. Everything that happen now is all usual and nothing to be worry so quit thinking negativity and wait for the market turn the other way.

The problem with these newbies are the negative consequences of their actions. They SELL too early, because they do not

know the ropes and then they get burnt and they lose money. The next thing you know, they point the fingers at Bitcoin,

because it is human nature to get excuses for your own mistakes. Now, suddenly Bitcoin is a bubble and a Ponzi scheme and

all the negative things that they can think of, but never their own fault.  Roll Eyes
full member
Activity: 456
Merit: 100
These are the "Clickbait" type articles that are being used to draw the most attention to their site. You read that and you

think, damn!...The sky is falling and then it turns out that it is just a minor dump of all Crypto currencies and the sky is not

falling after all.  Grin If it was any other commodity, I would have "exited" when something likes this happens, but this is Bitcoin

and we know what happens after a major correction.  Grin

Yeah and I can't wait what will be unfold after this major correction. The market is flooded by newbies that doesn't know how to withstand every volatility and easily dump their holdings. Everything that happen now is all usual and nothing to be worry so quit thinking negativity and wait for the market turn the other way.
newbie
Activity: 56
Merit: 0
It will be better if we just stop following CNN news for this matter. Even though that news channel is the best in the world, but they cause panic among the people for no reason.
legendary
Activity: 1904
Merit: 1073
These are the "Clickbait" type articles that are being used to draw the most attention to their site. You read that and you

think, damn!...The sky is falling and then it turns out that it is just a minor dump of all Crypto currencies and the sky is not

falling after all.  Grin If it was any other commodity, I would have "exited" when something likes this happens, but this is Bitcoin

and we know what happens after a major correction.  Grin
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
Why what happened..whats going on can't understand...how fast is alt coins downward..worried about losses too much  Huh any hope for coming days??

Volatility and decentralization,only newbies are being affected by this,because those members that has been around for years knows that thisis a normal scenario when talking about crypto capabilities ..for how many times that we've been here we cant count how many situations like this happens and yet bitcoin stands strong together with altcoins
full member
Activity: 325
Merit: 100
This is stressful but don't panic it was a trap those weak hands will fall into this many people are using false news in crypto so the market is down and worse scenario is many people are dumping also because of that false news . Better not to give an attention in some news. So that you will not be affected on that.
newbie
Activity: 56
Merit: 0
The predictions are not always accurate but it could be close to it. Plus we need to stop panicking and need to stay calm.
newbie
Activity: 1
Merit: 0
It never ends.  Crypto assets are volatile. 

The NYSE is volatile at times too.
jr. member
Activity: 238
Merit: 1
in two days everything went down even lower! I do not know to be honest when it all ends
member
Activity: 286
Merit: 31
Why what happened..whats going on can't understand...how fast is alt coins downward..worried about losses too much  Huh any hope for coming days??
Nobody has good opinion about this. But we can say this is because people want to stay safe to pull out the money first before good news coming. In the end of september i think great news will come about bitcoin so i just wait till that day. We hope the bearish is finish soon.
newbie
Activity: 100
Merit: 0
That's a shocking news. The cryptocurrency market lost almost 12 billion dollars within 24 hours on August 11. This steep decline of price of cryptocurrencies have left the investors astonished.
full member
Activity: 456
Merit: 100
If you're a long term holder then you don't need to worry about the market and stop too much worrying because it can just make you panic and sell. If you think you've seen too much well it's not because many things will happen. If you have strong faith in bitcoin then believe and live on it because sooner it will all be pay off.
newbie
Activity: 103
Merit: 0
Bitcoin and other crypto shows their down market and hope bitcoin will be increase like 2017 and it will go aroung 10k$ at the end of the year.
newbie
Activity: 29
Merit: 0
Still now market is not in a good shape and i hope market will back to normal and i believe at the end of this year market will reach $20k.
newbie
Activity: 239
Merit: 0
Still I am not understand what happen with bitcoin this year still it decreasing below it's lowest rate.
newbie
Activity: 224
Merit: 0
Bitcoin passing it's most measurable situation recently and many investors left bitcoin and lose their interest from bitcoin.
newbie
Activity: 26
Merit: 0
Like what everyone said , calm down and hold out to your coins for now is the probably the best option you have.
newbie
Activity: 75
Merit: 0
why you people become serious that much? clam down. i suggest you to hold the coin and take patience. market will come back normal within short possible time.
newbie
Activity: 53
Merit: 0
Very very frustrating but we just have to keep Hope alive
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