All altcoins dumping at the moment. - page 4.

legendbtc

hero member

Activity: 1092

Merit: 502

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Quote from: arpon11 on September 14, 2017, 12:23:55 PM

I could not understand what is happening, from price correction to this mighty price dump. Bitcoin bellow $3500, ethereum $235, litecoin now $48 and ripple fall below $0.19. I think Chinese government and traders are really dealing with altcoins and bitcoin hard now.

Yes, right now there is completely downfall because after the Chinese government announced to ban Bitcoin exchanges. Nobody doesn't know why they took a strong decision in Banning the exchanges and now it is affecting other altcoin and with Bitcoin also.

Lanatsa

hero member

Activity: 2856

Merit: 655

Quote from: kryptqnick on September 14, 2017, 03:03:33 PM

Quote from: Lanatsa on September 14, 2017, 12:39:28 PM

Quote from: arpon11 on September 14, 2017, 12:23:55 PM

I could not understand what is happening, from price correction to this mighty price dump. Bitcoin bellow $3500, ethereum $235, litecoin now $48 and ripple fall below $0.19. I think Chinese government and traders are really dealing with altcoins and bitcoin hard now.

This China News is the main reason why most coins are dumping as of now.Its not actually a price correction but it was really dumping because of banning and closing exchanges together with some fuds. Price would really mainly affected on this one.Hopefully it would recover soon or even on this year.This is why we should really not panic sell and can somehow sustained the dump.

If one is looking for at btc as an investment then yes, totally, it's wise to wait till btc becomes great without China. Yet, as it is likely to take some time, for those who count on btc on regular basis it is better to cash out right now. As for alts, I expect them to recover sooner, for lots of them are actually not Chinese and are used not by Chinese. Thus, I think alts are now really good as a short-term investment option.

Correct, this is why on any decisions we would made we should really be careful and thinking always on win-win situation.Panic selling wont really give you a good thing but wrong decisions that you would able to regret later.If you are a short trader yesterdays opportunity had come on where the price had pumped almost $1k price which would actually give you some sweet profits if you do enter the right time.

kryptqnick

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Activity: 3122

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Quote from: Lanatsa on September 14, 2017, 12:39:28 PM

Quote from: arpon11 on September 14, 2017, 12:23:55 PM

I could not understand what is happening, from price correction to this mighty price dump. Bitcoin bellow $3500, ethereum $235, litecoin now $48 and ripple fall below $0.19. I think Chinese government and traders are really dealing with altcoins and bitcoin hard now.

This China News is the main reason why most coins are dumping as of now.Its not actually a price correction but it was really dumping because of banning and closing exchanges together with some fuds. Price would really mainly affected on this one.Hopefully it would recover soon or even on this year.This is why we should really not panic sell and can somehow sustained the dump.

If one is looking for at btc as an investment then yes, totally, it's wise to wait till btc becomes great without China. Yet, as it is likely to take some time, for those who count on btc on regular basis it is better to cash out right now. As for alts, I expect them to recover sooner, for lots of them are actually not Chinese and are used not by Chinese. Thus, I think alts are now really good as a short-term investment option.

HPC1984

full member

Activity: 147

Merit: 100

Seems like a great time to buy to me.

As most people have mentioned, it's unlikely this will last forever.

From what I've read there's also a decision incoming on the Bitcoin ETF in October. Provided that's good news, there's a couple of good weeks to buy.

gedor

sr. member

Activity: 658

Merit: 255

I can say that market is still strong. Chinese people hold so much coins, and all chinese exchanges may be closed because of regulation but market is still strong.

christyh

member

Activity: 114

Merit: 100

https://cointelegraph.com/news/breaking-bitcoin-exchange-btcchina-will-close-by-october

Maybe this is the main reason of dumping all of coins today.

Hahnatise

newbie

Activity: 32

Merit: 0

Quote from: tomkat on September 14, 2017, 12:55:33 PM

Quote from: pedrog on September 14, 2017, 12:42:34 PM

Quote from: arpon11 on September 14, 2017, 12:23:55 PM

I could not understand what is happening, from price correction to this mighty price dump. Bitcoin bellow $3500, ethereum $235, litecoin now $48 and ripple fall below $0.19. I think Chinese government and traders are really dealing with altcoins and bitcoin hard now.

Bitcoin trading has been banned in China, major exchanges will cease operations, people are cashing out while they can.

Everything will go down.

https://www.coindesk.com/btcc-to-cease-china-trading-as-media-warns-closures-could-continue/

Trading will be halted for some time but I doubt they will cease operations.
Probably exchanges will wait for regulations and resume trading after few weeks/months.

They will still trade until end of September. Maybe by that time, they will be regulated and continue trade afterwards.

tomkat

hero member

Activity: 1022

Merit: 507

Quote from: pedrog on September 14, 2017, 12:42:34 PM

Quote from: arpon11 on September 14, 2017, 12:23:55 PM

I could not understand what is happening, from price correction to this mighty price dump. Bitcoin bellow $3500, ethereum $235, litecoin now $48 and ripple fall below $0.19. I think Chinese government and traders are really dealing with altcoins and bitcoin hard now.

Bitcoin trading has been banned in China, major exchanges will cease operations, people are cashing out while they can.

Everything will go down.

https://www.coindesk.com/btcc-to-cease-china-trading-as-media-warns-closures-could-continue/

Trading will be halted for some time but I doubt they will cease operations.
Probably exchanges will wait for regulations and resume trading after few weeks/months.

puremage111

hero member

Activity: 1568

Merit: 511

Quote from: Lanatsa on September 14, 2017, 12:39:28 PM

Quote from: arpon11 on September 14, 2017, 12:23:55 PM

I could not understand what is happening, from price correction to this mighty price dump. Bitcoin bellow $3500, ethereum $235, litecoin now $48 and ripple fall below $0.19. I think Chinese government and traders are really dealing with altcoins and bitcoin hard now.

This China News is the main reason why most coins are dumping as of now.Its not actually a price correction but it was really dumping because of banning and closing exchanges together with some fuds. Price would really mainly affected on this one.Hopefully it would recover soon or even on this year.This is why we should really not panic sell and can somehow sustained the dump.

Exactly, majority of people is dumping. People have to accept the fact that the china news + JPMorgan CEO statement just rekt the market real hard. If cryptocurrency could survive this current waves of FUD, it will proof that the world have a place for it.

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: arpon11 on September 14, 2017, 12:23:55 PM

I could not understand what is happening, from price correction to this mighty price dump. Bitcoin bellow $3500, ethereum $235, litecoin now $48 and ripple fall below $0.19. I think Chinese government and traders are really dealing with altcoins and bitcoin hard now.

Bitcoin trading has been banned in China, major exchanges will cease operations, people are cashing out while they can.

Everything will go down.

https://www.coindesk.com/btcc-to-cease-china-trading-as-media-warns-closures-could-continue/

Lanatsa

hero member

Activity: 2856

Merit: 655

Quote from: arpon11 on September 14, 2017, 12:23:55 PM

I could not understand what is happening, from price correction to this mighty price dump. Bitcoin bellow $3500, ethereum $235, litecoin now $48 and ripple fall below $0.19. I think Chinese government and traders are really dealing with altcoins and bitcoin hard now.

This China News is the main reason why most coins are dumping as of now.Its not actually a price correction but it was really dumping because of banning and closing exchanges together with some fuds. Price would really mainly affected on this one.Hopefully it would recover soon or even on this year.This is why we should really not panic sell and can somehow sustained the dump.

arpon11

sr. member

Activity: 882

Merit: 282

I could not understand what is happening, from price correction to this mighty price dump. Bitcoin bellow $3500, ethereum $235, litecoin now $48 and ripple fall below $0.19. I think Chinese government and traders are really dealing with altcoins and bitcoin hard now.

Topic: All altcoins dumping at the moment. - page 4. (Read 2528 times)