Topic: All altcoins dumping at the moment. (Read 2554 times)
Some altcoins have recovered today. This is the good time to buy them. I think we can choose Mona, Zen, WTC, Dash,...
I think that we are not yet in disbelief market cycle. Dumping will go on until some days before the November fork.
Right before the fork alts will come back and be stronger as in the beginning of this year imho. I will start buying alts again one week before the fork.
Also not all coins are obliged to return to their price which was before the down, also have to hit the strongest to earn. Right before the fork alts will come back and be stronger as in the beginning of this year imho. I will start buying alts again one week before the fork.
I wonder about GAS/BTC 's dumping yesterday. It dumped to 0.00200 for a short time. I hope it will happen again. Wanna buy some 
And you will be able to, trend of the market today is positive so prepare your money and pick a good time.
time to buy now as many as you can, go for XRP also long term, now it's cheap
It looks like NEO is making a turnaround. Things are looking good on both the 4 and 1 hour charts!
it's time to buy it)
Bitcoin market has since recovered except ethereum and others altcoins that is suffering from that attack. There was a FUD created by Chinese government and comments by Jamie Dimon then that is affecting the market and we need to actually come out of this in other to progress.
Nov fork date will be a key event!
I think that we are not yet in disbelief market cycle. Dumping will go on until some days before the November fork.
Right before the fork alts will come back and be stronger as in the beginning of this year imho. I will start buying alts again one week before the fork.
Right before the fork alts will come back and be stronger as in the beginning of this year imho. I will start buying alts again one week before the fork.
September post
Yet it happen still in October because of the Bitcoin Raise
The previous Dump was due to major market crash but now is due to everyone wanted to get Bitcoin Segwit 2x coin i guess
Yet it happen still in October because of the Bitcoin Raise
The previous Dump was due to major market crash but now is due to everyone wanted to get Bitcoin Segwit 2x coin i guess
I wonder about GAS/BTC 's dumping yesterday. It dumped to 0.00200 for a short time. I hope it will happen again. Wanna buy some
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.It is quite possible that Dash will go to the moon. The development team is very strong.
I think we need to change this to "why altcoins are pumping at the moment". As we can see bitcoin is over $6000 now and the value of the other coins are going up as well. No one knows on when the price will dump/pump that depends on the market and we cannot predict it. And also it depends on the current events whether its good or bad (Ex. China banned ICO's when bitcoin went to $3000)
The two aspect being discussed here as blame are both misleading to some extent.
JPMorgan is pure fud and people with any grasp on economics would wonder why they are spending so much time attacking bitcoin, its actually drawing attention to it as a option for investing. They could easily have ignored bitcoin and it would have done nothing, instead they drew attention to it and its opening eyes of people that never would have known. Might lose some but it gains more traction long term.
The Chinese get a lot of attention as well but look at how China limits each person to $50K USD a year to take outside the Country. With clamps on foreign ownership around the world out of necessity they will need to turn to other options to get money out. Bitcoin is a very good option still and exchanges will continue to pop up through word of mouth.
Its a blip and is almost the same as every once in a well Russia saying it will clamp down but with a little more bite to it.
Altcoins generally suffer when forks happen and speculation drives people to bitcoin rather than potentially waking up to a lose in alts just because of a fork issue.
JPMorgan is pure fud and people with any grasp on economics would wonder why they are spending so much time attacking bitcoin, its actually drawing attention to it as a option for investing. They could easily have ignored bitcoin and it would have done nothing, instead they drew attention to it and its opening eyes of people that never would have known. Might lose some but it gains more traction long term.
The Chinese get a lot of attention as well but look at how China limits each person to $50K USD a year to take outside the Country. With clamps on foreign ownership around the world out of necessity they will need to turn to other options to get money out. Bitcoin is a very good option still and exchanges will continue to pop up through word of mouth.
Its a blip and is almost the same as every once in a well Russia saying it will clamp down but with a little more bite to it.
Altcoins generally suffer when forks happen and speculation drives people to bitcoin rather than potentially waking up to a lose in alts just because of a fork issue.
This seems weekend profit taking or another round of selling altcoins to buy bitcoin
ahead of next week's bitcoin gold fork. Hopefully, should be over by Monday.
ahead of next week's bitcoin gold fork. Hopefully, should be over by Monday.
What exchange showed every single coin dropping, because that was a pretty limited list. I checked the five big exchanges and at the time of your posting 79% of the coins were even or rising. I failed to find a single moment in the history of crypto when 100% of the coins out there were losing value. Maybe a new exchange for you, because the markets on our side are positive and good.
I think most altcoins are dropping relative to bitcoin. They might rise against fiat.
What exchange showed every single coin dropping, because that was a pretty limited list. I checked the five big exchanges and at the time of your posting 79% of the coins were even or rising. I failed to find a single moment in the history of crypto when 100% of the coins out there were losing value. Maybe a new exchange for you, because the markets on our side are positive and good.
Will TFL go $1 in 2 or 3 days? I want to withdraw my TFL token to convert cash. Seeking suggestion for this asset.
I read JP Morgan bought 5 mio of BTC for its clients 
the numbers really make you think about how relative this decentralisation is...
I think whatever JP morgan does to attack bitcoin, if the bitcoin user and other users cryptocurrency keep it hand in hand and stay calm, I'm sure bitcoin and cryptocurrency can get through this problem, I'm sure cryptocurrency will continue to grow although many issues and problems come the numbers really make you think about how relative this decentralisation is... The attack has failed. The price of Bitcoin now is higher than when the attack happened.
I think whatever JP morgan does to attack bitcoin, if the bitcoin user and other users cryptocurrency keep it hand in hand and stay calm, I'm sure bitcoin and cryptocurrency can get through this problem, I'm sure cryptocurrency will continue to grow although many issues and problems come
Yeah but there will still be some kind of effect this will have on the market and not everyone is gonna sit tight and keep it hand in hand and stay calm, some will also take the opportunity to make more FUD to bring prices down not just to bitcoin but to many cryptocurrencies out there. For those who really believe in crypto, get ready to buy lots because in the next few days we might see good opportunities to buy some coins cheap. 
I read JP Morgan bought 5 mio of BTC for its clients the numbers really make you think about how relative this decentralisation is...
I think whatever JP morgan does to attack bitcoin, if the bitcoin user and other users cryptocurrency keep it hand in hand and stay calm, I'm sure bitcoin and cryptocurrency can get through this problem, I'm sure cryptocurrency will continue to grow although many issues and problems come the numbers really make you think about how relative this decentralisation is... 
Ah, all the noobs using the word "dump" indiscriminately. Please stop it. I've said this over and over: "pump & dump" refers to a scam. That's it's only legitimate use. When prices fall, they fall, and when they go up they go up. Something doesn't "pump". Every time I read that, it's the most moronic thing ever.
I have one sharp eye on the altcoin market, and it looks like stuff is rebounding a little. Go to Yobit to gamble away on the altcoins. This OP is a few days old, so shit that was blasting upward is probably getting slaughtered now. It's all a game for fools to lose their money on. That's the only logical way of looking at it. You ever going to spend these shitcoins on something tangible? Hell no you're not. They're worthless pieces of p&d schemes.
I have one sharp eye on the altcoin market, and it looks like stuff is rebounding a little. Go to Yobit to gamble away on the altcoins. This OP is a few days old, so shit that was blasting upward is probably getting slaughtered now. It's all a game for fools to lose their money on. That's the only logical way of looking at it. You ever going to spend these shitcoins on something tangible? Hell no you're not. They're worthless pieces of p&d schemes.
Good point. People keep saying pump and dump. Pump to the moon. And everything dump. Also, everything red or green is something I hate to see.
But one thing here. I thought dumping originated from stock exchange vocabulary, no? I hear even on TV like Bloomberg news, people talk about dumping shares to take profits for the weekend.
All beginners know and use this term every day, I think it's natural, because dump is one good strategy to buy back the potential of altcoin, let them express the idea and we just need to enjoy the fundamental graphics and get what we want from the market movement, all beginners in the trade must have experienced the process, they are right in this case.
Ah, all the noobs using the word "dump" indiscriminately. Please stop it. I've said this over and over: "pump & dump" refers to a scam. That's it's only legitimate use. When prices fall, they fall, and when they go up they go up. Something doesn't "pump". Every time I read that, it's the most moronic thing ever.
I have one sharp eye on the altcoin market, and it looks like stuff is rebounding a little. Go to Yobit to gamble away on the altcoins. This OP is a few days old, so shit that was blasting upward is probably getting slaughtered now. It's all a game for fools to lose their money on. That's the only logical way of looking at it. You ever going to spend these shitcoins on something tangible? Hell no you're not. They're worthless pieces of p&d schemes.
I have one sharp eye on the altcoin market, and it looks like stuff is rebounding a little. Go to Yobit to gamble away on the altcoins. This OP is a few days old, so shit that was blasting upward is probably getting slaughtered now. It's all a game for fools to lose their money on. That's the only logical way of looking at it. You ever going to spend these shitcoins on something tangible? Hell no you're not. They're worthless pieces of p&d schemes.
Good point. People keep saying pump and dump. Pump to the moon. And everything dump. Also, everything red or green is something I hate to see.
But one thing here. I thought dumping originated from stock exchange vocabulary, no? I hear even on TV like Bloomberg news, people talk about dumping shares to take profits for the weekend.
price correction thats all. market still thinks bad news are coming
So just because ripple , eth , xmr , ltc fell that means while market is down. You can say most altcoins are down but these coins have really huge market caps and way higher trading volumes and it will take more time for them to recover than other alts. If you see cloakcoin the price never fell for it this fall had a reason only because of a single country it's high time you all grab alts sooner the market is recovering slowly don't regret later.
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.
Dumping and Pumping is the Part of Altcoin Trade so be patients and Keep Hold till you got profit !
but some time it take a time to comeback ! So be Carefull While trading Altcoin !
Happy Trading !
Thanks
Price correction was done already, this drop is due to the news China has brought us. Mostly negative news that's why bitcoin and most of the altcoins are dumping recently but don't loose hope yet, it'll regain back and increase back its price.
don't assess too much mate this market still can be influenced by the big players alts coins are affected due to the fact of panic sellers, as we knewthat china's issue and JP morgan's owners really shaking the market, but we cant deny the fact that its not just china and US who played with crypto
so we can see another bounce back we just cant say when it will happen again.
Check out Korecoin, it's been going wild despite the bitcoin downturn.
Ah, all the noobs using the word "dump" indiscriminately. Please stop it. I've said this over and over: "pump & dump" refers to a scam. That's it's only legitimate use. When prices fall, they fall, and when they go up they go up. Something doesn't "pump". Every time I read that, it's the most moronic thing ever.
I have one sharp eye on the altcoin market, and it looks like stuff is rebounding a little. Go to Yobit to gamble away on the altcoins. This OP is a few days old, so shit that was blasting upward is probably getting slaughtered now. It's all a game for fools to lose their money on. That's the only logical way of looking at it. You ever going to spend these shitcoins on something tangible? Hell no you're not. They're worthless pieces of p&d schemes.
I have one sharp eye on the altcoin market, and it looks like stuff is rebounding a little. Go to Yobit to gamble away on the altcoins. This OP is a few days old, so shit that was blasting upward is probably getting slaughtered now. It's all a game for fools to lose their money on. That's the only logical way of looking at it. You ever going to spend these shitcoins on something tangible? Hell no you're not. They're worthless pieces of p&d schemes.
nothing to worried about.
allcoin or btc cant just move up every day / month.
with time you forgot the correction or the dumping and the market grow again.
if BTC just go up to 20000 you have to bee anxious.
allcoin or btc cant just move up every day / month.
with time you forgot the correction or the dumping and the market grow again.
if BTC just go up to 20000 you have to bee anxious.
The market is just a little bit scared about the current situation. All that China rumors and JP morgan shit is going to make the people weak and theyre all selling. But I think the most altcoins are still doing good, they havent bleeded like bitcoin in the last time 
The reason for its depreciation is because of I think the news about JP Morgan or something like that thus making it pull the prices down to mostly all altcoins and bitcoin as well.
I read JP Morgan bought 5 mio of BTC for its clients the numbers really make you think about how relative this decentralisation is...
the numbers really make you think about how relative this decentralisation is... 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 is because of the fud of jp morgan and not just by the correction. we all know that when bitcoin drops all cryotpcurrency are affected.
Condition of cryptocurrency value largely being weakened and it doesn't rule out this a negative effect from Chinese actions. But i'm sure it's only a moment, someday will strengthen again after things start to improve.
This happen as normally if Bitcoin price go lower because majority coins trading based on Bitcoin
I think fud is end. price fall down because this is weekend so china trader so their coin to get money for party.
I usually do not trade altcoin at high prices as it is easy for me to buy peaks and sell bottoms, but in recent times altcoin prices have continued to fall and fall in very fast time and this is the best chance to buy altcoin cheap.
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 $0.19. I think Chinese government and traders are really dealing with altcoins and bitcoin hard now.
Yes they are and with the news that are being known. I think its normal nowadays because many are waiting and buying bitcoins to prepare in the year of 2018 which bitcoins price can rise more than as expected because of adoption. 
even bitcoin price drops.
all coins 20% + of their price drop.
and i think its because the news :3
i think its a huge opportunity to buy them cheap when their all equally
drop price ..
and wait for them to rise again
all coins 20% + of their price drop.
and i think its because the news :3
i think its a huge opportunity to buy them cheap when their all equally
drop price ..
and wait for them to rise again
Price correction was done already, this drop is due to the news China has brought us. Mostly negative news that's why bitcoin and most of the altcoins are dumping recently but don't loose hope yet, it'll regain back and increase back its price.
It can still go both ways, we can see another dump to 2700$ or if the bulls will wake up and turn around this market in a week or two we will be back to 4500$+Nothing is predictable in the market because China is creating a lot of panic in the market, so once if they release any positive news about the market then the price of Bitcoin will start moving again.
Well all the cause is the latest news in China which that lately shocked to many peoples and weaken the prices of all Altcoins. This certainly has been known to many peoples, and the disappointment of them will be really so felt including me. We can only hoping that's everything affecting the prices of all altcoins become down is lost and the prices of all Altcoins will be increasing again.
Some unexpectable news, correction, pumps, dumps all these always interect with crypto market 
Well all the cause is the latest news in China which that lately shocked to many peoples and weaken the prices of all Altcoins. This certainly has been known to many peoples, and the disappointment of them will be really so felt including me. We can only hoping that's everything affecting the prices of all altcoins become down is lost and the prices of all Altcoins will be increasing again.
I'm not entirely sure the drop is related to china
Altcoins cannot remain at the same market value when Bitcoin which they depend on is currently falling. The proclamation of a ban on the activities of crypto currency by the Chines government has affected bitcoin value and that is why all other altcoins are declining in value at the moment.
It depends on the coin.
For as long as bitcoin is going down, most of the alternate coins as well are going down with bitcoin. It has a huge impact most especially with altcoins but hopefully will soon recover after all of this negative news against bitcoin. First it was about China and now Jaime Dimon has a lot to say negative about bitcoin and it's going down again further more.
There are other reasons why there are downtrend on crypto price for example Mr. Dimon warned that governments will eventually crack down on cryptocurrencies and will attempt to control it by threatening anyone who buys or sells bitcoin with imprisonment, which would force digital currencies into becoming a black market. These are the latest comments from Dimon attacking bitcoin. Earlier this month he called the cryptocurrency a "fraud". His comments, along with several prominent hedge fund investors, came before a sharp sell-off in bitcoin. The price for one bitcoin fell from around $4,340 to as low as $2,981.05 in the days after his comments.
I think Jamie Dimon will be punished by manipulating the coin market.
There are other reasons why there are downtrend on crypto price for example Mr. Dimon warned that governments will eventually crack down on cryptocurrencies and will attempt to control it by threatening anyone who buys or sells bitcoin with imprisonment, which would force digital currencies into becoming a black market. These are the latest comments from Dimon attacking bitcoin. Earlier this month he called the cryptocurrency a "fraud". His comments, along with several prominent hedge fund investors, came before a sharp sell-off in bitcoin. The price for one bitcoin fell from around $4,340 to as low as $2,981.05 in the days after his comments.
Price correction was done already, this drop is due to the news China has brought us. Mostly negative news that's why bitcoin and most of the altcoins are dumping recently but don't loose hope yet, it'll regain back and increase back its price.
don't assess too much mate this market still can be influenced by the big players alts coins are affected due to the fact of panic sellers, as we knewthat china's issue and JP morgan's owners really shaking the market, but we cant deny the fact that its not just china and US who played with crypto
so we can see another bounce back we just cant say when it will happen again.
Price correction was done already, this drop is due to the news China has brought us. Mostly negative news that's why bitcoin and most of the altcoins are dumping recently but don't loose hope yet, it'll regain back and increase back its price.
don't assess too much mate this market still can be influenced by the big players alts coins are affected due to the fact of panic sellers, as we knewthat china's issue and JP morgan's owners really shaking the market, but we cant deny the fact that its not just china and US who played with crypto
so we can see another bounce back we just cant say when it will happen again.
Price correction was done already, this drop is due to the news China has brought us. Mostly negative news that's why bitcoin and most of the altcoins are dumping recently but don't loose hope yet, it'll regain back and increase back its price.
It can still go both ways, we can see another dump to 2700$ or if the bulls will wake up and turn around this market in a week or two we will be back to 4500$+
Price correction was done already, this drop is due to the news China has brought us. Mostly negative news that's why bitcoin and most of the altcoins are dumping recently but don't loose hope yet, it'll regain back and increase back its price.
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.
The price already back to the above 3500 for each bitcoin but that wasn't mean the price will be stable in above 3500 or even 4000 again. The chinese news gets a lot of impact to the market and that makes the market feeling stressed due to the a lot of chinese exchange site are closing their service. 
But now all alt coin is start pumping, now BTC 3560 USD and ETH 243 USD.Not only BTC and ETH there are many coins come to back their destination.After within few days huge pump all altcoin.
all money going to to the bitcoin. thats why all altcoins dumping. people waiting for stabile bitcoin price then they can back to altcoins.
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.
Glad to say we're back. It was a bit scary, but still.
yes.. if all alt dump, then this is the right moment to buy and hold for long term.
JP Morgan statement concerning crypto currency couple with the ban of ICO by the China government are the major issue for the current decline in the market value of bitcoin. Worthy of note is that, What ever affect bitcoin will definitely affect altcoin since they are all dependent on bitcoin in most cases.
At my experience most established altcoins like Ethereum, Litecoin, ZCash and even Dogecoin have moved with Bitcoin for years. As soon as Bitcoin will rebound, altcoins will follow. As soon as users are aware, that cryptocurrencies are not based on laws of single government, growing market will continue its success.
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.
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.
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.
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.
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.
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.
https://cointelegraph.com/news/breaking-bitcoin-exchange-btcchina-will-close-by-october
Maybe this is the main reason of dumping all of coins today.
Maybe this is the main reason of dumping all of coins today.
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.
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.
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.
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/
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. 
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.
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