All crypto currency down :P | Bitcointalksearch.org

Osarman

hero member

Activity: 952

Merit: 503

Quote from: Scor1937 on January 08, 2018, 11:47:34 AM

Actually according to my research, all the alts mainly go red if the price for bitcoins is increased. Some alts have negative impact and they do grow along with bitcoins. Proer study is necessary to buy at dips and sell once high. I think, it is a good time to invest into altcoins like mainly DOGE. Doge too can go up. It is good to make some research before investing into. Hope you can find any good coin to invest into as all are red now. They will surely rise some or the other day so keep on holding your coins after the purchase.

Bitcoin is the benchmark for all the alternative coins and yes they all show different behavior. I highly support the idea of investing into alternative coins because I think it is good to have diversification in your investment. But I would rather go with Ethereum, ripple and Monero, may be Litecoin also.

Doge is also making its place in the list of trustworthy alternative coins but I am only curious about the performance of Ethereum this year.

Baoo

full member

Activity: 868

Merit: 116

Honestly, What happened is disappointing because all currencies are falling in the same time. Furthermore, I think something common has led to this problem and maybe a drop in the price of Bitcoin led to the fall of other currencies.

In fact, There is a reason for this, I guess that in last period there was a rise in bitcoin and that could be fabricated, In order to reduce the price of btc and then this affect negatively to other currencies (like : Ethereum , Ripple, Litecoin..). Because they rise a lot in the previous duration and this does not help bitcoin.

And in my opinion, this is the best moment to buy bitcoin because it is certain that the price will return strongly in the coming period.

Niflore

newbie

Activity: 52

Merit: 0

So, if this is the case - altcoins upgraded to strong buy Grin

penig

member

Activity: 266

Merit: 13

Quote from: mindphuq on January 08, 2018, 11:42:42 AM

Quote from: penig on January 08, 2018, 11:35:09 AM

Quote from: Niflore on January 08, 2018, 11:30:43 AM

You can check this topic https://www.reddit.com/r/CryptoCurrency/comments/7oxivj/cmc_just_tumbled_the_whole_market_with_one_move/

I don't know if it is legit, but at least less panic.

It is legit in that CMC has "removed" Korean exchange prices. The question is whether they proactively removed them or they just moved so far out of bounds that they triggered automated rules to restrict outliers. Korean prices are consistently high than other markets and some of the price differences show are ridiculous, so the new price is more accurate for the rest of the world.

This also means, that the whole CMC price was bogus the whole time to begin with. If you calculate the global price for a crypto and include local markets there, that sell the same crypto 30% over price, the whole data gets flawed.

That's what you get when you trust a single source.

Yes, though ironically CMC provided a service to create consensus view from many markets. The problem is in the exuberant Korean markets and people driving investment based on market cap rather than looking at values and benchmarking to $.

Only thing CMC could maybe have done is shut down for a half day to a day with a statement of what was occuring and let everyone readjust more rationally.

newinbtc

legendary

Activity: 1190

Merit: 1001

Quote from: buyandsale on January 08, 2018, 10:55:51 AM

is this the best time to buy now any currency its 8 th jan 2017 and just now seen all cryptos are down ...

yes this is good time to buy and hold the crypto , South korea will invest big amount again then price will rise again.

One korean exchange fase hacker attack also.
South Korea reviews accounts thats why price fall down

Actually this is good time to buy Bitcoin. in short

Rubick99

member

Activity: 484

Merit: 11

Yes, if altcoins price are falling down, this is time to buy. And if you already buy before it, don't panic sell. Just buyback and hold

conanmori2

newbie

Activity: 12

Merit: 0

This is a good news guys dont ever panic cus if you panic you will lose. You should better buy sell your Altcoins then buy BTC cus we know that if BTC is dipping its the best time to buy it and soon it will pump more X on your Investment. Dont Panic!!

Scor1937

full member

Activity: 252

Merit: 100

Actually according to my research, all the alts mainly go red if the price for bitcoins is increased. Some alts have negative impact and they do grow along with bitcoins. Proer study is necessary to buy at dips and sell once high. I think, it is a good time to invest into altcoins like mainly DOGE. Doge too can go up. It is good to make some research before investing into. Hope you can find any good coin to invest into as all are red now. They will surely rise some or the other day so keep on holding your coins after the purchase.

batman12345

newbie

Activity: 51

Merit: 0

this is good news. buy all altcoin as you can. but never cut loss.

BitCoinKeeper

member

Activity: 89

Merit: 10

Quote from: mindphuq on January 08, 2018, 11:17:30 AM

This might be the reason. Just CMC stuff...

Quote

Few hours ago Coin Market Cap removed Korean exchanges from their coin price calculations and being that all coins are about 30% pricier over there, it instantly tanked the price on CMC graphs. From what I see this is happening now :

CMC removed Korean exchanges
Prices/graphs instantly tanked (but in practice not relevant to people outside Korea who dont trade there anyhow)
Large number of people did not recognize what actually happened and that there were not moves/selling on their western exchanges
Those same people are now dumping large amount of coins trying to "cut loses" because of the false impression that coin is crashing.
Random stuff happening

https://www.reddit.com/r/CryptoCurrency/comments/7oxivj/cmc_just_tumbled_the_whole_market_with_one_move/

If people run their trade bots with CMC data, this might cause a massive panic sell by the bots in all currencies...

This is exactly what caused todays sell off, CMC removed the Korean exchanges .. Nothing to be alarmed with continue to hold. We knew this was likely to happen a couple months ago when the Korean's announced a crackdown on bitcoin. It will rebound to an all time high.

Mehdecline

newbie

Activity: 33

Merit: 0

I think it's best to sell asap and go bottom fishing when prices seem to stabilize. Usually this takes no more than 48 hours for prices to be stable.

mindphuq

member

Activity: 187

Merit: 20

Quote from: penig on January 08, 2018, 11:35:09 AM

Quote from: Niflore on January 08, 2018, 11:30:43 AM

You can check this topic https://www.reddit.com/r/CryptoCurrency/comments/7oxivj/cmc_just_tumbled_the_whole_market_with_one_move/

I don't know if it is legit, but at least less panic.

It is legit in that CMC has "removed" Korean exchange prices. The question is whether they proactively removed them or they just moved so far out of bounds that they triggered automated rules to restrict outliers. Korean prices are consistently high than other markets and some of the price differences show are ridiculous, so the new price is more accurate for the rest of the world.

This also means, that the whole CMC price was bogus the whole time to begin with. If you calculate the global price for a crypto and include local markets there, that sell the same crypto 30% over price, the whole data gets flawed.

That's what you get when you trust a single source.

wilhb81

full member

Activity: 224

Merit: 100

Any store can buy, sell, and accept Crypto

Well, it's another phenomena that caused by the "Panic attack selling" (welcome to the cryptocurrencies world) The CMC data thingy really has some heavy impact on the Bitcoin and other alt coins price.

Just hodl and stay still, everything going to be fined after the storm...

penig

member

Activity: 266

Merit: 13

Quote from: Niflore on January 08, 2018, 11:30:43 AM

You can check this topic https://www.reddit.com/r/CryptoCurrency/comments/7oxivj/cmc_just_tumbled_the_whole_market_with_one_move/

I don't know if it is legit, but at least less panic.

It is legit in that CMC has "removed" Korean exchange prices. The question is whether they proactively removed them or they just moved so far out of bounds that they triggered automated rules to restrict outliers. Korean prices are consistently high than other markets and some of the price differences show are ridiculous, so the new price is more accurate for the rest of the world.

MiddleFingerToTheMan

newbie

Activity: 37

Merit: 0

As far as I can tell the reason is due to China potentially shutting down mining & South Korea investigating banks dealing with crypto exchanges. I swear to god these f*cking sh*thole countries are always trying to spoil the fun, just f*ck off. At least when this is finally done then China will have no FUD weapons left in the arsenal.

The sooner decentralised exchanges go live the better.
Also I cannot wait to see the Orchid protocol smash through China's great firewall.

criticalcrypto

newbie

Activity: 24

Merit: 0

You should use tether to trade these dips

Niflore

newbie

Activity: 52

Merit: 0

You can check this topic https://www.reddit.com/r/CryptoCurrency/comments/7oxivj/cmc_just_tumbled_the_whole_market_with_one_move/

I don't know if it is legit, but at least less panic.

richyrich

newbie

Activity: 1

Merit: 0

For future reference, in the event that I feel the market is crashing, what is the best way to cash out? Just send it to my coinbase account? If everyone is doing the same is it possible coinbase wouldn't have the reserves to cover all the transactions?

Similarly, seeing as BTC and alts are down far more than ETH, wouldnt it make sense to at least sell the Alts and rebuy using the ETH which would later be worth more (as a % of the altcoin).

Cheers

mindphuq

member

Activity: 187

Merit: 20

This might be the reason. Just CMC stuff...

Quote

Few hours ago Coin Market Cap removed Korean exchanges from their coin price calculations and being that all coins are about 30% pricier over there, it instantly tanked the price on CMC graphs. From what I see this is happening now :

CMC removed Korean exchanges
Prices/graphs instantly tanked (but in practice not relevant to people outside Korea who dont trade there anyhow)
Large number of people did not recognize what actually happened and that there were not moves/selling on their western exchanges
Those same people are now dumping large amount of coins trying to "cut loses" because of the false impression that coin is crashing.
Random stuff happening

https://www.reddit.com/r/CryptoCurrency/comments/7oxivj/cmc_just_tumbled_the_whole_market_with_one_move/

If people run their trade bots with CMC data, this might cause a massive panic sell by the bots in all currencies...

lifetimebitcoins

newbie

Activity: 210

Merit: 0

look like market is under heavy correction may be in 72 hours market may recover good for buying coins

Topic: All crypto currency down :P (Read 284 times)