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Topic: Almost All Cryptocurrency have fallen - page 5. (Read 3065 times)

sr. member
Activity: 1111
Merit: 255
September 04, 2017, 09:59:01 PM
#38
I read in an article that the Chinese Government closed the ICOs. That's why the price of bitcoins and altcoins have fallen. And even the rise in the price of bitcoins was halted. Now let's market the rest and rise again. And for all it's bought at high prices. Just hold and wait because you're losing money when you sell it now,
The government is really the same as seeing that development will overtake you because they have nothing to do with it.
hero member
Activity: 2590
Merit: 644
September 04, 2017, 09:46:33 PM
#37
Yes almost all of cryptocurrencies have fallen. Some says that it is just a price correction while other people say that it is because the whales are manipulating the market. For me, it is just a common scenario. Cryptomarket is super volatile. We should not always expect a steady increase. There will always be ups and downs.
It is all about the announcement of China that they banned ICO and it affects the market since most of the investors and whale holders of bitcoin are from China so it is understandable that the market right now is falling but we need to calm and think positive because the market will have a bounce back once the issue is fixed.
hero member
Activity: 1176
Merit: 509
September 04, 2017, 09:45:10 PM
#36
Yes almost all of cryptocurrencies have fallen. Some says that it is just a price correction while other people say that it is because the whales are manipulating the market. For me, it is just a common scenario. Cryptomarket is super volatile. We should not always expect a steady increase. There will always be ups and downs.
sr. member
Activity: 308
Merit: 267
September 04, 2017, 09:44:33 PM
#35
Don't worry about it. That's how the market works sometimes the prices pumps and sometimes the price dumps (like happening right now) but all i know for sure is that it will recover soon after a big loss, when i first go into trading i'm panicking because of what happened but right now i'm calm and have patience.
hero member
Activity: 1400
Merit: 674
September 04, 2017, 09:41:59 PM
#34
Just remember.  People with huge amounts of Bitcoin (whales and super whales) don't make money with a steady increase.  it's like they need big drops......wait  Lips sealed

anyone remember when bitcoin was $12?  and people think a drop to $4000 is low.

People who rely on income from bitcoin with minimal funds will choose panic and sell it, this will enter the transition period and could be more than three months, I regret this, but this dynamic will always be there, if we wiser then better do not be pushed more panicked because there is still whales that anytime can raise prices again.
sr. member
Activity: 644
Merit: 261
September 04, 2017, 09:39:45 PM
#33

it is normal that all cryptocurrency price are dropped, no need to panic because some of big whale are stayput on their chair waiting for this moment to buy some and hold.

other says its because of chinese government who banned ICO but i think it is not the reason's why. maybe it has a effect but not too much or totally the reason,  like i said it is normal to all alt-coins to drop.

We all know that cryptocurrency is a volatile market so something like this happening is not that new and because of bitcoin is in its corrective phase, other altcoins followed suit cause many are panic selling and maybe will get out totally to cryptocurrency or would just wait till price is going back up again. We can observe that price is still going down today and we don't know where is the bottom to this but of course there are speculations of where it is so for others who can take this fall, they will hodl and for others who panic, they get out. I think during this time, this is a test of who really can take the appetite of being involved in cryptocurrencies.

The idea is that veteran traders took profit when price is in ATH or almost high and then others followed suit and since it made the price go down, others panic sell and push the price down further. The announcement of China banning ICOs affect some altcoins thus it goes down as well and eventually almost all altcoins are down.
member
Activity: 112
Merit: 10
September 04, 2017, 09:26:42 PM
#32
Almost All Cryptocurrency have fallen The common fact is,
China Govt. bans all ICOs & Digital Coin that launches as public financing but without any illegal Info.
That's why Alternative coins started dropping down.
I am completely agreed with this decision.
I think This decision was taken because Now a days most of ICO's are launched without any proper info & most of them are fake.
This will help reduce the scam, Now only real Alt can sustain on Market.
member
Activity: 77
Merit: 10
September 04, 2017, 09:24:44 PM
#31
Just remember.  People with huge amounts of Bitcoin (whales and super whales) don't make money with a steady increase.  it's like they need big drops......wait  Lips sealed

anyone remember when bitcoin was $12?  and people think a drop to $4000 is low.
full member
Activity: 688
Merit: 101
September 04, 2017, 09:17:18 PM
#30
I saw today that the price dropped to almost all the cryptocurrency available on the market. does anyone know something about this topic? what to expect next days ?

it is normal that all cryptocurrency price are dropped, no need to panic because some of big whale are stayput on their chair waiting for this moment to buy some and hold.

other says its because of chinese government who banned ICO but i think it is not the reason's why. maybe it has a effect but not too much or totally the reason,  like i said it is normal to all alt-coins to drop.
hero member
Activity: 1470
Merit: 655
September 04, 2017, 09:02:59 PM
#29
people keep saying it is Chinese government banning ICOs but the fact is that it has small effect. the real effect was always because of bitcoin.
a correction was started in bitcoin and the panic sell followed and since it became big all the altcoins got dumped.

it has always been like this and it will also always be like this:
when bitcoin goes down, altcoins go down even more
hero member
Activity: 714
Merit: 500
September 04, 2017, 09:00:28 PM
#28
One way to look at it is the we are being presented with an opportunity to buy at discounted prices. We all know that this is a temporary thing and we still have another 4 months for another rally to push the price past $5,000 again and even higher.
newbie
Activity: 24
Merit: 0
September 04, 2017, 08:50:25 PM
#27
Yes i agree that all cryptocurrency are now down and at buying price right now. Try to buy as many ad you can right now. Try to buy good coins that are worth to invest.

you can give me some advice? wich coins worth to buy this days?
newbie
Activity: 33
Merit: 0
September 04, 2017, 08:41:29 PM
#26
I saw today that the price dropped to almost all the cryptocurrency available on the market. does anyone know something about this topic? what to expect next days ?


China has banned the ICOs that are pre-launching a new currency. One bad attitude, because the world in the rest of the world is legal.
sr. member
Activity: 658
Merit: 251
September 04, 2017, 08:26:47 PM
#25
I think this happens because of the issue of china that prohibits all ICO activities in the country, but don't have to worry if you have this capital a good time to buy altcoin and of course this is at risk, do a good analysis before you make a decision invest your capital which would hope benefit.  Grin
sr. member
Activity: 1701
Merit: 308
September 04, 2017, 07:43:48 PM
#24
The Chinese government banned ICOs. Naturally as a result, alt coins started dropping. People are fearful they won't be able to get their money out with the government cracking down.

For the next couple of days I think it will blow over and go back up, but only time will tell.

there is no valid reason that because of the banning the sudden drop happens. Chinese already did it a few months ago and still the crypto remains to sore high and higher than before.

yes maybe that news is one of many reason altcoin was fallen and it just makes people panic selling although I am sure that there is another reason that makes altcoin price decrease like now. but if its because of the ico scamming people, I think not all ico is bad because I am sure that there is many ico which will give benefits for investors.
“ICOs are vulnerable to money laundering and terrorist financing risks due to the anonymous nature of the transactions, and the ease with which large sums of monies may be raised in a short period of time,”
Money laundering and terrorist financing i do not think ICO affects both the reason is not very clear I think.
full member
Activity: 364
Merit: 100
September 04, 2017, 07:33:38 PM
#23

it all happens because china prohibits ICO, all the price so decreases because china has high strength in the crypto part. it usually happens on a few bourses and will come back some time later
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
September 04, 2017, 07:32:37 PM
#22
The Chinese government banned ICOs. Naturally as a result, alt coins started dropping. People are fearful they won't be able to get their money out with the government cracking down.

For the next couple of days I think it will blow over and go back up, but only time will tell.

there is no valid reason that because of the banning the sudden drop happens. Chinese already did it a few months ago and still the crypto remains to sore high and higher than before.

yes maybe that news is one of many reason altcoin was fallen and it just makes people panic selling although I am sure that there is another reason that makes altcoin price decrease like now. but if its because of the ico scamming people, I think not all ico is bad because I am sure that there is many ico which will give benefits for investors.
hero member
Activity: 910
Merit: 500
September 04, 2017, 07:25:01 PM
#21
The Chinese government banned ICOs. Naturally as a result, alt coins started dropping. People are fearful they won't be able to get their money out with the government cracking down.

For the next couple of days I think it will blow over and go back up, but only time will tell.

there is no valid reason that because of the banning the sudden drop happens. Chinese already did it a few months ago and still the crypto remains to sore high and higher than before.
sr. member
Activity: 672
Merit: 251
September 04, 2017, 07:20:52 PM
#20
Yes i agree that all cryptocurrency are now down and at buying price right now. Try to buy as many ad you can right now. Try to buy good coins that are worth to invest.
hero member
Activity: 2184
Merit: 891
Leading Crypto Sports Betting and Casino Platform
September 04, 2017, 06:59:13 PM
#19
This does not surprise me. The Chinese government have the power to influence the cryptocurrency market and that is a fact(Look at NEO). I feel sad for the people who bought a ton of altcoins right now since this is a very bad time to buy. Buying and HODling is still the best strategy though, according to me.

And some big whales are the Chinese people.
They banned the ICO in their country as they see it as a threat in their country and mostly of the ICO's are scam.
They warned their people about this fraud like this is a unauthorized huge fund raising.
And now the existing ICO needed to refund the money of the investors.
But I think nothing to rattle, price will be fine again this week and the price is not so bothering like we're used to this right? Don't be too affected to this and just trust our coins.
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