Alt Bubble Popped? | Bitcointalksearch.org

Almat

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Quote from: Pierre 2 on June 10, 2017, 03:08:09 PM

I think bubble exists cause every altcoin is somewhat dumped when the time comes.
But I think bubbles are not killer ones. 2017 is just the year of alts. Its still too early.

The pumped coins will be dumped hard. But the good coins will keep on rising.

Pierre 2

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I think bubble exists cause every altcoin is somewhat dumped when the time comes.
But I think bubbles are not killer ones. 2017 is just the year of alts. Its still too early.

Almat

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Quote from: TravelMug on June 07, 2017, 04:51:59 PM

Quote from: renes on June 07, 2017, 12:47:32 PM

Not all alts in bubble but there is bubble with some coins.

But most of them are for pump and dump only. Meaning for purely speculative then price rise and as soon as you thought that the price is sustainable, the bubble is burst then panic buying occurs pulling the price of the coin down. So we must be very watchful of every altcoins being pump because we don't know when the dumping will occur.

That is the reason we should buy only good coins.

TravelMug

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Quote from: renes on June 07, 2017, 12:47:32 PM

Not all alts in bubble but there is bubble with some coins.

But most of them are for pump and dump only. Meaning for purely speculative then price rise and as soon as you thought that the price is sustainable, the bubble is burst then panic buying occurs pulling the price of the coin down. So we must be very watchful of every altcoins being pump because we don't know when the dumping will occur.

renes

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Not all alts in bubble but there is bubble with some coins.

nizamcc

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Things you have said seem too much worried on your side, but don't worry. There are many coins which are coming up and are getting pumped, as well as others too which got dumped earlier are now having chances to get up again to more higher levels based on their strongest resistance levels.

nasibakar

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Quote from: kc. on June 06, 2017, 08:30:53 PM

There is no bubble. Don't listen to these people who say it's a bubble.

This will revolutionise the world.

Last year some said that crypto is bubble,
early this year when btc reached 1300 then it was also some peoples said that crypto bubble,.... the truth:
fresh fiat is coming in and it ll still grow.
China, Japan and Korea are getting in, it is just the time when everyone will get in,.... then we ll have the scalling problem.

viralz

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Quote from: shamzblueworld on May 09, 2017, 04:12:59 AM

Seeing all the red at polo, it seems like the altcoin bubble has finally been popped as expected of course.
Would you be waiting for the price to settle or buying into your favorites alts right now?
What alts were you been waiting to get dumped to buy?

XRP, it is clear.
It has the future and it s just growing, many bank just realize that it is very eficient.
It is not for 2-3 weeks trading, it is for long term.

kc.

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uh-huh

There is no bubble. Don't listen to these people who say it's a bubble.

This will revolutionise the world.

JoltCola

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Don't fool yourselves this type of action can't keep up forever. Eventually it will pop. Nobody knows when so be ready to dump. Even though I think there will be so many new bag holders here. We'll see lots of people crying on this forum when it happens.

jack_ma

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Quote from: DashNLG on June 04, 2017, 08:40:56 AM

It's a Poloniex bubble.

Recently there are also big bubbles in Bittrex.

FractalUniverse

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well, i thought it popped already, but i was wrong. it looks like pumps go on. that means there will be even more bagholders after they are done Cheesy

DashNLG

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It's a Poloniex bubble.

jacobthecoiner

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Quote from: Alvin RS6 on June 02, 2017, 02:54:18 AM

It will go for long time before it pops. Just hold guys!

You're right. I believe it won't pop by the end of 2017.

Alvin RS6

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It will go for long time before it pops. Just hold guys!

omonuyak

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Quote from: ThomasVeil on June 01, 2017, 08:06:24 PM

Quote from: paramind22 on June 01, 2017, 02:49:05 PM

Every day there have been 20 or more coins that rise 20% or more. Today is no different. The total marketcap of all coins went from 75 billion to 85 billion in the last week.

Only based on Ethereum, I think. The rest have been rather sluggish. Some Ether profits seem to trickle down to the rest, but I see huge sell walls on nearly all alts - it will take a lot to make them pump properly again.
Ethereum is crazily overvalued vs. Bitcoin though. Half the value? No way in hell. That will correct sooner or later.

Though Ethereum is over bought I did not see it give up it upward movement as many investors are pumping it obove technical analysis overview. Eth may likely trade above 0.15b before August this year. The current bubble on almost all the crypto currencies is real and will last for some time as they are no reason for coins recession now.

ThomasVeil

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Quote from: paramind22 on June 01, 2017, 02:49:05 PM

Every day there have been 20 or more coins that rise 20% or more. Today is no different. The total marketcap of all coins went from 75 billion to 85 billion in the last week.

Only based on Ethereum, I think. The rest have been rather sluggish. Some Ether profits seem to trickle down to the rest, but I see huge sell walls on nearly all alts - it will take a lot to make them pump properly again.
Ethereum is crazily overvalued vs. Bitcoin though. Half the value? No way in hell. That will correct sooner or later.

MisO69

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My mule don't like people laughing

Ya man looks like were in for Pump#3 or is it #4? I lost track.. Go alts!!1! Grin

paramind22

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Quote from: Siren on June 01, 2017, 01:08:32 PM

Quote from: ApexEvo on June 01, 2017, 01:18:22 AM

OP of the thread is from 9th May. That's a while before the huge bubble started and some people then thought that alt prices will crash. This shows us that an actual bubble can occur at any time and I don't see a reason we won't see one again as soon as in a few days.

Hold on to your alts, this is all going to turn out to be a continuous upward trend with regular pumps and dumps but in the end the coins keep most of the ground they've earned. By the same time next year your coins will probably be worth several times what they are now.

It looks like the alt coin bubble is burst as well. The only alt coin worth holding right now is ETH. I saw it just broke the $200 barrier so it looks like it is still good. However, its currently red, so a lot of dumping of ETH is ongoing. I don't know if this is the start of the dumping of it because the price has peak now. Will try to hold still and see what happens.

How are you arriving at that? Are you following the charts? Every day there have been 20 or more coins that rise 20% or more. Today is no different. The total marketcap of all coins went from 75 billion to 85 billion in the last week.

arditstrx

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Quote from: renes on June 01, 2017, 12:23:11 PM

Bitcoin's price will rise but its market cap will eventually decrease and this is very normal. I suggest stratis and etc to invest in.

How is that, do you mean the number of bitcoins will decrease like eventually destroyed.

Siren

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Quote from: ApexEvo on June 01, 2017, 01:18:22 AM

OP of the thread is from 9th May. That's a while before the huge bubble started and some people then thought that alt prices will crash. This shows us that an actual bubble can occur at any time and I don't see a reason we won't see one again as soon as in a few days.

Hold on to your alts, this is all going to turn out to be a continuous upward trend with regular pumps and dumps but in the end the coins keep most of the ground they've earned. By the same time next year your coins will probably be worth several times what they are now.

It looks like the alt coin bubble is burst as well. The only alt coin worth holding right now is ETH. I saw it just broke the $200 barrier so it looks like it is still good. However, its currently red, so a lot of dumping of ETH is ongoing. I don't know if this is the start of the dumping of it because the price has peak now. Will try to hold still and see what happens.

renes

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Bitcoin's price will rise but its market cap will eventually decrease and this is very normal. I suggest stratis and etc to invest in.

ApexEvo

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🌟 æternity🌟 blockchain🌟

OP of the thread is from 9th May. That's a while before the huge bubble started and some people then thought that alt prices will crash. This shows us that an actual bubble can occur at any time and I don't see a reason we won't see one again as soon as in a few days.

Hold on to your alts, this is all going to turn out to be a continuous upward trend with regular pumps and dumps but in the end the coins keep most of the ground they've earned. By the same time next year your coins will probably be worth several times what they are now.

paramind22

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Quote from: aventus on May 31, 2017, 10:32:43 AM

Quote from: pedrog on May 09, 2017, 05:35:21 AM

Be careful, don't fall in the bear trap, if you aren't green don't panic sell, this bull run isn't over yet, but you may want to reduce your alt exposure on the rebound.

Totally agree with your words. Only a bear trap!

Yes, I set some sell orders lower than what I would have liked in hindsight and it shot right through them.

renes

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Neither pump nor dump has finished so be careful!

aventus

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Aventus solution to disrupt ticketing market

Quote from: pedrog on May 09, 2017, 05:35:21 AM

Be careful, don't fall in the bear trap, if you aren't green don't panic sell, this bull run isn't over yet, but you may want to reduce your alt exposure on the rebound.

Totally agree with your words. Only a bear trap!

JosNekoKopa

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Recently i investigate little bit about Stratis,and expectations were true rise is 40% on Bittrex from yesterday, this won't stop now. ETH is on very nice move so this thread is failure, ALTS are still in game, maybe not all but this is better more money can be created from one or two good instead of hundred small pumps.

Baofeng

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Quote from: Almat on May 30, 2017, 01:26:21 PM

Quote from: ThomasVeil on May 11, 2017, 04:48:38 PM

Currently there is merely some stagnation. Just think how much the alts exploded - many 500% within months without any real reason.
This thing might go up a bit again, since there is still a lot of stupid-money entering.
But the bubble will burst eventually - and it will be nasty. "Suicide Hotline"-nasty.

But for some of the coins like Ethereum or Monro, they have some basis.

I think the altcoins is till pumping as of the moment. Only LTC and XRP are down and the rest are all green. Even ETH is almost $200 now. So I guess its going up again and we just need to watch until it will be burst again. I don't know if Chinese is pumping ETH, I saw one press release saying that Chinese is going into ETH lately and putting cash on it.

Almat

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Quote from: ThomasVeil on May 11, 2017, 04:48:38 PM

Currently there is merely some stagnation. Just think how much the alts exploded - many 500% within months without any real reason.
This thing might go up a bit again, since there is still a lot of stupid-money entering.
But the bubble will burst eventually - and it will be nasty. "Suicide Hotline"-nasty.

But for some of the coins like Ethereum or Monro, they have some basis.

ThomasVeil

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Currently there is merely some stagnation. Just think how much the alts exploded - many 500% within months without any real reason.
This thing might go up a bit again, since there is still a lot of stupid-money entering.
But the bubble will burst eventually - and it will be nasty. "Suicide Hotline"-nasty.

btcforall777

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Quote from: Almat on May 09, 2017, 02:48:03 PM

Quote from: btcforall777 on May 09, 2017, 02:39:48 PM

Quote from: JerryWinski on May 09, 2017, 02:08:47 PM

Quote from: Bowtiesarecool on May 09, 2017, 01:41:05 PM

Give it a few days, market will correct itself again. STEEM is already rallying up. Other coins will too, besides there are a couple of alt that have real world values. As long as something has value, there will always be a price to it

I agree in a few days we will be seeing green again. The reason everything went south was two fold. 1 polo problems and 2 BTC rising fast.

I suspect all the new money coming into the market doesnt even know what a dump is yet. All they know is buy buy buy. It is still on with no sign of stopping.

Do you think the altcoin price will rise again?

I think it will continue its positive price trajectory with occasional corrections.

Bowtiesarecool

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Quote from: [email protected] on May 11, 2017, 02:17:17 AM

I believe that these are only the initial steps of Cryptos. We are not talking here only alternative currencies, as we are used to FIATs, but a whole new technology, which can change the way we work (blockchain tech, smart contrast, internet of things, etc). Just today in my office work I encountered something that could be a smart contract project in everyday life: http://www.etztec.com/

And how many do you think we are globally involved in this?.... https://www.xrpchat.com/topic/4463-huh-there-are-just-3-million-cryptocurrency-users-worldwide/

So yes, for me it is not a bubble, just a technology that will totally burst at some point and become routine. I only wish I have chosen the right Cryptos, Altcoins, how you wanna call them.

Exactly what I've been trying to say!
This is new tech - a new development for currencies. Formerly, it was metal and gemstones. Then, came paper. Now, it's crypto. There will always be a base that this new asset will be traded upon - BTC - and that base will always be the king of the hill. But saying BTC's going to be all that would be left in this new space is kind of absurd

Zegra

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While Stell is right a temporary altcoin bearmarket will probably occur when BTC goes parabolic, it doesn't mean it will happen now. I admit ceilings get broken faster than I anticipated, we haven't had a serious correction in the btc price for many days and a few ceilingd have been broken already since last one.

[email protected]

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I believe that these are only the initial steps of Cryptos. We are not talking here only alternative currencies, as we are used to FIATs, but a whole new technology, which can change the way we work (blockchain tech, smart contrast, internet of things, etc). Just today in my office work I encountered something that could be a smart contract project in everyday life: http://www.etztec.com/

And how many do you think we are globally involved in this?.... https://www.xrpchat.com/topic/4463-huh-there-are-just-3-million-cryptocurrency-users-worldwide/

So yes, for me it is not a bubble, just a technology that will totally burst at some point and become routine. I only wish I have chosen the right Cryptos, Altcoins, how you wanna call them.

jmigdlc99

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Right on cue. Everything is turning green on poloniex as of writing (even with all the poloniex lag).

It was just a correction due to BTC price increase. This just proves altcoins are a good investment now (especially LTC).

vella85

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I don't believe it has popped, just like most have said it's because of the rise in the BTC price. However there are some Altcoins that have been doing well and holding strong against the rising BTC price in the last couple of days and one of them is BURST coin which has also seen over 200 BTC volume the last 2 days. Look for coins that hold strong against a rising BTC price and I think everyone should do just fine.

Stell

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Quote from: Bowtiesarecool on May 10, 2017, 12:57:19 PM

And the market has rallied back!
Like I said elsewhere, some of the alts have real world values, strong development team, and passionate communities. BTC is like gold. Stack it up, but when it comes to usage, most people are beginning to explore other alternatives. Blockchain transaction fees and traffic are a pain in the rear these days.

The Market has not rallied back it looks like it's come back a bit but it really hasn't.

Then real indicator is volume. Alts have been loosing volume day after day with no real support for their price which is the cause of the small random dumps and pumps.

Unlike Bitcoin that has real volume that's continues to day after day !

If you don't believe me just go to coin market cap and look at the volume in each of the alt coins they look like bell curves then look at Bitcoin's volume it looks like a parabola.

Bitcoins price has real volume and support !

Stell

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Quote from: Candsno8 on May 10, 2017, 04:59:17 PM

Time to stock up on bitcoin.

Yup ! I can't believe there's people still pumping Alts. The people buying them are clueless to what's going on and why Bitcoin is increasing.

It's very simple, the Alt market reached a top ! and there are not as many new buyers as before. Meaning there's no real floor below the prices ! The prices don't have real support.

Any one who is skeptical about what I'm saying go look at the volume on the Alt charts and then look at the Volume on Bitcoin's chart. You'll find that Bitcoin has real volume supporting it's price.

Alts do not have real volume supporting the price and there volume is decreasing day after day.
This is because there is a bear market in Alt coins.

People have realized this and are moving into Bitcoin !

The Altcoin Bubble is deflating.

Candsno8

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Time to stock up on bitcoin.

vivabux

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MoonDeFi

The bubble is still inflated 2 times and then popped

OrangeP

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Everyone here even thinking about a crash/popped bubble right now clearly hasn't been around for long or a very short term memory.

Zegra

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OK, it's clear Stell sold all his alts hoping to rebuy after the crash.

Stell

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Quote from: JerryWinski on May 09, 2017, 02:08:47 PM

Quote from: Bowtiesarecool on May 09, 2017, 01:41:05 PM

Give it a few days, market will correct itself again. STEEM is already rallying up. Other coins will too, besides there are a couple of alt that have real world values. As long as something has value, there will always be a price to it

I agree in a few days we will be seeing green again. The reason everything went south was two fold. 1 polo problems and 2 BTC rising fast.

Na ! people are cashing out of Alts for Bitcoin because Alts are in a bear market. Alts reached a Top. Who will buy Alts from people if there's know one to buy them where will the support for the price come from.
Bit coin will Surge as people move out of Alts.

https://www.cryptocoinsnews.com/altcoin-surge-ends-bitcoin-continues-to-shine/

Bowtiesarecool

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And the market has rallied back!
Like I said elsewhere, some of the alts have real world values, strong development team, and passionate communities. BTC is like gold. Stack it up, but when it comes to usage, most people are beginning to explore other alternatives. Blockchain transaction fees and traffic are a pain in the rear these days.

Zegra

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I think this LTC segwit activation is coming at a real good time. That coin has gone up a lot the last day. Showing the crypto communityaltcoins still get pumped. Probably restoring confidence to the market. Other coins that have been pumped a lot lately are starting to rise little by little again too, relatively babysteos at a time. So an altcoin pump pt.2 could be in store. Maybe not as heavy but still happening. This is my calculated guess.

kc.

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uh-huh

BTC will drop once it hits 2,000.

Candsno8

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I think it's time to cash out for a while.

lionheart78

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I think the alt bubble is not yet done, I saw some altcoin getting green in other exchanges. Though it is surprising that they are increasing together with Bitcoins, kinda strange or it is just the cryptocurrency industry are now being acknowledge by more people.

Quote from: Vaccinus on May 09, 2017, 04:30:32 PM

nothing popped, just miners taking their profit, they dumped all altogether, some coins are raising again, the diff is now higher than before on some altcoin, i think they are expanding their farm

It is seem that way, they need to cover the cost of electricity and maintenance anyway, and the best time to sell is when it is at peak.

solitare

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Panic buying and selling has always happened in any market that has volatility.

You have to ride these things out.

If you did your due dilligence, then trust yourself and hang in there.

Of course there will be both winners and losers, hopefully you have diversified a little bit, and you aren't speculating with more than you can afford to lose.

Just in case.
Happy Trading everyone Cheesy

Vaccinus

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nothing popped, just miners taking their profit, they dumped all altogether, some coins are raising again, the diff is now higher than before on some altcoin, i think they are expanding their farm

Bowtiesarecool

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Think we have to wait it out until BTC reaches 2k - 2200. May take a breather after then

Stell

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Quote from: JerryWinski on May 09, 2017, 02:08:47 PM

Quote from: Bowtiesarecool on May 09, 2017, 01:41:05 PM

Give it a few days, market will correct itself again. STEEM is already rallying up. Other coins will too, besides there are a couple of alt that have real world values. As long as something has value, there will always be a price to it

I agree in a few days we will be seeing green again. The reason everything went south was two fold. 1 polo problems and 2 BTC rising fast.

and who will buy ? The same people it's a top.

Totally disagree the market has topped. You may see a little green every so often as people are confused as to what's going on, but give it a few days and people will realize that the direction of the markets has changed. The only thing that will go up is Bitcoin as people move out Alts.

https://www.cryptocoinsnews.com/altcoin-surge-ends-bitcoin-continues-to-shine/

JerryWinski

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Quote from: Stell on May 09, 2017, 02:49:41 PM

Quote from: JerryWinski on May 09, 2017, 02:08:47 PM

Quote from: Bowtiesarecool on May 09, 2017, 01:41:05 PM

Give it a few days, market will correct itself again. STEEM is already rallying up. Other coins will too, besides there are a couple of alt that have real world values. As long as something has value, there will always be a price to it

I agree in a few days we will be seeing green again. The reason everything went south was two fold. 1 polo problems and 2 BTC rising fast.

So why would you see green if the market has topped. The whole alt coin market is over inflated at this point.
You may see a little green (every so often) of people thinking it's corrected but the long term direction will be down at this point and as alts move down because more people realize the market has changed direction Bitcoin will sore.

Bitcoin and Alts have been rising together this past month. Lets see if this stays true. I think it will and we will see over the next few days.

Stell

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Quote from: Almat on May 09, 2017, 02:48:03 PM

Quote from: btcforall777 on May 09, 2017, 02:39:48 PM

Quote from: JerryWinski on May 09, 2017, 02:08:47 PM

Quote from: Bowtiesarecool on May 09, 2017, 01:41:05 PM

Give it a few days, market will correct itself again. STEEM is already rallying up. Other coins will too, besides there are a couple of alt that have real world values. As long as something has value, there will always be a price to it

I agree in a few days we will be seeing green again. The reason everything went south was two fold. 1 polo problems and 2 BTC rising fast.

I suspect all the new money coming into the market doesnt even know what a dump is yet. All they know is buy buy buy. It is still on with no sign of stopping.

Do you think the altcoin price will rise again?

No only Bitcoin. Alts are a typical bubble everyone has bought who will they sell too them self ?

Stell

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Quote from: JerryWinski on May 09, 2017, 02:08:47 PM

Quote from: Bowtiesarecool on May 09, 2017, 01:41:05 PM

Give it a few days, market will correct itself again. STEEM is already rallying up. Other coins will too, besides there are a couple of alt that have real world values. As long as something has value, there will always be a price to it

I agree in a few days we will be seeing green again. The reason everything went south was two fold. 1 polo problems and 2 BTC rising fast.

So why would you see green if the market has topped. The whole alt coin market is over inflated at this point.
You may see a little green (every so often) of people thinking it's corrected but the long term direction will be down at this point and as alts move down because more people realize the market has changed direction Bitcoin will sore.

Almat

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Quote from: btcforall777 on May 09, 2017, 02:39:48 PM

Quote from: JerryWinski on May 09, 2017, 02:08:47 PM

Quote from: Bowtiesarecool on May 09, 2017, 01:41:05 PM

Give it a few days, market will correct itself again. STEEM is already rallying up. Other coins will too, besides there are a couple of alt that have real world values. As long as something has value, there will always be a price to it

I agree in a few days we will be seeing green again. The reason everything went south was two fold. 1 polo problems and 2 BTC rising fast.

I suspect all the new money coming into the market doesnt even know what a dump is yet. All they know is buy buy buy. It is still on with no sign of stopping.

Do you think the altcoin price will rise again?

btcforall777

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Quote from: JerryWinski on May 09, 2017, 02:08:47 PM

Quote from: Bowtiesarecool on May 09, 2017, 01:41:05 PM

Give it a few days, market will correct itself again. STEEM is already rallying up. Other coins will too, besides there are a couple of alt that have real world values. As long as something has value, there will always be a price to it

I agree in a few days we will be seeing green again. The reason everything went south was two fold. 1 polo problems and 2 BTC rising fast.

I suspect all the new money coming into the market doesnt even know what a dump is yet. All they know is buy buy buy. It is still on with no sign of stopping.

JerryWinski

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Quote from: Bowtiesarecool on May 09, 2017, 01:41:05 PM

Give it a few days, market will correct itself again. STEEM is already rallying up. Other coins will too, besides there are a couple of alt that have real world values. As long as something has value, there will always be a price to it

I agree in a few days we will be seeing green again. The reason everything went south was two fold. 1 polo problems and 2 BTC rising fast.

Bowtiesarecool

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Give it a few days, market will correct itself again. STEEM is already rallying up. Other coins will too, besides there are a couple of alt that have real world values. As long as something has value, there will always be a price to it

Zegra

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That's because of the Poloniex problems. A correction from 22 cents to 16 cents is not a crash when you realize we were only at 10 cents 5 days ago

Stell

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Quote from: 2017Bubble on May 09, 2017, 05:50:09 AM

You mean still popping ! Give it a few days people will realize when Alts don't reach the old high.
Look at XRP it was 22cents now 16 and a half but it hasn't gone back up to 22.

Stell

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Quote from: Caladonian on May 09, 2017, 11:18:20 AM

Quote from: The Sceptical Chymist on May 09, 2017, 11:14:53 AM

The only ones I watch are dash and doge, and they're down just a little. Bubble deflated a little, maybe, but hasn't popped.

Meanwhile, bitcoin is over $1700. Crazy!!

yeah right bitcoin really make a huge pumped and what next to happen is that those who already got a good earnings from the alts
that they are supporting already converting it to bitcoin making it sure that they can sell it and exchange it in a much bigger fiat
value.

Yup people are selling Alts pushing Bitcoin up ! Right on. I wonder how high Bitcoin will go considering the market cap in Alts. Any guesses ?

RentGPU

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It's just a market correction point + btc raise and it happened before alot even more aggressive than this one ,only those who panic loss in this situation .

Stell

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Quote from: shamzblueworld on May 09, 2017, 04:12:59 AM

Seeing all the red at polo, it seems like the altcoin bubble has finally been popped as expected of course.
Would you be waiting for the price to settle or buying into your favorites alts right now?
What alts were you been waiting to get dumped to buy?

The Bubble is popping right now ! It's not done.

Caladonian

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Quote from: The Sceptical Chymist on May 09, 2017, 11:14:53 AM

The only ones I watch are dash and doge, and they're down just a little. Bubble deflated a little, maybe, but hasn't popped.

Meanwhile, bitcoin is over $1700. Crazy!!

yeah right bitcoin really make a huge pumped and what next to happen is that those who already got a good earnings from the alts
that they are supporting already converting it to bitcoin making it sure that they can sell it and exchange it in a much bigger fiat
value.

The Sceptical Chymist

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Top Crypto Casino

The only ones I watch are dash and doge, and they're down just a little. Bubble deflated a little, maybe, but hasn't popped.

Meanwhile, bitcoin is over $1700. Crazy!!

Adelajda

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Quote from: Ctstrphy on May 09, 2017, 10:47:06 AM

BTC just hit the $1,700 mark. It should be expected since most people would like to cash in their profits, mostly selling their altcoins to BTC. I advise to keep your alts, panic buying would be over in a while.

Do you think that people will panic even when the price of bitcoin is at an all time high and do you think people would invest more in it by selling off alts,i am not sure how much time it will take for the alts to recover.lets see how much they will go down and will decide after that on what to do with it.

Ctstrphy

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BTC just hit the $1,700 mark. It should be expected since most people would like to cash in their profits, mostly selling their altcoins to BTC. I advise to keep your alts, panic buying would be over in a while.

olushakes

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Quote from: shamzblueworld on May 09, 2017, 04:12:59 AM

Seeing all the red at polo, it seems like the altcoin bubble has finally been popped as expected of course.
Would you be waiting for the price to settle or buying into your favorites alts right now?
What alts were you been waiting to get dumped to buy?

I am equally waiting for the dump in other to buy because as someone who has been here for a while, one must not just buy when the momentum is high or else you find yourself to blame especially when it comes to alt that there are no traceable reason why there is increase in the price in the first instance. So, my eyes are on few alt which include ZCL, ETH for now.

tehMoonwalker

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Now is buy time i love market panic Cool

2017Bubble

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pedrog

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Be careful, don't fall in the bear trap, if you aren't green don't panic sell, this bull run isn't over yet, but you may want to reduce your alt exposure on the rebound.

bearex

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Quote from: loreRex on May 09, 2017, 04:53:41 AM

Bitcoin rises, alts maintain the same value in dollar, so they go down with respect to BTC, plus panic sell.
So it's normal.

Partly true. I think most of them also dropped in dollar value, despite the higher price of BTC, so that means the altcoin-BTC price also dropped. But i also think that this is frequent when BTC is on the rise.

loreRex

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Bitcoin rises, alts maintain the same value in dollar, so they go down with respect to BTC, plus panic sell.
So it's normal.

NorrisK

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It hasn't popped yet.. The price simply dropped because BTC is rising. It always happens and the drop is usually bigger than the gained value from BTC price rise.

The coins are already correcting, so it may be a buy opportunity to make 10% or so.

cwick

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i dunno.....its weird. ive never seen anything like it

shamzblueworld

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Seeing all the red at polo, it seems like the altcoin bubble has finally been popped as expected of course.
Would you be waiting for the price to settle or buying into your favorites alts right now?
What alts were you been waiting to get dumped to buy?

Topic: Alt Bubble Popped? (Read 5865 times)