Topic: Are you Bother of the latest Cryptocurrency price drop? - page 3. (Read 550 times)

The market is getting worse day by say and its because of nothing but manipulation , btc has witness lot of manipulation regard the dump and pump of its activities in some days back as regard the chart and TA which technically show we need some dump to specific area but the recent market has tried all to stop the act coming thru which has also affect the alts market regard it more dump , so I think crypto is getting more insecure to my own understanding in the hands of manipulators.

I think the market is correcting a bit before continuing to increase sharply, bitcoin has risen sharply since the lowest bottom of 2018. I think that altcoin is continually being discounted is a normal thing in the annual cycle of the market, altcoin's market capitalization is being sucked into bitcoin as it keeps rising sharply since the beginning of 2019. meanwhile on CMC There are more than 2000 projects, many of which are garbage projects and they need to be purified by the market. I think in 2019 the market will still have strong growth but only for good projects.

Of course as we have waited for the Bullish market to come and we have waited for it for a very long time now since Dec 2017. They say that the current low performance was due to SEC filed an emergency law suit against certain ICO but maybe there are other reasons but we may consider this one. Here is the link
https://www.newsbtc.com/2019/08/13/this-cryptocurrency-plunged-62-after-sec-files-emergency-lawsuit/amp/

I would say that this is a normal thing that we see every day in this market. And I do hope that you have been in the game already and learn that the market is very unpredictable, pattern change very quick and if everyone think that the price will go South, it will suddenly went on the other direction.

For long term hodlers, I don't think that they are surprised by the sudden ups and down. Who told you that there will be an anticipated bull run for altcoin in 2019?

The major causes of huge drop is that there are no demands, no one is buying and instead what we are seeing is that investors are dumping their altcoins. Market bleeding always bring harm to everyone here, it's how you are going to take advantage of this situation that separates a smart investor from a beginner.

People on market want to cashing out them money for summer holiday. when you look at beach on my country are have hugh some tourist and they happy to bring it out.

A huge bitcoin sell of that happened in some exchange sites, this has already confirmed by some news if there was a big scammer has dumped its billion worth of bitcoin in the market. This creates a flash downtrend for bitcoin and the altcoin actively following it and then this caused the major bearish trend right now. 
That is still in the investigation.

History repeats itself guys...

Bitcoin takes the market dominance, then alts boom (because whales wants to accumulate more BTC), alts pump, then Bitcoin gains dominance again.

When the dominance of BTC is high => Diversify in Altcoins
When the dominance of BTC is low => Go all in BTC (or any stable coins you want)

You obviously can't time the bottom, but I'm buying as many ALT's as I possibly can right now. Scooped up another 100k ADA today, but a project I'm keeping a very very close eye on currently is XSN.

On-chain, Bitcoin is capped at 7 tx/sec. The more activity the network sees, the slower transactions become.
As it grows in value, fees increase as well.
Lightning allows for a theoretically unlimited number of transactions at near-zero fees, but it has seen stagnant growth because there's little financial incentive for individuals to adopt it on their own.
XSN's solution involves using its decentralized MN network and the collateral locked in them to rout payments, act as watchtowers, and provide a ton of liquidity for transactions.
This will bolster Lightning without centralizing it.
As XSN is inflationary, the supply will slowly increase over time and allow more masternodes to participate.
With this design and approach, BTC will be able to scale and take on much heavier workloads without hitting any major bottlenecks down the road.
Additionally, XSN's masternoses are going to use lightning to restore some of BTC's inherent privacy and anonymity that was compromised by CEXs and KYC.
By embedding TOR into the network and implementing lightning atomic swaps, anyone will be able to instantly and privately swap a wide variety of coins without ever having to send them somewhere that is out of their control. This will greatly minimize the need for businesses that accept crypto to adopt 10 different types of coins as so many of them can be instantly swapped into BTC.
Imagine a standard Bitcoin qt wallet with an extra tab that offers everything that a full scale exchange has and you have the essence of Stakenet.

It won't look bothering to me mate. In fact, we started at very low this year, imagine ETH price at below $100 but still, people never give up. Though the current price doesn't look so good but I'll still be looking forward that it will soon to recover in the next quarter. Most of the bull run started late in the 3rd quarter and it maybe we could see it back again.

Don't think it will not bring any harm.
As an older member in this forum, I am sure you understand that this is not the first time that Bitcoin price dumps so why the panic.
It's not as if the price that dropped is huge or to the extreme. Bitcoin can't be growing at a stretch without no price reduction. The price fluctuation is what makes up this market. There is no call for alarm.

Same here. If you are holding btc or other famous altcoins with very solid foundation, there's nothing to worry about. What we are experiencing is just a normal market movement. The roller coaster ride in crypto is very common. This is where your opportunity lies. You can join via short-term trading to earn good profits and there's no need to wait for the so-called bull run as you don't know when will it happen.

Yeah it does bother every hodler but i think and hope this will be the last dip before big move up and full recovery towards previous highs and maybe new high will be created for atleast btc, for alts i think we need to wait more.

In my case I am not bothered at all. I only just stay put and keep calm in this kind of moments, this happens a lot, not just twi but many. Here in crypto currency an also other businesses there are certain times that you should be stronger that yesterday in order for you to survive. Things happen and including sudden price drops, we may not know what is really the reason behind but we have our courage to be firm and not panic, coz it will just push you sell your coins and I think that's what others or whom ever the people that manipulate or whatsoever wanted you to do.

It could be also because of the stock market dropping and so is the USD.
This cases is normal. An abnormal movement by now is when altcoins are being pumped. It doesnt happen anymore. We are getting deeper and deeper and no up trend.
Bitcoin pumped then altcoins dumped. Bitcoin dumped and so is altcoin. Ergh. It is getting tiresome.

anything can happen in the world of cryptocurency ... worry will only make us worse off in the current situation which is on the decline ... and it is good for now that we rest in the trade we do ... and return to trading when the bullrun returns ... .

In all honesty, the drop isn't really surprising anymore. I think we are all used to think for the past years that the market has been acting like that, it's basically a normal thing already for the crypto market.

You don't have to anticipate a bull run, we've just ran far from the bottom since December 2018 up to the current price that we have right now. Aren't we grateful to see such gains?

Many talk about the trade wars of the US and China.Maybe there's some truth to that.A global recession is also expected,which has already begun.Since traditional Finance is closely related to cryptocurrencies,it is possible that this has also become a reason for lower prices.

Because of volatility its hard to know when the price goes up or down and impact this dump is not yet suprises because the chart plus indicator tell we already in a downtrend this is a good opportunity to accumulate more plus the altcoin affected again that create a hard dump.

Bitcoin is gaining so much dominance that altcoins just get oversold and crushed by big players. I think once btc settles down, the time for altcoins will come and they will more than recover. I also think the bullrun won’t happen very soon. These drops can not be prevented, either the news about the bitcoin dumping ponzi scheme is true, or it is just some news attached to price action without relevance. No clue about the latter, however what I know is that real world usage of blockchains will be the trigger to the bullmarket. Real token usage and value proposition is needed for an blockchain company to profit/grow and take over or atleast get a marketshare in whatever branche.

This is crypto anything can happen, i believe that the anticipated bullrun can still happen.

The latest CryptoMarketCapitalization drop was surprised us all and most of the altcoins price was also drop deeper, if these trend will continue im afraid that the anticipated Bullrun wont happen in 2019. My million dollar question is whats the cause of these huge drop again in cryptocurrency prices? can these bring any harm to the crypto-market momentum.