Bitcoin Dump - The Worst Thing - page 6.

Yaunfitda

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Quote from: tambok on December 02, 2019, 10:35:47 AM

Quote from: Inkdatar on December 02, 2019, 10:24:03 AM

Quote from: sovie on December 02, 2019, 05:50:20 AM

This holds true other way around also, when BTC goes up the price of altcoins also goes up. Right now BTC is going down and so are altcoins. For many its a frustrating situation but I take it as a buying opportunity. Smart investors are not panicking at all rather they are silently buying crypto of there choices. Make a smart move now before it gets too late.

This is the scenario when btc up the alts will also goes up. This is normal cycle of crypto that we may see in up and down price. So not always the worst thing happen when btc goes down because for some this is the opportunity to accumulate at this condition of the market. It’s our choice to decide what to do when market is not in a good condition.

Which I don't think and still wondering why people don't understand this concept of crypto, they still in panic all the time that the price of Bitcoin was dropping, they keep asking the community or their friends or here in forum if it's time to sell, is it bullish time and many more, they don't understand what crypto market really is, they just after profit, they wanted to have profit everyday which is impossible.

Well that concept is fairly straight forward isn't it, but it's not that easy for the majority because they are chasing profits. And besides this is a free market and everyone can do their thing without affecting others.

So they made their constant decision to sell and dump and panic, and that's normal I guess. But there are smart investors who are laughing their ass out when they see some btc or alt dumps because they know they can buy cheap coins again.

Dart18

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Yeah it is not like before anymore so you cannot expect altcoins to just be pumped when bitcoin is being dump.
That is not how it works by now.
With the more usage of USDT or just USD being added at exchanges it is difficult to see when an altcoin will get its chance to have a better value again.

A great hype is badly needed for it to happen. But that means a shitload of money for it to be fruitful.
Paying media outlets and so does social media vloggers and analysts.

leowonderful

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Someone's always winning on one side of a price movement, so it's not truly against everyone's benefits especially when leveraged trading's very commonplace nowadays (yet still very risky), even with altcoin pairs. A sharp decrease in price or dumping usually doesn't end very long, either, and there are usually plenty of opportunities afterwards to make a profit through using technical analysis if you're trading on shorter timeframes too, and if you've determined it to be a good time to do so, accumulating shortly after a dump can sometimes be a good move.

There's money to be made from any price movement. You just need to adapt to how the crypto markets work, especially with how almost everything tends to be correlated to Bitcoin at least to some small degree.

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Quote from: DashingAgent on November 29, 2019, 06:50:22 AM

When people will realize it that it is not in their benefit?

Isn't it nicer to see such a dump at some of the cases? Whether by altcoin's $ or BTC value?

That's the best time to consider accumulating more or make another entry if ever you close your position prior to dump.

Altcoin's price really correlates to how bitcoin price behaves. It's a market decision and we can't just say "it shouldn't happen this way...that way... etc."

It doesn't mean that once bitcoin price decrease it's $ value, altcoin's BTC value shouldn't be affected. The altcoin market always reacts to what is happening on BTC. That's how risky to deal in altcoins so take it or leave it.

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Quote from: sovie on December 02, 2019, 05:50:20 AM

This holds true other way around also, when BTC goes up the price of altcoins also goes up. Right now BTC is going down and so are altcoins. For many its a frustrating situation but I take it as a buying opportunity. Smart investors are not panicking at all rather they are silently buying crypto of there choices. Make a smart move now before it gets too late.

The panic wont last, buyers have to do it silently and disregard the noise in the market smart decisions really matters. If bitcoin goes up again then the market is getting better and altcoins should follow that, if you still don’t know what to do try to buy at least a small amount during cheap season you wont regret that. Don’t dump your bitcoin, that can be your worst decision ever.

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Quote from: suzanne5223 on December 01, 2019, 11:01:07 AM

Quote from: crwth on December 01, 2019, 07:18:18 AM

I hope you do know that almost all of the prices of altcoins are based on BTC. It's directly proportional.

When BTC drops in Price, Altcoins Suffer as well
When BTC increases in Price, Altcoins suffer as well

That's correct but the altcoin don't follow the bitcoin market trend in every circumstance cause there are some season where the altcoin market trend relies on the arbitrage traders conclusion.

Quote from: crwth on December 01, 2019, 07:18:18 AM

It's best to note that this is happening almost all of the time; it would just depend on the demand of a particular coin. Whether someone's buying it or not. That's the exception. So this is not common knowledge or isn't thought about, but it's true. I hope people would understand that concept when it comes to trading.

This usually happen when bitcoin halving is coming, the demand and supply of bitcoin market is what will decide the market momentum.

Quote from: crwth on December 01, 2019, 07:18:18 AM

It's not the worst thing you know because you could take advantage of the drop by shorting the market. It would just depend on the exchange that you have if you could short it or long it.

Binance is always the best exchange for this form of trading (short/long) but I think the long trading would be the best option if seize the opportunity of the previous dump market.

No doubt those who want to get the real profit from trading should keep holding for the long term. Binance is a good website to trade or to exchange but the best one option is to keep concerned with your own profit and you should trade for the long term and keep waiting for the price to be good as the good we expected from bitcoin to be so traded for long yet.

tambok

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Quote from: Inkdatar on December 02, 2019, 10:24:03 AM

Quote from: sovie on December 02, 2019, 05:50:20 AM

This holds true other way around also, when BTC goes up the price of altcoins also goes up. Right now BTC is going down and so are altcoins. For many its a frustrating situation but I take it as a buying opportunity. Smart investors are not panicking at all rather they are silently buying crypto of there choices. Make a smart move now before it gets too late.

This is the scenario when btc up the alts will also goes up. This is normal cycle of crypto that we may see in up and down price. So not always the worst thing happen when btc goes down because for some this is the opportunity to accumulate at this condition of the market. It’s our choice to decide what to do when market is not in a good condition.

Which I don't think and still wondering why people don't understand this concept of crypto, they still in panic all the time that the price of Bitcoin was dropping, they keep asking the community or their friends or here in forum if it's time to sell, is it bullish time and many more, they don't understand what crypto market really is, they just after profit, they wanted to have profit everyday which is impossible.

Inkdatar

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Quote from: sovie on December 02, 2019, 05:50:20 AM

This holds true other way around also, when BTC goes up the price of altcoins also goes up. Right now BTC is going down and so are altcoins. For many its a frustrating situation but I take it as a buying opportunity. Smart investors are not panicking at all rather they are silently buying crypto of there choices. Make a smart move now before it gets too late.

This is the scenario when btc up the alts will also goes up. This is normal cycle of crypto that we may see in up and down price. So not always the worst thing happen when btc goes down because for some this is the opportunity to accumulate at this condition of the market. It’s our choice to decide what to do when market is not in a good condition.

danherbias07

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You could always have a choice and those are called "stablecoins".
There you wont have any problem at looking at the price.
Most traders now use that method. But bitcoin at a lower price then sell it back when it pumps for stable coins.
You can pick one. There had been a lot of created once since Tether happened.

Pamadar

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Quote from: naikturun on December 01, 2019, 07:08:51 AM

But when the BTC stable alt starts to rise, this is where you can take a chance to climb.
You just have to wait for the right moment before entering.
But the market is not as predicted so there will always be a risk every time you will entry.

Your own assessment matters. Knowing the risk that you take and finding the right timing to place your investment, it's all about how you understand and how willingly you are to take your chances. The market still unstable and there's always a big chance of more dump to happen but if you are already aware and you are focusing for good bounce back there's always big possibilities to earn around.

sovie

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This holds true other way around also, when BTC goes up the price of altcoins also goes up. Right now BTC is going down and so are altcoins. For many its a frustrating situation but I take it as a buying opportunity. Smart investors are not panicking at all rather they are silently buying crypto of there choices. Make a smart move now before it gets too late.

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Quote from: bitbunnny on December 01, 2019, 11:06:49 AM

Don't look at the Bitcoin price dump as a worst thing. Bitcoin is volatile and price dump is a natural part of that cycle, it can't only rise all the time. As soon as you accept that, the better for you.

I hate to say this but these guys who says the price dump is the worst thing to happen with bitcoin is a shallow-minded people. Price movements, either up or down is natural, don't they know about this? or they just said it coz they lose a trade with bitcoin? Common sense must be present here.

Quote from: bitbunnny on December 01, 2019, 11:06:49 AM

Also, the price of Bitcoin and altcoins are not necessary connected and altcoins don't follow Bitcoin's pattern. There might be some coincidences but not a general rule, so don't let this to give you a wrong path.

There are still no data that shows any price of cryprocurrency corelates to the price of another cryptocurrency. It is just a coincided incident that happens usually especially with bitcoin. You can follow the patterna but don't expect it to be accurate always, grab any opportunities I must say.

cryptoangel

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Quote from: bitbunnny on December 01, 2019, 11:06:49 AM

Don't look at the Bitcoin price dump as a worst thing. Bitcoin is volatile and price dump is a natural part of that cycle, it can't only rise all the time. As soon as you accept that, the better for you.
Also, the price of Bitcoin and altcoins are not necessary connected and altcoins don't follow Bitcoin's pattern. There might be some coincidences but not a general rule, so don't let this to give you a wrong path.

you are right, Bitcoin is a volatile cryptocurrency, but it will raise constantly on every year. This year also it make more profit for me and current dump is not a big issues on me. But many new beginners are enter into the market so they feel sad for this position. I think still many new investors are make good profit so we both positive and negative feedbacks are comes in the crypto market. Now we are waiting for next hype so we don't care about the Dump on Bitcoin.

milewilda

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Quote from: bitbunnny on December 01, 2019, 11:06:49 AM

Don't look at the Bitcoin price dump as a worst thing. Bitcoin is volatile and price dump is a natural part of that cycle, it can't only rise all the time. As soon as you accept that, the better for you.
Also, the price of Bitcoin and altcoins are not necessary connected and altcoins don't follow Bitcoin's pattern. There might be some coincidences but not a general rule, so don't let this to give you a wrong path.

I dont know on what others do think off the price as always like continuous rise up? Heck, a healthy market doesnt work that way and if we do see such thing then its a highly manipulated one.

We know that market does have cycle yet it do compose a set of buyers and sellers which its just normal to saw these dumps and rise.Thing here is that you do know on how to ride with the waves
and as said its not worst most of the time but also an opportunity for you to get in if youre wise enough.

bitbunnny

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Don't look at the Bitcoin price dump as a worst thing. Bitcoin is volatile and price dump is a natural part of that cycle, it can't only rise all the time. As soon as you accept that, the better for you.
Also, the price of Bitcoin and altcoins are not necessary connected and altcoins don't follow Bitcoin's pattern. There might be some coincidences but not a general rule, so don't let this to give you a wrong path.

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Quote from: crwth on December 01, 2019, 07:18:18 AM

I hope you do know that almost all of the prices of altcoins are based on BTC. It's directly proportional.

When BTC drops in Price, Altcoins Suffer as well
When BTC increases in Price, Altcoins suffer as well

That's correct but the altcoin don't follow the bitcoin market trend in every circumstance cause there are some season where the altcoin market trend relies on the arbitrage traders conclusion.

Quote from: crwth on December 01, 2019, 07:18:18 AM

It's best to note that this is happening almost all of the time; it would just depend on the demand of a particular coin. Whether someone's buying it or not. That's the exception. So this is not common knowledge or isn't thought about, but it's true. I hope people would understand that concept when it comes to trading.

This usually happen when bitcoin halving is coming, the demand and supply of bitcoin market is what will decide the market momentum.

Quote from: crwth on December 01, 2019, 07:18:18 AM

It's not the worst thing you know because you could take advantage of the drop by shorting the market. It would just depend on the exchange that you have if you could short it or long it.

Binance is always the best exchange for this form of trading (short/long) but I think the long trading would be the best option if seize the opportunity of the previous dump market.

crwth

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I hope you do know that almost all of the prices of altcoins are based on BTC. It's directly proportional.

When BTC drops in Price, Altcoins Suffer as well
When BTC increases in Price, Altcoins suffer as well

It's best to note that this is happening almost all of the time; it would just depend on the demand of a particular coin. Whether someone's buying it or not. That's the exception. So this is not common knowledge or isn't thought about, but it's true. I hope people would understand that concept when it comes to trading.

It's not the worst thing you know because you could take advantage of the drop by shorting the market. It would just depend on the exchange that you have if you could short it or long it.

naikturun

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But when the BTC stable alt starts to rise, this is where you can take a chance to climb.
You just have to wait for the right moment before entering.
But the market is not as predicted so there will always be a risk every time you will entry.

pragna

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Quote from: DashingAgent on November 29, 2019, 06:50:22 AM

Bitcoin Dump - The Worst Thing

When BTC dumps, all other coins also dump, it is worst thing because even if bitcoin dumps, then it should not effect the other cryptocurrency price value in BTC. i,e when BTC dumps the price value of altcoins is also drops while it should increase because btc downs. When people will realize it that it is not in their benefit?

Yes i also think so. Its average that we see when BTC fall another alt coin also down their market. Actually maximum investor fully depends on BTC so they think that if BTC price fall down alt coin price also will fall down.

But finally it should not do.

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Quote from: AbuBhakar on November 30, 2019, 05:36:02 AM

Quote from: Furious 7 on November 30, 2019, 02:27:07 AM

Quote from: fratoshi on November 30, 2019, 12:47:08 AM

i think BTC will stay around 5 - 8k till march, then slowly rise to 17k by the end of 2020

Shitcoin will continue to die

Bitcoin has already shown its bullrun now and this will already reach the price of $8,000. Maybe tomorrow can happen, but in December it will be even more increased. My analysis says December will face a good move in November.

And I think shitcoin will never die but will continue to grow but there will also be dead.

Shitcoins will die, only those project who have working products will remain in the market even almost all alts based in BTC some projects will just really die as they have no use and due to many alts released they will be eliminated only those that are working with dedicated team will remain.

This year, more than 80% of shitcoins were removed from the market because most of these coins were worthless and the development team almost didn't care about the community, making the value of the coin only decrease. I think this year is a good time for you to look for new opportunities as there are still some good coins starting to appear in this market.

Of course, you are not always lucky to find a good choice because the market has so many surprises that you cannot predict.

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