Crypto Bloodbath.. - page 7. | Bitcointalksearch.org

lugospod

jr. member

Activity: 60

Merit: 2

Quote from: sdjmlsdjgqkjgqmljg on January 16, 2018, 05:35:57 AM

probably some nervosity on the market because of korean exchange ban Huh

Nope..it is the xxxx Chinese again..

https://qz.com/1180326/bitcoin-btc-price-drops-on-chinas-cryptocurrency-crackdown/

First they ban ICO...then they go after miners...then Korean start making trouble...now back to Chinese... Does anyone see a pattern?

bamb

sr. member

Activity: 938

Merit: 251

The sky is always falling when it comes to cryptocurrency. This space is not for faint hearted! Bitcoin is going through price correction after massive price increase. The news from the East is not helping matter also!

sdjmlsdjgqkjgqmljg

newbie

Activity: 33

Merit: 0

probably some nervosity on the market because of korean exchange ban Huh

davegee

newbie

Activity: 22

Merit: 0

Quote from: adaseb on January 16, 2018, 05:19:13 AM

The issue with this is greediness of people who are new to bitcoin.

Basically I know half a dozen people locally who bought bitcoin at like $19,000 and since it didn't go to $50,000 they sold it at like $13,000 to buy some alts like Ripple or Tron which doubled everyday.

They bought those at the ATH and even lost more money in terms of dollars compared to the bitcoin loss.

Most likely they will complain even more tomorrow and sell their Ripple, and later on sell their Bitcoin and go back to trading stocks.

Couldnt have said it better. Only a few winners in trading Crypto. Unless you HODL.

davegee

newbie

Activity: 22

Merit: 0

Don't worry. It's normal in crypto. Same time every year bitcoin dumps massively. Just look at the history. Probably some Chinese businessman cashing out for his new year celebrations. Expect a rebound.

hollie1982

jr. member

Activity: 57

Merit: 3

It is just the standard January dip.

2017:

2016:

2015:

2014:

adaseb

legendary

Activity: 3808

Merit: 1723

The issue with this is greediness of people who are new to bitcoin.

Basically I know half a dozen people locally who bought bitcoin at like $19,000 and since it didn't go to $50,000 they sold it at like $13,000 to buy some alts like Ripple or Tron which doubled everyday.

They bought those at the ATH and even lost more money in terms of dollars compared to the bitcoin loss.

Most likely they will complain even more tomorrow and sell their Ripple, and later on sell their Bitcoin and go back to trading stocks.

gerad09

full member

Activity: 192

Merit: 100

Quote from: wumBowo on January 16, 2018, 12:44:37 AM

this happened again, If i recall correctly the same things happen right on August or September, hope everything will be fine afterwards

Yes exactly! There should be a lot of Green by Tomorrow in the market

cynical

full member

Activity: 490

Merit: 136

Quote from: ss890 on January 16, 2018, 03:58:24 AM

Quote from: erickkyut on January 15, 2018, 09:49:16 PM

The crypto market are currently all in red. It seems that there is a bloodbath. How long do you think will it take and what do you think is the reason behind it? Is it just a massive price correction or is it the end for the crypto world? Just want to know your opinion about it.

You born today or what?

This bloodbath have been there many time and it always turned into Greenfield many times! Im not sure if you have experienced this earlier or have you been watching the coinmarketcap always. Because with what I have seen up until now looks to me perfect. This is just market correction and nothing else. In the world of crypto it can happen many times and in the world many crypto's are dumped just like that. The panic patterns are more than enough here so some of them are experiencing that. May be thats what happening currently.

Quote

end for the crypto world?

Ah! Pretty sure its not the end of the bitcoin or any other crypto currency. The market is really huge and popular. Yet the whole world doesn't know about it anything.

absolutely.
everyone just needs to check bitcoins history just from 2017 alone and all will become clear.
all the fud and fomo from last year and bitcoin still almost reached 20,000$
what is happening is normal, bitcoin will never die, there will always be people looking to get some.

elloco4ever

sr. member

Activity: 623

Merit: 262

Quote from: ss890 on January 16, 2018, 03:58:24 AM

Quote from: erickkyut on January 15, 2018, 09:49:16 PM

The crypto market are currently all in red. It seems that there is a bloodbath. How long do you think will it take and what do you think is the reason behind it? Is it just a massive price correction or is it the end for the crypto world? Just want to know your opinion about it.

You born today or what?

This bloodbath have been there many time and it always turned into Greenfield many times! Im not sure if you have experienced this earlier or have you been watching the coinmarketcap always. Because with what I have seen up until now looks to me perfect. This is just market correction and nothing else. In the world of crypto it can happen many times and in the world many crypto's are dumped just like that. The panic patterns are more than enough here so some of them are experiencing that. May be thats what happening currently.

Quote

end for the crypto world?

Ah! Pretty sure its not the end of the bitcoin or any other crypto currency. The market is really huge and popular. Yet the whole world doesn't know about it anything.

Indeed it's not the end of crypto world because we have seen this in the past and surely things will be back on track with he time but the only thing we need to make sure is we don't do oaNic selling unless it's the matter of emergency as panic sell negatively affects the market of that particular coin which is already bleeding let's hope for the best and believe in crypto it has been there from years and it will be there.

yndye

sr. member

Activity: 616

Merit: 262

Quote from: erickkyut on January 15, 2018, 09:49:16 PM

The crypto market are currently all in red. It seems that there is a bloodbath. How long do you think will it take and what do you think is the reason behind it? Is it just a massive price correction or is it the end for the crypto world? Just want to know your opinion about it.

It is just part of the correction after reaching all-time high. We are on a bearish trend now that's why it continues to go down. Maybe a whale sold some of his coins and in effect it made the price go down and then others follow suit those who panic sell resulting to a lower price. As what we expected, when bitcoin makes a move like this, other coins are affected as well resulting to a bloodbath. That's why it is important to set a stop-loss at times like this and then buy your favorite coin at a lower price.

vinc3

sr. member

Activity: 309

Merit: 251

Make Love Not War

Drops like this is quite normal in this space the crypto space is really full of swings and that as trader we should know very well. I think this correction is brought up of those who bought during the ATH and got scared lately by the down trend brought up by the south korean government. We just need to hodl and be warm for there will always be sunshine during this bloodbaths. If this dumps scares you then I advise you to not to trade anymore for it is bad for your health.

jhongzjhong

full member

Activity: 798

Merit: 109

https://bmy.guide

Quote from: erickkyut on January 15, 2018, 09:49:16 PM

The crypto market are currently all in red. It seems that there is a bloodbath. How long do you think will it take and what do you think is the reason behind it? Is it just a massive price correction or is it the end for the crypto world? Just want to know your opinion about it.

I think this is not now happen in 4 months i involved in trading i always saw like this in ctypto marketcap not only coins having red, all altcoins are really affected on bitcoin dropping that's why many altcoins now also drop in coinsmarketcap. It is normal now i think it takes a months after will recover all dumping coins and also bitcoin.

Quote from: ss890 on January 16, 2018, 03:58:24 AM

Quote

end for the crypto world?

Ah! Pretty sure its not the end of the bitcoin or any other crypto currency. The market is really huge and popular. Yet the whole world doesn't know about it anything.

Yes this is not the end, besides it is now the better opportunity to buy more coin if you have enough funds and just hold atleast 4-5 months.

ss890

sr. member

Activity: 644

Merit: 263

Quote from: erickkyut on January 15, 2018, 09:49:16 PM

The crypto market are currently all in red. It seems that there is a bloodbath. How long do you think will it take and what do you think is the reason behind it? Is it just a massive price correction or is it the end for the crypto world? Just want to know your opinion about it.

You born today or what?

This bloodbath have been there many time and it always turned into Greenfield many times! Im not sure if you have experienced this earlier or have you been watching the coinmarketcap always. Because with what I have seen up until now looks to me perfect. This is just market correction and nothing else. In the world of crypto it can happen many times and in the world many crypto's are dumped just like that. The panic patterns are more than enough here so some of them are experiencing that. May be thats what happening currently.

Quote

end for the crypto world?

Ah! Pretty sure its not the end of the bitcoin or any other crypto currency. The market is really huge and popular. Yet the whole world doesn't know about it anything.

Avispeat

newbie

Activity: 56

Merit: 0

Quote from: maarx on January 16, 2018, 03:38:56 AM

Quote from: The Lone Predator on January 16, 2018, 01:37:00 AM

There is no bloodbath. Only a normal correction. Who has just a little experience in forex knows this.

Lack of investment into cryptos, banning of traders, exchangers in Korea, a long holiday gap and and the price value are the reasons for the whole market price being in red. But, they are resuming now as per coinmarketcap.com data.

I am sure the market will boom again soon. As we predicted, we can still expect bitcoin rate and other altcoins rate go up in few days.

It's just to many new traders who don't understand how prices move here, nothing else like bad news I'd say. When you have many people entering and when they see quick buck they are scared to hold their coins as there are a lot of talks about this being a bubble, which can be true on its own but seeing this like every time we are ignorant on that claim, which has as a result they are selling to take profits. Always goes like this.

Agetan

member

Activity: 196

Merit: 11

Quote from: BatuhanU on January 15, 2018, 09:55:25 PM

The total market cap(https://coinmarketcap.com/charts/) is higher than it was at the start of the year(just 15 days ago), so imo it's fully normal and okay for something like this to happen

I also think this is normal in market, in any market so not only crypto market.
Correction is the way we know that the market is healthy so not only 1 time goes up very rapidly and goes down crashing with no more value.

maarx

hero member

Activity: 882

Merit: 517

cloverdex.io

Quote from: The Lone Predator on January 16, 2018, 01:37:00 AM

There is no bloodbath. Only a normal correction. Who has just a little experience in forex knows this.

Lack of investment into cryptos, banning of traders, exchangers in Korea, a long holiday gap and and the price value are the reasons for the whole market price being in red. But, they are resuming now as per coinmarketcap.com data.

I am sure the market will boom again soon. As we predicted, we can still expect bitcoin rate and other altcoins rate go up in few days.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: The Lone Predator on January 16, 2018, 01:37:00 AM

There is no bloodbath. Only a normal correction. Who has just a little experience in forex knows this.

To be honest you don't even need to have any experience on any kind of markets whatsoever. You can easily know this just simply by seeing the price graph of almost any other decent cryptocurrency out there.

The Lone Predator

newbie

Activity: 11

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There is no bloodbath. Only a normal correction. Who has just a little experience in forex knows this.

Quantum Mind Flow

newbie

Activity: 16

Merit: 0

A lot of inexperienced people believe that in a market you can win forever! Sorry, you can't.
Welcome to the real world.

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