Dump? | Bitcointalksearch.org

Lionel

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Quote from: Lmaooo on September 04, 2017, 12:33:35 PM

Quote from: parepare on September 02, 2017, 10:45:11 AM

What is the reason of this drop? Any news i missed?

China bans ICOs and cryptocurrency to fiat exchange in the country for now that is the reason behind the drop. You may dump as well If you like to because there are too much uncertainty in the market. Cool

If crypto really is a treat to bank tyranny, i am surprised it is taking that long for them to ban the BTC exchanges.
So the BTC ban actually is a good sign, it means crypto can really replace bank accounts and they don't like it.

We should expect such a ban and similar failures of crypto-related centralized services, because centralized services are easily attackable.

They have invented a decentralized money just to avoid such problems, and we are still using centralized services??

We should change mentality, we should start preferring more untraceable ways of doing things at the expense of some user friendliness.
Often the easiest way is not the safest.

For example buying with credit card it's easy but the drawback is... they know what you bought and how much you transacted.

Lmaooo

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santacoin.io

Quote from: parepare on September 02, 2017, 10:45:11 AM

What is the reason of this drop? Any news i missed?

China bans ICOs and cryptocurrency to fiat exchange in the country for now that is the reason behind the drop. You may dump as well If you like to because there are too much uncertainty in the market. Cool

alisonwonder

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the Chinese regulation bans ICO's and the impact was really felt directly, also many people who panic to sell so the prices falling. for me, this is the right time to buy some cheap coins.

aretebit

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All that glitters is not bitcoin

Quote from: Febo on September 04, 2017, 10:18:43 AM

Quote from: parepare on September 02, 2017, 10:45:11 AM

What is the reason of this drop? Any news i missed?

https://siliconangle.com/blog/2017/09/03/china-bans-initial-coin-offerings-pending-review/

China baned ICOs.

Funny thing is that also fair crypto like BTC, LTC, BHC and XMR are losing its value. Totally not logical.

Yes they are not related. Eth family alts failing for icos. Btc failing for the $5k resistance.

Febo

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Quote from: parepare on September 02, 2017, 10:45:11 AM

What is the reason of this drop? Any news i missed?

https://siliconangle.com/blog/2017/09/03/china-bans-initial-coin-offerings-pending-review/

China baned ICOs.

Funny thing is that also fair crypto like BTC, LTC, BHC and XMR are losing its value. Totally not logical.

criz2fer

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Activity: 672

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Quote from: kryptqnick on September 04, 2017, 05:41:20 AM

Quote from: Bonanzacoin on September 04, 2017, 05:04:34 AM

Its because of Chinese ICO regulations. Theyve banned it at this point (the banks).

This surely explains NEO and ADX being down so strong but not btc and others. From time to time huge dumps happen and provide a good opportunity to buy some coins. I know it's a tough time when you see all your investments costing a lot less than a few days ago but this will change and eventually you'll see 'em all green again. Well, perhaps not the Chinese ones and icos which are already launched on Neo. I made a stupid mistake of listening to what others were saying. I bought adx hoping for the big pump to occur in September and lost 30% of invested money already.

I think this news from China stirs up a little in the dump. Also bought STORJ and VOX hoping to pump a little but almost all of the altcoins are rally affected in this. My investment are sleeping right now. Hope to recover soon

nhote

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Quote from: zorranco on September 04, 2017, 09:48:27 AM

Quote from: alyssa85 on September 04, 2017, 06:53:30 AM

Quote from: kryptqnick on September 04, 2017, 05:41:20 AM

Quote from: Bonanzacoin on September 04, 2017, 05:04:34 AM

Its because of Chinese ICO regulations. Theyve banned it at this point (the banks).

This surely explains NEO and ADX being down so strong but not btc and others. From time to time huge dumps happen and provide a good opportunity to buy some coins. I know it's a tough time when you see all your investments costing a lot less than a few days ago but this will change and eventually you'll see 'em all green again. Well, perhaps not the Chinese ones and icos which are already launched on Neo. I made a stupid mistake of listening to what others were saying. I bought adx hoping for the big pump to occur in September and lost 30% of invested money already.

China hasn't just stopped all ICOs being sold in China. They have announced that they are going to do an inspection of 60 chinese exchanges.

My guess is that users of those exchanges are hastily liquidating and getting their funds out. And that is what is causing the sell-off of everything.

Source??

https://www.c[Suspicious link removed]m/2017/09/04/chinese-icos-china-bans-fundraising-through-initial-coin-offerings-report-says.html

zorranco

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Activity: 177

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Quote from: alyssa85 on September 04, 2017, 06:53:30 AM

Quote from: kryptqnick on September 04, 2017, 05:41:20 AM

Quote from: Bonanzacoin on September 04, 2017, 05:04:34 AM

Its because of Chinese ICO regulations. Theyve banned it at this point (the banks).

This surely explains NEO and ADX being down so strong but not btc and others. From time to time huge dumps happen and provide a good opportunity to buy some coins. I know it's a tough time when you see all your investments costing a lot less than a few days ago but this will change and eventually you'll see 'em all green again. Well, perhaps not the Chinese ones and icos which are already launched on Neo. I made a stupid mistake of listening to what others were saying. I bought adx hoping for the big pump to occur in September and lost 30% of invested money already.

China hasn't just stopped all ICOs being sold in China. They have announced that they are going to do an inspection of 60 chinese exchanges.

My guess is that users of those exchanges are hastily liquidating and getting their funds out. And that is what is causing the sell-off of everything.

Source??

zorranco

full member

Activity: 177

Merit: 100

What a LOL.

2 days people saying "it's normal correction".

And it was china's ICO stuff...

xXLimbXx

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Activity: 336

Merit: 100

Just HODL and buy more if you have some extra money to spend

Kinieter

newbie

Activity: 74

Merit: 0

im just holding my coin , reading this thread is intresting

now i know its a correction , well at least already ordering antminer at high btc price

Cnut237

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Activity: 1904

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It will be worth remembering this thread next year when bitcoin hits $10k and prices plummet.
Remember to sell just before $10k and then buy back lower!

Quidat

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Quote from: TimeHacker on September 03, 2017, 05:57:16 PM

I see two reasons there:
1. BTC price reached $5000, which is a very strong psychological barrier. Many investors thus decided to take their profits at this level.
2. It might also be a typical weekend dump, abusing the fact that people can't deposit fiat money into echanges during the weekend. The dump triggers stop loss orders and price falls even lower. Speculators can then buy cheap BTC before the price goes back up during the next week, when people can send money to echanges again.

Smart move eh? You do already know on how spectators do act on this kind of price correction.This is not really a shocking news since price corrections or profit taking is just really normal for a healthy market.For now im waiting for the lowest price as possible before tending to buyback.Im one of those people who do sell off and lucky enough to convert on 4900 price because i do believe that price wont really break on 5k usd.

speaktome

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Activity: 462

Merit: 250

Quote from: alyssa85 on September 04, 2017, 06:53:30 AM

Quote from: kryptqnick on September 04, 2017, 05:41:20 AM

Quote from: Bonanzacoin on September 04, 2017, 05:04:34 AM

Its because of Chinese ICO regulations. Theyve banned it at this point (the banks).

This surely explains NEO and ADX being down so strong but not btc and others. From time to time huge dumps happen and provide a good opportunity to buy some coins. I know it's a tough time when you see all your investments costing a lot less than a few days ago but this will change and eventually you'll see 'em all green again. Well, perhaps not the Chinese ones and icos which are already launched on Neo. I made a stupid mistake of listening to what others were saying. I bought adx hoping for the big pump to occur in September and lost 30% of invested money already.

China hasn't just stopped all ICOs being sold in China. They have announced that they are going to do an inspection of 60 chinese exchanges.

My guess is that users of those exchanges are hastily liquidating and getting their funds out. And that is what is causing the sell-off of everything.

Without a doubt prices have experienced a great fall today,almost everything is in red number,is really surprising.

alyssa85

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Quote from: kryptqnick on September 04, 2017, 05:41:20 AM

Quote from: Bonanzacoin on September 04, 2017, 05:04:34 AM

Its because of Chinese ICO regulations. Theyve banned it at this point (the banks).

This surely explains NEO and ADX being down so strong but not btc and others. From time to time huge dumps happen and provide a good opportunity to buy some coins. I know it's a tough time when you see all your investments costing a lot less than a few days ago but this will change and eventually you'll see 'em all green again. Well, perhaps not the Chinese ones and icos which are already launched on Neo. I made a stupid mistake of listening to what others were saying. I bought adx hoping for the big pump to occur in September and lost 30% of invested money already.

China hasn't just stopped all ICOs being sold in China. They have announced that they are going to do an inspection of 60 chinese exchanges.

My guess is that users of those exchanges are hastily liquidating and getting their funds out. And that is what is causing the sell-off of everything.

csmcc

member

Activity: 112

Merit: 10

BTC hitting $5000 was always likely to trigger a correction.

China banning ICO's. And crypto purchase status seems to be uncertain in China as well.

Combine the two ...... perfect dump-storm. Expect it to go down more before it (hopefully soon) goes up again. And I'd imagine the recovery of some China based tokens may be slow to non-existent. Could even end up with a couple of completely dead ducks out of all this.

Fun times!

carlisle1

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Quote from: ipanks on September 04, 2017, 05:55:56 AM

maybe its not the right time to reach $5k and the dump is happen. but i think its just correction before the price is break the barrier and reach $5k. we have much time to waiting the price is increase and its better we make a lot of profit so when the price is increase, we can enjoy our profit.

those who's planning to invest should consider this correction as there chance to make a good entry as we all assuming that bitcoin value will rise up
before this year ends, those believers will keep buying little by little coming from those panic seller who didn't understand the drill.

ipanks

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maybe its not the right time to reach $5k and the dump is happen. but i think its just correction before the price is break the barrier and reach $5k. we have much time to waiting the price is increase and its better we make a lot of profit so when the price is increase, we can enjoy our profit.

kryptqnick

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Quote from: Bonanzacoin on September 04, 2017, 05:04:34 AM

Its because of Chinese ICO regulations. Theyve banned it at this point (the banks).

This surely explains NEO and ADX being down so strong but not btc and others. From time to time huge dumps happen and provide a good opportunity to buy some coins. I know it's a tough time when you see all your investments costing a lot less than a few days ago but this will change and eventually you'll see 'em all green again. Well, perhaps not the Chinese ones and icos which are already launched on Neo. I made a stupid mistake of listening to what others were saying. I bought adx hoping for the big pump to occur in September and lost 30% of invested money already.

Saoha

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Activity: 742

Merit: 100

Quote from: parepare on September 02, 2017, 10:45:11 AM

What is the reason of this drop? Any news i missed?

I think altcoin and Bitcoin are closely related. It can be seen that after a period of bitcoin increase quite fast and it needs to regain to be able to increase more. The market withdrew about $ 12 billion. A small reduction in altcoins is a natural thing. But there will be a decrease in the increase. The market will soon be vibrant again when altcoin prices are very low, the opportunity for many whales.

Topic: Dump? (Read 3301 times)