Weekend Dip incoming as usual.
Let's see what happens next week. Good times for day trading!
Topic: Dump is not over yet - page 6. (Read 6578 times)
The time for a swing trader to buy is when you get far enough outside an established range to make it worth your while because you'll almost always bounce back up to resistance. For example in the included example here you can see we sold off significantly below the bottom red line, more than twice the distance, and bounced back up too it. These type of trades are quite profitable and it's why swing traders like wild swings and big moves because they are actually easier to predict than when a market is drifting around doing nothing.
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Ultimately the above guy is right... bitcoin will eventually hit all time highs, but whether it takes 2 months and a 40% selloff to base or 3 years and a 75% selloff to base remains to be seen. This is why they tell the average joe to just dollar cost average, and not try to time the market. The bigger the move, the longer it takes to finish the cycle, kind of a law of nature.... it took the Nasdaq 15 years to get back to 5000.
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Ultimately the above guy is right... bitcoin will eventually hit all time highs, but whether it takes 2 months and a 40% selloff to base or 3 years and a 75% selloff to base remains to be seen. This is why they tell the average joe to just dollar cost average, and not try to time the market. The bigger the move, the longer it takes to finish the cycle, kind of a law of nature.... it took the Nasdaq 15 years to get back to 5000.
Yes, OP is correct. We are not yet done with the dump. Bitcoin will reach the 1900usd to 1800usd first. I think this is the dip. Then we will proceed to 2000usd to 3000usd... 4000usd... Then next is history. Checkout the July 2015 and 2016 bitcoin chart, the chart will just repeat itself.
Checkout this chart:
Checkout this chart:
In my opinion it will continue till August or end of the August.
It is happening because of the fear of losing money.
Then market will be normal again i think.
It is happening because of the fear of losing money.
Then market will be normal again i think.
People or newbie bounty hunters are responsible for this . Also the fact of 1st august is the also responsible for this dump because many people are selling their coins and it affect the price.
Maybe we can see gain and gain and more gain after 1 august and after few months. We can only wait for it
Maybe we can see gain and gain and more gain after 1 august and after few months. We can only wait for it
Exactly, nobody doesn't know exact predictions about the Dump because no one has no idea about the price after August. That's why many people are dumping the coins in the market. There are chances that the price may increase or decrease after the August.
yes, the dump is still at the beginning phase, maybe it will last in 1-2month, i hope i can see eth below $100 again and btc below $1500, im gonna buy more
Its normal for market to go down before major decisions/events which doesn't have a positive potential outlook towards future. This scares off Whales who are investing big money for big profit to put their investment. It acts as snow ball followed by Pump-Dump groups, daily traders, margin traders and new investors.
Once that phase is gone, its business as normal and slowly market will regain strength. Give some time to market to breathe ...
Once that phase is gone, its business as normal and slowly market will regain strength. Give some time to market to breathe ...
One thing I'm really concerned about is how people prepare for the August 1 BTC shenanigans. Many people are advising to take all BTC out of exchanges. If such is the case, altcoins are going to tank in value because there is significantly reduced amounts of Bitcoin to be purchasing the alts with. There's a lot of evidence to support this actuality.
Yeah, in some exchange the admins are advising to withdraw too (example: the rock trading https://medium.com/the-rock-trading/the-rock-trading-and-bitcoin-hard-fork-8e31f82faf88 ). Lot of people think they're going to double their coins but it's possible that some exchange will only support one chain (core probably) and not the fork (if it's happening) so maybe the wallet management will be difficult on those days.
There is a very real possibility that volume is going to grind to a halt. What that means is everything is going to come crashing down. Seriously. The best bet may be buying into XCP, WAVES, and other platforms with their own dedicated altcoin exchanges to use as altcoin tender for the time being. They might be the only coins to surge on through.
Op your speculation is right there may be further dump may be bitcoin may go below $1,900 support level and Ethereum may go below $150! I just reviews https://coinmarketcap.com and. I find out that almost all the coins are in red after green yesterday. I think people are converting there coins to fiat because of the fear of August first!
One thing I'm really concerned about is how people prepare for the August 1 BTC shenanigans. Many people are advising to take all BTC out of exchanges. If such is the case, altcoins are going to tank in value because there is significantly reduced amounts of Bitcoin to be purchasing the alts with. There's a lot of evidence to support this actuality.
Yeah, in some exchange the admins are advising to withdraw too (example: the rock trading https://medium.com/the-rock-trading/the-rock-trading-and-bitcoin-hard-fork-8e31f82faf88 ). Lot of people think they're going to double their coins but it's possible that some exchange will only support one chain (core probably) and not the fork (if it's happening) so maybe the wallet management will be difficult on those days.
On such a dumps I look other performer.
For example at the moment the best buy is SCORECOIN
For example at the moment the best buy is SCORECOIN
One thing I'm really concerned about is how people prepare for the August 1 BTC shenanigans. Many people are advising to take all BTC out of exchanges. If such is the case, altcoins are going to tank in value because there is significantly reduced amounts of Bitcoin to be purchasing the alts with. There's a lot of evidence to support this actuality.
Summer sales again. Shopping time.
People or newbie bounty hunters are responsible for this .
It is stupid to put blame on anyone for this. Investors are simply bearish, they sell and wait to price to go lower, then buy again. That is normal move, nothing wrong with that.
I don't think the market will regain confidence under the Bitcoin issue is settled.
A) Optimistically, Seg2 is adopted and the Aug 01 UASF becomes irrelevant. Bull market returns, and BTC carries on smoothly to LN and beyond, with alts also returning to green.
B) But if everything goes wrong... chain split, two different coins, chaos.
Personally I think A is looking far more likely, but I may be wrong as this doesn't seem to be reflected in the market yet.
A) Optimistically, Seg2 is adopted and the Aug 01 UASF becomes irrelevant. Bull market returns, and BTC carries on smoothly to LN and beyond, with alts also returning to green.
B) But if everything goes wrong... chain split, two different coins, chaos.
Personally I think A is looking far more likely, but I may be wrong as this doesn't seem to be reflected in the market yet.
Bounties are very small percentage and they are not responsible, negative impact comes from BTC. People are under pressure scared how will others react. What will happen next..?
What if peole sudenly decide to withdrawal theirs BTC's in wallets in expecation of BTC dividing? How this can effect on alts?
What if maority decide to exit in dollars, maybe it is safer
?
You just cant predict what others will do, but this will crete chainreaction for sure.
For me this is perfectly normal thing, but this won't pass without turbulence be sure in that.
What if peole sudenly decide to withdrawal theirs BTC's in wallets in expecation of BTC dividing? How this can effect on alts?
What if maority decide to exit in dollars, maybe it is safer
?You just cant predict what others will do, but this will crete chainreaction for sure.
For me this is perfectly normal thing, but this won't pass without turbulence be sure in that.
People or newbie bounty hunters are responsible for this . Also the fact of 1st august is the also responsible for this dump because many people are selling their coins and it affect the price.
Maybe we can see gain and gain and more gain after 1 august and after few months. We can only wait for it
Maybe we can see gain and gain and more gain after 1 august and after few months. We can only wait for it
I can see the red everywhere now. So I think we may see the next big dump for the whole market. I am pessimistic and don't know when this downtrend stops.
yup dump is happen again, i think this will like this until the end of the month and i hope after august 1, the situations will change so we can make good profit because almost altcoin is going to go base price. i think for now, we can buy many altcoin because the price is in lower price and we can buy much amount and hold until the price is back normal.
I'll use this thread to throw in my latest analysis... I threw in a look at the short term selloff we had around May 26-28 zoomed in to see what we could possibly have in store if the bubble has indeed not burst but just corrected really badly... I'd estimate a drop to around $65B market cap hard and fast and set your limit orders around these levels to pick crap up for the bounce... I think the bubble has burst for a few months to years but if it hasn't it could surge back up to all time highs within a month or two after this correction. Charting is not perfect, it's educated guessing at best. Either way I believe we sell off from here, correction or burst regardless.
Disclaimer: You are responsible for your own investing decisions.
Disclaimer: You are responsible for your own investing decisions.
I think you're right - not only in your analysis but also the prediction. I believe many factors are involved and price will continue to dump for a while, but what will kickstart the price up again? As I don't think 1st Aug will be that strong...
I think in this month there will be another or two dumps.
Well, all possibilities are open, we coulnd't know for sure.
If you want to buy now, it's up to you.
Well, all possibilities are open, we coulnd't know for sure.
If you want to buy now, it's up to you.
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