Topic: Market is going to dump on you at some point (Read 3923 times)

Not if the project is solid and you are patient. Just avoid margin.

Buy-and-hold probably saves you from looking at the chart everyday.

The market dumped on me a couple times pretty hard. Turned me off to cryptos in general and made me back out of the ETH presale (hindsight is 20/20). Thinking about getting back into it but damn ETH has shaken things up. Everything seems to have changed from building the best decentralized currency to building the best blockchain (ecosystem).

It's the exciting part of being into crypto also. Sometimes what was speculated most turned to be worst one and the one that no one bothered went on the increase on price. Everybody does know the risk but not everybody knows how to avoid risk and where the find risk that is worth risking of risk that goes to fail. It's not controllable but i think it can be managed by reading news and updates in coins.

With dump (currently in progress) comes great buy opportunities. Get ready to buy low.

Everybody who is into the crypto exchange obviously knows its a risk which might pay off or not and the issue of dump or pump is something one cannot control and the moment it happens, most of us just move with the tide after all I am not the only one that will be affected no matter how  unlucky I am. But at the same time when we were making the money during pumps no one complains so it should just work both ways.

I have to say I never understood this fundamental distinction between Ford-T and other cars, that is, between bitcoin, the very first crypto currency, and all the others.  Of course, being the first, and on top of that, with a mysterious start, adds to the celebrity, but apart from being the first, in what ways is bitcoin special ?  It has the oldest technology, it has of course the widest network, and, just as with alt coins, its real world usage is small as compared to its speculative market cap.

The "actual usage" of bitcoin, you know, to buy stuff on the internet (other stuff than crypto or fiat of course !), apart from dark markets and extortion which are the true applications of crypto currencies, or of any other crypto for that part, has almost nothing to do with its speculative market value, which is just the value of an abstract betting token.  Crypto is totally speculation dominated, and its little bit of real world usage outside of this, is insignificant in the price setting of the asset.

This is a bit like saying that silver is of course truly valuable, as compared to, say, erbium, because with silver, people make spoons.  True, there are many more spoons made out of silver than out of erbium.  But the spoon-making industry is not what gives silver its value.

Ethereum has probably much more applications in the gambling industry: ethereum is the perfect gambling crypto, because you can write your bets in solidity.  So in a way, ethereum is more adapted to the world of gambling, betting and speculation, than bitcoin, which can essentially only transact. But again, the real usage of these tokens is of essentially no importance in its price setting, which is much more similar to the price setting of collector stamps and complex derivatives, purely based upon the interaction of technical analysis betters on the self-created market.

Being a quality project means little.
It's about the reality of the situation..
What *WILL* happen ? Not dreams & fantasies.

There has to be an ever increasing sustained user base spending money.

That is the core issue at work here guys.
Why doesn't mean much.. it's about what *IS*.

The reality is unless we see an increasing level of money pour into a project etc it will stall.
When that happens the dev's now a days prop it up.
Ethereum was doing that the whole time since the early super hype / pump campaign.
It's been one of the most heavily manipulated coins we ever seen.

I seen Zack who was working with Jagropolite admitting publicly to do that too.
He said on Cryptsy chat he was not going to let the coin fall..
The more people dumped the more he sat there putting up walls as people dumped into them.
Eventually he was overwhelmed of course.. i told him it was stupid.

So..
Don't sit there assholes and pretend like dev teams are not doing this.
They are doing it and it's now standard practice.
You are all playing a rigged and heavily manipulated little profit game guys.

All you need to do is watch the crowd..
Once you see a market stall only two things will happen ..the mystery whale will jump in and pour in cash.
Or it will slump down losing value.

Then with all these coins sky rocketing up in value we can safely assume it has to come back down.
Why ?
Natural growth.. AKA: adoption.

The prices shoot up because of one type of user.. the PROFITEER.
If average folks like my grand parents were a part of the reason for all these ALT's exploding up in price i'd say ok we have a stable price to work with.
But the reality is we see more noobs and whales pumping coins.
..simply for profit.

Since day one i have been preaching to noobs to watch your ass.
Don't be a dreamer.. low hanging-crypto fruit.

I don't want to see noobs take losses.. but they will.
Many will because of the bullshit coin floggers post here all the time too.
There is no shortage of bullshit predictions that get posted here (all engineered to get your money basically)

Do what ever the hell you all want.. just be careful guys.

if they dump now they will re enter later and another pump will start, it's always like that in crypto never stable value, we are accustomed to that, what can make this true is that the one who get the money one time will lose it the next round and the one who lose the first one will make it in the second and so on, endless loop of pump and dump like you said, where few people will take huge profit all the other are playign a sum zero game lol

And when dump happens then what, we can forget for all altcoins and buy only Bitcoin and this is it? I refuse to believe this can happen. This is to good for making money and it will stay in endless loop, buy sell pump dump. You only need to be smart when to join and when to exit.

If an alt coin which is developed with a good concept (there is a few)  is massively dumped,  the long termers will sweep the blood of the floor and fill their bags. .. .. and wait out another year.

There is some worrying posts about this section of the board though, by newbies looking for the rainbow leading to a pot of gold.

Meh.

bitcoin price was pumped back in 2013 because there was only one big exchange called Mt Gox which controlled all the bitcoin trading volume. it had nearly 75% to 80% of the market volume.

(sounds familiar doesn't it, Poloniex having same share of the volume in altcoins)

yeah the thought of bitcoin being a real word currency could have affected the price but not as the main reason. the difference however is that even back then there was a lot of real world usage for bitcoin.

but it has never been true about any of the altcoins, most of the top altcoins in lists are centralized anyways!

as i always say, people are in denial during the pumps and as long price is high. and when it drops they start panicking and the sells starts catastrophically.
same thing is true about bitcoin too, when it rises too fast, it will drop. but the difference is that bitcoin is going to be bought back again because it has a good future and still has real world usage but not altcoins. the dump will kill most of them and the bigger ones will go back to low prices and stay there until a long time to get pumped again.

Totally true , Because in my opinion the dump or rise in the market of the altcoins doesn't results into the increase or decrease in.the market of anything like altcoins trading or even bitcoin trading Because there are many numbers of the peoples who always works at the internet with bitcoin for Thier living , so they can't stop Their work and with small effect of the price people will continue Thier work of the trading and buy and also other business that they were doing .
So here overall in my opinion Everything is going fine and this is not the first time that is happening with the bitcoin ,. this is the beauty fo the bitcoin to fall and up the price .

This is the time to get out of big cap coins. I truest believe they are overbought right now. NEM worth 1 billion is a joke, who even uses it?

Small caps with lots of potential will weather any dump.

Yeah and i guess we cant do anything about that becaude that is the circulation and the system of the market that how it work we just need to follow what is happening in the market in order to earn or multiply our bitcoin in a trading system.

It is completely common in every trading industry because there will be always pumps and dumps, but in choosing the best is very hard to find then you will make lot money through Crypto Currency. At the same you have wait patiently until your turns comes.

Market is always on condition dump and pump, that is fact of markets but we can not blame the markets
because we are losing bitcoin or not getting profit from trading, we just need follow the markets and find the trend of price, the markets is going dump is mean stop trading and the markets is going pump is mean start trading.

I do not know what is the point of the thread, of course the market changes and at some point we are going to be on the losing side, that is nothing new and it is common sense.

Well put.  I think a good example of this at the moment would be something like Bela.  There's a fund and developers trying to monetize it and create a useful platform for it to extend beyond just trading.  That said, if you watch it's charts for the past weeks it's getting artificial support during dumps to keep the price from dropping below a threshold limit, and hence has been very stable.  It's probably a safe bet that Ambia is ponying up much of those BTC to do so. 

With that in mind though, it's POSSIBLE (perhaps not plausible) that some of these new ventures (for Bela their instagram competitor) will gain some level of adoption.  It will be in common adoption of these coins that money could be made outside the spec trading markets.  There's definitely very real opportunity for long term profits, and it's also very likely that blockchain currency will play a major role in 21st century economics, but right now it's pretty much blind horse betting.

 
 Which market do you mean?

 Bitcoin would certainly fall down a good bit if the world suddenly became more stable, but how often has that happened?

 The other coins market is trickier because while it too is in a bubble, many individual coins within it HAVE created new
value with their innovations. The many coins which dont add real tangible value to something WILL fall hardest and fastest