The Bitcoin pump in 2013 happened because there was an overwhelming consensus that Bitcoin can have real world use some day. That pump dumped, and Bitcoin has since resurrected itself with concrete evidence of real world usage.
Same thing is happening right now. Everyone sees all these wonderful promises and decides that altcoins are going to do big things some day. Well, they currently aren't doing jack shit- so a pump correction is imminent.
Topic: Market is going to dump on you at some point - page 2. (Read 3923 times)
..greater-fool game is the correct term for it i guess Dino 
You get what i am saying LOL
But i don't think many of these guys get it.
They think it's all up up up.. and nothing but a bright future.
The first guys i seen to pump in the scene were Fontas and Headless etc.
I told headless way back if he killed his cow the gravy train would dry up..
He did !
In other words pumpers don't *usually pump with out dumping again at some point.
Although i think the idea of "pumping" a coin has now turned into a marketing thing almost.
Coin teams now want to have their coins pump and hopefully RETAIN THE VALUE LATER
where as way back pumpers didn't care if they left the coin for dead..
But..
Let's not be fools.. anyone pumping is going to be taking profits.
No one is going to simply pour money into some project with out hoping to realize a return on it *eventually.
EDIT:
For example Butters from Ethereum infamy took a million dollar dump (if not more)
And where did that million dollars come from ? Thin air ? hahahha
You get what i am saying LOL
But i don't think many of these guys get it.
They think it's all up up up.. and nothing but a bright future.
The first guys i seen to pump in the scene were Fontas and Headless etc.
I told headless way back if he killed his cow the gravy train would dry up..
He did !
In other words pumpers don't *usually pump with out dumping again at some point.
Although i think the idea of "pumping" a coin has now turned into a marketing thing almost.
Coin teams now want to have their coins pump and hopefully RETAIN THE VALUE LATER
where as way back pumpers didn't care if they left the coin for dead..
But..
Let's not be fools.. anyone pumping is going to be taking profits.
No one is going to simply pour money into some project with out hoping to realize a return on it *eventually.
EDIT:
For example Butters from Ethereum infamy took a million dollar dump (if not more)
And where did that million dollars come from ? Thin air ? hahahha
I find it forever amusing how all 10 of 10 guys in a room think they are smart and will be the "winner" getting profit.
When it's a mathematical impossibility.
When it's a mathematical impossibility.
That's the essence of a greater-fool game, and all of crypto, bitcoin included, is a greater-fool game.
(apart from those few who use it simply as a means of payment, by quickly obtaining coins, transacting, and selling them).
That said, in a greater fool game, there ARE winners ; they need "adoption" however, to have armies of losers financing their gains ; and they draw in the losers by showing how they can (dream to) be "winners".
It is the core of crypto. And that's because most if not all crypto is based upon deflationary stuff.
Deflationary stuff is always greater-fool.
..spewin' a whole lot of bullshit i see guys.
Bottom Line:
- There has to be mass dumping.
- Most will be losers.
- Only one way out = dump before the next guy.
I find it forever amusing how all 10 of 10 guys in a room think they are smart and will be the "winner" getting profit.
When it's a mathematical impossibility.
In the ALT scene every trader think he's the smart one..
It doesn't matter what you think though.
It's math.. it's the way of life.
What happens when you go to a casino and pick any game and keep playing ?
You lose ALL your money.
So the only way to prevent this eventual scenario is to dump before the other guy.
Then the domino effect kicks in and there you have it 70% losers and a few break even
and even fewer come away with large profits.
Not sure how the hell you guys can ramble on not grasping this deadly simple concept.
It is the way it is here and how it always will be.
All the talking shit on a forum won't prevent your wallet from getting any lighter
..your gambling on worthless unregulated shitcoins in a rigged market scene guys.
You'd have better odd's at any regulated and accountable Casino then you would "playing Crypto"
Hell you would have the same or better odd's buying a regulated and accountable lottery ticket.
EDIT:
@iram3130
I agree to an extent (i get what you are saying)
But.. Time is money.
If you bought coins and you missed the chance to dump for profit and it takes another year or two for another chance to even break even then your still taking a loss.
Because your money invested is worth money.
Time = money.
..get what i am driving at ?
Do you all think these two cases are equal ?
- User #1 gets profit in 10 days for $100.
- User #2 gets profit in 100 days for $100.
..meanwhile during that time with your money "tied up"
you could have put the money in any bank and pulled in a minimum guaranteed profit.
Bottom Line:
- There has to be mass dumping.
- Most will be losers.
- Only one way out = dump before the next guy.
I find it forever amusing how all 10 of 10 guys in a room think they are smart and will be the "winner" getting profit.
When it's a mathematical impossibility.
In the ALT scene every trader think he's the smart one..
It doesn't matter what you think though.
It's math.. it's the way of life.
What happens when you go to a casino and pick any game and keep playing ?
You lose ALL your money.
So the only way to prevent this eventual scenario is to dump before the other guy.
Then the domino effect kicks in and there you have it 70% losers and a few break even
and even fewer come away with large profits.
Not sure how the hell you guys can ramble on not grasping this deadly simple concept.
It is the way it is here and how it always will be.
All the talking shit on a forum won't prevent your wallet from getting any lighter
..your gambling on worthless unregulated shitcoins in a rigged market scene guys.
You'd have better odd's at any regulated and accountable Casino then you would "playing Crypto"
Hell you would have the same or better odd's buying a regulated and accountable lottery ticket.
EDIT:
@iram3130
I agree to an extent (i get what you are saying)
But.. Time is money.
If you bought coins and you missed the chance to dump for profit and it takes another year or two for another chance to even break even then your still taking a loss.
Because your money invested is worth money.
Time = money.
..get what i am driving at ?
Do you all think these two cases are equal ?
- User #1 gets profit in 10 days for $100.
- User #2 gets profit in 100 days for $100.
..meanwhile during that time with your money "tied up"
you could have put the money in any bank and pulled in a minimum guaranteed profit.
That's a certainty.
Nothing is certain, but I think a correction is definitely on its way. With the exception of a couple of alts that I believe will hold their value, I see a big dip coming soon.
After so many pumps, there'll be dumps for sure, who knows may be in many altcoins. Long term holding is the key to success with cryptocurrencies.
That's a certainty.
If you are an amateur traders certainly but a skillful and professional traders I disagree with you. Professional traders don't relay on news and pump for trading but they used technical analysis for entries and exists plan and when to hold trading. Successful traders daily plan and review their trade, their don't just buy and leave the market to decide for them but wisely trade along with trend. 
That's a certainty.
Nothing is certain, but I think a correction is definitely on its way. With the exception of a couple of alts that I believe will hold their value, I see a big dip coming soon.
the thing you forgot about altcoin market is that it is pumped so it actually IS certain that they will be dumped. some altcoins will be harder to get dumped because they have attracted so many newbies and they slow the dumping process down and some altcoins which are smaller will get dumped faster.
and also because of it, there are a lot of weak hands in the market and when (what you call) correction happens, there will be a mass panic sells and that will dump the price.
That's a certainty.
Nothing is certain, but I think a correction is definitely on its way. With the exception of a couple of alts that I believe will hold their value, I see a big dip coming soon.
I can see that most altcoin dump at the moment meanwhile bitcoin continue to increase everyday.
I think altcoin still adapting on bitcoin value which I'm very amaze to see current value for bitcoin.
Keep hold guys !
I think altcoin still adapting on bitcoin value which I'm very amaze to see current value for bitcoin.
Keep hold guys !
they are on the same line bitcoin is getting a little dumped now, probably a price correction, and altcoin, too are in price correction area now, everyone know that at some point dump are healthy to redistribute the wealth, you can't think that the value will increase indefinitely withotu a break, this would be stupid lol
I think there will not be a correction on altcoin prices. Yes it has been going up steadily overtime but I believe after all the dust settles and bitcoin prices gets back to lower prices (I suppose around 1200 would be normal) and altcoin prices fluctuates a bit more.
There will be at least 50% marketshare of altcoins compared to 50% bitcoin. It was 70%+ just couple months ago. I think it can go even further in time.
There will be at least 50% marketshare of altcoins compared to 50% bitcoin. It was 70%+ just couple months ago. I think it can go even further in time.
right now there is a bubble but there is also some denial in the altcoin market.
prices have gone up super fast and super big. now they need to come down in a dump, we already saw some massive dump take place. but people are associating it with poloniex being down, but it actually is the other way around, the altcoins got dumped and polo went down because of it!
we will surely see many dead cat bounces all around the market to get some more victims but eventually they all end up dumping after they lost a good amount of money and they started facing the reality.
prices have gone up super fast and super big. now they need to come down in a dump, we already saw some massive dump take place. but people are associating it with poloniex being down, but it actually is the other way around, the altcoins got dumped and polo went down because of it!
we will surely see many dead cat bounces all around the market to get some more victims but eventually they all end up dumping after they lost a good amount of money and they started facing the reality.
Sounds about right to me.
Lets not forget the buying of Altcoins was because of the lure of profits.
Like the buying of bitcoin. No difference.
i hope peolple will sell before the giant dump happens... support is already vanishing and market is moving into a panic state im not a fudder truss me basend on a real world analysis i believe this correction is just the beginning of the longest bear market in the history of crypto currencies. there will be blood on the streets and alt bubble is about to pop... wish i had sold all at the top yesterday
If only we knew when... FOMO is keeping people in, we don't want to get away from this returns.
right now there is a bubble but there is also some denial in the altcoin market.
prices have gone up super fast and super big. now they need to come down in a dump, we already saw some massive dump take place. but people are associating it with poloniex being down, but it actually is the other way around, the altcoins got dumped and polo went down because of it!
we will surely see many dead cat bounces all around the market to get some more victims but eventually they all end up dumping after they lost a good amount of money and they started facing the reality.
prices have gone up super fast and super big. now they need to come down in a dump, we already saw some massive dump take place. but people are associating it with poloniex being down, but it actually is the other way around, the altcoins got dumped and polo went down because of it!
we will surely see many dead cat bounces all around the market to get some more victims but eventually they all end up dumping after they lost a good amount of money and they started facing the reality.
Sounds about right to me.
Lets not forget the buying of Altcoins was because of the lure of profits.
So follow the chain..
New guy shows up, then he buys BTC (so he can buy ALT's for ROI's)
That causes BTC to soar higher..
When the momentum swings the other way with Altcoins the stampede will dry up.
I seen this in late 2013.
A boom of users flocked here and bought anything not nailed down.
They didn't care what.
But it came crashing down eventually.
The reality is if a group of guys walk into a room with money only a couple will walk out with most of it.
Your grandiose profits guys are the money taken straight out of MANY other users wallets.
Where the hell do you all think these huge profits come from ?
They come from a LOT of guys losing small amounts combing into a larger gain for you !
It's a deadly simple math and.. a mathematical certainty.
I seen a science TV show that show cased a scientific formula for the process.
It resembled boiling water.
It's been pointed out how all of human history has repeated this formula too.
Countries that started over and had all the money divided up equally quickly had the 1% hold all the wealth.
It's the way of life in every aspect and undeniable and unavoidable.
It's pretty much entropy.
It's like trying to stop the universe from expanding (a form of entropy)
Most of you will be losers and that is a fact.
Some will profit.
Some will break even and even fewer will walk away a winner at the Altcoin Casino.
Who's staying at the table ?
All it takes is a blow of the wind and momentum will swing the other way.
Then the hoards will super dump in pure panic.
And all this soaring Altcoins action can not be sustained.
There will be dumping.
I don't have any problem with market is going down, it is just about how to make analysis of price
and what will be done if the trend of price is going down,
if the markets is still going down, i never trading altcoins until there is signal the markets starts going up
or if i have made wrong prediction and open positions, it is time to cut lost.
and what will be done if the trend of price is going down,
if the markets is still going down, i never trading altcoins until there is signal the markets starts going up
or if i have made wrong prediction and open positions, it is time to cut lost.
I can see that most altcoin dump at the moment meanwhile bitcoin continue to increase everyday.
I think altcoin still adapting on bitcoin value which I'm very amaze to see current value for bitcoin.
Keep hold guys !
I think altcoin still adapting on bitcoin value which I'm very amaze to see current value for bitcoin.
Keep hold guys !
right now there is a bubble but there is also some denial in the altcoin market.
prices have gone up super fast and super big. now they need to come down in a dump, we already saw some massive dump take place. but people are associating it with poloniex being down, but it actually is the other way around, the altcoins got dumped and polo went down because of it!
we will surely see many dead cat bounces all around the market to get some more victims but eventually they all end up dumping after they lost a good amount of money and they started facing the reality.
Which coins are dumping? Ethereum is now 89$ which is still good. Litecoin is going up and approaching 2 billion dollars of market capitalization. Even dash and monero are still going up. I believe dump is not there yet. And what will start happening is not a dump but rather a stabilization. Good coins will be distinguished more from bad ones and the prices will stop changing that fast. It will just become harder to manipulate alts' prices.prices have gone up super fast and super big. now they need to come down in a dump, we already saw some massive dump take place. but people are associating it with poloniex being down, but it actually is the other way around, the altcoins got dumped and polo went down because of it!
we will surely see many dead cat bounces all around the market to get some more victims but eventually they all end up dumping after they lost a good amount of money and they started facing the reality.
No they don't get distinguished from bad ones. The Crypto currency market is different then the stockmarket.
All the coins go to nearly zero because you don't know if the Government will shut everything down so people don't put all the money back in for years until their certain. It's a huge risk who will put ten thousand dollars into a coin after a crash not knowing if the government will shut everything down. That's why if you look at the chart the prices were rediculously low for all those years.
Maybe worth mentioning: 2013 and 2014 bubbles had higher interest from the www in general - and marketcap is much higher now than it was back then.
Currently interest in btc is half as big as it was on the peak in 2013/14 and only 2/3 from the bubble in early 2013.
Look, Litecoin had much higher interest in 2013/14 than Ethereum has now.
Don't think there's no risk. It might be overvalued already. Ethereum and LTC certainly are overvalued aswell as ripple, nem and many other alts.
just my 2satoshi
Currently interest in btc is half as big as it was on the peak in 2013/14 and only 2/3 from the bubble in early 2013.
Look, Litecoin had much higher interest in 2013/14 than Ethereum has now.
Don't think there's no risk. It might be overvalued already. Ethereum and LTC certainly are overvalued aswell as ripple, nem and many other alts.
just my 2satoshi
I didn't want to bring it up just yet but I remember this. All I'm going to say is if you hold Bitcoin you make money as people opt out. The top in Bitcoin hasn't happened yet. but the signs of a bear market and Top in the Alt market has ! People are blind to what's going on back in 2013/14 People lost thousands of dollars it was crazy. Could you ad ripple to this. Ripple was another one. I think it's market cap got to 4bilion before The crash.
Bubble bubble bubble, what bubble are talking about? 1929 or 2008? if so cryptocurrencies have more than 10years before that big bubble.
In the meantime we are in very small bubbles sometimes because the crypto market is new and so small.
"99% of the people around me laugh when I speak about criptocurrencies. There is nobody inside this new asset class. How can we live in a bubble if 99% of the people I know do not even know what is this blockchain technology about? I think you are confusing high volatility with a bubble. Of course we will see eventually a bubble, but it will be a bubble when your taxi driver tells you how good is buying bitcoin! That will be the time to jump!" Said someone, and i'm with him.
In the meantime we are in very small bubbles sometimes because the crypto market is new and so small.
"99% of the people around me laugh when I speak about criptocurrencies. There is nobody inside this new asset class. How can we live in a bubble if 99% of the people I know do not even know what is this blockchain technology about? I think you are confusing high volatility with a bubble. Of course we will see eventually a bubble, but it will be a bubble when your taxi driver tells you how good is buying bitcoin! That will be the time to jump!" Said someone, and i'm with him.
https://en.wikipedia.org/wiki/Economic_bubble
"An economic bubble or asset bubble (sometimes also referred to as a speculative bubble, a market bubble, a price bubble, a financial bubble, a speculative mania, or a balloon) is trade in an asset at a price or price range that strongly exceeds the asset's intrinsic value."
or a better explanation from investopedia
http://www.investopedia.com/terms/b/bubble.asp
"A bubble is an economic cycle characterized by rapid escalation of asset prices followed by a contraction. It is created by a surge in asset prices unwarranted by the fundamentals of the asset and driven by exuberant market behavior. When no more investors are willing to buy at the elevated price, a massive selloff occurs, causing the bubble to deflate."
a bubble has nothing to do with whether or not people around you know about that asset. it is all about price and how that price reached the current inflated state. and the two above descriptions match the situation in altcoin market 100%.
- price went up rapidly : check
- exceeding the intrinsic value of altcoins : check
- followed by a dump : check
- history of these altcoins being pump and dump : check
Yup there's a bubble people have been moving back into Bitcoin now from the Altcoins only look at times like there moving up because thier paired against bitcoin who's price has moved up ! and people have figured this out so now people are buying Bitcoin so Bitcoin is rising by people leaving alt coins plus people buying bit coin because it's going to rise Pretty crazy. Just think of what the price Bitcoin will be as all the market caps from Alts go into Bitcoin. The problem is the volume in alt coins have been decreasing because The Alt market topped out. and with no buyers to sell too people are loosing money and opting out as they do this Bitcoin sores. The new money moving into Bitcoin is not enough to move the alt markets but with only sixteen million bitcoins the price sores. There will be a huge bear market in Alts and a bull market in Bitcoin until the amount that goes into Bitcoin can support the volume needed to put a floor in Alt prices until then people will continue to move out of Alts. And Bitcoins prices are truly supported by volume giving more reason to hold Bitcoin over alts. And as Bitcoin surges the price becomes more parabolic.
Depends on the type of coin you invest in.
Yes and depend on the ways of investments long or short investmentsthe markets goes dump and pump are good to testing the trend of price,
they are needed by all of ecosystem especially for the traders altcoins are like me
we just need the right altcoins to investing into there.
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