News: Bitcoin Drops to $7,200 While Ethereum, Ripple, and Bitcoin Cash See Losse - page 2.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: SmileyLadd on June 11, 2018, 09:58:26 AM

Over the past 24 hours, the cryptocurrency market dropped more than $22 billion, falling from $343 billion to $321 billion in market valuation.

the numbers you are reporting are not market "valuation". in fact they have nothing to do with value. these numbers are market capitalization which doesn't show anything at all even though people are using it by mistake to rank different coins!

Quote

Bitcoin fell by 5 percent, while other major cryptocurrencies recorded larger losses, dropping by more than 7 percent.

the altcoin dumps have always been much more severe. and there is a theory these days that the altcoin dumps is actually pulling bitcoin down no the other way around.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: jose111 on June 12, 2018, 12:11:20 AM

Quote from: cryptohunter on June 11, 2018, 10:11:28 AM

another -500 since the article

but never mind i only see good news coming out daily so it's just the big boys shaking the tree to get the weak hands out before the next big bull run

Definitely, just don't emphasize the downfall and the best things we can do is look and stay at the bright side of it. This can be a big opportunity to us in a way of keeping holding our coins and buy some more of it because for sure there will be the upcoming bullrun . Don't be panic instead be relax and calm because if we can make a wrong decisions there are many whales that waiting to grab the opportunity.

But if some of you start to become affected by the bear market, I can hold your hand and give you comfort in your moment of great doubt on Bitcoin. We can also talk about it, https://bitcointalksearch.org/topic/can-you-hold-my-hand-4454612

jose111

jr. member

Activity: 175

Merit: 1

Quote from: cryptohunter on June 11, 2018, 10:11:28 AM

another -500 since the article

but never mind i only see good news coming out daily so it's just the big boys shaking the tree to get the weak hands out before the next big bull run

Definitely, just don't emphasize the downfall and the best things we can do is look and stay at the bright side of it. This can be a big opportunity to us in a way of keeping holding our coins and buy some more of it because for sure there will be the upcoming bullrun . Don't be panic instead be relax and calm because if we can make a wrong decisions there are many whales that waiting to grab the opportunity.

hurry_hore

member

Activity: 294

Merit: 13

Disappointing to see such news, as more good news from surrounding to accept crypto currencies such as government then the price is always down. I guess there is an opportunity parties to down the price for their advantage while waiting a moment to see the big bull run of the crypto.

jack.anroid

newbie

Activity: 58

Merit: 0

Most of the time, the price of other coins also depend on the price of bitcoin. When the price of bitcoin goes down, the price of other coins also goes down. I hope in future the price will be increasing very soon.

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

another -500 since the article

but never mind i only see good news coming out daily so it's just the big boys shaking the tree to get the weak hands out before the next big bull run

SmileyLadd

newbie

Activity: 26

Merit: 0

Over the past 24 hours, the cryptocurrency market dropped more than $22 billion, falling from $343 billion to $321 billion in market valuation. Bitcoin fell by 5 percent, while other major cryptocurrencies recorded larger losses, dropping by more than 7 percent.

What Triggered the Drop?
On previous reports, CCN emphasized that while the cryptocurrency market has somewhat stabilized in terms of price movements, the volumes of most digital currencies remained relatively low. Bitcoin’s volume has not been able to rebound past the $5 billion mark, leading investors to become uncertain about the short-term future of the cryptocurrency market.

The bitcoin price initially seemed to be bottoming out at $7,500, building momentum around the $7,600 region and breaking the $7,700 mark. While prominent investors and experts including Peter Brandt suggested a short-term rally for bitcoin, the volume of bitcoin failed to pick up, disallowing bulls from taking over the market.

Read the Article: https://www.ccn.com/bitcoin-drops-to-7200-while-ethereum-ripple-and-bitcoin-cash-see-losses/

This might have been a nightmare for some participants who invested at Bitcoin, Ethereum and other Cryptocurrencies.

What are your thoughts?

Topic: News: Bitcoin Drops to $7,200 While Ethereum, Ripple, and Bitcoin Cash See Losse - page 2. (Read 256 times)