Topic: Over $12B wiped out from cryptocurrency market in two hours. (Read 462 times)
It really depends on investors and people, who are involved in it. The uncertainty here is all about it and cannot be stable and certain.
It's also a bit scary for the crypto industry, because everything is falling, but I think it's panic that causes big people to get there on favorable terms
I would recommand you to not get afraid of this situation. It is the bitter truth that the price will fall. The most important thing is for us right now to be patient. Very soon the price will raise and all of your afraid will go away.
if you do not have shitcoins in your portfolio, then just wait, this is Crypto, there is always a roller coaster.
I am also afraid about it. I think it will also recover, as professional forecasters say- it will happen in this December, or next January. I really do not like the situation now because I have some holdings.
Investment market is full of uncertainty. Here no one knows the future that’s why the investment market is risky. The reward of this risk is the profit. So price movement is common here. Here within one second you will lose money and you will earn double in the next second. This is not for the naïve investors.
This is the reason why the prices of the coins have dropped drastically over the past couple of weeks, so much money has been taken out of the market and there is not enough money coming in to balance out the amount of money that is leaving the market. This is why I believe that the market will stay down for a while before it can start moving up again
There's not much to do. People are already starting to panic and want to escape. I'm looking forward to some good news during the world cup.
This is the reason why the prices of the coins have dropped drastically over the past couple of weeks, so much money has been taken out of the market and there is not enough money coming in to balance out the amount of money that is leaving the market. This is why I believe that the market will stay down for a while before it can start moving up again
Well, I can understand why you are getting afraid. But I will suggest you to keep patience and keep your faith on the market. The market will rise soon and I will tell you that it is a great opportunity to grab some more coins as the price is low now. Just grab some more coins and hold it.
This is the problem that we are dealing with right now, so much money is leaving the crypto market each day which is making the prices of the coins to fall down. Even though I know that the price would go back up, things like this just means that it would take much longer than normal for the prices to recover again. People need to stop selling so much coins, it is affecting the prices.
People have varied needs and risk appetite, so there is no way to talk them out of selling when they must sell. But we can at least start to mount bullish pressure by mopping the market of the excess supply and before long the price would most likely reverse and evidently it have done as much time and again. 
Well you don't really have to be furious about this. People who have been in the crypto world for long understood the volatility of the coins. Any fluctuations don't have to count coz most of the time, it always recover through time. New people come to join the crypto world and doesnt fully understood the ins and outs and will end up leaving with a loss so i would not be surprised.
This is the reality of the crypto market.
I think every day, new whales coming into the market to get quick profit and manipulate the price. This is also what I afraid of.
I think every day, new whales coming into the market to get quick profit and manipulate the price. This is also what I afraid of.
I am really afraid thinkg the current situation. I know and believe that market can go up anytime. But day by day, people are loosing and moving out from this industry which is really unexpected. What do ou think regrding this?
This is panic sell, peoples scared of this protracted downward trend and was scared for his losing assets, but now they may to lose much more.
I am really afraid thinkg the current situation. I know and believe that market can go up anytime. But day by day, people are loosing and moving out from this industry which is really unexpected. What do ou think regrding this?
Don't be paranoid dude. Its not normal. As the price goes down, marketcap is being wipe out. But I don't know why people will suddenly go out when this is the perfect time to invest on them. And I don't know what better investment platform that gave you a good ROI other than bitcoin and crypto's so It wouldn't make sense at all to get out just because the price is going down. Its normal, even in stock market, prices go up and down everyday.
Or if they are going out, I'm sure that they will be back once the market goes up again. That's how the process work so.I wouldn't worry to much.
Really though, people shouldn't be paying all that much attention to market capitalizations of cryptocurrencies. The liquidity isn't that great outside of the top 10 or perhaps even top 5 currencies and among those there even are exceptions. Further, the volatility is just too big for the market cap to be a reliable metric.
I am really afraid thinkg the current situation. I know and believe that market can go up anytime. But day by day, people are loosing and moving out from this industry which is really unexpected. What do ou think regrding this?
take this as opportunity if you have money.. their greed cause the loss just add 5% into your purchase price and then place a sell order.. people are not moving out from crypto real investors are waiting to buy more.. just clock on the depth view map of any coin you will see there high buy orders..
I am really afraid thinkg the current situation. I know and believe that market can go up anytime. But day by day, people are loosing and moving out from this industry which is really unexpected. What do ou think regrding this?
Really ? From where the news is really coming? I dont seen anything like that happening here or there is no real buzz about it yet. Where did you learn that from. Do you have any source for it.
There was last week when people shown that about 48 Billion dollars were wiped out, they sourced it but that did not move market by much so I dont think that 12 billion would do any major effect on it.
The Crypto market is now in an embryonic state, analysts predict an increase in capitalization of up to $40 trillion in a few years. We are waiting for the regulation and further development of the market.
when a trader buys some shitcoin they want to make profit and in order to do that they have to dump that shitcoin to get their profit out. but whenever a newbie who thinks himself a trader buys a shitcoin he wants to get rich and to do that they think if they hold on to it tight they can become rich some day.
the combination of these two means big pumps while the number of bag holders increase and then a slow but big in total dump because bag holders exit slowly while the traders milk them on every dead cat bounce.
this means you see these kind of big dumps all around the altcoin market in a short period of time.
the combination of these two means big pumps while the number of bag holders increase and then a slow but big in total dump because bag holders exit slowly while the traders milk them on every dead cat bounce.
this means you see these kind of big dumps all around the altcoin market in a short period of time.
yes of course for now I see a lot of altcoin that goes down drastically and it panics some investors and maybe there are many people who hold their altcoin and indirectly know the situation like that they will soon sell it, likewise people who want to buy altcoin because it's the same way they cancel the purchase and wait for the right time to buy it.
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