pump end or only correction? - page 12.

bhabygrim

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Quote from: Pffrt on May 17, 2019, 01:51:26 AM

This is more than a correction, it's a pure dump who bought earlier thinking that bitcoin will have more pump. If it was a correction, it would be more slower than it is now.

I agree this looks like more than just a correction the price drop happens so fast .
And it could be true that the early investor who bought it while it is at a low price have taken their profit and waiting to enter again soon.
I think we would see it pump again soon when those who took their profit enters the market again.

Muzika

sr. member

Activity: 980

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At this moment we can consider it as correction since it drops from 8k to 7k yesterday and now it is around 7400$ so maybe the price will stick to this amount for a couple if days before it moves to upward direction again and start tge pump again.

Aldrinx00

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I saw on news that some whales dump bitcoin at $6200 maybe this was the cause of the decrease in price of cryptocurrency, also we had so much gains in the past weeks so it also need sometime for correction then it will go up again hopefully in the $9k region.

libert19

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Saw a post few weeks ago that, we are near bull market, March to May are accumulation phases, and real price increase will start in June, of course I didn't believe at that time but since the great increase in last week I guess it's just a correction.

Caladonian

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Quote from: Nalbo on May 17, 2019, 11:23:42 PM

This could be a bear trap.
There are two factors leading to the current decrease in price of cryptocurrency.
One is due to the late investors who made a 10-20% profit and went with cashing it out. Another is the whales trying to buy coins for cheap price for the last time. If you are a regular user than holding is still the best idea. I don't feel it's worth selling your bitcoin anything below $10K.

If you already hold for some time, then it's best for you to hold longer and wait for much higher value, if this current fall is just another trap for weak
holders to let go of their coins, and for those panic investors who bought when fomo's is ongoing and now are willing to sell out even with certain loses, whales are having so much fun seeing them being shaken and afraid to lose their entire capital.

Observe and not to fall quickly, if there's no real issue behind we can consider this as a temporary dumped that will be possibly followed by a huge pumped again.

Marry Finch

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Activity: 364

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This is a slight correction of the rate of Bitcoin and other cryptocurrency in the process of its growth and this is quite a normal and normal process for cryptocurrency with its growth. We see that this is a small and long fall, and a one-two-day course correction. Today, Bitcoin and another cryptocurrency began to rise in price again. Bitcoin again rose in price to 7327 dollars, so you should again rely on further growth of the cryptocurrency market.

bonker

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Quote from: aprilnot on May 17, 2019, 01:44:55 AM

See the market has started to fall, all crypto coins show red. many say this is a correction at the moment, but there are some who say that the Whales has begun to Dump altcoin.

so does this mean the pump is over?

bitcoin has returned to 7000, without any major changes to altcoin. do you think this is good?

who is here who got the profit from the altcoin yesterday?

Everything looks greener now so its just the correction after long bump and its just normal behaviour of bitcoin which followed by all the crypto currencies as well.

popolite11

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Quote from: Pffrt on May 17, 2019, 01:51:26 AM

This is more than a correction, it's a pure dump who bought earlier thinking that bitcoin will have more pump. If it was a correction, it would be more slower than it is now.

There is no need to worry so much and take the latest market changes as the dump. It is a slight correction. Cryptocurrencies jumped too high, and they made it too fast. therefore, the situation that can be seen now was expected.
let us wait for a couple of weeks and watch how altcoins and Bitcoin are coming to more stable prices. As for me, it is not better to sell anything right now.

entebah

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Quote from: sh4dtechnr on May 18, 2019, 12:29:00 AM

This is not a planned correction and a chance for everyone to enter the market. Someone on bitstamp sold a large number of bitcoins at a low price, prompting a massive liquidation of long positions on the BitMEX derivatives exchange that caused massive dump.

Yes, but once again we need to realize that after yesterday's massive increase, there will definitely be someone who will drop prices, so many will sell panic, because the Bitcoin market always makes unexpected surprises. And this will benefit several parties.

sh4dtechnr

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This is not a planned correction and a chance for everyone to enter the market. Someone on bitstamp sold a large number of bitcoins at a low price, prompting a massive liquidation of long positions on the BitMEX derivatives exchange that caused massive dump.

Digitolife

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Quote from: aprilnot on May 17, 2019, 01:44:55 AM

See the market has started to fall, all crypto coins show red. many say this is a correction at the moment, but there are some who say that the Whales has begun to Dump altcoin.

so does this mean the pump is over?

bitcoin has returned to 7000, without any major changes to altcoin. do you think this is good?

who is here who got the profit from the altcoin yesterday?

The pump was a bull trap, may would have been trapped.

The recent situation indicate a sire dump buddy. Rekt

posi

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Quote from: ryan992 on May 17, 2019, 10:33:57 PM

To me, I don't know its a correction or fall dump, in crypto world unpredictable is usual, I just everything its just correction and the market price will rise up again and again. I really hope *crossfinger

Normally the market have to experience some dump in price to balance and strength the surge in price of the market but I wont this current dump in price is a correction, like you said the market is unpredictable and I believe the whales have start manipulate the price of the market. But, it good for we can buy in low price before the arrival of the totally bull market.

George Alex

jr. member

Activity: 41

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I have posted About currency to find A new Ground to stay on for Now i think is what happen Crypto are find A new group to Rest for a moment espically Bitcoin

kolonel_x

sr. member

Activity: 1092

Merit: 250

if the time for correction is over do you think that now is the time to go back up or will it go down? I see an increase from yesterday and this is proven by many traders' predictions that missed the results,somehow still believe the crypto will rise or have to bury that hope

Cat Coin

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Activity: 532

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We're in a new market. He hasn't settled yet. New technologies are still being rejected by many countries. Therefore, now it is not necessary to wait for a large influx of money into Crypto investment. We need decisions on the recognition of blockchain technologies. Then everything will be fine.

sanida

member

Activity: 210

Merit: 15

It ends on a good way this time, thankfully we didn't see a dramatic fall after the end of pump. atleast we can say that it is the end of the pump this month. we can't say if it pumps again next month until we can see the price reaching $8000 this week.

Astvile

sr. member

Activity: 1484

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This is just a correction people who sold their profit and transfer to altcoins because they know that altcoins willl then pump if they do sell bitcoins now.Few days and bitcoin and altcoins will be back in track on flight to the moon

manismanja

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Quote from: Icologies on May 17, 2019, 11:18:24 PM

in my opinion what happened at this time was a high pump but it didn't escape correction currently only waiting a few moments to ascertain which direction to go because investing is now very risky

the start of the pump so this is a good start for repairs.
Of course Crypto has a lot of risks and any business certainly has risks.
we must be careful in running any business and always be vigilant because there is no market movement know, the ups and downs of the market naturally.

Nalbo

full member

Activity: 870

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This could be a bear trap.
There are two factors leading to the current decrease in price of cryptocurrency.
One is due to the late investors who made a 10-20% profit and went with cashing it out. Another is the whales trying to buy coins for cheap price for the last time. If you are a regular user than holding is still the best idea. I don't feel it's worth selling your bitcoin anything below $10K.

Tipstar

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Activity: 1764

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Quote from: aprilnot on May 17, 2019, 01:44:55 AM

See the market has started to fall, all crypto coins show red. many say this is a correction at the moment, but there are some who say that the Whales has begun to Dump altcoin.

so does this mean the pump is over?

bitcoin has returned to 7000, without any major changes to altcoin. do you think this is good?

who is here who got the profit from the altcoin yesterday?

Could be anything but what's for sure is whales are accumulating more and more coins and sooner or later there would be a large price pump.
But what we have also to realize is the price of 5K-7K is the current base price of bitcoin. There's no going below it. If you have bought it in this range, than it would be better for you to hold.

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