Reason behind this dip? | Bitcointalksearch.org

JosNekoKopa

sr. member

Activity: 476

Merit: 250

Quote from: AweJohn on July 11, 2017, 05:40:27 PM

''What goes up must come down'' - Natural
If you are holding great coins like Veri and PPT, this bear market does not effect you...
But most of the people here did not even heard of them yet, but everyone will in a few weeks ( VERI is already big )...
So yeah this is just people taking profits ( wales have this effect ) , like others said !

By this analogy we would expect BTC to come back on 1$, which is not possible. They taking profit all the time.

Quote from: PokemonGoArena on July 15, 2017, 05:46:50 AM

It may be due to segwit2x/UASF thing and may go down to $1000 Roll Eyes

Why should this be cause? More likely greed is behind all of this.
SegWith is solution for problems and will not be activated till November, all this panic is more due to fork which are normal thing in Crypto, and very rarely influencing market this way.

PokemonGoArena

member

Activity: 120

Merit: 15

It may be due to segwit2x/UASF thing and may go down to $1000 Roll Eyes

killerfrost

sr. member

Activity: 1974

Merit: 254

Sugars.zone | DatingFi - Earn for Posting

Quote from: coinman180 on July 07, 2017, 11:41:47 AM

They are all somewhat tied to bitoin, and we are probably gonna be in a bear market for some weeks, could be more..

With bitcoin, we can stay in the market for a long time as well. Look at the market to buy how to have a good investment plan. Currently, many currencies are invasive bitcoin. So when trading exchange must thoroughly investigate the market and how it trading floor?

AweJohn

full member

Activity: 139

Merit: 100

''What goes up must come down'' - Natural
If you are holding great coins like Veri and PPT, this bear market does not effect you...
But most of the people here did not even heard of them yet, but everyone will in a few weeks ( VERI is already big )...
So yeah this is just people taking profits ( wales have this effect ) , like others said !

Sikka157

full member

Activity: 378

Merit: 101

It is just a correction. so i bought a lot of coins. Grin

shifty30

member

Activity: 126

Merit: 10

Quote from: pey on July 10, 2017, 09:16:03 AM

It's the same reason behind moon so the answer is nothing

best answer Cool

I already took profits so i dont care. but i guess the big losers will be the people that bought in late or people that are too greedy and never took profits.
anyway for those people who didnt sell.... goodluck holding for another 1-3 years, i will be buying in at the bottom.

agustina2

legendary

Activity: 2436

Merit: 1008

Quote from: MiBambino on July 07, 2017, 11:37:41 AM

Reason for current correction? I've been away for a few days and was barely able to read up on the market when suddenly I see pretty much all coins in red? Why is that? I've already bought some extra coins here and there but I simply don't know why it dropped the way it did.

No specific reason about the current price dip. We are in bearish market that's why you can see all reds on your portfolio.

You can consider it as another chance to buy at cheap price or stay out completely from that coin you hold. Price correction is kinda not the reason here as it must be only happened to a certain coin and not on the majority of all coins listed on exchanges.

bobitza202

sr. member

Activity: 489

Merit: 253

The market isn't simply going to crash and remain like that, there surely are many investors around, and their interest is to make profit by selling high and accumulating when low, it will go up again and so on

Siren

sr. member

Activity: 826

Merit: 265

Quote from: viparmenia on July 11, 2017, 12:51:29 PM

Just a psychological problems, some people geting into panic after 5% down

In any Market it is enough to move 0.1% of Capitalisation and the robots as well small investors getting into panic...

For $100Billion Market of Cryptocurrencies 0.1% is only $100 Million means selling or buying for 50 000 BTC results panic...

Yes. Its a mental problem seeing a 5% price dip and panic and sell. For me this is just a price correction that will go for 2-3 days and then it will bounce. We can also grab some coins right now because its all going red. I guess that you just need to look at which coin can recover from this price crash.

viparmenia

full member

Activity: 146

Merit: 102

Invest into $XVG $PND $PAC $LDOGE

Next 10 Days are important.
The Coins that will hold their prise till 21 July, will go up and double and tirpple till December.
Others will go down up to 99%...

viparmenia

full member

Activity: 146

Merit: 102

Invest into $XVG $PND $PAC $LDOGE

Just a psychological problems, some people geting into panic after 5% down

In any Market it is enough to move 0.1% of Capitalisation and the robots as well small investors getting into panic...

For $100Billion Market of Cryptocurrencies 0.1% is only $100 Million means selling or buying for 50 000 BTC results panic...

ticterine

full member

Activity: 140

Merit: 100

Quote from: vsyc on July 11, 2017, 12:16:14 PM

Quote from: krypt0n1 on July 10, 2017, 04:10:09 PM

Quote from: gedor on July 07, 2017, 03:50:25 PM

Quote from: Aexs on July 07, 2017, 03:36:05 PM

Typical market correction. Nothing to panic about, just HODL

I agree with you this is correction I don't think it will turn to crash

Actually by definition this is a crash.

You need to re-visit definitions Grin

Does crypto follow the same guidelines for bull/bear markets? This definitely isn't a crash but I believe down ~20% would signal bear. Then again, things are so volatile I don't know if these terms apply.

pereira4

legendary

Activity: 1610

Merit: 1183

BTC forktards are creating a global uncertainty situation on the cryptocurrency ecosystem as a whole. Once the market understand there will be no fork, I think even Ethereum which I don't like and I think it's going to crash hard long term, will pump again, everything will be green once they understand king bitcoin is not forking.

vsyc

sr. member

Activity: 1037

Merit: 253

Quote from: krypt0n1 on July 10, 2017, 04:10:09 PM

Quote from: gedor on July 07, 2017, 03:50:25 PM

Quote from: Aexs on July 07, 2017, 03:36:05 PM

Typical market correction. Nothing to panic about, just HODL

I agree with you this is correction I don't think it will turn to crash

Actually by definition this is a crash.

You need to re-visit definitions Grin

paramind22

hero member

Activity: 2618

Merit: 550

If you didn't periodically cash out to fiat (like the whales do), then it will take a longer time to get back into the market. If you have high values on your sell orders, like I do, you may have to lower them without taking a loss, or a little loss on some coins to free up the bitcoin. What is a high value on a sell order will only be seen in time.

chip1994

sr. member

Activity: 868

Merit: 251

HEX: Longer pays better

Quote from: krypt0n1 on July 11, 2017, 10:03:35 AM

Quote from: CryptoPro3 on July 10, 2017, 06:36:20 PM

Do you think Ark and Viacoin can survive this? What about Shift and Stratis? Ahhh

I believe all of these have a good chance at surviving this. They all have very active teams and communities behind them, features that can be more important than unique/novel qualities. Obviously having all is the best case scenario. Wink

We know the dip of crypto market are by whales and rich man control the price, but important is find best time end that waves and invest to buying crypto again. Very difficult to understand the market at now, everyday new low price will creating and we not know when is lowest can buy

giantrobot

full member

Activity: 564

Merit: 100

Quote from: MiBambino on July 07, 2017, 11:37:41 AM

Reason for current correction? I've been away for a few days and was barely able to read up on the market when suddenly I see pretty much all coins in red? Why is that? I've already bought some extra coins here and there but I simply don't know why it dropped the way it did.

As you can see, most currencies are discounted, they are red on all exchanges, if you are a trader it is a good opportunity to invest and make a profit. The importance is the power of that money.

krypt0n1

full member

Activity: 238

Merit: 100

🔵 Brickblock.io - Future of Stock Trading

Quote from: CryptoPro3 on July 10, 2017, 06:36:20 PM

Do you think Ark and Viacoin can survive this? What about Shift and Stratis? Ahhh

I believe all of these have a good chance at surviving this. They all have very active teams and communities behind them, features that can be more important than unique/novel qualities. Obviously having all is the best case scenario. Wink

CryptoPro3

full member

Activity: 182

Merit: 100

Money loves speed

Do you think Ark and Viacoin can survive this? What about Shift and Stratis? Ahhh

ExponentialGrowth

newbie

Activity: 10

Merit: 0

The market was skyrocketing across the board for months. Once in a while there would be red for like a day or two. And everyone would proclaim "just a correction that was needed in this crazy bull market".

As we can see now, those one or two day corrections were not enough to account for the continuous hundreds and thousands of % increase that happened over a long period of time. What we are seeing now is the true correction. And perhaps some of the real shitcoins with no tangible future will drop off completely. Begin accumulation.

Topic: Reason behind this dip? (Read 3715 times)