Topic: The real reason your altcoins are currently going down (important) - page 2. (Read 810 times)
January 16, 2018, 09:37:00 PM
This market crashed will be good experience for newbies like me. It's important to learn how to create "stop loss" order. Yeah, and i agree about your explanations. I saw there are many market manipulation done by some whales. In my case, is XLM (stellar). I bought at $1, and now i'm loss around 70%.
January 16, 2018, 09:29:55 PM
You have a point in explaining about market manipulation. But holding is natural for savvy inverstors. Anyway using technical analysis is the only way to maximize profit against this so called market manipulation.
January 16, 2018, 04:07:55 AM
The pump and dump is the reality with bitcoin as well altcoins. At times this gets out of the way with the fake manipulation. Right now as each and every altcoin is dependent upon the bitcoin, the decline in the value of bitcoin has got reflected on altcoins as well causing it to go down.
January 16, 2018, 04:00:31 AM
There are many same thing in marke.Some people try to manipulate the market
January 16, 2018, 12:20:33 AM
This post makes a lot of sense. Very well explained man. Good job and thank you!
That's the strategy of the whales to increase their portfolio and grow even more in the future. There are so many newbies in the cryptocurrency world, and it's normal for them to go FUD mode because of the huge price dump.
I don't fall into that kind of trap because I've been studying and learning about cryptocurrency for several months because of my perspective. Newbies and inexperienced traders, buyers and holders should be aware of this and think of it as a long-term investment.
This is what the game of cryptocurrency is all about. Pump and dump. However, never ever fall into the whales' trap that you might go FUD mode.
Just like today, some of my top altcoins are going down big time, but I'll holding them for long till the price is right.
That's the strategy of the whales to increase their portfolio and grow even more in the future. There are so many newbies in the cryptocurrency world, and it's normal for them to go FUD mode because of the huge price dump.
I don't fall into that kind of trap because I've been studying and learning about cryptocurrency for several months because of my perspective. Newbies and inexperienced traders, buyers and holders should be aware of this and think of it as a long-term investment.
This is what the game of cryptocurrency is all about. Pump and dump. However, never ever fall into the whales' trap that you might go FUD mode.
Just like today, some of my top altcoins are going down big time, but I'll holding them for long till the price is right.
January 16, 2018, 12:14:59 AM
That may be one of the reasons why altcoins are down across the board. For small fish (like me) it is a great time to buy in on some temporarily depressed cheap altcoins. All coins will rise soon. It is a hold through the short term volatility. Good luck to all!
January 16, 2018, 12:12:17 AM
Lots of pump and dump nothing new in the crypto space, but if the coin is worth its $$$ then this is a great buying opportunity.
January 16, 2018, 12:09:43 AM
This is just another common thing in cryptocurrency market,there are more greedy people here than in other markets like forex and stockexchange,cryptocurrencies are easier to manipulate.
January 16, 2018, 12:08:16 AM
I really like your explanation. I already knew that through some altcoin trading. I stand no chance against them. All i can do is just follow and estimate their moves and strategy. But sometimes the price can be dumped because of it's scam project like credence.
I agree with your conclusion : just HODL
I agree with your conclusion : just HODL
January 15, 2018, 11:33:10 PM
what is your point?
i dont see something new in crypto behavior
i dont see something new in crypto behavior
January 15, 2018, 11:28:59 PM
this is what i want to say others
do not listen rumors seriously.
market crash = good time to buy
do not listen rumors seriously.
market crash = good time to buy
January 15, 2018, 11:16:59 PM
Anyone wanna go whaling? Who's got a boat
January 15, 2018, 10:58:43 PM
yes this is very true and is the real fact people panick alot and whales are taking advantage of that , this is becoming a survival of the fittest game and tge rich are getting richer, the problem is people wants to buy lambo in just a week of trading come on
January 15, 2018, 09:28:03 PM
Ah, the myth of the whales. You know, it could also just be panic selling by the uninformed masses.
It's no myth. All you have to do is look at the order book and see that someone is selling $1,000,000,000 worth of a token at 1 price. If you look you can see how many orders there are at a particular price . Then you know for a fact that it is one individual order.
Sometimes it may be a scaled order of the same magnitude. Each offer of 45,000 tokens 5 cents difference between a handful of orders that are all for the same large amount.
But it is definitely panic selling by the masses or all the rookie traders out there trying to "trend" trade.
I just scoop up all the deals and laugh all the way to the bank on the next bull run.
Sell me your tokens cheap !
January 15, 2018, 09:24:40 PM
Great explanation, this market is controlled by whales and we plankton have to be along for the ride and estimate their moves on when to hodl and sell. This is all unregulated and so easy to manipulate so we have to stay on our toes to keep up, hopefully someday more of us move up the ranks and open the market up to help the new guys more rather than just have it be controlled by whales. Having a distributed supply is so important to this.
January 15, 2018, 09:14:51 PM
@ccarew. There is also a good possibility that the altcoin you are holding with great care is a scam. Check this site https://coinmarketcap.com/. More than 90% is those cryptocoins listed there have no real use in the real world. Their value and price is realized only by the buying and selling in the market with no fundamentals.
In any case, like what you said. Whales pump them and then dump them.
In any case, like what you said. Whales pump them and then dump them.
January 15, 2018, 09:10:52 PM
I am sad when opening the blockfolio and see all my assets are red. I am confused, whatever causes this decline. What should I do, hold, sell or buy back?
January 15, 2018, 08:55:44 PM
This is a really good and important explanation you have done. I already knew that, but everybody should know. This message should be pinned so that everybody in our community understand how certain things work.
January 15, 2018, 08:52:09 PM
A very good and thorough writeup about how whales can influence the market price. Thanks for throwing this together for others to read.
January 15, 2018, 08:48:12 PM
Ah, the myth of the whales. You know, it could also just be panic selling by the uninformed masses.
yes i just believe that there is so much people are panic with the market correction that makes people afraid investing in altcoin. crashing isnt something new. i think people panic too much cause soon it will get pumping up and recover soon. Jump to: