This dump will scare a lot of people away from Crypto!

idontcare

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Quote from: Gabri on December 11, 2018, 12:35:14 AM

A lot of people massively joined the cryptocurrency last year. They believed that the price will continue to rise, and now very disappointed and think how to repay the loans. A lot of ordinary people and investors stopped believing in cryptocurrency. This is a very cruel blow.

But through it there are those who have been dumped to take advantage of their failure, the actions that make crypto go down and possibly die (typically bitcoin). And this volatility has serious consequences, but I believe it will recover. Do not give up Cry

cramcram21

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For sure more people would quit because of it,
Most of them are the investors when the price is so high or at the ATH.

Nggedebus

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Quote from: jamesashmore1964 on May 11, 2018, 07:12:15 AM

The media were singing the praises of BTC, Cardano, Stellar, Ripple, etc and NOW LOOK.
In my opinion this will scare any newcomers and existing participants of this market space!
A lot of damage has been done!
Just about every chart analyst didn’t see this!

I think its already scare people, its proven by the more declining on it's price because many people doing a panic selling, cause they got affraid if they kept their coins, they will loose more.

shillerguy020

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Quote from: nicecrypto on December 11, 2018, 12:55:20 AM

Yes it might scare the ones that really don't know nothing about crypto and also thought this was a way of getting rich quick. I personally don't get scared of situations or market position like this infact if I have more money, I am investing in the market cautiously though cos I know there is no way this market will remain where it's at now. I strongly believe the bulls will run again doesn't matter how late.

Without a large number of new people, another strong growth of the crypto currency will not work, and how they will go here if they see such a frightening drop.

nicecrypto

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Yes it might scare the ones that really don't know nothing about crypto and also thought this was a way of getting rich quick. I personally don't get scared of situations or market position like this infact if I have more money, I am investing in the market cautiously though cos I know there is no way this market will remain where it's at now. I strongly believe the bulls will run again doesn't matter how late.

passwordnow

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Quote from: SpectreSecurity on December 11, 2018, 12:48:02 AM

What we need to do (crypto believers) is to not feed the FUD and negativity. We must not stop educating people about the future of Crypto! This is a good time to get people into crypto while it's cheap.

These people are keep on feeding these FUDs and negativity by replying through asking if these are okay and if these are going to affect the market negatively.

Let those people who are scared go away, this market isn't for weak hearts and hands.

SpectreSecurity

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Quote from: Fluxtorrence9 on December 11, 2018, 12:45:45 AM

I'm not scared because I believe blockchain is here to stay ,its actually facing one of its challenges presently, fake news ,good days will come again after all this red market we will surely see green market again but no one knows when ,I hope it happens sooner

I stand with you, my brother! There's a rainbow always after the rain.

SpectreSecurity

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What we need to do (crypto believers) is to not feed the FUD and negativity. We must not stop educating people about the future of Crypto! This is a good time to get people into crypto while it's cheap.

critolika

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Quote from: Gabri on December 11, 2018, 12:35:14 AM

A lot of people massively joined the cryptocurrency last year. They believed that the price will continue to rise, and now very disappointed and think how to repay the loans. A lot of ordinary people and investors stopped believing in cryptocurrency. This is a very cruel blow.

I also think so that now there are many newcomers who are disappointed and don't believe in crypto because the market conditions are getting worse but if they are true crypto lovers now they can use it to buy it because when the crypto price returns it will improve get a lot of profits.

Pattart

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Quote from: sherenikaw on December 10, 2018, 09:51:34 AM

It has been already. Many people involved in the crypto are so scared and they are so panic with the market bearish every time. We cannot predict what will happen to the market after this. It influences you to hold certain coins as BTC, ETH, XRP, or EOS. But, you must be ready of any kinds of the risks that you will take.

Yeah it happened, look at how crypto prices dropped so much today. you're right this is a natural thing in crypto, we have experienced this condition a number of times, and I think many of you have to learn from the experience of a few years ago where this condition happened and then the price improved again right ?

Fluxtorrence9

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I'm not scared because I believe blockchain is here to stay ,its actually facing one of its challenges presently, fake news ,good days will come again after all this red market we will surely see green market again but no one knows when ,I hope it happens sooner

nlaara12

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Activity: 238

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The dump is enough to scare many people including myself,no one is sure of what may happened next in crypto sphere in related yo the market, manipulation here and there and a lot of speculations has complicated the issue,but am sure crypto has come to stay.

Gabri

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A lot of people massively joined the cryptocurrency last year. They believed that the price will continue to rise, and now very disappointed and think how to repay the loans. A lot of ordinary people and investors stopped believing in cryptocurrency. This is a very cruel blow.

Absolutep

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Activity: 434

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The dip will surely scare a lot of people from crypto sphere because it is beyond what we are expecting, but for some of us that believe so much in crypto and blockchain tech,we are not scared of the moment situation,sooner or later,we will have bull run

Alpha0One1

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Quote from: jamesashmore1964 on May 11, 2018, 07:12:15 AM

The media were singing the praises of BTC, Cardano, Stellar, Ripple, etc and NOW LOOK.
In my opinion this will scare any newcomers and existing participants of this market space!
A lot of damage has been done!
Just about every chart analyst didn’t see this!

Not sure if there will be further price crash but the prices now seem very attractive.
The risk to reward ratio is very good.

sadmaster

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Activity: 392

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Bitwings !

Well basically people sell, people buy and what you are saying is way out of your control you could not control people to buy and to sell crypto. Wise traders and investors would still benefit even with the current market situation.

disconnectme

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Reading this OP makes me laugh, alot of people will take BTC at $8k now, because that is more than 100% profit, there is no doubt alot of people have left the space disappointed because their hope what dash and lost a lot of money, but these spread across look at Miner, Developer, Investors and Even exchange now have their profit shrink greatly

DikkieD

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I think it indeed does, but it doesn't mean they and many others will not return once things go great again. Chances are they jump in when btc is nearing new heights again. Plus it was only a small percentage, and more regulation will lead to less scams (I hope) so the next wave of new people will probably do so because they feel safe enough to do.

DavidTep1987

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This is true. It is evident that these rashes and panic driven actions contributed to the drop. It is the same like with any new coin, it has to have the support of the community. And the community is giving up on BTC these days. Which seems ridiculous to me, I can't understand people that are getting rid of their coins at 3.5k and even less.

masterkiller

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Yes, many people panic sell because of this, the crypto currency has continued to experience a huge price decline over the last few months, the worst possible is Ethereum, many investors are starting to doubt the future of crypto currency, including me, but will still survive survive from the present conditions

Topic: This dump will scare a lot of people away from Crypto! (Read 888 times)