This dump will scare a lot of people away from Crypto! - page 5.

Manhenro

newbie

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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!

The dump is not that much compared to what we had some months back. If you can't afford to see a deep of more than 50% in your portfolio, then you better stay off cryptocurrency.

Boxxl

hero member

Activity: 800

Merit: 502

I didn’t scare you away..
People need to understand what blockchain is.
We are at the start of something big.

When BTC is 20.000 again people will buy it

jemine

newbie

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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!

Yes the dump Will scare business men away from crypto but not investors. Business men that are looking for fast profit will run away but investors who see the crypto as future will buy more in this dip.

loyaeskiron

newbie

Activity: 69

Merit: 0

Even prices of all cryptocurrencies will down, it doesn't mean that it will cause negative impact to all users, although there are some people worried when price down, but it is also a big opportunity to all investors to invest when price going down, because they knows that the price will back again to the higher level.

hlopchik3000

newbie

Activity: 238

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The strongest survive. These are the problems of newcomers who are chasing "to the moon". such are in any sphere. And the stronger the growth, the more such people

fulmetal08larz

full member

Activity: 476

Merit: 124

These newbies in cryptoverse should've known the risks involved in investing before they put their funds in. The mistakes that they've done by panic selling or being scared because of the dump is the best lesson they can learn. The volatility of crypto market is very evident and investing during high times could really make things worse for them in a short period of time but for long term, they have nothing to fear if they really believe about the potential of crypto currencies to revolutionize the system in the future.

nani culi

newbie

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This does not negate the fact that prices do fall often and you can lose money. Therefore, television does not do anything meaningful

indobitcoin.tk

sr. member

Activity: 700

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Yes, for sure this new person would be enough to make them afraid. many who have not they know about the market and many are afraid to lose their assets in advance. If the longer notice, of course, the longer the market movements will be familiar with this sort of thing.

poornamelessme

hero member

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Quote from: Herbert2020 on May 14, 2018, 01:15:46 AM

i don't think what media says is scaring anyone away, it may make them dump but not make them go away. on the other hand the pumps and dumps that all these altcoins have will surely scare a lot of the investors away and push them towards bitcoin more. because everyone will eventually see that the altcoins which they were bag holding get dumped at some point but in the end they will see bitcoin is still rising despite all the drama that it has. which means they will eventually give altcoins up and go back to bitcoin only.

Disagree about people being scared aware from altcoins.

Let's not pretend that bitcoin is immune to pumps and dumps. Perhaps it's not always as common due to better liquidity, but it's hardly immune to dumps -- as we just witnessed with the Mt. Gox Whale.

And as btc goes, the market goes. Many altcoins rose at the same, or quite often higher rate than btc did during last year's rise. Sure, some really junky alts may get dumped to smithereens, but it's not like folks will rush back into btc only. There is hardly a reason to if some alts go up at an even higher rate.

I find it weird that you act like btc doesn't get pumped and dumped like any other coin. All it takes are larger whales.

The Cryptologist

full member

Activity: 546

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For experienced traders and holders, a dump is just an occasional scene in bitcoin so it will not really scare a lot of people from crypto. There are more holders now because I believe that those who panicked when btc was in $6k are gone now.

Lwtelencio

member

Activity: 253

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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!

We cannot blame the media by giving a fake news about cryptocurrency thats only a distraction from all investor on crypto, but if you are a true believer the power of cryptocurrency just stayed on trend and forget negative thoughts.

Herbert2020

legendary

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i don't think what media says is scaring anyone away, it may make them dump but not make them go away. on the other hand the pumps and dumps that all these altcoins have will surely scare a lot of the investors away and push them towards bitcoin more. because everyone will eventually see that the altcoins which they were bag holding get dumped at some point but in the end they will see bitcoin is still rising despite all the drama that it has. which means they will eventually give altcoins up and go back to bitcoin only.

KuromaYoichi

sr. member

Activity: 756

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Sovryn - 300-500% APY on USDT Deposit

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!

This is a normal correction, not the crash like three months ago, that kind of correction that will scare people to enter this space, not this kind of small price movement as it is something that happens a lot even in stocks. There's no way that the price will keep increasing, it needs to go down a little before going up again. I am quite amazed that there's a lot of people that act like it's the end at every little market correction. Also chart isn't always right, it helps but you can't expect every analysis to be correct.

Haunebu

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www.Crypto.Games: Multiple coins, multiple games

Quote from: poornamelessme on May 13, 2018, 10:25:53 PM

Quote from: Karisma Black on May 13, 2018, 12:10:41 PM

The dump, as you call it, will be over in a few hours.
Nothing much has happened and crypto will recover easily... unless Kobayashi sells again.

It's a good lesson to newcomers about whales.

And unfortunately this specific whale still has a lot of coins to sell... this will repeat unless he ever
decides to sell OTC.

It's also a lesson on how technical/expert analysis all goes out the window when a whale gets involved (up or down).

Good point. Technical analysis tends to help sometimes, but is not always accurate due to the extremely volatile nature of this cryptocurrency market. This particular whale will continue to offload his BTC at regular intervals which will obviously continue to hurt the market which is something we have known for quite sometime and have been prepared for. This is a regular dumping strategy being employed by a whale which is nothing new. If investors are getting scared off by such dumps, they must have not done enough research about this volatile cryptocurrency market. Let the weak hands go.

crazylikeafox

sr. member

Activity: 798

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Not only newcomers experience being scared of the dump that has been happening in the market. Many people in crypto world experience fear and worry, that’s why they tend to make some wrong decisions and lose some money. What I can suggest is that to keep calm and wait for the right time. Make this dump as an opportunity to buy more coins and sell when the market recovers.

Elcapsono

sr. member

Activity: 434

Merit: 250

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!

And you think that a lot of people are left after the crisis, or those who have lost almost everything, even taking loans for this, will return here. This is already understood by all newcomers and has so far taken the waiting position to invest in the ideal moment. Or have chosen other ways to invest your money.

bagikoin

sr. member

Activity: 784

Merit: 250

not a scare, but indeed it's bound to happen. dump and pump always happen all the time without being able to predict. certainly, things like this need some experience in the past to be calm and able to cope with an outlet for it.

judyrob

sr. member

Activity: 798

Merit: 253

It is common if you have long included in crypto. up and down prices have become a risk in crypto and should be skipped. Crypto basically has a great future ahead later with State support and has a lot of technological advances. don't get too freaked out when the market's decline.

poornamelessme

hero member

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Quote from: Karisma Black on May 13, 2018, 12:10:41 PM

The dump, as you call it, will be over in a few hours.
Nothing much has happened and crypto will recover easily... unless Kobayashi sells again.

It's a good lesson to newcomers about whales.

And unfortunately this specific whale still has a lot of coins to sell... this will repeat unless he ever
decides to sell OTC.

It's also a lesson on how technical/expert analysis all goes out the window when a whale gets involved (up or down).

HoardApp

jr. member

Activity: 35

Merit: 3

It's cyclical. Bull -> Bear -> Bull -> Bear -> Bull -> Bear. At the end of the day it's mainstream coverage of crypto/blockchain, which means people are definitely noticing and taking interest.

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