This dump will scare a lot of people away from Crypto! - page 7.

KryptoKai

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Quote from: familiabitcoin on May 13, 2018, 03:36:12 AM

Quote from: longergou on May 12, 2018, 07:23:56 PM

The media always likes to spread false news about cryptocurrencies. I can see several fake messages about cryptocurrencies almost every day. I don’t even bother reading those news.

I agree with you because the media is very much doing data manipulation just to get the sympathy or attention of the people who are in the crypto world so that the news will become viral and maybe the media will benefit. But not a few media that preach real information

The media reports some bad news all the time and sadly this affects the market. The serious investors are following the mt gox wallets and as soon as they move a few thousand bitcoins they dump everything, then everyone else follows. Hopefully it will recover next week, can't have another bear market at this stage.

familiabitcoin

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Quote from: longergou on May 12, 2018, 07:23:56 PM

The media always likes to spread false news about cryptocurrencies. I can see several fake messages about cryptocurrencies almost every day. I don’t even bother reading those news.

I agree with you because the media is very much doing data manipulation just to get the sympathy or attention of the people who are in the crypto world so that the news will become viral and maybe the media will benefit. But not a few media that preach real information

Electric4

newbie

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Yeah, my day has not been good because of this. Despite it not being in the front of my mind.

I kept asking myself why am I extra irritated today, and it always came back the price of my holdings.

Kryten12

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TREEBLOCK

Here we are in May and almost halfway through the year and so far we are still struggling to break free from the Bear market. We are over the worst levels experienced in late March early April but every time Bitcoin makes an approach to $10,000 it gets knocked back.

ashuawei

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Quote from: linkybit on May 13, 2018, 01:33:41 AM

There is no doubt about that Market recover eventually whether it takes weeks or months. Newcomers sell when there is panic whereas seasoned trader buys during the down times.

You have a point, crypto market situation is like a wheel basically the presence of pump and dump is always there. To be able to handle dump market you have to be patient and be wise enough to hold and of course when its dump mostly the coin has its best price. For newbie you just need to learn everything for you to be aware and don't be scared to lost some money or experienced scam afterall with the bad experience you will become more conscious, eager and persistent to become more profitable and successful crypto trader.

Tipstar

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It was much hyped and it badly needed a correction. The market always behaves this way. The huge investors advertise the product after keeping a good stock for themselves and dump it back to new investors. But holding would never let you down. It's been proved for centuries.

Haunebu

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Do you think that is the first dump ever in this extremely volatile cryptocurrency market op? These dumps are very common and are actually quite healthy for the market on the whole. If people get scared away by such dumps, they shouldn't have taken the risk to invest into this volatile market in the first place. Let the weak hands go. The HODLERS(Like me) will continue HODLING no matter what since I am interested in the long term prospects of the coins and tokens in my portfolio. Am not interested in the short term prospects at all. Don't worry too much about such things op and focus on your own portfolio.

Yuuto

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Quote from: jamesashmore1964 on May 11, 2018, 08:12:15 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!

What do you mean?

This correction has been expected by many. The media as always covers crypto positively when the prices are rising, and vice versa when the markets are falling. This is just how the crypto market/ecosystem works.

It will not scare away people. Weak hands will dump regardless whether they are newcomers or not. Trust me, corrections like this happen all the time, and they do not affect the long term adoption of crypto a single bit.

caisa88

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I'm never scared of dumps, it's rather a good time to acumulate more coins and tokens. If you look on the long-term chart, you will see that the market has always recovered after dumps.

Freddie Aguiluz

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Quote from: jamesashmore1964 on May 11, 2018, 08:13:52 AM

Man I hope it bounces back sooner rather than later!

It will increase its value sooner or later, for sure, just like last year, in the middle months of the year, near middle to the end of the year. but it will be sure that it will rise up again and maybe surpass its original value.

notyours

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Activity: 462

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If this happens then only rewards will be those who believe in Crypto. I'm sure that those who are frightened and who have lost confidence in the crypto.
So if this fall happens, it will continue to believe because it's going back to the past and I'm sure that it's still higher today

yazher

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You own the pen

Only those who are new in Crypto but for the experience one this dump are normal for them it hasn't been long since the pump up from 6k+ to almost 10k. normally this should happen because we are not seeing the whales has make their move.

Ka4Rt4

newbie

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yes dump can affect many people and make its afraid, but for me it should not be afraid and do not have to believe in what is spread by the media, we need to be positive continue to cryptocurrency with now in know price is enough and start to increase.

JeffBrad12

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Quote from: jamesashmore1964 on May 11, 2018, 08:12:15 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!

Every movement in the crypto markets is becoming an impact from the latest news about the crypto environment. I think it will not as long as the newcomers will try to learn more and more. This just a common thing right now. If you were including on early adopters of crypto and the crypto fight against China is even worse than this one.

linkybit

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Keep Working

There is no doubt about that Market recover eventually whether it takes weeks or months. Newcomers sell when there is panic whereas seasoned trader buys during the down times.

blackcardmusic

newbie

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Its already dumped far enough tbh. All the dumb money should be almost out of the scene.

tenebriscaelum

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Quote from: greenvally on May 12, 2018, 03:14:30 PM

Fake news are affecting crypto industry a lot. I think people shouldn't always believe what is said in media because they can influence human a lot. Eveyone should judge by knowing proper news. Like now crypto industry is recovering and the media is spreading rumors which will affet this industry a lot. But i believe those who really know cryptocurrency and know its potential they will ignore such news.

That is why whenever there is a new news in the crypto industry whether good or bad we should always evaluate its credibility as sopecially to newcomers and potential investors as they are easily and quickly to get swayed by such news. This type of news is one of they ways pump and dump groups along with manipulative whales do to influence people to either get hyped or to panic sell, that is why it is important to always evaluate every news and check every sources to check its credibility.

Dark_raven007

newbie

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Yes, not all news needs to be believed. They need to be filtered, studied. Even the bad media has some truth. It all depends on the person who does it, how much he is a multi-personality.

jamesashmore1964

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Quote from: jvdp on May 12, 2018, 11:37:58 PM

Quote from: crocus on May 12, 2018, 11:24:33 PM

Media always spread lots of news about cryptocurrency existence but some of articles they spread are fake and some beginners will quickly believe because of lack of knowledge and they dont really understand how crypto work.

First here on this forum we are seeing big whales and people against the cryptos influencing the People on this forum to spread fake information in this forum itself.
I really looking to find the bitcoin and see the other coins have potential grow better in the market. Mostly those coins only getting trolled in this forum. I see many people showing ripple in the media side.
I do not know why hoiste the flag for shit centralised coin mate.

I am a crypto FAN and the FUD also pisses me off.

It is like someone is deliberately trying to destroy crypto - WHY?

jvdp

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Quote from: crocus on May 12, 2018, 11:24:33 PM

Media always spread lots of news about cryptocurrency existence but some of articles they spread are fake and some beginners will quickly believe because of lack of knowledge and they dont really understand how crypto work.

First here on this forum we are seeing big whales and people against the cryptos influencing the People on this forum to spread fake information in this forum itself.
I really looking to find the bitcoin and see the other coins have potential grow better in the market. Mostly those coins only getting trolled in this forum. I see many people showing ripple in the media side.
I do not know why hoiste the flag for shit centralised coin mate.

Topic: This dump will scare a lot of people away from Crypto! - page 7. (Read 865 times)