Topic: What's causing this bloodbath? - page 2. (Read 2203 times)
You rely on perpetual growth? This is a correction and it was supposed to happen a long time ago.
Have I missed anything? What bloodbath? The Bitcoin is in excellent health. Bitcoin was under 3000$ before BitCash and look, where it is now. Maybe just a few people are a bit upset about high transactions fees but nothing to worry.
I think it is due to two reasons. On the one hand, a correction to be expected after prices have risen massively over weeks. Such corrections have been made many times. The second reason is uncertainty as to how far the Chinese government will monitor or even ban ICOs. A lot of money for ICOs comes from China and also most miners are in China so that such uncertainties have a big impact.
Not so much a bloodbath, just a little market correction. Just chill and watch it happen, everything is going to be fine.
Caue you gotta make mountains as you go up, you can't just have a straight line otherwise theres no floor. So this is good. It seems to follow the same trajectory as the previous boom & bust which means we are going to see another increase of 30 billion then a drop probably.
Well, always profit-taking and corrections will happen after a huge rally.
Last time it was Bitcoin cash, before that BitCoin was on a massacre.. What is it this time?
You sound like a gambler instead of investor. Corrections and pullbacks are very well detectable by simple chart analysis. If you didn't sell at 5K and aren't buying back right now you don't no what you are doing. 
I used to worry about things like this but Crypto is so fast paced now I know corrections are followed, usually within days by the upside.
people are taking profit
Nothing special happening just correction, do u rly think that markets can be green all the e time? Cmon, after firts red candle I always find topic like this "wtf bloodbath"
Last time it was Bitcoin cash, before that BitCoin was on a massacre.. What is it this time?
I'm sure it's nothing. Probably just normal buy and sell. We did reach the "symbolical" $5k that many users were waiting for a long time, so maybe a lot of them start selling after that. I know I sold some because of that, and already bought it again for some profit. The China announcement regarding ICO could be linked to it as well, but I don't think it was that, since most of us already knew what was happening.
I mean, I was told around here that BTC has eaten 50% drops in its lifetime. So this little pullback isn't really bothering me even though Im new around here.
I have already mentally prepared myself for some hard pullbacks considering when I look at the market for the past 6 months I just see huge ass growth everywhere. There has to be some giveback at some point. Hopefully many of the people new like me have no patience for after having been spoiled by the bull market and sell off so I can grab up a bunch of cheap priced coins of the good up and coming projects I believe in.
I have already mentally prepared myself for some hard pullbacks considering when I look at the market for the past 6 months I just see huge ass growth everywhere. There has to be some giveback at some point. Hopefully many of the people new like me have no patience for after having been spoiled by the bull market and sell off so I can grab up a bunch of cheap priced coins of the good up and coming projects I believe in.
That $5000 was pretty resistant, so much that it feels like it caused it to just dump $500. Actually it's probably just manipulation making it look like it would have reached $5k
This is not a bloodbath. Sometime in the future we will definitely see a bloodbath, but this is just a minor correction. I think it will go back up again in a few hours.
Yep you are 100 % right, just a minor correction. Prices first went down, but as you said are now going up again. Good call
Two things probably.
The resistance to punch the 5,000 ceiling and the new whales (stock market traders) who are not familiar with cryptocurrency swings yet. Probably doing massive panic sell offs.
Make that 3...the Chinese regulations probably. They have a big purchasing power due to sheer number/poluplation.
Market will rally back shortly...just hodl.
The resistance to punch the 5,000 ceiling and the new whales (stock market traders) who are not familiar with cryptocurrency swings yet. Probably doing massive panic sell offs.
Make that 3...the Chinese regulations probably. They have a big purchasing power due to sheer number/poluplation.
Market will rally back shortly...just hodl.
It's just dust settling in after a long ride. It happens all the time nothing new. Everything went up like crazy and now they are settling for their correction points.
Everything is in red today, weekends effect maybe? Investors cashed out some of their profits from the Bitcoin rise, some cash out due to fud of bitcoin crash. Hold for now.
This is not a bloodbath. Sometime in the future we will definitely see a bloodbath, but this is just a minor correction. I think it will go back up again in a few hours.
I agree with you, this is just a minor correction, not a bloodbath, maybe you are a new guys to this market, it is happens several time this year. Do not worry, if you think it is promising, hold it or sell it immediately.
This is not a bloodbath. Sometime in the future we will definitely see a bloodbath, but this is just a minor correction. I think it will go back up again in a few hours.
Whenever you see a pullback like this you have to zoom out a bit and put it in context. If a coin is down 10% today but it's up 20% for the week and 30% for the month, there's nothing alarming about that (unless you bought yesterday).
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