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Topic: What's happening with crypto markets? - page 2. (Read 2512 times)

full member
Activity: 560
Merit: 100
July 17, 2017, 06:59:33 PM
#32
People are sell their coins holding because of the upcoming August 1 hardfork issues! Panic is the reason why people are sell even at lose currently before even the events happened. Since you are new in this area now is the best time to buy!  You should study the next move after August 1 and you will understand how this market work.
Most likely into dumping stage possible because of this upcoming segwit that will happen in august1. Yes, panic selling happen and I believe when downtrend is the best time to buy. We cannot predict at what price its dip but buy for now for sure we can earn profit in the long term.
sr. member
Activity: 1330
Merit: 291
July 17, 2017, 04:36:44 PM
#31
The recent decline in the market value of Bitcoin  could be trace to the upcoming 1st August meeting because there is a general believe or rumors that the bitcoin price will decline and as a result, so many people are selling there coins in other to avert the lose. The effects is not just on bitcoin only but other coins have equally shared the lose of value too.
sr. member
Activity: 882
Merit: 282
July 17, 2017, 02:47:16 PM
#30
People are sell their coins holding because of the upcoming August 1 hardfork issues! Panic is the reason why people are sell even at lose currently before even the events happened. Since you are new in this area now is the best time to buy!  You should study the next move after August 1 and you will understand how this market work.
legendary
Activity: 1456
Merit: 1005
July 17, 2017, 01:03:05 PM
#29
I guess its mass panic sale of upcoming potential BTC hardfork.
Service after service, like Fairlay, are announcing that they will halt Bitcoin withdraws on 31st of July and people start to fear about their coins and money. And this is lowering the price.

Price pumping dude, take your eyes on coinmarketcap. already all coins pumped.Hold your Bitcoin tightly, don't panic sell.
This is all business tactics. All big shots will make people get panic and making them sell their coins. That is why we see significant fluctuation in Bitcoin price. According to my guessing again the price will go down below $2000. But don't get panic friends after 2 weeks everything will be set, and we see nice growth in Bitcoin price.
legendary
Activity: 1526
Merit: 1001
July 17, 2017, 12:41:21 PM
#28
After heavy panic dumping, it seems now crypto market is recovering somewhat. As bitcoin is the base for entire crypto market, the scalablity issue of bitcoin ecosystem is influencing entire crypto world. Only those people who are not believing in to the capability of bitcoin foundation are leaving off bitcoin, this must be big reason for high fluctuations to happen.

But fortunately prices are currently recovering, it means more number of people are having some faith compared to those who are leaving off.
legendary
Activity: 1512
Merit: 1011
July 17, 2017, 12:04:12 PM
#27
I guess its mass panic sale of upcoming potential BTC hardfork.
Service after service, like Fairlay, are announcing that they will halt Bitcoin withdraws on 31st of July and people start to fear about their coins and money. And this is lowering the price.
sr. member
Activity: 378
Merit: 250
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July 17, 2017, 11:32:50 AM
#26
I have only recently become interested in the Cryptocurrency markets and potential for growth, and for this reason do not have great insight on the history of Bitcoin, Ethereum and all other altcoins, and their price swings.  I am baffled by the serious downturn the markets have taken in the last few days and am at a loss of words to explain it.  Does anyone know what might be causing the heavy selling that is taking place?  Is this mostly caused by Ethereum-holders (I'm thinking of the recent successful multimillion ICOs) cashing out?  Are investors unwinding positions because, perhaps, they fear the upcoming July Segwit2 Bitcoin activation may fail?  

Let's discuss theories that might explain the down-swing!

It's partly a function of price corrections and partly the Aug 1 potential split for bitcoin. I think the biggest factor is a price correction for all coins that have been very profitable over the last few months. Fluctuations are expected so this is part of that normal cycle.
member
Activity: 195
Merit: 10
July 17, 2017, 11:12:30 AM
#25
They are under correction. There were no really dramatic drops so far, just another phase in development. It's not only about crypto, it's a distinctive feature of any financial system.
legendary
Activity: 1218
Merit: 1006
June 26, 2017, 12:22:06 PM
#24
Crypto market is really volatile and I don't think there is any other trading market out there with same level of volatility in this world apart from some ponzi penny stocks.

You have to hold only half of what you have in crypto and should hold another half in form of fiat so that you can buy some cheap crypto during periods like right now. I have already invested few thousand $ into ETH.  Wink Its buy time guys....
hero member
Activity: 2660
Merit: 551
June 26, 2017, 11:58:33 AM
#23
I do still believe in bitcoin and like other said its just a normal unlike before that we are experience big dump last year when there is a exchange site  taking down by the hackers so i think this is the only reason that can push the price down if we will still experience a new exchange site was hack i am sure we will experience of large drop again not only for bitcoin and other altcoin can be affected..
Since bitcoin and growing and people are always believe in bitcoin the price are always increasing look at the  last year drop price that we could not imaging that the price of bitcoin can be live again and increased too high after the issue about dumping bitcoins from hackers.

Most likely its due to the ETH network issue

Anyone have info whats the status of current ETH now?
I think i heard. Its ETH wallet issue in some exchange site's but i think they already fixed this issue in some trading site..

I think the issue has been fixed already. The price of bitcoin and almost all alt coin is going down. There are a lot of uncertainty surrounding the crypto market right now that may have caused the sudden drop of price specially ETH. That is why investors don't like to pour money right now, they want to see that everything is smooth before making moves that will profit then.
hero member
Activity: 924
Merit: 1001
June 26, 2017, 11:44:13 AM
#22
I do still believe in bitcoin and like other said its just a normal unlike before that we are experience big dump last year when there is a exchange site  taking down by the hackers so i think this is the only reason that can push the price down if we will still experience a new exchange site was hack i am sure we will experience of large drop again not only for bitcoin and other altcoin can be affected..
Since bitcoin and growing and people are always believe in bitcoin the price are always increasing look at the  last year drop price that we could not imaging that the price of bitcoin can be live again and increased too high after the issue about dumping bitcoins from hackers.

Most likely its due to the ETH network issue

Anyone have info whats the status of current ETH now?
I think i heard. Its ETH wallet issue in some exchange site's but i think they already fixed this issue in some trading site..
hero member
Activity: 1568
Merit: 511
June 26, 2017, 11:35:39 AM
#21
Most likely its due to the ETH network issue

Anyone have info whats the status of current ETH now?
newbie
Activity: 3
Merit: 0
June 26, 2017, 10:39:29 AM
#20
Many people are saying "this is normal; just a correction; blablabla" but actually, this downturn is mainly due to the recent news regarding the possibility of the bitcoin fork. Many speculate a fork like this will drive btc price down further. Good luck to us all.

That is exactly what motivated my post.  I don't think this downturn is normal at all or a mere price correction. Also, there are very few events in the history of Bitcoin where the price trended down so strongly, and most of those resulted in the price staying low for many months.  There has been big money involved driving the price down systematically in the past few days.  Just wish I could make sense of it.

Personally, I am now leaning towards waiting for a retracement and taking a minor loss in the hope that the price will dive further and I can make it up later.  Lose the battle but not the war.
sr. member
Activity: 784
Merit: 282
June 26, 2017, 10:17:37 AM
#19
Many people are saying "this is normal; just a correction; blablabla" but actually, this downturn is mainly due to the recent news regarding the possibility of the bitcoin fork. Many speculate a fork like this will drive btc price down further. Good luck to us all.
legendary
Activity: 1134
Merit: 1010
BTC to the moon is inevitable...
June 26, 2017, 09:51:53 AM
#18
I have only recently become interested in the Cryptocurrency markets and potential for growth, and for this reason do not have great insight on the history of Bitcoin, Ethereum and all other altcoins, and their price swings.
all the history is one click away from you.
just visit a website that lists these coins with their prices, a website that you like. it can be coinmarketcap, coingecko, ... or it can be any of the exchanges that you use for trading. they all have charts that you can see these price changes over time.

Quote
I am baffled by the serious downturn the markets have taken in the last few days and am at a loss of words to explain it. Does anyone know what might be causing the heavy selling that is taking place?
for bitcoin it is a simple correction of price because it went up too fast, also it is because of a little bit of uncertainty about the future and how SegWit will be activated. it is not that heavy as you think.

for altcoins it is simply their end of the line, they got pumped and now it is time for the dump. the pump and dumps come in duos not alone. it is pretty heavy and will get harder.

Quote
Is this mostly caused by Ethereum-holders (I'm thinking of the recent successful multimillion ICOs) cashing out?  Are investors unwinding positions because, perhaps, they fear the upcoming July Segwit2 Bitcoin activation may fail? 
these two are completely different and unrelated.
the ethereum bag holders and the ICO holders are panic selling at the moment because of the fear of price drop and also because of the fear of network fails that happened recently. on top of that the bubble is bursting.

bitcoin is unrelated to all that, and if anything all the money that runs out of ethereum should come back to bitcoin.
newbie
Activity: 42
Merit: 0
June 26, 2017, 09:37:17 AM
#17
We have strong uptrend and I treat every drop as a correction and occasion to buy. But Ethereum drop proved that crypto markets are still a wild west Tongue
legendary
Activity: 954
Merit: 1000
June 26, 2017, 08:39:15 AM
#16
I am guessing that this is just correction. You can't expect cryptos to go 10x the initial price and sustain it for long. Thats honesly not how investments or price appraisals work.

I am glad bitcoin is holding onto the current price
full member
Activity: 322
Merit: 100
June 26, 2017, 08:37:08 AM
#15
This is nothing, when the price goes below $1500, now that is what you call a PULLBACK. This is just a normal trading.
hero member
Activity: 798
Merit: 503
June 26, 2017, 07:40:56 AM
#14
I have only recently become interested in the Cryptocurrency markets and potential for growth, and for this reason do not have great insight on the history of Bitcoin, Ethereum and all other altcoins, and their price swings.  I am baffled by the serious downturn the markets have taken in the last few days and am at a loss of words to explain it.  Does anyone know what might be causing the heavy selling that is taking place?  Is this mostly caused by Ethereum-holders (I'm thinking of the recent successful multimillion ICOs) cashing out?  Are investors unwinding positions because, perhaps, they fear the upcoming July Segwit2 Bitcoin activation may fail?  

Let's discuss theories that might explain the down-swing!

The issue about swings of the market is not something that is new to people who have been here long enough because sometimes the market just take a regressive move without anybody being able to give an explanation rather than guessing which is what we all engage in. The market is currently at low ebb with the expectation that it will recover in due time when there are some certainties about future prospects showing forth.
sr. member
Activity: 441
Merit: 250
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June 26, 2017, 07:04:25 AM
#13
If you think this is a drop, you'd freak out back in the days. Its just normal, every pump or a rise needs to consalidate over time for the next possible run.

If there is a bad news, its usually a speculation to make you panic so they can buy lower. Just check if the news are for real. Wink
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