What's happening with crypto markets? - page 3.

dquancey

hero member

Activity: 587

Merit: 500

Quote from: Vishnu.Reang on June 26, 2017, 07:11:30 AM

Quote from: dquancey on June 26, 2017, 05:40:15 AM

If you are new to crypto, this is normal Grin

Yeah... this happens all the time. Crypto-currencies are highly volatile, at least when compared to the other investment assets such as equities, mutual funds, bullion and real estate. And that is their attractiveness. You can either gain big or loss big. A single trade can make you a billionaire, and if you are unlucky then you can become a beggar in a single day. Grin

Indeed, I've had a few trading accounts wiped out with silly investments.

Now my main play is BTC and the other larger cap cryptocurrencies, ETC, ETH, LTC, ZEC and so on. Been caught playing so many 'shit'coins in the past, it's not worth it.

Also learned that position sizing really helps, don't go all in on one coin. This is another thing I've learnt the hard way.

Vishnu.Reang

sr. member

Activity: 1974

Merit: 453

Quote from: dquancey on June 26, 2017, 05:40:15 AM

If you are new to crypto, this is normal Grin

Yeah... this happens all the time. Crypto-currencies are highly volatile, at least when compared to the other investment assets such as equities, mutual funds, bullion and real estate. And that is their attractiveness. You can either gain big or loss big. A single trade can make you a billionaire, and if you are unlucky then you can become a beggar in a single day. Grin

layoutph

sr. member

Activity: 1372

Merit: 255

Bitcoin is currently at 2400usd now. In the next few days it might touch 1900usd or even lower before it climb again to 3000+usd.

While bictoin is going down to accelarating to 3k + will experience drop of altcoins prices due to retracement.

Just HOLD and welcome to crypto currency world hehe.

Quote from: migdsb on June 26, 2017, 05:24:19 AM

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!

Larva14

sr. member

Activity: 518

Merit: 250

Quote from: migdsb on June 26, 2017, 05:24:19 AM

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!

There is nothing we should worry. I see things normal as this is how dunpers supposed to dump altcoins. I'm not disappointed from what happening since I see this as an opportunity to buy more altcoins.

romero121

legendary

Activity: 3206

Merit: 1213

casinosblockchain.io

Quote from: goinmerry on June 26, 2017, 05:29:59 AM

Still not alarming since I consider the current price decrease of bitcoin was still on normal. And for some altcoin, still no such thing as big dump that I consider.

If you have an active investment and you already seeing the loss then that's part of the risk you take the moment you start trading cryptos. For now, just watched the price. Rather than take it as a problem, take the chance to grab more coins.

This is pretty common with the cryptocurrency. What makes people have a fear or panic is the price that grew on a sudden towards $3000 in a very short time and now getting decreased in a constant manner. As above mate suggested think it to be the time to grab more coins.

buwaytress

legendary

Activity: 2912

Merit: 3603

Join the world-leading crypto sportsbook NOW!

Quote from: dquancey on June 26, 2017, 06:05:22 AM

If I'm being honest, I'm not sure how to play the fork agreement. Think I'll just do what I usually do with this sort of thing and just go 100% BTC. One constant about my trading career is that accumulating BTC is my number 1 priority, so hedging into FIAT and/or alts seems dangerous, to me anyway.

Don't worry, I doubt any one here knows how to play the fork agreement... but the good news is that if you're a BTC holder like me, we actually have nothing to worry about. Fork or no fork, we'll have the option to move with the eventual "winner" if we control our own coins (you do, I hope?)

dquancey

hero member

Activity: 587

Merit: 500

Quote from: BitcoinzB on June 26, 2017, 05:43:20 AM

Quote from: dquancey on June 26, 2017, 05:40:15 AM

Just a correction.

The markets have gone up lately too far without support, they are due a pull back. Lots of new dumb money coming in and pushing prices higher and higher. The traders will be taking their profits and buying back in on the dip.

Let's not forget that the hard/soft fork is coming into action soon, so traders are naturally cautious about this.

If you are new to crypto, this is normal Grin

Yes, I'm waiting for it to pump back up soon; although the upcoming fork worries me a bit, since we can't know how the market will react to it.
This seems like a good moment to buy though!

If I'm being honest, I'm not sure how to play the fork agreement. Think I'll just do what I usually do with this sort of thing and just go 100% BTC. One constant about my trading career is that accumulating BTC is my number 1 priority, so hedging into FIAT and/or alts seems dangerous, to me anyway.

BitcoinzB

full member

Activity: 210

Merit: 100

💰💰💰💰

Quote from: dquancey on June 26, 2017, 05:40:15 AM

Just a correction.

The markets have gone up lately too far without support, they are due a pull back. Lots of new dumb money coming in and pushing prices higher and higher. The traders will be taking their profits and buying back in on the dip.

Let's not forget that the hard/soft fork is coming into action soon, so traders are naturally cautious about this.

If you are new to crypto, this is normal Grin

Yes, I'm waiting for it to pump back up soon; although the upcoming fork worries me a bit, since we can't know how the market will react to it.
This seems like a good moment to buy though!

dquancey

hero member

Activity: 587

Merit: 500

Just a correction.

The markets have gone up lately too far without support, they are due a pull back. Lots of new dumb money coming in and pushing prices higher and higher. The traders will be taking their profits and buying back in on the dip.

Let's not forget that the hard/soft fork is coming into action soon, so traders are naturally cautious about this.

If you are new to crypto, this is normal Grin

susila_bai

hero member

Activity: 1260

Merit: 524

BTC going down is normal as their is price correction is going on and it is roaming around 2500 to 2700 range for so many days, about other altcoins this is mostly because of ETH problem as most of the coins are based on ETH platform. so it is not worry as good coins will bounce back

goinmerry

legendary

Activity: 2940

Merit: 1083

Still not alarming since I consider the current price decrease of bitcoin was still on normal. And for some altcoin, still no such thing as big dump that I consider.

If you have an active investment and you already seeing the loss then that's part of the risk you take the moment you start trading cryptos. For now, just watched the price. Rather than take it as a problem, take the chance to grab more coins.

migdsb

newbie

Activity: 3

Merit: 0

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!

Topic: What's happening with crypto markets? - page 3. (Read 2496 times)