I'd like to say that FUDs are the reason but I don't think so this time. Maybe people started selling too much after seeing the negative movements in the market. And it affected the balance of the market also.
such high anxiety can cause all of this, more and more people are certainly influenced by various negative things to the point of doubting. however, not all investors will decide the same, this can be an opportunity to buy too 
Topic: What's up with the recent decline? (Read 433 times)
I'd like to say that FUDs are the reason but I don't think so this time. Maybe people started selling too much after seeing the negative movements in the market. And it affected the balance of the market also.
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There are some altcoins that aren't down as badly as popular coins like ETH and BTC.
No worries buddy, give them some time, their time will come. Most probably if the market stays in this form for another month, I don't think most altcoins will have what it takes to last another bearish period that follows in the coming months. Remember binance coin was one of those project that held strong during the market declines but this recent dumped saw it trading below the $300 mark which means it's has declined more that -50%.
Just like BNB other coins will keep losing their value, altcoins aren't trusted during the bearish market, the project with very strong fundamentals and community are and that's why Bitcoin and ethereum seems to be holding strong. No doubt they have more money in them so they'll be the go to coins for security.
The current decline is actually not surprising since bitcoin got off a hot start from 2020 while the rest of the world struggled to find something during the onset of the pandemic. It lasted for a good while, and we all know that what comes up must come down and that’s exactly what’s happening. The resistance @ $29k is pretty solid, as it was tested a few days back and it held on like a champ. A sideways market, IMO, is to be expected with all these news re: China’s recent actions on miners lingering the scene.
Hopefully the resistance at 29k will stay strong for a long time because a lot of FUD will definitely feast on the market if it breaks and goes down yet again. With all the things that you said though, there seems to me not a lot of long-term effects that is causing the decline in the market so, I think that I can still probably sleep well. 
There are some altcoins that aren't down as badly as popular coins like ETH and BTC.
There are no surprises on seeing most of the altcoins are down right now, one of the prime reason for this is, when investors and traders are in bearish mode, they will probably book profits in all their investments (most traders and investors are always good in diversification) and they may not think about buying further until there will be a change in the direction of market.There were multiple reasons why we are having big correction right now in entire crypto space. China's ban on crypto operations must be one of the big one along with Elon Musk's negative comments on bitcoin mining operations.
The effect that we are seeing now is not yet the worst, prepare yourselves for the worst to come as we are in this situation before that people think the market will not be able to survive, but they are wrong because bitcoin hit a new ATH in the recent bull run. Don't panic, that's the only thing we have to do, because if we believe in crypto and in bitcoin, all these worst scenario may only become as a normal one.
There are some altcoins that aren't down as badly as popular coins like ETH and BTC.
There are no surprises on seeing most of the altcoins are down right now, one of the prime reason for this is, when investors and traders are in bearish mode, they will probably book profits in all their investments (most traders and investors are always good in diversification) and they may not think about buying further until there will be a change in the direction of market.There were multiple reasons why we are having big correction right now in entire crypto space. China's ban on crypto operations must be one of the big one along with Elon Musk's negative comments on bitcoin mining operations.
The current decline is actually not surprising since bitcoin got off a hot start from 2020 while the rest of the world struggled to find something during the onset of the pandemic. It lasted for a good while, and we all know that what comes up must come down and that’s exactly what’s happening. The resistance @ $29k is pretty solid, as it was tested a few days back and it held on like a champ. A sideways market, IMO, is to be expected with all these news re: China’s recent actions on miners lingering the scene.
Most of the time it would really be having some corresponding reason on why market would really be having these kind of movement and whether its a positive or a negative one then these sentiments could neither gave out some effect or would just simply be ignored.We cant make out comments or words without seeing those market reactions which is a bit typical imho.People still get used to react that much whenever the market do make out its move without realizing that this had been a typical movement ever since this market had started. Expect the unexpected and react according to it.
The current decline is actually not surprising since bitcoin got off a hot start from 2020 while the rest of the world struggled to find something during the onset of the pandemic. It lasted for a good while, and we all know that what comes up must come down and that’s exactly what’s happening. The resistance @ $29k is pretty solid, as it was tested a few days back and it held on like a champ. A sideways market, IMO, is to be expected with all these news re: China’s recent actions on miners lingering the scene.
As the title says I'm curious what's the real reason for the decline?
Is it because whales are dumping?
-Or Dogecoin meme died? and people taking it over on other altcoins?
There are some altcoins that aren't down as badly as popular coins like ETH and BTC.
So what's your point of view regarding this decline?
Is it because whales are dumping?
-Or Dogecoin meme died? and people taking it over on other altcoins?
There are some altcoins that aren't down as badly as popular coins like ETH and BTC.
So what's your point of view regarding this decline?
The decline is our support of current resistance, which I believed loosened bearish market dominance. On my point of views, this is a good indication that future potential pumps will be going to existence someday. Though it seems unpredictable, but we need to be careful when that time comes because if you haven't filled your wallet yet there could be tendency of frustrations by time we fail due to emotions.
So what's your point of view regarding this decline?
It is simple, holders taking a profit. Aside from that, bad news from different countries such as China forbidding merchants to accept cryptocurrency followed by closing miners on their jurisdiction and some country acknowledging Bitcoin as legal tender then later retracting the statement. It sure affects the mood of the market.This means when the price reached 40k levels that ended with the price going down because it failed to go any higher, even if it managed to hit just 42k that would mean 45k+ easily, or at least stay above 40k but since it failed that meant going down. It is simple really, when there is only one way to go and other direction is blocked then you have other direction blocked simple as that. It is not really a shocking thing, it is something that has been around for 10 years now.
So what's your point of view regarding this decline?
It is simple, holders taking a profit. Aside from that, bad news from different countries such as China forbidding merchants to accept cryptocurrency followed by closing miners on their jurisdiction and some country acknowledging Bitcoin as legal tender then later retracting the statement. It sure affects the mood of the market.But I believe it's strong enough for bitcoin to hold on and the price bounces back after doing its resistance.
So what's your point of view regarding this decline?
It is simple, holders taking a profit. Aside from that, bad news from different countries such as China forbidding merchants to accept cryptocurrency followed by closing miners on their jurisdiction and some country acknowledging Bitcoin as legal tender then later retracting the statement. It sure affects the mood of the market.
That is true reality, when bitcoin goes down there is really not that many coins that makes a profit, it is definitely one way to say that it is not doing good and I fear that it will always be connected.
Yup, because of that I'm curious why the OP said there are some altcoin which isn't down as bas as BTC and ETH. When I have altcoin portfolio then BTC is down like yesterday, I loss 50% meanwhile BTC just crash for 10-20%. I need some explanations of what the OP said. Maybe I got miscommunication of what he wrote. Reason for Dogecoin to dump?
1. Hype is over
2. Big hodlers cashing out
I am pretty sure those that were hodling Doge for the last 2 years like myself (bought at 25 sats) sold long time ago. I sold mine in ladders and my highest sell was 5 cents. Yes feel like an idiot for selling so cheap but keep in mind that I bought it for like 25 sats (forgot what the USD price was at the time)
And I am sure there are tons more like me and more were big hodl'er who probably most likely sold when the initial pump happened. Where it went to like 9 cents and topped, then traded sideways for like a month before heading higher. So most hodlers sold at 5-10 cents.
The reason is dumped is probably because panic started when TikTokers realised that its not going to hit $10 and they all started to dump on one another.
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Ethereum and Dogecoin follow the downtrend and so with the other altcoins. I hope it is the last correction for the bitcoin and crypto and in the next month, the price will start to increase.
Almost all crypto dump when bitcoin price drop, we can see this happening always as alts are dependent to the movement of bitcoin. And I also hope that this is the last correction to see since if we can see more of it then maybe we will wait again another 4 years (next halving) to see a good price rally brougt by this event. But I doubt the pump will happen next month so better we should watch how the market moves.
As the title says I'm curious what's the real reason for the decline?
Is it because whales are dumping?
-Or Dogecoin meme died? and people taking it over on other altcoins?
There are some altcoins that aren't down as badly as popular coins like ETH and BTC.
So what's your point of view regarding this decline?
Is it because whales are dumping?
-Or Dogecoin meme died? and people taking it over on other altcoins?
There are some altcoins that aren't down as badly as popular coins like ETH and BTC.
So what's your point of view regarding this decline?
Just normal crypto cycles. When people make tons of paper profits when things slow to a halt people start selling out to realize those gains. Just profit taking, the real question is where will the new base be. That's the scary part
As the title says I'm curious what's the real reason for the decline?
Is it because whales are dumping?
-Or Dogecoin meme died? and people taking it over on other altcoins?
There are some altcoins that aren't down as badly as popular coins like ETH and BTC.
So what's your point of view regarding this decline?
-Reason for decline?Is it because whales are dumping?
-Or Dogecoin meme died? and people taking it over on other altcoins?
There are some altcoins that aren't down as badly as popular coins like ETH and BTC.
So what's your point of view regarding this decline?
1.Profit taking
2.Fud
3.Panic sell
4.Whale dumps
Reason for Dogecoin to dump?
1. Hype is over
2. Big hodlers cashing out
Not all coins would be going down but of course it would really be having price correction which is pretty normal.
When you do deal with crypto investment then you should really make yourself prepared into these circumstances.
I'm a bit behind on the info it seems, which altcoin isn't as bad as BTC and ETH when the dump happened? Because so far what I have seen is that if BTC drops, the overall market is red, especially altcoins that are not popular enough. Because if you look at the market capitalization, BTC and ETH dominate around 70% so that if BTC goes down the market will also go down and vice versa, the both of coins will recover first. CMIIW
That is true reality, when bitcoin goes down there is really not that many coins that makes a profit, it is definitely one way to say that it is not doing good and I fear that it will always be connected.The fear of connected is that we do not really have any choice but to accept that we all go up or we all go down and what is the point of studying coins at that point? Sure some coins went more than others I am not going to argue that, but mainly when there was a bull run everything went up and everyone earned money, some more than others I agree but we all made money, and when it went down we all lost money, so why do I study all other coins? I could simply buy bitcoin with 50% of my portfolio and the rest 50% will be divided 5% with other 10 best coins (except usdt) and just hold? That would make me enough money and I would not have to research any coins by that logic.
In forex trading for those using institutional style trading..what usually happens is,before the institutional investors buy they first have to sell and give that manipulative picture that market is going down when in reality its preparing to be bullish and this is likely what is happening and probably a coincidence with what's going on in China and the bitcoin miners.
So let's be on the lookout for market manipulation while the Chinese make the headlines.
So let's be on the lookout for market manipulation while the Chinese make the headlines.
The recent decline was bound to happen. In fact, it was really over due. But regardless, there are only two ways to go; either bitcoin goes back down a bit right now(which is what I am assuming) or goes up to 37k-ish levels of resistance then back to 40k-ish(if it succeeds, and then back again to 30k-ish levels. Short/mid term. After this happens, I expected steady ups. I even think that the month of july will be a great month for every coin.
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