Till yesterday it felt like we are going through a repeat of 2017 but all of a sudden it's dropping down, what would have caused this dump? Is it related to drop in the value of Bitcoin or else some other reason like whales cashing out ? I feel it was a temporary correction which took place after altcoins went bullish especially XRP and XLM which gained over 100% in last one week.
Because cryptocurrency prices are still very volatile, This is one of the reasons cryptocurrency prices are difficult to predict. With limited liquidity in the cryptocurrency market, price fluctuations occur very often. Just look a few days ago, the price of cryptocurrency has increased tremendously, so that makes some people assume the beautiful story of 2017 have repeated itself. But you don't worry about the current condition, the correction is only temporary, because the altcoin season has just started.
Topic: What's your opinion about today's Altcoin market situation? - page 4. (Read 885 times)
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Till yesterday it felt like we are going through a repeat of 2017 but all of a sudden it's dropping down, what would have caused this dump? Is it related to drop in the value of Bitcoin or else some other reason like whales cashing out ? I feel it was a temporary correction which took place after altcoins went bullish especially XRP and XLM which gained over 100% in last one week.
I think it is because the bitcoin price is down, making the altcoin market follow down. Although not all altcoin is down, we still see some altcoin still exist and have a green candle at the market. It is only a temporary correction because after this week, the crypto market will be back to increase, and the price will have a chance to break another high price. XRP and XLM have a good time a few days ago because the price can increase higher, and maybe those coins will have more chances to rise higher.
Just because the market is showing signs of growth we can't conclude it is bullish. The market can move in unpredicted direction which is why cryptocurrencies are stated as high risk investment/assets. There is no big price move with altcoins during the beginning days of the recent bullish market making i
Till yesterday it felt like we are going through a repeat of 2017 but all of a sudden it's dropping down, what would have caused this dump? Is it related to drop in the value of Bitcoin or else some other reason like whales cashing out ? I feel it was a temporary correction which took place after altcoins went bullish especially XRP and XLM which gained over 100% in last one week.
I see what happened is really not surprising, many people predict that there is a correction to the market, you also need to understand that the market has risen continuously after the DEFI trend and a lot of news good in time. The rebound is underway i think growth is next next. 
Till yesterday it felt like we are going through a repeat of 2017 but all of a sudden it's dropping down, what would have caused this dump? Is it related to drop in the value of Bitcoin or else some other reason like whales cashing out ? I feel it was a temporary correction which took place after altcoins went bullish especially XRP and XLM which gained over 100% in last one week.
In the past time we have seen altcoins have gone up a lot, there are many projects that have gone up a lot during that time as XRP has risen more than 100% during that time, and now will be the period of correction again. I think the big pumps are still ahead, so there is no need to be alarmed by market downturns.
This may be a price adjustment for altcoin, many forecasts have been made that it may repeat the previous time of the market, this time i am really helpless because i have no money to buy altcoin, maybe what's going on is frightening the crowd, but if you've ever met this you will understand that this is just a price adjustment.
Till yesterday it felt like we are going through a repeat of 2017 but all of a sudden it's dropping down, what would have caused this dump? Is it related to drop in the value of Bitcoin or else some other reason like whales cashing out ? I feel it was a temporary correction which took place after altcoins went bullish especially XRP and XLM which gained over 100% in last one week.
I have seen many people start to panic in this market, i think this is just the process of adjusting the price of the whole market after increasing prices during the past time. Our main trend will still be the same, the bulls are still in progress, i think the real market boom will be around May-June, wait for it and never fomo the crowd to sell or buy any coin. this is a correction, buy it now while there are lots of discounts, I am sure it will come back to the top again..i have started stocking XLM. and we'll see tomorrow how much profit I get .. this is a moment where we can buy at low prices. what are you waiting for.
It looks like some people have used this correction as their chance to get cheap coins. The people who have bought it yesterday have already got decent profit. The first wave of pump is still happening and the second wave will come soon. The big history of crypto will be repeating again.
People will be missing the opportunity to buy more.
Till yesterday it felt like we are going through a repeat of 2017 but all of a sudden it's dropping down, what would have caused this dump? Is it related to drop in the value of Bitcoin or else some other reason like whales cashing out ? I feel it was a temporary correction which took place after altcoins went bullish especially XRP and XLM which gained over 100% in last one week.
To understand this dump, we must know about the price correction of Bitcoin. Bitcoin price was stuck in the 12k, so before another pump Bitcoin must be stuck somewhere maybe 18k. You must be ready to see the dump price after a good pump like last month. The whole market was down, only one reason was Bitcoin correction time. We shouldn't forget that the last highest pump was 19k. 
Whales definitely cashing out their money from the bitcoin. It's clearly stated that in some news if there were some whales who have been sending big chunk of bitcoin to the market a few days ago.
After the whales sending their money to the market and the crash was happening. i guess the flash dump by the whales have been making the market feel panic.
That's why the instant drop happened with altcoin too.
After the whales sending their money to the market and the crash was happening. i guess the flash dump by the whales have been making the market feel panic.
That's why the instant drop happened with altcoin too.
No need to panic mate, the occurrence of a dump in the market has become a natural thing, this is only a small correction. Try to see now that the market has started to improve again, in fact this is an opportunity for all of us to buy more because after a small correction the market will grow bigger.
Yeah true we should be using this opportunity for buying it low which was not possible at the beginning of this week due to sudden pump but there are too many negative posts within last 24 hours but as you rightly mentioned it's just a small correction and market will continue with bull run. I have already invested in XLM which I really wanted to do 4 days ago but couldn't do as the price was almost doubled but this dump gave me an opportunity to do it now.
Till yesterday it felt like we are going through a repeat of 2017 but all of a sudden it's dropping down, what would have caused this dump? Is it related to drop in the value of Bitcoin or else some other reason like whales cashing out ? I feel it was a temporary correction which took place after altcoins went bullish especially XRP and XLM which gained over 100% in last one week.
You're not the only one who thinks that way. I also feel like the situation we had before in the year 2017 is exactly what is happening in the market right now. This drop may be because the price of bitcoin is started to crash, investors or the whales do actually sell their holdings to make their profit. 
No need to panic mate, the occurrence of a dump in the market has become a natural thing, this is only a small correction. Try to see now that the market has started to improve again, in fact this is an opportunity for all of us to buy more because after a small correction the market will grow bigger.
Till yesterday it felt like we are going through a repeat of 2017 but all of a sudden it's dropping down, what would have caused this dump? Is it related to drop in the value of Bitcoin or else some other reason like whales cashing out ? I feel it was a temporary correction which took place after altcoins went bullish especially XRP and XLM which gained over 100% in last one week.
Yes bro, I know majority of the traders were expecting more bulls and more intense moves before a big correction but it just happened now but keeping in mind the way these markets work i think this correction will prove to be healthy for the bulls later. 
Emotional conditions of market participants drive the current market and the altcoins fall into the category of controlled by top cryptocurrencies. The alt season can be possible if the BTC can stay in the range of $16000-$18000 for a long time. Otherwise, the volatile BTC prices will not affect good to the market share of altcoins and the further fall will continue, from my experience. The prices will cool down sooner or later and traders can decide if they did the right trading decision or they get hyped after the market bull run without a single correction.
it is an oppurtinity to buy. it a small correction.
in 2 weeks price will go at least 50% higher of today's value.
in 2 weeks price will go at least 50% higher of today's value.
That's one good side of this dump because while the price is dipping, we can buy some of the coins with discounts. Its an opportunity indeed.
I have a few ETH that I would like to spend for VET but then the value of it also dipped. If I have only sold it for USDT while the price touches $600, it should have been better. I guess when the RSI said it's overbought, it's best to just do what is to be done there than disappointed later when all of a sudden all coin dips.
using RSI indicator to know when the right time to enter and exit the market is good idea, especially in higher timeframe my friend
and i agree with you if this dump is a good opportunity for us to collect more ethereum or other good altcoins in good price
it is an oppurtinity to buy. it a small correction.
in 2 weeks price will go at least 50% higher of today's value.
in 2 weeks price will go at least 50% higher of today's value.
That's one good side of this dump because while the price is dipping, we can buy some of the coins with discounts. Its an opportunity indeed.
I have a few ETH that I would like to spend for VET but then the value of it also dipped. If I have only sold it for USDT while the price touches $600, it should have been better. I guess when the RSI said it's overbought, it's best to just do what is to be done there than disappointed later when all of a sudden all coin dips.
Till yesterday it felt like we are going through a repeat of 2017 but all of a sudden it's dropping down, what would have caused this dump? Is it related to drop in the value of Bitcoin or else some other reason like whales cashing out ? I feel it was a temporary correction which took place after altcoins went bullish especially XRP and XLM which gained over 100% in last one week.
don't worry, this is only a corrections my friend, because a lot of people taking their profits from crypto market
and this situations will over soon, but maybe a big green movements will come back to crypto market next year, i hope i'am wrong
it is an oppurtinity to buy. it a small correction.
in 2 weeks price will go at least 50% higher of today's value.
in 2 weeks price will go at least 50% higher of today's value.
Till yesterday it felt like we are going through a repeat of 2017 but all of a sudden it's dropping down, what would have caused this dump? Is it related to drop in the value of Bitcoin or else some other reason like whales cashing out ? I feel it was a temporary correction which took place after altcoins went bullish especially XRP and XLM which gained over 100% in last one week.
this market mate, everything can be happend in crypto market
i think the current situations is a profit taking actions from most of traders and investors including the big whales buddy
and thats make the price down, but don't worry, because this is only for a while my friend
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