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Topic: Why All Coins Dump? - page 3. (Read 15215 times)

hero member
Activity: 1750
Merit: 589
July 16, 2017, 09:09:59 PM
It looks like all altcoins dump 10-20%. What is the reason?  Huh I am very sad  Sad

It is just a normal scenario especially on market industry wherein currencies are always experiencing such kind of pumps and dumpsee. We just have to wait for a moment until in pumps again its price. But as for now , it will be a great opportunity to buy coins while they are at low price value.
full member
Activity: 154
Merit: 100
July 16, 2017, 08:49:34 PM
It looks like all altcoins dump 10-20%. What is the reason?  Huh I am very sad  Sad


Of course its all because of the upcoming activation. Many are afraid to lose their funds so they're now in panic selling mode and probably you're not the only one who are sad now but everyone. All of my friends including me is so depress right now because of this constant dumping of coins. We just hold our coins and wait for this drama to end before we do our next move. Nobody can't tell right now what will really happen after the correction. Hope the crypto world will recover sooner not later.
full member
Activity: 210
Merit: 101
Any store can buy, sell, and accept Crypto
July 16, 2017, 08:24:04 PM
Now is time for pump ... you will see lot of investment in market to cash out those cheaply bought ETH and BTC for high profits .. so people gonna dive in and price will sky rocket just before a major crash in last week of July
I think we can hold btc and eth for this week and get as much return as possible then next week buy cheap and invest in alt coins when market is bleeding like hell .. just my guess  Wink Cheesy
full member
Activity: 234
Merit: 100
July 16, 2017, 09:03:12 AM
i also want to know the reason, my asset shrink a lot in the past weeks

I don't know the connection of all the digital currencies, but one thing I know for sure, when bitcoin dumps, all the other digital currencies dumps. This happens always when the bitcoin dumps so I think there are really some connections to these.
of course. if you holding eth at 0.1 btc and bitcoin is 3000. You eth is worth 300 usd. If btc crashes to 2000 now your 1 eth is only worth 200.
Wow. I can not believe you admitted not seeing the connection.
The same is true for all alt. Since they are bought and sold using bitcoin. So people panic and sell their alt to sell the btc they receive for their alt.
hero member
Activity: 2926
Merit: 533
Leading Crypto Sports Betting & Casino Platform
July 16, 2017, 09:00:54 AM
All alt-coins are also affected of this august 1 bitcoin split that's why they are all now dumping but don't worry this time is the right time to buy of those alt-coin and even bitcoin because it will be pump again after august 1.
A lot of people want to secure their money through selling their bitcoin to the fiat, No doubt if the hardfork of bitcoin gives a lot of impact to another coin because a lot of the coins were pegged with the bitcoin as the root to discovered its coin price. The result of the crypto will depend on the bitcoin hardfork, If that was going smoothly and the biggest pump will be happened.
full member
Activity: 182
Merit: 100
July 16, 2017, 09:00:31 AM
It looks like all altcoins dump 10-20%. What is the reason?  Huh I am very sad  Sad

The dump has lasted several days, I don't know what happened to crypto world,I hope it will recover from dump soon.
sr. member
Activity: 546
Merit: 257
July 16, 2017, 08:55:27 AM
i also want to know the reason, my asset shrink a lot in the past weeks

I don't know the connection of all the digital currencies, but one thing I know for sure, when bitcoin dumps, all the other digital currencies dumps. This happens always when the bitcoin dumps so I think there are really some connections to these.
full member
Activity: 234
Merit: 100
July 16, 2017, 08:55:22 AM
Honestly the only real value of bitcoin and altcoin is non trackable illegal trade through internet. What value do you think it really worths? I don't think much.
Bitcoin is accepted at many retailers. In several countries, bitcoin is the most used currency. Do some research or stop making ignorant incorrect comments.
member
Activity: 93
Merit: 10
July 16, 2017, 08:52:44 AM
Honestly the only real value of bitcoin and altcoin is non trackable illegal trade through internet. What value do you think it really worths? I don't think much.
full member
Activity: 234
Merit: 100
July 16, 2017, 08:48:00 AM
The bitcoin issue has a significant effect. There are several other factors to consider. The tezos ico brought in nearly a quarter billion. This along with all the other scam ico's that have been dumping ethereum and bitcoin in huge amount.  Also, the etheruem hashrate skyrocketed after amd cards became unavailable. This was from people building rigs with nvidia 1060 and 1070 cards. These nvidia rigs cost nearly double compared to an amd rig cost. The return was so high it seemed like a good investment. Now those nvidia rigs are going to take 6 months minimum to pay for the hardware. Likely, 9 months to a year.The surge in price brought alot of newcomer who did little to no research. They are now panicking in an attempt to recover their investments.
       To add to all this is the epic failure which is the etheruem network. All the ico etheruem tokens use the ethereum network to process transactions. This has caused major slow down. Despite what you may have read this issue is not going away. The etheruem network has implemented a dirty bomb. To intentionally slow down block times increasing transaction times. So you now have a network that can not process transactions timely being slowed further. Then the lower the price of eth goes the few miner that stay ming it. If it is more profitable to mine other coins many miners will switch. That will also slow down transactions slightly..Claims ethereum is going proof of stake are false. If you research the pos switch has been delayed several times. Few months the first time,6 months the second and more than a year the 3rd. The devs have now had nearly 2 years and simply can not get pos to work.


   The good news is all the big investors are sure to pump the price after they are ensured the outcome of the bitcoin drama. This will bring in more foolish noobs. With more money than brains. So investing is a good idea. In eth now and btc after the 1st.
full member
Activity: 308
Merit: 134
July 16, 2017, 08:15:55 AM
i also want to know the reason, my asset shrink a lot in the past weeks
hero member
Activity: 2716
Merit: 904
July 16, 2017, 08:04:10 AM
All alt-coins are also affected of this august 1 bitcoin split that's why they are all now dumping but don't worry this time is the right time to buy of those alt-coin and even bitcoin because it will be pump again after august 1.
full member
Activity: 401
Merit: 104
July 16, 2017, 07:50:07 AM
Prices may go up in August again, after the Bitcoin civil war outcome. Or perhaps just before of that Smiley
legendary
Activity: 910
Merit: 1000
July 16, 2017, 07:48:30 AM
This time to Buy and Hold for  long term.
I agree with you to buy and hold for long term investment, especially for ethereum because it will be going up again
 the price of altcoins went down trend because of they follow bitcoin's price was down and bitcoin's price was drop because of the activation segwit2x on bitcoin's network, after the activation segwit2x the price of altcoins will be increasing again, we just needs wait until 1st August.
member
Activity: 66
Merit: 10
July 16, 2017, 07:48:04 AM
This time to Buy and Hold for  long term.

be patient. this is probably not the end of the down trend. buy in batches of 15-20%...every couple of 1 a 2 weeks from now.

gr E
member
Activity: 146
Merit: 10
July 16, 2017, 07:41:53 AM
This time to Buy and Hold for  long term.
full member
Activity: 145
Merit: 100
★ WORLDCORE ★
July 16, 2017, 07:34:17 AM
I'll just leave this one here  Grin https://www.youtube.com/watch?v=oUbpGmR1-QM

 Grin Grin Fitting quite good. "No need to worry, BTC you are my only, even if the sky is falling down"
member
Activity: 187
Merit: 10
July 16, 2017, 06:07:24 AM
It looks like all altcoins dump 10-20%. What is the reason?  Huh I am very sad  Sad


People are uncertain about what is going to happen on August 1st.

We will most likely be in a bear market until this whole issue is solved.

If things go well for Bitcoin after August 1st we will very likely witness one of the biggest bull runs the crypto world has ever seen.
sr. member
Activity: 2226
Merit: 347
July 16, 2017, 05:51:09 AM
Everything is going down now and the panic button is activated,there is more dump in the coming weeks and this decline will take a longer time than expected to recover,billions of dollars are being dumped everyday,more than 32 billion dollars dumped in the past few days.
It has really been activated and we cant really control those people who do panic sell for cutting losses hearing of rumours on more dumping on the bitcoins price thats why most of them decide to cut lose and this is the results we are experiencing as of now. August 1 is about 2 weeks ahead and there will still lots of things would happen inside of that 2 weeks. We would see what would happen next regarding into this drama.
full member
Activity: 560
Merit: 111
July 16, 2017, 05:44:10 AM
By hes nature:

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