Why every coin dumping now? I am losing huge money - page 29.

dangdangdang

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Quote from: rokibhasan024 on January 14, 2018, 11:55:42 AM

What is happening in crypto world? Every Altcoins are dumping now, I am new but I have some good worthy coins. Now I am losing huge money for this dumping.

What should I do now? I am very worry about it.

As you said, you invested on some good worthy coins, if you will sell them now that you are losing, how can you say it is good worthy? Believe in your coins in such a way when you decided to invest on them. Keep holding in your coins, you not alone, we all share the same experience.

heartrodriguez28

newbie

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If you really placed huge money into those coins, you should have at least made an exit plan for both positive and negative scenarios.

Handsome Boy

copper member

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I ❤ ₿itcoin and Ethereum

this may be due to the falling bitcoin price, so it also affects other coins

nobetci

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Quote from: rokibhasan024 on January 14, 2018, 11:55:42 AM

What is happening in crypto world? Every Altcoins are dumping now, I am new but I have some good worthy coins. Now I am losing huge money for this dumping.

What should I do now? I am very worry about it.

If you want to be happy with the cryptocurrencies, you should trading with the amounts which don't put you into difficult situations. My suggestion is that, be patient. Wait for higher prices.

altcoin999

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Activity: 238

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too much happen in this month
china ban mining, south korean government problem, etc

and also if you think the price will go down again, just cut loss and then buy again at lower point that you can see
i think price will go up again but not in this month

Direwolve735

full member

Activity: 448

Merit: 232

To date, there are several reasons for the fall in the crypto-currency market:
1. The market sank amid news of the Chinese authorities' intention to block access to local and foreign platforms for trading.
2. Coins are getting cheaper on the background of increasing statements about the need to regulate crypto-currencies. Fears not only strengthen the events in China, Brazil and South Korea, but also a statement on strengthening the control of the crypto-currency market in Germany.
3. Because of fears that Bitcoin Cash may become a more popular currency after the launch of the trade of alternative crypto currency on the Coinbase platform, Bitcoin falls and pulls the rest Altcoins.

Cryptozond

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★BREATH-BASED illness diagnostic★

This is not the first year when such a drawdown in January. Plus the Chinese New Year has a big impact

onetwostep

full member

Activity: 658

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We all lost a lot of money. but do not panic, everything will be better in a few days.
It may take a few months for the prices to become old, but it will definitely rise again someday Wink

MouseCodak

newbie

Activity: 9

Merit: 0

every single person is losing they money, patience and relax..
make a cup coffee and watching. you can get the result of your struggle to hold it all

RakelA96

member

Activity: 154

Merit: 13

Quote from: rokibhasan024 on January 14, 2018, 11:55:42 AM

What is happening in crypto world? Every Altcoins are dumping now, I am new but I have some good worthy coins. Now I am losing huge money for this dumping.

What should I do now? I am very worry about it.

you want loss or profit.. if you want loss you can sell your coin. if you want profit just holding your coin
Every cloud has a silver lining. we can profit but Patience is the key for all of those
Just HODL for life Wink

crypto1010

full member

Activity: 581

Merit: 108

Quote from: coolvivek on January 14, 2018, 12:01:29 PM

Simple market corrections are going on. hold your coins. Don't invest for small time.

does not look like a correction as corrections don't happen collectively on almost all coins!

This is some negative market influence affecting cryptos and you could choose to buy more coins while they are cheap or hodl and wait for prices to rise again.

htmcoin

member

Activity: 114

Merit: 13

Patience is a virtue, you need patience to wait for the market to recover, I believe everything will return to normal.

oturanbilboa

sr. member

Activity: 454

Merit: 252

Quote from: udayantha11 on January 17, 2018, 01:21:40 AM

this will recover soon as possible , do not panic

Everyone is very confident that prices will rise in a short time. I do not want to think about the disaster scenarios. But prices can remain at the bottom for long periods of time. We need to be prepared for everything.
Hope soon prices will rise.

leslie4u

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Activity: 868

Merit: 100

Like I mentioned in a couple of my post, "Patience" is the key to be successful in Crypto world. The market is bleeding now and correcting itself. Soon there will be strong comeback and you will be happy. Do not sell but rather take this opportunity to buy some dips and HODL.

We have seen this quite a few times in our Crypto career and trust me we are not worried at all.

Go out there and do some shopping while the market bleeds.

Have a nice day.

Moondoggie

full member

Activity: 392

Merit: 101

Quote from: Munz77 on January 17, 2018, 03:01:07 AM

The last big spike like this was December 2014, and then BTC went from 1200 down to 250 in September 2015. It didn’t get back to 1200 again till early this year. Yeah you can hold if you can afford to sit on the loss for 3 years. But if you need the money, better sell up now. Cause if you decide to sell in another month, BTC could be even lower.

Or could be higher.
All comes down to the risk you want to take.

Munz77

full member

Activity: 167

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The last big spike like this was December 2014, and then BTC went from 1200 down to 250 in September 2015. It didn’t get back to 1200 again till early this year. Yeah you can hold if you can afford to sit on the loss for 3 years. But if you need the money, better sell up now. Cause if you decide to sell in another month, BTC could be even lower.

toygg

sr. member

Activity: 306

Merit: 250

Bitcoin and other digital currencies have always been volatile, so a big daily drop is not unusual. That said, Tuesday was a particularly ugly day for crypto investors as every major currency fell by anywhere from 15% to 28%.The top 10 currencies had collectively lost $108 billon in 24 hours as of 3 pm ET on Tuesday. One of the reason could be news articles about how South Korea and China could ban trading which sparked worries of a wider regulatory crackdown. Another reason could be Bitconnect(BCC) being forced to close down its lending platform after receiving 2 cease and desist letters from Texas and North Carolina regulators which caused its price to crash to $20 from $400 in less than 24 hours. But I am confident that the price of coins will definitely return back to normal over a period of time(maybe 1-2weeks?). For me, I would invest more in crypto when there is blood in the streets.

Osiris0

member

Activity: 266

Merit: 11

Sorry, but you had to be more pragmatic. The history now is just like in 2011 and 2013. And besides it was predictable in case of closing CME futures contracts in the end of this week. Now big guys have a lot of ways to rule "free" crypto market.

removebeforeflight

sr. member

Activity: 696

Merit: 258

Quote from: udayantha11 on January 17, 2018, 01:21:40 AM

this will recover soon as possible , do not panic

Correct. Bitcoin is the mother of all cryptocurrency, altcoins price would be based on bitcoin price as well. Don't worry, it's just correction happening in bitcoin and it would rise soon to a price which no one predicted, altcoins also would follow the price rise. Some times you may get profit in short term, but most of the time long term investment gives huge profit. At this time please hold on your coins and wait for a while to reap your profit.

Moondoggie

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Activity: 392

Merit: 101

Quote from: udayantha11 on January 17, 2018, 01:21:40 AM

this will recover soon as possible , do not panic

People also freak out that they lost 20%, and forget that its still so much higher than it was a short while ago.

Topic: Why every coin dumping now? I am losing huge money - page 29. (Read 5288 times)