Its a normal pushback.Also,this time unexpected maneuver like BCC pumping was done to make newbs move and get confused and lose money in the end.
Hodl your alts and be patient
Topic: Why is Everything dumping ? - page 2. (Read 1605 times)
Many whales are just taking home huge profits because many noob traders are coming and the noob traders are also dumping because they panic too much. Also another point to mention is the fact that this happens almost every weekend when the whales they want to spend their Bitcoins. ICOS as well are in fashion so people jump from one ICO to the other make x 3 or x 5 then go to next coin.
Initially I was panicked but after understanding the pattern of whales I did not really take into account at this time, it is best to remain consistent with some coins and wait for further developments, as the whales are currently raising rate of bcash and I think it's only temporary to their advantage.
Be patient. When this BCH madness will be over things will resume to normality.
Many whales are just taking home huge profits because many noob traders are coming and the noob traders are also dumping because they panic too much. Also another point to mention is the fact that this happens almost every weekend when the whales they want to spend their Bitcoins. ICOS as well are in fashion so people jump from one ICO to the other make x 3 or x 5 then go to next coin.
My eyes are always sore when I see my portfolio whose color is all red. We hope this soon finishes and everything will pump again 
They sold their altcoins to buy BCC. The alt will be back to da moon soon.
A mentioned earlier it's mainly driven by the upsurge in BCH, more exchanges now supporting BCH, miners now finding BCH profitable to mine and as such might support it with more hash power and the speed of BCH confirmations might also be signs that it might be easily adpoted in the future.
the past 3 days, most alts are dumping.
I could not find an explanation why, any ideas ? any news im missing ?
Too many icos taking the spotlight ?
normally when bitcoin dumps, shouldnt alts pump ?
It's true correlation but not always. It might be the case that bitcoin is being exchanged with USD !!
Altcoins will pump only if bitcoin is being dumped and converted to altcoins, then only those/that particular coin will start pumping, as the volume traded for it will be increasing.
As the bitcoin value is very high, people might just like to cash it out for fiat currency as they might think this is the highest bitcoin might reach currently. No big news by the way. Of course ICO will come and go that's not big thing.
First, because of the huge BCH pump going on.
Second, because most of the alts have already been pumped to the moon, so now they are coming back down to earth.
So many dumps near the weekends since I've been into crypto, don't panic, HODL and buy during these dips. I picked up a IOTA for $.25 USD in the mid July dip, it's $.84 today.
Nice profit from dumping my BCH today.
Made a handsome profit from DASH as well. Not everything is in the red...
Made a handsome profit from DASH as well. Not everything is in the red...
People panic often. This isn't anything to be worried about as long as you just hodl. I would dump any BCC that I own though.
i know of an altcoin thats rising against Bitcoin as we speak, and its rising majestically .....
the past 3 days, most alts are dumping.
I could not find an explanation why, any ideas ? any news im missing ?
Too many icos taking the spotlight ?
normally when bitcoin dumps, shouldnt alts pump ?
As mentioned on top BCC
and of course, btc is still main reason
Recently theres been tons of forecast by financial firms, investment firms, analyst that Bitcoin could hit $5-6K flawlessly, Time matters
and of course, btc is still main reason
Recently theres been tons of forecast by financial firms, investment firms, analyst that Bitcoin could hit $5-6K flawlessly, Time matters
It's because the biggest alt is pumping - BCC
the past 3 days, most alts are dumping.
I could not find an explanation why, any ideas ? any news im missing ?
Too many icos taking the spotlight ?
normally when bitcoin dumps, shouldnt alts pump ?
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