Topic: Why the Alts go down again and again after a rise? (Read 2232 times)
Yes, Thats one of the main reasons during normal days. But this detail is intended for newbies who are not familiar with crypto working process and panic to avoid loss and later they regret it. Those who have spent enough time here already know this all
I am very impressed with your detailed analysis 
Thanks
This is nothing new to the crypto world. If you remember when price and market cap of bitcoin was low after reaching 1000$ the price quickly fell to 800$ and it happened over and over again. What was happening was the big investors or whales waited for price to reach high and then they sold all their coins and bought at low. Doing this now with bitcoin is hard as the market cap is way more than what it was before so therefore we are going to see a lot like this with different altcoins. It is basically pump and dump.
1. I don't see any ETH dump, it went a little down with most alts and Bitcoin, then it went right up. It should be way down since the biggest ICOs are over for now.
2. The coins dumped on GDAX were from a genesis block, ie an investor in the ETH presale not ICOs cashing out.
Don't listen to media FUD.
2. The coins dumped on GDAX were from a genesis block, ie an investor in the ETH presale not ICOs cashing out.
Don't listen to media FUD.
Simple supply and demand cycle in action. up and down down then up nothing is stable in life. 
no need to say much imho, it's natural to have a dump after a rise because investors that bought early will dump at some point, and when they dump it's most fo the time around 2x what they bought, if you don't see a imminent dump at 2x is because not all of them dumped at that price, some wait more, but in the end everyone will dump for profit
I am very impressed with your detailed analysis
Time to buy then?
Yes, It is. In cryptos it is never too high to buy. Because it is growing and eventually grow further. We see that in fiats we have the governments printing new money causing inflation but in cryptos most of the coins have limited supply being generated on daily basis and the concept of halving keeps their price stable. If you can buy and forget the cryptos you have in stock for 1 year then check exactly at the same date next year and you will see what you have earned is a lot more. That's just one way of making money people have different strategies and they work for them but 1 rule they all have in common Sell on profit only.
Pretty much nailed it, thanks wqqas
anything in this world can goes up and it will goes down after, then it need to take some rest before next jump, just enjoy the ride..
Also this time
http://www.c[Suspicious link removed]m/2017/06/22/ethereum-price-crash-10-cents-gdax-exchange-after-multimillion-dollar-trade.html
This is poor exchange management and infrastructure. People who got the Ethereum @ 10 cents by accident were too quick to exchange in btc not caring about the rate and selling them out @ whatever rate they can get. When they are finished things will be back to normal.
Added to the main article as well.
http://www.c[Suspicious link removed]m/2017/06/22/ethereum-price-crash-10-cents-gdax-exchange-after-multimillion-dollar-trade.html
This is poor exchange management and infrastructure. People who got the Ethereum @ 10 cents by accident were too quick to exchange in btc not caring about the rate and selling them out @ whatever rate they can get. When they are finished things will be back to normal.
Added to the main article as well.
wqqas, you are spot on.
Time to buy then?
Yes, It is. In cryptos it is never too high to buy. Because it is growing and eventually grow further. We see that in fiats we have the governments printing new money causing inflation but in cryptos most of the coins have limited supply being generated on daily basis and the concept of halving keeps their price stable. If you can buy and forget the cryptos you have in stock for 1 year then check exactly at the same date next year and you will see what you have earned is a lot more. That's just one way of making money people have different strategies and they work for them but 1 rule they all have in common Sell on profit only.
Thanks for the article.
Patience is a virtue indeed, thank you for this wonderful article it serves as reminder to newbie traders like me, right now i am holding altcoins til it makes me earn profit, the thing is simple you just have to hold and thats it....
I like it. Patience.
I bought many coins and in the overall, all of my coins value are increasing.
I am not devs and I am not an actual trader, I do trading sometime.
Crypto is growing from simple coin to complex services.
Cool.
Lets change the world.
I bought many coins and in the overall, all of my coins value are increasing.
I am not devs and I am not an actual trader, I do trading sometime.
Crypto is growing from simple coin to complex services.
Cool.
Lets change the world.
Currently this 2 days all market are down.
It is a correction to a previous rise.
There are also some weak hands wanted to go out and cash it.
They do not know after BTC segwit and ETH PoS that crypto ll be better,
The trains will leave them
It is a correction to a previous rise.
There are also some weak hands wanted to go out and cash it.
They do not know after BTC segwit and ETH PoS that crypto ll be better,
The trains will leave them
Long story short, all crypto is speculative at the moment.. Especially Altcoins but even to some extent Bitcoin (we still dont know how it will be fully used in the future)
90% of these coins will fail and 10% of the coins will make 90% of the profit.
People talk about pump and dumps but realistically ETH will have the biggest pump and dump out of them all. Pump when lots of new ICO's start and dump when those ICO's then cant deliver on its promise and have to sell off all their ETH.
Stay away from ETH and invest in bitcoin and altcoins that have had a beta before going to ICO and are trusty developers and will stand the test of time
90% of these coins will fail and 10% of the coins will make 90% of the profit.
People talk about pump and dumps but realistically ETH will have the biggest pump and dump out of them all. Pump when lots of new ICO's start and dump when those ICO's then cant deliver on its promise and have to sell off all their ETH.
Stay away from ETH and invest in bitcoin and altcoins that have had a beta before going to ICO and are trusty developers and will stand the test of time
The article is really good and I ask people to read it. But, in crypto markets, we can't act like we're in forex. Some of the conventional tactics might not work here like selling it anyway if we made profit from it.
Thanks. That is exactly the point of my analysis crypto world is different than the forex. Things go wrong for the people who are coming in to invest and have a forex experience and they try to apply the same rules here for trading and then fall very hard and then this fall is blamed on the cryptos. Whereas this is not the fault of cryptos instead lack of knowledge of the market.
The article is really good and I ask people to read it. But, in crypto markets, we can't act like we're in forex. Some of the conventional tactics might not work here like selling it anyway if we made profit from it.
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