why the dump ? - page 3. | Bitcointalksearch.org

aishyoo17

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Quote from: YuginKadoya on September 04, 2017, 08:17:01 AM

Quote from: aizen10 on September 04, 2017, 07:38:46 AM

Quote from: vince212 on September 04, 2017, 06:28:00 AM

hi guys anyone here who knows why all altcoins are down?

anyone expecting bitcoin to hit 4k again?

alt-coins price are drop down because bitcoin is soon to pump again. i think it is the signal that our bitcoin soon to hit $4k, so all alt-coins are affected for this phenomenon. exactly picture of whale moving underwater with some fish rapidly swim away from whale.

Well it is a chain effect that if bitcoin would certainly goes down the same goes with the other Altcoins but I don't really think that the price of bitcoin will plummet to the $4000 mark value but even if we are experiencing a dip it still will rise up and we can have a sure possibility that it will still goes up this September.

Agree, this situation already happened few months ago though some altcoins haven't recovered from that dump and now its dumping again. Bitcoin in the other side always make way to go up and make new ath every after the big dump.

Tyrantt

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I was expecting a correction in bitcoin price (i mean when it goes up by ~700$ in just a couple of days, it's bound to go down by a little soon) but reading about the chinese ICO ban now, I'm waiting for the price to go back to $4700 soon or some alt-coins like ETH to jump up. Final exams really get you behind on the news... :/

hua_hui

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Quote from: Metoo.14 on September 04, 2017, 08:18:06 AM

I think that's the end of the bubble, when it's so high there's no end to it, so it's back to normal in the crypto market.

You are right in a way that right now, there is huge hype with ICO. People are buying ICO one after another one and expect to flip x2 or x5 immediately after the ICO sale. So now everyone is rushing into the popular ICO and creating inflated marketcap. My blockfoilo was hurted badly but i am glad that it burst this bubble. In the long run it is good for btc and alt coins.

Cindy1983

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I think it's normal. The market dumped and pumed everyminute that how trader make profit. I think if price of all coins on market always go up there will no way for trader eaning anymore so they should quit trading if it happen

)

alyssa85

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Quote from: MV7 on September 04, 2017, 07:15:46 AM

Besides the Chinese ICO ban news, I think 5k is a pretty big psychological barrier in terms of just the bitcoin price. Might take longer than a lot of people expect for bitcoin to break 5k.

Yes. People were looking for an excuse to sell because the price was getting toppy, and when the Chinese news came out, they sold.

hua_hui

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It is due to the chinese news that they are cramping down on all the ICO originated from China. They have ban the ICO and even suggest these ICO fund raiser to return back the money back to the investors. This triggers the sell off of a lot of alt coins especially like NEO which are related to china and was believed to be the next china ethereum. Even other alt coins like omg, qtum, and many alt coins were affected.

A few hours later, even the South Korea also have issued a similar post regarding the ICO in their country. So people are FUD and cashing out of the crypto currencies.

Metoo.14

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I think that's the end of the bubble, when it's so high there's no end to it, so it's back to normal in the crypto market.

YuginKadoya

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Quote from: aizen10 on September 04, 2017, 07:38:46 AM

Quote from: vince212 on September 04, 2017, 06:28:00 AM

hi guys anyone here who knows why all altcoins are down?

anyone expecting bitcoin to hit 4k again?

alt-coins price are drop down because bitcoin is soon to pump again. i think it is the signal that our bitcoin soon to hit $4k, so all alt-coins are affected for this phenomenon. exactly picture of whale moving underwater with some fish rapidly swim away from whale.

Well it is a chain effect that if bitcoin would certainly goes down the same goes with the other Altcoins but I don't really think that the price of bitcoin will plummet to the $4000 mark value but even if we are experiencing a dip it still will rise up and we can have a sure possibility that it will still goes up this September.

kucritt

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Quote from: BillyBobZorton on September 04, 2017, 06:36:29 AM

Quote from: vince212 on September 04, 2017, 06:28:00 AM

hi guys anyone here who knows why all altcoins are down?

anyone expecting bitcoin to hit 4k again?

Check the news buddy... Chinese ICO ban is causing panic selling all over the place. Bitcoin was in a correcting phase within itself for some reason, now this just made it worse.
Don't fall for the panic, the sale of Bitcoin is not justified by these news. Chinese banning scammy ICO's is actually good for BTC, because people will hold their BTC instead of gambling in the ICO market.

Hold on to your coins and buy the dip, we will be back up stronger than ever after this nonsense.

hmm i think its a big problem if chinese ban all about ICO and restrict all of about ICO, i think people in the world panic because of that, and make bitcoin rate is down... i hope in the next week bitcoin rate is higher than now.

chesegrinder

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dont panic if bitcoin will down to 4k as it was 400 USD before... There are factors that bitcoin price is affect by the chinas ICO banning but I think it probably affected is Altcoin especially ethereum . but as I see in the news [in my own understanding] not all ICO is banned by China those who are suspected ICO scam are one who kick off. Jack Ma will be piss off if all ICO will be ban in china as this prominent Billionaire are invested millions in ICOs

lighpulsar07

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Well i think the drop is caused by a price correction since bitcoin is reaching all time high time highs last week so people cashing out their bitcoins and china is banning ICOs to their country bu t i don't think that contributes to the drop but i think this a good time to buy bitcoins before the pumping begins again.

aizen10

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Quote from: vince212 on September 04, 2017, 06:28:00 AM

hi guys anyone here who knows why all altcoins are down?

anyone expecting bitcoin to hit 4k again?

alt-coins price are drop down because bitcoin is soon to pump again. i think it is the signal that our bitcoin soon to hit $4k, so all alt-coins are affected for this phenomenon. exactly picture of whale moving underwater with some fish rapidly swim away from whale.

cynical

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I see on coindesk that isreal are also looking at regulating ico token sales this is all bad news for some ico sales i think

no0dlepunk

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Quote from: vince212 on September 04, 2017, 06:28:00 AM

hi guys anyone here who knows why all altcoins are down?

anyone expecting bitcoin to hit 4k again?

Go to cointelegraph's website and you would find out something relevant to your question. I agree with the replies above mine, since ICOs are banned in China, people are selling their altcoins to fiat (not to btc because they had probably seen that btc is going low).

Regarding bitcoin hitting 4k; man, I don't know who's gonna love that... unless you are a newcomer and would like to enter bitcoin for the first time. So far it seems like there is a support @ 4,300 and resistance @ 4,700. Correct me if I am wrong.

Carlsen

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The ICO ban in China is like a general hit to the crypto currency market.
All those newly created coins brought money into the market. Now they can't do that anymore.
That's why money leaves the market of crypto currencies now.
Some investors fear that this might be the beginning of the end of the booming phase.

Siren

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Quote from: RayvenPierre on September 04, 2017, 07:02:43 AM

Yeah this was caused by the Chinese banning the ICO market which cause people to panic and sell their bitcoins. But I'm pretty sure bitcoin will be able to bounce back and I think that we should take advantage of this to do buy and sell.

If the banning of the Chinese government of ICO because of its illicit activitiy that cause the subsequent dump, then is one indication that the Chinese still have somewhat 'control' of the price movement of bitcoin. So we may expect the dump for more days to come before we may see green again.

Quote from: cybersofts on September 04, 2017, 06:48:05 AM

Quote from: vince212 on September 04, 2017, 06:28:00 AM

hi guys anyone here who knows why all altcoins are down?

anyone expecting bitcoin to hit 4k again?

Well, Muslims are celebrating Eid-Kabir worldwide where they normally spends a lot of money on celebrating that lead to slaughtering cattle, camels, rams and other higher animals as well. I think that is one of the reason that causes these massive dump in the market on both bitcoin and Altcoins.

I disagree with you. Are you saying that Muslims will dump their bitcoin to bought animals so that they would have something to feast on this event? I don't think so.

Quote from: MV7 on September 04, 2017, 07:15:46 AM

Besides the Chinese ICO ban news, I think 5k is a pretty big psychological barrier in terms of just the bitcoin price. Might take longer than a lot of people expect for bitcoin to break 5k.

Most likely. Its like $3000 before. It took us months to break this wall actually. If not for the Aug 1 split, we may never see that wall broken. If this can be applied again, bitcoin will took months just to get to $5000 and see if this could be sustain by then.

MV7

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Besides the Chinese ICO ban news, I think 5k is a pretty big psychological barrier in terms of just the bitcoin price. Might take longer than a lot of people expect for bitcoin to break 5k.

RayvenPierre

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Yeah this was caused by the Chinese banning the ICO market which cause people to panic and sell their bitcoins. But I'm pretty sure bitcoin will be able to bounce back and I think that we should take advantage of this to do buy and sell.

Xenoph0bia

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Quote from: OmegaStarScream on September 04, 2017, 06:54:31 AM

Quote from: vince212 on September 04, 2017, 06:28:00 AM

hi guys anyone here who knows why all altcoins are down?

anyone expecting bitcoin to hit 4k again?

It clearly because of the Chinese ban, this only touches the ICOs but maybe people are afraid its going to affect crypto that currently exists. I still don't think bitcoin will suffer from this though.

Quote from: cybersofts on September 04, 2017, 06:48:05 AM

Well, Muslims are celebrating Eid-Kabir worldwide where they normally spends a lot of money on celebrating that lead to slaughtering cattle, camels, rams and other higher animals as well. I think that is one of the reason that causes these massive dump in the market on both bitcoin and Altcoins.

I'm a Muslim and I honestly don't know how you came to this conclusion. The Eid is nothing expensive and It was on last friday, It wouldn't make sense to see the dump happening now.

Lol, agreed with you. Eid and correction in the bitcoin price has no relation at all and it does not make any sense. I also think that, the chinese ICO ban has created the panic situation and few investors has sold their coins in the fear of loosing the money.

OmegaStarScream

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Quote from: vince212 on September 04, 2017, 06:28:00 AM

hi guys anyone here who knows why all altcoins are down?

anyone expecting bitcoin to hit 4k again?

It clearly because of the Chinese ban, this only touches the ICOs but maybe people are afraid its going to affect crypto that currently exists. I still don't think bitcoin will suffer from this though.

Quote from: cybersofts on September 04, 2017, 06:48:05 AM

Well, Muslims are celebrating Eid-Kabir worldwide where they normally spends a lot of money on celebrating that lead to slaughtering cattle, camels, rams and other higher animals as well. I think that is one of the reason that causes these massive dump in the market on both bitcoin and Altcoins.

I'm a Muslim and I honestly don't know how you came to this conclusion. The Eid is nothing expensive and It was on last friday, It wouldn't make sense to see the dump happening now.

Topic: why the dump ? - page 3. (Read 1927 times)