Bitcoin Forum

Hey guys, as you know all the major Alt coins and major coins like BTC,Ethereum,LTC etc.. have been dropping heavily.

Do you guys think its a correction ? or a Finally the Bubble is Bursting?

Depends on the coin. For many the bubble burst it looks to me. Some will get some growth, but most coins I check upon are in a bear market now. Whether it be a bubble bursting or just bear season for a while (not all coins were bubblish).

Well I have seen whats happening in market in past specifically 2013 when it crashed like that in 1 day and than bounced little bit and than kept crashing not sure if the market is any different for BTC, LTC Ethereum etc, but it could be the beginning of the end for all cryptos until smart money will prevail.

Lets say it like this: it's definitivly the beginning of the crash

Depends if it can recover and if the prices make new high than you know it will continue, if it fails to break and make new highs but stays stable around current levels I think it will be fine.

For a proper crash it needs to go under $1500-$2k for BTC and $100 for ethereum and $20 for LTC than will know the party is over!!!

No matter what happens new high or not, it is the beginning of the crash. Simply as that there is 0 chance that it will "stay constantly" at this level. Sorry bro thats not how markets work.

I think it is simply a correction. Time will tell. I am not yanking my btc or alts out at this time.

Bro I know how market works, but we are in a crypto-bubble the only thing is we won't know it popped until it pops and bubble can continue for awhile. my favorite quote, " Market can stay irrational longer than I can stay solvent"

The markets have gone up a lot but not as much as they have in the past before a crash, I think this is just a correction and a bigger crash will likely happen in a few months time. The thing is there is still so much new money flowing in to both bitcoin and alts, people are still waiting in line to pour money into exchanges who can't verify their identities. Until this flow of money dries up the crypto market will still be in long term bull mode even if there are corrections along the way.

On some coins it's a correction and some the bubble just Burst it happens to every coin even bitcoin correct it's price after a big pump but that doesn't mean the burst just ended,burst only happen to scam and pump and dump coin.

This is not any market. This is BITCOIN. $1 to $2700. Grow up and stop being a slave to the man, or you will always be as poor as you are today.

It's a very simple correction. Some says that it is a bubble, let's assume it's a bubble and it burst a while ago. And now it's starting to recover again with bitcoin's price. If you still have the fund to buy the alt coin you want or bitcoin. Just go with it and follow the trend, many experts are telling that go buy now.

I think some of the coin the bubbles is bursting, some of the coin only up because of pumping, and some of the coin only down because of the correction, some of the coin won't go down for a long time, the coin with a transparent project and with a lot of investor like ETH or litecoin will continue to go up after short falling and bitcoin for sure will go up

I don't think the bubble has burst yet, but I think yesterday's massive crash was a sign that the market is a bit bubbly.
Alts are obviously in a massive bubble, especially the smaller alts that now have several hundre millon dollar market caps!

I think there is life in the bubble yet though, I wouldn't go all in on Alts (I never would!), but I think there could be some time left in this bubble.

Bitcoin is not the only market that can make that kind of moves.. There are many publicly traded companies that made insane growths in short times.

The major difference is that they all had a set starting price. This does not take into account the value of the shares at the conception of the company. We only see the value and rise from the moment it is publicly traded.

Uh suprise a couple of hours after my comment it happened ... so much to "irrational"...

its little correct, have look on orders many people sell little value BTC, less but ritch people but with high voltage buy BTC and other  ;D

I think altcoin has more chances of being burst than bitcoin. Altcoin has been pumping in the last couple of weeks now and it looks like the burst is happening. One thing I don't like is that there are big whales working behind to try and manipulate the price of altcoins then suddenly dumping it. I guess it's the nature of crypto's, strong hands always win, weaker hands, losses.

Makes me wonder should I sell my Alt coins or hold on to it?

This is a correction not a bubble burst, lots of new/nobo money came in recently, some are tkaing profits others are fuddign and getting out with losses. There is no bubble at all. There are no bad news nor anyone expects Bitcoin to go under 1000 ever again

Seems like the correction has ended. Maybe good time to buyback now  8)

I also want to believed that what we are seeing is not a bubble  that is bursting. But the way I see it, the dumping started with bitcoin and soon other alt coins has followed. So for me, its a bubble. But I still high hopes that we can go all back in track in coming days slowly and not what we see in the past weeks were the price rise much faster as expected.

The weak hands will exit and the true believers will remain, you can either call it a bubble burst or a correction but the matter of fact is eventually it will go back up for any coins that have true value.

yep the marketcap came up from 57b to 63b last houre

That's why I'm buying into coins with values and real world application. Those are sure to bounce back

Yes this is a correction. But their prices will not stay that way. I hope they will rise over time.

We all hope so, hopefully rise back

Stratis kep most of its value, most coins decrease 50% while Stratis is atm less than 30% down. Project with an awesome team, really!, and real world use cases. Bringing new tech to crypto next month, June.

You can see the crashing of the prices already slowing down. Whether this is the low point and we'll stay at these prices or get into a new bubble we'll see. Might also resume falling down if this buy support doesn't hold but so far it seems many people are eagerly buying into different coins now, cause they're cheap which means the general belief is that they won't get much cheaper.

Not all but some coins were in a bubble such as Ripple. They burst those overvalued coins, others look fine as USD terms.
This may be a short term correction for other coins but we'll see next 2 weeks if bull run end here or go on crazy like that.

holy pump! Its going up again :D
im not sure how to trade this.. expect another wave down and sell, or buy more for case that correction is over?  ???

anyway, there is a nice volatility now  :)

You try cost averaging if you still have the funds. If not then hold those coins you think have good potential in the future. In crypto I was trained to have hands of steel to survive.

Actually, altcoins started crashing first (starting with XMR) and a while later BTC followed

Around $2000 is normal for bitcoin now. There might be some fluctuations but I don't think it will be hard.

Seems that the correction is over and everything is moving back into the green

Coinbase had  40.000 new customers trying to sign up in one day and could not handle it. Everybody wants to enter crypto now, could be still just beginning of a bull market. I invest only in the holy trinity of crypto: BTC, XMR, ETH and feel safe in those.

and this forum is seeing most active month (new posts+threads) since 2014..

Exactly and I think we are due for some sideays movement before the next pump to take us to 3k$.

If BTC goes below $2000 then people will start with the sell panic

some panic below 1800, real panic below 1300. not 2000, it already was  below 2000 tomorrow

For what I am understanding during the dump, it is only minor correction, but right now, more new people are getting panic because of the low price and made them panic selling, which cause them to lose more money. anyways, i hope it will be a great lesson to everyone :)

The dumping still continues but I don't see the price of bitcoin dipping to $2000? Bitcoin holding? I think the market is now back and we will be back again to $2200-$2500. That's how bitcoin price is very resilient and can recover too quick as well. Price going to the moon now.

It deffinetly will be a lesson. Sold ETH Classic for 10$ worst price, but next time i will wait a little bit more and don`t get paniced :D

It's correcting. Hope this trend continuous

you just said what I wanted to. of course there are bubbles, the risks are accumulating, but not yet time to burst atm.