Bitcoin Forum

This massive dump of btc leads to the massive market down.
How long will this remain and market will be normal. Any idea....?

The correction is already over m8

Poloniex market is going down and down....LTC XRP STR....

zec - digibyte maybe xrp

I'm not very confident about the next days.
I am what we call a newbie (maybe a noob) in this world, but I just sell almost all my positions and withdraw some €€€.

Some say there a ton of new buyers coming with fresh cash in this market, but I have the feeling that the whales are still holding all the cards and therefore the future trend is hard to predict.
Maybe, it will bounce back hard tomorrow, maybe the dump will continue for a few days (not weeks though).

Predicting is quite hard, as this big spring bullish trend is totally new in this market.

there's a rumor saying that the Chinese government will issue some new policy about crypto exchanges. I don't quite believe it, or at least you cannot say it will be a bad news atm, but the market overreacted to it, while the Chinese government has not said anything yet.

no one cares about china any more. the pboc took it out of the game. the only question mark is what happens if all those coins are released. i'm sure it's a decent number. either they carry on trading or dump and run just in case.

This is the time to buying bitcoin at an accumulation price as bitcoin and others coin are at the correlations face. The next thing that will happen is that from next week another face of bitcoin trend will start an at this stage it may touch $3,000 before another pull back again.

Buy BTC right now and make money in 1 month  ;D

haha they are already going back up, but trust me i felt the same few days ago :D   
my theory is to look at all the money in the ecosystem, Bitcoin no longer holds 60+% of the total crypto marketcap, Alts are a big part no more than ever, MEANING: We will see the insane volitility traders and whales create for profit, ride the waves boys! :D

Not finished yet I think next stage is fear.

Ethereum and Bitcoin are up big today and this guy thinks the correction is still going...lulz

where I live here, in the newspaper I read an article last week about our Central Bank stating they do not support cryptocurrency and if anything goes wrong, don't come blame them.

Guess what coin they took as example? Yup.. OneCoin !
And ofcourse when you go on google and do a simple search you will see how its a scam..so people will look away from cryptos because our central bank knew how to make a nice article to feed fear.

no it has nothing to do with the bitcoin price drop, that was a correction because of the fast FOMO rise in bitcoin.
the massive dump in altcoin was because the altcoins are pump and dump! and there is no such thing as normal when it comes to altcoins. most of them will continue to fall if they haven't already and others will have some bounce backs.

the worst part is when the whales stop dumping and wait for the orderbooks to get filled with some buy orders and as soon as they reach an acceptable resistance they dump on them to be able to sell at a high price without losing much.


your country is so late. or maybe you haven't read this before. but every country has issued warnings like this. and it is always about bitcoin, they don't even care enough to mention an altoicn :) and for a good reason since altcoins aren't really being traded with fiat despite some of them having the market.

and the warning is just telling people about the "volatility".

So there is no estimation of market up

That's an understatement, the bubble is growing bigger than it ever has  ;D

bubble or hole :D

With Bitcoin difficulty going up 12% in the next 4 days altcoins will prob dump.

5 days already, it seems most altcoins are going up

Good joke, nothing is stopping this train. That last dip will be the final one we see for a long time

They are not going up with the same speed as they were, right now they go much more slowly and progressively. It a good thing :)

It could also be a sign that whales are gone and now its just the regular folk pumping these coins. The bubble is about to burst imo. Just get out while you can.

The dump has not started yet and it will last too long.

I've noticed most altcoins are back on the rise. I'm curious when they're next big drop is going to happen.

Its not

We'll never get the opportunity to buy cheap coins again like we did a few weeks ago

In this market it's deadly to go short.

The fearful will buy houses while the guys with balls party on their yachts.

The next bitcoin correction will see all of the alts come crashing down like a few weeks ago. It happens and has happened so many times in the past. Just wait for it.

I think it might happen when BTC breaks $4000.

anyone who thinks altcoins will fail doesn't understand the market very well

in my humble opinion

Remember the last correction, which happened more than a week ago? The prices came down steeply. But after 2-3 days of stability, they went back to record highs. This means that the demand is still there, and at least a part of the demand is coming from the big fish (i.e the billionaires, hedge funds, and the institutional investors).