Bitcoin Forum

Any incoming nuclear war ? Or any worldwide bad news that we should know ? WTF ? ahahaha

lol , it means = best buying opportunity , VERY cheap coins , i'm buying ETC and ETH

Just sent more money to average my btc , buying good amounts of bitcoin to cover my losses and diversifying in ETC , ETH , ZEC

If all coins are down for the moment. It's the best time to buy any currency at this rate mate. We stock some coins at low price and we sell them at high price.

This is a sign that bitcoin has started reacting to world events and not only bitcoin but others coins also. For your information, 24 story building was engulf with a great fire yesterday in London, many fear death and property worth millions of pounds destroy. Another event happened in usa yesterday were 3 people were shoot by a gunman, one of the casualties was a congress man. This two nations are in mourning and trade activities is very low.

anyone got any real ideas why ?? has the bubble been popped?

go back about 2 weeks in the altcoin board and look through the topics that were posted then. with the subject "altcions are in a bubble, be careful". and you'll see what the reason for all these drops are!


good luck. because to me it seems more like the start of the dump of these two. and also pretty soon all the ICO funds will be released to their owners and they won't hesitate to dump it specially since they are seeing the drop and wouldn't want to lose anything.

Every situation presents its own opportunity whether to be missed or exploited and that's exactly the case and when the price increase by say 30% that does not mean poverty has stopped in the land or crime has reduced in all climes of the society. The price swings is just normal the best is for individuals to see opportunity in every situation.

Meh. This was very expected. It's been a pattern for bitcoins and other altcoins since like forever. It skyrockets, then crashes a bit then rebounds after a few days. Look at ethereum's current price. It crashed by like $60 - $70 and rebounded immediately at the same day lol. It would take a few days or a few weeks for bitcoin to go back up. But hey, more opportunities to buy at a lower price!  ;D
https://i.imgur.com/7aNm1FQ.png

Bitcoin is affecting all other coins' value, there is no doubt that other coins are not independent from bitcoin yet, as usually when the price drops there we see the "it's a good time to buy now" yes it is but we should think also that the price can go lower but as usual let's hope that the price will go up again and now reaching the $3k.

Thanks for your kind advice :)
I'm glad i didn't follow it , i bought ETC/BTC this morning and i  already made 1,000 $ profit , and still holding it :)

Of course for long term investment i will keep my capital in btc , but for short term trading : ETC/BTC is making me high daily profits

Yep me too , i bought ETC/BTC @0.0068 , i'm up with 600$ profit  and holding :)

this is normal to the world of cryptocurrency,and this is a good opportunity to buy low and sell high and there is also bad news of bitcoin that there might be a split and if this occur we are going to have 2 phase of bitcoin just like Etheruim and etheruim classic,

Large scale dump just happened, and Bitcoin is mostly affected due to various rumors and recent Hard Fork news. Newbies are reading various negative comments and this should have lead to this fall. Though it is a kind of opportunity, no doubt.

Probably their dumping because bitcoin is dumping too. Or at least bitcoin has something to do with mostly all the alts going down.

Why do you think this is not normal? When all the coins making 30% up each day, that was okay, right?

it is just a cycle, altcoins get pumped then they enter a bubble because a lot of newbies rush to get rich and then when things become critical the bubble bursts.
this incident was intensified because of bitcoin drop caused by yet another block size drama.

and here is a nice little photo for you:
https://upload.wikimedia.org/wikipedia/commons/thumb/2/2d/South_Sea_Bubble_Cards-Tree.png/575px-South_Sea_Bubble_Cards-Tree.png

You mean to say about the bitcoin price fluctuation correct! Yes, we need to agree both the bump and dump to have healthy growth in bitcoin. Even I checked the price, with in some days bitcoin down to 2500$ and little more. I and you all knows that bitcoin price will recover back. You utilize this time and buy some bitcoin or high cost altcoins now. In week also profit will find your savings.

Already i bought "XDN" coin,,  just Buy & hold  ;D  ;D

This is the reason why altcoins and bitcoins is down you can check here: http://www.coindesk.com/sea-red-top-10-cryptocurrencies-see-steep-declines-market-turns/ . This is the good time to buy altcoins and bitcoins at lower price

It's a worldwide problem even stock markets are also in bloody week. But I can see now that bitcoin is already on a comeback from $2,170+ it is now at $2,445 so we will see it very soon the price will be back at $2,700 and will be trying to break the wall of $3k. Just be patient and don't panic people.

Nothing is found specific. As most of the digital currency value has begun to decline, it's surely an fall to the entire group of people who have been depending upon the cryptocurrency. Hope this regain in a short.

can you explain how?
here is what i see based on time of your post compared to times on the chart from bittrex, both of them are in my local time.
i'm just trying to understand how you bought ETC in the morning of 15th and made $1000 profit and price has been dropping all that particular day

also the biggest profit was 8.5% from June 13 the very bottom to June 14 the very top!
and to make 0.4347BTC profit you should have bought at that very bottom and sold at that very top. and have invested >5.11BTC
so your timing and prices don't match each other!

https://i.imgur.com/bIQcMMi.jpg

I don't think there is any incoming nuclear war, just that bitcoin and crypto currency in general has gotten to the level that it reacts to world events both positive and negative events. I believe this happened as a result of the attack that happened in United State of America and the fire outbreak in London which I think makes many trader to stay away from the market.

It is simple just like that , but still really hard to put a buy position while you are in fear.
Fear to see the price and the market free fall deeper than the current down price.
It could be keep dropping more than 50% or even more noone know right? Just always make a backup funds when you want to do this.

Well, I ussually use 50% Balance to buy altcoin and trading everyday, but hold 50% for wait the price on market down all. Just wait and I can take profit 10-50% after that. I think in one week maybe have 1 or 2 times breakdown price all, and just wait that for buying cheap price :)

The highlight of the article is this:

What it really implies is that the market have long been overpriced and overbought and drop in price had been long coming. All the same, it is nothing uncommon to see market react in such manner. as a matter of fact, savvy traders have been waiting for a time like this, when coins become cheaper to buy again.

haha! Nice chart!  :D  ;D The only problem with the chart is that you can only label it in retrospect.

I dont think that the main coins are down, you can see that ETH, ETC AND DASH all are all time high only their is a profit booking in BTC but it is also recovering.

Last time I checked Poloniex, all coins are in the green color. And it looks like they are already recovering from the said crashed. With regards to the crashing, we can only speculate things like the bitmain statement that may have contributed to the fall of the market price. But good thing though, it was only short lived.

Thats the thing in fiat everything lost out when bitcoin had its correction. The simple matter of fact is that when bitcoin goes down in fiat terms, nearly all altcoins also lose because their biggest trade volume is done in bitcoin.

I would say don't panic and hold your coins, or if you can just buy some more. I will sure by some ETH, because I really think they will continue going up in the long term. I would by some more BTC as well, but I will wait a little longer. I think buying alt coins is more profitable right now.

I guess it just panic selling because bitcoin price fall down, i saw some altcoin not getting down even bitcoin price fall down. Not need to panic and stay cool to keep your altcoin

Just zoom out on the charts, for monthly or more and you will find that even in 25/30% deeps many coins are still very hypped. Dont know if they will hold the value or just burst the bubble, but the profits keeps coming in ALMOST all the time.
For a disclaimer im holding without profit Bestchain coin, pivx, and litcoin.

It just speculation, sometimes because of news or weekend. The price going down is the best way to find where's to point we can buy again, that's fact. No way the price will always comes up, so you should thank you for other people who make the price go down. Maybe you replace all your money into one coin, so when the price going down you are panic. Don't worry, juat wait and see price action and prepare to sell. Just calm down and have a nice day.

This is easy corrections because price of bitcoin down.
after this, price of alts down too..
don't worry, because bitcoin rise soon and will be ok.

It is not a hard concept, you made up the fact to support whatever you are trying to convince people of or to just start a thread because people can't just NOT be doing something.   All exchanges show about 50/50 price up and down and they showed the same thing at the time of your posting. 
 

Perhaps next time your drama queen need to not be bored can be less "concrete" and the BS will not be that obvious. I love the use of the word "all" that nearly every time locks in a lie.  There are very few "all" statements that can be made and are not basically wrong. 

That is one of those words packed with danger, like "just", the single word that has the uncanny ability to make a person feel that their wrongdoing is not that bad...."I was JUST trying to help..." or whatever, because self-justification has a sound, it is "just".

I don't think so... Hihihi.... All of altcoins down by 20 up to 35% because of bitcoins price goes down too
i think that the causes the altcoins down, traders safe their coins in fiat money, and dump of altcoins are good
due to that is time to buy altcoins cheap, and the price is rebounce right now.

Do you guys think it will be going to moon all the time? This is normal. Just try to take a position while prices are decreasing and make short positions in exchanges.

This is pretty normal for the all coins in the market to experience loss because there is what we called panic selling where the people panics when they see a huge dump in the price and they just selling their coins even they are selling it for a lower price and getting such a big loss. Most of the panic sellers are newbies or they don't have any strong knowledge about this kind of market so they are just confused to their investments.

that may work with bitcoin and on rare occasions on bigger altcoins but generally speaking when it comes to altcoins and the dumps, any position there is like catching a falling knife!
you are underestimating the power of panic selling. you can take a look at bitcoin and see how powerful that is. it caused a big drop from $2900+ to $2100. you can't imagine what that is going to do to a tiny altcoin who nobody believes in!

I don't really think so. Previously btc was stuck at a much lower rate and i think people have just gotten used to the consistent price rise of btc that's why some are not at ease anymore of whether to still hold on to their bitcoins. Though i think by the end of thia year, bitcoin may still have a couple of good runs and can reach beyond the 3k boarder at a more consisntent rate just like how we are today at 2.3 to 2.5k

Yes there is no 20 to 35% down in Bitcoin price. Once it reached the tip of $3k but immediately it came back to normal price. Actually, we are in big profit now. According to all people guessing the BTC price will reach $2k this year end. But our good we got that opportunity very soon. So I don't feel that any big changes happened in BTC price.

Probably right.
I don't know why everyone here is always in panic mode when there's a sudden fall in crypto currency.
Can we just calm down and always analyze the news.
Let's take it on the positive side, maybe it's the only way saying that this is great opportunity to buy btc in
lower price and profit a lot in the future.

If all coins down by 20 to 35%, that a good chance for me to buy more cheaf altcoins. I think most of the expensive altcoin will goes
down then if that happen I will buy them for sure.

People are just too much speculating without seeing the fact that this dump is really a normal thing, maybe they're worrying their money which still trapped in form of those coins which were dumped but actually it's not.
The circumstance is really different with few years ago that once the dump occur, people will sell their whole bitcoin in exchange of USD, today, when the dump just occur, people are seeing this as an opportunity to get a cheap coin and waiting for the upcoming price increase, you can see that the dump doesn't last long.

I also noticed that too. The crash is  typically short lived now. Unlike before that when the panic selling starts, it usually go down very fast and stay for very long. But now, only just a couple days and it will just stopped and the price will also recovered very quick. I guess people find this a perfect opportunity to buy back bitcoin.

What? I'd say all other coins are much more in a bubble than Bitcoin to this current moment!
To the old ATH (~1200) we are barely up 2x! The altcoins are up 10x, 20x, 30x, 100x.And they have almost no real use cases or advantages to Bitcoin! In addition to that are all those crazy ICO scams! When that 2 bubbles (altcoin and ICOs) burst, this could mean a massive slingshot for Bitcoin and push it up $10000! Then we can speak about a bubble in BTC! Take Bitcoin's long term chart, zoom out in log scale and compare the actual situation to the precious bubbles in 2013, 2012 and 2011!

Traders will love this moment. They will certainly buy a lot of altcoin. They expect to get a high price when selling the altcoin.
This can provide a great advantage if everything fits into the plan.

Indeed, that's a great chance to grab your bag and buy cheap altcoins because there are a chance to get bubbled and pump up later. Although, it may take longer time because panic sell or big whales dump this coin.

What plan ?

For some big traders this opportunity is what they are waiting for. If the price of the coins goes down. This is a perfect buying opportunity for them. They just need to go with the flow.

That might work too and similar to having a backup funds right?
To anticipate something you don't want , something unexpected like what is happening recently in altcoin market.
You have to prepare yourself for the worst scenario , as while you waiting instead the price recoved it is keep dropping deeper.

Like me. I'm not a big trader and my budget is very limited but I always see the prices go down so that I can collect more coins with cheap prices. That's a good method.

Interesting. This article says that it's due to a market correction and may be only the beginning. Looks like there is a deficit in the current value of cryptocurrencies vs. trader confidence.

Its because bitcoin's price has an indirect effect on altcoins as well I suppose. Many people directly trade btc to altcoins. This months bubble and dump of bitcoin might have been the reason for indirectly affecting altcoin prices.

It's just a normal correction in price after weeks of big price increases. These cryptocurrencies will have price fluctuation especially while they are relatively new to investors.

Corrections will happen after long runs of gains. The price rises to high too quickly but the drop is a good time to buy cheaper coins. The problem is predicting the bottom of the dip.

This is why people can earn money from altcoin trading. If those ups and downs would not happen then there wouldn't be any profit for altcoin traders. Many people earning good money from trading. No need to be busy about the reason why alcoins drop better buy whenever they drop sell whenever they up.

LOL,I think it is just because of the huge amount of holders dumping their coins,And I think it is the best opportunity to buy some.
We should try to buy some while it is still at a low price and sell it when it pump to make some profit. 

Shorting is not really a good option at least to me, the market at the time is very unstable and I think it is going to be for quite some time, the best thing to do is try to take refuge in the most known coins, Bitcoin, Ethereum, Litecoin, and other coins, sell the coins that are not well known, you should have gotten your earnings already anyway.

Altcoin market is more riskier compare with bitcoin trading as we know that their value extremely volatile.
But for some point , people may have advantage from altcoin trading but not many people able to obtain big profit from as my friend also experience this.

Yeah, if you compare Bitcoin with all other altcoins, but I think that if you just stick with the top 10 altcoins on Coinmarketcap, the risk is similar to that of Bitcoin.

Actually, the value of those altcoins is pretty tied to the value of Bitcoin, meaning that when Bitcoin prices you down, altcoin prices follow suit.

Of course it would go down.
Even more than that,because bitcoin pullback and altcoin bull already exhausted.
Slowly they will back to their place until another time or another big retrace .
If you dont want to lose it,just hold it in a year or two years

The reason why altcoin trading is more riskier compared to bitcoin trading, is heavy manipulation by big players and dev teams. Even bitcoin trading sometimes getting affected by whales, altcoins markets are almost every day being manipulated by those dev and whales. That is the reason we can see drastic dumps and pumps are happening with altcoin tradings more frequently.

Those traders who are taking decision similar to devs, getting profits and are sharing about their profitable trading with altcoins to others which gives an image of altcoin trading is profitable.

i think its normal if we see that almost all coins is down by 20 to 35 % and i think its because of bitcoin price is increase more so the altcoin need to make correction price. i don't know if there is any other manipulation from big whales or not, i only watching from the market and if bitcoin is down, then its the time for altcoin to gets increase more than before. so, i hope we don't have to gets panic when we are seeing the altcoin is down, just relax for a while, waiting for a day or weeks, then the price will be back normal again.

I feel its the hype that is not ending. Most of the altcoins are coins which now have value due to nothing. I mean seriously I consider most of them as ponzis, and none of them is every going to be replacing bitcoin. Hence the price falling is no big deal.

Even yesterday, ANT fell like 40% in value over night, just because of one bad news. That shows that there is no real value except for speculation which drives the price up or down.

Basically this, this especially likely if the coin is new or if the market cap is low, in fact to be a whale you don’t need to have millions of dollars, you can be a whale in a coin with low market capitalization with as little as few tens of thousands, this is why many don’t like to hold altcoins since the risks are greater when it comes to market manipulation than the risks that you face in bitcoin.

This is due to some news plus the correction of price .Are you don't happy? You can buy at very cheap price of altcoins .Its a big opportunity for us and it is buy time ,buy as many as you can that are good coins . The price was still so volatile and we can't assume when it will rise .Just have a big patience and it will be worth the wait.

We should totally be happy, let us not look at this as the market is crashing because it will not happen anymore, it's normal to see the dump and all is because of wrong news of information where the whales also ride with it to make it to their advantage. I guess we must be smart at this time, buy according to your limit and enjoy the profit in a short period of time.

I already forecasted this big downtrend for altcoins. There is a reason behind this global crypto downtrend. Investors are looking for cheap pirces to boost ROI  and corrections are best opportunity for this purpose.

There's nothing to panic. It has happened in the past too and everything will be normal very soon. I'm holding a few coins which are in red but I'm not going to sell them in loss and that's my advice to everyone don't sell what you holding in loss. Yes it's a good opportunity to buy.

i thought all coin make some correction.. and this is a big opportunity to us.. then we can buy some good coin now.. cause almost all coin cheaper.. i trust later all coin can up again and its price normally..  ;) ;)

Yes, don't get panic it is common in cryptocurrency last time also it drop $2000 and came back in one day at $2500. So don't do panic selling you will get the loss. Actually, those who have experience in bitcoin trading and those who used in Bitcoin since last few months they can understand this situation. Only the newbies don't experience this situation. 

Well, not anyone want sell altcoins they have with cheap price, but if you are a Margin Trader, you will very scared when Margin Call and your Balance can sold all anytime. And I'm one of them :'(

Never fall this trap.. Smart trader should know exact time or price for  exit and enter orders. Prices will decrease more with panic selling but cheap prices mean good opportunity to buy altcoins.

Indeed it is good opportunity. Im also going for ETH and few of the selected coins. Im getting ready for huge profits. The dumps have to be there to cover up the losses that I had previously. I have made lots of mistakes in last month by investing at higher prices well I was thinking that prices will go even higher. But later I came to know that was really bad move. Lol! Now I am going to be very cautious and will invest step by step with current dump. I have chosen one of the greatest coins and ICO tokens to invest in and I'm sure that they will pay me back my losses plus huge profits too. :-)

That down fall was over and we see another up trend again before another down fall again this week. I think crypto currencies market is trying to create a pattern and channel for future trading technical analysis. Without this crypto currencies has no future if the price keep on pumping up without a correlation.

Nothing relating to news coming out but something like this was bound to happen when it comes to altcoins, you can't be expecting growth like this to continue for THIS LONG. We're just sitting here while all the altcoins were hitting more and more all time highs-- it was bound to all come crashing down at some point, and personally I think this is a small crash that isn't something that's really going to stop them. But in the future we're going to see something like an insane bubble popping with tons of billions being lost in this, who knows when, but it will come at some point.

Nothing yet, but come soon will be the big collapse.

Nuclear war, come on man can't you think something more disastrous like earth falling into sun! Haha. I'm sure that nothing like this is happening nor it will happen until 2050 goes upside down. Well, the coins are lowering in the price because they are seeing common selling currently. This happens mostly due to chain reaction of panic selling. Few big investors start selling big amounts of chunks resulting into drop of price and then others think that market is going down and they must sell off everything. The end result is down market. Obvious.

Not only altcoins but all cryptocurrencies are down for a while, really don't know what is happening but hope something good will happen in the upcoming days.

They are on sale, but few days after we can see how far these coins will go because they are all red now and one day they will become green because the market is like that, people will trade more the coins and the price will go up.

All altcoins are actually up today after the drop over the weekend. Like people said, it was just a down on the weekend since not a lot of people trade. I put in close to 800$ on Antshares today and already profited by more than 30% in just a day.

Good for you dude though for most of june, it's been a weak run for most altcoins. I bought 5 altcoins amounting to a total of .5 btc during their downward trend and i thought that's as low as they can get but i'm still running after my entry amount for a week now. Not losing patience though as i know these alts will bounce back eventually. I'm just waiting for my profits for a bit longer

Cryptocurrencies are not sentient beings that can decide what to do, humans are the ones that decide what to do and what not to do, also only those coins with enough volume are subject to technical analysis, coins with very low market cap don’t tend to follow technical analysis for the simple reason those coins can be subject of heavy manipulation by people holding a lot of coins.

Yes according to some traders and investors this august their will be a shifting prices of bitcoin. And it's a pleasure to buy coins and tokens for the long term investment and for trading. lol... But that was exactly they are talking about this passed days. There will be a shifting prices then their is a sharp price increase. I think we don't need to panic knowing that it is useful for us as a traders and investors. And when it happens that all coins down by 20 to 30%  i think there will be next pattern or another pattern to all market management about their coins.

you should only buy the altcoins that have some potential for rise or a pump in their near future. not just any altcoin. specially you should make sure to stay away from those altcoins that have already had a big rise and are currently in a bubble.
and also I find this way of trading very bad, to buy and altcoin on the way down and still keep it even after it went lower than your entry. that never ends well.

It is very difficult being a trader, part time or a full time speculator. Considering that that the total market cap for all coins surpassed 100,000,000,000 - in little over 2 months, rising more than three hundred percent, there was always gonna be a correction. Although some coins suffered more than others.

To be an entrepreneur is not difficult, but to be a successful trader is something that not everyone can do. At some point, you will realize that business is a good job to make a profit.

Hold or Stop Loss, please select.
Hold promises a profit only takes the patience of the price back up.
Small capital makes me unable to survive to hold. 20% profit already has to be sold. that is enough.

for becoming a successful trader you need to have good experience so that you can do good prediction about bitcoin, which is for most of the time proves as correct, so you need to spend time in bitcoin t get education and experience.

This always happens to the world of crypto, when all coins go up, of course everyone is very excited about it for those who have a stock of coins with a cheap buy price.But why when the price of coins down you complain?Actually when the coin price goes down, it is the best chance for us to get some profit in the future

We could just hope that they are not shutting now! But happening of that has got very less chances. The reason is, founders if these coins invest big money on advertising platforms to publish them and presence of which is published to big crowd in the world of crypto. So ultimately people will come and invest big money leading to healthy coins around the market. Well not every coin gets recognised but the thing some of them get attention makes it sure that not all of them going down at certain limit.

Week back this was the scenario, that almost every altcoins along with bitcoin was experiencing decline in the price. Now things have changed and further growth initiation has got generated. Without much growth in a short the gradual way of increase is taking place with fluctuations taking place often. I feel this to be the right time to profit through trading if one has got a higher volume of bitcoin.

It is a worse scenario for a traders the price keep on declining and the up is only for a moment, it makes me confused and worry to do trading, I think most of the people is dumping their coin for now, it is very risky to do trading now, the raising is too short and little while the falling is quite often and sharp, I hope it will be getting better in this few days

It's just long and strong correction. Some guys are now fixing profits and leaving crypto-world, but some are buying now. I think there is a big chance that we will see strong growth in a few months

Thinking that this is only way for them to frighten the other holder of bitcoin. There are some that already panic and selling it now in this case that they talking about bitcoin price drop. But some are thinking that this will be a big opportunity to buy coins and tokens. If that will be the case then this is the right time to buy coins. I think that in some few months it maybe in about 3 months there will be a nice and amazing growth of bitcoin, tokens and other coins are already part of it.

Market is risky at the moment and it is diffivult to predict how it will behave. Small pumps and a lot of dumps are happening. Only few coins are rising stable LTC or Swarm for example. I hop in few days it will get to normal.

Bitcoin was mostly unaffected by this, so a strategy could have been to sell your altcoins and then buy bitcoin with them, to be honest, there seems to be some people that are too proud and decide to trade when there are not opportunities to do so, when that happens the best thing to do is to not trade, get out your profits out of the exchange and wait for the market to give you better chances to do so.