Bitcoin Forum

We saw enormous grows the last years in the cryptoworld.
The marketcap was exploding the last years.

Because the fast growth, I expect the cryptoworld to slow down.

Look at the marketcap the last month/weeks, Its almost a pump and dump system these days.
Instead of people holding on to the coins they have and let the cryptoworld grow healthy, develop further and get more adopted by countries etc.

No, people get scared the moment the market cap gets to high and instant sell with little profit.
If this trend keeps going, I feel the cryptoworld going nowhere the coming 2 years.

This market is very very sensitive, were talking about a big future here.
Yet people want to make quick bucks and keep on pump and dumping.

I have no doubt in the following 4 years, the cryptoworld is at the 500B cap.
We all want to make money, thats why the most of us are investing anyway. But IMAGINE what the coins you own could be worth in 2020?

Yet trading is a good way to make some bucks, and the experienced cryptotraders know what they are doing.
But for the newcomers this is scary, the moment they see the investment they made go down 5% they sell.

Its just repeating itself the last weeks.

My expectations of btc and eth are bright. Btc reaching the 5K mark at 2020. And eth going 1k.
Altcoins are such a gamble, for now they seem like a good way to make huge profits. But I dont see a real way of them getting used in the long future.

In short: Were at the pump and dump routine now, if we want this world to grow, have faith, let newcomers also gain trust in the cryptocurrency, countries will jump on this currenry the moment its truly developed and not some "gambling" market.
1st of August will either have a positive impact or a negative, I cant really give my expectations, cause at this moment the market is unpredictable.

What are you're thoughts? How you feel the market growing this year?

This will create panic for new bitcoin users. One side wants to make bitcoin better ahead. But on the other hand there is a saturation. So the bitcoin owners follow the trade. Most of them must take the safe way to make money immediately. But I do not think so for those who have long played in bitcoin. Surely they already have a strategy that has been prepared well to continue to follow the trade. I think it will be a great answer for all of us. If there is a division I just hope that bitcoin can be better for the future. I think it's all natural that bitcoin owners want to make money immediately. Because it is a very negative level of security.

The market becomes sensitive because of people that are using it. They are panicked real quick and starts selling everything they have got. The circulation of bitcoin in current situation then increases a lot in the market and drops the value dramatically. That is well know trouble by us. The only way to change the sensitivity of market is by changing the views against market drops. Sudden reaction will always make bitcoin or other coins weak loosing the value.

I respect your opinion but 2020 is too much time for Bitcoin to reach $5K mark, I believe that bitcoin will reach $5K in next year itself and in the year 2020, the price is not going to be anywhere below $20K. Yes, this is my personal opinion and might be completely wrong. I agree with you that crypto market is sensitive at this moment and I think the reason is that, it is not yet established and there is a lack of awareness among the users. Recent price fall under pressure of 1 Aug event clearly highlighted that aspect but still, I am optimistic about the average maturity of crypto user will be much higher than that of today.

Agree, we have seen  the jump of bitcoin from $1k to $2k and it just need a few month, even now it price already close to $3k, I think bitcoin will reach $5k next year in first semester , and it is true that the user who makes the market very sensitive right now, 1 August news and a different opinion among the users who do BUY or SELL everytime they see the market growing up or down (active trader).

BTC price by 2020?
Could be anywhere from 1k to 20k$ because you never know how much money at the moment are invested for long term and how much just for quick x2-x3 and dump.
Way too many people consider current situation as a bubble and (IMO) thats exactly what it is now. For me it looks very same like 2013-2014 Bubble,
when BTC price gone from 100$ to 1200$ and back to 200$ in 1 year time frame.

IMO the marketing will continue to be sensitive at least until the end of summer.

Ever without a hard-fork. As people mass are on a vacations.

I do agree that the market today is very sensitive and there are a lots of ups and down trend in the market value. There are many altcoins whose value had never recovered yet and continues to go down. Other have increased in value when bitcoin went down and when bitcoins price recovered its value went down. It is hard to invest in altcoins today since the market is very unstable and the trends are unpredictable unlike before. I hav bought some coins during a dip but unexpectedly the dip is not yet and so the price went down and so I have no choice but to wait. My investment is sleeping even though I am very careful with my trading, this is the only time during my trading experience that I have to let my coins sleep. This is due to the very volatile and unpredictable market. Hope August 1 is already here and no split will happen so that the cryptomarket will go back to its trend like before.

Bitcoin is a long term investment, but all other coins are more short or midterm. Only a few altcoins are gems. Most of them are useless clones that provide no advantage over already existing projects. What about Guncoin for instance? Any advantage over Bitcoin? Any weapons and arms dealer could accept Bitcoin as payment, therefore a coin for a single purpose seem to be useless.

And bitcoin marketcap exploding even bigger in this year.

You may expect that, but most people want cryptoworld to growth faster in order to catch up fiat currency, in term or usability.


People do what they want with their funds, whether to invest on bitcoin or cash out what they've invested.
Bitcoin could grow because people believe in it and invest big amount of money, more adopters join in the market every year, that's why it keep growing, we can make it to slow down, let it grow naturally.

Normal situation for every cryptocurrency right now, traders everywhere and they want to make more profits.

Bitcoin market cap is $46,056,840,572 right now. I guess bitcoin should reach over $20K in 4 years later in 2021, if bitoin price at $20K, then the market cap should be around $367B-374$ based on https://en.bitcoin.it/wiki/Controlled_supply. 500B? out of my calculation.
I imagine bitcoin could reach $15K in 2020, and I should have at least BTC10 in 2020.


in 2020, bitcoin could reach $15K imo.
How could you calculate $500B market cap in 4 years later but in 2020 its price still $5K? are you nuts or what?
I'm not sure about ETH.

I totally Agree but upcoming correction move will not be for a long term.

In 2 years (Such a big timeframe for cryptoworld) prices will make big waves but finally cryptocurrencies will rise for sure.

Please check GOLD/BTC charts . As you can see in the begining prices are not related each other. But now you can expect BTC price movements from GOLD prices.
There are really nice projects for about altcoins.  Specially ETH and ETH Tokens. Also don't forget WAVE

If everything goes as planned and FUD and panic selling of new users have settled, we don't about a major market price drop. Bitcoin has always been this sensitive. Based on how it's doing now we might achieve $5k mark in less than 2 years.

Firstly, I don't think that the fluctuations in price are unhealthy for cryptocurrency. Secondly, if they were unhealthy we wouldn't be able to do anything about that anyway.

Some traders even say they would abandon bitcoin if it wasn't fluctuating so much.

It is out of my understanding that why people are scared of the 1 Aug? All of our bitcoins are going to remain same, the rate is going to remain same & everything out there is going to remain same except the high transaction fees and the delay in transaction confirmation. I can understand that suffering 10% or 30% loss might look scary to those who have a large amount of investments and thus they are under pressure but there is no need to worry for those who have significantly less amount of capital invested.

Since when the market is not sensitive... Actually, it's not sensitive, it's just purely speculative. Whales are eating small scale investors like me.

Its always been and will always be a pump and dump come on thats inevitable on the market.

And why would they'd be scared if the market cap is high? isn't it something to be glad about?
crypto world going to no where because of high market cap is impossible

yes it is sensitive and will always be. thats why its an opportunity right?
can't blame them for making quick bucks, anyone would have done the same if they had the money

we're still at 95B now. isn't that a little to fast? a huge gap between them i mean
i believe my chosen coins price will be higher than it is now

Protraders have already gone that path. now if you keep being a weak hand you will always be a noob
Experience and knowledge. Read and trade

Maybe now you can't see a way but it'll be different in the future because time changes things
but if you'd asked me there are many ways

There is another reason why the market becomes more "sensitive"

As I have explained it a few times already, this is what should be expected with prices rising, i.e. the insane surge in volatility. It is like a side effect of high prices. Now with prices in the wide range of 2,000-3,000 dollars per coin, we see extreme volatility which roughly equals 1/3 of the whole price. This happened in the past but not so often as it happens now. And if the price is going to rise further, we will likely see even more mind-boggling levels of volatility and price swings. This is sort of set in stone for any speculative asset since rise in price is only possible due to supply running dry (in respect to demand). But this makes the whole market more unstable at higher prices, which is what we all witness nowadays

Sell when others are in irrational exuberance buy when others are fearful. Since we have a good mix of that at the moment I feel the market is at a decent equilibrium point with the note that Bitcoin has been both the best performing asset and also the worst performing asset at the same time which makes it quite a challenge.
That said I do not think cryptocurrencies are weak by any regard and will continue to see strong growth adoption and usage into the near future.

The market exploded mostly because there was a huge push by new investors to try and get in on the massive pump and dumps that were happening with various shitcoins, that we have been observing over the past few months and proving why using market cap as a metric of value is a fool's game at best. This in turn resulted in the markets pushing themselves higher than they really should be, and thus we're being lead to believe similar explosions in value can happen when it is becoming increasingly unlikely for something like that to occur. The market is unpredictable for sure, but it also is unlikely to break out at any point soon. It will remain volatile for a long, long time.

Your point seems right, people love the fluctuation because it gives them the opportunity to earn money, it's a high risk
invest so before anyone will enter here he should already know the norms in the market.
If you cannot take the price fluctuation there is still another option which is to invest for long term, check on the trend you will know it's increasing.

Trading requires fluctuations in order to make a profit. In fact, the wilder the fluctuations the better as long as the price gradually increases over time.

Also remember that some fluctuations are not organic. Whales will manipulate the prices on exchanges to make the price change artificially. You just have to be able to recognize when the price rises too quickly which could indicate a pump.

Traders would abandon Bitcoin, though I highly doubt the users of Bitcoin would leave. As the biggest thing that people want in a currency is going to have to have SMALL or NO volatility in the currency so it has the same value day after day (minus inflation of course)

And yes, this market is always going to be one which is going to be sensitive because of the amount of leverage which small invidiauls have in the entire market = WHALES!


Can't see this happening, we need to stay at a price and don't keep moving up and up - it's the only thing which is going to be the only thing which attracts people to using Bitcoin.

Have more type about control price by whales, as in June until July, we have see all altcoin on market are falldown to the price like in April, but this happens not happening fast, slowly and stable, everyday change 5% ratio and on the road, have some bull trap helps them earning profit anytime

And ordinary traders, who are not whales, can take advantage of that too. When the whales are dumping coins in order to decrease the price so they can buy a lot of cheap coins, everybody yhave the oppurtunity to buy cheap coins too, like recently when the price was around $1,800.

I disagree with this attitude

If traders choose to abandon Bitcoin, its price would crash instantly since it is supported exclusively by speculation. If you think otherwise, you are delusional, as simple as it gets. But when the price crashes, it won't be of any interest to anyone (ironically, except traders). You should understand that Bitcoin can have no volatility (or small volatility) only exactly at 0 price. There is no reason to use it in real economy since right now it sucks heavily when compared to the best of fiats

I agree with you, i think that this pump has gone quite a long way, maybe just a little too long.

I really wouldn't be surprised at all if the entire cryptocurrency market cap just started to collapse after this year, perhaps to 50 billion. This would obviously mean that a lot of people will be losing money and whatnot but also would be a great buying opportunity for anyone that missed out on this ride.

However, i expect bitcoin dominance index to rise to at least 75% again despite this declining total market cap. Alts are in a much bigger bubble than bitcoin at the moment, in my opinion.

Over the long run bitcoin is extremely bullish at least to me, but short run price is still extremely volatile.

I think that this is probably going to be a watered down version of 2013, which is similar to right now.

There is definitely a trend of bitcoin price exploding after like a 1 year so after the halving, and then for like 2 years nobody seems to mention bitcoin in the news, everyone is no interested and prices are slowly dropping. In this sense i see this year's situation a bit like 2013. Price is probably going to readjust down to around $2000 each where i feel it is most comfortable and stable, and then just hover there, maybe go as low as $1500. This might not happen this year though, maybe starting next year. Because this year we'll still retest the $3000 level to see if it can be broken or not, and if we can break it then it is completely possible that this bull market stays till late this year and well into next year.

Total market cap seems to be stable at a level <100 billion which imo is completely natural. I'd rather have a stable bitcoin than a bitcoin that is constantly moving around no matter which direction.

That really is the risk for bitcoin or in all crypticurrencg in general as it has a very tumultous or shaky trend. It sometimes really depends on the market stock and there would be a perioid of decline that some buyers would believe it would explode once it finishes its decline.

I'm not sure whether this is true. What about demand? The price would be still high if there were no speculation, but the demand for coins was high, am I right?

But I think we will never find it out because traders will never abandon bitcoin.  :)

The high demand for Bitcoin is provided mostly by speculators

It is just another way to say that the high prices that we see today are due to speculators trading, though at another, more technical level. Obviously, the market price is ultimately determined by the balance of supply and demand. So when we say that speculators bid up the price, it essentially means that it is their bids that massively increase demand. Simplistically, the supply of bitcoins is provided by miners while the demand for bitcoins by speculators. If the latter withdraw their bids, the price will instantly crash since the supply of bitcoins will massively exceed the demand for them, and it will be rebalanced at much lower levels (i.e. prices)

"the last years". what does it mean ? Are you talking about the end of the cryptographic market? I think you are thinking wrong about what is happening. The cryptographic market is not dead, it is growing extremely fast and strong, followed by bitcoin, there are thousands of other coins being created, and they receive the attention of the whole world.

No, I never thought it would collapse, look at what happened, it has grown tremendously, especially recently, many people say that we are all in bubbles, and it's fragile, but I think it's still cherished, and it will not break.

Maybe it's too early for this kind of thinking but I have an impression that there are more people who buy bitcoin in order to just invest their money not for trading. As I said, maybe it's too early for this now, but in the future there will be hundreds of thousands traders and dozens of millions of investors or just users of bitcoin and demand from the latter will dominate in determining the price of bitcoin.

All the value on crypto world are by emotion of trader set price. They can correction price again when they fearing crypto market and increasing when they interesting. Not have rules can make the price of crypto stable, remember that!

For me this is now a e very challenging part of us here and we actually can't predict the fluctuations of bitcoins, as those with bigger fund were doing pump and dump of their holdings. They were trying to manipulate the price of their buy and sell ways which really made the price trend to move in an erratic scenario. This has been effecting a lot of coins in the crypto market specially those who expected good holdings to rise more of it's value; but certainly it won't be gaining good results as well. Many of the bitcoiners were dumping their assets now and it really made the market sensitive.

Yes, specially with the situation nearing the Aug 1 date, price movement is very challenging indeed. I just saw that bitcoin is now down to 7% after enjoying a high last couple of days. I think there is no dumping, but rather some big entities trying to manipulate again the price so that they can buy at cheaper price again. Also, we bitcoin price went down, alts follow as well. So I'm expecting those alts will be going red soon. I guess the situation really makes most of the traders nervous and sell or some big entities are really doing some thing behind the scene.

It is high volatility of cryptocurrency market which keeps traders happy and involved in cryptocurrencies. Cryptocurrency market being unregulated and decentralised is quite vulnerable to speculations. But instead of considering this a threat, people should understand that this keeps Bitcoin and altcoins running. This helps in increasing the demand. Altcoin market will always remain uncertain. Shit coins will come and go. But top coins will keep on thriving. They have immense potential.

This doesn't change anything in particular

Speculators are not just those who buy today only to sell tomorrow. These are any people who are hoping to earn profits by buying low and selling high no matter how long it takes to wait for the price to rise. Indeed, such people most likely won't be called speculators since buying and holding for longer terms is considered as "investing", but, as to me, it is all six of one and half a dozen of the other, especially in respect to purely financial (read speculative) assets like Bitcoin (where you can only mostly via rise in price)

You are being overly optimistic. I don't think that Bitcoin will reach 20K USD in the year 2020. Bitcoin is experiencing a slow and steady growth these days as we all wait to see if any new development will happen on August 1. Bitcoin will continue to rise over the years and the people who will benefit most from this price rise will be the one holding them for a longer time. We are all in time to be these persons, we just have to stop acting impulsively to any pump and dump it may happen to bitcoin price these days. Remember patience is the virtue of the winners.

Any such predictions are basically wild guessing indeed

Nevertheless, we should remember that in 2020 there will be the next halving, while the previous one was in 2016. And the price had been hanging around 650-700 dollars per coin before the effect of the 2016 reward halving began to kick in late September-early October last year (i.e. less than a year ago). We saw the price rise to 3,000 dollars, i.e. more than 4 times, so if nothing bad is going to happen during the next years (which a big assumption, really), we could well get past 10,000 dollars per coin in 2020 and later due to halving alone

It is not about this moment. Altcoin market has always been sensitive. It is not regulated thus pump and dumps are quite frequent. It has low marketcap as compared to other monetary system. Thus, prone to high volatility. Also, it is decentralised thus anyone can buy and sell at any price. Thus creating more volatility. Altcoin market will remain like this only.

There are various reasons for it-
1. Bitcoin is complete dominance in Crypto trading. Other coins work subsidiary to it. So if BTC rises, other coins rise. If BTC falls, other coins fall too.
2. Bitcoin is currently under possible fork. So this and next week will see major downfall in its sending/receiving. Most of the exchanges will be closed in this time period. So we could see more downfall in prices of every coin. Be ready!

But every crypto enthusiast is sure enough that BTC and other coins will reach new ATH in coming years. This is just temporary break downs. Else cryptocurrencies are continuously going towards MOON. :D

Indeed, the altcoin market is very sensitive, in particular, it is heavily influenced by bitcoin, any changes to the bitcoin will directly affect the entire altcoin market, their value will be minimized fast.

yeah I don't really like the idea why alt has to sufferred from bitcoin crash, people should really need to start making a crypto coin that not pegged to bitcoin lol.

Unfortunately that is the situation of things when all coin claim to be the next bitcoin and developers come and claim its better than bitcoin but they fail to understand that to meet bitcoin means they have to create a niche for themselves and start expressing their values in relation to fiat and not bitcoin which is difficulty to do. They also forget that anyone holding  their coin is also holding bitcoin but not the other way round. There is no independence yet.

I have already explained what altcoins essentially need

But it seems the right time to repeat my message. What other coins actually need (apart from being decent enough on technical grounds) is to show long-term profitability on par with Bitcoin (or still better exceeding it). Bitcoin has been the most popular coin simply because it was (and basically still is) giving people what they wanted, i.e. profits. But not just short-term profits (which many altcoins surpass Bitcoin at), but profits which could be obtained by holding Bitcoin for many months or even years. If any altcoin is able to repeat this feat, it will make a strong competitor to Bitcoin

  Bitcoin will reach $5k before the end of this year. If not, in 2018 surely. The crypto market will continue being chaotic until the mass public adopts it, which will not be for some time yet.
  Look at personal computers. They were first brought to the market in the 70's, but it wasn't until the mid-90''s that many households began getting them. If a similar trend happens with crypto, we can expect it to take until the mid 2020's to gain significant traction. Until then, get used to the chaos.

In my opinion all altcoins are a bubble created to make easy money off greedy people. While some of them offer some good things on paper(like contracts in Eth), the main purpose is to pump and dump. This crypto business is still in its infancy and so many things are going to change and so many people are going get crashed during this process.

Not all altcoins, what is the basis of your statement, check on the top 5 markets of altcoins especially the Ethereum
who were able to compete with bitcoins in terms of marketcap. Ethereum is the most traded altcoins in the market nowadays
and some experts believe it will overtake bitcoin in the future in terms of profitability.

Well you have a point and yeah not all altcoin are just bubble created and useless.. some of the altcoin which is in the good in rankings in coinmarketcap those are useful in some other ways or accepted in other shop online .. unlike other altcoin that are just use for scamming people..
So for now if you want to hold an altcoin for a long time the best recommended are those in the rankings like you said ethereum lite coin XMR and other altcoin are in top 20 altcoin ..

Read my reply again, I said "some of them offer some good things on paper(like contracts in Eth)" but again this does not change the fact that everybody wants to jump on the wagon created by Bitcoin. Pretty much every alt coin promises something that Bitcoin doesn't have. That's their selling point after all. The thing is though do we really need those things they promise? I'm not against Eth btw, I'm following it closely.

I also don't think marketcap is a good metric for coin strength.

I wonder if a coin will come along that offers everything all of the altcoins do, and more. Think about early social media such as MySpace. Clearly it was missing something or it would still be around... and now we have Facebook. Eventually a coin might appear with far more features and ease-of-use then BTC and everyone will jump ship just like Facebook.

Yeah, what you say is very true about facebook replacing myspace and I think it is definitely possible that something similar can happen in crypto space too. We just don't know what we will need in the future. Even with Bitcoin, nobody probably predicted that it would come to this point and this is probably just the beginning in this long journey.

Only crypto newbies get panicked, whales stayed cold to the price's fall. But what to do? I think that's the only way how newbies can learn the market and become big players or experts one day.

Agree, but since Bitcoin has the only requirement of good connectivity, there is already a huge ground available for the growth. Yes, technically it will remain chaotic for next few years. A large part of the population is already using digital wallets for their fiat funds and thus using Bitcoin won't be a big issue for them. Thus the evolution of computers was a foundation for the upcoming technologies like blockchain.

The market is sensitive because the users are so many, so all will feel panic quickly they offer their products. Bitcoin has a good market for the market in this situation that will bring it down in the market dramatically.

So many of the market users who are sensitive, and now unhealthy, we will not do much.
What's with this guy do you leave bitcoin ??

Of course market cap is not a very good basis for saying a coin has strength. Yes, not all but most of them are really for pumping and dumping. Simply for profit and greediness of some of the traders. You will get lucky of you bought coins that are going to be pump and later on dump by some groups. You just need to go with the flow.

Alright, then we all are speculators in a way, even not being traders. :)

Yeah, I'm not joking, it's true, because even holding we hope for the price to rise, and in fact if this happens we sell at the higher price later, like all speculators do.

You are right bitcoin market became sensitive this past few weeks maybe because more and more users are engaging in crypto-currency and somewhat bitcoin need some adjustments I think this would last up to the end of this year. There might be fluctuations but somehow it's a good chance for investment and trading we just have to trust in bitcoin and continue using it

A gambling market? If you think cryptocurrencies are a gambling market, then you don’t know that the biggest casino of all is not in las vegas is in New York and it is called Wall Street, maybe the change in price is not as abrupt as in bitcoin but the amount of money moving in that casino is way bigger.

It is not the adoption that make bitcoin market sensitive, it is the argument between camps on what to implement to solve the bitcoin scalability.  Aside from that, whales are taking advantage of these situation making the market highly volatile.  But it is somehow solved by the announcement of some major exchanges regarding the rejection of the other chain that will split from bitcoin ,main chain.

We may go for accepting that bitcoin is under high sensitive phase as it is not giving any clue on what is going to happen like rising up or falling down. Only after how bitcoin miners accepting the segwit will be deciding the out come of this sensitive phase.

Yeah, you got it right

This is how things work in general, though I wouldn't call everyone involved in Bitcoin a speculator. There are a few groups of people who are not speculators despite being Bitcoin users. The first group consists of miners who receive the fees and get paid miners' reward for allegedly doing something useful (i.e. confirming transactions). The second group is made up of folks (some of them are early adopters) who bought coins but they are never going to sell them no matter what (at least, so they say). What are they waiting for? They are waiting for Bitcoin to become a killer currency enjoying universal recognition across the world and for themselves to become new wealthy elites. The third group is a group of people who get paid with bitcoins for some job done. Obviously, even if they sell their bitcoins, they are not speculating. And the fourth group includes those who are actually trying to use Bitcoin as a means of payment, i.e. for buying goods and paying for services

Thanks for your great explanation! Btw I never thought there are people who are never going to sell their coins no matter what. I understand that you meant unless bitcoin is adopted worldwide and it costs one million per coin. Then selling small fractions of what they have they be the richiest elite of this world.

It seems like you are comparing daily motion with YouTube. This is a common life example I you do not need further more knowledge after I have mentioned a best example for you. Bitcoin is a powerful and there is no one to beat bitcoin. But other altcoin are just a simple crypto currencies which are not that much level as bitcoin so people prefer bitcoin instead altcoins.

I really do not know whether the growth you are talking about is really not that much if you are comparing to the rest of the market,this market is just new and still it is just the beginning stage and we are yet to see the true potential in the future and then we will see how big the market would get,just wait and see how big the market will be when it comes to the next halving.

Because of the large number of users and who use the market as a big commercial tool to experience Sensitive market today.

with the last 2 days, it seems market become more fluctuation, many trader using this moment to buy and sell bitcoin because they don't want to be late. if we take a look in the market, the price moves up and down and there is big order in the order buy and sell and this is makes market sensitive and makes some traders become panic to do buy and sell order.

This is not what they hope for

They actually hope that they won't have to sell bitcoins at all at any price, which is to say that they are going to wait for the times when there will be no more fiat (dollars, euro, whatever) sticking around. I don't know whether they are out of their mind (completely), but this approach allows you to actually save bitcoins and likely allowed these dudes to keep their coins intact when they were worth literally pennies and all the way up to thousands of dollars per Bitcoin. Anyway, if they change their stance for whatever reason, they will book quite handsome profits

http://s019.radikal.ru/i641/1707/54/c56aa31f2730.gif

And instaturn into dollar millionaires

I knew this would happen from previous time. All altcoins were pumped synthetically to the moon and all of you guys jumped in them. This result was inevitable.

I hope next days could be even worse than today for altcoin prices.

Market is so sentive this moment because of have so many circumstances happening this  year, first the segwit hardfork implementation in the market they expand the
blockpath and isolate the headed parts to the body part of the blockchain,thats why the market caps is affected. Second is the unpredictable of ups and down the value price of altcoins  the main cause of  holding there asset,and until now the bitcoin is not regulated by the government.so this is some of the factors why the market is so sensitive at this time.