Bitcoin Forum

most of  crypto currency are falling in value :

https://i.imgur.com/zSQ86Y5.jpg

https://i.imgur.com/5Lciewv.jpg

Any comments?

Ya I was just checking my Bittrex account and was like WTFWTF .  I am not holding any of this coins that got hit bad but my coins got hit all between 1-5%
which is not really bad looking to other coins . A question tho isn't this  might be a sign of BTC big pump I am not say it should I just saying might be .

Not surprising to me. People are just cashing their coins or maybe because of the uncertainty towards the Aug 1 date which is still more than 3 weeks. What worries me if this dumping will last for about a week, then its gonna be alarming. The dumping should only last 3 days tops based on its historical graph. Well this is again a perfect time to get and buy more bitcoin and save it for future.

I've been watching the cycles for a month now and every week it's the same scenario. Bitcoin drops on Friday to around $2300-$2400 and starts pumping on Sunday maxing out around Wednesday. It's happened every week. My guess is that it's going to continue this pattern  until the last week of July then all bets are off.

I think this is the same as past week ago that almost all coins are drop.. i don't see any reason why this bitcoin and other altcoin are down .
And maybe there are some site are nearly to crash or down.. better to be careful right now and hope we will not experience a large drop this days..
We will also see panic sell soon once they seen the movement of all coins right now..

Don't stress yourself people. Are you new to this kind of price movement?

When price is increasing, most of the people wants the price to decrease so that they can buy again. And now that it happened, they will now worries why is that happening and wants the price to increase again instead of taking advantage of that price decrease to buy more. If you don't see any reason even you search on Google all day long then you can considered that as majority of traders take profits. What you must do now is to wait and watch.

I think the only issue that i heard is about CEX.io was having some issue these days ..traders just afraid and i think they sold their altcoin and afraid to experience back again that there are exchange site was hack and crash remember every year we are experience of exchange site down or crash..
And  they are just active selling before its happen.. but i think for now its impossible to happen in this year.. but i'm not a fortune teller anytime exchange site can be hack and crash.

This a new crisis coming hoping that this is not the same as last year and hoping that this will be the same as past few days ago that all altcoin and bitcoin are reducing and increase back again..
But if this is a new crisis that the price will crash due to the exchange site crash.. just let us hope that it will not happen..

There is no news in here.  This kind of event always happen almost regularly so I wonder why OP is so surprised about this stuff.  This is simply called fluctuation or losing support from the people.  Or some whales with different altcoin portfolio is exiting the cryptosphere.  At the end of the day, this is just a regular event that most traders are taking advantage to book a profit.

I love it when some major coins decline such as bitcoin, ethereum, zcash and another top 10 cryptocurrencies.
People waiting for those prices to decrease, so we can purchase more coins then buy it at higher price but after several days its decreases. But, I see bitcoin already recover right now, not sure if it will drop further than this point.

Weeks back similar price drop was found with many coins. Being a day trader and for profiting fluctuations with price increase and decrease is a must. The same is not much these days and now the day traders could opt for buying low predicting the one which has got the pumping after these drop.

Bitcoin has fallen, yes. But if you look at the coinmarketcap front page you'll see that Ethereum has fallen way more than bitcoin has. Most of the coins have fallen by 10% or so whilst bitcoin only fell by 5%.

I think this will be a growing trend in the future as well, bitcoin dominance index will return to at least 60% by the end of August after the fork, and price will be somewhat stabilized at $2500 per coin or thereabouts.

On the other hand if you shorted all some of the major alts you would have made a pretty decent profit, or have you just hung onto your bitcoins then you wouldn't actually have been hit that much.

bitcoin has not fallen, no. :D

please check the charts and make some mental note of the fluctuations then make a comment like this.
so far bitcoin has been fluctuating about ±5% up and down and that is not called "falling" my friend. this is more like sideways and stability for bitcoin.

the same thing for altcoins is a drop of -10% to -25% in each day and then staying there or coming back up only +5% and this is called "falling"

This was predicted a month ago, very soon from starting Summer 2017. The value of altcoins in 2nd quarter 2017 are very highest and need falldown to make the market reasonable. That helps create a place interesting and opportunity to buying altcoin cheap price with new investor miss in begin 2017!

Not everyday will be one to rejoice, just brace up and have it at the back of your mind that whatever happens to bitcoin whether positive or negative has a spiral effect on other coins as well. I don't see this as anything special as this will even pass. I don't bother holding more than what I can afford and if I make some margin profit, I quickly sell and prefer to hold in btc so when price falls the notification is fast for decision to be taken whether to keep holding on bolt.

This is crypto so what do you expect?! Extreme volatility, especially with altcoins is the usual.
These mostly useless coins have seen tremendous increase this year so far, so some big correction is coming, no matter if you like it or not. Anybody who believes this is normal growth since march, april or longterm expected user adoption of altcoins, will get learned a pretty hard lesson.

IMO, this is the minor dip before the big rise. Perhaps the speculators are waiting for August 1. I don't want to predict anything, but 90% chance is that there will be a big spike on the BTC exchange rates during the first week of August. However, there is a 10% chance of the prices crashing.

Another domms day for crypto. The coin will be rebound again. This is the best chance to buy the more coin. if the bitcoin gets rekt and crypto will be following it. It's so funny for watch how all of the crypto gets rekt.
I will buy more.

It's just a correction or consolidation. Prices will fluctuate especially after big increases over the last few months for many of those coins. I would suggest looking for an opportunity to buy is the prices drop significantly more that they already have.

All I can say is that, it's a break for me. Since I've already bought the coin I want with this dump, I will just wait until the price rise again.  For me, it's a bad idea to panic, you'll just lose, so better be patient and let's see what will happen next. Still, decide for yourself and be responsible for that decision.

I remember a guy who bought high and sell low then trolls in an exchange's trollbox about the coin being scam. LOL just because he loss $$, the coin is scam for him.

The crypto market as a whole is overvalued, so it's not surprising to see it falling a bit. It's still overvalued and could fall quite a bit more. Or it could rise. It's hard to tell because the market is so inefficient, day trading is essentially gambling. The only reasonable way to invest in crypto is to buy and hodl for years.

The current prices on trading sites are too unbearable to see if you are trading altcoins. But for some they are a door to every opportunity, so the dumping of the coins are an advantage to those traders and buy coins while the prices are dropping. It looks scary because it's really bloody red but it's not that surprising though especially when August 1 is near.

So the most ludicrous pump in human history is finally faltering? What did anyone expect? Peoples memories here are pitifully short. Three or four months ago ethereum was 10 dollars.

Just shut up and where's the money button!? >:(

And now ethereum is following reverse fibonacci sequence and is coming back to what was the price earlier, although it seems too good to be true that ethereum would go back again to $10, if in that case I'll sell all my bitcoins to buy ethereum.

This correction comes just after many altcoins are overvalued, The solid ones will soon resume the nutritional exchange course and the others will sink into the black for an indefinite duration and even infinite.
For BTC I'm not really worried because I'm almost sure that he will resume soon and go for new ATH as usual.

Right now, ETH seems to have stabilized at around $240-$250 per coin. But if everything goes well for Bitcoin after August 1, then I expect the ETH prices to crash further. Who knows? There is even a possibility of Ethereum dipping below $100 per coin.

Crypto is for the future.
Bloody day of trading is happened anytime,
do not sell, we are facing new era.
New running is just a head.

I think this is just a healthy correction. It might last for a few weeks or even months, but after that the direction will be UP

No need to day trade when all markets are rising. Just buy wait sell and buy another one and wait. When the markets are rising short-term investment can be more profitable than day trade especially for the amateurs. When the markets are stable day trade can be very profitable and most profitable methods i think. But when the markets are falling the situation change. My goal is to increase the amount of coins by selling and buying lower during bear markets.

I hedged my Bittrex coins on Cryptopia with different coins like Scorecoin and Sakuracoin and others and I'm up 15% on Cryptopia in the last week, while down about 12.5% on Bittrex.  Gotta think independently.  

In that case your bitcoin will cost 100-300  ;D ;D ;D

Another yet depressing article on days after tomorrow, ever blood is meet with apocalyptic views! so typical

I know, right?
It not nice to look at if everything was in red.
These past few days lots of altcoin goes down like crazy.

But this is nothing new to traders's life.
Look at the bright side, take it as a day off from trading.
We could take a rest and all.

There is no need to panic. The fundamental have not changed unless all the sudden people don't believe in cyrypto anymore. This is very healthy and create a buying opportunity on good cryptos.

Big sale... !

I would like to believe that what you say is true.

Another huge leg down! XRP and nem and some others just dropped fast. Ive always been calm during corrections, but this is becoming more than a normal event in crypto. Its getting out of hand now. People are saying this wil continue for 3 weeks? There won't be any money left in the market if it continues at this rate, not possible.

I think all these ICO's that had no way to do anything but drop in value are affecting the reputation of the good coins that have been existing for many years.  We need to clear the air of them and their hype so regular coins can pick up the value they deserve.  I'm not a conspiracy theorist and I think this was well intentioned money but it should have no bearing on the regular coins and new ones that deserve merit and were built from the ground up. 

Even i have checked my bittrex account lots of my holding upto 50% decrease i dint get panic even i am in a positive mode and bough some alt coins for current price and kept some BTC hold for buying even it goes down .

Sold all my alts after losing a crapload in the last couple of weeks, now just in BTC and USDT, have set buys at "crazy" prices:

SNT:0.00000500
XVG:0.00000038
NAV:0.00003581

Tempted to go in SC @ 0.00000175 though previously I thought 300 was going to be its bottom. I'm thinking now even 175 might be too high by August 1st.

Here's what happens now  ;D

http://www.crop-sideblog.com/uploads/4/0/5/6/40563881/8095633_orig.jpg

Yes, I see reds everywhere and Its indeed a bloody day trade. Seems like panic selling is on because of the upcoming even on this August. Seems like they do secure their stuffs before anything goes wrong after if there would be a split or not.Thats the thing which comes to my mind when i do see all in reds and also on bitcoins isnt on exception on such price decrease. Actually its the best time to buy coins now.

The changes in the last 24 hours are not something abnormal for altcoins, but changes for the last 7 days it is a bit scary.

Indeed, really interested on how this wil go the upcoming week.

I have the impression that there is stabilization, right?

Looks that way, XRP is slowly recovering and so is LTC.

The question is.... Are we at the bottom? Or just getting started.  ???

Whatever goes up....
But few people saw this fall coming.

Why nobody was scared when most coins were +10/20/30% almost every day for a month, but now everybody is crying. Remember the price of ETH in January? Or LTC? Or ETC? Or ZEC? Or DASH? Everybody was like: "OMG OMG, Crypto is the future! Unseen technology! BUY!"
This is called open market, and in our case is full with newbies doing panic sell and buy orders, so stop talking like the end of the world has come.

Very interesting, a real excel coin,... What? Sell? LOL

This might be because of ends of the week, on ends of the week advertise closes and merchants get their cash out of trade, this is the regular practice. Bitcoin has not fallen in value that much that you need to stress, its only 20 or 30 USDs. On Monday you will see the value rise again as the market opens however till then it is prudent to remain away.

I am scared and think we will se worse crash ever in the near future. Total market cap is $270B. I do not buy any coin at this stage. The Hardest crash is coming.

Now the COINS are on the uptrend, the opportunity has come, the previous losses should have been made back, seize the good opportunity, it is easy to make money now.

same thing today, everything will return to its origin one day.

I think we're living the same thing right now. Nothing almost looks green. On the contrary, all the coins and tokens turned into a reddish screen. This is so sad.

Yup just looked at the top 100 on coinmarketcap, only one out of 100 is green! To be honest we've had such a roll lately, a correction was bound to happen, if BTC goes much lower I will buy even more!

Altcoins do not have time to recover. If you compare today's prices with those that were in the summer, you can get a heart attack.  >:( I'm already tired of waiting for the coins to start growing again and give me a profit

I dont know why do people still surprised on these kind of scenarios which its just like first time that they do able to see alts going on reds which is normal when bitcoins price shoots up or do have some price increase rally. Most of alts in the market would really be on reds since people do accumulate bitcoin as much as they can so that they wont able to miss the wave on making profits and mostly things do happen is when theres a possible fork event or even on holidays which we do able to see now.

I just waited for that day... All currencies just gone crazy in fiat in the last time. Nice the have a correction now, its healthy!

You guys are replying to a thread that's a few months old already.

This is just whale pump and dump games happening now. If you look at BTC chart it has done this with each new high. I just hope it keeps going and going and going..  :-X

To be honest with alts there is sooooo much competition, it's always going to be difficult for them to recover, I mostly stick to the top 10 alts as they at least have a good level of visibility. The only problem with my approach is I won't make HUGE gains, the top 10 wont be x1000 coins. (Saying that bitcoin did increase 10 fold this year).

When there is a correction in the market, I just do not open the exchanger and do not read the news. I know that soon the price will start to grow again. No need to be nervous. Stay calm and this will bring you more profit in the future

Its really hard to day trade with crypto. I highly suggest you instead shy away from what you thought you knew about traiditional stock trading and do more fundamental analysis and news research trading. With crypto its all about reading about the latest developments to the coin you are trading.

With all of the happening and bitcoin going to more of 5 digits this have been hell for altcoins.
But I see others who can stay away from that hell and still come up with green ones. I guess this ones are fully supported even if there is an increase with bitcoin.
The problem is what are those coins. Better look at etherdelta again and see the ones on the top. They have been moving busy. Buy and sell.

Today is not a nice day for altcoins. We do not see nice days for a long time.
The price of everything fell. Those who realize the money earned

Yes but dumps are also profitable for short term traders, just buy some coins with huge trading volume + marketcap in corrections like this to make easy profit by just holding those coins for next few weeks.

Its all about patience and guts.

This is pretty much the approach I have to. If I see a sea of red then I will tell myself this is perfectly normal because if you think about it in the last two weeks or so we 2xed in marketcap and that was mad volume. Completely unsustainable and it was bound to correct. Also take into account that BTC was hovering at the 10k mark meaning that huge psych barrier was going to receive push back it was inevitable. Relax it'll come back.

btc is falling because the up in the last days was way to fast
and btc prize goes with alts thats why all falling but there are still promising altcoins that dont accumulate.

I think price will always fluctuate like this. But people who ave made since day 1 are the ones who held on to their investments.
Don't go 100%. I would say don't day trade(not an advice)
Put some every month

That's the key I think.

Best regards
Edi

As this is crypto, and this market being highly volatile this was to expect anytime soon. Bitcoin soared too fast and therefore a correction was badly needed. But not only Bitcoin to be frank, it was also the total market cap that grew too fast imho, so it was just a matter of time before some people pull out again. It will recover soon though, I think people are still bullish on cryptos.

It is one of the hardest times for me to navigate when day trading when the whole market is hit like yesterday. I find if trading the top alts it is okay as they tend to recover but if trading some of the lesser known or lower value alts they always seem to be hit hard. I tend to end up losing like a week or two worth of good trades in one day.

Money is already flowing back to alts, although i dont trust it completly. Hodl strong

Yesterday was the correction to the market. If you are not opening the exchange site and you will never see if the correction will be happening. This day as my prediction the price growth again.
I already bought the more coin. Altcoin will always try to back again.

Altcoins are totally dead with respect to their BTC based price. In USD price, they're still so so, but BTC values of them decreased like crazy. They created huge loss with BTC for their holders. Especially after august 2017.