Bitcoin Forum

Hi

Thread title says it basically.

Almost all Altcoins are currently falling, which means they are dumped for Bitcoins.

So Bitcoins should be bought and therefore rising => but they are also falling.

Why is that?

You thought that positive growth will be permanent?

because vacancy & airplane are not cheap ... ?

No but when Altcoins dump they are usually sold.

And they can only sell for Bitcoins which should then rise

It's the final shakedown of the tree to get rid of the weak hands before the August mega pump.

Altcoins are not always dumped for Bitcoins. In fact, they are often dumped for USD or other fiat currencies on exchanges.

With that said, I think in general this bubble has popped and we are seeing the beginning of what will be a long, slow decline as we have seen on multiple occasions already in the past.

Money is leaving the market. This is very consistent with the expected scenario. They all wait for segwit activation and before it we'll never see bright days.

Question is did they make a profit out of it or is it just a mere speculation again because of the August scare?
They might be hoarding a lot of USD now making ready for a big fall which I dont see will happen just like that.
Another story which somehow fails again and again.
If only there was a betting site into where bitcoin will be really going then I would bet up again.
No doubt it will.
Those who sold even their altcoins. Better see to it that you made the right choice.

Which are most likely then sold for fiat.

Mostly weak people dumps due to bitcoin split FUD. Another thing is the sudden rise of ICOs. ICOs are breaking records in a span of weeks. A couple f months ago MobileGo closed with 52 million usd but weeks later Bancor topped it with their 152 million usd. And just now ongoing Tezos ICO is already at around 215 million usd.

Just do not look at red candles. Come back in 3 weeks time to see lots of green ones.

If u re not a speculator, dont trade, just walk away.

As we all know weak hands dump their bitcoins nowadays because they are scared of the upcoming fork in August 1. In addition to that, whales are probably dumping to bring down price of bitcoin for them to rebuy at cheaper price but after this bitcoin would recover so for now all the money goes to fiat.

doh! because ppl are withdrawing fiat to take profit and going on holiday and buying cars.

This what happened with bitcoin when people were selling ethereum, what people are basically doing is selling their altcoins to get fiat but as bitcoin is currently the easiest way of getting fiat people are dumping alts and buying bitcoin and as they want fiat they end up selling those bitcoins also which leads to the fall of bitcoin. This happens most of the time nothing new

This all is happening because everyone is not certain about segwit2x implement result, so in fear of the price can go down so everyone wants to cash out and waiting for the August 1 and if the price dumps then they can buy back in low price.

I dont really expect why the altcoin is falling down in its price and i guess it is a normal thing falling down and pumping of the coinsbest in the market so i guess it will also pump a lot after some months or year i dont think that this will be the end of the cryptocurrency

So we have another bloody week for the whole crypto market? This is just happening because of the FUD being spread by those people that wants to earn and wants to buy when the price is becoming lower. And this is in favor of them but for us who are long term holders we need to surpass this feeling because it needs to happen.

We were having a very good rally for the past few months and i expected this to happen and it happens in every market,so it is not that strange and i am sure it will recover at a later time,so if anyone invested in any coins and the price went down,do not worry,the price will recover at a later time but makes sure that the coins you invested are good coins.

Almost the same scenario happened last time everything is on red. And if you are expecting when the alt coins are falling then bitcoin is increasing? I don't know but it's totally different now. It's like a domino effect and big profit takers are starting to withdraw their profit into fiat and they will enter again when the price gets lower.

You're right, money is leaving the market for fear of what August 1st would bring and that is expected. Now until the day comes by, we're in for more "red candles" and the money is headed straight to the fiats, because some people are sensing a threat to Bitcoin, is a threat to all cryptocurrencies. Some of us however, are going to be right here waiting to board the lunar flight!

Alts and bitcoin falls because of the holders cashing out,
The alts drop down because they took their profit and it also goes with bitcoin.

At best it's price neutral. People swapping alts for BTC takes place on alt exchanges. Bitcoins aren't for sale for dollars on there.

More likely it's price negative. If people are dumping alts they'll then sell those bitcoins for dollars or whatever.

And most of that money never really existed anyway. It's all hot air and it's leaking ever faster.

Since the currency rose these recent months, people are offloading their bitcoins so that they may reap their investments, we are all investing so that we can cash out at some point and some people have reached that point.

maybe people exit from alts to bitcoin then exit to fiat :P

Is anything in particular happening on August 1?

Well, that's the normal dynamics of any market around the world. It mainly follows the demand supply chain and public sentiment. If majority of the investors are bullish about a particular asset, they will invest in heavily and the demand will increase. So the if the demand increases, the price will also increase.

On the other hand, if the majority of the investors and bearish about any asset, they will start selling it so the supply will increase and the price will decrease. Currently most of the coins are facing price correction and so as bitcoin. It is the best time to buy more at a cheaper rate. 

To tell you the truth, either nothing or something very good for BTC. If somebody is cashing out his altcoins it should be to get some fiat ready and waiting in case dumbasses panic and sell their BTC.
BTC is falling mostly because there's no buying pressure. If people don't buy it won't keep steady because of mining. Miners are regularly selling to pay their bills, so there's always fresh coins on the market for people to buy. If there are no such people we have a price drop.

Another thing note is that if you had fiat and knew there's a possibility of a drop in the coming weeks, would you buy now or wait and see?

Bitcoin and other cryptocurrencies are falling all because of analyst speculations, people are afraid to invest more money into it at the money for the fear of losing it all.  Late investors are really skeptical at this juncture, they  fear a deep plunge after the recent price skyrocketing.

Bitcoin is going down because the ICO developers are selling their ETH for BTC and then selling BTC for USD and then selling USD for Lambos/Blow/Hookers.

http://imagizer.imageshack.us/a/img923/1126/sbDA6E.jpg

Source : https://bitcoinmagazine.com/articles/countdown-segwit-these-are-dates-keep-eye/

No such thing as eternal growth. Whenever Bitcoin grows, the alts grow even more. Whenever Bitcoin falls, the alts fall even harder.


♫ It's the circle of life... ♬

Probably a lot of people are dumping for fiat because they see the correction happening or they fear the fork coming. I will just hold Bitcoin for now because I would rather keep it than sell. I do some trading, but right now I would rather try lending out for profit because a lot of people want to borrow right now.

Because it is a manipulation to the market, there are some groups whether they are the whales or exchanges could make bitcoin price drop like this, they just encourage for more people sell bitcoin but I don't think it works as people know bitcoin will rise and may in rally again after August 1st if segwit2x be implemented. Just wait until the bottom of the dip and buy more bitcoin, do not be late or you will miss great opportunity to get cheaper coins.

Agree, If you want to succeed, think about its success, do not think about the difficulty. Because it will bother you in enjoying the process.

I think this is a very good point about ICO`s.

Some or most of it are going to other traders. Well, in cryptocurreny trading, just like in any ordinary trading like forex, there will always a winner and a loser. The winner will get the loses of the losers and most of the consistent winners are the most skilled traders and the most lucky ones.

The cycle of cryptocurrencies always repeatable, current dump consider as normal as we've been going through it many times in every year, in every big news/issues. People know there is a big chance for bitcoin to rise if segwit will be implemented as it resolve some problems regarding high fees and unconfirmed transactions.
Where is the money going? It is save in investors pocket until the right time to buy back. they just influence people to sell bitcoin to make it drop further. We may see bitcoin price increase as fast as its decline yesterday even more, because people seems cash out their money from altcoin to be invested on bitcoin.

i think this will be remembered as the great bull market of 2017.  wonder whats next?

Bitcoin is the 'Locomotive' of the crypto economy (about 50% of total crypto market capitalization)  ... it is understandable that any rough movement in bitcoin community will affect the others blockchains. Trading is all about read the psychology of the crowd... since march of this year we been in a bull market up to $3000 (resistance line) ... I think now the smart money is cashing out and I have no idea where they going to invest their money ... bears are taking their profits... taking advantage of the political "problems" we are going through ... I'm not sure where I should draw my support line ... I'm expecting something around $1600
...but by the end of the month we will see what bulls and bears are up to ... so be prepared

I do agree with that technical analysis here ...

https://www.youtube.com/watch?v=lmuYDpKV1Ks

but remember that different traders have different views about what they think the market looks like. On websites like tradingview you will see hundreds of charts and analysis often one contradicting another. So do your own research... it is a minus zero-sum game.

and be prepared try to be on track ...

https://www.youtube.com/watch?v=2k6I7NYvgIQ

I have been screaming on top of my voice and saying stay away from alts, they are not good at all, but people just won't stay away, and alts falling and Bitcoin rising is not at all related. Alts fall cause they have a history of failing, they look good initially and then all of sudden go bust look at one coin. Bitcoin normally falls a bit but now it's due to August 1st post that I expect a huge rally coming in Bitcoins. Also Bitcoin works on demand and supply principles.

OP, you really need to get a grasp of markets and how they behave.  It should not surprise you that alts and bitcoin can fall in tandem.   The bitcoin gets sold for fiat or spent and then gets converted to fiat, that's my guess.  Also if there are more sellers than buyers, guess what?   The price drops.  It's not brain surgery.

whenever bitcoin falls, altcoins fall harder. it is never the other way around (selling alt to buy bitcoin). that is not how things work.

and if you look closely alts have been in a very big bubble for some time now which is now bursting. it actually started a while back before bitcoin had this recent drop of today. the drop just became faster when bitcoin experiences this dip.

and also if you look more closely not all altcoins are dropping. some are still there keeping the price up.  but only those heavily pumped alts such as ether are biting the dust and going down fast.

Alt coins matured, and are now somewhat independent of bitcoin.  You can see this by the fact that since quite a while now, bitcoin's volume is 1/3 or even less of total volume, which means that bitcoin is NOT the "partner" in most alt coin trading (if it were, bitcoin's volume could never be less than half of the total volume, and in fact more, because there would be bitcoin/fiat + bitcoin/altcoin trading).

Alt coins are now separate from bitcoin.  But they are all part of the crypto speculation domain.  Crypto has been in a huge bubble, since, well, since it got into existence essentially :-), but it got crazy since beginning of 2017.  No surprise, crypto IS speculation for most part.  (the "real world use" is negligible as compared to speculative trading, also for bitcoin).

It is true that price-wise, altcoins are falling faster than bitcoin (as they rose faster during the rise of the 2017 bubble too), so bitcoin is gaining market share (from 37% at its lowest to near 50% again).  But this is not because people are fleeing from alts into bitcoin.  It is because people are fleeing somewhat faster from alts than they are fleeing from bitcoin.

There is no distinction of principle (any more) between bitcoin and alt coins.  Bitcoin's first mover advantage is eroding away (and is seemingly "winning" again somewhat, but simply because it is falling somewhat slower, not because it is taking in from what came from the alt scene).

Hard to say what will happen next in this entirely speculative game.

I think most people are selling their bitcoins as a reaction to the market, especially the ones who bought bitcoins when prices were low and are in good profit. It's quite possible that the initial dip on Sunday was due to few whales selling off their coins until August 1 and others are reacting to it by cashing out their coins. It's comparable to the situation when you bet $50 and it goes up to $200 then falls to $100 and you fear to loose it all.  :)

It was probably even worse that the dip started on Sunday (Weekend) and that probably didn't allow the price to stabilize and once it fell to a certain level then panic set in. If what I'm thinking is right we shall see an upward movement of price sometime later today or by tomorrow.

with bitcoin it is all about the drama that the whales also love. the weak hands combined with the uncertainty is leading to the sell offs and all the shorters enjoying the period to buy back more coins at the bottom at cheap prices. and sadly it may last awhile too.

with altcoins it is the end of their pumping season. it has started a while ago and as i have said this multiple times now, with small altcoins they die nearly instantly after the pump. you can see it as a sharp drop nearly the same size as their pump.
with bigger altcoins which are on top of the "lists" it takes a longer time because they have more newbies with high hopes. you can see that on their charts as a downward spiral where price starts dropping, it goes down 20% then recovers 5 to 10% then it stops there to let the orderbooks get a bit bigger and then drops another 20% and so on until it reaches the real bottom value of these altcons.

A lot of investors/speculators are selling Alt coins and Bitcoins to be in a good position to have fiat/cash available when the price drop, just before the 1st of Aug 2017. {SegWit Day} You cannot buy cheap coins, if you have all your coins tied up in Alt coins & Bitcoins. I also sold a few, just to have some fiat readily available, when the price drop. Now it is just a waiting game to see how many newbies will panic and then the big party will start again. ^smile^

the money is going back to fiat ofcourse

Good question.When alts are sold and its price decreases,mostly investors buy bitcoins and so bitcoin price rises.But here bitcoin price also has not risen.It shows that sell order is also high for bitcoins in comparison to buy orders.The reason may be some f bitcoin investors may be selling their bitcoins due to the fear of hard fork.Otherwise,bitcoin price would have gone high.

Actually the main reason of the dump in the price is due to the rear of panic to loss the Bitcoin in fork ( that is fake new spreading like a fire in the Bitcoin market ) .So people are well as Thier Bitcoin fastly to keep himself away from any type of loss .
And few of them are afraid that they will get loss in.the altcoins also ;) . That is only stupid fear by many people .
Here about most.of the newbies are selling altcoins for Bitcoin and selling Bitcoin for fiat and making the whole market to go down .
Well here you don't need to take tension , everything is safe in the Bitcoin , if you are feeling anything unsafe then transfer your btc at
Official wallet of Bitcoin and pause your altcoin trading until the first week of the August .
And make yourself free from any type of the tension .

They are selling all their holdings because they want to buy more bitcoin if the price of bitcoin will drop this August 1 others are just simply panic selling.

For My point of view this is

*Panic selling of Altcoins by most of the traders because they see it falling.
*They think that Segwit will cause Split forks that will be resulting of low-valued Bitcoin afterwards.
*They converting again their Bitcoin to their own FIAT money.

So for this event that is happening right now is inevitable, it is just what will you do if you already invested, it's either you stay or go away with others.

I make a new altcoin, mint 1,000,000 coins  and keep them all myself, I list on an exchange and sell  10 to my friend for $100 each, the market value of my altcoin is now $100m.

Where did all the money come from?

Same as where it is all going when the prices go down, its all in your mind :)
 

They're probably being converted to fiat maybe until all the buzz on bitcoin's forking event settles and certainty regarding bitcoin's future is back(?)

Just a simple realization and a little common sense would actually answer this question If altcoin are falling together with bitcoin this means people are cashing out on fiat money. They do sell of their coins exchange to bitcoin and then bitcoin to fiat. As simple as that and I think the main reason here is the segwit2 fuds roaming around which those weak hands tend to secure out their money first.

True, unlike before, bitcoins and altcoins are no longer in opposition to each other, they tend to grow together, which makes people worry as bitcoins are about to change, so they simultaneously sell Their money. That's why all currencies are down.

Maybe because there are some disturbances happening on the price value changes on the market that is why bitcoin and altcoin is dumping at the same time. Or maybe because of the mere speculation of the what so ever event that will happen on August the first, the stock market specially the major investors are holding or hoarding the price amount for the preaparation and assurance of the upcoming event. But let us not conclude for now of its negative impact. We still have couple of days to observe the changes happening between bitcoin and altcoin. Still hoping for the price pumps.

many are selling bitcoins nowadays because the panic of 1st August, and as altcoins are related in their prices in Bitcoin the whole market is going down. But I think everything will going normally after the first of August.

ETH started falling as a result of congested blockchain issues during ICO's and is falling further with market uncertainty surrounding BTC future, so most ICO's who raised a fortune in ETH recently are forced to sell funds raised to reduce volatility which is further exacerbating it.

Illiquid Alts in the face of ETH & BTC falling are naturally following suit and falling even more aggressively.

So ETH is oversold imo and once it stabilises and recovers, alts will follow. Massive ICO's are incredibly bullish and in the next few months we will also see a lot of major releases of applications for DAPPS who's price has been mostly speculative to date. (REP, DGD, MAID, GNT, STRATIS etc..)

We had the currency boom (BTC & co), followed by the platform boom (ETH & Co) but we are just about to have the biggest one of all, which is the DAPP boom, where real businesses are disintermediated thanks to the foundation decentralised currencies & platforms have laid.

Since the total market cap has fallen a lot lately, it's to be assumed that some of that money is going back to fiat.

Whales, whales and whales. They are the main reason why everything turns into red and right now, they have collected a lot of money from late investors. They are really happy right now and I believe that the bubble has officially exploded. Everything will be very dark in this month and also the next month

There is no such thing Forever, as well as bitcoin ..
But trust me the bitcoin will rise again, sooner or later ...
So for now just save your bitcoin

That is normal maybe this is the red days but as I think maybe a month for the price to be recover and as soon as that will happen many of the people who buy bitcoin or altcoin now will get a benefit at the future but the most important is hold as long you don't need it because I am sure that maybe next week or month the price will pump again.

I agree, they are converted to fiat in preparation for BTC dump once FUD take effect.  August 1 update is for the scaling solution which had been one of the major problem of Bitcoin.  Whales know that this will bring a good momentum to Bitcoin but them being clever creating FUD out of it by spreading news about chain split.  They knew lots will be shaken and sell their BTC in cheaper price so this whales need a lot of Fiat currency to catch this cheaper bitcoin.  In order for them to have more fiat without converting BTC, they need to dump their altcoin holdings.

Best explanation here but very few really understand.
When some noob opens a thread that the marketcap of coins has dropped by 20 billions 99% will think that 20 billions worth of coins have been sold.

In reality it might be as low as 20 millions.

Another example.

An altcoin has 1 million coins listed at 100$ market cap 100 millions.
Somebody sells 1000 coins , price drops to 90$  market cap is down to 90 millions.

So selling was around ~ 95 000$ but the market cap dropped by 10 millions.

That's why coinmarketcap values coins according to circulating not total supply...

The coin in your example would have a valuation of just $1000 on https://coinmarketcap.com

Marketcap in an illiquid market can be bogus.  But market cap in a liquid market is a relatively good estimation.  If daily volume is $3 billion or so, and the market cap has fallen by 20 billion over 5 days, then there HAS essentially been going 20 billion gone out of the circuit give or take a factor of 2.

Does anyone trust BTC here?? I see lots of people panicking most of the time even when there is a small dump on the price of BTC. I can agree that people are unsure about Segwit right now and selling. Some of the altcoins are recovering right now and hopefully, we will see some upwards fashion now in the market.

Personal i think panic sell gives always loses. But i do understand why people do that. There are lots of reasons why people buy or sell alts.
There are daytraders looking for fast profit and long-term supporters. Long-term currencies with active team & community and new developments & improvements will have a good future. BTC will also stay number 1 for a long long time and value will grow more.

Many people do, but those who panic are more inclined to post about it and release some steam.
I'm not worried at all, but that's mainly because I haven't invested anything above $2000 and I've already taken some profits when we were close to $3000.
I trust Segwit because I've seen it work wonders for Litecoin and I'm holding some ~$1000 Bitcoins so I'm fairly calm.

There is nothing mysterious if altcoins are dumping and bitcoin is not pumping then the only explanation is that money is leaving the market for good, It think this is unrelated to the August first date because if it was we will see people dumping bitcoin and getting altcoin, so I think what we are seeing is just the whales grabbing their profits and getting ready for the next bubble.

I also trust Segwit, also because my favorite altcoin Magi XMG will also add segwit. Iam also very calm and without worries.
Fair and trust take time.

Most likely into FIAT and riding on the sidelines until there is more clarity in the market after August 1st (BTC issues).

This is a normal thing in bitcoin world, actually.
Every price really cheap and all.

Looks like ppl turning their alt and bitcoin into fiat.
So it will be more secure for them, and it makes them feel more "safe".
They prepared for the dump and the worst, I think.

Just be patient with it, we're gonna get through this.

and segwit may make bitcoin split into two like ETH and ETC so I think most bitcoin holders will turn bitcoin into fiat. not all holders are brave enough to keep hold of bitcoin at the moment.

All ICO's wanting to unload to fiat, should all sell through a balancing smart contract.  A contract could be designed to allow huge multi million dollar/ token sellers to maximize their selling without driving the price of Eth down. Kind of like a traffic light and speed limit signs is to autos. Creates an orderly exchange instead of an imbalance. Thats killing the market..


I also have a conspiracy that involves central banks and the US government trying to stop the death of the dollar by new money exploding into crypto. They may have had a hand in slowing things down a bit. We will see.. My gut is we will start another run to 4500 BTC this month..

Interesting idea, I'd like to hear more arguments for and against it. The first ICO that decides to unload a large amount of eth has a big first mover advantage in terms of achieving the highest price when selling.

In the market all value doesn't go upwards forever even other resources such as oil, copper, gold goes down as well. It's completely normal for currencies such bitcoin for the price to go down people should understand that the price will not forever go up but rather should consider this a chance to buy bitcoin's while it's still in a dip. Bitcoin is strong you dont have to worry, you can safely store your assets into it and it has already graduated from price volatility as many investors such institutional/merchants has showed some interest in it and invested millions of it but doesn't panic with this price dip as the price will sure go up once again.

You are right Sadlife. Btc, eth, xmg and all other currencies will have value coming in waves with ups & downs.
In the mean time more & more people and organisations are looking into digital currencies & the blockchains.
Econimics are reading a lot about currencies & the markets. It will only grow bigger!

Yes its good question even i was thinking the same altcoin dump for bitcoin so bitcoin transaction more and bitcoin should grow. But here most of the crypto currency converting into FIAT currency that's what my assumption.

Devil's advocate would be that Bitcoin could be the one stable crypto when alts start dropping. But that hasn't happened, so looks like you're right.

many traders is trying to sell their coins because they don't want to be late if the price is getting down more deep and if they can sell now, then they can have bitcoin. although their bitcoin is reduce but at least they can sell their bitcoin to changing into fiat so they can buy bitcoin back if the price is really down.

 I think that because of the 1st August SegWit activation many people is letting their coins go, and with all the instability around bitcoin after 1st August, bitcoin and altcoins value wil decrease, maybe a lot, but I think when it stabilizes the value will go above he current top value !

Altcoins can be sold for money too. But if they are sold for bitcoins and after that bitcoins are sold for money only logical move for bitcoin is to decrease in its value.
By the way, what do you think where money go? Where does your money go when you sell bitcoins for money?

There’s definitely some uncertainty being felt right now, which is reflective of the price of not just bitcoin, but alt coins, as well. Some think that it is better to stay in the sidelines and preserve capital than risk losing more if the price continues to plunge.

That echoes my views.After July, those who are selling will repent their decision.
Not only btc will break all records but top 20 alts will also be on record high.

Money is not going anywhere. IMO the hype is over and demand is decreasing a lot. (new people invested as much as they could afford)
So now when demand is lower it is normal that the price is going down.

We can panic when BTC price goes under previous ''bubble'' ATH (1150$ - in 2013). For now it is all just price correction. At least that is what I think.

You must be new to the crypto world. A quick rise, followed by a prolonged downfall is the norm here. I'm not surprised and I'm absolutely positive that Bitcoin and other altcoins will pick up their pace again.

And that is exactly what he said. He minted those 1 mil coins or put them into circulation. From his wallet to another of his wallets.
And coinmarketcap will take into account all the minted coins or "circulating coins".

They don't do statistics about how many coins are in the wallet of guy that started the shitcoin.


It's usually whores,cars,drinks and ...you know :).

Money is in the money. It is not unusual for the market to be down for a temporary time. It will be all right at a time.

That's a trading, there will not be anything it is above (green color) for sure one point altcoin or all the things about the economy will be colored red. But it won't be forever, all we can do. Just need time to be able to do it, and if we can not wait can already ascertained will get a lot of losses. Be someone who can always do an analysis and reading of data, so it doesn't matter if there is something to do about the color red or green

If all cryptocurrency is falling in terms of price then one thing is for sure. All investors and traders are pulling out there money as I don't know the main reason why but I think it relates to the August 1 thing that will happen to Bitcoin in which Bitcoin's future is still uncertain. People are now converting there money to Fiat Currency as it is much more stable compare to other cryptocurrencies. I guess it is an act of preparation on the investor's side that is why they are doing a sell off.

I think this is a feature of the crypto currency, for the summer many assets reduce the price and then start to stabilize and grow up. The price can not constantly grow up.

Alts falls because of the holders cashing out their money but bitcoin falls maybe because big traders try to make a trap to get bitcoin cheaply, but you do not have to worry about it because alts and bitcoin prices will rise again.

Final destination is China in a mansion called "Wu and the sons since 2009" who is more invested in bitcoin other than Chinese and especially miners?
We need to establish some sort of union to deport these pump groups out of crypto land, bitcoin even is not currently in use as it was intended by Satoshi, they're pump and dump on a daily basis and everyone just comes here and avoids talking the truth because they are scared of what I don't know that.

In my opinion, it is because people have sold btc to cash. Maybe they are afraid of the change on August 1 that will make the btc price fall sharply and they choose whether to sell the security right now or because they are in need of cash for personal purposes. But for some reason this also has the effect of lowering altcoins and btc prices.

You propose to regulate the market for crypto currencies? It contradicts the idea of crypto. If we follow your logic, then tomorrow will be encouraged to block Japan because there are developing stock exchanges and they also buy coins. Then Canada because there are large power mining. This will lead to chaos.

I also finding the answer of this ridiculous nature of crypto market, I lost almost 300$ because of this altcoins price are dumped.
I think there are two reason behind dump of altcoins, one is 1 st august and second is icos this both are playing high role in dump of altcoins and bitcoin to. We can hope that price will rise again after 1st August

Altcoin go to bitcoin and bitcoin go to fiat,that's what happen
August 1 is feared by many weak hands,they will not take risk for what will happen later
But for pro,with this red candle going on,it is time to buy coin that will have a big future and make profit in a couple of months

I'm proposing what and who is listening that has such power to regulate crypto? all I'm saying is pointed at traders with parkinson :D poor things can't hold something, they just dump, but the important part of this story is where all of this started?
When Wu announced and threatened to hard fork and split bitcoin = Chinese manipulation = don't sell your coins and let them mine instead and when they see mining is what got them here in the first place, he wants not only to mine all the coins but also wants to mine them faster since he c*ms as soon as he touches a boob :D he doesn't want to see anything with more stamina and delay even if it's a soul less network :D
I don't know how many times should I humiliate and insult him :D

yeah there's no doubt that all the money goes to those people who have bought a lot of bitcoin so cheap in early  2009 or so and still holding it until they decide to sell it gradually a little by little. and recently they might have done a pump systematically , that's what i believe . an early adopter still out there holding tons bitcoin waiting for the right time to execute the market.

People who are into bitcoin from the beginning will be holding a hell lot of coins and people who are holding those wont sell out everything right now as they will be holding atleast ten percentage for the future and if the big holders were to see the coins now the price would have gone down already and that is not the case.

There is an unnecessary but inevitable panic over the soon coming fork in the Bitcoin road.  It will not have a long lasting effect, worry not my friends! Bitcoin will be worth $3,000 by November.

Money is going to FIAT to hedge for the bitcoin fork IMO. Market cap has gone from 114 billion at it's peak to low 80 billion as of right now. A lot of ICO projects also cashed out to cause this.

Maybe :) but for now I think this is just a bounce, things will go down a bit more before going back up, but nobody knows

As a way to stay safe regardless the way things turn out after August 1st, but should the price of Bitcoin plummets soon afterwards, I'm afraid the selling price of any of those would not be able to buy back the original amount of Bitcoin. Better way to stay safer, must be not to liquidate all.

The August 1 event is creating a panic to bitcoin holders and some cryptos are being dragged into. I dont panic at all, lets see what happen and stay positive after all,  these improvements are for bitcoins own good. No matter what  happen i still believe in it.

Lol I have been asking myself thesame question too. The more try to solve the mystery the my head hurts. I didn't go through the comments before replying maybe I will get some good answer if I do.

Money does not go anywhere, it's the risk when you use a virtual currency, the money you invest is real, but its existence is always virtual, and it can be lost anytime.

I think that before buying bitcoin, it is better to wait until the price stops declining and stabilizes for some time before buying some bitcoin, the most important thing is to buy bitcoin at its lowest value so the only thing that bitcoin can do after you buy is to go up, that way you can get some very easy profits if you are able to determine the floor of the price of bitcoin.

The money is leaving the market that's why nearly everything has dropped a ton the past few weeks. Think about it, 30 billion us dollars have been flowing out of the market in the past 3 weeks. That pretty much explains it all.

The price of bitcoin is the last price someone paid and someone sold for it. Nothing more, nothing less.

When someone who got in early sells and makes $300, someone who got in later loses $300. It is a zero sum game. For everyone who makes money, someone loses money. This isn't stock where there is a business behind it with profits, losses and reinvestment and where people are employed. This isn't a bond (loan) that generates interest.

And it isn't a dollar. A dollar is what things are priced in. It is not a speculative asset. You can't compare the "value of the dollar" against an asset value because the dollar is what things are priced in. Nobody holds dollars. They hold stocks, bonds, real estate, etc. And most people are short dollars, they have borrowed dollars and bought assets (mortgaged homes, financed cars, etc.).

Additionally, money is taken out by miners in terms of coins mined and transaction fees. Every time an exchange is made, money goes to the miners. If the transaction fee was 1%, after 10 transactions, the miners own 10.46% of the bitcoins transacted.

There is no money "in bitcoin". Bitcoins are exchanged for a price. If there are no buyers at the current price, you can't sell. You can only sell to another buyer. And there is nothing behind it. Saying "there is nothing behind the dollar" and trying to compare it to the dollar doesn't make sense. Things are priced in dollars. People don't buy dollars and hold them hoping for a gain. They buy homes, stock, bonds, real estate, clothes, food. They get a paycheck each week and either pay down borrowed dollars, buy assets with it, put it in an interest bearing account (which is a loan to a bank, it is not dollars), buy stock, etc.

So, where is the money going.. money is being taken by miners and early buyers and money is being lost by people who bought in recently.

This.  A big amen.  The essence of crypto is here.  A zero sum game, a pump of value from greater fools to earlier fools and those having their business around it (like miners and exchanges).  Which doesn't mean it cannot be played, if you think that there are still a lot of greater fools, that will pump their value your way, of course :)

As you point out, it is not even a zero-sum game, because mining makes it lossy.  Value has to be destroyed continuously by bitcoin and every other PoW coin, in order for it to keep on running.   As long as this was compensating seigniorage, this could have a good effect (creating coins wouldn't be pure seigniorage as you have to waste most of it, the inflation tax doesn't go into anyone's pocket (= seigniorage) but is burned into heat of mining equipment).  But in the long run this is not sustainable: you have a zero-sum asset with a value leak in it.

Who said that alt coins have to be sold for bitcoin, this is not the case, and while when alts fall and bitcoin rises may be applicable in some cases, this time it is not the case. Bitcoin is now falling due to one main reason. Pre segwit anticipation. People are afraid of the hard fork and segwit on August the first and due to this they are selling their bitcoin. I wouldn’t worry though, I would expect prices to easy go back up after August the first happens.

I am just curious if you believe what you said..
then why did you vanish from the Altcoin section ?

You have been gone ever since the great hype started and prices hot up.
Before that you used to run around the alt section defending Ethereum and trashing alts with "Zero sum game" commentary.

It's been what months since i seen you in that section ?

No one cares..
Gimme money.
Fuck you.
Fuck honesty.
Fuck integrity.
Fuck class.
I need to get paid.. i have my mouth to feed dammit.

I see the 3 guys with me in the Altcons section *STILL*
And Dino you are no one of them.
WHEN you went into hiding is the key point here.
Makes me wonder WHY.

The fall of bitcoin and alternative crypto currency is not particularly to be feared. All this is temporary, as has already been the case for many years.

But for some this cause a panic and immediately sold off  their stash. But you can't blame them. That is how its works in crypto. FUD=panic sells, Good News=panic buying. But for those who are really in the game for a long time, a small price dip or price hike didn't affect them because they already know that its gonna be temporary and they just hold on their bitcoin. I think the money is going where it should be, to the people who are cashing it out and used it for whatever reasons like going into vacation or purchasing other items.

This is because of this SegWit activation thingy, it is trending on this forum last week, I hope you are reading stuffs here. The splitting of bitcoin make this scenario happens, all of the Altcoins prices, and bitcoins price was in a huge DUMP, but it is okay right now, though there is still a lot of Altcoins in the market which is not yet rising from its DUMP.

And since this Hard fork thing is done, bitcoin is now targeting its next price which is $4000 and $5000 per bitcoin, and that is what I'm waiting for. :)

Ah, if price movements would be so simple and logical as you suggest.

People still fear of Aug 1 and some re reducing their crypto positions. Some do buy BTC. However, I do see strong alt growth after Aug 1 and I do not make mistakes very often about price.

But 4days ago btc price starts to pump up again and became even higher than its price before the continues drop started. But still unless segwit is done we wont really know whats going to happen.

When you see bitcoin rising prices you'll also see Altcoin prices go down, so it would be like that any time, people sell altcoin due to get huge profits selling bitcoin.

Nothing spectacular will happen.
Segwit will get activated there will be no chain split no 3 bitcoins no nothing.

And the market has already taken that into account.
The price are at the level before the whole segwit core unlimited  etc etc drama started.

Into the pockets of peole who sold.

The BCC hardfork is still going to happen on August 1 and Segwitx2 is also still up for debate. I doubt that BCC will become much more than an alt coin though, as it looks more like a last ditch effort to get rid of Segwit, whatever the cost.

Its not really necessary for those who sold their alts just to buy bitcoins since some of those holders do tend to sell off for cashing out on fiat without the plan on putting or buying again on bitcoin and they are not always been correlated which means random dips and rises would really be seen. If you see reds either on bitcoin or alts then just one thing to be say on which people are switching out to fiat.

yes you are right the bitcoin is not same for those of sellers and the investors. Personally I think the panic selling can give you loss instead of profit but the reason behind selling bitcoin is common by all now as there are some traders they look for the fast profit and they want to get rich as fast as they can they don’t wait for the price to get more high.

It potentially goes to people that have bought on panic selling and sell when people are greedy. This is easier said than done though.

Oh, there's the money.  I think we found it!  @coinmarketcap: Market Cap: $95,667,404,414 / 24h Vol: $2,204,774,246 / BTC Dominance: 47.4% The markets ebb and wane; those who understand the ebb and flow of the markets, know where they're going....those who don't, need directions.  Patience!

Thats actually because people are chasing out their cryptocurrency for fiat, this may be due to doom and gloom being forecasted by the so called analysts and others using it to buy precious metals like gold and silver which is far more stable than cryptocurrencies.

Finish at now, need wait till Trump print more.

it is just a matter of the law of demand and supply in the market. When good traders feel that there will be greater demand for bitcoins based on market impulse, they will transfer their coins to buy bitcoin ahead of time and watch their income grow.

That right, because if you want to get success then you have to go through distress.

agree with you. That is why based on Tim 4 hour week book, you can be effective and feel stress-free if you only work 4 hours a week and spend most of the time doing things that you love without stress at all.

Should I Say ' Bitcoin Falls, then Alt Falls', its obviously observed, when the mother falls, the children follows.

Bitcoins and all of altcoins price went down the money go to the fiat money, the traders who has large of capital, they sold out all of the digital coins to fiat and hold it because the fiat money is the most stable than digital currencies and it is more safe, they wait until the trend of price start going up again then start buy back again.

Because it was the main victim affected by the August 1 event, its price was falling. Besides, when other Altcoin are falling they still believe in Bitcoin so it is normal to dump them all into Bitcoin. Besides, the price of Bitcoin is low so buying and storing it is simple. They are doing it

How would supporters of altcoins not trying to say that bitcoin passed their position but it is not. He remains No. 1 in the world of crypto currency and any problems with bitcoins is immediately reflected on all, without exception, altonah. Even when the price of bitcoin dropped to $ 2,100 a decided to buy a bitcoin and I was right.

Bitcoin is just like the father of all altcoins. Their reputations and potentials are mostly coming from bitcoin - not 100% but at least with bitcoin, people already have mindset and knowledge about bitcoins and there is easy adoption to altcoins by them.