Bitcoin Forum

OK folks it seems all alts are going down for some time and going down pretty good... is this the start of the bubble popping? It was expected to happen sooner or later.

Nice to see how people call this a correction but it might be a huge one.

Yes, dump a lot, it's a normal adjustment to market, i think all the things will be back to normal in few days.

A market correction. In my opinion that's a good thing, healthy for everyone. If the market only goes up the correction is very painful

I agree but I do not know what is the deepest dump it can go. I If we know its already the deepest dump. we can start buying then since this is an opportunity to have a good profit. But it seems the support is on the observation mode  until the segwit 3x will be implemented.

Corrections don't fall this big.
Like you said it is a big one and it will be hard to recover from this.
I guess it will be our support with our own invested coins will be the answer to bring it back.
For now, I am still on hold with my altcoins and just letting it be.
Besides, there is no profit even if I withdrew it.

This is no corrections. There is blood on the streets.

This is a crash.

Lets see when it recovers.

The one who bears the bears now, can jump on the bulls then. So for now it is hodl as damage already occured. But damage is virtual unless you sell your precious coins.

The AltCoin decline will continue until around late september.

I think its somewhere between a correction and a crash. The alts that lack any real value will fall more than the good ones which will recover slowly but surely.

No, this is not the start. the start happened a while ago (mostly about a month ago) where the first drop from top began. now you are just seeing that same process at a higher speed.
- at first the whales dump and the rest of the experienced traders follow by selling and getting out. at this time newbies become back holders.
- then more newbies come in and start buying thinking they got lucky to be able to buy "cheap" altcoins.
- then more dump happens and the second group also becomes bag holders.
- the final step before the doom is now. when another dump comes and all the two previous bag holders give up hope and start selling their bags contributing to an even bigger dump. some people call this panic sells! but in  case of altcoins i like to call it a late awakening.

It looks like choppy waters ahead for the next few months for sure.

I'm a newbie since may and this is so right...

I did already left the ship (break even).. First I went from altcoins to LTC and BTC but I sold this as well for USD... Do not have the balls to HODL..

IMO this going a lot further down and there will be a way better opportunity to buy in again then just holding.. Should not have listened to all those bag holders and sold the whole portfolio when I had the feeling a couple of weeks ago...

Oh well... It's been a good lesson...

will this scared off all the "newbies" ?!?!

Welp at least not this one.

Good time as a cleansing process for all the coins got pumped for no obvious reason or substance.
It is pretty a good timing for bear as there is not much exciting news around that time. But this is not forever. Aug is coming.

Bubble popped a couple weeks ago.  Don't remember the exact date offhand...I did post a chart or two around the time it happened.  I didn't get out at the top but did get out at confirmation of the pop and went around 90% cash at that time.  I didn't do everything right but did quite well.

Well... you have to make the decision for yourself of course..

Respect for holding your shit  :-*

What I'd really like to know is when is the correction of the correction coming?

People are going crazy about the crash and i am here eating popcorn with a smile on the face.
A crash like that is the best time to get some profit and speaking about bitcoin, long-term holders do not care about this crash or any other in near future.

Time to load up for incoming ICOs.  This is the future.  Call me crazy because I caught the bug.

Sounds about right but i pay little attention to market prices.
The reality is a lot of people showed up buying far too many different coins inflating prices to obscene levels.

I kept telling these guys unless the crowd showing up continues to keep growing it will slow and crash.
Looky looky.. guess who's right again ?

The new guys here have not had the pleasure yet of getting a Spoetnik "I told you so" yet  :D
There will be more too  8)

Idiots fail at basic math.

It's a bandwidth issue..
If you don't have a larger and larger mob of new users running in here you fail.
So it's like they have to keep doubling each month to sustain the prices.
Or buyers dry up and the prices stall and tons take their profit which shifts momentum..
Then the recession ends up smacking idiots hard.

Want to guage coin prices ?
Simple keep tabs on how many new sign up's are happening at exchanges.

By next week I think every panic traders may have sold off their position to professional traders and again wait when the price pump to $2800 and buy then another bubble and the amateur will still buy expensive and still sell cheap to professional traders again and the cycle continue. Panic cost you to loses reality and money be wise.

bubble create and break is the nature of finance.
some guys sell and some guys buy
maybe it's a small callback

yeah.it's good for the market's healthy ,but it hurt my money! :(

This dump is common for all trading platform even equity and commodity bearish and bullish market trend happens . Why people going panic when its goin bearish trend and keep quite when its bullish. I would suggest its time to invest on good potential coins.

Guys keep dreaming if you want but this crash has already started and it's gonna get larger until we will return to the prices we had several months ago... fasten your seat belt

lol in few days? i don't think so, last time there was a dump like that was before the skyrocketing of bitcoin, and lasted 3 months at least, was in winter 2016 everything was red, and suddely turned green after bitcoin increased, will happen again and again i know it

constant decline you mean?

Posted From bitcointalk.org Android App

Bubble is bursting every two to three weeks. Maybe there is no bubble?

Some people find your comments stupid Spoetnik, but I diasgree with them. Here your post is really constructive to address the problem with the current market.

Lots of people are crying every day and the reason why is that they enter the market without having any knowledge of crypto currency and market.

It believe it already burst 2 weeks ago. The recovery was probably a fluke

agree. the downward momentum is very strong now. However there still doesn't seem to be enough "pain" among "investors". Hence I think it will go down a lot more before we reach the bottom.

@Dailyroberts
The problem is I post common sense and I am the voice of reason around here.
And I always stand in the way of scammers pushing their crap for ROI''s.
Nothing I ever post can be refuted.
No one ever tries.. They just insult me usually knowing I am right.

Why?
They all don't want to hear the truth.
The want to eat cake and ice cream for dinner and pat each other on the back with profiteer rabble.
No one "investing" in Ethereum is going to say hey.. It's gonna crash and be down for ages.
Fuck no.. They are predatory deceitful frauds.

You reap what you sow guys.

And no you are not investors.
No you are not investing in companies.
No your ICO schemes are not legit or even currencies.
No you are not smart.

You all turned something legit into something scammy.. Crypto.

I get to laugh and watch as groups waddle in here yapping their little dick holsters off knowing most won't be here much longer.. Most will take a loss and leave crypto.
That is the cycle I keep watching play out.. Doge coin ring a bell?

They all waffle around toiling as I laugh waiting for them to go silent..
And they will.

People hate me here.. Know why?
Because I point out how most people mathematically can't be crypto winners.

They hate me because I point out how profit comes from the financial loss of many others.
Where the fuck do you all think money comes from?
Some magical crypto tree?  :D

If I walk away with a grand in profit mathematically that means I took profit from a bunch of other guys in smaller amounts.
It's how it works guys.
You can't argue with it even if you want to..

The bubble has popped and yeah it will swing up and down but time is money and most are impatient..
So they will dump for a loss scared.
And high times are a small fraction of the time we end up in a routine with slumping prices.

So tell me investards.. When will all those sports cards that came out in the 90's be worth something?
Try never.. Sound familiar?
EVER HEARD OF ALT COINS.

REALITY = I am smarter and have more class & integrity than all of you here trading ICO scam coins combined.

You.. Douche bags couldn't make hot in a fire.

PS:
I told you mouthy shit bird "investors" to buy Litecoin at sub $3 over and over..
You argued and now I am in fact laughing at your stupid ass's
Go check what it's worth right now chucklefucks  :D

Yes, I'm also a trader and I saw that almost all altcoin are going down even their volume marketcap is stable. Maybe the reason of being dump is because of bitcoin new in coming august 1, hoping that altcoins will pumpp again.

I think the worst of it's over. Perhaps we will see another "correction" in a week or two but I doubt it will be as significant as the last 48 hours.

so in your opinion where is this heading towards?
 ???

A starting point will be the may 27th dip to $60B total market cap.  We are going at least that low in my opinion, and probably lower over the next couple of months until BTC hits $1200-1300 support.

I'm with you. The main reason should be only 1 august bitcoin split action. Nothing else. There is no reason for the market to get smaller. It should be keep expanding more and more. Trust me after all, we'll go up very easily. After 1 august for sure.

I guess we are in the bear market now. When will this stop? 2 years later?
Bubble popped so hard that everybody that come here after June cries. Sucks to buy at top for whatever coin.

I don't think so.
I think it is a major correction what was needed.
Many people are coming in cryptocurrency market every day.
In my opinion we are still in bubble.

This bubble might keep getting larger. The holders that were in Bitcoin for years will eventually spend their Bitcoins if something new comes on the Currency game. If the Government makes a Currency that is just like Bitcoin then people would want to get in that early before the price of that goes up.

Bitcoin could be the only coin that might receive the pumps in the near future, who knows. It is unpredictable, we’ll have to see.

Bitcoin down to $2,000 dragging all altcoins after and probably reaching $1,500 before August 1.... and you guys say it still hasn't popped?