Bitcoin Forum

I can see the red everywhere now. So I think we may see the next big dump for the whole market. I am pessimistic and don't know when this downtrend stops.

this is crypto,, the market is very volatile,,
so the dump can be over anytime,, just look at your charts,, and predict the markets,,
when i see my charts few coin is good to buy right now

I'll use this thread to throw in my latest analysis... I threw in a look at the short term selloff we had around May 26-28 zoomed in to see what we could possibly have in store if the bubble has indeed not burst but just corrected really badly... I'd estimate a drop to around $65B market cap hard and fast and set your limit orders around these levels to pick crap up for the bounce... I think the bubble has burst for a few months to years but if it hasn't it could surge back up to all time highs within a month or two after this correction.  Charting is not perfect, it's educated guessing at best.  Either way I believe we sell off from here, correction or burst regardless.
https://preview.ibb.co/cVMk4a/me.png (https://ibb.co/mF2Exv)

Disclaimer: You are responsible for your own investing decisions.

I think it's just a market correction. I think within a few months(6 months or so) we'll see a rise and possibly all time highs. This little dip is just a correction from the prices rising so quickly. It's going to correct itself and then move on. I doubt we'll ever see sub $1500 Bitcoin again, but if we do, BUY BUY BUY!

I think in this month there will be another or two dumps.

Well, all possibilities are open, we coulnd't know for sure.

If you want to buy now, it's up to you.

I think you're right - not only in your analysis but also the prediction. I believe many factors are involved and price will continue to dump for a while, but what will kickstart the price up again? As I don't think 1st Aug will be that strong...

yup dump is happen again, i think this will like this until the end of the month and i hope after august 1, the situations will change so we can make good profit because almost altcoin is going to go base price. i think for now, we can buy many altcoin because the price is in lower price and we can buy much amount and hold until the price is back normal.

People or newbie bounty hunters are responsible for this . Also the fact of 1st august is the also responsible for this dump because many people are selling their coins and it affect the price.
Maybe we can see gain and gain and more gain after 1 august and after few months. We can only wait for it

Bounties are very small percentage and they are not responsible, negative impact comes from BTC. People are under pressure scared how will others react. What will happen next..?
What if peole sudenly decide to withdrawal theirs BTC's in wallets in expecation of BTC dividing? How this can effect on alts?
What if maority decide to exit in dollars, maybe it is safer  :-\?
You just cant predict what others will do, but this will crete chainreaction for sure. :)
For me this is perfectly normal thing, but this won't pass without turbulence be sure in that.

I don't think the market will regain confidence under the Bitcoin issue is settled.

A) Optimistically, Seg2 is adopted and the Aug 01 UASF becomes irrelevant. Bull market returns, and BTC carries on smoothly to LN and beyond, with alts also returning to green.
B) But if everything goes wrong... chain split, two different coins, chaos.

Personally I think A is looking far more likely, but I may be wrong as this doesn't seem to be reflected in the market yet.

It is stupid to put blame on anyone for this. Investors are simply bearish, they sell and wait to price to go lower, then buy again. That is normal move, nothing wrong with that.

Summer sales again. Shopping time.

One thing I'm really concerned about is how people prepare for the August 1 BTC shenanigans. Many people are advising to take all BTC out of exchanges. If such is the case, altcoins are going to tank in value because there is significantly reduced amounts of Bitcoin to be purchasing the alts with. There's a lot of evidence to support this actuality.

On such a dumps I look other performer.

For example at the moment the best buy is SCORECOIN

Yeah, in some exchange the admins are advising to withdraw too (example: the rock trading  https://medium.com/the-rock-trading/the-rock-trading-and-bitcoin-hard-fork-8e31f82faf88 ). Lot of people think they're going to double their coins but it's possible that some exchange will only support one chain (core probably) and not the fork (if it's happening) so maybe the wallet management will be difficult on those days.

Op your speculation is right there may be further dump may be bitcoin may go below $1,900 support level and Ethereum may go below $150! I just reviews https://coinmarketcap.com and. I find out that almost all the coins are in red after green yesterday. I think people are converting there coins to fiat because of the fear of August first!

There is a very real possibility that volume is going to grind to a halt. What that means is everything is going to come crashing down. Seriously. The best bet may be buying into XCP, WAVES, and other platforms with their own dedicated altcoin exchanges to use as altcoin tender for the time being. They might be the only coins to surge on through.

Its normal for market to go down before major decisions/events which doesn't have a positive potential outlook towards future. This scares off Whales who are investing big money for big profit to put their investment. It acts as snow ball followed by Pump-Dump groups, daily traders, margin traders and new investors. 
Once that phase is gone, its business as normal and slowly market will regain strength. Give some time to market to breathe ...

yes, the dump is still at the beginning phase, maybe it will last in 1-2month, i hope i can see eth below $100 again and btc below $1500, im gonna buy more

Exactly, nobody doesn't know exact predictions about the Dump because no one has no idea about the price after August. That's why many people are dumping the coins in the market. There are chances that the price may increase or decrease after the August.

In my opinion it will continue till August or end of the August.
It is happening because of the fear of losing money.
Then market will be normal again i think.

Yes, OP is correct. We are not yet done with the dump. Bitcoin will reach the 1900usd to 1800usd first. I think this is the dip. Then we will proceed to 2000usd to 3000usd... 4000usd... Then next is history. Checkout the July 2015 and 2016 bitcoin chart, the chart will just repeat itself.

Checkout this chart:

https://pbs.twimg.com/media/DEN-KG0XcAITdY3.jpg:large

The time for a swing trader to buy is when you get far enough outside an established range to make it worth your while because you'll almost always bounce back up to resistance. For example in the included example here you can see we sold off significantly below the bottom red line, more than twice the distance, and bounced back up too it. These type of trades are quite profitable and it's why swing traders like wild swings and big moves because they are actually easier to predict than when a market is drifting around doing nothing.

https://preview.ibb.co/cq9pEa/me.png (https://ibb.co/jQPd7v)
fb upload image (https://imgbb.com/)

Ultimately the above guy is right... bitcoin will eventually hit all time highs, but whether it takes 2 months and a 40% selloff to base or 3 years and a 75% selloff to base remains to be seen. This is why they tell the average joe to just dollar cost average, and not try to time the market.  The bigger the move, the longer it takes to finish the cycle, kind of a law of nature.... it took the Nasdaq 15 years to get back to 5000.

Weekend Dip incoming as usual.
Let's see what happens next week. Good times for day trading!

.
Its not surprising anymore and it does really happen on crytpomarket if you see red and if you see green its all normal to me already since market do work on this way. Dump might really happen anytime soon and yes its not over yet there would be still dumps and pumps and its been part always of a healthy market.Moving prices does indicate that there are interactions between sellers and buyers.In able to make money on this one we should really be smart to go with the flow.

I agreed... history would repeat itself, probably back to around $1500 before skyrocket again.

Still, the dump didn't meet expectation. Just warming my seats and getting ready to do some shopping .. market deserves to fall more .. already 77 billion cap now ..  ;D ;D

Yes, there will be a lot of withdrawals and much reduced volume. However I think there are a lot of people who bought Bitcoin as a long-term investment and know very little about the tech and the market, don't follow developments, and leave their coins on exchanges, just checking back once or twice a year. So I don't think everyone will withdraw.

I'm sure that the markets won't recover until the bitcoin situation resolves (or looks to be resolving), and whether the solution is long-term or simply a stopgap. Plenty of questions at the moment, which means uncertainty, which means the bear continues. One question is how much farther can everything fall before stabilising? And one bitcoin question at the moment I suppose is how much of the Seg2x signalling is genuine?

if its really down to $1,500, many traders will panic and they selling bitcoin so fast. i hope after down too deep, price will back and increase so traders which bought at that price, will make big profit. but i think market will not stable in august after segwit until the end of august and after august, altcoin will recover the price.

I think market is too much high situation now. Its probably getting down.  and i think it will stop in its Support lavel. And than market will be stable.

That's the idea basically. If we guess that it could be down to $1,500, it actually goes down to $1,200 or so. This is the panic situation. More sell orders trigger new ones eventually. And finally we observe a huge dump on the market.

Every trader is on its feet and will not hesitate to push the sell button if they see the price is dumping so fast. We don't know what's the price floor, it might be below $2000 or even as low as $1700. Ethereum might go at $150. But I hope that everything will go on smoothly again after Aug 1. So that everyone will recover including our precious altcoins.

Announcement from market trading who advised not to trade on August 1st until further announcement, which means the result of indirect hardfork will stabilize bitcoin prices indefinitely, but I agree with you, the market needs to recover soon, but we cannot speculating nothing at the beginning of next month.

That is what i thought so :P the market is going down for more than a week and you expect a recovery in the next week,it is highly unlikely,there might be coins that will be increasing in the mean time but the over all market will go down in the coming weeks.

It is that easy to look at the charts and predict the price,to my knowledge the reason for the price dump during 2015 and 2016 are entirely different than we have right now,there is a possibility of a network split and that is the difference between all those price dumps in the past.

One thing this dip shows is just how reliant every alt is on bitcoin. Uncertainty around bitcoin means price drops across the whole market. At some point in the future, alts will be able to stand on their own. But at the moment, any developments or good or bad news for an alt is pretty much irrelevant. Bitcoin casts a long shadow, and determines everything.

Another day with lots of red!

This red days will over a few weeks after august 1. This is very depressing for traders like me but we can't do anything except for believing and holding bitcoin. Price will be stable soon.  8)

Im hoping also that happens as soon as August 1 split finish and to have no negative effect on bitcoins. I take the chance of buying some altcoins from my last Bitcoins in the wallet for some safety in this august . Many believe in bitcoins so dont worry although it is hard to see that the market was dump it willrecover soon.

I also think this is just the beginning. More dumps will come soon.

My buy orders at $75 for ETH and $1200 for BTC. I think we can see these prices around the last week of July. Also I think the prices will be bounce back around 1st of August.

I was sleeping during the dip to $60B. Sigh.  We're definitely closer to support levels now, but not quite there. I'm going to wait a bit longer. LTC hasn't sold off, either, so if I buy the dip I have to buy something else.  Maybe I'll buy back the NEM I sold but I'd rather buy something I think will pull a triple or better. Time for some digging.  Since we already bounced to above $65B I'm not gonna swing trade here. This ain't the bottom. Congrats swing traders who got in at $60B though.

There's so many coins that promise the same thing I'd be hard pressed to find one that's unique, but I'll do my best.  Pascalcoin really but nobody cares about the tech in it since because it's open source, someone already cloned it anyways.

I think so this dump is not over yet and it will continuos to dump until august. So depressing to check always the market. But all of this things happen I believe it will rise again soon.

Probably it will go a bit lower and hit the floor untill end july/begin august and going recover after im done buying my coins. 
Some coins are down 70% already, who's selling at this?

If people think the price will drop 80%, then they'll sell at 70% and rebuy cheaper later on. And then each sell perpetuates the general trend.
I really wonder how low everything can go. We still have another couple of weeks until Aug 01. And even then Aug 01 could just be the start of another level of chaos.
A lot of alts could be close to $0 the way things are going!

Lot of good coins held on really well even though BTC was around 1800 and market was 60 Bil $ .... The crash during 11-12 july was worse as most alt reached even lower levels
That's the reason I didn't bought any .... to make sure coins are cheaper than 11-12 July before I jump in. Otherwise you are buying at top of Low and not mid/bottom of low  :) :)

Looks like it is over now. BTC is back in the green and nearing 2K

It's definitely not over  :D :D :D

These red in the exchange hurts my eyes.
All I can see now in the market is red and here in the forum is all about dumping.
Let's expect this dumping will soon end as no one knows when. For now let's just be optimistic and use this to buy more potential coins that will benefited us in the future.

We can really see reds as of now but no one ever knows on when does the downtrend would end. For now seeing on the price of bitcoin it gradually increase its price seems like time to recover but i dont usually beleive on this price movements since it might just a fake out or small pulback on the down trend. We are not yet still on August 1 which i do really believe that the drama isnt over yet as of this days that we are approaching on the big event.

No one really knows when this downtrend is over, August 1 is still about 2 weeks away, and within 2 weeks there are many possibilities. The most important thing is to determine the right time to buy, and look forward to the high jump after going down to as low as this.

i guess so too mate, as we are getting near to aug 1 and more panic sellers are worrying about their investment for sure we will see  a lots of dumped
btc inside the market some of them will try to divert it to alts or some will convert it to fiat and wait for another hype.

If dumping is not over,
So I am buying not over either.

I catch you if you fall.
:)

Feels over to me

BTC and Eth rallying late today and the trend has been bloody on the weekends and green during the week

All will be clear after 1st August,just be patient to wait .

still, not over yet.  >:(

Yes it seems Dump will still continue to happen, that's crypto, the price can go up and down anytime and in any amount. And do not be pessimistic, stay patient to wait for the price rise we all have to be optimistic. Actually this situation would be very good if used to buy, many traders take advantage of Dump situation like this to buy then hold until the price goes up. Keep looking at the market and do the analysis, I'm sure this will be a good science for you in the future.

That is right. I think it will bottom out around first of August.

It's still early . Then we will see the direction of the market from at least 15 August.

We can't predict the bottom, but we are close. Buy in waves on each dip to guarantee ur coins. Keep in mind that they are cheap these days. Don't wanna miss this. Maybe i buy them to expensive. But they are already 50 - 70% off. 

Just announce it to the whole world that after August 1 everybody are getting in with half of their life savings....so we don't have to wait so long for next big ass bubble and stop crying about that F.. dump.

I think really its not over yet. We will never know what will happen but for now you may buy and hold. As for sure bitcoin price will increase.

i think next weekend are very exciting  .
I think it goes much further down. i wait to buy . i love risk

Normal price movement. It will get bought up and then early investors will take profit.

That because on the upcoming Segwit in August 1 so many holders sell btc to be safe.
After that Market will go back in normal so buy bitcoins after segwit

what do you think about the next weekend (21st)?

All weekends are blood bath till 1 Aug ... Mon try to climb, normal trading during Tue to Wed and Thu onward loose pace and back to red over weekend.

1 Aug, there is probability that market will crash for 2 weeks due to fork in which Bitcoin will split and market cap and price of Bitcoin will crash and taking all other Alt's down the drain .. just my opinion

But at least today, almost all of the top coins are green. And now,  Segwit2x is a go as the activation code has been released.

https://news.bitcoin.com/bitcoin-scaling-countdown-miners-segwit2x-software/

Now, all we can do is to wait and see how it goes. It looks like its giving bitcoin the needed boost today because we have seen bloody days in the last couple of days even touch $1800 again. It's also reflective of the alt coins, as we all know that if bitcoin price goes up, all other alt coins price increase as well.

 Dang, too bad my money didn't clear until today instead of last Friday. Lost a lot of buying value with everything green today. Can't catch a break. Watch the market cap hit $100B by Friday again...unreal, terrible luck

The history loss will helps you have more experience for trading in future, don't sad and give up after that, this very normal happens when become to trader. Important you need find you mistake, improve it and go ahead, not just by some loss make you give up and hate trading

If you can observe that market trading history, A lot of cryptocurrency is becoming like a pump and dump scheme.

I would say that BT price might crashed until it below $1500 but that's my speculation. No one knows might happen before or after Aug 1.

Doubt it will hit 100B by this friday but even if it does, it will be short lived.

Its recovering too fast to be sustainable - I'm estimating Red again tomorrow

Its really hard to tell since we arent just on August 1 and things will possibly happen anytime and we might see the price recovery of bitcoin but still we cant be sure that it wont dump again just like on previous days where the price do dump. Its might happen again thats why its somehow dangerous on jumping in into bitcoin now. Lucky for those who bought on dip prices for sure they are on profits now.

Finally.... It's OVER

I think it might be over as well. Support for BIP91 is looking very solid at the moment. https://www.xbt.eu/
Could well be Aug 01 crisis averted.

It's a sea of orange. ViaBTC and BWPool have jumped in now, too. Come on in, the water is lovely :)

This is over, now the blue is everywhere, but every dollar is still low, the damage has been huge, it's hard to be fixed.

Crypto Currency naturally is not main to be statics because it's value is determined by the forces of demand and supply which makes it's volatile. And as such one cannot completely say dump is over neither can one say pump has began. But the current market value of Bitcoin has increase more than what it was last week.

the dump may not be over, but the price has gained ground in the last few days. I doubt the price will ever remain stable.

Yeah righ! Let me guess, we have to pay a small price in advance to have the privilege of joining your club or whatever it is you call your selves?

Interesting to see that some think the dump is over? Was there a dump? Hasn't bitcoins and most crypto currencies with some value always fluctuated? I see Eth as recovered somewhat. Good!

Will here else dip till 1.august or buy now?

The dump is indeed over. Hope you weren't watching from the sidelines last weekend.

Look at bip91 support. I'd say buy now.

I hope you go back again tomorrow if we see that the market is all green. Bloodbath is over, Dang ETH is up 20% and above 211$ while bitcoin it getting to 2400$. The waves of FUD is really alarming here, but at least the market has proved them wrong. Tomorrow is gonna be green all over again and rest assured that it will continue in this way. I hope you guys buy a lot during the price dip a few days ago.

That depends on what BTC is doing tomorrow I guess. I don`t expect too much, it is summertime.  But the alt dump is over.

I have still feeling that else here will one simillar dip as before days. I will try wait till 23-28 and I will see. End of week will probably also red.

I hope you are right, but still there are little chances that we will see some drops of prices in the near days, but i dont think significant once :)

It's time for day trading!
Keep in mind that there are several events around the fork in the next few days.
I wouldn't really be surprised if there are more dips coming until that.

Weekends have proven to be the best time to buy in the past!

BTC is going down, so what would happen in the next days?

This is what im saying it isnt over yet since we arent still on August 1 and possibilities of decreasing prices is still there. It makes me somehow a conclusion when i do saw the support of BIP148 i can somehow say that the dump is over just like what being said here regarding on this matter but still im not really too confident knowing that price if bitcoin will surprise you anytime.

Waiting for the weekend to buy at another dip. After august 1, prices will be more stable and likely to shoot up

Yes weekend but I still thinking which weekend will better, this or next 29-30th july?

Neither. Last weekend was rock bottom.

Yeah I am out till after august 1st

I think this problem is because of bitcoin updates. Maybe this dumping will only end after august 1 because there are many curious on what happening in that time.

Yeah last week was hell and heaven to others.
Maybe we an anticipate that again this coming weekends before August 1. The drama is not yet over so better look out.

BIP91 signaling is best support helps Bitcoin can't have crash in next time, if still have it just control by whales and by mentality of trader scared that, but don't let this happens make you selling your Bitcoin, buy extra amount better than take loss. If you had bought in highest price as $2900, I think you can take loss with price at now and waiting next dip

better still to hold your coins, maybe market is in green now but i personally didn't  think the dump is over, as aug1 is approaching closely the more the market will go down i expect bitcoin to be 1800 after aug1

Hard fork ain't happening, boyo

Those who didn't get in last weekend missed their opportunity for some real bargains

Question is when will bigger dip? Before or after 1.aug?

I called this last weekend. August 1 FUD was a decoy to distract the masses from buying at the best prices. Smart investors got in last weekend and didn't let greed convince them prices would go lower. Last weekend will be the best prices anyone gets period. Hope you didn't wait on the sidelines.

Everyone has been brainwashed to wait for August 1 while the whales bought the cheap coins panic sellers dumped for virtually free.    The fork isn't happening.

yes we are not done in dumping yet. it means it is on sale again. but those dumps are healthy dumps. i think it would reach 1800  before it would shoot the moon @4000. we cannot blame it to the news but we are intelligent enough not to listen on fuds that are comming out. bitcoin shakes the hands of the weak to sell it to the stronger balls.

I think you have to hold bit further i have done some research on Segwit (Segregate witness) and i found some positive side on that even there is a possiblity of split the coin . So try to keep your bitcoin private key and have a paper wallet incase of split .

What if is this last pump before 1aug? Make else some bucks and next will big dip? maybe on 50 bil market cap?

wow price is moving up now

Indeed, i was thinking this way also.

Today is Verge day! XVG gonna raise hard

the dip is not over yet.  Prices are lower during the week this week than they were last week.  Just wait until the weekend ....

It is normal for these markets to go down. It's probably for the best in future I guess 🤷‍♀️

ETH is down over 12% and it's only mid week.  Time to get the popcorn out and wait for the weekend!

I keep on saying this. Every time the price drops, we buy up and laugh at everyone selling coins for a loss when they should have just held on.

It is done my friend. We're sorry if you're short

Rollercoaster going again, where will ETH drop to this time?

So the August 1 event isn't really going to happen,
I just wish that the dump would stop and the price to recover and go high again.

Dump aint going deep now, risky.  Im happy for now i got my cheap coins.

Still everything is cheap now compared with a month ago. For long term, buy them.

I bet this was just a quick P&D run and the real massacre is just on it's way now .. I could be wrong, but I would say let's wait for bloody friday guys.

Nobody can't predict the status of the market in the next month or in future because market is bullish you didn't know where the price it goes just remember if you're afraid of getting rekt in dump you need to invest only a small amount in your portfolio and store bitcoins in your wallet so if will go to a big dump it's time to buy coins again and wait for the next big pump but i think it's 70% chance that the coins will get dump more than we expected.

If anyone is still in doubt, look at BIP91 now. Slushpool and GBMiners are in now. This is more than sufficient for the 80%.
https://www.xbt.eu/

---

And F2Pool.

Final call for those still waiting to buy back in.

I think Dump is over now "for now" because price of Bitcopin was raised again to 2800 USD and pricing more in  few days maybe it goes down again on 1st august. Also altcoin prices are also gaining some coins are increased upto  50 percent from their last price.

Yup, it's over for the mean time, for the split will no longer happen in August 1 or just will just move the date since there is voting been made, so the dump which said associated due to the segwit split has no more reason for the coin to lower in value.

That is right. The price will be stable until end of this month.

now this time its on lavel,  What you say?

I think Stable for now for both BTC and ETH ... pre-post 1 Aug prices will drop down to ~2200 BTC and ~180 ETH, just my speculation
Mid August it will again bounce back around 2600 and play around that range