Bitcoin Forum

Last time it was Bitcoin cash, before that BitCoin was on a massacre.. What is it this time?

As far as I know, there is some voice that the Chinese government will announce some critical policy to limit ICO market, and as you can see some Chines coins drop a lot, and make the market panic.

I think it's just a small pullback of Bitcoin. Last week all the alts went like crazy including Bitcoin so this may be a small correction. Usually at weekends altcoins tend to soar lightly.

Fluctuations in cryptocurrencies prices are completely normal. Nothing special is happening.

Agree with this guy.  We've all seen swings larger than this, and nothing bad happened.  Don't panic and maintain your positions.  You've got to wait out the fluctuations.

how long will the fall last you think?

Didn't you think some similarities on it. When bitcoins dumps too hard altcoins were affected, and when bitcoins is keep on rising the price the price of altcoins are affected also. Because the main thing is people sell their bitcoins on panic for both e.g bitcoins price high they sell their altcoins in loss to sell their btc because of high price.  In dump of btc they panic to sell to not loss big amounts.

The ICO regulation is on a killing streak? Seems overpowered :D
I am not panicking, yes Crypto is volatile, but when you see everything fall at the same time, there is a reason.

This has happened several times. Altcoin prices are always affected by bitcoin price. soon Bitcoin and all altcoins start to increase in price. Just wait and do not panic.

I think it's due to bitcoin hitting resistance at $5000. When it inevitably fell back, alts fell even more as they always do. Watch for btc recovering, alts will follow soon after.

Simply, bitcoin's rise. All people and investors are now getting on bitcoin not to miss its market rally. If they stay on altcois, they will simply miss the whole opportunity of bitcoin.

Whenever you see a pullback like this you have to zoom out a bit and put it in context. If a coin is down 10% today but it's up 20% for the week and 30% for the month, there's nothing alarming about that (unless you bought yesterday).

This is not a bloodbath. Sometime in the future we will definitely see a bloodbath, but this is just a minor correction. I think it will go back up again in a few hours.

I agree with you, this is just a minor correction, not a bloodbath, maybe you are a new guys to this market, it is happens several time this year. Do not worry, if you think it is promising, hold it or sell it immediately.

Everything is in red today, weekends effect maybe? Investors cashed out some of their profits from the Bitcoin rise, some cash out due to fud of bitcoin crash. Hold for now.

It's just dust settling in after a long ride. It happens all the time nothing new. Everything went up like crazy and now they are settling for their correction points.

Two things probably.

The resistance to punch the 5,000 ceiling and the new whales (stock market traders) who are not familiar with cryptocurrency swings yet.  Probably doing massive panic sell offs.

Make that 3...the Chinese regulations probably.  They have a big purchasing power due to sheer number/poluplation.

Market will rally back shortly...just hodl.

Yep you are 100 % right, just a minor correction. Prices first went down, but as you said are now going up again. Good call  ;)

That $5000 was pretty resistant, so much that it feels like it caused it to just dump $500. Actually it's probably just manipulation making it look like it would have reached $5k

I mean, I was told around here that BTC has eaten 50% drops in its lifetime. So this little pullback isn't really bothering me even though Im new around here.

I have already mentally prepared myself for some hard pullbacks considering when I look at the market for the past 6 months I just see huge ass growth everywhere. There has to be some giveback at some point. Hopefully many of the people new like me have no patience for after having been spoiled by the bull market and sell off so I can grab up a bunch of cheap priced coins of the good up and coming projects I believe in.

I'm sure it's nothing. Probably just normal buy and sell. We did reach the "symbolical" $5k that many users were waiting for a long time, so maybe a lot of them start selling after that. I know I sold some because of that, and already bought it again for some profit. The China announcement regarding ICO could be linked to it as well, but I don't think it was that, since most of us already knew what was happening.

Nothing special happening just correction, do u rly think that markets can be green all the e time? Cmon, after firts red candle I always find topic like this "wtf bloodbath"

people are taking profit

I used to worry about things like this but Crypto is so fast paced now I know corrections are followed, usually within days by the upside.

You sound like a gambler instead of investor. Corrections and pullbacks are very well detectable by simple chart analysis. If you didn't sell at 5K and aren't buying back right now you don't no what you are doing. :D

Well, always profit-taking and corrections will happen after a huge rally.

Caue you gotta make mountains as you go up, you can't just have a straight line otherwise theres no floor. So this is good. It seems to follow the same trajectory as the previous boom & bust which means we are going to see another increase of 30 billion then a drop probably.

Not so much a bloodbath, just a little market correction. Just chill and watch it happen, everything is going to be fine.

I think it is due to two reasons. On the one hand, a correction to be expected after prices have risen massively over weeks. Such corrections have been made many times. The second reason is uncertainty as to how far the Chinese government will monitor or even ban ICOs. A lot of money for ICOs comes from China and also most miners are in China so that such uncertainties have a big impact.

Have I missed anything? What bloodbath? The Bitcoin is in excellent health. Bitcoin was under 3000$ before BitCash and look, where it is now. Maybe just a few people are a bit upset about high transactions fees but nothing to worry.

You rely on perpetual growth? This is a correction and it was supposed to happen a long time ago.

There will always be growth or recession, small fluctuations of the crypto currency is a common thing, wait a bit and everything will be in its place.

This is not a bloodbath. Just normal price swings and market movement. Though we've seen such a thing in alts about 2 months ago where everything was in red for weeks.

Correct. It is not posible to be always in green position.
The trend is always bullish. This is the most important thing.

this is peatty simple when people are investing hard and maket had no pull back then you have crash like that one.
Markets never go up in stright line but wth waves cycles. :)
Now you have time to rejoin party

meh 4900 to 4500 is nothing really, a proper crypto drop would be from 5000 to 2000 in two months or so, then a slow steady rise/stagnation for some time, then a rapid and explosive gain to new heights, and...repeat.  nothing to worry about.  Now if a major exchange were to go all out GOXX then Id start to worry.

Nobody knows exactly , maybe people taking there profit...maybe some bad news.

We have been growing without a major pullback for a full month. Just another correction down before we continue to move forward.

i agree with you, aslo i found many posts above doesnt care whats happening at all, they just think its the market adjustment itself, it's ridiculous turn a blind eye on the objective reason

That's it. This is not anything near being a bloodbath.

Yes, it's not a bloodbath, just a baby massacre. Everything is falling, this is not your normal "fluctuation".

ya altcoin price will comeback soon. as long as bitcoin price steady we dont have to be panic

It's not the bloodbath as you said it's small fluctuation and also small effect because of Chinese market Ico regulation . It's common there will be high jump in next few days.

Things have been downright crazy lately.  We were due for a correction and we had a little scare.  This was nothing and we will see a lot worse in the next couple months.  Its healthy.

Now that... I would like the see that just for the spectacle of it. I wasn't around for the last few times BTC dropped off a cliff like that. I can't even IMAGINE the panic.

it is common in cryptocurrencies, let alone large-scale fluctuations, has become commonplace. the key to success in this case is not to be reckless and dare to be patient and wait for the coin to rise again

I think the bloodbath is because of a fall in price of Bitcoin. The volatile nature of Bitcoin is what is causing the price of all altcoins to fluctuate so much and as long as price of Bitcoin is not stable, you can still expect another bloodbath .

What I heard is ICOs supervision.

This is how economy has been working/works.
Crypto market is too now a part of world economy.
And smaller and larger moves by the miners, holders, traders and authorities will have effect on the individual as well as the market as whole.

Agree, Lets just see and wait the outcome of the year end of 2017 specially that the bitcoin value is now at $4,600 and keep rising. If the value decreases in a big gap amount then it is a possible a blood bath for them is true. But for now as what i have observed too everything is normal maybe there is a minor and isolated incidents but these cannot be called huge as blood bath term.

Randomness mostly. We can't go up forever, try to ignore the noise it's healthier.