Bitcoin Forum

I Don't Know the Causes of market Dump. Can Anyone Explain??? What's going on Right now.  Everywhere Are Bleeding.

Dont worry. It's just fear of the china regulation and profit taking. It's normal that after a long period of rising value, there will be some consolidation. Soon the market will start to rise again. Use the dump to buy more coins ;)

There is always several coins being dumped and other being pumped. Get used to it and avoid being caught in the wrong part of the market

The market's behaviour is jus like alive organism - it has to breath. Sometimes it breathes naturally, sometimes it panics (when there are some bad news), sometime it excited (when there are good news). Everybody needs just to calm down and keep waiting ;)

yes this is china things make the market become all dump. lets we wait till china regulation comes out. i think the market would be stable soon.

Because idiots are reading a "late" Wall street Journal article that relates what happened  this weekend.
The WSJ journalists do not work on the weekend before sunday evening.

Hence, people "realize" the china issue now, Monday morning.

Funny...

At present there is no other reason apart from the China ICO ban that is causing the relative price drops in the market but don't worry it's just a temporary thing and the market will go green and the prices will incerase again. We can already see that Bitcoin had crossed $4300 which shows us how quickly Bitcoin is recovering the price drop. If people would not panic and sell their coins Bitcoin would have already crossed $5000 but you know these people with FUD.

Don't worry, market will revive again when BTC stable, some Altcoin dump and others pump, please wait. I'm sure it will soon return to normal, the blood will not pour anymore. As you can see some other ICO continues to develop.

Now it's all about future China regulations ICO's and all cryptomarket. And when indeterminacy will gone - market will start grow up again.

It's a normal thing since the bad news is all over crypto,so just buy what you can in this dump period,you can take profit in the end of the year
You should panic if btc down to 2k,so for now you don't have to worry

Yeah it seems like it's pretty bad everywhere. Most of my investments have taken a hit, unfortunately, but this just means that it's a good time to butter everything up and wait for the pump again!

See, sometimes people see the panic and sell at a loss because they're afraid of forever losing the opportunity of making a profit. What a lot of us here have learned is that you HODL until you're absolutely positive that the coin will never recover, which is almost 0% of the time, unless the coin has died - which at that point you're pretty fcked. But other than that, I've learned to just be patient and hold.

I've lost a lot of money selling early only to see it climb back up over where I had it originally. That was when I was trading with emotions and not with my head. In short, don't let the market values get to you, and always trade objectively. This is a panic where people are selling their losses so we can make our games.

Cheers.

https://www.bloomberg.com/news/articles/2017-09-11/china-is-said-to-ban-bitcoin-exchanges-while-allowing-otc-trades-j7fofh20

China to potentially ban exchanges

They are probably sh*tting themselves at how easy it is for capital to leave china

Too bad there is not much they can do about it

Looks like china was holding most part of investments ,if because of then everything got hit so badly.We can only hope,that other part of coin world will pump them good enough to at least bring them back where they were.

Although coins are being pumped and dumped daily in this case all coins are down. it is due to China banning ICO's but now news is spreading,although many say falsely, that China is banning bitcoin.Patience to ride out the storm.

Its because of china ICO regulation and Closing local exchanges its making people panic and selling bitcoin its the right time to buy some coin from really low value . But china is allowing cryto trade in exchanges based on the recent news .

This is perfectly normal. When Bitcoin moved past $3,000 to $4,000 without even having its dip below 3k, I wondered when the profit taking would happen. I guess I have my answer now. 3k past 2,500 is not even 20%. They wanted double their profits at close to 5k. We should actually be impressed that this huge sell off can't even BTC down to below 4k.

It's basically because of the news about China banning ICOs. There have also been news about Korea and singapore regulating crypto as well. I'm pretty sure this will blow over though because we've all heard this type of news countless times.

Russia along with that. Countries banning the ICOs which was one of the largest sector for buying Ethereum and Bitcoins.

Because of all those negative news out there, I hope China Government will issue a regulation soon to end all this confusion

I am very new in bitcoin and it looks like I joined at the wrong time when the bitcoin price was peaking (almost 5000$) but I will keep on holding it, because I know it will rise even further  :o

it'll be $10 grand in 2-5 years, so the only reason you should worry is if you want millions of profit in 1 night. Otherwise chill & dont play with money you "need". Buy some, play the markets or just put it in a wallet and forget about it.

I think we can hit $3000 ish if the news is made official and people get scared proper.

these things come in pairs not solo. when there is a PUMP there should also be its matching part after the first one is over and that part is called DUMP.
you can not have one without the other. and since the PUMP comes first, the DUMP always follows.

you can associate any DUMP with the news and try to find a relationship but the reality is that traders are simply cashing out to gain the profit!

Well this is because of the drama of Chinese people. They banned icos last week i l think? And it is just a drama for them to make money over it. Dramas could make coins dump all its way down for a lower price.

its all on you how you see it for people it is the best time to get the coins in the cheap. market will recover very soon.  regulation on ico's by the china  is the reason for this bloodbath

The banned of ico project in China and the  fake news on social media that bitcoin activities has been banned in China by Chinese regulatory authority is the reason behind the dump . I do think the foregoing reason is why we are seeing serious dump on the cryptocurrency. We expect this to continue until there is a significant and reasonable positive news from China. Most of the coins price are stagnated now and investors are waiting for any good news from China before putting money into altcoins and bitcoin again. We may seen pumping this week.

That's will be great when market stable . By  the way i bought some new coin which was add in exchange few day ago, when it will stable i should get money.

It is the fear created about China banning ICO and shutting down exchanges. This is normal reaction especially if you are from China. But this dump will not last, the market will recover from this. What you can do is buy, it is a good opportunity to buy cheap coins.

we can relate this certain dumped because of china's issue but its just a whale dive to shake those newbies and weak holders, the more issue to release the more whales diving too, they love to see the market to panic after some crash, so if you are wise enough you will just hold or but some of those quality coins while its still on its dip then hold wait for the bounce back and earned.

I meant there are plenty crypto news site that always update the news eveytime, This time the more chinese person are avoiding to trade in the chinese exchange site due to the latest regulation from the poeple bank of china. The market are worried right now.

No regulations yet.Rumors at the moment