Bitcoin Forum

That's my simple question lol ! Bloody as hell... Can someone explain?

CMC excluded Korean Exchanges from the prices therefore the prices dropped / corrected.

CMC took out Korean prices on ripple (due to them being outliers). People thought that prices dropped so they panicked and started pulling out. Fucking pansies and idiots.

Many whales are profit taking now, they made their multipliers on certain coins and as usual they are exchanging to fiat and buying up their expensive toys. Also ethereum is going up against Bitcoin, which means all the erc20 tokens are seeing a big drop in price across my portfolio today, so seeing like 20% sucked out of my holdings. I am a long term holder though and try to keep my cool when we see blood in the streets.

I understand better, thanks!

Pure holder too, I wont touch my coins for 5 years, but always an eye on portfolio, and damn, this day hurt!

Tomorrow and the days after will be better, keep holding guys, all of us will be rewarded, it's just a question of time !

Have a nice day.

which coin are you having trouble with? there are over 1700 coins in the market and each of them are doing a different thing!

the coins like ripple, TRON, Verge,... that have been pumped in the past couple of days/week and have increased a lot are currently getting dumped as traders cash out and then they will continue to dump more as the bag holders give up on making their money back and sell at a loss.

other coins such as Medibloc, UTRUST, Walton, Achain,... that have not been pumped in the past weeks or months are  currently getting pumped as the traders from previous part are moving their money out of previous coins into these new coins to pump them. then this will be followed by newbie who lost money coming here to lose more money here when the traders get out to the next set of coins to pump.

Here it is necessary to memorize only 2 rules: there is no growth without correction and always bribe on corrections.

Yes alts have made huge moves lately, it's very health to see some red days. I always feel uneasy when their is too much growth without any corrections

Jesus Christ. Being a newbie, I've been in that exact position. The truth of what you just said burns HAHAHA.

Yeah, one of my main investments has grown 150% over the past few days... Nervous as I think the whales are moving in to pump the coin, dump, and leave everything behind. Hurts to think about, but this is the world we live in.

So,
Should i hold on to my Stellar Lumens i bought at $0.62?

Do not worry it is part of the everyday routine that crypto markets pump and dump and rise and correct, we will see more and more growth in coming months so correction is always going to be healthy for the market.

Now is good time to invest in more. Just dont sell altoins now, the coins with potencial and good comunity will grow up again in next weeks. Just dont panic  ;)

Lol same question for today, so huge! Between 20 and 30% dumping on main cryptos like xrp, ada, lumens, trx, ...

Wtf...

Nothing special happens today as whenever a money market goes upward to a certain level of resistance it always corrected a bit to find a support and it happens every time after a big move. It will again gives buying opportunities to long term investors who sell at resistance level.

The market is very volatile now. With the new pumps and dumps group being formed and in action, they are killing the actual value/organic growth of a coin. Whales do not bother what happens to the coin future, they just come in, take their profit and leave. However, do remember that Alt which have active development and strong community to back up will always stand strong so pick your Alt carefully.

last, HODL is the key. What's red now will be green soon so continue to HODL.

I'm BLEEDING :(

Looks like 300 billion out of the market cap ... though probably a fair correction given the rise it has had in the last 3-4 months!

Bears sold the market, bitcoin went to the lower levels of the price, the altcoins went after him, you need to calmly wait this moment.

It's normal that some Altcoins are dipping, the market will eventually correct itself soon. Just need to be patient and hodl.

Just hold your coins soon the price will recover.I think this is happening due to countries banning crypto currencies but there are more rumors are created by the crypto currency haters which results more down fall in the price then it is supposed to be.
So it is time for buying some crypto(in my opinion) so we can make more profits in the future.The new investors don't panic about price fall this is just normal scenarion when a country bans bitcoin the same situation happened with the China issue but soon the price bumped back so might happen this time also.

It is about whales as they know take their profit to make and more profit. They will be back soon or later. We, long term holders, shouldnt be worry about and I would like to remind you one of my favourite quotes;

Struggles are required in order to survive because in order to stand up, you got to know what falling down is like.

Well it was a nice wave few weeks prior bloodbath.
Maybe shopping for fiats, it's sale everywhere

We are in hope of correction as there are high expectations from altcoins as they got some amazing features but this dump is a huge set back for small scale investors as they end up with almost nothing but the only solution is to hold onto the coins and wait for the next pump but it becomes really difficult to manage emotions at times

man from 10 January , you thought that it was bloody hell, it was not! today is bloody hell haha, some coins even lost 30% in 1 day and ~ 15 % in last hour.

Keep cool and hodl!

stop your emotions and your portfolio values will be green in the near future.

Long term holders won't worry about what's going on over here, this is just a passing phase which will eventually lead to more growth.

Keep in mind that most alts are directly traded against bitcoin and not against USD, so when BTC goes down, the USD value of alts go down automatically, even without actually going down in their alt-BTC ratio. This is a normal correction, just need to wait it out...

the expected event, the time to buy the crypts, there is a correction and some time the fall will continue, the laws of the market have not been canceled yet, be patient and if possible, it is better to fill your investment portfolio,happy trade for all)))

Trend is never a straight line. If it continues for many days, then be worried, for now it's just a minor correction due to what happened with Korea - which is a motive, and the fact that the rise over last month was brutal - which is a (more deep) cause.

Correction of around 20% is to be expected and then the rise again. The trend is always tested by week holders, but once they go out the upper trend should continue, especially because many more experienced investors will take an opportunity to buy at low prices.

The only problem for me is the fact that the trend with cryptocurrencies is so steep that it is hard to make a technical analysis based on patterns, or even a simple Fibonacci retracement.

Oh man its a bloodbath in the markets in the space of 120 minutes since
I last checked. People are panic selling leaving some nice prices for those
who see an opportunity for cheap coinage.

This is all because of the south korean government issuing an outright ban
on crypto, which still wont mean the people wont be able to get crypto.

When I first came into the space I was shocked at the volatility too, but now, including today when we are seeing 20 to 30% crashes across the board it's just meh! Tomorrows another day, I don't even find myself glued to the rises and falls any more. Lots of new money coming in and there doesn't seem to be a lot of logic as to where it is going really. Wait for the market to settle down again.

It keeps going down and down, don't know if it's going to stop  ???

WOW!
TIME TO BUY GUYS!

That is an insane "overture" !

Calm! There is no growth without correction! You want the growth of all the altcoins to be even greater? We wait! Soon there will be a new wave of growth of altcoins! ;)

Its really worst guys. Come on. Move forward investing into altcoins choosing the right coins now. Still the value would go down bit more i guess. But be sure that the investors are really fill their wallets with more gains few months or one or two years if they invest and buy coins now.

There is going to be big change in recent days in altcoins values. Hope to have a good situation.

ah the panic has set in.
This hopefully is a temporary correction just like last year with the china ban on ico's.
These times are a perfect chance to buy at prices that you previously missed out on!
What I fear now though is that the rest of the world governments dont follow in South Koreas actions beacuse this is Cryptos Achilles heal imo.

Not only Altcoins as well as Bitcoins are losing their price right now. What is the reason why the price of bitcoins is falling? Hopefully this is just a short time now it is an opportunity for us to buy at a cheap price.

Everything is interconnected in some way, I see loads of newcomers who are losing their minds on this stuff but where crashes happen opportunities arise so get out your bucket and spade and go get some alts while they are cheap then sit and wait for the bounce.

it is normal when the king (BTC) goes up altcoins go down when the king(BTC) goes down altcoins go down , repeated scenario for one year ++

Yes i see today every coin is big falling down.Although Ethereum fork is still running i know but why also Etherum going to the decreasing.
In two hours all alt is showing red signal.But do't worry just patience.

Just like what is happening today. Many altcoins drop their price today. But i think they will grow again in the coming days. I have some coins in my possession and it their price drop significantly.

eBTC is one of the few green lights on the way up today (70% increase), then again I just checked someone just bought 170000 on Hitbtc so I guess someone out there is taking advantage of the dips today. It's gonna be a feeding frenzy for the whales today across the board

---

Yup it is a blood bath today, you have to love the ride in cryptocurrency. But it will pick back up again it does this regularly.
Some good buy in points will be coming up. Me personally have long term holds so will just watch the carnage and see if I can maybe top up on some or pick up another alt I have had my eyes on.
Just don't panic sell.

Yes this is important thing at this time & emotion is dangerous in crypto platform.I believe everything will be alright in a few weeks i mean within february market will be pumping.Just keep hold your coins & keep patience.

Astrologers declared a day of bad news from China. The number of heart attacks among cryptoinvestors increased three times :D

Cryptocoins are dying  :(
Joking, I think situation will get better in a couple of weeks.

Hello newbie, this is what happen every few months, wait for few weeks and everything will start to go back to normal.
We call this market correction

The situation today is very unstable, and in principle, as always, so I do not even know why the situation is this, but I assume that in this case, news about Korea can play a serious role in this situation

It's been down for 2 or 3 days, this dip will eventually stop and most coins should begin to rise once again.

Only 4 Altcoins are green as far as i can see, everything else is RED...  that is awkward indeed, scary and awkward.  Go to DIW and invest there, always GREEN!  ;D

this is the baptism of blood for beginners)))
Listen to the elders and do not panic.
dont sell -only hold in this days

Prices have fallen so much today because China and Korea want to regulate the market and mines.
The market will recover. Do not worry! I think it's just amazing how fast this has affected the prices.
Within minutes, all prices have fallen sharply. Even the ripple has dropped, although you can not mine the ripple.
This shows what influence Bitcoin has on the other coins. It always amazes me.

I think as bitcoin's value went down to such a huge extent, the otger altcoin's values went down. I don't think it might cause much problem later on as people will start investing in bitcoins as well as other cryptocurrency which would lead to increase in their prices again. So if you are holding any good altcoins, I would suggest you to keep holding them.

Very good to testing newbies for they first huge dump. All strong must hodl tokens/coins and stay calm. The weak sell and consider losses.

Horrible day today if I look at the numbers on my blockfolio. Before using blockfolio at least I was not aware of the entity of the losses. But I am not panic selling. Instead I AM PANIC HOLDING.

Haven't checked blockfolio today - decided not to sell but I'm this close to panicking

A project I've been watching is Polymath. Right now their airdrop is backlogged, but looks like they're making big moves. Saw that they partnered with Overstock to bring Wall Street to blockchain: http://www.thedrum.com/profile/news/280305/tzero-and-polymath-team-up-bring-wall-street-blockchain

I understand you all, and obvious I'm holding, but no one can deny that this dump is historic! I'm maybe a newbie in this world of cryptos, but here this is not a simple «correction»...