Bitcoin Forum

Over the past 24 hours, the cryptocurrency market dropped more than $22 billion, falling from $343 billion to $321 billion in market valuation. Bitcoin fell by 5 percent, while other major cryptocurrencies recorded larger losses, dropping by more than 7 percent.

What Triggered the Drop?
On previous reports, CCN emphasized that while the cryptocurrency market has somewhat stabilized in terms of price movements, the volumes of most digital currencies remained relatively low. Bitcoin’s volume has not been able to rebound past the $5 billion mark, leading investors to become uncertain about the short-term future of the cryptocurrency market.

The bitcoin price initially seemed to be bottoming out at $7,500, building momentum around the $7,600 region and breaking the $7,700 mark. While prominent investors and experts including Peter Brandt suggested a short-term rally for bitcoin, the volume of bitcoin failed to pick up, disallowing bulls from taking over the market.

Read the Article: https://www.ccn.com/bitcoin-drops-to-7200-while-ethereum-ripple-and-bitcoin-cash-see-losses/

This might have been a nightmare for some participants who invested at Bitcoin, Ethereum and other Cryptocurrencies.

What are your thoughts?

another -500 since the article

but never mind i only see good news coming out daily so it's just the big boys shaking the tree to get the weak hands out before the next big bull run

Most of the time, the price of other coins also depend on the price of bitcoin. When the price of bitcoin goes down, the price of other coins also goes down. I hope in future the price will be increasing very soon.

Disappointing to see such news, as more good news from surrounding to accept crypto currencies such as government then the price is always down. I guess there is an opportunity parties to down the price for their advantage while waiting a moment to see the big bull run of the crypto. 

Definitely, just don't emphasize the downfall and the best things we can do is look and stay at the bright side of it. This can be a big opportunity to us in a way of keeping holding our coins and buy some more of it because for sure there will be the upcoming bullrun . Don't be panic instead be relax and calm because if we can make a wrong decisions there are many whales that waiting to grab the opportunity.

But if some of you start to become affected by the bear market, I can hold your hand and give you comfort in your moment of great doubt on Bitcoin. We can also talk about it, https://bitcointalk.org/index.php?topic=4454612.0

the numbers you are reporting are not market "valuation". in fact they have nothing to do with value. these numbers are market  capitalization which doesn't show anything at all even though people are using it by mistake to rank different  coins!

the altcoin dumps have always been much more severe. and there is a theory these days that the altcoin dumps is actually pulling bitcoin down no the other way around.

I really think that this is caused by these institutions who wanted to get in to bitcoin. That's why they're shaking the market for more weakhands. They are able to manipulate the market because they have so much of it. If you bought in a higher price, I think it would be wise to just keep it. Be a stronghand, especially if you believe in the tech.

i agree, the space if moving forward unfettered sooner or later the price will come with

I think this post belongs to altcoin discussions. https://bitcointalk.org/index.php?board=67.0. It is so sad that the market right now is really falling. All coins. All of my investments are now losing. Like I'm having 0.06 now the worth of that is only .002. I don't know what to do. Hodl or not?

Bitcoin is again being ironed over the weekend. While some attribute this decline to Coinrail piracy , I believe believe that this fall would be intimately linked to an investigation by the US authorities into possible price manipulations.

For temporary, this will be a bad condition for Cryptocurrency holders but, keep calm because this condition can also be a wonderful dream for people who want to buy back and enter the cryptocurrency market and prices will recover when they act

It is soon around a half of the year bitcoin is floating between 6 and 9 thousands,but signature campaigns on the forum are not hurrying to up payments, I saw how much people compare for payment rates, to me it's a clear sign that bitcoin is going to raise a lot, the heads of projects are those people who should know it for sure, right? This current drop is temporary, we should to look at this positively as on the opportunity to invest into crypto by good prices.

This news is a late reaction since the price of bitcoin comes $6,600 same time you posted this thread,you should have double check the price at Coinmarketcap before briging this here 😂😂😂

But today some move up growth happens but its only small amount compared to what it lost yesterday things that has been happening for how many times,that the market prices didnt recover in any prices dropping things that alarming for Holders

Those of whom who bought Bitcoin when it was more than 10,000 dollars will be devastated by the whole scenario. But those who earned it through mining will be unfazed. You are somewhat right about that. The losers will hate their decision for a very long time.

Price may fall down at any time. This is normal. But this time I think, price is falling for FUD, so many negative news and effect of Coinrail crush. Hopefully it will not be continued so long. So HODL would be the best strategy.

hmm cool, dude. do not bump out of shape like that. we are all facing the same problem, the situation is far cry from now, but in my opinion everything that happens now will end, the bull run market is coming soon. every cloud has a silver lining, we will face all this together so you do not need to panic like that.

Bitcoin falls at such a rate that OP does not have time to follow the news. He's not the only one. Bears are easy to crush Bulls. I don't believe many people sell their coins. I think all the deals are between the whales. They only create the illusion of trading on exchanges. Payment for the transaction is 0.01%. That means the whales have to do 100 surgeries to lose 1%. During this time, they reduce prices by 10%.

If you have been in the market for about a year or two, you should be immune by this so called FUD. By now, you should learn not to listen and panic as it doesn't really bring good to sell when the market is red. I think we have reached a new bottom as the price keeps on going down and its now at $6400. But then again, we have seen this many times, and its going on a cyclical, so I would assume that everyone should just be HODL or trying to get as many bitcoins as this time because another golden opportunity has arises. Also just remember that it not just Bitcoin who is suffering, but the rest of the crypto verse, so don't lose hope.

The pricefall is normal I think. Don't panic hold your coins, the price will be normal soon hopefully. Bitcoin price always influence the whole market. That's pretty normal.

well, this is a very risky market, if someone is going to invest in this market then this person must be prepared psychologically for any price movement, because in this market it is very normal for someone to lose 50% of their investment in a few days. it is enough to see how the Altcoins fell a lot to understand how dangerous this market is, my recommendation is that people invest in the long term something like more than 2 years because only this way the person can have peace of mind, because will not be all days worried about price

In crypto market there are so many coins are available. Among them bitcoin is the best.They are the market leader also, they maintains their performance that’s why they can reach their goal. Ethereum, Ripple, Bitcoin cash they are the follower of bitcoin.

Mainly in the market there are lots of coins also the price of the coins are low nowadays based on this most of the coins are infected for price and this effect on all coins but the thing is the price of the coin again started to increase nowadays also the this month is favorable for crypto also.

bitcoin becomes the benchmark of investor interest in the currency, if bitcoin price falls the possibility of other currency prices also fall.

I’ve been in the water for sometimes now, it does go low and high on daily basis. I don’t think I have to worry about it, if bitcoin does the same movement as the sea. Who cares eventually that it happens, if when it won’t really goes away or it won’t never disappear. Take a big breath and enjoy its beauty, but don’t think about it’s negativity as it can fall you down and be drowned.

Yes, the bear market has still not ended. The price of Bitcoin are dropping. As the price of other altcoins are related to the price of Bitcoin, the price of altcoins are dropping as well.

I think the bear market will continue until July. there is no thought at all to sell at this time, I just focus on the right time to buy.