Bitcoin Forum

For me i think cryptos become money washing machines thats the only reason i can think of this endless correction . Wtf can else be

I think it's following the trend "Fall out" of Tom Cruise, lol. Volatile! It's the only reason I can think of right now. Bitcoin dumped because of ETF approval's delay. I can't imagine how it'll be like if SEC approve all these 9 ETFs next month.
https://www.coindesk.com/the-sec-will-decide-on-9-bitcoin-etfs-in-the-next-2-months/

I understand sudden lack of zeal after SEC postponed its decision. It looks to me like market players are now unavailingly looking for some fundamental news and so we will be most probably seeing a few weeks of sideways movement or mild decrease in price.

i don't know what you mean by "money washing machines" but altcoins have always been pump and dumps and the market had always looked like this. it is not really a big deal we all have accepted this which is why people don't have faith in altcoins despite what they say publicly and want others to believe. and this is exactly the main reason why majority of these altcoins are being created in first place. the devs know it, the investors know it and newbies will also figure it out at some point.

Some years back we have this issue of bearish market and many investors were saying the cryptocurrencies market is dead,  some were saying that bitcoin will not get to $1,000 again but in 2017 we can see what happens . If you are an investors you have to be patience with this market.

No one knows if cryptocurrency is going to be dead or anything. But if you want to get into this game, you have to be patient in order to have some money. Don't expect that the market is going to go green if you really need money right now. If you want to get money without patience, just work outside cryptocurrency.

Yeah, it’s crazy that $20 billion left crypto with that news. Shows how much dumb money is in the market. People over reacting to news that doesn’t change usage/utility of the investment. Just means it’s not mooning when they want.

I think we should take good coins now and wait now it's too dangerous to sell something then you'll be very regretful I say wait and enjoy

I have ended up getting rid of most of my "Shitcoins" selling these off from January - March,

the coins I am left with now I will hold for the long term (3+ years) such as ADA and NEO

You are right, I hope that a big part of the alt coins are dipped enough and that we see starting from here a turnover. The alt coin season will bring a lot of opportunities for everyone in the cryptocurrency.

I will hold on for a moment with current market conditions, and save for the next few months, and hope that EOS will develop well and have good potential. Certainly, a lot of people keep their coins for now and they will return after the market is good.

I think if you are an investor you should buy only coins with working product and forget for 1-2 year or even more.
If you are a trader - learn how to trade
whaletank trade

What I think is the fact that, it is the nature of every market to always have fluctuations, which is classified as either the bear period or the bull period. All fiat pairs, gold, silver, and other commodities do have these periods and I see no reason why the crypto market is going to be different, except for the fact that it is decentralized.

There is no point calling it money washing machines unless you can have yourself to blame for not being able to take advantage of those fluctuations at due time. We all know that most altcoins should be the most careful ones to be trading based on how volatile they can be, but that does not mean most of them do not still have their advantages.

With respect to SEC ETF postponement, I guess we will just have to wait till September 15 before we can see how the outcome of these ETF proposals will turn out.

This situation just a elemination of more investors. We should wait more and earn a lot money from this market. Be patient for good profits. Market’s prices didnt stop to go up more and more 7 months ago and now toggle it this situations this is bear market do nothing else just buy from deep for bull season. Buy coins and Hodl

I don't have anything to think now because the market has not been stable yet. What I am now doing is finding the best coins to put them into my watched list and waiting for bullish confirmation.

I think that you require that the cryptocurrency market has always been as successful as possible and has brought to all people a good profit. But this does not happen. This is a kind of game in which you need to be able to play. Invest in the right coins and have patience.

You meant all those altcoins are just for laundering?

Can see there are teams that are in good faith, lets just say they are really dedicated people who are trying to make a project useful for the crypto users who also supported them. There are projects that had been successful already in the past which they hope theirs will also be a kind of legacy for them. As for the prices, you really can't blame those who buy for profit. If they see, they are not going to hit big, they'd drop it like its hot.

If BTC, then yes, it can be used for laundering. But other crypto assets are not suitable for this because of low liquidity. If this happens through the BTC, the alts just follow it.

I made most of my investmenta in mid January and i have stopped following the performance of my portfolio. Hoping for better times to come.

If really investors are jumping out that much , thats a negative feedback for us as a community members we should defend the cryptos not only hold and wait , all these supporters in here why not posting against the FUD in social media

I quite understand the agitations that are created once the market is going in the wrong direction. But then issues like the decision on Etf will come but they don't affect the fundamentals of the market and so for me there is absolutely no cause for alarm. For the naysayers still hovering around, I have a single message for you, no matter what happens, the crypto market is here to stay and will surely define the future of finance.

If everyone thinks like you, then Crypto and this world will experience destruction. you only think negatively without a sense to be able to think much more positively. if you think like that then you should think about other things too. every financial media must have a negative side and also positive. explained positive education and also tried to explain how the main function of a digital currency would be very helpful to the public's view of Bitcoin. this is the initial foundation that must be immediately corrected, because if this stigma continues to persist and continues to circulate there will be tremendous chaos for digital currencies and also the global economic situation.

Honestly I don't understand what you're saying about money washing machines but for me the cryptos are becoming more interesting because of the benefits that we can get from with it. Decreased and increased is a normal movement of all coins here and the best thing that we should do are stay calm.

i think this delay make the crypto marketcap down,,
people start sell their coins and create another big down in the price as we can see now
but, we will see the price will grow in slow but sure in the next couples of days my friend

yea, we are just lambs to the slaughter. But keeping buying low and sell high will prevent us from being victims after manipulation.

a good and simple strategy, sounds very easy. buy cheap and sell when prices rise, but this requires courage.
we don't know when the market will go down. unless there is a large wall so this can be a reason to buy.

I think that you are right. The crypto currency opens up new horizons for people, but ... But there are those who simply earn huge sums of money on this. They dictate their rules to us, we are just puppets in their hands. They drive people into a difficult psychological state, in which a person can no longer soberly think.

In today's digital era, there are many new things that you must understand and know. Unlike ordinary currencies that can be counterfeited, the cryptocurrency uses cryptography as a form of security that makes it unable to be falsified. In fact, this virtual currency uses encryption that serves to verify every unit of money delivery between users. In addition, encryption also regulates new currency units.

That is true it is not that the market is in a very negative state right now it is the people who are expecting more in the current market trend are the ones that are creating the negativity in the market and what we need right now is instead to put blame into something or someone we should learn how to adapt into the current market trend and eventually newbies will learn how to do it.

At the moment I think the market is starting to improve slowly and will be able to recover the market that was down yesterday. And that doesn't mean the money laundering machine, this is a kind of savings for the future. Crypto is able to make everything possible.