Bitcoin Forum

Bitcoin is driven by some really vehement bullish spirit right now but when u look at the altcoins - some show the worst performance ever recorded since the beginning of 2018. Namely WAVES, XMR, ETC, IOTA. WAVES just got smashed down to 0.0000001 btc on Binance exchange. This behavior is at variance with what I expected to see in this space this year. What is happening?
https://i.imgur.com/YwYvKoS.png

You made me greedy after seeing i went to binance for buying such a low price but i dint find any one selling for that price neither its tradign in the price you quoted . I am disappointed .

No doubt that market is not favorable to such altcoins including WAVES, but I can say, in 2018, I made a profit with it using scalping and not a long term trading. With the further increase of bitcoin, we can expect that it can drive altcoins including WAVES as there is no things to worry about, for now.

I heard of this crazy drop in the value of waves. I sincerely don't know what must have necessitated such an aggressive decline, but I congratulate those that were able to pack the coin at that value. This leaves me with an idea to always set ridiculous low prices on some altcoin, we never can tell when next coincidence like this would repeat itself.

What do you guys think about the WAVES' future? Does it really stand a chance against ETH and everyone fighting in this space?

yes, i see the charts on binance, and this is happend about few hours ago
but, i set up a buy order on binance a little bit lower, :'(
i always think others crypto can be like this too,, my friend
so, i always set a low buy order with few amount bitcoin, because crypto is unpredictable  ;)

It looks like someone was just dumping his coins at the lowest possible price, since no other exchange were affected and the price immediately jumped back.
Might also have been a faulty bot that has filled the orderbook of various coins... who knows!

So actually this isn't a real flash crash nor does it represent the correct price.


Regarding technology, WAVES may compete with ETH. As for now, ETH seems to have way more supporters in the community, so i am pretty sure ETH will remain the #1 platform.

Right, sometimes this may happened. I have faced this situation few times and when i wanted to buy and open the trading pair, i haven't found that low price. I don't know why this unexpected situation happened.

when someone dumps his coin, it usually drops it looks normal to me. if you have to look on some other else there is Enigma token which also happen to be dumped lately. waves is a good investment but then there are also whales in this token just like any coin.


or it could be because people wanna buy more of  this waves for vostok tokens now they want holders to also dump so they could buy.

Waves is a good project and i have seen fights where people claiming that waves will be bigger than eth and even btc but then we see nothing but struggle for waves. I have been holding some waves from like 2 plus years but im now thinking to move to eth or btc because waves has not grown according to expectations.

I do not know what the future holds for waves but at it stands, it poses less confident for me as I would not be looking its way for investment having had a very hard time last year and never had any significant rally like many others. Again the waves trading and development platform is not equally improving. So far the attention has shifted to EOS, NEO and possibly Xlm.

Yes, I also noticed this, probably someone very successfully invested, because I do not think that there was such a large amount of Waves that would really hit prices in such great opportunities. I think that there is something there.

The question is how many buyers where able to buy at that price? I ha4dly doubt there was a serious sale in that ridiculous amount i just saw above, i mean how was that even possible, someone mistakenly sold for that amount or what, whales must be at work no doubt ;) although i wish i was able to be among the lucky one's to buy at that price ;D that would have made my day most definitely.

Lol why you keep saying that when those have said about that since 2017 never appear again in this forum. I heard that in so many times and it doesn't.
Waves is a speculation coin and no more. A lot of new platforms even surpassed waves. waves has no chance to compete with ether.

i think it's just a glitch, order at that low probably weren't filled. it would be best to ask in binance chat or their support, they will have an answer.

Lucky for those who able to catch up, this coin really fallen from the hands of the weak or also possible from the hands of the big whales around, trying to make some movements to be followed by doubtful holders around, luck and trust from investment that you'll going to take.

Wow, I can't believe that. I miss that moment :'(
Those lucky people will gain a big profit if they decide to sell right now and I am sure that they can get the money plus a big profit.
But I curious with who can use that moment to buy a very very low of waves price.

it was far from what I had expected and hoped for, but believed that now was not the time for the market to realize our expectations, the market had fallen so deeply that I realized that it was not easy for the market to recover, even though the market would eventually recover but it will require a lot of time and process so we must be willing to wait for it

This is a very good news, Am sure Binance will surely pump waves coin and with this buying waves coin and holding for a very long time is a wise decision.

there are such candles. These are most likely some kind of unnormal failures on the exchange. i think you don't need to pay any attention on this

There are very limited opportunities for altcoins. Especially one like waves that offers the creation of other altcoins. Long story short its entire existence is based on being a better clone of Ethereum. The only way I can see it having any future is if it targetted certain demography and certain nationalities.

that was not for long, but people who bought waves at that moment now very happy I guess, but very interesting what happend?..

ETH has a much larger ecosystem of developers and users than WAVES, but WAVES is very active in development and seeking partnerships. For a while it was behind ETH in its capabilities, but by adding smart contract functionality it was able to catch up. The key for the success of WAVES will be incubating projects that can reach mass adoption and forming the right partnerships.

Such a movement is similar to a hacker attack that someone arranged for this coin. I think that this project is in very bad situation

I think that the waves project has a serious vulnerability which was used by hackers and then leaked these coins to binance.

I also often monitored Binance's exchange, but did not see the price of Waves going down to the bottom, was that a fool doing it. I am very surprised here.

Nothing is surprising to me anymore in this space. Since Bitcoin can fall so drastically in price, from $19k to as low as $3k, it's no doubt if any other coin do so. The space is just so crazy.

I think that someone was very wrong. I have never seen such a thing before. Lucky those who bet at the bottom, they were able to earn a few thousand times.

I think these declines show that the bull is coming. When the passing bull came, the waves were falling.

Instant rebound just shows that waves is at its bottom.
Nowhere to go but up from here.

Gotta say i love the wavesplatform.
I have tested almost every platform out there, but its waves that i use almost daily.
You dont have to invest much to use it either, but if you need a blockchain to implement an idea then waves is the go to platform.

Waves is a good coin, so no one will sell lower than its real value. There might be news about the price dumps but this is very unusual for a great coin. Those who are able to buy on that level will make a big profit soon. The price will not dump much after this, it will rise again hodlers of waves should not panic.

It was confirmed that it was a bot who did that i believe it was 3commans or gunboot. Good job for those who have bought and placed that order. They got an instant fortune thats why I never used bots because of this sole reason. I hope this serves a lesson for those lazy traders who only wants profit but not working on it.

I own both ETH and WAVES and I agree with you that WAVES can never be where ETH is but, down the line, it comes to how they market themselves while fighting for the space behind ETH.

sasha and his team is really veyr lazy. there is no any improvement in waves chain nowadays.
eth's team and project is better tahn waves.

I'm glad that I didn't bought waves. But this coin was totally on hype during its launching days and I've seeing people who are very optimistic with it. But not for today, I didn't know that something like this happened.

It is not a dump really. Price picked up instanly.

It can be a whale dump in a shallow market, fat finger or some kind of a glitch. Nothing more.

Waves is always moving slowly, this is what makes me impatient to hold Waves too long, even though it is available in various big exchanges including Binance but I am sure Waves is difficult to skyrocket.

These kind of stinking bids are not uncommon, I've seen them before . If i am not wrong this happened to start as well in december.
ETh was dumped was to $35 for few seconds on GDAX

According to the information I know, the price of WAVES has plummeted because whales have manipulated the price of WAVES and killed greedy people who have placed LONG orders in margin trading. This is evidence that playing margin trading is dangerous and it is not a place to invest.

Well this happen because a mistake as this article suggested but take not so much time for the price to recover. I wish i had buy orders so low for waves but i didn't.

https://cryptopotato.com/very-expensive-mistake-waves-flash-crash-by-99-9-to-10-satoshi-on-binance/

To me waves is a project that at least has something real to give to the community so it is better than 99% of the projects out there but the 1% waves is competing against are no joke, the waves developers are competing against other decentralized exchanges and they also want to get some of the market share for ethereum, so for the time being I am bearish on waves but once the bull market comes waves is one of those coins I will keep track since I expect spectacular profits.

The accepted number of standard tradeable cryptocurrencies out there are around 1700 .. 99% of that is 1683 .. so you mean to say that Waves is the top 17 of all crypto's out there? Possibly better than them?? I don't think so.

I'll quote myself again here ;

this is a huge opportunity for the one lucky enough to put a low price buy order i wish i made something like that :p but how knows what's the next coin that will make this weird move again :)

I Had one at half the price but lol that was in tether....My bad luck

Everyone would missed out these kind of opportunity yet we dont really expect for the price to crash low like that on a short span of time but there would be
those people who do able to buy out into those dump prices and they are lucky enough to see those golden opportunities to make some profits in a short span of time too.

Talking about WAVES potential,it might not able to surpass out top alts like ETH or others but i would say this is a potential one and much better compared on most shitcoins nowadays.

The stump is clear, it was a failure on the Binance exchange. The hardware made a mistake and showed such a sharp drop. And given the short duration of this misunderstanding, it is unlikely that anybody of the traders managed to take advantage of the Binance mistake and place a buy order at the very bottom.

Nah that low price will not happened again. The price of Waves is bigger than that price right now, it means Waves is success right now. Not big success but at least the price can increase high.

If Waves develop more their blockchain and exchange, maybe they can compete with other big exchange/project and makes the price increase.

What I read about the Waves incidence is that someone decided to bring the price down and profit from it, this is what happens when you see coins and tokens will weak buy wall. I do agree with you that  in coming years many of these project will worth almost nothing and expect their price to dip close to Zero

if waves reaches 100 sats it will finally be where it belongs
so it would not surprise me! haha
centralized scam coin by a serial shitcoiner that just cause people FINALLY gave him money for one of them he's legit NOW?   
ya, right

I don’t see anything bad in its price movement, the ones that have jump high or skyrocket in price, where are they now, they get pumped and then dumped, which makes them become shitcoins.

Coins like waves will be more reliable to hold for long and use for payment than other volatile coins, when the volatility of a coin becomes too high, people strictly uses it for investment purpose and not for payment, because they fear that at the time they accept it as means of payment for product and services, it could drop far in value and go below the worth of the item. So a stable and steady coin like Waves will be more useful in this case.

It's really hard to judge for this. when today the rate of BNB's price increase is too fast. I see BNB is at the price of $ 23.82. Can I get some profit in the short term? But I feel that this price is not sustainable.

Definitely not on investing it for short term profit! I have invested around BNB for 300 USD 2 months back but now it crossed 400 USD and more so it is completely based on the luck and how the marketplace value fluctuate for this coin.
As I know there is a chance to see binance at a good price soon.

few day ago when i see Waves price down to 10 satoshi i'm very shocked, why and what the reason and who are make the price down so very deep, i don't believe, i wish i put order on 100 satoshi at that time  :P ;D

Projects like Waves and Neo haven't been particularly impressive. Over the time, they have proven redundant and look likely to be forgotten at the pace technology is moving. Some projects are already migrating to xlm blockchain

That was a damn intense dip for sure. This is one of the ways pretty much everyone, even a miniscule trader can make bank and became a whale. Btw, this kind of a thing has happened before on Binance (and obviously on other exchanges aswell). And it will most likely keep on happening

I'm sure somebody who made orders on those levels got a huge profit. I don't like Waves but trade is trade. I don't know who left own orders at such price level. It's a piece of luck and nothing more. Nobody can think about such a dump. If he doesn't know something from inside project ;)

There was a thread in the speculation or trading board about this one.

Other's say that it was a bot who may have put that order. However, we all know that there are still human behind it, so I guess there was a mistakes on his settings that's why he might have dump it. The thing is there are guys who are able to scope when the price of Waves is cheap so they are very lucky.

Same here, I don't know why people without making their research well, come to this forum to give information that is not proper, when I saw that the price of waves have been dumped on binance, I rushed there quickly to see if I can pick up some coin from there and go sell on another exchange that has the appropriate pricing of waves but I never saw the price of waves at the amount you stated and I don't think we are going to see it there, so please let's try to do our research well in order not to pass false information around.

Like Jating above you says, maybe this a bot trading mistakes and make the price down very deep, but i don't know why the prices of waves are down so deep, people are place order on below 100 satoshi of a lucky people

I think waves is controlled by some whales in big market, i often see pump and dump scene,,do not konow what is waves use for and whats good from this coin?

In some of my trading groups, traders say this is how whales kill investors in margin trading.
there seems to have been a lot of investors placing orders for Long and whales that have made investors lose by going against their expectations. It has dropped to the bottom and investors have been losing a lot.
Margin trading is really dangerous and those who have no experience should not try it. ;)

it's not a bad thing, and it usually happens because there are people who either intentionally or not sell all their coins at cheap prices,
for me it will not affect the market price, and anyway, it is fortunate that people get these low prices.

a very drastic decline. not only in Binance. but in some exchanges such as in Yobit and tidex it has also decreased. Waves is a cryptocurrency that can be said to be more unique than Bitcoin. Besides being able to trade, Waves can also be used to send messages and have a decentralized exchanger called DEX. Interestingly, Waves can process hundreds of transactions in just seconds, superior to Bitcoin.

I don't really think that the binance is the cause of the decreasing of WAVES value. There are probably people using their power to decrease the value of WAVES in binance, Maybe there are many whales in Waves and they are trying to control the value.

Thats a wrong assumption. Although there are new projects being developed on waves as compared to ETH. But the whole point is, there are not enough companies using it as their base token / dapp development platform unlike eth or eos which has some major backing.

Yea, unfortunately Waves came a few months too late and never really took of in popularity. But if you haven't tried or heard about it: Try the Waves DEX. It is a true DEX (not like Binance) and trading is super easy, fast and cheap! Only a few markets have a good liuidity but I hope it becomes more popular

it is really very interesting.
some bots can make moves like that. someone lose really big moneys from this sale.

About binance.com today a lot of talk, both bad and positive.  Of course, everyone likes the good potential of the BNB token, but not everyone will like the recent announcement by the administration of binance.com that they still have leverage over account creation or user funds, despite the fact that this trading platform seems to be decentralized.

and how I will not do this?  All DEX trading platforms are centralized and no one has access to the funds and personal data of users.  Something is wrong here or they want to deceive us all.

Those who act with panic selling really lose a lot, as bot can do things that unexpected, human behaviors who don't have enough trust and knowledge will follow the current trend and sell their assets thinking that it's better to lose some than to lose everything, this event will teach traders and investors to think calmly to make an assessment that will still favor them.

Big guys watch closely the waves market and they compare the potential opportunities on the entire market in order to catch the best possible profit/loss ratio. Investing in waves is a smart decision and it has the potential to list on the upcoming DEXs.

Am still trying to find out when that exactly happened because on Binance i didnt see anything like that there and basically wave is still 2-3 USD on coinmarketcap so check your facts right I think maybe there is some kinda of issues with your graph If it were like that i will buy all the waves on binance with my money and sell to other exchange

Even though Waves will be listed in known exchanges still can't catch it's bid days for now.  It won't have an essential value that might traders and also buying individuals will choice this coin and helping it out from being out of the race.  It's platform is a big consideration why only few using this one

First of all, we must take into account the demand for waves, When we talk about their prospects.  The coin itself may not play Romny values, while the really promising projects will not be interested in the platform.  Only then can we talk about the current future.

Thats good to enter and ride the wave as long as WAVES ( coin )  is still being manipulated because you can earn quick and easy profits with it and the good part is that that WAVES will not be totally usesless if ever the whales decided to stop manipulating it because WAVES have its own unique usage  not unlike to other pump and coins out there that once thier value have been dumped  , they cannot recover anymore  .



Waves is like eth , eos , tron , etc... That have the ability to create a smart contract or a token   but aside from its primary usage , waves can also be used as a currency and an asset tool  for investing and paying/buying .