Bitcoin Forum

The cryptocurrency market was overwhelmed with positivity throughout the past couple of days as all of the major coins were trading in the green. A lot of them scored double-digit gains, causing many to believe that we might have entered a new altcoin season. However, this notion was quickly dismissed as today the entire market is bleeding red. Bitcoin plunged around $600 in a massive red candle, bringing all other altcoins with it.



Full Article (https://cryptopotato.com/crypto-bulls-celebrate-too-early-bitcoin-just-plunged-600/)

Altcoins are holding up decent in BTC pair which I think is a good sign that pump isn't over just yet, Altseason might happen after all, Making more BTC from Altseason is the best thing. ;D

There is nothing to worry even if we are now back below 10k$ and ringing at 9890$. This is just a normal scenario and there is nothing to worry since the graphs tells us that it will not go down below 9700$ and it has a good potential to go up 10400$. Though this is just my opinion based on my chart reading but we have a tendency to go up back up towards 10k$ and up. In my opinion it is to buy bitcoins at this time.

For a pass few days now the market has been on green land in the coinmarket, mostly alt-coin, which was a good function in the trading... Base on the current price of Bitcoin at $9,907 is very good to invest for a future.

We are still waiting in the moment of bull run but seeing huge red candle in the chart seems many people worries that it might fall down again but for me its still okay simply because we already face that kind of fall down so basically you should not worry and still hold your bitcoin and other altcoin.

The market moves very rapidly and this scenario isn’t new at all because as we all know bitcoin isn’t always on the green line but it has it’s red times as well. Pretty much this scenario is a normal thing with bitcoin, it may show a big price now but in just a couple of hours or days it will either pump up a little or dump big time. I guess we are to focused or excited for the speculated bull run that will hopefully happen this year that made people excited whenever they see the price going upward and they tend to forget that bitcoin may show bullish signs for days but it can also become bearish in just a short period of time.
Thus, as investors don’t get to excited right away when the price is high and don’t celebrate early because you’ll only be disappointed. I would suggest for you to make the most out it while it last because it won’t last that long.

Bull market will start soon... It was the pre(demo) bull. IMHO.
We must cross 13k for BTC to say : ok it is the begin.
Now it is something like accumulation mode for Christmas buys.

There is no point mocking the bulls that they are rejoicing or did it too early because whether they rejoice or not, it does not stop the market from crashing just like it has done so if they had not rejoice, it would have been a double jeopardy for the bulls and more so you don't have to be a bull because price is increasing it should be delight of everybody in crypto to see increase in activities because even if you don't like the increase in the price of bitcoin, so far you hold one other alt coin, you are affected as whatever increase that happens to btc, it affects alt coins and vice versa considering the dominance of 67% as at the last time I checked.

To other hopefuls, don't be despaired the green period is not over forever some others are still coming...

Altcoin holders has reason to be encouraged and optimistic but not much could be said about bitcoin holders of late. The price has gone on the red however not enough to inflict damage to the price

Up and down movements are to be expected, we've been trading in this range for a while, no reason to get excited about a small drop.

What point you are trying to establish exactly?

$600 plunge means around 6% dip! It is pretty normal in crypto market and provides excellent profit making opportunity for swing traders! I agree that there's nothing to celebrate, but I don't see anything to worry as well! It's very very much normal crypto market to see 10%-12% ups and downs! While I post this reply, the market has already started rebounding and recovered half of its losses!

I think it's naive to expect another Altcoin bull run. Even Bitcoin is not something everyone likes, and altcoins have mainly proved to be useless, unfortunately. I think there were some interesting projects, but if we don't count Ethereum, they failed to deliver the promised results. Ethereum will definitely survive, and I believe that some alts require and might receive rehabilitation during better times. But other projects, promising big things without having the teams and funding for it? I think they'll keep losing their value, and it will be very hard for any newcomer coins to achieve anything.

If we will continue to fool ourselves everytime market gives small growth or even fall and react as if it was a big deal,then nothing will happen to our investments

Why not just be a man enough to accept that volatility will always change our views ,remember that when we entered this market we also accept the risk will always there so the fact that we still not achieved our goal profit then better stop reacting on the situation

Anyone worrying about 24hr price movements probably has Arthur Hayes balls deep inside their colon.

I am reserving judgement and excitement until the end of 2021. Until then nothing is going to surprise me and my expectations hover somewhere around the level of - nil.

Incredible, having the altcoins season at this point in time is a welcome development because it has been over due. Seeing the altcoins doing well make my self good as making profits from altcoins to Bitcoin is an interesting one, this make me remember what happened some few years back. Although we may see a  good bull run after the Bitcoin halve next year and it will be a better time again with the altcoins.

It's not that we should celebrate early or not celebrate at all but it is something that the investors should be happy about. These things happen and are expected by the experts but I hope it will continue to push until the end of the year.

Altcoins has experienced a significant increase in prices this week. But again, this is a normal state that will occur in due course. In essence, as long as we can profit from the current market conditions, we will be able to continue to enjoy until the bullish time comes.

the problem is that even though many of you are not "newcomers" anymore but you still are acting like a brand new member in this market! what was the article says "was happening in the past couple of days" has been happening all through past 2 years!
the thing is only because it wasn't the shitcoins that are on top, nobody saw it. otherwise the same pumps of 10%-50% have been very common and each day of past 2 years we have been having at least 5 shitcoins that see such pumps and from time to time we see a couple that have a 1000%+ pumps.

what happened in the past couple of days was that coins with bigger market cap were chosen for pumps instead of those small cap coins! if anybody celebrated this, they were newbies thinking their bags are recovering.

It's back on its feet again, but not at the price that we really wanted, we are very hopeful that the last quarter of the month will bring positive results, but unfortunately, it's not happening, the price is still going down, the best or the highest that we have gained was the $13k level after that it went down and stay at the $10k level.

By the down price of bitcoin yesterday, it seems triggered some altcoin to increase, and we saw that the altcoin has started to rise. If the situations are like this, then the altcoin season soon will come and who knows, we will see it happen in the next month. Today, bitcoin is back to $10k but some of the altcoins still trying to rise so we have a chance to see some surprises from the altcoin. Or the other scenario is bitcoin price will break $11k and will jump to the higher rate. We will see it later.

I doubt if we will see altcoins rising next month, next month can't be the time a lot of investors have been waiting for, though I think that time will be next year.
Positively, by next year, there will be a major rise is altcoins, so don't be surprised if we see more red from altcoins, next month and towards the ending of the year.

Peopel are exciting to happen bitcoin back to high value,  celebrating is depends on them because we have different opinions.
If other person think it's too early celebrate bull run, but for now bull run are happening right now because the price is already half of the total highest price of the bitcoin in 2017. Until now this is questionable for the others if bull run really happening or not.

Now Bitcoin has recovered again https://www.blockchain.com/prices to $10300. I am hoping that the reason for the growth is the launch of Bakkt. Let's see if this becomes a success for the crypto market and whether the bull rally will continue.

Bakkt is everywhere  ;D. Let's hope that Bakkt will be the reason that we can see more pumps on  the Bitcoin, for the recent dump I think, it was just a correction as long it will not go below $9,000.
There's a lot of bulls got liquidated on the recent dump and lot of bears also liquidated when it bounce back again to around $10,000.

There is nothing to celebrate here, just the usual retracement/rebound movement in the bitcoin market. Last 48 hours was crazy but it doesn't mean that we are already in a sort of bull run because of bakkt or any positive news that comes along.

If you celebrate early, then you haven't seen what it feels like to get REKT in the next day. Just stay positive and let the market flow in its normal course and see where or how far can it go.

Words like " bleeding red" are too much and arr not appropriate for that movement. Yes, there was an red candle in BTC chart but it was nothing new and nothing extra ordinary from BTC. And since then  BTC has recovered nicely to the same level as before the red candle. Alts are relatively stable , the next couple of days will show us was it a fake pump or start of something else.

Insert the "new guy meme" here.

It's been years since this is happening in the market.

Though the price did decrease today, I don't think you should say it like it will be the same for the next days, weeks and months. We are dealing with a volatile cryptocurrency, the change would be really quick every single day.

What are you people talking about? Back on the feet again? Like there was some major price dump or something and nothing really happened.
I'm still surprised to see how many users still act and think like newbies, although they are not. What happend is just usual snall correction, something that normaly happens in Bitcoin price cycle. So I don't see any reasons to celebrate or to feel sorry.

Can altcoin investors still wait eight more months and wait for the bitcoin halvening? That's almost two years of bearish altcoin market. For majority that is too long and could have been thinking of shifting to bitcoin or have move already.

I'm sorry I don't see any bullishness along the lines, it just had a bounce from a correction we have seen. It went as low as ~$9800 and then quickly recovery above $10k already.

Let's see on the 26th though, if bakkt could bring the price to the next level.

The main realease of autumn is coming. Everyone is bullish right now

And now it is back to normal, and it might stay at normal, or it might continue going up. This is what happens with cryptocurrencies — prices go up and down. The media tends to jump to conclusions just as quickly as the crypto bulls, it seems.

While there is no sense to celebrate, the situation is still extremely unstable

I was really surprised, the first thing that I do after waking up in the morning is to open my pc and check the price but last week plunged kills the momentum, this is not the first time it happens, and I'm pretty sure it will happen again, might as well expect this until the end of the year.
If the situation continues, the rising and falling of price then we should stop expecting another all-time high this year, and just save all our hopes next year.

With rise in bitcoin yesterday brought positive market sentiment, where all coins experienced a rather strong pump. Now I am just waiting for closing point MA130, if BTC close above MA130 then that is a good sign that BTC will bounce back and vice versa. And I'm also waiting for confirmation of weekly support for MA20 on Monday.
MA20 = https://i.imgur.com/XmUO6rS.jpg

https://i.imgur.com/e0dnhdS.jpg

The fluctuation affects the investors' decisions whether to hold or go with the flow and make some small profits with the ups and downs coming from the market. Each time the market experienced good run, the next thing to follow is having some correction and move the value back. If you have enough understanding of the current flow, you will soon be catching the right timing to position yourself and take every opportunities to earn.

Majority of the community here in the forum I guess are awaiting so much about crypto bulls, and yet its not happening so far.
Perhaps, crypto or bitcoin bulls will surely happen when 2020 comes up. Because if you going to check the market only few of the altcoins
are kicking their price where mostly pump and dump are often happened.

At least ETH giving us hope again, with its price $200+ today.
Who knows it other Altcoins will increase their prices in these coming days?
If someone of you holding bleeding coins you just need to have patience
as you can see with the ETH for a short time it came back to $200+.

It seems that this is just a regular fluctuation since price goes up and down and not a major crash or surge.  Though I think Bitcoin had enter a sideway trend since it rallies from $3k to almost $15k.  We can't still remove the fact of Bitcoin being in a Bull run because the sentiment is quite positive atm.   There are lots of good news and ATH "prophecy" stuff.  As of Altcoin Season, I do not think it will happen very soon since Bitcoin is raking the dominance in the market.


Indeed it is a good view to see ETH in all green :).  As of the coming day, some of those who rose with ETH are now currently in red such as XRP, and I agree patience is the key to get profit in this crypto industry.

What it came into my mind is that, are we playing hypes again or this is natural? Well, I'm not questioning the capability of the market but I'm just worried if this will only cause losses to us.
It may have to believe also that we are preparing for the next bull run but it is actually too early to celebrate as well. Well, it hopes that the market will sustain its momentum until the end of this year and we finally be seeing the bull run back again in real.

It was really a very sad situation, when I saw it too, I thought that we are already in the win win situation again and  I was expecting a very big surge in those coins, but it was a great surprise for me to see it plunge low, and I think that many people that saw profit on the increase were the ones that made the market to plunge again as they were  a removing their coin and also, I am not sure we have much new investors because in the past, this should have actually been a factor if fomo, many people in the past would have because of this start investing out of fomo, but if the people that we have in the market are still the older investors, you know that many of them already understand the market,  so this is not enough to cause fomo buy.

That happens when a hype is coming.
They give a lot of reason or meaning to it which makes other people believe it could be the time for altcoins.

Part of me wants to give up from it but seeing new projects makes some changes I still hope there will be a good pump. Not just the pricing but also give them a value.

actually it is never hard to understand the "status" of altcoins, they are always getting pumped and dumped. the only thing that is hard is predicting when they get pumped. and most people confuse these pumps with bull runs which imposes a lot of problems for them, otherwise if you see them for what they really are then you won't get confused like the OP here!

I am sure that if the altcoin can increase, it will give us a profit, although it's not a big profit.
But still, that doesn't mean the bull comes too early because when the bull really come, all of the prices can jump into the very higher price like what happens in 2017.
But when bitcoin price does not jump to the higher price, then it is hard for the altcoin to start increase because altcoin depends on the bitcoin moves.
So when bitcoin price can increase higher and get sideways, maybe that is the time for an altcoin to start increase too.
It will happen soon, no need to worry.
We only could prepare and wait because that will be another chance for us to expect to make a big profit again.
And now, bitcoin price is back to $10k again, so we have a chance to see it will break $11k soon.

There is still a good deed coming out of this. We don't know what would happen to altcoins if there wasn't that increase, so we all know that there was an increase and that is good enough to me. Maybe it would have gone even lower if it wasn't for that increase? Who knows, the real test will happen when bitcoin price will go up again (it is under $10k again so I assume it would go above again) and than if altcoins go even lower that would create a challenge, however if they can hold the pressure and keep the prices around the same than I think this was a win all around.

Let's hope that bitcoin doesn't screw things up again by going up but I want it to go up as well, just don't affect altcoins while doing it, get fresh fiat for it to happen and we all will be fine.

Haven't tired of waiting? The market still seems to be not hopeless, I may think that 2019 isn't a perfect time for crypto nor to see a huge pump either. And I believe that all the pumps we have experienced sometimes are just hypes played by whales.

I feel this thing makes the market alive and I supposed to support their action rather than blaming them for the cause of losses of the others.

There are some altcoins that are actually not a pump and dump coin, although the ratio of coins that are very useless to the ones that are genuine are quite high that we could confuse the good ones for the bad ones,  unfortunately they are actually being affected also because many investors when they talk of bad altcoins, they generalize it and the action they take is to abstain from altcoins, and this is why even the good altcoins like Ethereum are suffering today because the bad ones are making investors to abstain from them.

This last increase we saw in virtually all altcoins may be a fake one, but this is the excitement and this is how it is going to feel when the altcoin season starts which I believe that it will start within the next few months, I can really see the signs already which is also why bitcoin is having problem growing.

Well in a way OP is right and looking at the market now?it seems that we are long way to go for that so called “BullRun” maybe we celebrate too early that we didn’t anticipate something to follow like this dump when from stable $10,000 now bellowing $8,300 and still dumping

That’s what Volatility means unless you don’t know that

That's the only thing that matters right now, you have to stay optimistic about things that can happen after, keep buying if you have the money that you can invest around while the value are now cheaper again. The timing needs to be taken there's a big chance that the bounce will be there and bring good benefits.

Crypto industry have it's cycle make sure to have a good assessment, positioning your order entry might be tough but rewardable once you got the use of it.

that was before op but i advice you to look on the current market situation and state your reply here on your thread  . let see if you will not complain more evenly after knowing that the majority of crypto coins were dumped alot   .
where was that crypto bulls you are saying when all that i see was red red and more reds  .  celebrate ? yes if you are a buyer you can celebrate since you can still grab alot of coins up until now especially btc but for other nah   .

we can't say too much about bull until the mid-years of 2020 and before bitcoin halving 2021. a lot of whales are playing the scenario of this game. just dump and pump until all of them can get the cheapest price. trust me, history will coming again. halving effect is never lie.

Sad to say but it's the reality inside this market, as long as whales are dominating the market trends will still follow the direction that they've wanted to
point. You need to work with how you understand the market and keep trying to make it more beneficial. Stop following the news and use it as your basis it's much better to go with your own assessment and make things possible to catch the market rise.

yeah, I know it, bro. Following news nowadays is really make us confused and doubts. and I don't want to make much speculation on this condition.
just buy it (when it deep) as much we can then Hold it until 2021.

as long as the dominance of bitcoin is still high, there is hope for the bull to come back, it is natural that prices have corrected to this point, because 2 months ago Bitcoin tried to break the $ 13000 resistance but failed, you have to be patient, maybe if you sell it now it's okay