Bitcoin Forum

Hello,

I've been shocked by the drop of ETH price today. So,I checked CMC and found that all coins dropped. I don't know what happened or why.

So, what happened today? Is this related to some news? where can I follow this kind of stuff?

Thnx

I think everyone was shocked too with what happens to the market ever since the start of bakkt there's a dump happening already. Some people expect a growth of the price yet it is unexpected to see what just happened. Bitcoin price dump too since there's a drop of a recent hashrate. You can find more here or in the internet if you search them. And since most of the coins are following the trend of Bitcoin it's expected to see a drop of the price in most altcoins.

I hope it rises again soon. I searched a little here and found a lot of talks about this RAKKT. But, still don't know what exactly is this RAKKT.

Yeah, basically it's not just ethereum but the market itself.

I've seen a news about the drop maybe this one? --> https://www.coindesk.com/bitcoins-price-slides-1000-in-30-minutes-after-margin-calls-at-bitmex

And this news tells because it's about Bakkt's --> https://www.forbes.com/sites/billybambrough/2019/09/24/bitcoin-ethereum-ripples-xrp-and-litecoin-in-shock-meltdown

there is always the worst possibility, I have anticipated it for the last 2 days when the market goes down very deep,
the news is only a sweetener, this is only a momentary game, it will not be up soon, because in TF W bitcoin still has strong support as long as it does not penetrate EMA21. I always use EMA rather than MA.

This is the reason to state cryptocurrency investment is high risk involved compared to other forms of investments. The price drop is massive. From the value of $1300 it has fallen to $8600. One who bought at $10000+ has to hold until there is continued growth to yield profit. Further we don't know how long this drop is going to happen or when the market gonna change bullish.

They say it's a correlation between the rash rate and the price of Bitcoin today. There's a sudden drop in hashrates resulting into people panicking to sell their Bitcoins. Some say that this is phenomenon where miners turn off their rigs because there's no blocks mine in the span of 2 hours. It will be back to normal soon though and I think those who panic sell will regret selling Bitcoin at a low price.

In first October days stabilization is expected, at least so say some crypto gurus  :-\

Before the launch of Bakkt, I already read some predictions that actually, at least on the short-term, this is not going to help the price of Bitcoin and that it will pulled it down which is exactly what is happening right now. They said the same happened with the physical gold years ago. I am not sure though if there can be a correlation here. It is just sad that  big chunk of the gains hard fought for the last 3 months are now down the river...let's just hope that this can be another temporary thing for Bitcoin.

most of crypto-followers are believing it is a good time to buy. I hope the market goes up again or big losses might occur. The market is not that predictable.

But, it looks like the BAKKT or hash rate dropping may have effect on the price of BTC which affected all other coins.

Most probably. The accumulation of BTC in line with the prospective launching of Bakkt was done months ago. Perhaps during the time when the price of BTC was still around $3,000. Hence the hard dumping of their BTC right now. They must have made good profit already. The sudden drop in hash rate was rather unforeseen. That could have also surprised some BTC holders and suddenly decided to make a dump as well.

However, all these are pure speculations. Even the news about the sudden 4-digit fall of BTC in a matter of a few hours was also founded on rough speculations. 

These price movements are just normal thing in crypto space. Since it has no apparent reason for the recent price drop, Im thinking this is just a correction, where a massive sell off takes place and traders was selling as the price momentum went downward direction.
On the other hand, I didnt see any negative news regarding Bakkt, majority of it was positive. Lets just see if Bakkt really can make any difference in the long run. If the price continue to go in a downward direction, then isnt it a good time to accumulate again right?

I believe it will increase ;D

Hashrate lowers probably as it becomes unprofitable in certain territories, so those miners simply stop mining. Since the diff is adjusted every 2016 blocks, it may take a while to adjust when sudden changes in hashrate occurs.

Of course panic selling leads to losses, people doing that simply do not have the discipline required to enter the game in the first place.

If anything, cheaper price is a chance for many to buy, hurry while it lasts...

This posts just kinds of FOMO. For a newbie, don't be fooled with this post. Okay, I know more cheaper, more profits when the price is up. But, you still need to make a good decision to buy. Today Bitcoin already fall 15%, it doesn't mean it will never go deeper. After hitting 8.600, it can be drops 8.000 or even until 7.000. Who knows? No one knows about the future of this market conditions.

So for all newbie traders, better you check by yourself, learn to analyze on the trading market than you are fooled by "Hurry" words.

The coins are all on sale. Grab this opportunity now. This might be the last coin sale for this year. I think something huge is coming and it is a very positive news. Let's just wait a little bit and in the meantime, add more coins in your portfolios. Just be positive and trust crypto.

I got an alert that the price dropped by $1k in a day but now as I can see that atleast ETH recovered by $10 while BTC has fallen even further. Because of Bakkt which I was was unaware of till yesterday, the price dropped by 12% straight. It should have instead brought more investors to cryptos but it did the opposite. Hashrate dropped by 30% and it may just be a coincidence now. Altcoin prices have increased as BTC value fell.

Well i think this time is really the best time to buy. I believe that the dropping of the price of some coins today is a great chance for people who choose to invest in crypto.

Nobody knows for now, or at least - I haven't heard anything that would explain the price crash as of yet. But, it is definitely an opportunity to invest in BTC, ETH, and many others. Historically, the crypto market would often crash before a bull run. It also happened in 2017. It is likely that a huge rally might be following in the next few days or weeks.

To be fair everyone went on a downward spiral unfortunately, and even top coins is -10%. The explanation is that is has something to do with the hash flash crash, but others have pointed out that there could be manipulation or simply FUD. We have a dedicated board that you can follow here, Press (https://bitcointalk.org/index.php?board=77.0). At least in this board you can read comments of most "experts" in this community and the explanation.

I think that is because of bitcoin price was drop deeper than the last price, and now we saw the bitcoin price reached $8k.
That makes the altcoin especially ethereum gets down too, but that will be temporary because after bitcoin can move to the higher price.
The altcoin will follow too, and that will happen too with ethereum.
It is a good opportunity to buy any coins in the market because all of the altcoins have down again so we can buy a huge amount if we have money.
But if you are afraid to buy more, then you could only watch the market moves up and down without buying one of them.
No need to worry if you see the market is like this because that will be back normal soon.
Lets we wait and see what will happen in the next week and meanwhile, people already rebuy many coins while the price is low.

Look at todays rate.....
jesus
all coins, tokens, all dropped

Bitcoin is going to zero if you like it or not.
For the moment I am looking for a buy opportunity as everyone is scared and want to cash out.

The biggest question that you should ask yourself is why bitcoin is going up and why is going down ?
One thing only which is squeeze.

Long and short squeeze.
Back in 2017 the only reason bitcoin was going up is because of short squeezing if that is a term.
Amateur Traders kept shorting looking for the top " with the help of the crypto delusional of course thinking that bitcoin is their lotto ticket" they are forced to close their position "AKA long bitcoin or buy Bitcoin" which leads to increase in price.

The opposite happened few months ago:
Plenty of traders were shorting the 6k area, gets a pump to 7k they are forced to close "Buy bitcoin"

The most likely scenario that is going to happen now is to spread fear and uncertainty so everyone goes short.
That is your moment to buy to ride with another short squeeze.

Expect that a lot of that kind of movement will happen.
That is crypto currency for you.
You will never know when the dump will be. So always be ready for anything.
As of the news, you can read this. https://www.ccn.com/bitcoin-price-flails-in-no-mans-land-after-bakkt-launch-underwhelms/

But for me, it looks like some investors are buying the FUD that is being scattered. That is all I have.

All I can find was talk about BAKKT but its very unusual for the market at these stages just fall in such %. No major news was released that would influenced the price so you should keep an eye on your coins. I predict that the price will jump back up by the end of the day or tomorrow.

Well,I guess that the 2018 price pattern might repeat.The bitcoin price might crash back to 4K USD and stay at that level during the entire winter.I think that many bitcoin hodlers and traders were waiting for Bakkt to cause a bull run,but that didn't happen so they are just selling.Don't worry,the price will recover next year.

The last rally went from $19k to $3k.

This time it the high was $13k so expect about $2k

Next high will only be $8k max so if you're buying today you need your head looked at.

There is no reason for the fall. I do not see anything in the news,  Altcoins and Bitcoin were dropped. I don’t even know whether to wait for the recovery of the price or we came to the bear market

Jesus
Guys
Have you seen ETH and BTC rates
-12% for BTC
same to ETH

What happened?  ??? ???

The price will bounce back as normal. We shouldn't get bothered about the steady fluctuation of price of bitcoin cos it's only meant for weak hands to sell off their bitcoin easily. We should all be relax and wait for the bullrun

The drop of bitcoin was not surprising. A lot of people were waiting for it to drop, but nobody really knew when it would have happen. If there is not enough buyers to maintain its price, it drops.
I suppose some people need money and had to liquidate their bitcoin and altcoins. That's why you should only invest money you don't need into cryptos.

undisturbed people are those who feel the value of the assets owned has not decreased. but for those who have not had time to sell, of course, seeing the value of their assets which drops more than 10% will certainly be disturbed and panicked too. although we all know that prices will also go back up and we just need to wait, but that feeling of annoyance can never be eliminated.

since a few months ago, this is the low price that bitcoin is currently achieving. so far, the price has gone down 12% within a few days. that's really a very big decline. even so, from the information that I read, this decline is related to Bakkt. however, currently the price of bitcoin has touched the level of $ 8000, and even the worst predictions that the price of bitcoin can touch the level of $ 7000 in the near future.

the decline is still happening and I do not really understand the big decline is happening for what reason? the effect is too large, there is a possibility that the decline will occur again and deeper than now. but that is the worst possibility, and we all hope that this year will be better than the current situation.

I expected a significant drop in prices. Just comparing with the past market cycle (now as 2015). Only after this dump in the fall or winter will begin the slow growth of BTC. At the same time, altcoins will continue to die. Well, maybe the market is a little cleared of shit.

Just because you have the information two years ago it doesn't mean it is enough to prove of what you said. Remember, the market is always unexpected when it comes to the price and just yesterday the unexpected happens already. Everyone was expecting the price to grow up yet the opposite just happen and now Bitcoin is dumping to $8k.

I think it will drop until it reaches 5k and then it will have another bull run in december,offcourse it all speculation.

I wonder why anyone thinks that something needs to happen in order to price dump. Why can't it just be markets doing market things? I rarely hear people wondering what happened when the price moves up.

I've seen so many assumptions why the coin prices dropped suddenly. Some said its linked to BAKKT, some also said a whale sent huge BTC to an exchange and dumped etc but all these might not necessarily be the reason for the gross dip. We already know crypto is highly volatile and anything can happen the next moment with market prices.

I have not seen any signs of a price increase for the past few days and all coins are on a downtrend in this market. We are at a very bad stage and many investors with poor psychology may be willing to panic sell anytime they want because they are under great pressure from this market. I think it will be difficult for the market to recover well in the next few months because there is not any news that can make the market go up.

I think they relate the price dump because of many things so they can say that today's price drop is because of that thing.
But the price doesn't need any news to get down or get up because the price will always go up and go down without notice.
We already see the price increase, and now we need to know the price is decreasing, and in the other day, the price will be back to increase.
I wonder if the price can increase so high, there will be people who will ask why the price increase or not ;D
I think that is why the usability of the analysis so we don't have to panic if the price is down because we have some guidance that will lead us to do something related to the situations.
We need always to check the market at least once in a week so we can know what exactly we need to do.

If you see the condition of cryptocurrency prices at the place of exchange falling like today then this is the best choice to buy as many coins as you can, take advantage of the low price of coins to buy and after that you can make a sell order and wait for your sell order to sell and can benefit.

Only a few will do that cause they already accumulated their money during the last drops, they are waiting for the market to turn back high and then sell.
This will make the market doesn't easily recover cause every time we saw downfalls, we also get worried. We feel bad and turn out into selling our holding rather than of keeping for awhile. It is quite ridiculous but that is the reality. Have we suffered losses just because of our own doing?

search for some sort of news around the internet about that scenario . So that you have a guide and you can get some information as well that can help you to build new strategy despite of the situation. I suggest make a technical analysis also.  So that once you see it's really in a bad situation you can get the rigt timing to dump mate. But as of now just relax and don't worry.  Read some articles/news  firts before making a decision to avoid regrets afterwards.

I predicted this situation 15 days ago. While a large number of bitcoins are constantly being transferred to exchanges, the value of Bitcoin has not dropped sharply.
This is a huge manipulation of the whales because they put a lot of bitcoins to dumps in one night. Therefore, this is a bloody experience for each and no reason, we call this strong manipulation!

Rekt because of BAKKT. Same thuing with the others but thinking that this can be the sale month again. Maybe, as we will never know what will happen after this but as always. I see predictions about that anonymous who predicted the exact same charts that happened. (i just dont know how to add picture though). This was already predicted by the others once bakkt has been released

Declining coin prices are many factors. For me, falling prices this year or 2019 is something that no longer surprises me. However, I still monitor developments in CMC, especially the top 10 coins.

It seems you have seen the market down too often Buddy.
to be honest, I panicked to see the decline that is happening right now because I have a large enough asset value. but I'm sure things will improve, and I decided to wait for the market to return in the coming season.

Crypto is definately not for the weak hearted.  You have to accept the crazy dips with the crazy price increases, cant have your cake on the upside with no downside.  Hold strong and all should be well, dont look at prices on a daily basis and you should be fine

That is the risk that you take when you invest in this market, it is true that the losses can be massive if you invest at the wrong time but if you invest at the right time your profits can be spectacular and there is no other type of investment in the world that can give you the consistent huge profits that you can get in this market, besides you should not see the current drop in the price as something bad, it is an opportunity to buy bitcoin once again for a price below five figures.

Honestly, every time is the right time to invest in crypto but selecting the right coin and the management level of the investor/holder are what determine profit.

What's most people usually focus on the consequence of the dump in the price of the crypto market but they ignore the benefit and opportunity which the downtrend market usually bring.

The recent price drop is very shocking, all the crypto supporters, experts are shocked too! Because within 2 days, Bitcoin price came from 10K to under 8K USD and it looks price can be go lower than 7K USD! I am fearing another bear run! After the Bakkt release, all these things are happening! I think this drop only because of sh**t bakkt listings! I hope everything will be alright again and we don't need regulations at all.

After the cryptocurrency market experienced a sharp decline in cryptocurrency prices, Byte Tree experts published their suggestion about a possible reason for this behavior of bitcoin prices.  As it became known, a transaction was discovered with a large amount of bitcoin worth more than $ 1.2 billion, which an unknown character transferred from his wallet to a trading exchange, while the author does not mention the name of this exchange.  Nevertheless, this situation could cause a panic among cryptocurrency users, which led to a drop in bitcoin prices to $ 8,400 on Tuesday.  It could well be assumed that this trend would continue, but according to analysts, the price did not drop below as the minimum of weak bitcoin volatility was reached.  I hope that in the near future the situation will begin to change.

Everyone was shocked as we are expecting a price hike since BAKKT has passed but to all our surprises downwards happen and it’s a sudden moment

For what we all need to do is forget the profit now.and start buying agin for future gains

I’m not in plan to sell either of my holdings as I know this will passed through and by next year positivities will follow and I can claim my profit from being strong in this wave of dumping

The Bakkt "regulated" Bitcoin futures exchange launch was a disappointment. Many people were expecting wall street institutions to trade in the Bakkt exchange. But the dismal 72 BTC daily  trading volume on the first day said otherwise. No one was using the exchange.

We are escaping from the triangle. Downwards. Just like we did a year ago. Weak hands are off the market and after hittin the 5000 price in january we goona see a fast recovery up to 20000 and higher before the may halving.. that's my opinion!

This was simply market manipulation showcasing itself at its fullest. Some might classified what just happened as market correction but that isn't the real story. The cryptocurrency market is a play ground for whales with millions and billions of dollars which can manipulate the market at any given time as they please. There wasn't any negative news to cause the sudden decline of price neither was their that much of a previous massive growth of price value for all cryptocurrency to be affected.

Nevertheless, i would advise you don't panic and fud to their little games instead use this opportunity to accumulate more coins.

No ones will complain if the market prices high cause they were profiting unlike if it will fall down. That is the common instinct of the people, they keep complaining because of their wrongdoings, in fact, that's their decision to be in crypto and losing is a part of it but they never understand it instead, they blame others because of their losses.

If we understand volatility, I don't think that we need to find out what is/are the cause of these drops as it consistently will happens. 

what made you believe if a new project called mintme will be a good choice mate
because a lot of better altcoin in the market rather a new project called mintme as you mentioned in your post above
and for the the OP, always remember patience is the key

You should add BTC into your forecast, and that it's USD you are pricing in things. Otherwise numbers like 5000 or 20000 would not make any sense, since we are located inside the forum part for each and every coin, vulgo "Altcoins".

I can sense trouble in a currency that wildly swings. Nobody likes to use that for anything. Adoption suffers much.

Price drops of the crypto currency specially bitcoin is very surprising because of affect of the BAKKT, but one thing will we always remmember all of this dump trends are not permanently that is normal for crypto volatile movement much better to stay relax and don't panic to avoid loses is better to monitor the price to grab the opportunity to buy during the price is in dump.

YEah right and that’s why a lot of investors are disappointed on what happen because this is far behind expectation(though we must not really expect much )

Though maybe there’s another way to fix the issue since it was just here few days ago so let’s give the benefit for a week before we finally understand what’s need to be done or not

Well what ever happen this year will have significant success next year not unless the Halving of Bitcoin brings us another Positivity then I would consider it neutral

Today is really a bad day for this market because Bitcoin is still in a downtrend and those who control this market can freely adjust the Bitcoin price if they want. This market is very small and we can do nothing but wait. My prediction is that BTC could return to $6000 again so don't expect too much of the market this year and it will make your investment worse.

I heard there was negative news about Bitcoin or crypto and made the price fall great on overnight, maybe there were some other bad news and I didn't know either. This makes all crypto holders surprised and don't need to panic because this is a great opportunity to buy cheap coins in the market. if you is a trader then you should take advantage of this good opportunity.

Panic sells tend to happen whenever the market corrects itself. Once the price starts dipping, people freak out and sell out. It's not really anything too concerning. Not for me anyways. I'll just be picking up more at this cheap price and be happy with my ~30% gains when it gets back up around $10k.

Except a good altcoin and the price will still remain the same and the fact that some coins are still not moving a lot even bitcoin has already moved to the bottom value.
It's not a FUD but investors are feeling disappointed caused by the result of BAKKT.

This has already confirmed by so many sources about that dude.

Even though I say that, I also hope that hope will come soon amidst the conditions of many people who are panicking. You must keep the spirit in finding out the factor of price decline, so that next season you can manage it.

As long we not wrong to pick the coin maybe it can be profitable. Because cheap price not means it all have opportunity to get pumped and maybe only a few of it which still survived. Maybe top 100 coinmarketcap will be good. Because 100 is already too much and of course we wouldn't buy all of it.

I trend to buy more when the market starts to decline because this is the best opportunity to make the investment more profitable during this period. It is really a very difficult time for everyone but if you still believe in this market, anything can happen. If you want to buy cheap BTC, then buy at $8000 because this is the cheapest price you have ever known this year

There's no sign from how the market will proceed, there's still a lots of possibilities that the trend will change up and switch between down side to rise high. All we can do right now is to speculate and assess our position and take what we think it will bring our investment to a much better outcome. The fall can turned to investment opportunities, best to take your side where you have good understanding.

Not Bakkt. Just normal trends. Everyone who was doing technical charting saw this coming,,, and most people who did not believe TA anyway understood that for sure a retracement was coming after the x3 move from the 2019 low.

Normal, nothing to panic about. Buy the dip everyone if you hodl!

Generally, price of cryptocurrency decreases due to various factors like bad news surrounding cryptocurrency and FUD. But there is not any bad news regarding cryptocurrency at this time. I think sometimes price of coins drops without any reason. So price of coins is decreasing without any valid reason at this time.

Most likely, the usual price manipulation of whales occurs. Before the beginning of the fourth quarter, there is a great expectation of an increase in the price of bitcoin and other cryptocurrencies. In addition, bitcoin has greatly increased its level of dominance, which indicates a transfusion of funds into bitcoins. Someone wanted to cause a little panic and get rid of the unbalanced cryptocurrency holders, and at the same time buy at a cheap price before the next period of the bull market. We still hope that this will happen by the end of the year.

As of now most of the top altcoin are now down even bitcoin are now drop to 8000$ which is very terrifying that might result to another bear market. Some of people predict that bitcoin will drop to 3000$ and Ethereum is also down and try to look again there are bloody chart in the market right now.

what's the basis if someone says that bitcoin will go down further? even to the level of $ 3000?
I think it's just gibberish, the reality is that even though it has fallen sharply now the market is showing signs of upward movement,
so I think falling prices are just an ordinary correction

It was an unexpected fall, although the crypto is always unpredictable. Experts swear that the reason for it could be a sudden sharp drop in BTC hash rate, which reached 98.12 EH / s on September 22, and on September 23, it was under 68 already. Cryptocurrency prices started falling at the same time. Most altcoins followed Bitcoin. Now, the hash rate is up again, but it does not mean we can wait for the fast crypto jump.

Everything would have a corresponding reason why this thing do happen.When theres a pump then people do find reasons why it do happen and same goes with the dump.

We aren't sure that hashrate drop is the reason or same with that Bakkt event but neither of these two is the reason but well lets move on these dumps can happen anytime here on crypto space which is a very unpredictable market.

Everybody is shocked due to the value drops of most top coins in the coinmarketcap , and i think the main reason of most altcoins drops value is due to bitcoin just like what happen back in 2017 where bitcoins value suddenly goes skyrocketing and altcoins follows to grow in value significantly. And when bitcoins value goes down in 2nd quarter of 2018 , altcoins starts to goes down also that until now altcoins is not bouncing back .

Of course altcoins depend on the top coins, namely bitcoin, ethereum and others, when bitcoin prices drop then we can be sure that altcoins also drop, I hope prices recover soon and investors will not hesitate to place their money.

The price of ETH has dropped quite recently recently because their network is congested and there are too many transactions leading to high fees.  This has discouraged some speculators and no longer wants to hold more ETH as the network becomes worse and has no solution.  I know that the Ethereum team is researching and developing ethereum 2.0 with the new PoS algorithm.  but they were unsure of the launch date so speculators' confidence dropped and prices plummeted.

This dependence indeed makes when negative sentiment exists on bitcoin then altcoin itself will also get its effect because it will also get the effect of falling prices if price movements on bitcoin decline, this has been a long time going on about the pattern

Today the price has been stable till now. I woke up and saw 8200 USD, It has been more or less the same as yesterday. I hope the bitcoin recovers slowly and steadily from here. The Christmas is near and i hope we can have some surprise.

You have already mentioned that all the currency and not just ethereum who’s having difficulties in growth now so it means the answer is indeed that it’s either the BAKKT or the manipulators are abusing the market because this is a sudden fall from the strong resistance of $10,000 .but this will not go down more if panicking weak don’t add to the issue

This week happened in ethereum and even bitcoin was not good until today but we don't know if the factors of dropping prices maybe the news are included but we cannot know the real factors behind that. But maybe this coming weeks the value of the bitcoin and the coins will rise and once you see again in the CMC the price of the coins you can a good price again.

What is Bakkt?
I have just found an article on google and will explain to you what it is: "Bakkt is a digital asset platform created by ICE, the operator of 23 major international exchanges, including the New York Stock Exchange (NYSE), by far the largest exchange in the world, trading nearly 1.5 billion shares a day. "
It is exchange and helps traders have a more friendly and professional environment. but unfortunately Bakkt debuted as soon as the bear market came out and its performnance was awful on the 23rd and 24th. That is also the reason why the whole market is dumped because Bakkt is not influential.

People had a lot of expectations with this going back to the beginning of the year. It doesn't necessarily mean that Bakkt has no influence. It does. People just doesn't seem to put much effort into knowing what it really is and how it will affect future trading. And bitcoin's price movement is hardly influenced by such. I think we've proven that already several times before.

Bakkt needs time to unwind his brand and increase the volume of trading. I think that through go it will be a very liquid platform.

While I agree with that statement most of the time I must recognize that it is not always true, those that bought bitcoin at the end of 2017 when the bubble was at the top still have huge losses that they are not going to recover anytime soon, and while I have no doubts that if they are able to hold their coins for long enough not only they will recover their money but they will get profits, but it is really difficult to ask for an investor to hold their coins for that long.

Nothing new. Its common drop at some coins. Many coins are still green. ETH made good startup after sudden crush a few days ago. Just resting as I see. When compare the other coins, still it is one of the strongest one.
ETH 2.0 will keep awake till end of the year I think. At January with staking process, we can speak about different prices about ETH.

i think no need any specific reason when the price drop or growing hardly
and as i knew a smart traders will not panic when the price drop hardly,
because they already set a stop loss level in their transactions my friend
remember crypto market is very volatile

That it makes this market so much unpredictable, with its volatility it tested the trust and faith of everyone. Those who know crypto already how it works will greatly understand this that is why traders and old investors aren't so much affected to this but, the only problem is with the newcomers. They are most likely worried and even committing worse decisions and selling their coins at cheap price.

after I saw the chart this is not an ordinary decline, maybe there are people or groups who make large sales so that the price drops dramatically this may be intentional to make the price go down with a specific purpose, usually normal coins are only in the range of 1-2%, and this one more than 10% and no news can prove this drastic decline.

It seems to me that a very significant moment is the cryptocurrency price decline, which was marked by the launch of the Bakkt futures trading.  It's no secret that the whole cryptocurrency market was waiting for this moment, because trading Bitcoin futures very quickly was supposed to affect the improvement of the situation on the cryptocurrency market.  But apparently, speculators decided to use this chance and earn more by lowering cryptocurrency prices first.

There have been many that have opposed the introduction of the futures to the market of cryptocurrencies since they thought it was an attempt to try to control the market and I think they were right, as soon as bakkt finally launched the price of bitcoin and many other cryptocurrencies went down significantly and it does not seem to me like a coincidence, if am right then this means we will see further decreases and it could be a good idea to be ready to get out of the market if it is necessary.

In my opinion this market has been manipulated and that will not be good for investment during this period. Now the market may collapse unexpectedly and you cannot predict it and will cause a lot of investors to panic if that happens. Personally, I am always careful in trading and every investment decision I always consider carefully because the crypto market has things you can only see and wait .

market not always rise, sometimes market will drop too, especially crypto market mate
because this market is very volatile, so, can drop and rise in short time
so, do not confuse, all you need to do is to learn how to grab a coin when the price down, then sell it when the price up

Seem like we are having another market correction on the rise.
The altcoins market is on the path to recovery yet we got another market correction.
Hopefully, the altcoins market will recover after the bitcoin price finishes the current halving in the year 2020.   

Most of the sudden price increases will have a lot of other adjustments in this market and I believe that the downtrend will last until the end of this year because altcoins depend heavily on the value of Bitcoin. In fact, everyone expects the uptrend in this market but maybe we will have to wait a little longer because the current market is still very volatile.

I believe top coins like ETH will soon rise again because this is the only altcoin that I believe in and will invest in if the uptrend returns. I'm not sure when that will happen but it is likely by mid 2020 the altcoin season will appear.

why need to be confused and surprised because it is a natural thing in the crypto market, a decline can occur at any time and price increases so too. of course all you have to do in the current market conditions is buy a lot of ETH and be patient waiting for the next price increase. buying at low prices and selling when prices go up is a basic technique in trading.

It has become a natural thing if the cryptocurrency price at the exchange place has decreased like that because it might be the influence of investors and traders who have panicked so they sell their assets at cheap prices, different when there is good news and the market is crowded, the price condition in the market will be go up because there will be many who interact buy and sell at the exchange place.

That's right the rising and falling of the price of cryptocurrencies are a natural thing in this field and take note some of the cryptocurrencies are too volatile which every second the price was changed. As of now if the look in the coinmarketcap some of the cryptocurrencies are now dropping again even bitcoin. This is the last of October and we are now entering in the month of November so do you think we might see more dropping price on this coming year?

Now you can say it was a yesterdays price drop, today price is rising, what will happen tomorrow? Just 3 choices, price can drop, be stable, or price can rise! One of these three things will happen, which on is up to us to try to predict it and make some profit. If you are a trader you will try to guess where will price grow, you can use charts, you can follow some tipsters, signal groups, anything that can help you with your prediction.
I think we are going back under 9k once more before we see price rising over 10k around the new years. Good times for buying now around 9k, and if it drops more we should buy more and wait over 10k to sell.

The value of bitcoin today are really plummeting so we expect a huge bump after this and i think thr market will start to rise after the end of this month. And some speculation that the value of bitcoin will jump to $15k. We don't know if that will happen but were hoping.

And taking advantage of thr market today will surely get us a lot of profit by buying in cheap.

everyone knows that up and down are normal in cryptocurrency. but the main problem is there are too many drop started from june
dropping price make people lost their money if they buy, that's why they are confuse and dont just say it's normal to blame the reality

yes, i agree if we have to be smart to catch them in low and sell in high. we have to learn, as always.

Today I see no problem with the price, cause every top coin in the market seems to hold their price today. Bitcoin is still at $9000+ and ETH, XRP, BCH still having the best price this last quarter. The problem is, If this price will fall again at the end of this year, there will be a lot of confusion for the new investors. I read on some forums that they expected the price will increase to $10,000+ by next month. I wonder if it is real or just some mere speculation. nevertheless, let's wait for the result next month.

Agree with that it's pretty normal but not all can understand the volatility since there are still newbie who gets panic when they see a downwards movement of the market and that make them a loser since they don't know how to counteract the situation. But actually we cannot blame them to react that since for sure all of us came to that situation.

I think a return to $10,000 is likely to happen in the next few months if people tend to support cryptocurrencies because the Chinese government discusses this market a lot and considering investing in Blockchain projects. In my opinion any prediction can happen because this is the crypto market and everyone should trust that prediction.

I personally have used more than half of my assets to buy Bitcoin at $7,500 and am feeling very happy with this investment so increasing the price of Bitcoin will help me a lot in making a profit.

before starting investment with cryptocurrency we as investors must understand with all the risks that will be incurred in the investment one of which is as you say if the development of the cryptocurrency can not be predicted with certainty and as investors confidence and patience is an indispensable capital good at utilizing every opportunity we will get

By now, we ought to have even built some level of confidence in some of those top coins that we should never even see some of their declines as problem because we should know that they have very real working products that will be able to make them go for quick recovery.

Each time we have seen coins like bitcoin decline, it is always a step for a great recovery, and the only thing sometimes is that the time of recovery is what is not known, and coins like Ethereum also is a coin that is very good, and we should not panic about the dump price for now because in future, the price will climb when it is time, I just believe that it is not just time for the market of altcoins to recover yet, when altcoin recovers, Ethereum will be the first to make a very high multiples.

And I think that is impossible to predict of, no one exactly knows when crypto market will make a move because if we do then the market will never the same as the way we think of. Yeah, we can make technical analysis but this is not enough to predict the move of the market. Yeah, hodl, buy and sell and more are well known in this industry yet there are still some people who failed.

At least in the last week, we saw very good changes in the cryptocurrency market, when cryptocurrency grew in price by almost an average of 15%.  In addition, for a long time there were no such indicators when Bitcoin improved by $ 2,500 in just a day.  But today no one can say what exactly is the reason for such changes in the market.  For a very long time I had to wait when not only Bitcoin and top cryptocurrencies will rise in price, but other cryptocurrencies too, but today everything has changed a bit.  I hope that the market will not fall below current indicators.

the market keeps moving, buddy, you can see the movement keeps going up and down do not be affected by a very sharp movement, do the analysis and determine the best step. if you don't dare to speculate then you will never rise from the market downturn. Can you think of what you have done for 2 years in this condition? if you just wait for what you get? or have you given up on this market? make predictions even though we don't know what will happen in the future. it is an effort we can do.

indeed many have predicted that BTC will rise to $ 15k supported by technical analysis and existing fundamentals. in 2020 Bitcoin Halving will occur on taggal May 14 2020, this will be good news for bitcoin and will likely increase. Bitcoin halving itself is where the reward block will be reduced by half.

I don't think further hype on Bitcoin. Because everyone know it is volatile cryptocurrency so pump and dump will happen at anytime. Obviously next year also bitcoin raise gradually but sudden fluctuation is decrease the people trust so we can survive all the time it will make good profit for every time.

When prices of potential altcoins like ETH decreases it's an opportunity to buy more at that prices because when the Bull Run will hit the market the prices will again soar high and you will get more profits but on the other side people get panic and contribute to panic selling creating dump situations in market and lose. So stay calm and just hodl your coins for long run.

instead of just holding your cryptocurrencies you may use those coins and circulate those coins in to trading websites to make the profit with that.
Then holding also a good opportunity for the people who loves to hold cryptocurrencies for long duration.
any kind of investment patients is the matter to make the money here also the same.

many people often to say this, they think dropped price is a good chance to get coin in low price

but, the coins which have been dropped, always drop again and again. because no one knows where the exact bottom is

so, i prefer to wait until there are some good news, some up prices, even when the price goes up. idc bcs i need signal buying

I only believe if this year is a year of recovery even though sometimes the price is corrected too deep but the price can be pumped again later, with the condition throughout the year to this day I feel I know this is a year of recovery. Indeed, we cannot release the domination of the bear market, but with the current prices that are still able to struggle in the same range, then I don't think it should be a concern because the ups and downs of prices are something that is natural.

very good news that is needed by investors who invest and maybe with better conditions will make investors more interested in investing so that the development of the crypto currency will be more rapid the confidence and patience of investors will get results and profits

Yeah media plays an important role for rising of bitcoins again, they have to create a great news for over the world so investors will look at the market of cryptocurrency.
And also the community must have a strong will to create a positive environment to the world, don't spread the hate if you experienced a loss on your trade because that can make people afraid to invest in bitcoins or other cryptocurrency

many factors that make crypto prices currently decrease in exchange, and this is a natural thing because it is indeed the demand and supply conditions that affect the movement of crypto prices in exchange, and usually the condition of this price reduction is one of the excellent opportunities for traders to buy investment assets at low prices, but in this case, we need a little patience in storing altcoin before the right time for us to sell it.

I would be shocked if Ripple would beat Ethereum and take its place. As for the price drop, it is the usual market movement. No one can say what can happen the next moment. ETH as other cryptocurrencies can wave several times a day. Anyhow, we are close to December, and traditionally, this month brings us raises.

This is a more realistic value to me, because when you look at it, you will see that the year is almost coming to an end, and we are yet to see much bull run, but with the bull run that bitcoin has been having like that of April, it could take the value of bitcoin to that $15k in the shortest possible time, unlike all those ones that will predict bitcoin reaching $20k by the end of this year which to me is absolutely ridiculous and baseless.

Next year will really have more activities and these activities is what will make the value of bitcoin to really surprise the world at large because the value will increase after the halving of next year, while I also see Ethereum project as another project that will really make the value of Ethereum to also rise too and recover like the way that bitcoin will recover fully next year.

The majority of the cryptos market value are continuously falling at this moment. Relating this with this year's expectation of market recovery, it would seem not to happen before this year end, as what is being expected by most of the investors. The market situation is really frustrating to see. But knowing how high the market value became way back 2017, there's really a possibility for recovery to come but since we don't know when will such miracle occur, being patient for now would be more advisable.

Market is much way recovering compared than last year, even it's still nothing compared to it's all time high but i think market is already giving us a good sign for next year. The media should create much positive news for cryptocurrency so it will hook many new inevstors to invest next year. I'm sure market is still going up until the end of this year, people are gonna buy some for preparing for next halving because the price must be rise after halving, either it will instantly pump or wait like less than 6 months just like the halving before.

How can you say if xrp has now defeated ethereuem in the current market capitalization?
I think you need to provide evidence and an explanation that can indeed support the argument you are saying right now.
because to the fact on the coinmarketcap site, ethereum still ranks second as the largest market capitalization at the moment and xrp only gets third place on the list of market capitalization at the coinmarketcap site.
https://i.ibb.co/DkGBtvH/Screenshot-2019-11-06-18-31-29-278-com-android-chrome.png (https://ibb.co/TRKQk7x)

in the next year, some updates are ready to make the pump market respond. now the market looks good and if an update in the next year by some large crypto gives a positive effect this will trigger a pump. be patient withholding assets now and enjoy the results next year.

We have some people that have no choice than to hold if they want to use it as a digital asset other than using it to make payment because when it comes to trading, it is not everybody that knows how to trade and if they are forced to distribute their coin into some of these sites, they may really not be able to make some profits other than losses.

The only thing that I would just implore those who are holding the coin to do is to try as much as possible to be patient because bitcoin investment really requires lots of patience and another thing they can just do also is to have some money they can use to buy bitcoin too when the price is down, and then sell when the price is a little bit up, at least that one does not require much strategies to do.

I assume what happened today is a natural thing, because I know all Crypto will not go up because sometimes crypto must fall.  but what I observed for the day was part of the correction before rising again next week.  especially now entering Friday that often happens Black Friday.  so don't be surprised to enter Friday, it often happens.

You would be shocked for that to happen but that has already happened several times and have you shocked to see that? people are putting the premined coin in ripple as a big problem. Ripple is actually equal to ethereum as a competitor. Again, you can't call this or next month as a bullish month. If we back in 2017 the increase that happened in the last year caused by USDT.

It's not miracle but reality that will happen along the way, bitcoin will do the rally first then after that the industry as a whole will follow. Only coins without a purpose to serve will die and will be forgotten, but to those solid projects that will continue surviving whatever the situations there's always a high chance for the value to pumped back and reach for another ATH. Patience as always will serve as key role to succeed from this industry.

I am not sure when the pump will work because the investment demand this year is still very small and any investor is worry about the investment. In my opinion, you should stop at prediction and focus on researching this market more because it is possible that a downtrend can occur at any time. I personally never invest in the bear market and are always more patient because 2020 can be very volatile and that is the year I will decide to invest or not.

You do not need to worry and panic too much, I make sure the bear market will end soon because we are at the end of the end of 2019, falling prices are a normal thing, if you use logic there is no price in this world always going up all price reduction in a while, so just enjoy waiting for next year to hold your ETH into a long-term investment

I can not recommend news sites for you to follow, because I believe their handwriting does not fully work properly and they write fake news because of money, I have never read any news to invest in bitcoin, there is no news site that is really honest  ;)

yeah we all know that the price isnt always on the uptrend or downtrend. bcz the trend take turns as always
but it doesnt mean that we have to enjoy and just hold our coins/ tokens. it means we have to take advatage by buying low and selling high.

if we dont read any news, how do we keep abreast of developments bitcoin or cryptocurrency?
the fact that the news affect much on bitcoin/ crypto price. it is a exact reason to follow any news on crypto.

this is what people must see,not because the prices dump meaning we need to be bothered because the truth is?opportunity comes right in front of us.

when market is pumping everyone says "I wish i Bought from the dip"but when  market is in bearish everyone is panicking and dont see the positive thing about the situation.

ETH is one of the most competent altcoin so never have a doubt about this to recover ,same as the 10 altcoins below this in ranking

it is not recommended if you look panicked you should not look at the trading site, I know the attitude of the traders when the bear market situation they cannot resist playing, I only prevent because I am also a trader



You may have read about Facebook banning advertisements related to crypto, but what he now makes is his own crypto, China used to ban bitcoin, but see now, many of which you see are conflicting now

I'm just a trader just focusing on charts and analysis so I know where bitcoin is going to go in the future, that's all and I don't care what they write in fact that bitcoin is not a small project but a big project and many big people in it

Why should be nervous and afraid of the decline in ethereum and other altcoins, in crypto is a common thing and there is no need to panic that would only make the situation unfavorable to yourself. in a panic situation we will be able to make mistakes. be patient there is a time to go down and it will certainly rise again when the situation has begun to improve.

Right? I don't understand why people keep getting so shocked in this space.

It's like all those gamblers who join HYIP or those FOMO3D games. They get so surprised when the game ends and they're all caught out with nothing, crying losing all their funds when they knew EXACTLY what they were getting into.

I'm also having a small bag of Ripple sure, but I know the risks of these shady coins.

from what i see the whole market is in dip ,so why only ripple us getting tackled?and besides when bullrun is here does all are happy?why not just wait for at least months or so to see when Bull comes if the prices will continue top fall.

what i am trying to say here is why instead of crying when the value fall,is use it as opportunity to buy again?otherwise in bull everyone will feeel bitter for not accumulating today

If you have no money invested in the market then it is easy to watch the market move and remain calm about it, but if you have invested all your money in the market as I believe many members of the forum have done then if you watch the market going down in a fast way then you it will be impossible to remain calm, even if you know that is what you should do, besides we must admit that sometimes the movements of this market can be quite surprising especially if you invest in altcoins.

Not sure when the bear market will end because now the market is very clearly manipulated so any investment can put you in danger. Eth is an excellent option for the long term but requires a specific strategy and must always be patient under all circumstances. I don't know when the price increase will occur but it will take us another 2 to 3 years to wait for the bear market to end.

I'm not a prediction expert but I always know how to analyze this market daily and give good advice to people. Of course the market will rebound one day and that will be the time you should spend more time making profits.

People are getting really impatient, the bear market started just a few months ago, the last bear marked lasted for almost 15 months, it is likely the halving will help lessen the effect of this bear market and if we add the fact that the recent bull market was not as big as the last one then that should also shorten the duration of the bear market even more, however there is the possibility the effect of the halving is not as big as we expect and the most part of the next year is similar to what we are seeing now.

Synthetix is a win... https://www.coingecko.com/en
who has been buying them up?

The cryptocurrency market is designed so that the price of a particular coin can not grow for a long time, it will still go down. this is what gives traders the opportunity to earn money.

Are you still trading on your own? You are behind the world's progress. ;D :D :D

You are referring to the trading bots? I will disappoint you, it is impossible to find a high-quality bot right now

Bots can indeed help you in trading, but not all BOTs can be 100% correct, there are algorithms there, you better trade manually,
and learn about indicator analysis  ;), good luck

what op said has passed, because what was asked was when in 2019. now ethereum is starting to get excited because the movement of bitcoin is indeed also good. so it never hurts if you want to invest again in altcoin because of the possibility to continue to rise can happen in the next few days. there is still a possibility that ethereum will be able to touch $ 400- $ 500 again.

I used to use this platform https://tradingbot.info they provide a lot of Information, but not everyone can understand it.

Well to be fair it's not JUST Ethereum that's excited, and it's not JUST getting excited only because of Bitcoin.

Bitcoin is having halvening happen but did you notice there's also a lot of organic excitement about ETH itself? Once 2.0 comes full on, new issuance is going to be MORE than halved. And since this is a first for ETH, we're talking about a huge dip in supply.

That speculation never stop, but ETH did not release that 2.0 yet, I know it was scheduled this year but let's see if they'll successfully launch it.
I am not seeing some kind of hype anymore on ETH, the cause of ETH's rise now is just due to bitcoin halving, nothing else.

halving of Bitcoin has an impact on Altcoin, including Ethereum, and that is very good, TOP 10 Coinmarketcap has also increased due to halving, if the launch of Ethereum 2.0 is done then I'm sure the price can definitely be $ 500, dont give up, keep hold

when an update is made right in a favorable situation and moment, of course, it will make a high increase. but sometimes we can see an update that is done not in a favorable moment and do it according to the roadmap. the result is of course when there is no market support it will be difficult to get an increase.