Bitcoin Forum

is the uniswap airdrop the reason for the bloody market as we can all see?? millions of dollars wer airdrops to over 80k ethereum addresses and more are still being given out for free..

will the market pickup anytime soon?? is it safe to buy ethereum at this price.. ?? or I wait ??

I think was something to do with fear on the stock market, yesterday a few Tech stocks went down, and Gold and Silver are also down.
UNI has nothing to do with the drop in Crypto prices.

It could be part of that as thousands of people probably received airdropped and sold at market price causing the dump on different markets. We couldn't really verify if it is because of that but all of the markets again are getting red and it could be worse. One thing we could do is buy more if you have the money for it, it's basically in a discounted rate for that. I hope the market rises soon.

I think people sell their bitcoin and altcoin to join in the defi party because I think they will make a lot of money from the defi. But that can't be why the crypto market is going down because there will be other reasons that we don't know.

If you want to buy ethereum, I think you can buy it right now because the ethereum price has dropped a lot. We can't say it is safe to buy ethereum at a price or not because we don't know if the price will go down for more or bounce to the high price. Just make sure you analyze before you buy, so you know what price you should buy ethereum.

But buy only with your money that you can afford to lose because in this market, we have no assurance if we can get profits or even get back our initial funds. Though it is good time to buy for example btc or eth, because the chance of increasing their value in the next coming months is high. However, for other tokens especially DeFi, we can't really be sure of their future, if there's really future in most of them.

You know, I always say that. "What you can afford to lose" but what happens is I still input money hoping to get a profit. It hurts to lose money, but that's a risk you should take, or else you won't gain anything. We are getting eaten by these whales because it's easy for them. That's the sad part because they can; all we small fries get drowned and just lose all the invested money. For DeFi, it's just another term for these fundings so that the strongest DeFi will survive, the legit ones.

I'm all for the increase in the value in the next coming months but why do you think it would rise?

It's not but the main causes of this correction should be bitcoin and just take a look at how people were feeling panic to convert their altcoin to the USDT or bitcoin. The sudden drop happened when bitcoin has been getting a small correction because people were feeling worried if bitcoin can go even lower and break $10k support.

Just take a look at the news sites too and you will get more reason about what fundamental that has made bitcoin gets a correction.

The UNI airdrop didn't make a lot of big changes.

The reason is traditional market, there are a lot of traditionals felt down because of the second wave of coronavirus.

The global market dumped a bit and it affected bitcoin also , I was checking that gold felt around -3% , silver -8% , It must has some political or economical reason , But I'm pretty sure it is not because of UNI airdrop .

You should see whether bitcoin has a chance to go below 10k or not because the volatility of ethereum totally depends on bitcoin at this moment. Ethereum can go even lower if bitcoin will be going down to break the support floor.

Just take a look at the condition of market and it looks like everything is starting to bumping again as the recovery signal has already appeared. Uniswap is not the reason why the market is going down but it looks like a natural correction is happening with market after a big surge in the price of crypto.

You should wait or try to buy a small amount of ether.

I agree that the bloody market happened because of the news about the second wave of COVID-19... However, I hope that the March situation will not happen again!

Most probably not. And about those "millions", keep in mind that some won and many got burned already.



There are a couple of rules in investing. I didn't invent them. You can follow them or not, your problem.
1. Invest only money you can afford to lose.
2. Keep in mind that crypto is high-volatility and high risk market.
3. Many say that 50% of your portfolio should be Bitcoin.
4. There's no best time to invest. But buying smaller amounts over longer period of time use to be a good strategy.

About buying ETH (or whatever) "rule" #4 gives you the answer. However, also keep #1-#3 in mind.

No, you have to look outside of the box, the global market stumble as well, and with the so called correlation with crypto market, it has impacted us as well. And there's this news that UK will have to implement a second phase of the lockdown. So there's a lot of negative news lately that has affected the crypto market. Nasdaq, Dow Jones and S&P are all down right now.

The thing we are talking about is the price not the amount of transactions. Base on your statement, UNI has been doing a lot of transactions lately, it's plausible that a lot of people are exchanging their tokens to sell in different markets which in turn had an effect in the overall market of cryptocurrencies, especially Bitcoin. There's no doubt that UNI's airdrop have value and people, especially airdrop participants, are not going to miss this opportunity to profit big.

Everyone who got free UNI has sold at least 50% of it unless they got more than 400. That will create a down movement probably. Also BTC options close to 1 Billion is going to expire this coming Friday. So market is just reacting to it.

This is not thee first not the last time and there are a lot of factors why is this happening UNI, the high fee whales dumping their coin newbies following the market drop and selling their share, we must not focus on one scenario, sometimes different scenarios or factors contributed to dump, ut the market will eventually get up.

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I don't think this is the reason , uni tokens is not related to other crypto currency and it will not also trigger the market to create dump . Also they give free money so i don't think this can have bad affect in the market since many traders is also looking for opportunity having this coins . Having a demand of that currency means new cycle of money  and it will not create negative impact in the market

UNISWAP cannot be the cause of the market crash. Other markets such as foreign exchange, stocks, gold are all devalued this time, and Bitcoin is no exception. UNISWAP is just a small part of the market and UNI is listed on many exchanges and it is highly liquid with many currency pairs, not just Bitcoin.

Market started crash before Uniswap. Uniswap is not the main reason of this crash. Market was in Bearish Market before this.But after Uniswap it is dumping more day by day. I think this is not correction But manipulation.

uniswap airdrop are limited and its not the reason on the red market that we see . did i just said market ? yes because all cryptos are in it    . you can say that those have recieve airdrop coins on uniswap are now selling but uniswap coin is the only coin that shall fall not bitcoins or other altcoins  . uniswap coin did just fell off almost half of its ath  but i dont feel sad with that fact .  if that happens on my favorite coins , ill despair too much and i cant easily forget it . i dont know the eth price right now but you can invest on it any date of the month  or any month of the year , no restrictions being applied on this coin

No this isn't the reason why the market dropped yesterday. There is only one thing that I know the reason why the market is falling. It is the stock market only.
Bitcoin and S&P price are correlated and as of this moment the price of S&P is dropping and this somehow affects the crypto market too.

Anytime? Yes it will since it is always a cycle. It goes up and it goes down anytime.
For me, I think it is safe now but I don't know what can happen in the next few days. It can go lower more or the other way around. Read the charts.

Crypto is extremely vulnerable to changes in sentiment in traditional markets. This is because crypto - including bitcoin - is seen at present as primarily a highly speculative asset class.

Obviously world markets are vulnerable at the moment as the economic effects of Covid 19 start to be felt. Stimulus measures are temporary and not long-term fixes; the underlying problem still remains, and handouts need to be paid for. We can expect economic turmoil to continue for some considerable time, and markets to remain extremely fragile. For crypto, this means sudden price drops can happen at any time... and it makes prices even more volatile than normal.

What we see in market is retracement because soon the bull will come back and for etheruem that is selling @ $340 after trading around $420 last month. This is showing that when bull returns, is likely to jump above the recent ATH.

For the reason I also don't know exactly what it looks like, but we can see the use of uniswap and the increase in the price of UNI tokens, this shows that many people already believe in Uniswap and UNI tokens, and it could be that people sell other tokens to buy. UNI tokens, so maybe it could be true or not, but if you want to buy ETH at this time, I don't think it is a problem, because ETH tokens are tokens that always have value and have better potential every time.

I also agree to that, it's not because of this airdrops but it's just a timing for them while everything is down by now.

The market not only crypto but also the stocks are in bloodbath it's too risky to buy if you don't have much deeper understanding with the
current situation, you'll be finding yourself being trapped, wait and observe if you are planning to buy in and hold for both long and short term
plans.

buy now is a good choice, apart from the uniswap, many factors will make etherum rise higher in the next year. DeFi project is the main strong reason and it could pump up the market early next year.

Damn, the whole market is seriously bleeding right now, this is such time that looking at your portfolio is not very pleasant, I mean your portfolio has literally depreciate in value, it is hard but at the same time it is the right moment to go shopping to buy at cheap price.

I think it has nothing to do with airdrop. The market dipped because of technicals if you can asses the charts you will know and also due to the covid19 second wave that is again creating some panic in financial markets but i think this time around effect will be short lived.

This is one of the sceneries on the crypto market that you can see every year it is not because of a certain airdrop. You will not miss to see something like this every time the ETH or Bitcoin price has dropped. maybe one of the reasons is there are lots of people who wanted to convert their altcoins to a certain coins or they just wanted to sold it. Unless we will see some news about this sudden bloody market in a few days from now.

Obviously, and I think this is very logical too, considering that the price of gold and silver in the past few days has fallen a little more sharply, so it also has something to do with the crypto market which in recent times has also experienced a sharp decline.

Most logically, we can assume that the red market was influenced by the news of the second wave of COVID-19 and the hype around the US elections, and not by the uniswap airdrop.

That is still a possibility because both of them have not yet happened, but it could also be because assuming it is a logical thing, there is only a little confusion here that in the past the US has not legalized cryptocurrency, but if it has been legalized for now I also don't know, I see also with the second wave of COVID-19, it was not that viral overseas except in Indonesia in general.

Never thought that it's because of the airdrop but it could be.
Yes, yes and yes.
The market is always recovering after the bloody days or weeks. It's safe when the prices are low and you can also wait if you want to.

I am used to markets like this.
If we follow the charts like Bitcoin domain, total market cap, bitcoin chart, and altcoin limit chart then we notice that bitcoin price shows signs of going down and the bitcoin domain is resisting.
I have drawn that first of all altcoins have to be sold because the bitcoin domain is moving higher, the altcoin market will bleed. Few people follow these metrics, they are really helpful.
Not only is the crypto market burned, but stocks and gold are having the same problem.
The UNI SWAP is just a market phenomenon, people trade them on exchanges and many currency pairs. It doesn't affect bitcoin much.

IMHO, I think it is not related on UNISWAP airdrop, because even the stock market is also in bloody red, I believe it was across the trading markets, and not just happening on the crypto market and If you ask me if it is safe to buy Ethereum now will I think the Ether price is not that expensive to inflect much losses in $342 per Ether I believe it is very reasonable to buy it now. but avoid some expensive Defi tokens because the risk is high.

OP, you can't JUST  blame UNISWAP for this bloody market because even before, it sometimes the market will bleed as of many factors that makes it. It could be just a coincidence and weak hands started to sell-off their crypto and it can be of big regrets because, after this bleed, the market will turn back healthy. I supposed to buy more while the market is still in the red.

@OP, if you are not afraid to lose your money and had a plan to invest in crypto, don't wait for the market to recover instead, better start it now.

I don't see any reason at all. The market has already been red before the uniswap airdropped. There is always a time that the market will turn red due to some factor and yes it will always bounce back and will make a big run. It has been the scenario since the crypto had been created.

buy when there are blood on the street.... as different trader might consider of one to varies with the initial factors on identification as expecting to gains of difference with the decision on releasing use with possession of risks and resource to work with distriubution of capital.

Most are expecting that it will be bull run already, but just an upset expectation because as we can see now the market is getting so bloody. If we look at the Bitcoin history in trading there's a CME gap at 9665$ if I'm not mistaken and that gap needs to be filled so no wonder instead of Bitcoin price will go up it still going dump. But let see how it goes this coming week if Bitcoin will fill the gap or will goes pump before. The bloody market has nothing to do with UNISWAP.

other traders will usually think of the risk behind the price going up or the deeper it collapses and in my opinion traders must be able to accept the risk that is there to be able to get a lot of profit so at least they should be able to have the courage to enter and start buying coins when the price is still cheap like that happened at this time.

If I am not mistaken, the bitcoin market is at the bear trend for almost 2 weeks, but this time, bitcoin shows good moves by having a green candle.
We can hope that the green candle will stay at the market, and even the price can increase to the next higher price.
Hopefully, everything will be changed to better the next week, and we can get back to make a profit after wait for some time.
If that happens, the altcoin position will be changed too, and the green candle will appear to the altcoin market.
Meanwhile, we need to be ready for the next thing that will happen.

Ohh men it is very difficult in this period to watch the market because all the coins a so down in price now, am so sad to see my small portfolio losing value by the day, I hope very soon the market will recover again because now it seems the whole market is taking a nose dive.

Even though it was big, it should only have an effect on the UNI project but UNI continued to rise at that time. And all are experiencing a decline today. This means that UNI has no effect on the market. It seems like nowadays bitcoin is always causing the red market

most likely the cause is due to the correction of bitcoin price, bitcoin price movement is currently in the $ 10k range and this could affect the crypto market especially regarding the top altcoins. Regarding UNI tokens, it does not have a big impact on the market, it just has an impact on ethereum gas costs, which are expensive.

I doubt the airdrops caused the crash in the market, before this dump we have seen some signs that this run as top, Uniswap just delayed the correction, we have seen 3 months of crazy pump in price and one that expect the price to keep going up must be living in Kukukiland

Do you remember the massive dip rather crash when Corona was declared as a pandemic by the WHO? Similarly now again due to the concerns of increase in infections the market is dipping but i am confident that market will recover and the momentum will continue and last months of the year will be bullish.

But now even uni is down with some percent, the whole market is bleeding and it is very hard to see, why are have to continuously experience the bear market for such a long time, when you would think things are about to get normal, suddenly the bear will jump in and snatch your happiness  >:(

I think it's because of bitcoin. We always see that if bitcoins value are dropping the altcoins are also moving downward but i think we don't need to get worried about that ,instead let us take this red market as an opportunity to buy more coins which we think has a bright future. Every red market for me is an opportunity.

No need to panic, If you are here to support this revolutionary new tech and good quality projects then be steong and keep holding these dumps will be short lived and in the end you will see gains and big gains as we are very close to the bull market now.

We can take this as a reason for the market to be dumped. But it is not possible for anyone to verify whether this is the real reason for the market dump. Since thousands of people have received free tokens they will try to cash out that free money, market price whatever the low or high, when people get free money they try to sell at market price.

However, it is not right to take only one coin as the reason for market dumping, there may be many more reasons behind it.

Whatever has caused the dump, either it is free eth distributed by uniswap or the fear of corona just remember that we have seen worst crashes and dips in the past and the real supporters are still holding so these short term dumps do not really matter because the deflationary and decentralized nature of the crypto coins are designed to grow in value with time and as the usage and adoption increases so be patient and you will see it was the right decision.

The uni airdrop is only one factor for the falling prices i think.
Even the classic stock market here in europe dropped like 3-5% yesterday and cryptocurrency and regular markets are still connected.
Seems like that whole corona situation will stay for a long time with all it's impacts, which means that markets will still be fragile in that period.

Yes. There is nothing to fear with this current dumps in the market because whatever significant reason for this dropped down of prices, crypto market will definitely bounce back and make a huge price increase again. This has happened a lot of times but in the end, we still keep seeing the market recovers and turns into bullish again. So relax and keep calm and might grab this opportunity to buy more potential coins while their prices are at low.

As far as your concern about the uniswap airdrop, I think it was given in UNI tokens so technically even if we say that everyone cashed out so only UNI token should have been dumped because of everyone selling and cashing out.
But personally i think this airdrop has supported the market because most of the sellers have bought their favorite coins like btc, eth and others.
As far as the market dump is concerned it was technically due so just wait for the market to take turn and continue its journey.

If it's airdropped then you can bet it was the culprit of the recent dump.
That is, if you don't see any reason behind it.

The thing is, even with ICO projects before, when they airdropped some of their tokens just to gain popularity it will really be dumped.
There is no reason for receivers to keep it if there is already a listing in an exchange. I'd probably sell it too.  ;D

It is a very unexpected dump, it could be the UNI turned into BTC and then sold of USD. They can't cashout UNI so it has to be traded into BTC. This is to look for way to blame UNI. :)  If markets are really manipulated, it could be that whales are attempting to buy UNI, even the CEX are accumulating UNI so its possible that in an attempt to make hodlers panic, they dump btc for UNI to also drop.  Whatever.

All these "we are giving away free thousands of dollars" type of shit is destroying the market, all those uniswaps, avax and many more just get cashed out as soon as possible and that means people are leaving the market taking out huge sum of money.

The money itself was in the crypto world but since they sold and get the cash from the market and when they reached a high level they got out, they took money out of crypto world. Normally someone who trades or invests do not take money out that quickly because they hope for continuous profit, but someone who gets money for free will leave the market as soon as possible because they need money and they are usually poor and it is free money they didn't worked for so they want to make sure they get it to their real wallets.

When we ascribe every dump in the market to some other altcoins action or dump it gets so distracting. Sushi exit scam was the first claim this September and very disappointed to read of UNI airdrop as another dump. September had always been a time for correction or pull back in previous years and the dump is also ascribe to something even when we had fewer altcoins. Maybe we should look for how to maximize the time.

I am ETH holder and trader. As I watch the price this days I would not recommend you to buy it today if you really want to. There is a high possibility the price go deeper from today's point and better investment would be to buy some coins by the price below 300$.
People generally have big expectations from ETH as always, someone even predicted 1000$ this year and that doesn't sound utopically indeed.

A lot of users that get the airdrop of uniswap are easily going to sell their airdrop as it is already a easy money for them and that drop could easily affect the market of uniswap,ethereum,bitcoin. As uniwap is converted mostly in bitcoin as it is the best cryptocurrency that you could use to invest or you could convert into fiat easily. It is not specifically uniswap but for sure that airdrop is of the reason and affect the marketplace for sure. But it is still depend since their are many investors that might take the risk in investing in uniswap.

You need to familiarize this kind of situation in order to profit as it is how the market works, sometimes the market will be green and sometimes it will be bloody one.

I can't see that the reason behind the bloody market was from the airdrops. The lower the price the higher the chance that you can profit and as you see the market is a little
bit bloody right now so it is very safe to buy Ethereum at this price especially if you know how to wait or you have patience in waiting for the bull season to occur.

By now, i suppose everyone of us is supposed to have understood duly how the crypto currency market works. For every bull run there must be a corresponding price correction. So any time the market is bearish, i think it is wrong to attribute it to certain tokens or market.

One notable thing i realised is that DeFi tokens are not bullish on the long term (atleast to certain extents); a drop in bitcoin price sent defi tokens into massive bear market.
None the less, the market will recover, always dyor.

Up to now their are a decreasing of coin in the market we experienced those bloody market since the Bitcoin are in at negative situation. We are waiting for the situation that it will become stable soon.

And the best thing to do now is to keep calm, think positive as the market surely get back to an uptrend motion anytime soon. Because all these negativity and the declining sentiment are only a weak action that we need to make a deal, we are in this situation several times but look, in every drops there are correspond pumps next. What we should have to do now is to wait and let the market recovers.

Only quick flippers and short term investors are worried about dumps.
When i invest i fully support the project and keep holding untill final product is ready and i see decent profit that is why you have to be very careful and selective before investing in a new project. While if you are holding btc or eth then you know you are in for longterm just do not panic and wait for the right time.

I don't think Uniswap airdrops are the cause of the bloody market, because the number of airdrops distributed is still too small
to cause the market to fall. Perhaps the main reason for the price correction that occurred in Bitcoin, which made some investors
panic a little, and moving their Bitcoin into stablecoins. If you want to invest in Ethereum you can buy it at the current price,
because the price of Ethereum is already at a pretty low price. After all investing in Ethereum is very safe, because it is the best
altcoin until now.

Not at large but to some extent I think it has created selling pressure in the market which droves everything down. But seems its temporary and no major impact we will see down the line. Let's hope the market again starts and will head towards previous highs.

It needs some correction, that's how it works. The price isnt that low yet and might not be too low unlike when the 1st lockdown of many country happens, even the market becomes bloody almost all old top coins are still able to cope up in the market, it's normal to experience that and it will be much better if will be able to buy some of it,or fill our baskets, so when price increase we will be able to earn from it.

Anyhow, we have recovered from the bloody market, and I think it is an exaggeration though. It's just a normal dump because of probably uniswap bounties. Those who got it will obviously dump and liquidate and I'm sure it will go back to the altcoin market again as in less than 24 hours, we are back in green again. So no need to get nervous or make things complicated and analysis the movement, as I have said, just like a normal day for crypto traders as it is very unstable.

I dont think we should put the blame on uniswap airdrop. We can assume that it got affected due to the stocks market going down and of course some investors are panic selling that crypto market would also falled down like thr stocks. But the price of every coin like btc started to recover.

The uniswap token price called UNI is decreasing as well, it means there is no relation between the decreasing price right now and DeFi project. Even I'm sure that the Defi project can help crypto currency being known by most people in the future. This event is really different with the privious crypto currency event like IEO and ICO that many says the Defi project could fail like ICO.

It should have happened, sooner or later, this market spacially Defi tokens have raised up so much, some of them are just a bubble!
I'm glad bitcoin could hold 10,000$ support, some of the altcoins like Dia got rekt though,we should wait to see when the market would be stable to do trading again.

Obviously, this isn't in a anyway a close reason to that effect because even the popular DeFi project YFI is also down. For me, I think the cause is simply a correction of the market. The way the market surged a few weeks ago it became a source of concern (for me though) that a crash was imminent. That's practically what we're witnessing now and it's the only way to build up Support on the Technical. There should be something to sustain the rise otherwise the crash will be so huge that the market could go further down and flat like it did in 2018. This is a minor crash. I expect the market to be up in a few days' time. However, there is another crash to expect in Dec as investors will expectedly pull out their profits.

Of course, expectedly the market will soon head north. This won't be the crash that will cause a market Armageddon 😏

We dont know the real reason behind the price decline because there are instances that can affect the market. Though it is possible that some investors are switching to defi projects because thats the trend currently.

The market will recover but its not certain for how long we're going to wait. Since eth decreased a bit I think it will be fine to take advantage the situation and buy if you believe in this coin.

I think UNISWAP airdrop is not the reason for red market there are multiple things which determines crypto market and in my opinion this is not the right time to buy ethereum because as we can see market is red it can go down side in coming days as gold is decreasing I think it will directly effects to bitcoin and when bitcoin will decrease all the cryptocurrency will also decrease so wait for that moment

Nobody really knows why the market is falling, many people just making up different reasons, some say it is as a result of the second phase of covid-19, some people are blaming uni and uniswap, but I just believe this is the correction time after the recent price pump, this is nothing new, soon the market will recover again.

The market is currently being sold off after the price increases in previous months. This may also be a profit-taking move before the US election. In the long run, everyone knows Bitcoin, good stocks, gold will continue to grow, but the most important thing is the timing of buying and selling. Only the right action is profitable.

Yeah, it's been two weeks now since Bitcoin is at the bear or low trend, but if we look at Bitcoin in long term it is still on the bullish trend. It's just that there's CME gap that needs to be fill also at 9665$ I'm just not quite sure if it will be done this time. And the bear trend that's happening now is I guess just part of some correction.

And yes, everybody is hoping that a reversal will happen this coming week, oh well I am hoping for this too. Let's see how it goes.

We may not know the real reason but we can speculate some thoughts coming from the most trending projects and investments that shares a lot of liquidity to the market.
I don't think that there's any relation anymore of the market dump with covid-19. We're afar from that reason and possible connection.

No one can give the exact answer for you, if people know what will happen they will definitely become a millionaire.
Do your own research and be accountable for your decisions.

I think because of the volatility and being unstable of the market that makes it bloody red as of the moment but we have seen several of this happenings in the past and we also have seen how the market recovered very quick and past so lets just hope and have faith that it can recover fast once more.

I think that is just one part of the pumping and pouring process that usually occurs in the market. Sharks have pumped a lot into the market and this is when they create bad news to cool the market and then buy.
If you want to buy ETH buy it, don't invest on anyone's advice, the money is yours.

The market is always cyclic and therefore may soon begin a new growth, and the current "bloody market" will be just a correction!

That particular connections may no longer affecting the market, for sure there are lots of investors who gained huge who are
cashing out now, they will sell and wait with the market condition and  just rinse back and repeat the same patterns from time to time,
With good knowledge even from this red market they still find reasons to earned.

Buy only if want. Not sure that any uniswap I heard lately would be practically the reason why we got this price right now, and it's nothing to be worried about anyway.
And no we aren't in a bloody market although that might be subjective to some people.
Just keep buying if you have anything that you don't mind losing.

I wouldn't reccoment to hurry because there are a lot of fortelling that bitcoin will fall to 7 k dollars. so if it's fall altcoins will dump much stronger!!

Most of the users who got UNI immediately sold it for ETH, so yeah, i think that's the reason why the price fell so rapidly and so much.
I do believe it's picking up gradually, so i expect it to come back to normal as soon as the free UNI money is spent

You're right, the market stabilization process for UNI will take place as soon as the gifts are over. popularity has increased, the market is getting bigger, and their community will certainly get stronger. this could easily help provide an impetus to raise prices back.

different customs as backround with technical competence as trader works with uses of distinct following repetitiveness on casuals as entrance into the field of business whilst occupying cryptocurrency on unit with the financial accounting as trader to gains of limit on number with target on expectation.

Yes not sure about the exact reason but it did fell and this is common for bitcoin to fall like 500 - 1000$ in a day or so. But we see it has already started to rise and now close to 10500$ already so nothing major we would say that the drop was very steep or will last long. Price recovery is a good sign and again we may see it around 11k in coming days.

What do you think about altcoins ? It's really dumped very strong. Could you advice what to do hodl or withdraw cash?

Not just the crypto market,almost all of market are bleeding these few days,such as stock market,gold,etc.The price trend of BTC is generally following American stock market,this is not the first time,and will not the last time.In view of this U.S. stocks fell largely,so i think crypto down was expected,but i have to say it is still disappointing nevertheless.

Yes, but we can see that the average person who complains when the market is bleeding is those who don't dare to take risks because they are afraid of losing, and that is also a natural thing, but for people who dare to make risks when the market is bleeding, then people it will always gain profits when the market is improving.

I hope that 2020 will be like 2017,  bad september but staight after strong pump and new historical limits.

The crypto market is experiencing a correction and this is common in this cryptoqurrency space. However, on the other hand, there is a possibility that this correction occurs because the price of BTC decreases, then ethereum transactions increase, especially on the uniswap platform which results in higher gas costs. but I'm sure ethereum gas costs will be normal soon.

It’s a temporary case for the market, I believe that with time everything will get back to the top around $400 maybe by next month.

For quite a long time a bull run is being predicted for Bitcoin, and as to whether this is going to happen, it’s going to happen for sure, it’s just with time.

Moreover, one thing I know for sure is that once Bitcoin starts increase in price, it’s not just going to be Bitcoin, Ethereum is going to be on the list of coins that are going to increase as well. And apart from that we are going to have Litecoin (LTC) and XRP and the rest of them that are on the top list of the cryptocurrency market.

I do not think the Uniswap airdrop is the reason for the drop in prices of coins, it is normal to have some correction along the line as we approach the bull run. What is happening now is expected with or without the Uniswap airdrop.  I don't see any reason why Uniswap airdrop will bring down the market.

I think it's because of bitcoin. We always see that if bitcoins value are dropping the altcoins are also moving downward but i think we don't need to get worried about that ,instead let us take this red market as an opportunity to buy more coins which we think has a bright future. Every red market for me is an opportunity.

You are wrong about the marketcap repeat this year. After halving next year could be the same as 2017.
Actually all markets could look the same for a little time like stock market and cryptocurrency but if look back for the last 10 years, all might not be the same. Other marketcap and Bitcoin markets can't be the same.

Being calm is important when investing in the financial market in general and the cryptocurrency market in particular, if you are impatient, it is very easy to fall into FOMO and lose your money.
I think the market will get a correction before prices return

I don't think it has only to do with the uniswap airdrop. But also the stock markets of various countries are down after having a pretty good run during the last couple of months .

And again as the market came into healthy recovery, those investors who took their profits are starting to buy back. Bitcoin goes back to $10,707 after a few days of slow move and low prices.
Maybe this weekend is different, we'll see bitcoin with green charts instead of the bloods. That is better than looking at the reds of the market which is kinda annoying when I look into it.

I really don't think Uniswap airdrop had a lot to do with the dump across several altcoin. Yes, some persons may have dumped the uni tokens and cashed out of the market, but that's a little as compared to the market capitalisation. I personally believe that the dump on Bitcoin must have contributed to the drop in value of several altcoin and this has made the drop in value look a bit universal.

Bitcoin influence the price of altcoins and following its movement. But if btc is declining one of the certain reason is some investors are selling.

I agree dont mind if the market is declining because if you're holding a good coin it will surely bounce back in time. So fill your bags everytime there's a correction.

It is sometimes happen to the market we can really experience a bloody market anytime, it is because of the people that selling a high amount of altcoin or bitcoin.
But for me i can really say that the bloody market is a good time to invest or buy more good altcoin and hold or if you are already a holder then you dont need to worry because if the coin you are holding is good then it may rise up high someday.

Every crypto veteran is used of these kind of sudden price movements, but it still hurts a bit to witness it over and over again, I am not gonna lie. If you are here for the long run, you should learn how not to be phased when those fluctuations happen as this will relieve your stress levels and you will consequentially survive in this space for much longer.

I don't think any bad reason for red market, perhaps it is the good way of taking a advantage to buy more top coins or altcoins in it's lowest price for future investments. I also think that it's not UNI airdrop that causes the red market. Altcoins fluctuates and thefactor could be bitcoin. Because when bitcoin pumps, severql altcoins pulled by it, and when drops also decreases.

Yes, I know a lot of people who bought " perspective" coins in 2018-2019 and in the end were left in a loss!So it is better to buy the coins on the bull market and not to forget to sell them so as not to hold them for years!

yeah it does. The  up and down cycles are part of the market and I have got used to it. AFter all we are still in the game when bitcoin went from 20k to 4k . I hope that its part of chance to load up more in the projects you believe in for the long term.

Whenever you can buy ethereum as long as you have sufficient capital, I personally would not hesitate to add ethereum to invest in the long term, I believe this project will bring big profits in the future. and also have to believe that this is just a market correction, sooner or later the market will recover soon.

I guess this is the right time to purchase altcoin in the market because the price of the market has reduce which any moment from now those who purchase their coins in low price they will start smiling for the change of the market.
Those bitcoin  and ethereum i hold for a long time which i purchase in a low price one year ago, i just sold them last three month when i discover the price has go up in the market.

I think what is happening in the market is normal if you look at how it behaves in the past. I also have a hunch that we will be catching up with the CME up soon and then after that , the bull market will start. Just like the previous bullrun. In my case, it is time for me to accumulate coins during this market dip. Buy while most crypto are cheap and get big gains later on.

This has nothing to do with the whole market being corrected. We grew too strong from February until now, now is the time for the market to correct for a short time.
In addition, it is quite risky to buy ETH now. It's just that the general economy is pretty bad, I'm afraid that disease will flare up for a second time and then the financial markets will definitely collapse completely, it will be very difficult to know what the future is. I just advise you not to all in. Only invest with money that you can afford to lose without affecting your life.

I don't think so, it's more about correcting the money coming in to excess then selling it back and pulling the money out so that less money is left that's what causes the market volatility.
Of course, the middle class will panic seeing this situation and join in selling, making prices fall and stable downward, we just need to wait for the money to come back in.

Uniswap Airdrop alone is not responsible for this state of the market. There are many reasons involved. This is the second time that Coronavirus has spread all over the world. Again, everyone is now trying to make a profit by joining the DeFi Party. Moreover, due to various rumors, the market may collapse, this could be a factor.

Market correction was due in the DEFI space but to Uniswap airdrops extended the bull run, I believe anyone that has been in this space before 2018 should have understand how the market works, I have no doubt we are in a bull market but market do not move in straight line, there will be a chop and downs

I'm trying to trade ltcusd but that's a nighmare.

Every line drawn is invalidated within few hours potentially... litecoin price (https://www.tradingview.com/symbols/LTCUSD/) just don't give a sht about the lines I guess. Wondering if it's even possible to trade with the TA litecoin... btcusd works just fine, but this coin... omg
https://www.tradingview.com/x/varGhfsv/