Bitcoin Forum

So tons of altcoins have been pumped recently, then a drop came and now we are somewhere in the middle not knowing what's coming next.. do whales still need to cash out and they're just prolonging this? Doesn't look too good to me honestly. I suspect a bigger drop might follow somewhere in the near future... but who knows, everything is possible in this strange crypto world!

I personally think the grow is too fast, so i think this is a crypto bubble overall. Or maybe people have got into bitcoin and now are experimenting with alts, because they have so much more in features than bitcoin does.

I doubt ordinary people buy every non-sense altcoin :) Yeah they might buy a few but not like this...

markets have entered a new paradigm, nobody polices them. Beforehand, users of alts unofficially policed developers and markets. Now it is more wild west.

Yes, I notice they are behaving strange too. It's like we can't decide if we will have another round of pumpseason, or if bear season will start. Or no we start pumping again. No, it's bear season. Or is it?

Have no idea but these prices seem suspect to me :)

Lool Altcoin market is weird indeed. Wouldn't be surprised if every single rich person on this planet is involved in this game too. They could be the ones doing the "Pump and Dump" thing. 2017 is the the best year for Altcoin.

I don't really believe in some conspiracy that "a few whales" are talking in secret and deciding when to pump or dump.
Seems like a way the brain fills gaps where there is a lack of knowledge. Making some explanation like that. While in reality there are so many variables that can lead to price rising or lowering, it may be impossible for a normal person like us to really judge why things are happening.

I think its less of a small few whales colluding to manipulate the markets, but more like a large many miners in mass exodus from bitcoin mining and to alt coin mining.

Just simply due to the profitability of bitcoin mining for small miners diminishing

All those miners moving to building diy rigs or buying altcoin asics are creating a large new wave of mining hash power to the alt coin scene. Then, since there are so many altcoins and many rigs can mine more than one type, and each rig is switching between the coins for prime profitability there is a turbulent sea of new hashing.


There is almost certainly whale pumping also in the scene, but i do think the stagnation in btc mining is leading to more virility in the alt coin sea-scape.


Just my two satoshis

Yes indeed, something feel fishy, suddenly all of the price of alt coins is keep on rising without any clear background, I know there are a lot of investors enthusiastic in investing alt coins but the rising is way too high, I think one day the bubbles will pop and there will be a huge falling

I think it's related to BTC holders being unsure about BTC's future with everything that's going to happen later this year. There's a lot of money floating around from people testing the altcoin waters. I think we'll see it continue until all the big BTC changes later this year. Then it'll be sink or swim time. Either all the BTC holders will return to BTC and the altcoin market will calm down, or there will be a mass exodus and even more money will start flowing into the altcoin market.

The growth is just rapid since weeks ago where

Btc pumped

Then major of the big and old top coins like

Ripple
Nem
Eth

Then the trend switched to Masternodes
Then it switch to coin with low price high supply

Everything happens within a short time frame so ya

The market is not what it used to be. I think people here are looking at it from a standpoint of a a year or two ago where just a few people traded crypto now all kinds of new money is going into crypto, wall street people, gold bugs, even girls I know who didn't or where interested in what a bitcoin was until recently.

Yes, the market has seen an immense grows but the entire volume is still tiny compared to the stock market, some companies are worth more than the entire crypto market. And the prices for bitcoin and altcoins do not represent their worth of today but are an investment into a future which might unfold.

And it looks like there won't be the ONE crypto in the future but many. Of course, a lot of them will go up but will also go down as fast.

thanks finally someone with brain, all these tinfoil scared noobs are making me crazy, this is no opinion but a fact, everything else is scared fud

Nope you're not the only one who thinks the markets for altcoins are behaving strange recently especially when bitcoin suddenly pumped. The cryptoworld is still strange because you can never fortell anything of what comes next, it may have pumped now but we'll never know it'll suddenly dump hard. That is also the reason why we traders should not stop learning and educate more especially on reading charts too.

Spot on.

And recently sources like Bloomberg are talking about the gains of Altcoins. Not surprised if readers are then immediately searching how to buy in.

"Cryptocurrency Mania Goes Beyond Bitcoin"

https://www.bloomberg.com/news/articles/2017-05-24/cryptocurrency-mania-goes-beyond-bitcoin-as-altcoins-lead-gains

The bigger drop will come as soon as possible, but we will see the next pump of another coin in the future. The whales just try to make FOMO and more people are try to buy the coin. So the whales can dump it everytime.

This is all started because of me. I've considered mining Ether since November but I was only able to start at late Feb. And suddenly a new season has started that increased price of ETH from somewhere 11 to 230 lol. Alts followed with BTC and marketcap of some coins increased rapidly. People were saying XRP is a bubble but it surpassed marketcap of ETH last month. ETH had a bounce back. Now STRAT making weird moves.

Even tiny amount of investment can return unexpected results. But if market collapses now, it will hurt many people since more people are getting involved at btc and alts...

The market is way bigger now. Before, information about cryptocurrency is mostly accessible via the internet. Now even mainstream media is talking about these currencies.

market is always behaving strange, there is nothing new. I like how market works right now because you can see how active it is. If you can follow the wave when to buy and when to sell, this is definitely a easy money for lazy person like me haha...

I thought we were going to break through the double top but the chart looks dangerous right now as we flatline right at the wrong place and start to move down a bit, we risk collapsing if we can't break through the 90 billion dollar total market cap level and surge ahead to 95 billion, we're going to crater if the whales don't buy here.   You want this pump to continue to 120-150 billion you whales better do some buying to get the total market cap above 90 billion and fast...

 I don't care how strange it is, with the sudden surges on prices and suddent market corrections and all the going ups and downs made me a WHOLE lot of money compared to past thanks to using gunbot during these couple of weeks.

I personally just think it's the Cryptospace growing so rapidly. There is so much new money coming in right now.

True, whales are playing the game so it's them who manipulates the market. They know when people see a certain coin dumping they would tend to panic sell and those are a big advantage to them because they would buy those coins people are selling.

I think all of you believing into these "whales" are f## idiots. Who is a whale? You think wall street boys are unleasing their millions at such stage in the bubble? Those are normal people afraid of missing out buying in , it's "free money"!

I get a headache everytime i hear a word whale. You are stupid.

I also don’t agree with the rhetoric that all coins except of BTC are worthless because you can’t pay anywhere with them. You can’t pay anywhere with gold, either. The price reflects what people are willing to pay and you can purchase something with that with by exchanging it first. Just like with gold.

The best example is xmr.to where you can make any Bitcoin payment directly through Monero.

I belive many people buy alts. But problem is they leave them on exchanges and will get burned sooner or later. Burned one way or another.

There is a lot of work on making marketplaces for other coins, like Particl, Bitbay, and so on.  I think there is a section here where people are selling things for other coins.  It used to be that the Earthcoin site had a big marketplace where people could buy things with Earthcoin.  Other coin devs have done the same.  It will grow if people keep talking about it and offering it.

I'm completely new to this. I had heard of BTC, and had been tempted to buy some in the past but never actually understood it. I only started using Tor at the end of 2016 to follow the U.S. election scandals. I'm not incredibly tech savvy, but I like technology revolutions and I despise the central banking system.

I'm likely exibit 'A' of the problem.

From my own analysis, it's the huge flood of "dumb money". I've yet to put anything into any smaller Alt-coins beyond ETH. I've yet to put any noticeable amounts of money into the system before understanding it better, but I know people are. Coinbase had 40k new sign ups on a single day last week. Not sure what the figures are on other exchanges, but people are trying to get rich quick without any clue to what they're doing or why they're doing it. Most don't understand the technology or how it was managed in the past. Most are just buying what's cheap with the hopes it'll be the next big thing.

That's my opinion anyway.

There are more certainly more new users trading crypto now compared to last year. Look at the number of users online on Poloniex daily. They are at record highs and Poloniex servers lag because their servers were not designed to cater for such a large number of users. All the whales just need to do is to pump a coin and many inexperienced sheeps will buy, pumping its price to further highs. The same goes for panic selling. Whales just need to dump large amount of bitcoin and alts, all the newbies will just panic dump.

Yeah it's a scary time for speculation currently. It seems a lot of the market momentum has shifted to a few previously dormant currencies which has caused a massive pump on some of them. Most of the experienced traders will know how long to stay in the game and when they dump to get back into the main currencies there will be a lot of bag holders. I would personally only invest in projects you actually have faith in (promising future), rather than just investing in something you think is "undervalued" to make a quick buck.

we don't know if the big whales is behind the story in the market exchanges but we all know that from this pumped, we can make big profit as we can see that there are many coins that have been increase the price and there is many coins will followed too. like you said, everything is possible in this crypto world so i will tells to you that welcome to the crypto world which full of scenario.

They totally don't.  But there are idiots with more money than brains buying this crap, that's for sure, and it's why prices have gone through the roof lately.  They're not behaving "strange".  This is what happens in boom times, prices inflate past the point where they makes sense (which is where we are).  Volatility isn't strange in and of itself, it's just volatility, and we're getting quite a bit of that, too.

The altcoin market is so new and disruptive to the global economy that there are no valid parameters or antecedents that can help us to understand the seemingly absurd behavior of the cryptocurrencies.

However we must take into account that this market is still very small and is just expanding, so we should not miss these volatile behaviors altogether, because as soon as the market begins to mature we may expect less volatility, but I think still we are far from that moment.

I think it's becaue of the price of Bitcoin going up. It's got people really wanting to make more. So they invest in little coins hoping for a price increase and end up bumping up the prices.

I think it's still too early to say the bubble will burst

I think no. Because I also think the crypto market behaviour is very weird since april 2017. Remember dumps are the things that coin whales like best.