Bitcoin Forum

I have only recently become interested in the Cryptocurrency markets and potential for growth, and for this reason do not have great insight on the history of Bitcoin, Ethereum and all other altcoins, and their price swings.  I am baffled by the serious downturn the markets have taken in the last few days and am at a loss of words to explain it.  Does anyone know what might be causing the heavy selling that is taking place?  Is this mostly caused by Ethereum-holders (I'm thinking of the recent successful multimillion ICOs) cashing out?  Are investors unwinding positions because, perhaps, they fear the upcoming July Segwit2 Bitcoin activation may fail?  

Let's discuss theories that might explain the down-swing!

Still not alarming since I consider the current price decrease of bitcoin was still on normal. And for some altcoin, still no such thing as big dump that I consider.

If you have an active investment and you already seeing the loss then that's part of the risk you take the moment you start trading cryptos. For now, just watched the price. Rather than take it as a problem, take the chance to grab more coins.

BTC going down is normal as their is price correction is going on and it is roaming around 2500 to 2700 range for so many days, about other altcoins this is mostly because of ETH problem as most of the coins are based on ETH platform. so it is not worry as good coins will bounce back

Just a correction.

The markets have gone up lately too far without support, they are due a pull back. Lots of new dumb money coming in and pushing prices higher and higher. The traders will be taking their profits and buying back in on the dip.

Let's not forget that the hard/soft fork is coming into action soon, so traders are naturally cautious about this.

If you are new to crypto, this is normal  ;D

Yes, I'm waiting for it to pump back up soon; although the upcoming fork worries me a bit, since we can't know how the market will react to it.
This seems like a good moment to buy though!

If I'm being honest, I'm not sure how to play the fork agreement. Think I'll just do what I usually do with this sort of thing and just go 100% BTC. One constant about my trading career is that accumulating BTC is my number 1 priority, so hedging into FIAT and/or alts seems dangerous, to me anyway.

Don't worry, I doubt any one here knows how to play the fork agreement... but the good news is that if you're a BTC holder like me, we actually have nothing to worry about. Fork or no fork, we'll have the option to move with the eventual "winner" if we control our own coins (you do, I hope?)

This is pretty common with the cryptocurrency. What makes people have a fear or panic is the price that grew on a sudden towards $3000 in a very short time and now getting decreased in a constant manner. As above mate suggested think it to be the time to grab more coins.

There is nothing we should worry. I see things normal as this is how dunpers supposed to dump altcoins. I'm not disappointed from what happening since I see this as an opportunity to buy more altcoins.

Bitcoin is currently at 2400usd now. In the next few days it might touch 1900usd or even lower before it climb again to 3000+usd.

While bictoin is going down to accelarating to 3k + will experience drop of altcoins prices due to retracement.

Just HOLD and welcome to crypto currency world hehe.

Yeah... this happens all the time. Crypto-currencies are highly volatile, at least when compared to the other investment assets such as equities, mutual funds, bullion and real estate. And that is their attractiveness. You can either gain big or loss big. A single trade can make you a billionaire, and if you are unlucky then you can become a beggar in a single day.  ;D

Indeed, I've had a few trading accounts wiped out with silly investments.

Now my main play is BTC and the other larger cap cryptocurrencies, ETC, ETH, LTC, ZEC and so on. Been caught playing so many 'shit'coins in the past, it's not worth it.

Also learned that position sizing really helps, don't go all in on one coin. This is another thing I've learnt the hard way.

If you think this is a drop, you'd freak out back in the days. Its just normal, every pump or a rise needs to consalidate over time for the next possible run.

If there is a bad news, its usually a speculation to make you panic so they can buy lower. Just check if the news are for real. ;)

The issue about swings of the market is not something that is new to people who have been here long enough because sometimes the market just take a regressive move without anybody being able to give an explanation rather than guessing which is what we all engage in. The market is currently at low ebb with the expectation that it will recover in due time when there are some certainties about future prospects showing forth.

This is nothing, when the price goes below $1500, now that is what you call a PULLBACK. This is just a normal trading.

I am guessing that this is just correction. You can't expect cryptos to go 10x the initial price and sustain it for long. Thats honesly not how investments or price appraisals work.

I am glad bitcoin is holding onto the current price

We have strong uptrend and I treat every drop as a correction and occasion to buy. But Ethereum drop proved that crypto markets are still a wild west :P

all the history is one click away from you.
just visit a website that lists these coins with their prices, a website that you like. it can be coinmarketcap, coingecko, ... or it can be any of the exchanges that you use for trading. they all have charts that you can see these price changes over time.

for bitcoin it is a simple correction of price because it went up too fast, also it is because of a little bit of uncertainty about the future and how SegWit will be activated. it is not that heavy as you think.

for altcoins it is simply their end of the line, they got pumped and now it is time for the dump. the pump and dumps come in duos not alone. it is pretty heavy and will get harder.

these two are completely different and unrelated.
the ethereum bag holders and the ICO holders are panic selling at the moment because of the fear of price drop and also because of the fear of network fails that happened recently. on top of that the bubble is bursting.

bitcoin is unrelated to all that, and if anything all the money that runs out of ethereum should come back to bitcoin.

Many people are saying "this is normal; just a correction; blablabla" but actually, this downturn is mainly due to the recent news regarding the possibility of the bitcoin fork. Many speculate a fork like this will drive btc price down further. Good luck to us all.

That is exactly what motivated my post.  I don't think this downturn is normal at all or a mere price correction. Also, there are very few events in the history of Bitcoin where the price trended down so strongly, and most of those resulted in the price staying low for many months.  There has been big money involved driving the price down systematically in the past few days.  Just wish I could make sense of it.

Personally, I am now leaning towards waiting for a retracement and taking a minor loss in the hope that the price will dive further and I can make it up later.  Lose the battle but not the war.

Most likely its due to the ETH network issue

Anyone have info whats the status of current ETH now?

I do still believe in bitcoin and like other said its just a normal unlike before that we are experience big dump last year when there is a exchange site  taking down by the hackers so i think this is the only reason that can push the price down if we will still experience a new exchange site was hack i am sure we will experience of large drop again not only for bitcoin and other altcoin can be affected..
Since bitcoin and growing and people are always believe in bitcoin the price are always increasing look at the  last year drop price that we could not imaging that the price of bitcoin can be live again and increased too high after the issue about dumping bitcoins from hackers.

I think i heard. Its ETH wallet issue in some exchange site's but i think they already fixed this issue in some trading site..

I think the issue has been fixed already. The price of bitcoin and almost all alt coin is going down. There are a lot of uncertainty surrounding the crypto market right now that may have caused the sudden drop of price specially ETH. That is why investors don't like to pour money right now, they want to see that everything is smooth before making moves that will profit then.

Crypto market is really volatile and I don't think there is any other trading market out there with same level of volatility in this world apart from some ponzi penny stocks.

You have to hold only half of what you have in crypto and should hold another half in form of fiat so that you can buy some cheap crypto during periods like right now. I have already invested few thousand $ into ETH.  ;) Its buy time guys....

They are under correction. There were no really dramatic drops so far, just another phase in development. It's not only about crypto, it's a distinctive feature of any financial system.

It's partly a function of price corrections and partly the Aug 1 potential split for bitcoin. I think the biggest factor is a price correction for all coins that have been very profitable over the last few months. Fluctuations are expected so this is part of that normal cycle.

I guess its mass panic sale of upcoming potential BTC hardfork.
Service after service, like Fairlay, are announcing that they will halt Bitcoin withdraws on 31st of July and people start to fear about their coins and money. And this is lowering the price.

After heavy panic dumping, it seems now crypto market is recovering somewhat. As bitcoin is the base for entire crypto market, the scalablity issue of bitcoin ecosystem is influencing entire crypto world. Only those people who are not believing in to the capability of bitcoin foundation are leaving off bitcoin, this must be big reason for high fluctuations to happen.

But fortunately prices are currently recovering, it means more number of people are having some faith compared to those who are leaving off.

This is all business tactics. All big shots will make people get panic and making them sell their coins. That is why we see significant fluctuation in Bitcoin price. According to my guessing again the price will go down below $2000. But don't get panic friends after 2 weeks everything will be set, and we see nice growth in Bitcoin price.

People are sell their coins holding because of the upcoming August 1 hardfork issues! Panic is the reason why people are sell even at lose currently before even the events happened. Since you are new in this area now is the best time to buy!  You should study the next move after August 1 and you will understand how this market work.

The recent decline in the market value of Bitcoin  could be trace to the upcoming 1st August meeting because there is a general believe or rumors that the bitcoin price will decline and as a result, so many people are selling there coins in other to avert the lose. The effects is not just on bitcoin only but other coins have equally shared the lose of value too.

Most likely into dumping stage possible because of this upcoming segwit that will happen in august1. Yes, panic selling happen and I believe when downtrend is the best time to buy. We cannot predict at what price its dip but buy for now for sure we can earn profit in the long term.

The fact that these gains have come from currencies other than bitcoin are a good sign that this is less of a bubble and more of a resurgence of interest in crypto. It makes sense that Ethereum is on a tear  the cryptocurrency has technological improvements over bitcoin, including the ability to code smart contracts directly into the blockchain, which in turn allow for things like the ability to build totally new tokens and even host initial coin offerings.

Well, if compare the price at now with the price of crypto in 3 months ago, we can see very cheap, special with Altcoin pumped to highest price in first half this year as XRP, DGB, STR, SC .. are altcoin breakdown to lowest price same in April

It seems the uncertainty going further
segwit code was started to be run and it started to give signal

We could also see the price getting green as the uncertainty might go further.
Let s see if forking result better, crypto market ll be better

Yes, the segwit2x software was being implement since yesterday that's why we are seeing that bitcoin and ETH has already recover the dipping we have encountered the last few days. Really happy to see the market going green again. ETH is now almost 250$ while bitcoin is just above $2300. Really good gains and I hope the price will continue to rise. Easy profits for those who have bought when the price is low sometime ago.

Nothing the party is over all these days it was all a sign to buy now and enjoy later but instead of buying at lower price many fools sold their coins thinking it will dump more or they don't want any more loses, there is a very minute chance that the market will crash again because the total cap has again increased to $83 billion from $68 billion. There are still some coins who are half way across their original price grab those soon.

I believe the future Bitcoin, not stop with the price 4 digits USD as now, I want the price of Bitcoin in next 5 years can reach to 5 digits USD, maybe $10.000/BTC. But want do that, the first job Bitcoin need prove it is best crypto and can become to one of digital cash important and payment system online better than Banking Internet or Visa/Mastercard

It's normal on Crypto markets. there's no such thing to worry. And from BTC dumping is also a normal also  remember in 2013 ? Bitcoins drop 200$ in just 1 Hour. But Recover again it's  almost same happening her now in 2017 Bitcoins dump almost 400$ and recover again slowly. I think this is because of upcoming desaster in August 1 so some of BTC HOLDERS selling bitcoins to secure Money. So Don't worry Market recover again after Segwit.

Hahaha. Yes those fools really thinks that bitcoin will continue to fall at 1500$ that's why they immediately jump on the sell button. Later regretting their decision because in the next 24 hours bitcoin exponentially jump above $2000 then now $2300-$2400 price. So instead of holding for profit, then sell for losses. And now they can't buy back because the price has already increase. Double whammy for the weak hands.

To date, the Bitcoin course surprises me a bit and I even start to get nervous about the incident on August 1. But I'm also worried about another point, this is the fact that today there is a lot of alternative crypto currency, but for today, very few touch implement them to trade. If we take for example bittrex then the reality exchange is very huge with large access to the crypto currency, But it does not have many names.

The correlation of altcoins to bitcoin has been steadily going up over the last two months, I would guess this is in anticipation of the bitcoin fork: https://www.sifrdata.com/cryptocurrency-rolling-correlations/ (https://www.sifrdata.com/cryptocurrency-rolling-correlations/). After the fork, maybe some form of normalcy will return to the markets, i.e. correlations will go down, but who knows.

There is nothing happening with the crypto markets it's not being created by the users themselves. There is nothing to fear about August 1st but that doesn't stop people from acting in a fearful matter. Everyone is coming to this form they're going to other sources they're getting themselves filled with fear and then they react in a way that's just completely stupid.

That stupidity is expecting the exchanges that stupidity expecting the markets and a stupidity is affecting the forms in general once we make it past August 1st and everyone sees that they were simply being stupid then things will go back to normal probably settle in and around 2600 /2800. We might as well see 3000$ and above as people will be buying quickly if they see price rising up.

New traders easily fall for FUD created by speculations. Always happens in the volatile market like that of cryptocurrencies. With miners started implementing Segwit2x, the air is getting clear and will prevent the chain split. Everything is going come back to normal finally after months of speculation.

No other reason except getting panic for selling bitcoins due to FUD spread by big whales.They have almost grabbed lots of bitcoins at cheap price.Now,i think show has ended.Now bitcoin price is speedily recovering and its now around $2588.Now altcoins also would start to recover since most of them are valued in bitcoin.

Currently that mark has even been surpassed as at the last I checked, its above 2600$ which is a great come back if you ask me compared to the low ebb we got in the last few days. And what is happening is not other than what I have always maintained that whatever happen to price is a function of all our effort and thats exactly what is going on. I am sure quite a number of people will be regretting their decisions now.

The fear as well as FUD that is being spread by sellers (buyers actually) who want to buy your coins cheap scaring you through the fear of being dumped hard before Segwit2x or any scalability resolution's enforcement is causing this and the selling pressure had been so high before that people could not resist themselves from getting into the red train and sold everything they had thinking Bitcoin could doom and come to an end, but (for them, unfortunately) it bounced back. They even sold their altcoins to get out of Bitcoins, but they didn't make it any better than worsening the situation more.

Indeed, those are going to enjoy a lot who bought bitcoins few weeks ago because now we are experiencing the continuous rise in the values of digital currency. All coins are showing stability as well. Assumptions are that prices of bitcoins will drastically increase from now onwards making the investors overwhelmed with joy. Crypto markets are going to blossom in few months.

Again there is nothing happening with the crypto markets that's not completely normal and natural. They were getting scared over something that there's no reason to be afraid over. This magical soft Fork is not going to do anything but slightly speed up the chain if anything. There is no possibility of a hard fork.

You are right dude. Those who go into business fearing losses shouldn't be in business in the first place. It isn't all rosy in business. You expect the UPS as well as the DOWNS. That's why it's called busy-ness. It should keep your blood pressure busy always in expectation of loss or profit. Those who sold preemptively last week or two ago when price was below $1900 now lick their losses as Bitcoin price has finally rallied above $2,700. Although I still believe it's going to dip to $2400 today or tomorrow.

The market is down a lot. Instead of sitting there and sad for the discounted coin I think you should look for potential coin in the moment to invest, it is your chance to buy the good altcoin are extremely low price Opportunity will not come too many times, you should cherish it.