Bitcoin Forum

Reason for current correction? I've been away for a few days and was barely able to read up on the market when suddenly I see pretty much all coins in red? Why is that? I've already bought some extra coins here and there but I simply don't know why it dropped the way it did.

They are all somewhat tied to bitoin, and we are probably gonna be in a bear market for some weeks, could be more..

Ask CNN, they'll probably say it's the Russians.

Yes it is somehow tied up to bitcoin but not all the times since we can also see bitcoin in red while alts are on reds to which usually mean that we are on bearish market which i can say its really a normal thing to happen and indicates also that we do have a healthy market among those coins because there are activities do happen on them.

Bear market for the next 3 weeks i would say. Red could be something you'll be seing every day... If it continues to fall, even hodlers will start selling.

It's due to BTC fork and uncertainties.

probably korean biggest bitcoin market bithumb got hacked last few days what else ? steam summer sale ? government intention ? lol but yeah strongest reason is bithumb got hacked and they lost like millions coin but their market still open , dunno other reliable reason why its going dump

This could be your "John D Rockefeller in the Great Depression Buy" move.

If there is such a dip this is in fact for me a late reaction to the great pump that made altcoins reach new skies. However I see it recover, so I will maybe pick a few well-chosen altcoins.

Yeah, you can't pump forever without a correction. Its not a reason to be bearish but rather to give the markets time to adjust.

Indeed. I do not see this as the final downtrend that will end the pump, but rather like a small correction, needed, to let time to people and market to adjust, and let those who want to leave leaving, and letting those who want to enter entering at a good price.

Typical market correction. Nothing to panic about, just HODL

I agree with you this is correction I don't think it will turn to crash

Just waiting for the BTC segwit/segwit2x/UASF/UAHF and after that there will be a boom. Investors are holding their breath right now.....

This is like Y2K many worries but come august 1st nothing happen but up! So buy more now. Contratrian wins.

markets gonna market

Everything else don't matter. The dip is a matter of some time.. after the dip is the moonlight. So come august let's see because that's where all altcoins testing of time will matter. Will it be the end of them or go on.

Nothing particular (except may be some segwit fear + bancor ico ETH  dump) , good opportunity to buy at low prices , once dump over = it will stabilize (the end is near = too much dumping this week = coins are HIGHLY oversold)) and we ll see VERY high prices , no need to panic = HOLD

My advice = profit from this dump and buy your coins at cheap prices (remember when vitalik sold 200,000 eth , remember when mtgox got hacked...etc..) = we bought at very cheap prices and then BOOOM few weeks later = Huge rally = That's how millions are done = when there is some big moves

Because the crypto market is changing, it is completely different from before, everything depends on the value of bitcoin. Bitcoin increase, altcoins increase, bitcoin decrease and altcoins decrease. They are changing in parallel.

I agree 100 %

Problem in ypur statement is that Bitcoin is not decreasing ???. For me the reason is that for every rise there is a drop to compensate.

It's the same reason behind moon so the answer is nothing

Actually by definition this is a crash.

By definition a "bear market" is a decline of 20% from the peak, so we are in a "bear market" right now.

It's definitely starting to look like one.

Or we could just term it "a very strong correction"

The market was skyrocketing across the board for months. Once in a while there would be red for like a day or two. And everyone would proclaim "just a correction that was needed in this crazy bull market".

As we can see now, those one or two day corrections were not enough to account for the continuous hundreds and thousands of % increase that happened over a long period of time. What we are seeing now is the true correction. And perhaps some of the real shitcoins with no tangible future will drop off completely. Begin accumulation.

Do you think Ark and Viacoin can survive this? What about Shift and Stratis? Ahhh

I believe all of these have a good chance at surviving this. They all have very active teams and communities behind them, features that can be more important than unique/novel qualities. Obviously having all is the best case scenario.  ;)

As you can see, most currencies are discounted, they are red on all exchanges, if you are a trader it is a good opportunity to invest and make a profit. The importance is the power of that money.

We know the dip of crypto market are by whales and rich man control the price, but important is find best time end that waves and invest to buying crypto again. Very difficult to understand the market at now, everyday new low price will creating and we not know when is lowest can buy

If you didn't periodically cash out to fiat (like the whales do), then it will take a longer time to get back into the market.  If you have high values on your sell orders, like I do, you may have to lower them without taking a loss, or a little loss on some coins to free up the bitcoin.   What is a high value on a sell order will only be seen in time. 

You need to re-visit definitions  ;D

BTC forktards are creating a global uncertainty situation on the cryptocurrency ecosystem as a whole. Once the market understand there will be no fork, I think even Ethereum which I don't like and I think it's going to crash hard long term, will pump again, everything will be green once they understand king bitcoin is not forking.

Does crypto follow the same guidelines for bull/bear markets? This definitely isn't a crash but I believe down ~20% would signal bear. Then again, things are so volatile I don't know if these terms apply.

Just a psychological problems, some people geting into panic after 5% down

In any Market it is enough to move 0.1% of Capitalisation and the robots as well small investors getting into panic...

For $100Billion Market of Cryptocurrencies 0.1% is only $100 Million means selling or buying for 50 000 BTC results panic...

Next 10 Days are important.
The Coins that will hold their prise till 21 July, will go up and double and tirpple till December.
Others will go down up to 99%...
https://bittrexblobstorage.blob.core.windows.net/public/7812f55e-98bf-4f6e-8833-d6588cd5b890.png

Yes. Its a mental problem seeing a 5% price dip and panic and sell. For me this is just a price correction that will go for 2-3 days and then it will bounce. We can also grab some coins right now because its all going red. I guess that you just need to look at which coin can recover from this price crash.

The market isn't simply going to crash and remain like that, there surely are many investors around, and their interest is to make profit by selling high and accumulating when low, it will go up again and so on  :)

No specific reason about the current price dip. We are in bearish market that's why you can see all reds on your portfolio.

You can consider it as another chance to buy at cheap price or stay out completely from that coin you hold. Price correction is kinda not the reason here as it must be only happened to a certain coin and not on the majority of all coins listed on exchanges.

best answer  8)

I already took profits so i dont care. but i guess the big losers will be the people that bought in late or people that are too greedy and never took profits.
anyway for those people who didnt sell.... goodluck holding for another 1-3 years, i will be buying in at the bottom.

It is just a correction. so i bought a lot of coins.  ;D

''What goes up must come down'' - Natural
If you are holding great coins like Veri and PPT, this bear market does not effect you...
But most of the people here did not even heard  of them yet, but everyone will in a few weeks ( VERI is already big )...
So yeah this is just people taking profits ( wales have this effect ) , like others said !

With bitcoin, we can stay in the market for a long time as well. Look at the market to buy how to have a good investment plan. Currently, many currencies are invasive bitcoin. So when trading exchange must thoroughly investigate the market and how it trading floor?

It may be due to segwit2x/UASF thing and may go down to $1000  ::)

By this analogy we would expect BTC to come back on 1$, which is not possible. They taking profit all the time.

Why should this be cause? More likely greed is behind all of this.
SegWith is solution for problems and will not be activated till November, all this panic is more due to fork which are normal thing in Crypto, and very rarely influencing market this way.