Bitcoin Forum

Newbie in crypto, invested for fun in some interesting projects, I saw most of notable coin ( and BTC too) are falling down.
Someone can explain?

it happen every few weeks, it's normal, just buy during this time and sell when it's high it's that simple (and risky)

it's a economy cycle so you should not be worry about this kind of activity,
even if we're seeing a downward movement both of them (Altcoin and Bitcoin) at the same time,
nothing serious about this activity,
it's very simple,
they're trying to get more coin after spending their money last week,
every sunday/saturday usually we will see the price goes down because many people cashed out their money,
and then move upward again.

just do some observation and mathematics

It is not falling down it is in correction and searching for right price after up very high. If you buy in crypto from 2016 you still in profit and it is unbelievable profit..especially for coin like ethereum,stratis,waves, ark

Cool, thanks for the advice, think it's best moment to spend my EUR

Panic selling happened. $5000 is too strong of a psychological barrier to blast through it at the first attempt, so smart money is starting to accumulate now on the dips because the next atempt will most likely be the good one, and we will go to $5000+ guaranteed, which means, you better stack stockpiling on sub $5000 BTC at the highest rate as possible.

And once we get rid of the damn big blockers for once, the days of 4 figure a BTC will be over.

I can't wait for Bitcoin Core 0.15 and lightning network and sidechains.

Billions and billions of dollars have been pumped into bitcoin, causing a rushed price spike. Had at least half of those insane amounts been invested into altcoins, we could have benefitted from an unprecedented bull rush - and bitcoin would have experienced a more moderate and healthy price increase instead of briefly reaching the 5k USD mark and subsequently causing an unnecessary market crash and pulling nearly all the altcoins down along with it.

i think mose of the comments down there are well explained to you .. whaw i will telll you now is to grab your euro and start buying coins ..
almost ALL coins got the drop .. and now expect for the pump.. but one thing for sure be  careful because not all coins will pump some of them will continue fall out of the line

First of all i would like to welcome you on this Crypto world and i would say that this field would really be interesting and making money would really be possible but talking off first about on your concern,dont be surprised if those prices would behave on that way since its just normal here on this trading world because prices would really vary depending on the demand of its users.

someone will see its normal and not only once, but as far as i know, its because the Chinese government will make some regulation to the ICO, and the main ICO platform in China had stopped ico yet.

Yeah, Chinese government's action is having a ripple effect on the market. This is the perfect opportunity to buy into coins at cheaper prices 

Its just a normal correction thats happening right now. In the last we had a cold winter with a lot of downtrends. But I think thats not going to happen this time. The most alts are moving sidewards and trying to load some more fuel for the next leg up.
So just hold your bags and relax :)

After the pump trends, here come the downtren of altcoins price, the bubble hasn't ended yet, the price of these coins will still increase but just a little  dump happen and will be bouncing back again seeking for new ATH especially bitcoin and ETH.
Ths similar thing have happened before, if i recall after bitcoin announced its hf but you can see the outcome after that.

It's just a bit of profit taking. Cryptocurrencies are way more volatile than stocks and shares, and sell offs happen for the most trivial reasons (because no-one is sure which alt will be a success, which means selling quickly is often the right strategy).

I'd advise you to go to Coinmarketcap and take a look at the historic charts for all the alts. This is 6486th time this has happened, or something close to that!

Crypto trading requires reading, knowing the current events. Its not like put it here and visit it later. Some coins might crashed due to some reason like death of main developer or owner.
Always bring a mobile with coin reminder.. Like Tab Trader. Monitor the health of your coin.

Bitcoin is  dropping in price due to the  recent pump we have enjoyed since end  of July till date. We should no that this is normal not only in cryptocurrency market but in stock,  commodities and forex market. This is the best time to buy bitcoin and others altcoins that are seriously dropping in price. Bitcoin before the end of this month may break $5000 for some People has  speculate that bitcoin heading to $7000 Before end of this month.

This drop is nothing to be scared of for now. It is a simple correction in the price of bitcoin and other altcoins after the recent rally. I hope it is not as bad as the last one we had when crypto marketcap dropped by 50%.

the price of every coin here is volatile that is only the cycle,i think try to read some of thread in beginners and help there so many ideas about bitcoin for newbie

Some people said this was a normal cycle for alt coins, but as I know, this was most likely because that Chinese government would add some restrictions on all ICO projects. No matter this is a truth or rumor, just be careful these days.

First, don't just invest in anything just to have fun. I won't advise that someone because in the end if you are just investing for fun, you won't focus for realistic goals. Well this is another bloody week for the whole crypto currency market. And the only thing is because everyone tries to sell out and it's time to take some profit so we are seeing every coin's price to get down.

That is a very good opportunity for you to buy  ;)

China and US crackdown on ICO. Followed by Russian announcement that Bitcoin is biggest pyramid scheme and investments need to be monitored caused the panic.
Seems like a strong approach taken by major powers against crypto.

The prices are up and down on a good day. If I were You, O wouldn't worry much, this is normal investing in this space. Things will correct itself soon.

I've prepared TA

https://content.screencast.com/users/baael/folders/Jing/media/517be849-3b46-4dc9-b949-15f5c9763563/2017-09-04_1020.png

Chinese government made the price fall

With the recent all time high of 5k, many folks had sell their shares. With everyone selling, the price goes down.

When the price is low, it is now a great opportunity to buy again.

Cheers  ;D

will you guys still think its a correction? the ico in China is illegal now, and its still unclear how will the exchange going, maybe the bull market ends here

This correction is quite normal after the increase of the last week
added to this announcement of the Chinese government, this is a bit more impressive
I see this as a good opportunity to buy at good price !  ;D

The main mistake I made when I first started buying alts was that I underestimated the effect of Bitcoin.
Bitcoin has a huge impact on every coin, which is partly because of trading pairs. To buy and sell most alts you have to go through BTC.

So the main reason that alts are falling in the last couple of days and especially today is that Bitcoin brushed the psychologically important $5,000 mark. This triggered selling, which triggered shorting, which triggered panicking.

All will rise soon. Best way is learn trading. buy law sell high. It will generate profit.

Up and down in the movement of Bitcoin is a normal phenomenon and other altcoin too. The current decline in the market value of Bitcoin and other altcoin shows correction moment for investors to buy more and hold till the next upward move to break $5000 strong resistance. 

The market is definitely moving from this decision by China. you say above that "Chines government would add some restrictions...", its a bit more than that, they have outright banned ICO activity. It is all over crypto news right now.

we have all been here before.  crypto market rises by an astronomical amount in a short period of time and then drops as traders take profits.  It will recover though I guess it may take slightly longer this time due to the Chinese restrictions on ICOs

news from chinia causes this fall. they say they are against ICOs so most of them make a big fall.

the news came 5 days ago, there are a falling since this day.

Have never been able to put a finger on why bitcoin moves up or down in any sort of fashion. Usually I am connecting a Country that is in the news only to find out its something on other side of the world. Obviously I lack in depth perception on the matter but hope to gain some better knowledge before this year is over.

I bought some of the most cool coins-project, like 0x, GNT and obviously Eth.
Good choices? :)

that is happen every week because their selling it in a small price that's why. more buyer then their more person to sell it in a small price.. so if you want to earn a big one try to sell in when the time is higher value but that is too risky..

it will happened always so be careful while jump into crypto if you are newbie then just keep hold bitcoin

first - China block ICO
second - btc-e comeback
third - people panic sell

Don't worry this consolidation . But in the future I suggest you carefully study the coins that you are investing in . :)

Next time you feel a panic sell coming, sell along and buy back half an hour later.

The world of crypto coins is full of such surprises. The prices keep on changing at an unexpected rate and sometimes abrupt fall or rise can also take place. You never know what is gonna happen next.

Now that ICOs have been banned in China, just see its impact and enjoy the moments. Don't sell out your BTCs at the present moment. The price will still decline but if you are planning to buy again sell some of BTCs and buy next day at cheaper rates.

.. And here is how the panic sell and the dead cat bounce are born ;)

It is a part of its normal routine. It just a minor fluctuation and it is also normal. These coins are widely used in online transactions everyday. So it is very possible to experience movement in prices of these coins: its either up or down, and now its down and will change in short period of time and so on. But watch out, everyday is not a nice day so be alert on some worst case scenario

This was just a routine dump in crypto, more of these happen every month with onset of speculations or crisis

just another dump. In crypto world. Just calm. Everything will recover. Maybe it need 1 day or 1 year but it's always recover

People are idiots... .

https://www.tradingview.com/chart/BTCUSD/JPbdswyh-We-are-back-on-tracks-moon-mission-continues/

 ;)

I think just panic sell it, we wait until the condition becomes normal again,   :)
maybe 1 month again will be stable  :)

I always see threads like this first thing in the morning. I see them and they imply that the entire cryptocurrency Market is down. I used to panic 2 years or a more back and rush off to check my Bitcoin account and the exchanges. I found that time and time again Bitcoin had either not changed, barely dropped, or actually increased. So no need to put attention to these fud of bitcoin dying etc.

Not if the coin isn't a dead cat. I believe NEO suffered a great blow, but it's still a terrific coin bound to go to triple digits sooner rather than later

You are right! But I don’t think so there is any need of following the crowd, if you have strong believe in your coin and it has some good history keep it in our wallet and it is definitely going to pay you off. Panic selling is mostly done by newborn investors who are not aware of market trends very well.

Actually if you are a new investor in trading crypto, you should follow the trend (whales) and never choose altcoin low price for investment. Because almost altcoins fall down to low price usually keep this trend till the market creates signal recovery it. Therefore, it can makes you buried capital in longer time than trading altcoin has bullish trend.

this is not win win market. this is win - lose market. If new trader panic sell like that. We can make money from them. They always buy high sell low. Our money come from that

it was just bull attack but it seems it has finished.
we can go ahead.

Don't worry, All just in time to adjust the price, the volatility in the market is always the rules cannot be changed. Please hoarding BTC and Altcoin at a reasonable price, you will make a profit from market volatility.

Exactly, panic sellers make us rich

I don't think we should be panic about the happened and like op have rightly said now is the best time to buy as bitcoin and others altcoins  are very cheap now. Many traders are speculating that the price will fall further but I don't think that will happen as $4000 has remained the foundation and the  ground floor for now.

The news from China is effective and there are several important reasons. Also the price of Bitcoin did not rise in a balanced way. This does not seem to be balanced because of the rapid price decline seems normal.

Its because of the bad news that coming from CHINA and people are on panic sell because of that but don't worry everything will recover soon I hope you did not panic and sell your coins.

The overall market was bound to retract one of these days, it was so clear. It's a lot better if it gradually rises all the way up to 1 trillion, than if it shoots up and drops back down like a stone, as this might attract negative attention from governments wanting to ban it all together (like China was rumored to do)

I would plans to exchanges and see that the coins right there on the front page we're doing just fine. I would even dig deeper and see that the general average had not changed at all. I've gone so far as to take the time stamp off the original post and compare it to the closest you could get on the Bitcoin Candlestick chart and see that a post about how negative everything was going was right in the middle of a rise.

I'm looking to understand why the blood spilled again. Blue has reappeared in yesterday, but could not believe BTC continues dump with Altcoin today. Panic comes back, I don't know the price of BTC will be like at the end of this month. I'm very worried.

Yesterday the blood was catalyzed by Charlie Lee's tweet, amidst a sea of mounting speculation and fear. The markets are pricing in the potential news from China and a lot of people are cashing out. Even if China does "ban bitcoin" or just the exchanges, the price won't fall forever. The rest of the world will continue to use cryptocurrencies and they will increase in popularity....and China will be missing out on a huge market (which i don't find likely). Anyway, don't be worried. These corrections happen. Try to not panic sell and try not checking the charts too often. If you are too worried, maybe you have overinvested and reconsider your investment strategy.

China ban ICO
China planning to ban Bitcoin too
and CEO Morgan say bitcoin is just a ponzi scam

and btc-e will comeback tomorrow. many people will dump their coin

Another good way to get a quick handle on what the crypto market is doing is by paying attention every day to the Market Cap (CryptoCurrency Market Capitalization (https://coinmarketcap.com/charts/)) as shown at the top of the CoinMarketCap homepage (https://coinmarketcap.com/).

Today it is around $133B (133,268,725,237 billion dollars), which by itself that number is useless.  But if tomorrow the number is $140B or maybe $125B you'll know if things are up or down, and how much, before ever even seeing any single coin's price.

Also since I knew the Market Cap was down by around $10B from a couple days ago, it was no surprise at all to see that all coins had a down day.

And if you don't spend everyday on coinmarketcap, remembering the last MarketCap will help to catch you up quick after a break.

We're in for a long bear market I think. The chinese have just suspended all trading on one of their biggest exchanges. Don't cash out now, accumulate and hodl for next year. November 2018 is the time when millionaires will be made

I have come to conclude that the world of the individual is based on a limited scope perspective and that they expect that the rest of the world shares their scope. If any single person has invested in a single coin, and they wake up in the morning to find that coin has lost value, to them the entire cryptocurrency Market has lost value and they will post that information.

I am not complaining I am simply stating that the markets are doing just fine and that at this very moment, only hours after the original post Bitcoin is doing just fine. This is why, even though most people are told to limit their number of Investments when they are first learning, do please do not limit your scope in perspective. It's the outside world and the entire cryptocurrency Market that is going to set values for these coins,

If you are going to be successful you need to have a very wide scope so that you can see the factors that are changing your Investments up or down. There are real news and then there are fake news. Some news like this china banning one might be real , but then we should understand that this wont keep bitcoin down for long. Once people realize that bitcoin price is too low, they will start buying and once you get the buying trend, bitcoin will again cross 4000$ in a day or two.

that's the common scenario inside crypto industry fake news will create panics and newcomers will come and ride the cheap value, after that it will
rise back again with the help of whales and they will begin to cash out again and make more news or issues to shake the market better to be ready
with all this stuff and you are ready to go.