Bitcoin Forum

Blood of the market doesn't seem to stop bleeding today, BTC is at $69xx , ETH $3xx. Market cap $263M+ Where does the money go? and When will it be back? Probably to have a "moon" days the market need to bleed more. Everyone be cool!  8)

calm down! Bent out of shape like that, you look very frantic to see bitcoin continue to bleed. we all Be in the same boat, same unrest. everyone is also looking forward to the green back price as it once was. in my opinion bitcoin is in the process of recovering for Make Over again like yesterday's years.

The market acts on its own and is not affected by April Fools.

Where does the money go? Well if the market cap is going down the only place the money could go is back into fiat.

When will it be back? If I could tell you this I would be a billionaire

it is not an April Fools Day fact that altcoins have been getting dumped hard so the market and the market cap that you quoted above has been falling hard. it is just a simple fact. and as for bitcoin the drop has slowed down significantly which can mean the drop is near the end since it is becoming harder to go lower because of the bigger buy support.

Bitcoin (and altcoins along with it) is obviously dead (again). I saw that many times before and no doubt i will see that many more times in future lol. No kidding, in my opinion Bitcoin is still very volatile and it will be like that in next more than few years. Personally, i have sold half of my coins at 17000-19000$ (considering that most of my coins are bought in range 200$-1000$, earned thru sig campaigns, faucets bounty campaigns, etc etc) it is great gain for me (earned more than i earn in few years of my dirty real work). Now i will hodl like maniac rest of my coins and start to slowly rebuy starting at 7000% all the way down if market bleed some more (at least i hope it will) before next ATH.

The market is only affected by people taking money out and people putting money in.  If it's the first the price goes down if it's the second the price goes up.  that's the only ting that affects the price. 

I’m not sure if there is any buy support atm, the price is falling like an avalance with seemingly no end to the falling snow.

lol, i guess what happened this end. certainly not just. there is an effect and therefore the decline is not over. I think I do not expect this month to be healthy, this april. not easy to predict but for sure I still faithfully involved with crypto

I read it seems this april will not get good news from bitcoin because I see the condition in this year pure bitcoin has a very sharp decline and it will be difficult to recover the price.

Last week when I heard that 31st March will finish the Fiscal Year of some countries and everyone was expecting the market will start going uptrend but the market seems always go against their expectations lol

I'm flabbergasted myself seeing how the price of bitcoin still going down. I thought that at the end of March, we will see the market stops bleeding and most coin especially bitcoin will start to recover in April. I guess it is still too early to say these things as it is the first day of the month. Many ICOs are at a loss right now and those with solid use-cases survived and the weak and the ones with no use won't.

And it continues to bleed as marketcap is down to $252 million and Vol. 24h: $9 million. For me there's nothing that we can really do from this continuing slump and looks like April is no different from previous month as it can't stop the murder that we are going through. Well, yes, it really need to bottom before seeing tremendous gains in the future. But most of us can't take this bleeding, decided to push the sell bottom and get out and cut our losses.


You should know by now how this market really operates, when everyone is expecting something, the opposite happens. I don't know about the end of Fiscal Year effect to the market, but I can assure that we can't really go this for a long time. The bears have been taking over this market for quiet a long time but I still see the bulls and the herds around the corner waiting for the perfect time to run. We shall see.

Probably the money goes back into fiat(or to stocks and commodities but it is less likely). There is also a probability of it going into whales' pocket.
Maybe tomorrow? Maybe next week? No one really knows. If one have some coins left in stash, the best thing to do right now is to HODL. BTC
Everything needs to go back to where it is from for it to improve and in crypto's case, it needs massive corrections in order to be healthier next time.

This is not an April's fool situation the fact that it may go down to $6500 USD or more is being predicted by the analysis but I really don't know how they have know it, All I do know that it is a clear manipulation over the market and there are some whales that have authority with the current situation of the value, And I think all we have is just pure positive news and I haven't seen any negative ones that is why the price should be pumping than dipping, So that is the only thing I can think about why the market is bleeding hard.

in fact the market keeps Go to pieces and this bleeding continues to multiply. this does not affect the price at all, we just have to wait for the market to come back as before, hoping the bull market continues to pump the price, so that the disaster is over. I do not know, I myself also confused what to do, obviously I'm strategizing to use later when the market back to recover. for my brother, traders and investors, please be patient and continue to monitor the movement of the chart, this situation will soon turn around, the price will soon bounce in the near future in this April.

To the pockets of the whales.

This question is very popular and no one can tell you where it is exactly going to go back to its state where everyone is enjoying the high price of bitcoin but suffering with the high fees.

I had to agree on this.

Whales now bumping again I see in the hope that a lot of ordinary investors will come along and buy and hold.  And then swoop whales are back again to gobble up the lot.  Happens every time without fail.

All the cryptocurrencies are hunting by gaints. It will back to form soon because currently all the peoples are going to vacation so supply and demand is decrease in current crypto market. Again all are come to soon that time we should expect incredible pump in the crypto market. If you trust this coin definitely it will going to moon.

We had only solution in our hand.That is holding.Many of the holders had escaped from huge loss.I had checked the price of bitcoin today and get shocked.It had reach lowest value ,which is never fluctuate in past few months.The price of bitcoin reduced to 6450$ today.

April Fool day has nothing to do with the blood bath of all the coins. But to remain cool in this period of dump is not a easy thing to do for those who have invested a lot in this crypto world and whole of their portfolio is now at a loss.

There is currently an opposition between stock market and crypto market, stocks and indices are so green so probably you are right, whales  shift all the money to that market most probably. I am totally not an financial expert here but by starting a topic like that help me to interact and get a little more knowledge about it. If I sound silly im sorry :)

The market will continue to bleed until the selling starts to decrease. And then a reversal will happen and re-tests some resistance levels. Now when does this happens?

No one knows.... But you can make an educated guess  by using some technical analysis.

I think that it is going to happen sooner than later.. Maybe before the end of this quarter we are going to see a huge and succesfull increase, and we are not expecting that yet.

Bitcoin will be at least at $10,000 before the end of the year.

This is likely the result of the major up trend that happened late last year, which now results to a great down trend afterwards. It's really like ping pong against a wall. The harder you hit it, it will return as hard. So in this case, what happened was that the prices went up pretty high and ended up coming back terribly low.

Another factor is that the prices are going down due to increased supply because of the Mt.Gox liquidation. What happened was that because those coins with them was not accounted for anymore, when they released it back into the economy it resulted to excess supply and that caused the market to have an imbalance in supply and demand. And also because of the sudden fall in prices it also resulted to a mass panic. It caused a domino effect in the market.

That would only mean that the world might not yet be ready for the cryptocurrency revolution as the market is easily affected by bad news and also mass panic occurs whenever there is a down trend like you said. Recently, I have noticed there have been a lot of negative news lately and, I believe, this is also the cause of the price drop. The FUD has been pretty strong since the start of the year, probably because of the whales cashing out and also some people forcing the FUD to bring down the price for purposes of the bitcoin futures.

But this is definitely April fools day fact :
https://i.snag.gy/wFTe6O.jpg
Altcoins are being dumped for almost two months now. They rise and they fall, what else do you expect? That's how it should work otherwise people just get rich real easy which not everyone wants. Markets are functioning very well and instead of complaining, you can find a way to earn profits just how the other smart people are.

Is this a good time the market filter the bad and good investors. Like a huge amount of investors (50%+ ) who think this is a place to “play” to have easy money have to leave it? The good ones who truly understand blockchain technology as well as believe in crypto will stay?

Is it true about a theory that says if the market bleed enough blood, people are in despair thats when the bull will run? And to break out the trend the cash has to come back from governments, financial funds, billionaires...throwing their money in? ( what else?)

Gotcha! I also believe that at some point this year we will moon. Probably in the second half ofnthe year alrrady but it's coming. There's no other way to go. I'm not just being positive here since at the moment i'm also at a huge loss but i know the market may take time so i'm cool with waiting it out.

When bitcoin is in a falling position those who do not understand anything often think negatively about it but still expect profit and increment it's unfair to bitcoin users like that, i keep calm in crypto keep buying or investing may be the way i keep buying and investing can reduce bleeding, not worsen with all the anxiety and spread riots in this forum.

yes buying is the only way to reduce the bleeding but if you are the only one who keeps on buying , then  you cannot expect to see big results and noticieable gains instantly. however if all the people have unite and decided to help buy bitcoin, we can now then expect to see a good results and we can possibly help the bitcoin out of misery. athough that may seems hard to do because majority of us are only depending on the free coins and give aways on this forum. the only way that we can help us out is those whales that can surely turn the tides at a single move.