Bitcoin Forum

I cant believe within just one hour every altcoin's price drops more than 10 percentages. What is actually happening. Its a big downfall. Can we expect a big push within a couple of days. What do you think ?

I try to answer your question with my own prediction, my prediction for the next few days will still experience a downward trend, and if there is an increase, it probably will not be significant. And it always repeats every year, keep trying to calm down and be patient

the price drop is common in the digital currency, do not panic this may be for a while. the price will be normal again after many people are frantically selling their coins and tokens ...

Again, once bitcoin price is dropping, so the value of altcoins too. But if you will look into trading activity between btc and that altcoin, you will noticed that the drop is just a small bit and some doesn't even have changes.

10% decrease is not alarming and that is normal price movement so I don't see why would everyone will be worried here.

about what decentalized we are talking, how all altcoins could fall in the same time?? what the reason of it?

Today is a day off, on Sunday it's always like that - cryptocurrencies fall a little. Tomorrow will be growth, at least to Friday's level!

The whales are trying to scare everyone out so they can scoop up huge amounts for nothing.

I doubt that we can expect for it in the next few weeks, but it will still be.

yes, just in few hours the price is down more than 10% in this day
and i think this down price will be quick, so i believe and i hope tomorrow the price will be green again my friend
just catch any good crypto in this down price  ;)

I think this is very bad the price drops very fast, I always think positive this trend will change, I will hold my coins until the next few months, I believe the price of coins will rise in a few more months

as per my prediction , there is an downward trend for next 7 days.


reason -

Bitcoin swoons 10% after news of South Korea crypto exchange hack, leading a broad cryptocurrency selloff
https://www.cnbc.com/2018/06/10/bitcoin-tumbles-10-percent-after-news-of-south-korea-crypto-exchange-hack.html

Korean Crypto Exchange Coinrail Hack Triggers Sunday Sell-Off
https://cryptocoinspy.com/korean-crypto-exchange-coinrail-hack-triggers-sunday-sell-off/

after reading this news you may understand why this happening.

South Korean cryptocurrency exchange Coinrail has reported a successfully deployed hacking incident on Sunday afternoon (KST) which appears to have involved the theft of over 2.6 billion NPXS (=~US$20 million)

Ah, always Korean news make this happen. Fuck off Korean, you need to hold down your business and improve your security before making an exchange that will be used by all your citizen especially if they are rich!

A few days ago there was news like this: https://www.ccn.com/mysterious-asian-whale-begins-funneling-funds-back-to-huobi/
I think this is one of the causes of current market price conditions. Let's wait for the rest.

Summer is the latest test for investors, after which a bull market must be observed. So do not look at what's happening now, on speculation and thoughtless sales. Just endure this moment and everything.

We can expect another comeback in several days later. But this caused by the latest news from US that was opening the probe case against 4 major exchange site.
The majority of the market are following bitcoin and bitcoin goes down a lot due to the another bad news and this has been discussed in a lot of forums.

I am a little confused about the price because it will soon rise and soon down, what because now the bear market is still and so the bear market will soon end, because with the bear market altcoin and bitcoin prices still have not risen and yet also back then I confused with the price

This is a normal thing on the market and do not raise. This is certainly the name of the fluctuations that are a risk always exists and must occur in the crypto. There are several factors that make this getting worse but the downturn there it was commonplace and it was okay.

We have many bad news for this week and maybe some whales are getting ride on the issues to make the price cheaper and buy back at lower price. This is normal as we had encountered this before and sooner the price will recover and all of us will forget the issue. Relax and don't sell your coins.

I saw this and it nearly made my heart stop lmao some coins even dropped by 20%. It is normal though and it's not the first time it's happened, if you look now there's already a slight increase again in all the values, most have at least gone up by 5 - 10 %. Just hang in there and everything will be back to normal again soon, even if you see more decreases over the next few days :)

I think the reason for the fall of the market because of the exchange in South Korea is hacked or because of the declining bitcoin price, whatever the cause of the price and the fall in price, there are sure to be people who will take advantage of this filtering, I think it's an opportunity to buy altcoin at a low price.

bitcoin down => altcoins follow

it is as simply as that. if you want profit then you should not even be holding any altcoins ever, specially these days.
what you should do instead is to look where the altcoin pumps are. the problem is last year every altcoin got pumped and top altcoins had prolonged pumps. so people have forgotten how to use pumps, they were led to believe they should hold altcoins to profit but like always if you want profit you should buy, hold a very short time, dump as fast as possible if you want profit.
and there is always coins that are getting pumped. you just have to find them.

which I see its price is declining at this time because at this time the market price was also less good then from this time altcoin and bitcoin price decreased and not yet back to stable but I am sure all will return stable

All leading crypto-currencies are down against the backdrop of the CFTC investigation

Sunday, June 10: crypto markets have seen a sharp drop , in the wake of the news that the US Commodity Futures Trading Commission (CFTC) has launched a probe into four major crypto exchanges.
All of the top-100 cryptocurrencies by market capitalization are in the red over the 24 hours to press time, while total market capitalization is down by about $20 bln over the same period, according to Coinmarketcap.

The value of altcoins are dropping for their value is dependent upon the quantity of demand and supply, the amount of investments made through the number of people participating in each particular variety of coin. Cryptocurrency has no stabilize movement in its value in the market because the quantity of the supply and demand in the market is inconstant. t is a volatile system for no one knows when will the value of these currencies will increase and when will they go down.

Hey, I'm sad. I've found that my assets have been shrinking rapidly. I also want to know if it's time to leave the market or wait for the market to get better.
A friend of mine told me that it is now clear that in a bear market, it is best to pay attention to risk.

The market is like this. It will fall or rise. There is nothing strange. What needs to be done now is to find a good opportunity to buy.

Might be some time until we're up again. Hodl time

actually, we cannot predict the price of crypto in the near future. with the price of crypto that getting down makes many people frustrated. the best way to avoid going now is to keep the coins that we have and don't sell them for low prices. we should be more patient to wait some time until the coin prices stabilize. after that, we can directly sell it with the price as expected.

expect a big increase in situations like this would be very difficult to be able to happen. but don't get too panicked will decrease the present because this is an ordinary thing. Crypto is always going up and down all the time and it is these fluctuations make crypto elusive and many people are reluctant to go inside. Perhaps you have seen it drop in a day but has more severe State than that.

It is because of all FUD's and current events about crypto that occured in the past days. But based on the past,like 2-3 weeks once all of those are forgotten value will go back to normal and hopefully same thing will happen this time. We just started q3 and IF the same thing will happen last year bull market is coming.

I think it’s such a good time to buy many potential atlcoin among my evaluation, of course you can also have another choices for yourself. Despite the price of altcoin considerably depends on the fluctuation of Bitcoin, according to the present price, it would be the most suitable chance for us to buy and wait for our gained profit in the future. Good luck guys!

The price Bitcoin and Altcoin was abruptly down because it was affected  by the hacking incident in south korea , but I'm sorry for not providing the link as of now. Maybe this will be a fast recovery because this is not a normal circulation of marketcap.

The fall of the market is because of confusion because the government are looking for cryptocurrency to be regulated but they mentioned that they are only after for ICO and not Bitcoin and Ethereum.

this is what always happens in the crypto market, we can not avoid falling or rising its crypto market. maybe you should better understand market conditions, sell after a profit and buy when the market falls like this. I do not think there is a big push in the near future, but you can look for pumps in alt.

I know that the answer to this question might be quite belated to you but something happened with a korean exchange that made the price of altcoins to dip. I believe after the correction of that problem things will improve .

We are still in early days of cryptocurrency and price flunctuation and volatility should not be of any surprises. Beside, cryptocurrency price is like a whether, it changes from time to time. There us nothing to be worried about!

which I know at this time altcoin and bitcoin prices are still declining because the market is still up and down and so I'm sure at the end of the year will be stable again and can be profitable because everyone is currently waiting for altcoin and bitcoin prices to rise

In my prediction dump will occur for this month and if it will increase not that too much . We are hoping all to get profit someday but I am pretty sure it will happened within this year so just keep holding .

I think no need panic.
Price dropped before fly to the moon :)
The price growth can not be without falling :)

I am very worried about the situation on the market, to be honest, I start to doubt in general about crypto, I hope that this situation will improve and everything will become as it was before crypto will prevail and will be at a high level, because now there are very few coins that have good potential and growth, a part of the coins really fell very much, but what do you think about this?

no one knows what's going on in the market. I think we do not have a choice and we need only wait until the situation changes

The market is volatile enough to let the market's price up and down. I think it's because of the manipulation by big investors or it is still recovering from the red market from Q1. Whatever it is, by Q3 it will be a bull run for sure.

It is really sad to see and hear these news but there is nothing we can do about it. It really brings down the trust heavily but what we can do is to keep still because it will just be a lose if we dump carelessly.

Bad news of Coinral exchange make the market down again, crypto market look tired in this situation but i still positive for crypto, in a few month will turn on to bullish again. If you aiming to make investment long term just ignore this situation and look your investment in next years.

Normal market cycle, more sellers than buyers. Looking forward to see bitcoin below $6k in the coming weeks or month  ;D

Drops are biggest with easy to trade tokens. Smallest drops are with tokens on not so popular exchanges. In some cases I am down over 50% this week, in other cases only %8-%10. Still, this was all bound to happen at some point when looking at how things went from November onward. Healthy correction they call it. I hope we can put this behind soon, some great projects are having serious funding issues now that prices have dropped so enormously..

Can't wait for the big pump :).

Price will be 3000 USD soon, but okay, we don´t need panic sell because panic just begun.
I am okay, I will hold my funds in altcoins because I think that some of them can´t be cheaper for example Remme is my good candidate  8)

EOS team selling their ETH and EOS tokens  ;D  Many people see downtrend for a half  year already and tired of waiting and just sell their coins. To be honest i sold me eth when it was 600 usd last week,about 50% of all my eth. I earned the, by participating in ICO, like Usechain, so im for profit

Then you are lucky. I am holding my coins because I dont want to sell my promising coins in huge loss  :-\

The price is very much drained, so that people would stop believing in the cryptocurrency and start selling it.And when it happens, and then the price will begin to grow very quickly.I personally will keep and wait!

the price keeps falling does not surprise me because bitcoin prices also go down and it's become the character of the crypto currency that has a constantly changing price, we must be able to control the emotions, stay calm and be patient, that is the key to be successful in crypto

I think this is called panic. Of course instant rise may be happening just as fast. But I think a healthy market will go up slowly and for a longer time.

i have 39 kind of altcoin, i think this time begin from may, all coin have a down trend, i dont think to sell or cut losses until take my profit,,my target is until december or end of this year

it has always been hard for newcomers to believe that there is also an ugly side to all the promises that they have been hearing all along so far.
for example when they were being promised that they will be rich and there is only happy greed days ahead they believed it and despite all the warnings they didn't want to believe that it is just a pump and those who are giving them the "promise" are the ones that will dump on their heads.

The market is like this. It will fall or rise. There is nothing strange. What needs to be done now is to find a good opportunity to buy.

So many bearish threads are popping out. The feare factor seems to be on all time high in yearly chart. :D

Maybe this could be the end of the correction.

this is a common thing that happens in crypto I think this is just a healthy correction
My prediction of crypto will rise again in late July

should indeed have to be patient waiting for his condition again improved, because we already know cryptocurrency is like this, easily reverse the price in a short time so we must be mentally prepared to not lose money.

Over the week, the value of the portfolio fell by 40%. Now it remains only to wait until the market begins to recover. I'm very sorry to sell coins now, I do not panic.

Market capitalization is decreasing every day . I think that this year the market will be red

There are a lot of them, because everyone sees this as a big benefit and they want to steal money. They earn dishonestly and this is not very pleasant on their part. ;D

Nah, just wait for the next bull run and you will see everything in profits and increasing ;D

For a long period of time to this present moment, the market has been suffering Price fluctuation. The prices of all coins from the top to the bottom are down.

The market is really going down and every day lower ...I don't know when it's over . But I hope soon