It probably will. Some large hands have liquidated their positions, which likely means that they are done providing buy support and will move on to the next low market cap coin to pump and dump in the exact same way.

I get why people are excited to buy the dip, but the dip people plan to buy is still well above the price it traded for before the pump, which means that there is still more room to the downside in the coming weeks or months.

Classic pump and dump is what it looks like. I think what happened is that the price was pumped to create demand and thus liquidity for some large players to exit their position.

I don't think it's a good time to buy right now. It might go up a bit further, but I expect lower highs for a period of time until the price reaches the levels it started pumping from. People are better off not buying.

I agree. People generally only buy when they see the price go up because they think Bitcoin is going to change the world or something, but after a while they figure out that they bought the peak of a rally and will keep bleeding.

The uglier the market looks, the better the buying opportunity is. That's the evidence we have in every market. If people for once did the opposite of what they think is the best thing to do, they would have made quite a bit of money.

It's not even that complicated to understand how this market works. People make it seem to be more complicated than it actually is, which then discourages others to not get into it, which is kinda sad.

One of the main problems is that a lot of people here trade and invest based on the fundamentals of the coins, which is probably the easiest way to lose money because this market doesn't respect fundamentals in the short term.

Are Bitcoin and Ethereum fundamentally worse than they were at their 2017/2018 high because their current price is lower? Hell no. They are way better today than they were back then but the market doesn't care.

That was an extremely bearish move. It has only happened like 3 times in Bitcoin's history that the price went up so much in such a short period of time, and none of these moves were sustainable.

If the price pumps $3k and then dumps below the point it had that $3k pump, you know that it was used as a welcome opportunity to sell high while traders expected that it would tank deeper. Nothing good can be said about it.

The problem with USDT is that you rely on a central entity to make sure that stablecoin is worth $1 which it is today, but what about tomorrow? It's waiting for a total implosion of USDT. It can happen at any time.

People are way better off using Bitcoin or Ethereum because you don't rely on anyone to maintain its value. Yes, it's volatile but I rather hold a volatile crypto than a stablecoin that might not have any value left tomorrow.

Well, companies are companies while most of the crypto coins are set up by individuals or groups who don't represent a company. Nowadays that ratio is different, but in the past there weren't all that many companies with coins.

Another thing is that crypto coins can't really die off because there will always be one or two exchanges coins trade on. BitconnectCoin for example, a totally busted scam and useless coin today, but it's still traded on a couple of exchanges.

Statistically it can be considered centralized. It all comes down to what that pool is doing with that majority hashrate. If they follow the economical model and don't inflict harm to the network, not much changes.

Only when they abuse their position in the network it becomes a problem. There is too much to gain by just following the rules of the economical model than to fuck up once and be a bad guy for ever. It's not rewarding enough.

It's called luck. One can be right like 10 times in a row and it's still luck, but in the long run, these people will lose most (if not all) of what they put in. There is no shortage of people 'trading' like that.

It kinda works the same with gambling. I have seen people brag about their profitable dice method, but it only works until it no longer does, and by the time you agree that it no longer works you have wiped out your balance.

I have read through many of OP's threads in the last couple of months and they all seem like political gibberish, so on that front you make a very good point even though it's partly meant as a joke as well.

OP is probably after an easy pay as moderator. If you combine that with some degree of power on this forum that allows him to delete other's posts when he doesn't agree with others, the story starts to get more shape.

Same. I think it's fair to say that the main reason the price has held quite well despite being dumped down hard is because of the fork. If there was no fork there for a lot of people wouldn't be an incentive to buy Ethereum.

In general, the price tends to increase in the run-up to the actual event, so from there I do expect quite a strong bounce in the coming months, but a lot will depend on what Bitcoin is doing as well, so better don't get too excited yet.

In general, altcoins are a good hold when they simultaneously go up for months straight, which is often referred to as an altcoin season. As long as that isn't the case, it's probably a better idea to not touch any.

It's true that some altcoins are doing well regardless of it being altcoin season or not, but the important part is selecting the few coins that will do well, and not buy into the hundreds/thousands of coins that will make you lose money.

It's what I consider a gamble. If you are open to a gamble and accept all of its risks, then go ahead but I wouldn't recommend people to take unnecessary risk where you can just sit in fiat and let the market bottom further.

XRP holders have been butchered hard in the last 2 years. Considering that they have heavy bags they desperately want to see go back up in value to break even, they will keep supporting it.

The whole idea behind their investment in XRP was that banks would adopt it and pump the price to $10 and some are delusional enough to think it can hit $100 which is completely and utterly retarded.

It depends on the country I guess. Germany has been far ahead of other countries in terms of crypto regulations, and as far as I have read into it, they seem friendly and open enough to allow crypto to gain more ground.

The thing however is that we need more countries like Germany being open to crypto. Everyone is looking at what the USA is doing in terms of regulations, but it seems that they are not as open minded as Germany is unfortunately.

What people need to figure out is that they will very likely lose a lot of money trading because they are clueless about technical analysis and what makes this market so volatile and brutal to trade.

Only noobs think that this market is being manipulated. Every dump people complain about whales controlling the market by manipulation, but when the price explodes, they like it and don't complain. What a hypocrisy, right?

As long as people can make profit everything is tolerated, but when the market conditions change and they lose, then it's manipulation. 

Could be, but the thing I think made people leave is the fact that the high they bought at is so far from the bottom prices that they either sold and accepted their loss, or still hold an expensive bag of altcoins.

People bought into altcoins believing they would change the world and go up in value endlessly, which in 2017 seemed to be the case, but bubbles pop and people get hurt.

Altcoins need to surpass their current highs otherwise I highly doubt people will come back. Every single time altcoins have a bounce up people get excited, but it turns out to be yet another lower high.

Unfortunately, it's flat out robbery. All they care about is to have their pockets filled, and whenever you want to pay your taxes and make a mistake, they will threaten you with hefty fines and possibly even prison time.

The sad part is that when you are eligible for a tax return, it could take months to actually receive it (complaining will not work), while if they think you owe them money, they want it right away and you can't even be a day too late.

I don't have a problem with fiat. IMHO, I don't think crypto can compete with fiat on any level as money. It's not stable, not a unit of account, poorly accepted throughout the world, and the list goes on.

Crypto is great for speculation, censorship resistance and cross-border value transfers. Great features, but does the average person need all these features? I don't think so. Speculation is what 90% of the people are here for.

I can understand the frustration, but this market is brutal and can bankrupt people if they take on too much risk. If you buy Bitcoin, no matter how much you like the idea behind it, you have to accept its speculative nature too.

People often think that they can handle the wild price movements, but that only until the market turns against them. Many people tend to call manipulation because they don't have a clue about how a market like Bitcoin works.

I like the fact that this generates positive exposure for the space as a whole, but when you dig deeper, it's such a nice token that it won't appeal to the masses, and let us need some fresh capital to enter the space.

If they want to generate even more exposure, they should accept Bitcoin for ticket payments, merchandise, and so on. I'm sure that it will motivate even those who aren't Juve fans to buy something and pay with Bitcoin.