Welcome to bitcointalk.
you meant to say welcome "back", i have been around the block hehe. thanks though. |
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yeah i should have reported them. it was so funny to see all these 1 post accounts talk to each other that i forgot  |
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i still don't understand why people thing groups like Wall street traders and the rest came in recently!
who is to say that they have not been involved with bitcoin heavily from the early days. something like from 2013 when price first went to $1200 or even from much earlier when the first 3 huge bitcoin bubbles took place which nobody even knows about?
i say they have been with us all along, we are the "newcomers" no they...
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we are experiencing another beautiful dip because of some new FUD on the media and some weak hands panic selling their coins again.
so far the bottom has been tested at least twice in a major dip and another time in another small dip.
there is a pretty good chance that this time if we get over this dip, it will be the last dip that we are going to see this month.
#bullish
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this is just a Christmas gift from the whales to the whole community to help them buy bitcoin at a huge discount of 40% off.
of course not everyone appreciates a great gift like that, so thy will ignore this dip and then regret it later on. and most of the newbies are seeing this as the end of the world because this is their first time seeing price drop of this magnitude going on.
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Bitcoin you can buy small quantity instead of buying 20K at once because people expect some correction but it may or may not happen soon. So don't simply wait instead buy a small amount first and wait for again right time to enter. You can also consider adding some IOTA which actually corrected and slowly started moving up again. Good luck to you in crypto investments..
While many are expecting Bitcoin to make a big correction soon such a dip may or may not happen as the whole Bitcoin community is watching what can be the effects of the Bitcoin Futures to the overall market of Bitcoin. Will it be a catalyst for a surge or will it dampen the overall sentiment of the market considering that there are those predicting the futures to be an instrument in limiting the value of Bitcoin just like what is happening with gold and other fiat currencies. Yes, the best thing to do is really diversifying one's portfolio so as to spread the risks involved. Aside from Bitcoin, there are now emerging altcoins really worth investigating and investing with. Good luck to OP! i believe the dip that people were expecting already happened a couple of days ago. it was a complete week of dropping price, nearly. and that was the dip. waiting for the dip is not such a good idea anymore if you ask me although buying right now may also be risky. also i do believe that the reason why altcoins are rising and you call them "emerging altcoins worth investing" is because bitcoin price stopped doing anything for the time being. it has been nearly 5 days without any wild swings in bitcoin apart from normal 3-7% swings every day. |
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when i enter the market. only more than 700 digital coins. However, it has grown to 2000 in recent times. Many of them are fraudulent. But there are also some dark coin to invest. you need to be careful
quantity doesn't matter, quality is important. creating a new altcoin or like what they do these days, creating a token is very simple and it doesn't even cost you anything to do it except time. that is why we have thousands of altcoins out there these days. but creating something that actually does something is the hard part. and that i why we only have a handful of projects that worth paying any attention to. the rest of them are only money making machines that every traders loves so they keep them alive. |
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there is nothing to explain really.
altcoin market is a manipulated one and what you see here is a pump. there can not be this much money coming in just because all of them think these coins are "good" or even "half useful". they all know (well most of them anyways) what they are getting into and they will exit and the dump will come soon. just like it always comes.
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a long time ago i learn a valuable lesson and i will be using it as my main goal. let me share it with you. it is important to sell when you are in profit. in altcoins it becomes a lot more important because they are not stable investments and they have the high chance of getting dumped. and they do get dumped a lot after each pump. but we can never predict anything in a manipulated market of altcoins with lots of pumping groups all around it. what that means is that sometimes you sell too soon or sometimes you sell and price goes up afterwards. there is no reason to worry about it, you can still buy back! nobody is preventing you to buy back saying you sold so you can't now so what i do is that i simply buy back when i see such a pump is going on and enjoy the additional profit that i am gaining. but that still doesn't mean i won't sell when price is at the bottom and not moving at all just because i hope it can go up! |
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maybe not by the time OP started this topic which is obviously more than 2 weeks ago and price has never reached his dreams.
but right now there is a very nice pump going on all around the altcoin market and bitcoin cash is one of the altcoins that is being pumped.
nobody can tell you when it will end or how much they can pump it. but it is not at the end of the pump yet. it will continue for some time and the profit is good. and because it is a big coin with lots of hype, the dump that comes after won't be as fast as dump of small altcoins.
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your order was probably partially filled that is why you got smaller amount of bitcoin back after cancelling it. go check your balance and also history and you will see these amounts check out.
ps. partially filled means for example you wanted to buy 40,000 satoshi of some altcoin so you placed an order of that size. then someone sold less than that amount to you. for example someone sold you 10,000 satoshi worth of that altcoin and then you canceled your order so you received 30,000 satoshi and you already have that altcoin too.
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first of all thanks for sharing this, because i actually missed it and i had some BTC funds on Yobit which i have to go and claim my rewards now since it is a fresh market and it was listed recently i say an instant dump is the best option. you can however look around a little and wait to see how the market is reacting but based on previous ones the price will get dumped when people realize they have gotten some "free money" and need to sell it. i also have noticed there are two more markets: BTH and BTCUN which both seem to be forks of bitcoin! i dumped all buy BTCUN because i had small amounts at the time and dumping it wouldn't give me much so i decided to wait for its pump. |
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yes it is very common and it is a logical thing to happen too.
when something is listed on an exchange that means people are capable of selling it now. and they will surely sell and at the same time, there are less people willing to buy it either because they know the dump is going to happen or see it happening and wait for a lower price. whatever their reason, the result is the same. there is more sells than there are buys so the price drops at first.
later after this dumping phase was over, if the project is decent it will rise and go higher than the initial value. if it is not, then it will have a small recovery and then drop some more.
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why should IOTA be any different than other altcoins that spread the same lie? for example ethereum lied about the same thing too. they said Microsoft is a partner where it was similar to IOTA only a participant and had no affiliation ever. they just observed the technology to probably use it to their own advantage since it is open source.
it is all about how you hype the altcoin, and all of them are using the same lying techniques to create fake hype to pump their project.
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i don't think $5000 is an easy target for an altcoin like Litecoin to reach. it is a good altcoin and i believe in it and i have said multiple times that it will have good rises but to go from $200ish range to $5000 will need some massive adoption and a lot of usages. and so far Litecoin doesn't have that real adoption as a currency part.
and that is the biggest problem with altcoins. when it comes to bitcoin, it is only bitcoin and what it does and nothing competes with it. but when you start talking about altcoins it is not just litecoin, there are hundreds of them that can compete with each other. and so many of them are better than LTC.
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i am starting to like IOTA a lot and i believe it actually has some good chances of big rises. although i wouldn't be expecting a huge price from it because of its supply but still 26000 satoshi is pretty low for a project like this. it should be at least 5 times this value.
as for investing, i think it is not such a good time to do it now because of two reasons. the important one which is bitcoin price rising and causes altcoins to get dumped. and the other important reason is that IOTA is already pumped and it needs time and possibly some big drop before start rising.
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