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Author Topic: why coin price dump?  (Read 389 times)
KyoraKagami
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December 08, 2017, 11:55:52 PM
 #21

Any altcoin is volatile. Pump and dump is normal view of the price in the market.
The main reason why altcoin dump because many people sell it in some point. It because take profit or panic sell. All making the price dump. If the dump is very low, mean like that altcoin is just get pumping and dumping again.
Yes, they become panic when the coins price get lower, and they also sell their coins for gain bitcoin, and their plan is to holding bitcoin due to the price so high than before.
SEMPHITERNAL
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December 09, 2017, 12:01:06 AM
 #22

Any altcoin is volatile. Pump and dump is normal view of the price in the market.
The main reason why altcoin dump because many people sell it in some point. It because take profit or panic sell. All making the price dump. If the dump is very low, mean like that altcoin is just get pumping and dumping again.
Yes, they become panic when the coins price get lower, and they also sell their coins for gain bitcoin, and their plan is to holding bitcoin due to the price so high than before.
They won't think about another coins, they just chase bitcoin, meanwhile ETH seems in preparing on their plan to get higher value, i think it should be considered as good investment too for now.
The price getting dump and now is the good time to invest in some altcoin stuff.
aardvark15
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December 09, 2017, 02:06:27 AM
 #23

Last few days in my mind why coin price dump?I donot understand how we know this coin price pump or dump.So looking to senior trader give me some information and share site (if have).thanks

Some experts at charting markets like the stock market can make educated guesses about the cryptocurrency markets, but they aren’t always right. This recent huge increase in Bitcoin to over $19,000 was probably not predicted by many but it was such a huge increase that I think most of us knew there would be some kind of correction. We just couldn’t tell when it would be.

Those large spikes in price are not sustainable, and there is usually a sell off to take profits. The more you follow the cryptocurrency markets the more you get used to those things happening. But it is still very volatile and unpredictable much of the time.
santieevanz
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December 09, 2017, 02:22:20 AM
 #24

Last few days in my mind why coin price dump?I donot understand how we know this coin price pump or dump.So looking to senior trader give me some information and share site (if have).thanks
I read an article just now about how coin price dump and it says that because of two group of people and the first group are those players who play by artificially increasing the price of the Bitcoin by endorsing or promoting it. The other one, I bet it will be better for you to read the article to find the other group of people.
Here is the link of an article which will give you an answer including the price pump. (https://steemit.com/bitcoin/@tonylondon/how-bitcoin-pumps-and-dumps-work)

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