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Author Topic: If BTC gets a Dump  (Read 2901 times)
shamzblueworld (OP)
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May 01, 2017, 04:59:34 AM
 #1

What will happen to all the altcoin if Bitcoin experiences a big dump? For example lets say BTC price goes under $500 or even $200, how it will affect the prices of altcoin? Will one or two top crypto currencies at marketcap like Ethereum, Litecoin or Dash will take over and become the number one crypto currency and have higher value than bitcoin? Or do all the altcoin also fall with bitcoin?
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May 01, 2017, 05:09:48 AM
 #2

Good question.

There isn't a direct correlation. So if Bitcoin goes one direction you won't alway see all or any one alt coin go a specific direction as a result. We need to talk in possibilities.

First, some alt coins might see a boost. But this only applies to the select few best of the alt coins. Ethereum and Litecoin are the best next options. I'll confess that I don't know much about Dash but it could be equally high on the alternative list.

Second, some alt coins might also see a drop. We've got a lot of simultaneous growth going on now...which eventually encourage people to "lock in some gains." Meaning, after a good run, people sell to reclaim their investment, to ensure they've taken advantage of the run, because they think the run is over, etc.

Third, why not buy more bitcoin if the price takes a hit? What I'm really getting at is focus on the "fundamentals" of the coin and the climate. Playing what you think are trends is rather foolish in investing, and outright insane in the cryptocurrency industry. There's just zero information that can be used to prescribe future cryptocoin activity.

Last, I don't think another coin will take over for Bitcoin. If Bitcoin dies the alts will go with it, the concept will have failed. The only potential survivor is Ethereum, which isn't a coin or open currency and it's future is based on the success of businesses (A) using blockchain technology for their business and (B) the desire of these businesses to not write their own blockchain-based platform (which is the core product Ethereum provides).
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May 01, 2017, 05:25:33 AM
 #3

it's pretty clear that the money would move to altcoin, you see the  last dump caused a spike in all the big alt like etheruem and dash, this time won't be different

besides i don't think the value will ever go below 1/4($300-350) of what it is know, because it would be under the electricity cost of the miners, miners will pump the coin long before it happen
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May 01, 2017, 05:29:21 AM
 #4

What will happen to all the altcoin if Bitcoin experiences a big dump? For example lets say BTC price goes under $500 or even $200, how it will affect the prices of altcoin? Will one or two top crypto currencies at marketcap like Ethereum, Litecoin or Dash will take over and become the number one crypto currency and have higher value than bitcoin? Or do all the altcoin also fall with bitcoin?

I this is totally waste  to think for us because it can be happen , since everything is possible in This world  but reality behind this is that people are daily investing in the bitcoin and demand supply are tends to down .
Since it may happen if every country declare it as useless and ban it to use ( but this is also impossible ) .
Now let us assume price goes down to 200$ then nothing will gone wrong Because every old bitcoiners knows that what the bitcoin is and how can we get Profit , here at this condition bitcoiners will buy bitcoin for future and people will start to make trade at low price rate but Thier budget will not get changed , So with small problem of week , Everything will go smoothly .
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May 01, 2017, 05:34:27 AM
 #5

As one of the mate quoted it's clear that a small user base moves towards the altcoins community. Same situation that happened in the past price dump that happened due to the support gained on BU. At that moment a lot users invested in altcoin and the same started retuning back when once again bitcoin retained the sudden fall.

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May 01, 2017, 05:35:50 AM
 #6

it's pretty clear that the money would move to altcoin, you see the  last dump caused a spike in all the big alt like etheruem and dash, this time won't be different

I agree i also observed that whenever Bitcoin goes down, altcoins increase in price specially those that Amph mention.  This happen because bitcoin holder tends to divert or take the chance to make profit from altcoin since history shows that altcoin increase in price whenever Bitcoin price crash.


besides i don't think the value will ever go below 1/4($300-350) of what it is know, because it would be under the electricity cost of the miners, miners will pump the coin long before it happen

or possibly miners will move  to  more profitable altcoins abandoning Bitcoin mining if they cannot push the price up and it keep on crashing.
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May 01, 2017, 05:57:13 AM
 #7

I'm not thinking of dump scenario at the moment, right now I'm enjoying the price hike.

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May 01, 2017, 06:23:04 AM
 #8

Good question.

There isn't a direct correlation. So if Bitcoin goes one direction you won't alway see all or any one alt coin go a specific direction as a result. We need to talk in possibilities.

First, some alt coins might see a boost. But this only applies to the select few best of the alt coins. Ethereum and Litecoin are the best next options. I'll confess that I don't know much about Dash but it could be equally high on the alternative list.

Second, some alt coins might also see a drop. We've got a lot of simultaneous growth going on now...which eventually encourage people to "lock in some gains." Meaning, after a good run, people sell to reclaim their investment, to ensure they've taken advantage of the run, because they think the run is over, etc.

Third, why not buy more bitcoin if the price takes a hit? What I'm really getting at is focus on the "fundamentals" of the coin and the climate. Playing what you think are trends is rather foolish in investing, and outright insane in the cryptocurrency industry. There's just zero information that can be used to prescribe future cryptocoin activity.

Last, I don't think another coin will take over for Bitcoin. If Bitcoin dies the alts will go with it, the concept will have failed. The only potential survivor is Ethereum, which isn't a coin or open currency and it's future is based on the success of businesses (A) using blockchain technology for their business and (B) the desire of these businesses to not write their own blockchain-based platform (which is the core product Ethereum provides).

i like every possibilities you've made and it could be happen if bitcoin price is drop but i don't think people which involve in bitcoin industry will let this happen because they don't want to see their investment is going to down without they don't make something to make bitcoin still survive. maybe ethereum have the chance to survive than the other coins like you said but still it needs more people to get involve in ethereum and ethereum and ethereum developer needs to reunite again to continue the same project.

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May 01, 2017, 06:35:50 AM
 #9

What will happen to all the altcoin if Bitcoin experiences a big dump? For example lets say BTC price goes under $500 or even $200, how it will affect the prices of altcoin? Will one or two top crypto currencies at marketcap like Ethereum, Litecoin or Dash will take over and become the number one crypto currency and have higher value than bitcoin? Or do all the altcoin also fall with bitcoin?


price of anything is simply based on supply and demand. however in short term this can change and price can go up and down due to temporary effects.

bitcoin has that demand and it is rising, so there is no reason for it to go down drastically like what you suggest and certainly any drop would be much smaller and for a short period of time. and demand for bitcoin is different types of demand since it is both an investment and a currency.

now this supply and demand rule exists for altcoins too. but the demand for altcoins is only one kind of demand and that is traders buying them to make profit short term from the pumps. this means these altcoins can not survive in long term as the history has proved many times with many altcoins.
although i should add that there are altcoins with real usages, such as Monero and Litecoin but that has always been small and that is the reason for these coins to live this long.
the fact of the matter is, many of these altcoins (like etehrum) are not even suitable to be used as a currency and have numerous problems that will only be intensified if they become more used.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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May 01, 2017, 06:35:58 AM
 #10

Maybe, depending on demand users. if the btc price falls while the eth rises, it indicates there is a very large transfer $ from btc to eth, but if many people sell btc to $, then price ethereum with btc will increase. Depending on $ that supplies altcoin.

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May 01, 2017, 06:40:34 AM
 #11

As i observed and other trader have ovserved  times when bitcoins get a price dump altcoins particularly big altcoins like ether dash and ltc pumps price like what happened to dash and eth last month when bitcoins pruce dump at 800$ from 1100$ mark

 
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May 01, 2017, 06:47:55 AM
 #12

What will happen to all the altcoin if Bitcoin experiences a big dump? For example lets say BTC price goes under $500 or even $200, how it will affect the prices of altcoin? Will one or two top crypto currencies at marketcap like Ethereum, Litecoin or Dash will take over and become the number one crypto currency and have higher value than bitcoin? Or do all the altcoin also fall with bitcoin?


The answer would depend on the reason of the dump.

1. If Bitcoin is dumped due to a critical technical issue which threatens Bitcoin's stance as a robust crypto (like finding a critical bug in protocol/code), the market would certainly move to a worthy successor (<put your favourite altcoin here>). In that case Bitcoin as well go to $1 instead of $200.

2. If it is due to the liquidity in market or just pure manipulation by whales, it will affect all altcoins also. But this will be temporary and Bitcoin will rise again in near future.

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May 01, 2017, 07:05:12 AM
 #13

What will happen to all the altcoin if Bitcoin experiences a big dump? For example lets say BTC price goes under $500 or even $200, how it will affect the prices of altcoin? Will one or two top crypto currencies at marketcap like Ethereum, Litecoin or Dash will take over and become the number one crypto currency and have higher value than bitcoin? Or do all the altcoin also fall with bitcoin?

If bitcoin price dumps then it would be a good news for the potential investors and traders and also in altcoins because you can buy a lot of cheap bitcoins and it will be easy for the people in the altcoin market to pump their coin because they can buy bitcoin for a very lower price and they will surely put it on altcoins and it will drive the altcoin prices crazy.
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May 01, 2017, 07:13:22 AM
 #14

What will happen to all the altcoin if Bitcoin experiences a big dump? For example lets say BTC price goes under $500 or even $200, how it will affect the prices of altcoin? Will one or two top crypto currencies at marketcap like Ethereum, Litecoin or Dash will take over and become the number one crypto currency and have higher value than bitcoin? Or do all the altcoin also fall with bitcoin?



Your question is too impossible to be happen it maybe drop the price value but not the price you are talking about in between 500$ or 200$, And if ever that happens it maybe also that some of the altcoin will increase again while bitcoin is dropping down the value but doesn't they can over take the price of bitcoin and can replace the position of bitcoin.
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May 01, 2017, 07:42:18 AM
Last edit: May 01, 2017, 07:56:32 AM by JeffBrad12
 #15

What will happen to all the altcoin if Bitcoin experiences a big dump? For example lets say BTC price goes under $500 or even $200, how it will affect the prices of altcoin?
You must understand if the real value of altcoin pegged to the price of bitcoin. If the bitcoin gets down for a lot and it will make the altcoin price stressed.
So, most of the altcoins are using the price of bitcoin as a root.

Will one or two top crypto currencies at marketcap like Ethereum, Litecoin or Dash will take over and become the number one crypto currency and have higher value than bitcoin?
I don't think so, but i can it's possible for ethereum to take over the bitcoin's place in the future regarding its development and community growth.
Or do all the altcoin also fall with bitcoin?
If some altcoins are not trying to keep his price will be stable with pump and it makes altcoin price goes down a lot.

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May 01, 2017, 07:47:43 AM
 #16

All this time I believe that altcoins price is inversely proportional to the price of bitcoin just like a pair in forex. If bitcoin value goes up, altcoin value goes down and vice versa. But recently, when bitcoin value was pushing up, some altcoins are also surging up. I guess altcoin price is not correlated with bitcoin's price.
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May 15, 2017, 02:33:56 PM
 #17

Do you explain about btc price 1700 dollar. Will the decline continue???
or will rise up 2000???
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May 15, 2017, 04:57:50 PM
 #18

Two scenarios, in the first one, people would panic, all altcoins would drop also because people would sell them for BTC. Bitcoin transactions would take days, as everyone was trying to send them to cash them out for dollars. Massive drop.
Second one, people would buy other coins and sell their BTC because of the dump, so it would just fall down on the market cap ladder, and another coin would take it's place. Prices of altcoins would rise because people would buy them with their BTC money.
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May 15, 2017, 05:05:58 PM
 #19

We're not far away from this. Actually it's happening.
It's a matter of one week or two maybe.

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May 15, 2017, 05:06:38 PM
 #20

I believe the era of $500 Bitcoin price is long gone, if BTC dumped hard, the Altcoin market will surely follow because the economy of most of this coins depend on the success of BTC
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May 15, 2017, 06:00:39 PM
 #21

it's pretty clear that the money would move to altcoin, you see the  last dump caused a spike in all the big alt like etheruem and dash, this time won't be different

besides i don't think the value will ever go below 1/4($300-350) of what it is know, because it would be under the electricity cost of the miners, miners will pump the coin long before it happen
I am sorry but I disagree a bit. Ethereum started growing big time in price at the beginning of March. Bitcoin was already above $1k which was more than okay for it at that time. 25-th of March - bitcoin falls to $900. Nevertheless, ethereum was already pumping at that time for a few weeks. The next big change in price of ethereum was at the end of April (25-30th of April). At that time bitcoin was also experiencing a major pump.
To sum up, no strict correlation here.

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May 16, 2017, 02:13:12 AM
 #22

BTC maybe dump,but it is not possible to death.
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May 17, 2017, 05:37:11 PM
 #23

This week BTC dominance move below 50% of the marketcap for the first time thanks to Ripple pump, I believe 99% of these Altcoins will die first before BTC.
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May 17, 2017, 06:29:32 PM
 #24

This week BTC dominance move below 50% of the marketcap for the first time thanks to Ripple pump, I believe 99% of these Altcoins will die first before BTC.

HaH nice prediction mate. Yeah Ripple has been pump and will soon burst.  And we don't blame investors going back to btc again. We knew that its just a matter of time before the ripple bubble will end and they will look for another coin to pump again. That is the life cycle of this alt coins, and soon they will be dead 99% of the time. And yes, they will die before btc.
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May 17, 2017, 09:21:49 PM
 #25

If BTC gets dumped bellow 500$ I think all alts will experience some kind of growth. Maybe the top ones more than the others but most likely everything in the top 50 will be in the green for at least a week. Safe to say this will never happen however. Aside from polo scamming out and dumping all BTC they stole from their users on other exchanges.

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May 18, 2017, 05:50:21 AM
 #26

If BTC gets dumped bellow 500$ I think all alts will experience some kind of growth. Maybe the top ones more than the others but most likely everything in the top 50 will be in the green for at least a week. Safe to say this will never happen however. Aside from polo scamming out and dumping all BTC they stole from their users on other exchanges.
I think there will be a coin cap more than the market value of bitcoin, so this is impossible.
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May 18, 2017, 09:36:40 AM
 #27

We're not far away from this. Actually it's happening.
It's a matter of one week or two maybe.

Why do you think BTC will get dumped?
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May 18, 2017, 09:01:07 PM
Last edit: May 18, 2017, 09:18:42 PM by Barbarian
 #28

What will happen to all the altcoin if Bitcoin experiences a big dump? For example lets say BTC price goes under $500 or even $200, how it will affect the prices of altcoin? Will one or two top crypto currencies at marketcap like Ethereum, Litecoin or Dash will take over and become the number one crypto currency and have higher value than bitcoin? Or do all the altcoin also fall with bitcoin?

For bitcoin to lose that much value something really bad needs to happen so I think all other other crypto are going to suffer as well at least that is what I think.
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May 18, 2017, 09:16:57 PM
 #29

What will happen to all the altcoin if Bitcoin experiences a big dump? For example lets say BTC price goes under $500 or even $200, how it will affect the prices of altcoin? Will one or two top crypto currencies at marketcap like Ethereum, Litecoin or Dash will take over and become the number one crypto currency and have higher value than bitcoin? Or do all the altcoin also fall with bitcoin?

For bitcoin to lose that much value something really bad needs to happen so I think all other other crypto are going to suffer as well at least that is what I thin.

That is right. The bitcoin price will not drop a lot unless a big bug is found.

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May 22, 2017, 05:59:00 AM
 #30

Most of these Altcoins are doing well because Bitcoin is healthy and all of them will love to be in BTC position, the daily trading volume of BTC for some days now is over $1 billion, do you think any Altcoins can command this huge liquidity.
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May 22, 2017, 06:08:59 AM
 #31

it's pretty clear that the money would move to altcoin, you see the  last dump caused a spike in all the big alt like etheruem and dash, this time won't be different

besides i don't think the value will ever go below 1/4($300-350) of what it is know, because it would be under the electricity cost of the miners, miners will pump the coin long before it happen
I am sorry but I disagree a bit. Ethereum started growing big time in price at the beginning of March. Bitcoin was already above $1k which was more than okay for it at that time. 25-th of March - bitcoin falls to $900. Nevertheless, ethereum was already pumping at that time for a few weeks. The next big change in price of ethereum was at the end of April (25-30th of April). At that time bitcoin was also experiencing a major pump.
To sum up, no strict correlation here.

That seems to be the case I've found as well. If anything, there's a stronger correlation in alts pricing up in tandem with BTC - which only makes sense since alts are traded chiefly with BTC.

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May 22, 2017, 06:10:08 AM
 #32

What will happen to all the altcoin if Bitcoin experiences a big dump? For example lets say BTC price goes under $500 or even $200, how it will affect the prices of altcoin? Will one or two top crypto currencies at marketcap like Ethereum, Litecoin or Dash will take over and become the number one crypto currency and have higher value than bitcoin? Or do all the altcoin also fall with bitcoin?


I think it is impossible for BTC to go under $500 or $200, but if ever it'll reach that amount probably some of the altcoins would suffer; some would go up and some would go down. It actually depends, because these Altcoins also depends on the price value of Bitcoin.
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May 22, 2017, 09:28:23 AM
 #33

It depend on how this dump is served. In case of any disaster this can be very unpleasant for all coins. In case of soft dump 10 to 30% of BTC value nothing will happen, we all are accustomed to this variations. BTC slowly loosing it's connection with alts..This is actually good for all.
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May 22, 2017, 12:35:53 PM
 #34

I'm not thinking of dump scenario at the moment, right now I'm enjoying the price hike.
i agree with your opinion, now we just could enjoy the price high moment although i only have little bitcoin....😃
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May 22, 2017, 12:42:59 PM
Last edit: May 22, 2017, 01:01:51 PM by phr0stbyt3
 #35

That doesn't even matter now. Bitcoin is now known wotldwide and after this wannacry attack it has gain more popularity so it is obvious a price fall wouldn't occur even if something like that happens people will quickly start buying which is again lead a increase in price. And it is obvious no one is going left this low price opportunity
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May 22, 2017, 01:29:20 PM
 #36

I dont think BTC will ever get dump. Not now or in the near future. There are downs but it will definitely rebound and downs are just a part of the market. So being dumped is still far from happening.
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May 24, 2017, 10:01:09 AM
 #37

I dont think BTC will ever get dump. Not now or in the near future. There are downs but it will definitely rebound and downs are just a part of the market. So being dumped is still far from happening.

This is not true, this whole world is built on manipulations and is corrupted to the core. In such environment you can expect everything, do not get too accustomed to this win win situation.  Or a lest stop dreaming about better world without fight for it. One good news from mainstream medias can be used for major crash, this can decimate altcoins.
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May 29, 2017, 03:43:41 AM
 #38

I dont think BTC will ever get dump. Not now or in the near future. There are downs but it will definitely rebound and downs are just a part of the market. So being dumped is still far from happening.


Sorry your prediction was wrong. BTC was dumped so hard these days. But I believe it will go up again soon.

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May 29, 2017, 06:28:08 AM
 #39

What will happen to all the altcoin if Bitcoin experiences a big dump? For example lets say BTC price goes under $500 or even $200, how it will affect the prices of altcoin? Will one or two top crypto currencies at marketcap like Ethereum, Litecoin or Dash will take over and become the number one crypto currency and have higher value than bitcoin? Or do all the altcoin also fall with bitcoin?

Bitcoin is currently serving as gold standard for others coins. If it fill below $500 then I expect other altcoins such as ripple, litecoin and eth to fell along side because bitcoin is the major reasons why there are being trade. Most of altcoins has there escrow in bitcoin and if it reduces in value it affects others coins.
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May 29, 2017, 07:09:35 AM
 #40

What will happen to all the altcoin if Bitcoin experiences a big dump? For example lets say BTC price goes under $500 or even $200, how it will affect the prices of altcoin? Will one or two top crypto currencies at marketcap like Ethereum, Litecoin or Dash will take over and become the number one crypto currency and have higher value than bitcoin? Or do all the altcoin also fall with bitcoin?


Generally what we have seen in the past is that when bitcoin gets dumped all the altcoins gets dumped as well, and the price actually decreases more than bitcoin. If you were looking at charts when this correction happened a day ago then you would have found that bitcoin dominance increased from 45% to 51% in very very little time, meaning that most of altcoins got dumped hard.

What will happen to all the altcoin if Bitcoin experiences a big dump? For example lets say BTC price goes under $500 or even $200, how it will affect the prices of altcoin? Will one or two top crypto currencies at marketcap like Ethereum, Litecoin or Dash will take over and become the number one crypto currency and have higher value than bitcoin? Or do all the altcoin also fall with bitcoin?

Bitcoin is currently serving as gold standard for others coins. If it fill below $500 then I expect other altcoins such as ripple, litecoin and eth to fell along side because bitcoin is the major reasons why there are being trade. Most of altcoins has there escrow in bitcoin and if it reduces in value it affects others coins.

Actually ripple has a very negative correlation with ripple. Ethereum though usually heads the way bitcoin goes.
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May 29, 2017, 07:34:57 AM
 #41

The rising of alts price is the one i see if bitcoins would surely dump so hard since im sure that people would go again to trade their favorite coins in certain exchange and this time will surely be the time that exchangers are most like alive on great trades ahead unlike those past days if you noticed that the top 100 coins in coinmarketcap are on red state and maybe that is due to bitcoins uprising and people selects to withdraw their alts to exchange in btc so that they have balance to stake on that high surge.

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May 29, 2017, 07:37:09 AM
 #42

I dont think BTC will ever get dump. Not now or in the near future. There are downs but it will definitely rebound and downs are just a part of the market. So being dumped is still far from happening.


Sorry your prediction was wrong. BTC was dumped so hard these days. But I believe it will go up again soon.

In this day bitcoin gets bounce, the price is always get pump and dump. It will increase again but no one know about the exact date of it. It will touch the new ATH in the future. The dump and pump just a rules to play in crypto.
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June 08, 2017, 01:30:00 PM
 #43

Don't be scared. I I think BTC will break $3000 very soon.

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