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shamzblueworld (OP)
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May 09, 2017, 08:12:59 AM |
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Seeing all the red at polo, it seems like the altcoin bubble has finally been popped as expected of course.
Would you be waiting for the price to settle or buying into your favorites alts right now?
What alts were you been waiting to get dumped to buy?
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cwick
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Activity: 30
Merit: 0
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May 09, 2017, 08:24:14 AM |
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i dunno.....its weird. ive never seen anything like it
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NorrisK
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Activity: 1946
Merit: 1007
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May 09, 2017, 08:29:08 AM |
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It hasn't popped yet.. The price simply dropped because BTC is rising. It always happens and the drop is usually bigger than the gained value from BTC price rise.
The coins are already correcting, so it may be a buy opportunity to make 10% or so.
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loreRex
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May 09, 2017, 08:53:41 AM |
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Bitcoin rises, alts maintain the same value in dollar, so they go down with respect to BTC, plus panic sell.
So it's normal.
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bearex
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May 09, 2017, 09:21:30 AM |
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Bitcoin rises, alts maintain the same value in dollar, so they go down with respect to BTC, plus panic sell.
So it's normal.
Partly true. I think most of them also dropped in dollar value, despite the higher price of BTC, so that means the altcoin-BTC price also dropped. But i also think that this is frequent when BTC is on the rise. |
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pedrog
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Activity: 2786
Merit: 1031
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May 09, 2017, 09:35:21 AM |
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Be careful, don't fall in the bear trap, if you aren't green don't panic sell, this bull run isn't over yet, but you may want to reduce your alt exposure on the rebound.
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tehMoonwalker
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May 09, 2017, 10:09:59 AM |
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Now is buy time i love market panic  |
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olushakes
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May 09, 2017, 02:39:45 PM |
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Seeing all the red at polo, it seems like the altcoin bubble has finally been popped as expected of course.
Would you be waiting for the price to settle or buying into your favorites alts right now?
What alts were you been waiting to get dumped to buy?
I am equally waiting for the dump in other to buy because as someone who has been here for a while, one must not just buy when the momentum is high or else you find yourself to blame especially when it comes to alt that there are no traceable reason why there is increase in the price in the first instance. So, my eyes are on few alt which include ZCL, ETH for now. |
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Ctstrphy
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May 09, 2017, 02:47:06 PM |
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BTC just hit the $1,700 mark. It should be expected since most people would like to cash in their profits, mostly selling their altcoins to BTC. I advise to keep your alts, panic buying would be over in a while.
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Adelajda
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May 09, 2017, 03:05:27 PM |
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BTC just hit the $1,700 mark. It should be expected since most people would like to cash in their profits, mostly selling their altcoins to BTC. I advise to keep your alts, panic buying would be over in a while.
Do you think that people will panic even when the price of bitcoin is at an all time high and do you think people would invest more in it by selling off alts,i am not sure how much time it will take for the alts to recover.lets see how much they will go down and will decide after that on what to do with it. |
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The Sceptical Chymist
Legendary
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Merit: 6796
Cashback 15%
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May 09, 2017, 03:14:53 PM |
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The only ones I watch are dash and doge, and they're down just a little. Bubble deflated a little, maybe, but hasn't popped.
Meanwhile, bitcoin is over $1700. Crazy!!
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Caladonian
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May 09, 2017, 03:18:20 PM |
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The only ones I watch are dash and doge, and they're down just a little. Bubble deflated a little, maybe, but hasn't popped.
Meanwhile, bitcoin is over $1700. Crazy!!
yeah right bitcoin really make a huge pumped and what next to happen is that those who already got a good earnings from the alts that they are supporting already converting it to bitcoin making it sure that they can sell it and exchange it in a much bigger fiat value. |
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Stell
Newbie
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Activity: 42
Merit: 0
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May 09, 2017, 05:20:59 PM |
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Seeing all the red at polo, it seems like the altcoin bubble has finally been popped as expected of course.
Would you be waiting for the price to settle or buying into your favorites alts right now?
What alts were you been waiting to get dumped to buy?
The Bubble is popping right now ! It's not done. |
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RentGPU
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May 09, 2017, 05:25:08 PM |
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It's just a market correction point + btc raise and it happened before alot even more aggressive than this one ,only those who panic loss in this situation .
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2016 GPU Miner
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Stell
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May 09, 2017, 05:27:09 PM
Last edit: May 09, 2017, 06:45:44 PM by Stell |
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The only ones I watch are dash and doge, and they're down just a little. Bubble deflated a little, maybe, but hasn't popped.
Meanwhile, bitcoin is over $1700. Crazy!!
yeah right bitcoin really make a huge pumped and what next to happen is that those who already got a good earnings from the alts that they are supporting already converting it to bitcoin making it sure that they can sell it and exchange it in a much bigger fiat value. Yup people are selling Alts pushing Bitcoin up ! Right on. I wonder how high Bitcoin will go considering the market cap in Alts. Any guesses ? |
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Stell
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May 09, 2017, 05:35:37 PM |
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You mean still popping ! Give it a few days people will realize when Alts don't reach the old high. Look at XRP it was 22cents now 16 and a half but it hasn't gone back up to 22. |
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Zegra
Member
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Activity: 112
Merit: 10
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May 09, 2017, 05:40:33 PM |
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That's because of the Poloniex problems. A correction from 22 cents to 16 cents is not a crash when you realize we were only at 10 cents 5 days ago
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Bowtiesarecool
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May 09, 2017, 05:41:05 PM |
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Give it a few days, market will correct itself again. STEEM is already rallying up. Other coins will too, besides there are a couple of alt that have real world values. As long as something has value, there will always be a price to it
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JerryWinski
Member
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Activity: 110
Merit: 10
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May 09, 2017, 06:08:47 PM |
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Give it a few days, market will correct itself again. STEEM is already rallying up. Other coins will too, besides there are a couple of alt that have real world values. As long as something has value, there will always be a price to it
I agree in a few days we will be seeing green again. The reason everything went south was two fold. 1 polo problems and 2 BTC rising fast. |
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