Market is going to dump on you at some point

[Route66Retro]

That's a certainty.

Nothing is certain, but I think a correction is definitely on its way.  With the exception of a couple of alts that I believe will hold their value, I see a big dip coming soon.

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[BitcoinHodler]

That's a certainty.

Nothing is certain, but I think a correction is definitely on its way.  With the exception of a couple of alts that I believe will hold their value, I see a big dip coming soon.

the thing you forgot about altcoin market is that it is pumped so it actually IS certain that they will be dumped. some altcoins will be harder to get dumped because they have attracted so many newbies and they slow the dumping process down and some altcoins which are smaller will get dumped faster.

and also because of it, there are a lot of weak hands in the market and when (what you call) correction happens, there will be a mass panic sells and that will dump the price.

[Idrisu]

That's a certainty.

If you are an amateur traders certainly but a skillful and professional traders I disagree with you. Professional traders don't relay on news and pump for trading but they used technical analysis for entries and exists plan and when to hold trading. Successful traders daily plan and review their trade, their don't just buy and leave the market to decide for them but wisely trade along with trend.

[iram3130]

That's a certainty.

Nothing is certain, but I think a correction is definitely on its way.  With the exception of a couple of alts that I believe will hold their value, I see a big dip coming soon.

After so many pumps, there'll be dumps for sure, who knows may be in many altcoins. Long term holding is the key to success with cryptocurrencies.

[Spoetnik]

..spewin' a whole lot of bullshit i see guys.

Bottom Line:
- There has to be mass dumping.
- Most will be losers.
- Only one way out = dump before the next guy.

I find it forever amusing how all 10 of 10 guys in a room think they are smart and will be the "winner" getting profit.
When it's a mathematical impossibility.

In the ALT scene every trader think he's the smart one..
It doesn't matter what you think though.
It's math.. it's the way of life.

What happens when you go to a casino and pick any game and keep playing ?
You lose ALL your money.

So the only way to prevent this eventual scenario is to dump before the other guy.
Then the domino effect kicks in and there you have it 70% losers and a few break even
and even fewer come away with large profits.

Not sure how the hell you guys can ramble on not grasping this deadly simple concept.
It is the way it is here and how it always will be.
All the talking shit on a forum won't prevent your wallet from getting any lighter  

..your gambling on worthless unregulated shitcoins in a rigged market scene guys.
You'd have better odd's at any regulated and accountable Casino then you would "playing Crypto"
Hell you would have the same or better odd's buying a regulated and accountable lottery ticket.


EDIT:

@iram3130
I agree to an extent (i get what you are saying)
But.. Time is money.
If you bought coins and you missed the chance to dump for profit and it takes another year or two for another chance to even break even then your still taking a loss.
Because your money invested is worth money.
Time = money.
..get what i am driving at ?

Do you all think these two cases are equal ?

- User #1 gets profit in 10 days for $100.
- User #2 gets profit in 100 days for $100.

..meanwhile during that time with your money "tied up"
you could have put the money in any bank and pulled in a minimum guaranteed profit.

[dinofelis]

I find it forever amusing how all 10 of 10 guys in a room think they are smart and will be the "winner" getting profit.
When it's a mathematical impossibility.

That's the essence of a greater-fool game, and all of crypto, bitcoin included, is a greater-fool game.
(apart from those few who use it simply as a means of payment, by quickly obtaining coins, transacting, and selling them).

That said, in a greater fool game, there ARE winners ; they need "adoption" however, to have armies of losers financing their gains ; and they draw in the losers by showing how they can (dream to) be "winners".

It is the core of crypto.  And that's because most if not all crypto is based upon deflationary stuff.
Deflationary stuff is always greater-fool.

[Spoetnik]

..greater-fool game is the correct term for it i guess Dino
You get what i am saying LOL

But i don't think many of these guys get it.
They think it's all up up up.. and nothing but a bright future.

The first guys i seen to pump in the scene were Fontas and Headless etc.
I told headless way back if he killed his cow the gravy train would dry up..
He did !

In other words pumpers don't *usually pump with out dumping again at some point.
Although i think the idea of "pumping" a coin has now turned into a marketing thing almost.
Coin teams now want to have their coins pump and hopefully RETAIN THE VALUE LATER
where as way back pumpers didn't care if they left the coin for dead..
But..
Let's not be fools.. anyone pumping is going to be taking profits.
No one is going to simply pour money into some project with out hoping to realize a return on it *eventually.


EDIT:

For example Butters from Ethereum infamy took a million dollar dump (if not more)
And where did that million dollars come from ? Thin air ? hahahha 

[jeffthebaker]

The Bitcoin pump in 2013 happened because there was an overwhelming consensus that Bitcoin can have real world use some day. That pump dumped, and Bitcoin has since resurrected itself with concrete evidence of real world usage.

Same thing is happening right now. Everyone sees all these wonderful promises and decides that altcoins are going to do big things some day. Well, they currently aren't doing jack shit- so a pump correction is imminent.

[MacT]

 
 Which market do you mean?

 Bitcoin would certainly fall down a good bit if the world suddenly became more stable, but how often has that happened?

 The other coins market is trickier because while it too is in a bubble, many individual coins within it HAVE created new
value with their innovations. The many coins which dont add real tangible value to something WILL fall hardest and fastest

[dbc23]

..greater-fool game is the correct term for it i guess Dino
You get what i am saying LOL

But i don't think many of these guys get it.
They think it's all up up up.. and nothing but a bright future.

The first guys i seen to pump in the scene were Fontas and Headless etc.
I told headless way back if he killed his cow the gravy train would dry up..
He did !

In other words pumpers don't *usually pump with out dumping again at some point.
Although i think the idea of "pumping" a coin has now turned into a marketing thing almost.
Coin teams now want to have their coins pump and hopefully RETAIN THE VALUE LATER
where as way back pumpers didn't care if they left the coin for dead..
But..
Let's not be fools.. anyone pumping is going to be taking profits.
No one is going to simply pour money into some project with out hoping to realize a return on it *eventually.


EDIT:

For example Butters from Ethereum infamy took a million dollar dump (if not more)
And where did that million dollars come from ? Thin air ? hahahha 

Well put.  I think a good example of this at the moment would be something like Bela.  There's a fund and developers trying to monetize it and create a useful platform for it to extend beyond just trading.  That said, if you watch it's charts for the past weeks it's getting artificial support during dumps to keep the price from dropping below a threshold limit, and hence has been very stable.  It's probably a safe bet that Ambia is ponying up much of those BTC to do so. 

With that in mind though, it's POSSIBLE (perhaps not plausible) that some of these new ventures (for Bela their instagram competitor) will gain some level of adoption.  It will be in common adoption of these coins that money could be made outside the spec trading markets.  There's definitely very real opportunity for long term profits, and it's also very likely that blockchain currency will play a major role in 21st century economics, but right now it's pretty much blind horse betting.

[BartS]

That's a certainty.

I do not know what is the point of the thread, of course the market changes and at some point we are going to be on the losing side, that is nothing new and it is common sense.

[densuj]

Market is always on condition dump and pump, that is fact of markets but we can not blame the markets
because we are losing bitcoin or not getting profit from trading, we just need follow the markets and find the trend of price, the markets is going dump is mean stop trading and the markets is going pump is mean start trading.

[marketone]

That's a certainty.

Nothing is certain, but I think a correction is definitely on its way.  With the exception of a couple of alts that I believe will hold their value, I see a big dip coming soon.

After so many pumps, there'll be dumps for sure, who knows may be in many altcoins. Long term holding is the key to success with cryptocurrencies.

It is completely common in every trading industry because there will be always pumps and dumps, but in choosing the best is very hard to find then you will make lot money through Crypto Currency. At the same you have wait patiently until your turns comes.

[emezh10]

Yeah and i guess we cant do anything about that becaude that is the circulation and the system of the market that how it work we just need to follow what is happening in the market in order to earn or multiply our bitcoin in a trading system.

[kubricktrader]

This is the time to get out of big cap coins. I truest believe they are overbought right now. NEM worth 1 billion is a joke, who even uses it?

Small caps with lots of potential will weather any dump.

[coynedterm]

Yeah and i guess we cant do anything about that becaude that is the circulation and the system of the market that how it work we just need to follow what is happening in the market in order to earn or multiply our bitcoin in a trading system.

Totally true , Because in my opinion the dump or rise in the market of the altcoins doesn't results into the increase or decrease in.the market of anything like altcoins trading or even bitcoin trading Because there are many numbers of the peoples who always works at the internet with bitcoin for Thier living , so they can't stop Their work and with small effect of the price people will continue Thier work of the trading and buy and also other business that they were doing .
So here overall in my opinion Everything is going fine and this is not the first time that is happening with the bitcoin ,. this is the beauty fo the bitcoin to fall and up the price .

[Herbert2020]

The Bitcoin pump in 2013 happened because there was an overwhelming consensus that Bitcoin can have real world use some day. That pump dumped, and Bitcoin has since resurrected itself with concrete evidence of real world usage.

Same thing is happening right now. Everyone sees all these wonderful promises and decides that altcoins are going to do big things some day. Well, they currently aren't doing jack shit- so a pump correction is imminent.

bitcoin price was pumped back in 2013 because there was only one big exchange called Mt Gox which controlled all the bitcoin trading volume. it had nearly 75% to 80% of the market volume.

(sounds familiar doesn't it, Poloniex having same share of the volume in altcoins)

yeah the thought of bitcoin being a real word currency could have affected the price but not as the main reason. the difference however is that even back then there was a lot of real world usage for bitcoin.

but it has never been true about any of the altcoins, most of the top altcoins in lists are centralized anyways!

as i always say, people are in denial during the pumps and as long price is high. and when it drops they start panicking and the sells starts catastrophically.
same thing is true about bitcoin too, when it rises too fast, it will drop. but the difference is that bitcoin is going to be bought back again because it has a good future and still has real world usage but not altcoins. the dump will kill most of them and the bigger ones will go back to low prices and stay there until a long time to get pumped again.

[groko271]

If an alt coin which is developed with a good concept (there is a few)  is massively dumped,  the long termers will sweep the blood of the floor and fill their bags. .. .. and wait out another year.

There is some worrying posts about this section of the board though, by newbies looking for the rainbow leading to a pot of gold.

Meh.

[arbitrage]

And when dump happens then what, we can forget for all altcoins and buy only Bitcoin and this is it? I refuse to believe this can happen. This is to good for making money and it will stay in endless loop, buy sell pump dump. You only need to be smart when to join and when to exit.

[Ayers]

And when dump happens then what, we can forget for all altcoins and buy only Bitcoin and this is it? I refuse to believe this can happen. This is to good for making money and it will stay in endless loop, buy sell pump dump. You only need to be smart when to join and when to exit.

if they dump now they will re enter later and another pump will start, it's always like that in crypto never stable value, we are accustomed to that, what can make this true is that the one who get the money one time will lose it the next round and the one who lose the first one will make it in the second and so on, endless loop of pump and dump like you said, where few people will take huge profit all the other are playign a sum zero game lol