Whales are starting cashing out...

[spinosaurus]

I may be wrong but I don't have good feeling about this dump. If you look at the chart of global crypto capitalisation, it doesnt look like any other dump during past 3 month.
I am afraid the bubble has started to burst and the newbies buying at highest  price will pay the benefits of the whales who are cashing out.

[Seville]

Just Hedge on your favorite alts.. Gotta have coins in our lives.. say no to Fiat  

[otrkid70]

Pump and Dump. Thats how the whales influence the markets. I wouldn't buy right now you will probably lose a fortune if you do.

[aaron2024]

just look at the trends and charts for most alt coins; the bubble will pop soon, not the best moment to buy!

I think that too. It's hard to believe that hundreds of millions of dollars are moved through alts with almost no substance, every day. I hope people buying now have a backup plan.

[darthmaul]

Agreed. There was big pump and now we are at dump where the price is tarted falling down. However since yesterday night it seems to be very stable and consistent at one dot. This might be a good opportunity buy some bitcoins I guess. As there would be another pump very soon. I have already started investing in it with market research. Whales will also do the same for their own profits.

[spinosaurus]

I am sure many people have made huge profits on crypto last weeks and they want to get their money out. If the downward-stationnary trend lasts several days, it will not go up again soon.
This is my opinion.

[rkat55]

OMG panic time!! NOT.  This is not a bubble bursting. There is no bubble to burst.

Allow me to explain.  Cryptocurrency isn't in a bubble it's simply the beginning of a new phenomenon.  This is simply
natural market progression: Buying/selling  Profit getting/profit taking.

There is far too much behind this market to simply be a bubble that's going to burst and disappear.

One word of advice: Learn how to read charts!

[jason943]

I believe it's not yet time for the bubble to burst. It's just half way in the superbull market.

[bearex]

Yeah, the drop was quite hard, i think it was due to panic and hence panic selling by many people. Now the prices of almost all coins have "bounced" back up, and i think this is just a "return to mean" price. So overall, it was a drop but the price is still higher than the price let's say, about a week ago?

Based on that i think the general trend is rising upwards with some slight bubble pops on the way.

[aoluain]

Yup it starts with the whales and the minnows follow until they are finished cashing
out which is perfect for the whales to buy back at a lower rate which in turn is
followed again by new minnows buying in, Bitcoin showing a nice healthy dollar
value of $2244

The whales might have cashed out but they certainly cashed back in!

[gedor]

First this is not a bubble second prices will fall more third never sell.

[vaddi]

don't you dare pricking your needle in this beautiful bubble

[paramind22]

Marketcap is at 79 billion now.  At the top, it was around 84 billion.