spinosaurus
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Activity: 23
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May 26, 2017, 02:37:13 PM |
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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.
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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Seville
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May 26, 2017, 02:38:09 PM Last edit: August 30, 2017, 05:13:53 PM by Seville |
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Just Hedge on your favorite alts.. Gotta have coins in our lives.. say no to Fiat
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otrkid70
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May 26, 2017, 02:38:16 PM |
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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.
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aaron2024
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May 26, 2017, 02:43:00 PM |
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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.
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darthmaul
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May 26, 2017, 02:43:30 PM |
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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.
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spinosaurus
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May 26, 2017, 02:55:52 PM |
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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.
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rkat55
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May 26, 2017, 03:17:23 PM |
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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!
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jason943
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Activity: 84
Merit: 10
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May 29, 2017, 03:15:34 AM |
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I believe it's not yet time for the bubble to burst. It's just half way in the superbull market.
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bearex
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May 29, 2017, 05:49:16 PM |
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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.
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aoluain
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Activity: 2240
Merit: 1255
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May 29, 2017, 10:17:23 PM |
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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!
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gedor
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May 29, 2017, 10:31:36 PM |
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First this is not a bubble second prices will fall more third never sell.
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vaddi
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May 30, 2017, 07:41:21 AM |
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don't you dare pricking your needle in this beautiful bubble
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paramind22
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May 30, 2017, 07:45:53 AM |
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Marketcap is at 79 billion now. At the top, it was around 84 billion.
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