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Author Topic: Why is everything red again  (Read 2561 times)
kryptqnick
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May 29, 2017, 08:21:53 AM
 #1

Okay, so a few days ago (this Saturday) we have seen a terrible picture on coinmarketcap, for all the currencies were red (the price went down and so did capitalization). I thought the reason was coinbase and some big technical issues there. Yesterday everything was slowly getting back to normal. Almost all of the currencies went 'green'. Why is everything red again? Is it really some big problems with altcoins? Is it the end of big pump? Or maybe it is just the continuation of unexperienced panic sellers that started 2 days ago?


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dady12
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May 29, 2017, 09:12:03 AM
 #2

I am also thinking about this and the way every altcoin get red but I think this normally happen every week end most and I also think this can be as a result of panic seller which make the market unstable,maybe today we will see all altcoin become green again and we should be expecting some kind of pump coming soon for all altcoin ,so it is a good idea to buy  some cheap coins now and sell high later when they get pump
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May 29, 2017, 11:25:12 AM
 #3

Coin marketcap's gainer/loser status is based on a 24 hour day, so if the coins are under what they were trading 24 hours ago, or bitcoin rises more than the altcoin does, it will show the altcoin went down, since the percentages are based on the relative price to bitcoin.
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May 29, 2017, 12:27:04 PM
 #4

Okay, so a few days ago (this Saturday) we have seen a terrible picture on coinmarketcap, for all the currencies were red (the price went down and so did capitalization). I thought the reason was coinbase and some big technical issues there. Yesterday everything was slowly getting back to normal. Almost all of the currencies went 'green'. Why is everything red again? Is it really some big problems with altcoins? Is it the end of big pump? Or maybe it is just the continuation of unexperienced panic sellers that started 2 days ago?

Monero is up by 10%.
I guess people will be more cautious what to buy now. Lots of new people come to crypto last few months. They are not used of corrections. They also started reading where they put their money and lost over night 40%.

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May 29, 2017, 12:30:51 PM
 #5

Not just all bro, ad also partly up


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May 29, 2017, 12:32:30 PM
 #6

Events like that lately often happen altcoin many of which go down the value so often red even just altcoin btc also experienced the same thing, In my opinion too so many sellers are panicked so that the market price is unstable even often decrease in appeal price increase.

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May 29, 2017, 12:43:05 PM
 #7

1) Bitcoin is volatile
2) Altcoins are even more volatile
3) Many newcomers came into the market(s)
4) Panic selling (every friday, now bigger and longer)

And did I already mention the coins are volatile?

Don't panic, look to the big picture here. Now there are red numbers (although there are green numbers also), another time there are green ones. Don't look at one single day or a single week, look at the charts and you will see a high volatility but in the long run a steady rise.
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May 29, 2017, 12:45:39 PM
 #8

Yup. The market is weak right now. I think because of the season. This is summer season. I think this affects the market movement. Not only altcoins are dumping but also bitcoin. But this time is good tho. More cheaper altcoin to buy. But only buy only 50% of your capital because its not stable yet.

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brobbel
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May 29, 2017, 12:59:28 PM
 #9

Yup. The market is weak right now. I think because of the season. This is summer season. I think this affects the market movement. Not only altcoins are dumping but also bitcoin. But this time is good tho. More cheaper altcoin to buy. But only buy only 50% of your capital because its not stable yet.

To add:

Buy only so much as you are prepared to loose. If you can't loose it, don't do it.
That's one of the basics for investments in general, but for this volatile investments it is even more applicable.
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May 29, 2017, 01:24:52 PM
 #10

as many have been warning for the past 2 weeks the altcoin market is in a gigantic bubble and this bubble is bursting. and with that comes the dump and the red you see.
here is what happens.
- at first whales dump a big amount to get out most of their money
- then the panic sells start and price crashes hard, it can even be -50%
- at that point when it is proved that it is the bottom, traders buy for a short term profit and price jumps back up
- they surely will dump it fast because they know it is a dying market and get out for a secondary profit.
- now the price continues dumping faster.

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doedz
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May 29, 2017, 01:30:12 PM
 #11

Many speculate about bitcoin prices will drop dramatically. They make sales because the bitcoin panic will continue to fall. Yesterday the market was very unpredictable, when the rise in btc should be Altcoin could bleed. Even when btc goes down altcoin also goes down. Many beginner traders are confused. It takes courage to take the current position of buying or holding until there is a pump again.

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May 29, 2017, 01:44:42 PM
 #12

During the days of bitcoin increasing gradually the price of altcoins too was experiencing a good pump in price. Now while the price crash took place the altcoins seems to be stable with uptrend and now when bitcoin starts to retain the value once again the red mark is found over the altcoin.

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May 29, 2017, 01:46:25 PM
 #13

It can't always be green - ebb and flow of markets.  Undecided

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May 29, 2017, 01:53:54 PM
 #14

it's time for price correction, and for vacation, investors dump for profit and use the money to have fun, winter is for pump and summer for dump, but i think maybe we see some expection later in summer, some coin will get a pump for sure, another possible reason is that bitcoin was dumped and altcoin follow bitcoin, beacuse to sell bitcoin, if you have altcoin, you need to sell your alt first
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May 29, 2017, 01:58:53 PM
 #15

All of digital coins are going down, it is good for trading it is time to buy back and hold all of them
 however price of digital coins are always fluctuating, so don't be panic because of everything red
due to they will be green again, we just needs be patient wait to rebounds.


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May 29, 2017, 02:14:58 PM
 #16

Yeah at first even i felt it to be weird as normally what happens is bitcoin is green and altcoins are red or altcoins are green and bitcoin is read , but in this situation everything is red. I did a bit fo researched and found out many people are removing there money from crypto and many chinese investors have also withdrawn everything. It may take few weeks to be back to normal 



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Wandika
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May 29, 2017, 02:29:36 PM
 #17

You should browse more price history of altcoin few years ago and then you can see that there are more terrible dump in the past rather than we are experiencing now. Don't be panic on red. The majority of coins now are backup with million dollar funds unlike in the past that full of shit. There is no reason to panic unless you invest on shitcoin.

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May 29, 2017, 02:32:53 PM
 #18

I myself do not see many coins change color to red, I just see from a few coins that change color to red. So I'm not really concerned about the color of bitcoin turning red because I think it happens very often in the crypto world, a person who just started trading might panic with this situation, but I'm sure the bitcoin color will turn green again.

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May 29, 2017, 02:37:04 PM
 #19

Okay, so a few days ago (this Saturday) we have seen a terrible picture on coinmarketcap, for all the currencies were red (the price went down and so did capitalization). I thought the reason was coinbase and some big technical issues there. Yesterday everything was slowly getting back to normal. Almost all of the currencies went 'green'. Why is everything red again? Is it really some big problems with altcoins? Is it the end of big pump? Or maybe it is just the continuation of unexperienced panic sellers that started 2 days ago?
At the weekend it is difficult to define with certainty the path that the market will take, the trading volume is much lower compared to other days.
At the beginning of the week is when we can see what direction the market will actually take... and that's what it seems to be, there is a strong tendency that the altcoins will continue to fall in price, and as Bitcoin becomes closer to adopting SegWit, things will look worst for most alts.

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May 29, 2017, 02:48:56 PM
 #20

I myself do not see many coins change color to red, I just see from a few coins that change color to red. So I'm not really concerned about the color of bitcoin turning red because I think it happens very often in the crypto world, a person who just started trading might panic with this situation, but I'm sure the bitcoin color will turn green again.
That's for sure, Bitcoin will be green again, Look at the last year's Bitcoin always experience price increases and maybe next year bitcoin will also be green again.

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