migdsb (OP)
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June 26, 2017, 09:24:19 AM |
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I have only recently become interested in the Cryptocurrency markets and potential for growth, and for this reason do not have great insight on the history of Bitcoin, Ethereum and all other altcoins, and their price swings. I am baffled by the serious downturn the markets have taken in the last few days and am at a loss of words to explain it. Does anyone know what might be causing the heavy selling that is taking place? Is this mostly caused by Ethereum-holders (I'm thinking of the recent successful multimillion ICOs) cashing out? Are investors unwinding positions because, perhaps, they fear the upcoming July Segwit2 Bitcoin activation may fail?
Let's discuss theories that might explain the down-swing!
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goinmerry
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June 26, 2017, 09:29:59 AM |
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Still not alarming since I consider the current price decrease of bitcoin was still on normal. And for some altcoin, still no such thing as big dump that I consider.
If you have an active investment and you already seeing the loss then that's part of the risk you take the moment you start trading cryptos. For now, just watched the price. Rather than take it as a problem, take the chance to grab more coins.
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susila_bai
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June 26, 2017, 09:35:12 AM |
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BTC going down is normal as their is price correction is going on and it is roaming around 2500 to 2700 range for so many days, about other altcoins this is mostly because of ETH problem as most of the coins are based on ETH platform. so it is not worry as good coins will bounce back
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dquancey
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June 26, 2017, 09:40:15 AM |
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Just a correction. The markets have gone up lately too far without support, they are due a pull back. Lots of new dumb money coming in and pushing prices higher and higher. The traders will be taking their profits and buying back in on the dip. Let's not forget that the hard/soft fork is coming into action soon, so traders are naturally cautious about this. If you are new to crypto, this is normal ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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BitcoinzB
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June 26, 2017, 09:43:20 AM |
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Just a correction. The markets have gone up lately too far without support, they are due a pull back. Lots of new dumb money coming in and pushing prices higher and higher. The traders will be taking their profits and buying back in on the dip. Let's not forget that the hard/soft fork is coming into action soon, so traders are naturally cautious about this. If you are new to crypto, this is normal ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Yes, I'm waiting for it to pump back up soon; although the upcoming fork worries me a bit, since we can't know how the market will react to it. This seems like a good moment to buy though!
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dquancey
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June 26, 2017, 10:05:22 AM |
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Just a correction. The markets have gone up lately too far without support, they are due a pull back. Lots of new dumb money coming in and pushing prices higher and higher. The traders will be taking their profits and buying back in on the dip. Let's not forget that the hard/soft fork is coming into action soon, so traders are naturally cautious about this. If you are new to crypto, this is normal ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Yes, I'm waiting for it to pump back up soon; although the upcoming fork worries me a bit, since we can't know how the market will react to it. This seems like a good moment to buy though! If I'm being honest, I'm not sure how to play the fork agreement. Think I'll just do what I usually do with this sort of thing and just go 100% BTC. One constant about my trading career is that accumulating BTC is my number 1 priority, so hedging into FIAT and/or alts seems dangerous, to me anyway.
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buwaytress
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June 26, 2017, 10:11:30 AM |
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If I'm being honest, I'm not sure how to play the fork agreement. Think I'll just do what I usually do with this sort of thing and just go 100% BTC. One constant about my trading career is that accumulating BTC is my number 1 priority, so hedging into FIAT and/or alts seems dangerous, to me anyway.
Don't worry, I doubt any one here knows how to play the fork agreement... but the good news is that if you're a BTC holder like me, we actually have nothing to worry about. Fork or no fork, we'll have the option to move with the eventual "winner" if we control our own coins (you do, I hope?)
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romero121
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June 26, 2017, 10:18:55 AM |
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Still not alarming since I consider the current price decrease of bitcoin was still on normal. And for some altcoin, still no such thing as big dump that I consider.
If you have an active investment and you already seeing the loss then that's part of the risk you take the moment you start trading cryptos. For now, just watched the price. Rather than take it as a problem, take the chance to grab more coins.
This is pretty common with the cryptocurrency. What makes people have a fear or panic is the price that grew on a sudden towards $3000 in a very short time and now getting decreased in a constant manner. As above mate suggested think it to be the time to grab more coins.
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Larva14
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June 26, 2017, 10:23:40 AM |
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I have only recently become interested in the Cryptocurrency markets and potential for growth, and for this reason do not have great insight on the history of Bitcoin, Ethereum and all other altcoins, and their price swings. I am baffled by the serious downturn the markets have taken in the last few days and am at a loss of words to explain it. Does anyone know what might be causing the heavy selling that is taking place? Is this mostly caused by Ethereum-holders (I'm thinking of the recent successful multimillion ICOs) cashing out? Are investors unwinding positions because, perhaps, they fear the upcoming July Segwit2 Bitcoin activation may fail?
Let's discuss theories that might explain the down-swing!
There is nothing we should worry. I see things normal as this is how dunpers supposed to dump altcoins. I'm not disappointed from what happening since I see this as an opportunity to buy more altcoins.
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layoutph
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June 26, 2017, 10:35:05 AM |
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Bitcoin is currently at 2400usd now. In the next few days it might touch 1900usd or even lower before it climb again to 3000+usd. While bictoin is going down to accelarating to 3k + will experience drop of altcoins prices due to retracement. Just HOLD and welcome to crypto currency world hehe. I have only recently become interested in the Cryptocurrency markets and potential for growth, and for this reason do not have great insight on the history of Bitcoin, Ethereum and all other altcoins, and their price swings. I am baffled by the serious downturn the markets have taken in the last few days and am at a loss of words to explain it. Does anyone know what might be causing the heavy selling that is taking place? Is this mostly caused by Ethereum-holders (I'm thinking of the recent successful multimillion ICOs) cashing out? Are investors unwinding positions because, perhaps, they fear the upcoming July Segwit2 Bitcoin activation may fail?
Let's discuss theories that might explain the down-swing!
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Vishnu.Reang
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June 26, 2017, 11:11:30 AM |
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If you are new to crypto, this is normal ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Yeah... this happens all the time. Crypto-currencies are highly volatile, at least when compared to the other investment assets such as equities, mutual funds, bullion and real estate. And that is their attractiveness. You can either gain big or loss big. A single trade can make you a billionaire, and if you are unlucky then you can become a beggar in a single day. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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dquancey
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June 26, 2017, 11:44:12 AM |
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If you are new to crypto, this is normal ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Yeah... this happens all the time. Crypto-currencies are highly volatile, at least when compared to the other investment assets such as equities, mutual funds, bullion and real estate. And that is their attractiveness. You can either gain big or loss big. A single trade can make you a billionaire, and if you are unlucky then you can become a beggar in a single day. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Indeed, I've had a few trading accounts wiped out with silly investments. Now my main play is BTC and the other larger cap cryptocurrencies, ETC, ETH, LTC, ZEC and so on. Been caught playing so many 'shit'coins in the past, it's not worth it. Also learned that position sizing really helps, don't go all in on one coin. This is another thing I've learnt the hard way.
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kslavik
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June 26, 2017, 12:04:25 PM |
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If you think this is a drop, you'd freak out back in the days. Its just normal, every pump or a rise needs to consalidate over time for the next possible run. If there is a bad news, its usually a speculation to make you panic so they can buy lower. Just check if the news are for real. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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olubams
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June 26, 2017, 12:40:56 PM |
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I have only recently become interested in the Cryptocurrency markets and potential for growth, and for this reason do not have great insight on the history of Bitcoin, Ethereum and all other altcoins, and their price swings. I am baffled by the serious downturn the markets have taken in the last few days and am at a loss of words to explain it. Does anyone know what might be causing the heavy selling that is taking place? Is this mostly caused by Ethereum-holders (I'm thinking of the recent successful multimillion ICOs) cashing out? Are investors unwinding positions because, perhaps, they fear the upcoming July Segwit2 Bitcoin activation may fail?
Let's discuss theories that might explain the down-swing!
The issue about swings of the market is not something that is new to people who have been here long enough because sometimes the market just take a regressive move without anybody being able to give an explanation rather than guessing which is what we all engage in. The market is currently at low ebb with the expectation that it will recover in due time when there are some certainties about future prospects showing forth.
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nappoleon
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June 26, 2017, 01:37:08 PM |
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This is nothing, when the price goes below $1500, now that is what you call a PULLBACK. This is just a normal trading.
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erpbridge
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June 26, 2017, 01:39:15 PM |
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I am guessing that this is just correction. You can't expect cryptos to go 10x the initial price and sustain it for long. Thats honesly not how investments or price appraisals work.
I am glad bitcoin is holding onto the current price
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BitZonk
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June 26, 2017, 02:37:17 PM |
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We have strong uptrend and I treat every drop as a correction and occasion to buy. But Ethereum drop proved that crypto markets are still a wild west ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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BTCLovingDude
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BTC to the moon is inevitable...
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June 26, 2017, 02:51:53 PM |
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I have only recently become interested in the Cryptocurrency markets and potential for growth, and for this reason do not have great insight on the history of Bitcoin, Ethereum and all other altcoins, and their price swings.
all the history is one click away from you. just visit a website that lists these coins with their prices, a website that you like. it can be coinmarketcap, coingecko, ... or it can be any of the exchanges that you use for trading. they all have charts that you can see these price changes over time. I am baffled by the serious downturn the markets have taken in the last few days and am at a loss of words to explain it. Does anyone know what might be causing the heavy selling that is taking place?
for bitcoin it is a simple correction of price because it went up too fast, also it is because of a little bit of uncertainty about the future and how SegWit will be activated. it is not that heavy as you think. for altcoins it is simply their end of the line, they got pumped and now it is time for the dump. the pump and dumps come in duos not alone. it is pretty heavy and will get harder. Is this mostly caused by Ethereum-holders (I'm thinking of the recent successful multimillion ICOs) cashing out? Are investors unwinding positions because, perhaps, they fear the upcoming July Segwit2 Bitcoin activation may fail?
these two are completely different and unrelated. the ethereum bag holders and the ICO holders are panic selling at the moment because of the fear of price drop and also because of the fear of network fails that happened recently. on top of that the bubble is bursting. bitcoin is unrelated to all that, and if anything all the money that runs out of ethereum should come back to bitcoin.
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jmigdlc99
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June 26, 2017, 03:17:37 PM |
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Many people are saying "this is normal; just a correction; blablabla" but actually, this downturn is mainly due to the recent news regarding the possibility of the bitcoin fork. Many speculate a fork like this will drive btc price down further. Good luck to us all.
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0xacBBa937A57ecE1298B5d350f40C0Eb16eC5fA4B
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migdsb (OP)
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June 26, 2017, 03:39:29 PM |
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Many people are saying "this is normal; just a correction; blablabla" but actually, this downturn is mainly due to the recent news regarding the possibility of the bitcoin fork. Many speculate a fork like this will drive btc price down further. Good luck to us all.
That is exactly what motivated my post. I don't think this downturn is normal at all or a mere price correction. Also, there are very few events in the history of Bitcoin where the price trended down so strongly, and most of those resulted in the price staying low for many months. There has been big money involved driving the price down systematically in the past few days. Just wish I could make sense of it. Personally, I am now leaning towards waiting for a retracement and taking a minor loss in the hope that the price will dive further and I can make it up later. Lose the battle but not the war.
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