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BeggarInCryptos
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July 16, 2017, 12:50:07 PM |
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Prices may go up in August again, after the Bitcoin civil war outcome. Or perhaps just before of that  |
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Russlenat
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July 16, 2017, 01:04:10 PM |
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All alt-coins are also affected of this august 1 bitcoin split that's why they are all now dumping but don't worry this time is the right time to buy of those alt-coin and even bitcoin because it will be pump again after august 1.
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Morphling
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July 16, 2017, 01:15:55 PM |
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i also want to know the reason, my asset shrink a lot in the past weeks
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stoniestfool
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July 16, 2017, 01:48:00 PM |
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The bitcoin issue has a significant effect. There are several other factors to consider. The tezos ico brought in nearly a quarter billion. This along with all the other scam ico's that have been dumping ethereum and bitcoin in huge amount. Also, the etheruem hashrate skyrocketed after amd cards became unavailable. This was from people building rigs with nvidia 1060 and 1070 cards. These nvidia rigs cost nearly double compared to an amd rig cost. The return was so high it seemed like a good investment. Now those nvidia rigs are going to take 6 months minimum to pay for the hardware. Likely, 9 months to a year.The surge in price brought alot of newcomer who did little to no research. They are now panicking in an attempt to recover their investments.
To add to all this is the epic failure which is the etheruem network. All the ico etheruem tokens use the ethereum network to process transactions. This has caused major slow down. Despite what you may have read this issue is not going away. The etheruem network has implemented a dirty bomb. To intentionally slow down block times increasing transaction times. So you now have a network that can not process transactions timely being slowed further. Then the lower the price of eth goes the few miner that stay ming it. If it is more profitable to mine other coins many miners will switch. That will also slow down transactions slightly..Claims ethereum is going proof of stake are false. If you research the pos switch has been delayed several times. Few months the first time,6 months the second and more than a year the 3rd. The devs have now had nearly 2 years and simply can not get pos to work.
The good news is all the big investors are sure to pump the price after they are ensured the outcome of the bitcoin drama. This will bring in more foolish noobs. With more money than brains. So investing is a good idea. In eth now and btc after the 1st.
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j2ee
Member
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Activity: 93
Merit: 10
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July 16, 2017, 01:52:44 PM |
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Honestly the only real value of bitcoin and altcoin is non trackable illegal trade through internet. What value do you think it really worths? I don't think much.
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stoniestfool
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July 16, 2017, 01:55:22 PM |
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Honestly the only real value of bitcoin and altcoin is non trackable illegal trade through internet. What value do you think it really worths? I don't think much.
Bitcoin is accepted at many retailers. In several countries, bitcoin is the most used currency. Do some research or stop making ignorant incorrect comments. |
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Creepings
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July 16, 2017, 01:55:27 PM |
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i also want to know the reason, my asset shrink a lot in the past weeks
I don't know the connection of all the digital currencies, but one thing I know for sure, when bitcoin dumps, all the other digital currencies dumps. This happens always when the bitcoin dumps so I think there are really some connections to these. |
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coin_coin
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July 16, 2017, 02:00:31 PM |
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It looks like all altcoins dump 10-20%. What is the reason?  I am very sad  The dump has lasted several days, I don't know what happened to crypto world,I hope it will recover from dump soon. |
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JeffBrad12
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July 16, 2017, 02:00:54 PM |
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All alt-coins are also affected of this august 1 bitcoin split that's why they are all now dumping but don't worry this time is the right time to buy of those alt-coin and even bitcoin because it will be pump again after august 1.
A lot of people want to secure their money through selling their bitcoin to the fiat, No doubt if the hardfork of bitcoin gives a lot of impact to another coin because a lot of the coins were pegged with the bitcoin as the root to discovered its coin price. The result of the crypto will depend on the bitcoin hardfork, If that was going smoothly and the biggest pump will be happened. |
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stoniestfool
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July 16, 2017, 02:03:12 PM |
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i also want to know the reason, my asset shrink a lot in the past weeks
I don't know the connection of all the digital currencies, but one thing I know for sure, when bitcoin dumps, all the other digital currencies dumps. This happens always when the bitcoin dumps so I think there are really some connections to these. of course. if you holding eth at 0.1 btc and bitcoin is 3000. You eth is worth 300 usd. If btc crashes to 2000 now your 1 eth is only worth 200. Wow. I can not believe you admitted not seeing the connection. The same is true for all alt. Since they are bought and sold using bitcoin. So people panic and sell their alt to sell the btc they receive for their alt. |
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shade_wrath
Full Member
Offline
Activity: 210
Merit: 101
Any store can buy, sell, and accept Crypto
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July 17, 2017, 01:24:04 AM |
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Now is time for pump ... you will see lot of investment in market to cash out those cheaply bought ETH and BTC for high profits .. so people gonna dive in and price will sky rocket just before a major crash in last week of July I think we can hold btc and eth for this week and get as much return as possible then next week buy cheap and invest in alt coins when market is bleeding like hell .. just my guess   |
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Haesoo
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July 17, 2017, 01:49:34 AM |
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It looks like all altcoins dump 10-20%. What is the reason? I am very sad Of course its all because of the upcoming activation. Many are afraid to lose their funds so they're now in panic selling mode and probably you're not the only one who are sad now but everyone. All of my friends including me is so depress right now because of this constant dumping of coins. We just hold our coins and wait for this drama to end before we do our next move. Nobody can't tell right now what will really happen after the correction. Hope the crypto world will recover sooner not later. |
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panganib999
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July 17, 2017, 02:09:59 AM |
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It looks like all altcoins dump 10-20%. What is the reason? I am very sad It is just a normal scenario especially on market industry wherein currencies are always experiencing such kind of pumps and dumpsee. We just have to wait for a moment until in pumps again its price. But as for now , it will be a great opportunity to buy coins while they are at low price value. |
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Helios45
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July 17, 2017, 02:26:37 AM |
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The worst is yet to come the closest we get to August 1st, then depending on what happens with Segwit/BIP148 we might see major market movments
I was contemplating selling my BTC for USD when it was at $2500 a couple of days ago but missed the opportunity, not too sure what to do now
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shade_wrath
Full Member
Offline
Activity: 210
Merit: 101
Any store can buy, sell, and accept Crypto
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July 17, 2017, 02:40:29 AM |
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The worst is yet to come the closest we get to August 1st, then depending on what happens with Segwit/BIP148 we might see major market movments
I was contemplating selling my BTC for USD when it was at $2500 a couple of days ago but missed the opportunity, not too sure what to do now
Market Cap was previously approx 39 Billion $ when bit was trading around 2350 $+ .... now market cap dropped by 9 Billion and still price is 1970 $+ .. so there is high chance it will reach same level again this week .. next week might be chaos  |
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Christian13
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July 17, 2017, 06:12:52 PM |
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You should get used to it man.It's the law of market. Dump and pump are never stop here.
Just make a right time, buy low and sell high, you get your return.
Actually, there are lot of factors why all coins get dump. In addition to that, the fluctuation of supply and demand of all coin is the main factor why it gets pump or dump. I also think that the number of people who buy coins or have coins also affect the price to change. Lastly, I agree that dump and pump of all coin will never stop. |
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jack1111
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July 17, 2017, 06:21:12 PM |
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You should get used to it man.It's the law of market. Dump and pump are never stop here.
Just make a right time, buy low and sell high, you get your return.
Actually, there are lot of factors why all coins get dump. In addition to that, the fluctuation of supply and demand of all coin is the main factor why it gets pump or dump. I also think that the number of people who buy coins or have coins also affect the price to change. Lastly, I agree that dump and pump of all coin will never stop. This why crypto investment is risky for the newcomers, every period of time we have new event which drive the price up and down quickly, if you do not know how to deal with such event, you will lose. |
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astev
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July 17, 2017, 06:31:26 PM |
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what goes up, must come down and hopefully vice versa  |
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nor9854
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September 05, 2017, 12:16:44 PM |
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Recent price fall maybe attributed to Chinese regulators banning companies from raising funds through ICO.
But there should be a distinction.China has not banned cryptocurrencies or bitcoin, it has only prohibited compaines raising money through ICO.
It has also not dissallowed its citizens from participating in icos
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SleepMachine
Member
Offline
Activity: 118
Merit: 10
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September 05, 2017, 01:05:37 PM |
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Recent price fall maybe attributed to Chinese regulators banning companies from raising funds through ICO.
But there should be a distinction.China has not banned cryptocurrencies or bitcoin, it has only prohibited compaines raising money through ICO.
It has also not dissallowed its citizens from participating in icos
And because btc-e comeback. It's large exchange. many coin had dump to the market |
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