Bitcoin Forum
October 06, 2022, 04:58:47 PM *
News: Latest Bitcoin Core release: 23.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 »  All
  Print  
Author Topic: Is this the start of the bubble popping? It looks like it popped already!!  (Read 3057 times)
virtualdn (OP)
Legendary
*
Offline Offline

Activity: 1162
Merit: 1081


View Profile
July 11, 2017, 05:04:33 AM
Last edit: July 15, 2017, 08:26:07 AM by virtualdn
 #1

OK folks it seems all alts are going down for some time and going down pretty good... is this the start of the bubble popping? It was expected to happen sooner or later.

Nice to see how people call this a correction but it might be a huge one.

1 BTC = 1 BTC
1665075527
Hero Member
*
Offline Offline

Posts: 1665075527

View Profile Personal Message (Offline)

Ignore
1665075527
Reply with quote  #2

1665075527
Report to moderator
"Bitcoin: mining our own business since 2009" -- Pieter Wuille
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
europesss
Sr. Member
****
Offline Offline

Activity: 546
Merit: 250



View Profile
July 11, 2017, 05:11:46 AM
 #2

Yes, dump a lot, it's a normal adjustment to market, i think all the things will be back to normal in few days.
ranreichman
Full Member
***
Offline Offline

Activity: 140
Merit: 100

Snip CEO


View Profile WWW
July 11, 2017, 05:14:01 AM
 #3

A market correction. In my opinion that's a good thing, healthy for everyone. If the market only goes up the correction is very painful

Renji Abarai
Full Member
***
Offline Offline

Activity: 231
Merit: 100



View Profile
July 11, 2017, 05:15:27 AM
 #4

Yes, dump a lot, it's a normal adjustment to market, i think all the thing will back to normal in few days.

I agree but I do not know what is the deepest dump it can go. I If we know its already the deepest dump. we can start buying then since this is an opportunity to have a good profit. But it seems the support is on the observation mode  until the segwit 3x will be implemented.

T O W E R B E E      |  PLATFORM FOR EVERYDAY BUSINESS       [ JOIN WHITELIST ]
▬        ICO  >  May 5th - June 4th        ▬
FACEBOOK           MEDIUM           TWITTER           LINKEDIN           REDDIT           TELEGRAM
danherbias07
Legendary
*
Offline Offline

Activity: 2548
Merit: 1058


Leading Crypto Sports Betting & Casino Platform


View Profile
July 11, 2017, 05:24:34 AM
 #5

Corrections don't fall this big.
Like you said it is a big one and it will be hard to recover from this.
I guess it will be our support with our own invested coins will be the answer to bring it back.
For now, I am still on hold with my altcoins and just letting it be.
Besides, there is no profit even if I withdrew it.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Alttrader203
Newbie
*
Offline Offline

Activity: 70
Merit: 0


View Profile
July 11, 2017, 05:30:20 AM
 #6

This is no corrections. There is blood on the streets.

This is a crash.

Lets see when it recovers.
oup59
Sr. Member
****
Offline Offline

Activity: 392
Merit: 251


View Profile
July 11, 2017, 05:51:26 AM
 #7

The one who bears the bears now, can jump on the bulls then. So for now it is hodl as damage already occured. But damage is virtual unless you sell your precious coins.
One Man Band
Newbie
*
Offline Offline

Activity: 36
Merit: 0


View Profile
July 11, 2017, 05:55:44 AM
 #8

The AltCoin decline will continue until around late september.
findingthemoon
Full Member
***
Offline Offline

Activity: 252
Merit: 123


View Profile
July 11, 2017, 06:10:56 AM
 #9

I think its somewhere between a correction and a crash. The alts that lack any real value will fall more than the good ones which will recover slowly but surely.
Herbert2020
Legendary
*
Offline Offline

Activity: 1946
Merit: 1137


View Profile
July 11, 2017, 06:11:15 AM
 #10

No, this is not the start. the start happened a while ago (mostly about a month ago) where the first drop from top began. now you are just seeing that same process at a higher speed.
- at first the whales dump and the rest of the experienced traders follow by selling and getting out. at this time newbies become back holders.
- then more newbies come in and start buying thinking they got lucky to be able to buy "cheap" altcoins.
- then more dump happens and the second group also becomes bag holders.
- the final step before the doom is now. when another dump comes and all the two previous bag holders give up hope and start selling their bags contributing to an even bigger dump. some people call this panic sells! but in  case of altcoins i like to call it a late awakening.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
darkenedsoul
Full Member
***
Offline Offline

Activity: 336
Merit: 100


Genesis Team™


View Profile WWW
July 11, 2017, 06:12:06 AM
 #11

It looks like choppy waters ahead for the next few months for sure.

MissEmVa
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
July 11, 2017, 06:25:14 AM
 #12

No, this is not the start. the start happened a while ago (mostly about a month ago) where the first drop from top began. now you are just seeing that same process at a higher speed.
- at first the whales dump and the rest of the experienced traders follow by selling and getting out. at this time newbies become back holders.
- then more newbies come in and start buying thinking they got lucky to be able to buy "cheap" altcoins.
- then more dump happens and the second group also becomes bag holders.
- the final step before the doom is now. when another dump comes and all the two previous bag holders give up hope and start selling their bags contributing to an even bigger dump. some people call this panic sells! but in  case of altcoins i like to call it a late awakening.

I'm a newbie since may and this is so right...

I did already left the ship (break even).. First I went from altcoins to LTC and BTC but I sold this as well for USD... Do not have the balls to HODL..

IMO this going a lot further down and there will be a way better opportunity to buy in again then just holding.. Should not have listened to all those bag holders and sold the whole portfolio when I had the feeling a couple of weeks ago...

Oh well... It's been a good lesson...
Mikaelxiong
Full Member
***
Offline Offline

Activity: 139
Merit: 100



View Profile
July 11, 2017, 06:26:30 AM
 #13

will this scared off all the "newbies" ?!?!

Welp at least not this one.
cychan2
Newbie
*
Offline Offline

Activity: 54
Merit: 0


View Profile
July 11, 2017, 06:28:42 AM
 #14

Good time as a cleansing process for all the coins got pumped for no obvious reason or substance.
It is pretty a good timing for bear as there is not much exciting news around that time. But this is not forever. Aug is coming.
dissident
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250


View Profile
July 11, 2017, 06:34:41 AM
 #15

Bubble popped a couple weeks ago.  Don't remember the exact date offhand...I did post a chart or two around the time it happened.  I didn't get out at the top but did get out at confirmation of the pop and went around 90% cash at that time.  I didn't do everything right but did quite well.
MissEmVa
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
July 11, 2017, 06:39:44 AM
 #16

will this scared off all the "newbies" ?!?!

Welp at least not this one.

Well... you have to make the decision for yourself of course..

Respect for holding your shit  Kiss
John999
Legendary
*
Offline Offline

Activity: 1717
Merit: 1017



View Profile
July 11, 2017, 06:40:08 AM
 #17

Yes it's going to be a serious shakeout. Nothing goes up in a linear manner.
bitcoinbox
Sr. Member
****
Offline Offline

Activity: 675
Merit: 254


So far so good


View Profile
July 11, 2017, 06:43:55 AM
 #18

What I'd really like to know is when is the correction of the correction coming?
Alphaz841x
Newbie
*
Offline Offline

Activity: 31
Merit: 0


View Profile
July 11, 2017, 06:48:52 AM
 #19

People are going crazy about the crash and i am here eating popcorn with a smile on the face.
A crash like that is the best time to get some profit and speaking about bitcoin, long-term holders do not care about this crash or any other in near future.
Mikaelxiong
Full Member
***
Offline Offline

Activity: 139
Merit: 100



View Profile
July 11, 2017, 07:16:00 AM
 #20

will this scared off all the "newbies" ?!?!

Welp at least not this one.

Well... you have to make the decision for yourself of course..

Respect for holding your shit  Kiss

Time to load up for incoming ICOs.  This is the future.  Call me crazy because I caught the bug.
Pages: [1] 2 3 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!