Market crash

[Nrashid]

Hi,

I'm still just a newbie so don't take my word for it but i feel like this whole market is being manipulated by large whales and the panic sellers are making the market go more down. The ICO was the main pillar for this crash, more specifically ICO's like Bancor, Tezos and Eos which raised insane amount of money. If you look closely bitcoin just corrected a bit whereas ETH and other altcoins saw blood.  The whales are making people panick about August 1st and further fueling the market crash.

I hope I'm not wrong but I feel like the biggest pump is coming. It may be before Aug 1st or after it but its not far from now. Its an amazing time to grab some new coins and bring your losses down. I feel like the market is being pushed down to create good entry points for whales. I'm still a student in college and I'm down to almost 40% but I believe the best thing to do right now is hold and accumulate more coins if possible. If not at loss, then you're already doing great and maybe throw a few suggestions.  Coins that I hold:

Viacoin
Shift
Zen (short term)
BTC

Let me know what everyone else thinks. I might be wrong and any suggestions will be appreciated.

[1714022906]

1714022906

[1714022906]

1714022906

[1714022906]

1714022906

[Bowtiesarecool]

I agree, some whales are behind this dip, looking for entry points to multiple their investment - insanely.
And your hodlings look solid. I've got some Via and BTC, recently added Stratis, Ubiq, and more Bitbay to mine

[agustina2]

Whales doesn't have a same thinking. All altcoins are downed and I don't consider that whales are the main reason for it, to all of them.

Reasons normally are: securing profit, to minimize loss, panic selling, afraid because of some spreading fud's etc. Anyway these kind of action in trading really happened. Remember that it was not bound to lasts forever. Surely a pump will happened again removing those blood stains at the exchanges volume list.

[dissident]

More conspiracy theory.  Its all healthy free market when we go up 1000% but when we correct it's "manipulation"... These kind of claims have been made since Roman times and earlier.

These markets are thinly traded and when enough people want to sell at once the bids can go down fast.  The total market cap is not an indication of how much money people could get if everyone tried to cash out. More like a game of musical chairs.  You'd be lucky to get $20B of the $80B if everyone wanted out.  Same thing goes for global equity and commodity markets.  They are very demand dependent relying on balanced supply and demand to remain stable.   Thus you have quantitative easing and other magic tricks and zero interest rates to keep the sheep interested in overvalued stocks.

[Mr Frog]

More conspiracy theory.  Its all healthy free market when we go up 1000% but when we correct it's "manipulation"... These kind of claims have been made since Roman times and earlier.

These markets are thinly traded and when enough people want to sell at once the bids can go down fast.  The total market cap is not an indication of how much money people could get if everyone tried to cash out. More like a game of musical chairs.  You'd be lucky to get $20B of the $80B if everyone wanted out.  Same thing goes for global equity and commodity markets.  They are very demand dependent.

Market cap was around $25 000 000 000 until mid April 2017 Then...

From $54 000 000 000 to $116 000 000 000 in 1 month  mid may to mid june 2017 +$62 000 000 000

From $116 000 000 000 to $78 000 000 000 in 1 month  mid june to mid july 2017 -$38 000 000 000

Who do you think this is ? So much money... in and out in such short period of time.

[shifty30]

More conspiracy theory.  Its all healthy free market when we go up 1000% but when we correct it's "manipulation"... These kind of claims have been made since Roman times and earlier.

These markets are thinly traded and when enough people want to sell at once the bids can go down fast.  The total market cap is not an indication of how much money people could get if everyone tried to cash out. More like a game of musical chairs.  You'd be lucky to get $20B of the $80B if everyone wanted out.  Same thing goes for global equity and commodity markets.  They are very demand dependent relying on balanced supply and demand to remain stable.   Thus you have quantitative easing and other magic tricks and zero interest rates to keep the sheep interested in overvalued stocks.

yes yes yes everybody takes profit at the very same time, cool story

[adroitful_one]

This is just a market correction. The price rose so quickly that it needs to recorrect itself. However, I think the days of sub $1,000 Bitcoins are long gone. I think the lowest we may see in the future is $1500. So if you see Bitcoin below $1000, I would definitely scoop up as many as you possibly can.

[Mr Frog]

This is just a market correction. The price rose so quickly that it needs to recorrect itself. However, I think the days of sub $1,000 Bitcoins are long gone. I think the lowest we may see in the future is $1500. So if you see Bitcoin below $1000, I would definitely scoop up as many as you possibly can.

How come ? Not very confidant on your claim. Will we see it or not ?

[bbc.reporter]

Hi,

I'm still just a newbie so don't take my word for it but i feel like this whole market is being manipulated by large whales and the panic sellers are making the market go more down. The ICO was the main pillar for this crash, more specifically ICO's like Bancor, Tezos and Eos which raised insane amount of money. If you look closely bitcoin just corrected a bit whereas ETH and other altcoins saw blood.  The whales are making people panick about August 1st and further fueling the market crash.

I hope I'm not wrong but I feel like the biggest pump is coming. It may be before Aug 1st or after it but its not far from now. Its an amazing time to grab some new coins and bring your losses down. I feel like the market is being pushed down to create good entry points for whales. I'm still a student in college and I'm down to almost 40% but I believe the best thing to do right now is hold and accumulate more coins if possible. If not at loss, then you're already doing great and maybe throw a few suggestions.  Coins that I hold:

Viacoin
Shift
Zen (short term)
BTC

Let me know what everyone else thinks. I might be wrong and any suggestions will be appreciated.

I have no idea what Shift and Zen are so I cannot comment but with BTC and Viacoin both have already risen very high. The holders of both cryptocoins have already start selling and in the case of VIA, have already started dumping.

It might be better to buy a stable coin now with 90% of the market going down. I suggest for you to take a look at Aeon.

[tittensor]

This is just a market correction. The price rose so quickly that it needs to recorrect itself. However, I think the days of sub $1,000 Bitcoins are long gone. I think the lowest we may see in the future is $1500. So if you see Bitcoin below $1000, I would definitely scoop up as many as you possibly can.

Yep, the support line $1000 of Bitcoin just in history and next time if Bitcoin still want continue growth, $1500 or higher $1200 is best support line for recorrect the price. But sometime, I scared maybe Bitcoin will make a big breakdown as 2013-2014, I not hope my guess will true

[X-ray]

This is just a market correction. The price rose so quickly that it needs to recorrect itself. However, I think the days of sub $1,000 Bitcoins are long gone. I think the lowest we may see in the future is $1500. So if you see Bitcoin below $1000, I would definitely scoop up as many as you possibly can.

I think if this is not the correction because all of the crypto get red big candle. This caused by the bitcoin with the scaling issues that will be resolved asap. I mean those panic and trying to sell their bitcoin and cahsout to the fiat as fast as possible before the fork will be happened.

[JosNekoKopa]

Ups and downs are normal thing in crypto, crash will happen, yes, but it will be isolated, on a few projects who trying to do BTC takeover from their early start, but without success. Others "normal" altcoins won't be affected too much, on small sign of light they recover their previous stance..

[albio87]

hello, i'm following the forum since 3 months but is my very first contribution:)
The yesterday dip has to be related to "bitcoin scaling proposal Segwit2x's testnet forked yesterday, creating two different and incompatible testnets, a bad sign for the upcoming scaling update. Nodes running older bitcoin software continued on as they normally would but nodes running the new Segwit2x code stalled at block 27070 for over 20 hours as a result of the issue. Reactions were mixed, with some dismissing the controversial scaling proposal for perceived lingering issues, while others defended the misstep as only a small stumbling block that wouldn't happen during a live deployment."

If you wanna check the entire article : http://www.coindesk.com/bitcoin-segwit2x-testnet-fork-scaling-proposal/

[Bowtiesarecool]

hello, i'm following the forum since 3 months but is my very first contribution:)
The yesterday dip has to be related to "bitcoin scaling proposal Segwit2x's testnet forked yesterday, creating two different and incompatible testnets, a bad sign for the upcoming scaling update. Nodes running older bitcoin software continued on as they normally would but nodes running the new Segwit2x code stalled at block 27070 for over 20 hours as a result of the issue. Reactions were mixed, with some dismissing the controversial scaling proposal for perceived lingering issues, while others defended the misstep as only a small stumbling block that wouldn't happen during a live deployment."

If you wanna check the entire article : http://www.coindesk.com/bitcoin-segwit2x-testnet-fork-scaling-proposal/

Thanks for the info. Very interesting article

[barota]

hello, i'm following the forum since 3 months but is my very first contribution:)
The yesterday dip has to be related to "bitcoin scaling proposal Segwit2x's testnet forked yesterday, creating two different and incompatible testnets, a bad sign for the upcoming scaling update. Nodes running older bitcoin software continued on as they normally would but nodes running the new Segwit2x code stalled at block 27070 for over 20 hours as a result of the issue. Reactions were mixed, with some dismissing the controversial scaling proposal for perceived lingering issues, while others defended the misstep as only a small stumbling block that wouldn't happen during a live deployment."

If you wanna check the entire article : http://www.coindesk.com/bitcoin-segwit2x-testnet-fork-scaling-proposal/

What will happen on 1 August
For bitcoin ?

What exactly is there?

[killerfrost]

Hi,

I'm still just a newbie so don't take my word for it but i feel like this whole market is being manipulated by large whales and the panic sellers are making the market go more down. The ICO was the main pillar for this crash, more specifically ICO's like Bancor, Tezos and Eos which raised insane amount of money. If you look closely bitcoin just corrected a bit whereas ETH and other altcoins saw blood.  The whales are making people panick about August 1st and further fueling the market crash.

I hope I'm not wrong but I feel like the biggest pump is coming. It may be before Aug 1st or after it but its not far from now. Its an amazing time to grab some new coins and bring your losses down. I feel like the market is being pushed down to create good entry points for whales. I'm still a student in college and I'm down to almost 40% but I believe the best thing to do right now is hold and accumulate more coins if possible. If not at loss, then you're already doing great and maybe throw a few suggestions.  Coins that I hold:

Viacoin
Shift
Zen (short term)
BTC

Let me know what everyone else thinks. I might be wrong and any suggestions will be appreciated.

The market is always unpredictable. They compete for development even to collapse. The money market is so much money: ETH, ICO, BTC, UR ... The coins want to hold the position is not easy, they have to fight each other. Currently the biggest investment is bitcoin.

[Tolrem]

Just watch the price of ETH it has basically dictated the market's direction since it's astronomical rise in May. It's no coincidence the shit hit the fan as ETH was testing sub $200, fortunately that was very short lived.

[nasibakar]

It is not crash.
It is dropping.

Current dropping price is still above the price of 6 months ago,... or to be clear if we compare to last year price.
It is still growing in overall.

BULLISH
and HODL.

[3DesTeam]

It's correction to go higher after it. But there are some risks that dropping will continue some more. So, if you have some profit coins you should sell them partly.

[Shishir99]

It is a major correction i think.
Market is recovering now.
I think another dip is coming before August 1.
Hope for good.