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Author Topic: Are we moving towards the Global Crypto Currency Depression?  (Read 1367 times)
BurstIncomeAsset
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July 12, 2017, 05:30:10 AM
 #21

Depression was the year of 2014 and 2015.

Remember that price was $200 not long ago and most coins didn't even exist.

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July 12, 2017, 05:39:59 AM
 #22

i can't see how this is any worse than winter 2016 or late 2014 early 2015, which were actually far worse than this dumping, all the cryptoworld is unstable, especially altcoin, what go up must go down at some point

but there will be another pump after bitcoin solve it's issue, after all all the alt are after bitcoin, ETH is no exception, even with the big marketcap
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July 12, 2017, 06:19:05 AM
 #23

Definitely yes.
I think they are imminent and keep sending us a signal as turbulent prices and sudden price crush and so on, :/
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July 12, 2017, 06:22:55 AM
 #24

I really don't understand how people are really evaluating market . I he is a trader at least small business man he could able to understand the fluctuation common if it is going low you can able to hold that crypto untill it raise .

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July 12, 2017, 06:27:34 AM
 #25

To sum it up people are putting their popcorn on hold and moving around to get the best seat of what will occur in the month of August the calendar ahead has a lot of little forks and sidepaths that could occur depending on what happens.

https://bitcoinmagazine.com/articles/countdown-segwit-these-are-dates-keep-eye/
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July 12, 2017, 08:56:08 AM
 #26

The point about the sheer volume of alt coins is very relevant. Has actual total $ and other fiat going into cryptos dropped, or has all of the new tokens been taking away from BTC, Eth and other major cryptos?
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July 12, 2017, 10:00:43 AM
 #27

As per coinmarketcap website, we have 970 crypto currencies available at this point of time. If we sort the list by clicking on Change (24h) column, I can see that price of only 13 coins were increased in last 24 hours. Rest all coins are facing the depreciation.

Even bitcoin price is standing at 2359 USD at this point. Are we moving towards a Global Crypto Currency Depression? What's causing this massive depreciation?
It is not the end yet for crypto currencies  everywhere, the months of June and July has not been favorable at all and its due with grim forecasts by these so called experts in cryptocurrency which is hindering people from investing in the currency for fear of losing their money.
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July 12, 2017, 12:40:55 PM
 #28

As per coinmarketcap website, we have 970 crypto currencies available at this point of time. If we sort the list by clicking on Change (24h) column, I can see that price of only 13 coins were increased in last 24 hours. Rest all coins are facing the depreciation.

Even bitcoin price is standing at 2359 USD at this point. Are we moving towards a Global Crypto Currency Depression? What's causing this massive depreciation?

During May many cryptocurrency increased 10-50 times in their value, and anyone with economic background would tell you that this is unstable. To put it simple, if something grew too quick, it will probably also fall quickly. If you compare current prices with pre-May prices, they are still way above them. Now, here some advises for worried newbies: avoid buying at the top; don't be greedy while expecting that the price will rise even more, instead close your positions if you see that the market is slowing down; never trade with sums larger than you can afford to lose.

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July 12, 2017, 12:54:47 PM
 #29

This isn't something new. It has happened in the past and it will keep happening in the future except maybe something different is done to the code. So calling this a depressing state is not the right way to state it. I'd rather call this a happy hour to buy more btc for the future.

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July 12, 2017, 01:54:31 PM
 #30

As per coinmarketcap website, we have 970 crypto currencies available at this point of time. If we sort the list by clicking on Change (24h) column, I can see that price of only 13 coins were increased in last 24 hours. Rest all coins are facing the depreciation.

Even bitcoin price is standing at 2359 USD at this point. Are we moving towards a Global Crypto Currency Depression? What's causing this massive depreciation?

That is true. There are so many crypto currencies at this point. But that doesn't mean each of those currencies doesn't have a chance to rise. Maybe there are top crypto currencies that is really soaring higher but those currencies have also experienced a depreciation. This wont take long. Crypto cyrrencies have so much to offer for us.

There are abandoned coins in that list. Only a few are actually active and are being developed so I wouldn't call this event a depression yet. I suppose call it that when trading volume for all drops to about 50 percent and market shifts to cashing out fiat rather than shifting to other cryptos . That hasn't happened yet and it's just that it's natural to see highs and lows in trading. When we see lows, it doesn't necessarily mean a a longstanding slump in all of the active crypto assets. The values projected are in terms of bitcoin and in usd mostly, and so, when the value of bitcoin dips, there is a corresponding dip in the value of alts that have little or no change in their price for the past 24 hours. Some alts manage to breakout from their former price and so they don't reflect a dip in price even if bitcoin value drops.

The crypto asset/blockchain revolution is just starting. It's something still considered as novel, and more and more groups and nations are beginning to do research and learn more about it, and they're trying to find applications for it. Am looking forward to the progression of cryptos. Hope you are too  Wink

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July 12, 2017, 02:00:05 PM
 #31

Depression only those who do not see prospects. On the contrary I am full of expectations for improvement. Depression is when the price of the transaction equals the sum of the translation. Bitcoin is just starting to modernize and begin to regain the lost positions in altcoins.

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July 12, 2017, 02:06:46 PM
 #32

As per coinmarketcap website, we have 970 crypto currencies available at this point of time. If we sort the list by clicking on Change (24h) column, I can see that price of only 13 coins were increased in last 24 hours. Rest all coins are facing the depreciation.

Even bitcoin price is standing at 2359 USD at this point. Are we moving towards a Global Crypto Currency Depression? What's causing this massive depreciation?


So because prices are dropping we are suddenly in a depression??? What should we call it when prices appreciate like it did some couple of months back? It is the normal for coins to fluctuate. No need to wet your bed.
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July 12, 2017, 02:07:15 PM
 #33

I dont care too much watching those alt coins especially the new one massively going down. People are tryinf to make moves again because they are maybe afraid on what is going to happen next month which is pretty normal to play safe IMO


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July 12, 2017, 02:38:22 PM
 #34

People are taking profits to prepare for the next spike in the price. While they sell their bitcoins, the price goes down {over supply} We know the

1st of Aug 2017 will be a huge move for Bitcoin { We will see real scaling that are geared for mass adoption for the first time } If this goes off

without a hitch, people will definitely start using it in more applications and services for micro transactions and this will push up the demand and

the price as Bitcoin goes mainstream.  Wink



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July 12, 2017, 02:47:22 PM
 #35

As per coinmarketcap website, we have 970 crypto currencies available at this point of time. If we sort the list by clicking on Change (24h) column, I can see that price of only 13 coins were increased in last 24 hours. Rest all coins are facing the depreciation.

Even bitcoin price is standing at 2359 USD at this point. Are we moving towards a Global Crypto Currency Depression? What's causing this massive depreciation?
There may be a crypto currency crisis. But it will not be able to come out fast or prolonged for long periods of time, because the future of crypto will grow even further, people will believe in it.

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July 12, 2017, 02:51:23 PM
 #36

As per coinmarketcap website, we have 970 crypto currencies available at this point of time. If we sort the list by clicking on Change (24h) column, I can see that price of only 13 coins were increased in last 24 hours. Rest all coins are facing the depreciation.

Even bitcoin price is standing at 2359 USD at this point. Are we moving towards a Global Crypto Currency Depression? What's causing this massive depreciation?
There may be a crypto currency crisis. But it will not be able to come out fast or prolonged for long periods of time, because the future of crypto will grow even further, people will believe in it.

Cryptocurrency market already reach the maximum possible investment for now and that is the reason why most of the altcoin are now stagnant. The funds of ICO are just passing and passing through different ICO. So that coins left behind are useless because they are abandoned by their supporter.

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jtipt
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July 12, 2017, 02:57:31 PM
 #37

To sum it up people are putting their popcorn on hold and moving around to get the best seat of what will occur in the month of August the calendar ahead has a lot of little forks and sidepaths that could occur depending on what happens.
At this point all I am hoping for is a soft fork. In my opinion, this depression is the calm before the storm, the storm being the Segwit activation which very well can pump BTC to $5000 and also dump it to $500.

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July 12, 2017, 03:01:05 PM
 #38

When most of all other coins value is based on trading pairs of BTC/ETH/LTC is it any wonder 99% of them go down in price when BTC/ETH/LTC go down? Of course they will!!

Now, there are some coins that are the exception to the rule of course, but I tink that is mostly random chance that 9 coins didn't go down, prbably because nobody is really holding those coins or not many people sold tem that day for it to matter.



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Sniper44
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July 12, 2017, 03:15:09 PM
 #39

As per coinmarketcap website, we have 970 crypto currencies available at this point of time. If we sort the list by clicking on Change (24h) column, I can see that price of only 13 coins were increased in last 24 hours. Rest all coins are facing the depreciation.

Even bitcoin price is standing at 2359 USD at this point. Are we moving towards a Global Crypto Currency Depression? What's causing this massive depreciation?

maybe only in bitcoin and that only for a short time period because of the fear about the August 1 and how things will turn out to be like. but globally, things are normal in my opinion altcoins always fall and then they get pumped in a couple of months and then get dumped afterwards. that has been their whole purpose all these years. and eventually they die and get replaced by another altcoin, fresh for new pumps and dumps.


 
 
 
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July 12, 2017, 05:47:47 PM
 #40

ATM the majority of the markets on POLO are now in the green. Hope it's a reversal and not dead cats bouncing.

For a reversal, you will have to be patient. These bounces are totally normal in a bear market, and even in the past days we have already seen many of them Wink Bear markets often are a bit shorter than bull markets, but they are much longer than the "frenzy phase" (May/June), also called "Elliott Wave 5".



I think in most altcoins, we are still in Wave A. Wave B would be the only "major" bounce, but it won't probably occur in less than some months.

I expect that of the current Top 20 coins only Bitcoin will be able to top its 2017 high this year. The rest would have to wait until 2018 or even 2019, or never (BitConnect and other clonecoins will die nearly instantly).

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