Bitcoin Forum
June 14, 2024, 11:36:03 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 »  All
  Print  
Author Topic: What's causing this bloodbath?  (Read 2156 times)
lakimens (OP)
Full Member
***
Offline Offline

Activity: 392
Merit: 101

PVxYGaa1UZM6oDqW3ZKe4Esi18DgwBpDkr


View Profile
September 02, 2017, 01:56:38 PM
 #1

Last time it was Bitcoin cash, before that BitCoin was on a massacre.. What is it this time?

   ⚡⚡ PRiVCY ⚡⚡   ▂▃▅▆█ PRiVCY ($PRIV) is a new PoW/PoS revolutionary privacy project Best privacy crypto-market! █▆▅▃▂
    Own Your Privacy! ───────────────── WebsiteGithub  |  Bitcointalk  |  Twitter  |  Discord  |  Explorer ─────────────────
   ✯✯✯✯✯                 ✈✈✈[Free Airdrop - Starts 9th June][Bounty]✈✈✈ ║───────────║ Wallet Windows  |  macOS  |  Linux
shenjing85
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250


Spectiv VR Crowdsale: 12/08/17


View Profile
September 02, 2017, 02:07:53 PM
 #2


As far as I know, there is some voice that the Chinese government will announce some critical policy to limit ICO market, and as you can see some Chines coins drop a lot, and make the market panic.


              ▄▄████████████▄▄             
          ▄███▀▀▀░░░░░░░░░░▀▀▀███▄▄        
       ▄██▀▀░░░░░░░░░░░░░░░░░░░░░▀██▄      
     ▄██▀░░░░░░░░░░░░░░░░░░░░░░░░░░▀███    
   ▄██▀░░░░░░░░░░░░░░░▄▄▄▄▄█████████████▄  
  ▄██░░░░░░░░░░░▄▄█████████░░░░░░░░░░░░▀█▌ 
 ▐██░░░░░░░░▄█████▀▀▀▀▀▀▀▀▀████▄░░░░░░░░▀█▌
▐██░░░░░░▄███▀▀███████████████▀▀██▄░░░░░░██▌
████▄░░▄██▀███████▄██████▄████████▀██▄░░░▐██
██░▀████▀██████████████████████████████▄░░██
██░░░▀██▄█████████████████████████▄██▀▀██▄██
██▌░░░░▀███▄████████▀▀▀▀███████▄██▀░░░░░▀███
▐██░░░░░░░▀███▄▄███████████▄▄██▀▀░░░░░░░░██▌
 ▐██░░░░░░░░░░▀▀████████████▀░░░░░░░░░░░▄█▌
  ▀██▄▄▄▄▄▄▄▄▄████████▀▀▀░░░░░░░░░░░░░░▄█▌ 
   ▀███▀▀▀▀▀▀░░░░░░░░░░░░░░░░░░░░░░░░▄██▀  
     ▀██▄░░░░░░░░░░░░░░░░░░░░░░░░░░▄██▀    
       ▀███▄░░░░░░░░░░░░░░░░░░░░▄▄██▀      
          ▀████▄▄░░░░░░░░░░▄▄▄███▀         
              ▀▀▀██████████▀▀▀             

    
                         [ Website ]                    
    
bucksman5233
Full Member
***
Offline Offline

Activity: 264
Merit: 100


TV TWO - Connect your TV to ETH Blockchain


View Profile WWW
September 02, 2017, 02:11:04 PM
 #3

I think it's just a small pullback of Bitcoin. Last week all the alts went like crazy including Bitcoin so this may be a small correction. Usually at weekends altcoins tend to soar lightly.

ahmadakbari
Full Member
***
Offline Offline

Activity: 602
Merit: 116


View Profile
September 02, 2017, 02:17:29 PM
 #4

Fluctuations in cryptocurrencies prices are completely normal. Nothing special is happening.
anon4250158
Sr. Member
****
Offline Offline

Activity: 266
Merit: 256


View Profile
September 02, 2017, 02:21:03 PM
 #5

Fluctuations in cryptocurrencies prices are completely normal. Nothing special is happening.


Agree with this guy.  We've all seen swings larger than this, and nothing bad happened.  Don't panic and maintain your positions.  You've got to wait out the fluctuations.
jdlr
Full Member
***
Offline Offline

Activity: 160
Merit: 100


View Profile
September 02, 2017, 02:23:31 PM
 #6

Fluctuations in cryptocurrencies prices are completely normal. Nothing special is happening.

how long will the fall last you think?
abayan
Sr. Member
****
Offline Offline

Activity: 686
Merit: 260



View Profile
September 02, 2017, 02:31:03 PM
 #7

Last time it was Bitcoin cash, before that BitCoin was on a massacre.. What is it this time?
Didn't you think some similarities on it. When bitcoins dumps too hard altcoins were affected, and when bitcoins is keep on rising the price the price of altcoins are affected also. Because the main thing is people sell their bitcoins on panic for both e.g bitcoins price high they sell their altcoins in loss to sell their btc because of high price.  In dump of btc they panic to sell to not loss big amounts.

▄▄▄██████▄▄▄
▄███▀▀▀▀▀████▄▄ █▄▄
▄▄          ▀▀████▄  ██▄
█████▄           ▀█████  ██▄
▄█████████           ▀█████ ███▄
▄█████████▀▀           ▀█████ ███▄
▄███  █████             ▀█████ ████
███  █████                █████ ████
███ █████                  ████  ████
███ █████                ▄████  ████
███ █████                ███████████
▀██ █████▄                █████████
▀██ ██████▄                ▀█████
▀██ ███████                  ▀▀▀
▀██ ██████▄▄                 
▀██ ██████▄▄▄▄▄▄▄▄▄▄▄▄███▀
▀▀ █████████████████▀
▀▀▀██████▀▀▀▀

Fast, Secure, and Fully

DecentralizeTrading
BACKED BY:
─────────────────────────
BINANCE
─────── LAB
&█████████████████████████████████ █  ███
█▀    ▀█  ███▀▀▀▀▀████████  ████▀▀███▀ █
█  █████    ▄▄▄▄▄  █  ▀  █    ███  █  ██
█▄    ▀█  ██       █  ▄███  ██████   ███
█████  █  ██  ███  █  ████  ████  ▄  ███
█▄    ▄█▄  ▄█▄     ▀  ████▄  ▄█   ██  ██
████████████████████████████████████████


  Whitepaper
 Medium
Reddit
lakimens (OP)
Full Member
***
Offline Offline

Activity: 392
Merit: 101

PVxYGaa1UZM6oDqW3ZKe4Esi18DgwBpDkr


View Profile
September 02, 2017, 02:33:02 PM
 #8

The ICO regulation is on a killing streak? Seems overpowered Cheesy
I am not panicking, yes Crypto is volatile, but when you see everything fall at the same time, there is a reason.

   ⚡⚡ PRiVCY ⚡⚡   ▂▃▅▆█ PRiVCY ($PRIV) is a new PoW/PoS revolutionary privacy project Best privacy crypto-market! █▆▅▃▂
    Own Your Privacy! ───────────────── WebsiteGithub  |  Bitcointalk  |  Twitter  |  Discord  |  Explorer ─────────────────
   ✯✯✯✯✯                 ✈✈✈[Free Airdrop - Starts 9th June][Bounty]✈✈✈ ║───────────║ Wallet Windows  |  macOS  |  Linux
ahmadakbari
Full Member
***
Offline Offline

Activity: 602
Merit: 116


View Profile
September 02, 2017, 02:43:05 PM
 #9

The ICO regulation is on a killing streak? Seems overpowered Cheesy
I am not panicking, yes Crypto is volatile, but when you see everything fall at the same time, there is a reason.

This has happened several times. Altcoin prices are always affected by bitcoin price. soon Bitcoin and all altcoins start to increase in price. Just wait and do not panic.
styca
Sr. Member
****
Offline Offline

Activity: 1078
Merit: 354



View Profile
September 02, 2017, 02:48:05 PM
 #10

Last time it was Bitcoin cash, before that BitCoin was on a massacre.. What is it this time?

I think it's due to bitcoin hitting resistance at $5000. When it inevitably fell back, alts fell even more as they always do. Watch for btc recovering, alts will follow soon after.
Celebrity
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250


View Profile
September 02, 2017, 02:49:28 PM
Last edit: September 02, 2017, 03:54:20 PM by Celebrity
 #11

Last time it was Bitcoin cash, before that BitCoin was on a massacre.. What is it this time?

Simply, bitcoin's rise. All people and investors are now getting on bitcoin not to miss its market rally. If they stay on altcois, they will simply miss the whole opportunity of bitcoin.
tavogi.com
Newbie
*
Offline Offline

Activity: 54
Merit: 0


View Profile
September 02, 2017, 02:51:51 PM
 #12

Whenever you see a pullback like this you have to zoom out a bit and put it in context. If a coin is down 10% today but it's up 20% for the week and 30% for the month, there's nothing alarming about that (unless you bought yesterday).
shtako
Hero Member
*****
Offline Offline

Activity: 779
Merit: 502


View Profile
September 02, 2017, 03:08:27 PM
 #13

This is not a bloodbath. Sometime in the future we will definitely see a bloodbath, but this is just a minor correction. I think it will go back up again in a few hours.
nonlinearboy
Hero Member
*****
Offline Offline

Activity: 703
Merit: 500



View Profile
September 02, 2017, 03:52:25 PM
 #14

This is not a bloodbath. Sometime in the future we will definitely see a bloodbath, but this is just a minor correction. I think it will go back up again in a few hours.

I agree with you, this is just a minor correction, not a bloodbath, maybe you are a new guys to this market, it is happens several time this year. Do not worry, if you think it is promising, hold it or sell it immediately.
acpr23
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250


View Profile
September 02, 2017, 04:15:14 PM
 #15

Everything is in red today, weekends effect maybe? Investors cashed out some of their profits from the Bitcoin rise, some cash out due to fud of bitcoin crash. Hold for now.
pynetx
Sr. Member
****
Offline Offline

Activity: 798
Merit: 262



View Profile
September 02, 2017, 05:28:59 PM
 #16

It's just dust settling in after a long ride. It happens all the time nothing new. Everything went up like crazy and now they are settling for their correction points.
Poink
Full Member
***
Offline Offline

Activity: 350
Merit: 122


View Profile
September 02, 2017, 06:10:26 PM
 #17

Two things probably.

The resistance to punch the 5,000 ceiling and the new whales (stock market traders) who are not familiar with cryptocurrency swings yet.  Probably doing massive panic sell offs.

Make that 3...the Chinese regulations probably.  They have a big purchasing power due to sheer number/poluplation.

Market will rally back shortly...just hodl.
babygun
Sr. Member
****
Offline Offline

Activity: 2128
Merit: 254



View Profile WWW
September 02, 2017, 06:16:36 PM
 #18

This is not a bloodbath. Sometime in the future we will definitely see a bloodbath, but this is just a minor correction. I think it will go back up again in a few hours.

Yep you are 100 % right, just a minor correction. Prices first went down, but as you said are now going up again. Good call  Wink



BIG WINNER!
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████
▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░▄███
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████
██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░
▀██░▄▄▄▄░████▄▄██▄░░░░
▄████████████▀▀▀▀▀▀▀██▄
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄
▀██░████████░███████░█▀
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████
▀████████████████████▀




Rainbot
Daily Quests
Faucet
vitarian
Full Member
***
Offline Offline

Activity: 150
Merit: 100



View Profile
September 02, 2017, 06:34:30 PM
 #19

That $5000 was pretty resistant, so much that it feels like it caused it to just dump $500. Actually it's probably just manipulation making it look like it would have reached $5k
Cipherr
Member
**
Offline Offline

Activity: 64
Merit: 10


View Profile
September 02, 2017, 06:36:32 PM
 #20

I mean, I was told around here that BTC has eaten 50% drops in its lifetime. So this little pullback isn't really bothering me even though Im new around here.

I have already mentally prepared myself for some hard pullbacks considering when I look at the market for the past 6 months I just see huge ass growth everywhere. There has to be some giveback at some point. Hopefully many of the people new like me have no patience for after having been spoiled by the bull market and sell off so I can grab up a bunch of cheap priced coins of the good up and coming projects I believe in.
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!