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Author Topic: why the dump ?  (Read 1678 times)
MintCondition
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September 06, 2017, 01:27:33 PM
 #61

hi guys anyone here  who knows why all altcoins are down?

anyone expecting bitcoin to hit 4k again?
Maybe it is because of the incoming hardfork to happen in the month of November. Same thing happened last month of august wherein the  market value of Bitcoin decreased before the fork and pumped after it. I am expecting that after the hardfork in November, it will increase again.

Incoming hardfork is far to be happen and the one I am seeing the reasond behind the dump is due to china banning of ICO's and maybe bitcoins get affected of it since maybe there fellow mens withdrawn there balance for there own safety.
Chinise investment can really be a big impact on the dump of btc value this past few days. Btc value will soon arise so everything will be fine. Chinise businessmen will find a way to access it.

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September 06, 2017, 06:20:24 PM
 #62

hi guys anyone here  who knows why all altcoins are down?

anyone expecting bitcoin to hit 4k again?
Maybe it is because of the incoming hardfork to happen in the month of November. Same thing happened last month of august wherein the  market value of Bitcoin decreased before the fork and pumped after it. I am expecting that after the hardfork in November, it will increase again.

Incoming hardfork is far to be happen and the one I am seeing the reasond behind the dump is due to china banning of ICO's and maybe bitcoins get affected of it since maybe there fellow mens withdrawn there balance for there own safety.
Soon after the ban of ICO, the market started to collapse and every coin was showing a decrease in value and in a short it has started to function as in the past days of experiencing growth. Dumping and price pumping is quite common and most of the time the end result will be an increase in price.

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September 06, 2017, 06:29:41 PM
 #63

We recently witnessed the massive dump in the market due  to China banning ICOs in the country. That's is the reason why must people got panic and started dumping their coins. Cool

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September 06, 2017, 07:49:48 PM
 #64

We recently witnessed the massive dump in the market due  to China banning ICOs in the country. That's is the reason why must people got panic and started dumping their coins. Cool

It was a correction that was due for quite some time, which has nothing to do with China cleaning out its ICO market. People just don't know what to say or think anymore, and thus start mimicking the language of certain news sites that are desperately looking for attention -- try to think for yourself. As we speak, the market has bounced back after traders cashing out profits -- it just shows that there are a lot people looking to benefit from this correction by entering the market. If this means that we have seen the worst of this correction, we're likely due for a push over the $5000 on every western exchange, and not just Asian exchanges.

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