This dump will scare a lot of people away from Crypto!

[Matthewmorris4]

The media were singing the praises of BTC, Cardano, Stellar, Ripple, etc and NOW LOOK.
In my opinion this will scare any newcomers and existing participants of this market space!
A lot of damage has been done!
Just about every chart analyst didn’t see this!

indeed no doubt the newcomers will feel scared especially if they are new to crypto and immediately invest without seeing the positive and negative
however, the likelihood of btc to crawl up will always be there and we can see when the momentum before, it really happened, so I guess this only has an impact on newcomers, not for old posters

[K0korap]

The media were singing the praises of BTC, Cardano, Stellar, Ripple, etc and NOW LOOK.
In my opinion this will scare any newcomers and existing participants of this market space!
A lot of damage has been done!
Just about every chart analyst didn’t see this!

Well just as well all understand that this dump is quite normal and of course those people who's new to the market will understand first how it works. I think for as long s they get to understand the circulation they'll be able to grasp how big of an opportunity they have in the crypto.

[Karisma Black]

The dump, as you call it, will be over in a few hours.
Nothing much has happened and crypto will recover easily... unless Kobayashi sells again.

[tomwell]

this might scare any newcomers. but maybe existing participants of this market space are not dumb enough, the knows how the market works man, they will understand. 

[wayaneka]

Anyone who want to jump in to crypto market should be have some knowledge about risk management and technical or fundamental analysis, they should be know crypto has very high fluctuacion that will make big loss or possible to get huge profit in short times, there are many people not ready for that, and finally they get lose and left the crypto . Also important to use money that afford to lose, people should be understand every risk when jump in to crypto.

[thomaseco]

It is not the end. Price might go down depending on different situation. We also have seen its getting back from a very low stage. So better HODL right now. It will back soon.

[Tendo]

Lol, its a cycle. Its going to go up and down and in 5 months.......blast off.

[HoardApp]

It's cyclical. Bull -> Bear -> Bull -> Bear -> Bull -> Bear. At the end of the day it's mainstream coverage of crypto/blockchain, which means people are definitely noticing and taking interest.

[poornamelessme]

The dump, as you call it, will be over in a few hours.
Nothing much has happened and crypto will recover easily... unless Kobayashi sells again.

It's a good lesson to newcomers about whales.

And unfortunately this specific whale still has a lot of coins to sell... this will repeat unless he ever
decides to sell OTC.

It's also a lesson on how technical/expert analysis all goes out the window when a whale gets involved (up or down).

[judyrob]

It is common if you have long included in crypto. up and down prices have become a risk in crypto and should be skipped. Crypto basically has a great future ahead later with State support and has a lot of technological advances. don't get too freaked out when the market's decline.

[bagikoin]

not a scare, but indeed it's bound to happen. dump and pump always happen all the time without being able to predict. certainly, things like this need some experience in the past to be calm and able to cope with an outlet for it.

[Elcapsono]

The media were singing the praises of BTC, Cardano, Stellar, Ripple, etc and NOW LOOK.
In my opinion this will scare any newcomers and existing participants of this market space!
A lot of damage has been done!
Just about every chart analyst didn’t see this!

And you think that a lot of people are left after the crisis, or those who have lost almost everything, even taking loans for this, will return here. This is already understood by all newcomers and has so far taken the waiting position to invest in the ideal moment. Or have chosen other ways to invest your money.

[crazylikeafox]

Not only newcomers experience being scared of the dump that has been happening in the market. Many people in crypto world experience fear and worry, that’s why they tend to make some wrong decisions and lose some money. What I can suggest is that to keep calm and wait for the right time. Make this dump as an opportunity to buy more coins and sell when the market recovers.

[Haunebu]

The dump, as you call it, will be over in a few hours.
Nothing much has happened and crypto will recover easily... unless Kobayashi sells again.

It's a good lesson to newcomers about whales.

And unfortunately this specific whale still has a lot of coins to sell... this will repeat unless he ever
decides to sell OTC.

It's also a lesson on how technical/expert analysis all goes out the window when a whale gets involved (up or down).

Good point. Technical analysis tends to help sometimes, but is not always accurate due to the extremely volatile nature of this cryptocurrency market. This particular whale will continue to offload his BTC at regular intervals which will obviously continue to hurt the market which is something we have known for quite sometime and have been prepared for. This is a regular dumping strategy being employed by a whale which is nothing new. If investors are getting scared off by such dumps, they must have not done enough research about this volatile cryptocurrency market. Let the weak hands go.

[KuromaYoichi]

The media were singing the praises of BTC, Cardano, Stellar, Ripple, etc and NOW LOOK.
In my opinion this will scare any newcomers and existing participants of this market space!
A lot of damage has been done!
Just about every chart analyst didn’t see this!

This is a normal correction, not the crash like three months ago, that kind of correction that will scare people to enter this space, not this kind of small price movement as it is something that happens a lot even in stocks. There's no way that the price will keep increasing, it needs to go down a little before going up again. I am quite amazed that there's a lot of people that act like it's the end at every little market correction. Also chart isn't always right, it helps but you can't expect every analysis to be correct.

[Herbert2020]

i don't think what media says is scaring anyone away, it may make them dump but not make them go away. on the other hand the pumps and dumps that all these altcoins have will surely scare a lot of the investors away and push them towards bitcoin more. because everyone will eventually see that the altcoins which they were bag holding get dumped at some point but in the end they will see bitcoin is still rising despite all the drama that it has. which means they will eventually give altcoins up and go back to bitcoin only.

[Lwtelencio]

The media were singing the praises of BTC, Cardano, Stellar, Ripple, etc and NOW LOOK.
In my opinion this will scare any newcomers and existing participants of this market space!
A lot of damage has been done!
Just about every chart analyst didn’t see this!

We cannot blame the media by giving a fake news about cryptocurrency thats only a distraction from all investor on crypto, but if you are a true believer the power of cryptocurrency just stayed on trend and forget negative thoughts.

[The Cryptologist]

For experienced traders and holders, a dump is just an occasional scene in bitcoin so it will not really scare a lot of people from crypto. There are more holders now because I believe that those who panicked when btc was in $6k are gone now.

[poornamelessme]

i don't think what media says is scaring anyone away, it may make them dump but not make them go away. on the other hand the pumps and dumps that all these altcoins have will surely scare a lot of the investors away and push them towards bitcoin more. because everyone will eventually see that the altcoins which they were bag holding get dumped at some point but in the end they will see bitcoin is still rising despite all the drama that it has. which means they will eventually give altcoins up and go back to bitcoin only.

Disagree about people being scared aware from altcoins.

Let's not pretend that bitcoin is immune to pumps and dumps. Perhaps it's not always as common due to better liquidity, but it's hardly immune to dumps -- as we just witnessed with the Mt. Gox Whale.

And as btc goes, the market goes. Many altcoins rose at the same, or quite often higher rate than btc did during last year's rise. Sure, some really junky alts may get dumped to smithereens, but it's not like folks will rush back into btc only. There is hardly a reason to if some alts go up at an even higher rate.

I find it weird that you act like btc doesn't get pumped and dumped like any other coin. All it takes are larger whales.

[indobitcoin.tk]

Yes, for sure this new person would be enough to make them afraid. many who have not they know about the market and many are afraid to lose their assets in advance. If the longer notice, of course, the longer the market movements will be familiar with this sort of thing.