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Author Topic: Big Cryptos Dropped this Week  (Read 129 times)
lushlifing
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May 13, 2018, 03:33:48 PM
 #1

The cryptocurrency markets are set to end the second week of May on a low note.

The total market capitalization for all cryptocurrencies fell below $400 billion for the first time since April 26 on Friday, and has dropped 15.97 percent week-on-week. As of writing, the combined market value stands at $385 billion and could see a further decline as indicated by a head-and-shoulders breakdown pattern on the price charts.

Looking at notable individual cryptocurrencies, bitcoin (BTC) has depreciated by 12 percent week-on-week and has outperformed its closer rivals. For instance, ethereum (ETH) and EOS have dropped 15 percent each and Ripple (XRP) has declined by 34 percent.

Bitcoin's dominance rate, which represents its percentage of the total market capitalization, moved above 38 percent for the first time since late April. This likely indicates that money is possibly being rotated back into bitcoin from alternative cryptocurrencies, so BTC's relatively good performance this week is not surprising.

https://www.coindesk.com/most-big-cryptos-dropped-this-week-these-two-bucked-the-trend/
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thefaucetrunner
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May 13, 2018, 03:56:19 PM
 #2

No doubt that BTC is headed back downward, but I don't believe it will drop below $6k... it will be a great buying opportunity if it does.


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jakerfox
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May 15, 2018, 01:37:39 AM
 #3

Though for previous couple of weeks the prices of Bitcoin fell a little, but it is now gaining back its position. The price is again rising high. It feels great to see that bitcoin has outperformed all other coins in the market.  Roll Eyes Roll Eyes
garybyerz
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May 15, 2018, 02:07:04 AM
 #4

Big Cryptos drop this week based on many reasons but we have to think it’s like stock market and also price may vary and fluctuate so it is not a matter of panic but the bitcoin price still the top position in the market because people are investing money on it and it profitable and limitless trading facilities encourage their customers.BTCBTC
kayakcrypto
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May 15, 2018, 02:25:28 AM
 #5

This is very natural on the part of cryptocurrencies that thier price fluctuates. So it is obvious that the price can go down and I think ther is nothing to panic on this. It has just went down recently and soon will start increasing. That is this volatile currencies are all about. So, stop worrying and stay positive. Huh Huh
Azzhan
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May 15, 2018, 02:27:26 AM
 #6

It worries me that the value of bitcoin is still falling.
Because the whole market doesn't have new money coming in.

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May 15, 2018, 11:53:31 AM
 #7

Yes, from last few days market is becoming bearish. I think it is going in due to some negative news of recent time. I hope this is for short time and will back again.
jasydoggye
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May 15, 2018, 03:52:20 PM
 #8

It is not a big deal for the investment market. Ups and downs are the law of the nature. There is no common rule of thumb that price will always increase and it will not decrease. In general sense due to several factors price can be dropped down and it can rise up also. The price has lowered this week and possibly it can go lower in this month but it will rise up very soon. Since the demand of the bitcoin is increasing but the supply is limited so the price will rise up again. So keep calm and invest.
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May 15, 2018, 03:59:49 PM
 #9

Maybe it's a big dropped in this week, but did you know price falling in January 2018, that's only called Big Dropped, from $8xxB to $4xxB to $2xxB, so I don't care anymore because I'm not a trader, I'm holding cryptocurrency for future and believed that it's must become popular soon, so price correction is normal, don't always panic

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May 15, 2018, 04:03:21 PM
 #10

No doubt that BTC is headed back downward, but I don't believe it will drop below $6k... it will be a great buying opportunity if it does.
yeah i do think bitcoin already solid in 8k - 9 k. market growing bit by bit and i do think bch is really good right now.
Though for previous couple of weeks the prices of Bitcoin fell a little, but it is now gaining back its position. The price is again rising high. It feels great to see that bitcoin has outperformed all other coins in the market.  Roll Eyes Roll Eyes

Yes and soon altcoins will rising too. This happen like many times. when bitcoin increasing altcoin will drop and vice versa.

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May 15, 2018, 04:13:23 PM
 #11

I do hope that Consensus 2018 which is held right now will positively influence the market and soon we will see bitcoin and other cryptocurrencies grow in price.

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May 15, 2018, 04:13:41 PM
 #12

It is only natural that BTC and other cryptocurrency will have a downward trend this coming weeks but it will only be the correction that we are expecting since the pump in the last two weeks of April and the first week of May in which BTC came around 9.7k USD. This also seems to be the case to other crypto. However do not expect a great dip because they ate just circulating the supply that is based on the current demand on the market.
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May 15, 2018, 05:58:25 PM
 #13

bitcoin might has depreciated by 12 percent week-on-week and has outperformed its closer rivals. but that won't stay that way buddy, kind will rise soon. ethereum is also facing a lilbit of bad time, which is sad, but they will become stable again.
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May 15, 2018, 06:13:36 PM
 #14

That may be but I would have my hopes high for the end of Consensus 2018, things usually pick up after this event.

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May 15, 2018, 06:16:54 PM
 #15

BTC might test 6k before coming back up/falling even more. I have seen people saying that bullmarket won't start before BTC has fallen to 3k. The truth is that no one really knows what is coming. I hope that 8k becomes the new 6k and that cryptomarket starts going up again or finds a stable ground.

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May 15, 2018, 06:18:18 PM
 #16

The volatility is not new to the cryptos and it doesn't look like big drops too because the price swing of cryptos are getting broader so it becomes the natural characteristics of the crypto currencies.So don't speculate them too mch guys it will just move according to its market condition.

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May 15, 2018, 06:25:28 PM
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 #17

I do hope that Consensus 2018 which is held right now will positively influence the market and soon we will see bitcoin and other cryptocurrencies grow in price.
I think Consensus will not impact much the price of BTC this year. There is a risk that price will go downward after that event. Reason is that there is an artificial hype based on expectations of BTC price surge according to the previous years pattern.

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May 15, 2018, 06:34:46 PM
 #18

This recent drop was very disappointing and discouraging, because I and many other forum members really believed this time everything was different and that bitcoin was gradually moving to surpassing the $10k barrier. And then we see it below $9k again, as if no positive signs were around. A lot of people are writing about Consensus 2018. The news in Russian are saying it indeed has positive impact on btc, pushing it forward. But I bet such things can't be game-changing anyway.

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May 15, 2018, 06:47:02 PM
 #19

I do hope that Consensus 2018 which is held right now will positively influence the market and soon we will see bitcoin and other cryptocurrencies grow in price.
I think Consensus will not impact much the price of BTC this year. There is a risk that price will go downward after that event. Reason is that there is an artificial hype based on expectations of BTC price surge according to the previous years pattern.

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May 15, 2018, 06:49:15 PM
 #20

Historically, after the consensus conference that is currently going on in the united states of america, market has grown well, the positive indicators are that this time the number of participants in the conference is the most ever and also people paid for expensive tickets to attend this conference, i think history will repeat itself and we will see huge volume growth in the market in coming weeks.

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