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Author Topic: Over $12B wiped out from cryptocurrency market in two hours.  (Read 410 times)
JamescrypTrader (OP)
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May 29, 2018, 09:09:05 AM
 #1

I am really afraid thinkg the current situation. I know and believe that market can go up anytime. But day by day, people are loosing and moving out from this industry which is really unexpected. What do ou think regrding this?
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May 29, 2018, 09:13:10 AM
 #2

Over $12B wiped out from cryptocurrency market in two hours; Bitcoin, Ethereum, and Ripple are bleeding

I am really afraid thinkg the current situation.
Then don't think of the situation if you are afraid of it. You need some time to rest so your mind will not be focus on the market which is stressful.

I know and believe that market can go up anytime. But day by day, people are loosing and moving out from this industry which is really unexpected. What do ou think regrding this?
You know it but you are doubting it. Let those investors get out of the market while they can but once bitcoin and the rest starts to climb, they'll be back for sure.



 

 

 

 

 

 


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May 29, 2018, 09:17:11 AM
 #3

I am really afraid thinkg the current situation. I know and believe that market can go up anytime. But day by day, people are loosing and moving out from this industry which is really unexpected. What do ou think regrding this?

People don't "move out from this industry". It's only the inexperienced trader wannabes that are losing their money (some their lunch money, some others borrowed money, depending on how greedy they were when they got struck by FOMO).
Some traders have already cached out. Some traders have just started buying again for when cryptos will rise again.

Unfortunately many are thinking only about the price and about the ATH. Well, bad news: it seems that November-December was a bubble. A correction had do happen. Now it's something else (whales' dance), but I hope it won't last too much more...

If you do believe in your coins, then you have to learn about patience too.

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May 29, 2018, 09:18:11 PM
 #4

This is the problem that we are dealing with right now, so much money is leaving the crypto market each day which is making the prices of the coins to fall down. Even though I know that the price would go back up, things like this just means that it would take much longer than normal for the prices to recover again. People need to stop selling so much coins, it is affecting the prices.

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May 29, 2018, 09:23:04 PM
 #5

Since January, I've read so many different predictions. These are absolutely diametrical opinions. Some predict a fall, others promise incredible heights. I think the first and the others are wrong. Now no one knows what factors will affect the market in the future, no one knows what will happen tomorrow.
One thing is clear to me at 100% - bastards bankers have come close to cryptocurrency. They buy up various exchanges, invest large sums in projects to manipulate prices, they have good marketers to manipulate public opinion.

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May 30, 2018, 10:32:20 PM
 #6

I know the market is facing price crash right now and many people have started to panic for this, But, my suggestion is price fluctutation is very normal phenomenon to crypto market. There's nothing to worry about it. the price will rise up very soon.

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May 30, 2018, 10:32:58 PM
 #7

I'm still hodling, it will rebound.

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May 30, 2018, 10:36:42 PM
 #8

I am really afraid thinkg the current situation. I know and believe that market can go up anytime. But day by day, people are loosing and moving out from this industry which is really unexpected. What do ou think regrding this?

I think that all this is planned. I do not believe that this is already over and that there will be no more growth

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May 30, 2018, 10:38:31 PM
 #9

I am really afraid thinkg the current situation. I know and believe that market can go up anytime. But day by day, people are loosing and moving out from this industry which is really unexpected. What do ou think regrding this?


many are experiencing the same thing but it does not matter as long as many who want crypto then the attraction will increase again
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May 30, 2018, 10:39:41 PM
 #10

I'm still hodling, it will rebound.

Sure thing. I'm sure of that too. The market cap was somewhere around $280 billion dollars in February - march when the bear market was at it peak. The market recovered to over $400+ billion dollars market capitalization. Currently, every is just selling whatever they think should be sold while the whales prey on the the weak hands. So I'm not really surprised. The market will recover soon. If not now, In the near future.

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May 30, 2018, 10:45:24 PM
 #11

you've done a good observation and analysis of the financial transactions on cryptocurrency so you know the money has been withdrawn from the industry, I'm amazed you analyze that far, I think you should stay calm and you should relax, not everyone leaves the industry, investors will come and go, others will come to change their destiny, I am sure this industry will survive, cryptocurrency will not be extinct.
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May 30, 2018, 10:49:58 PM
 #12

you've done a good observation and analysis of the financial transactions on cryptocurrency so you know the money has been withdrawn from the industry, I'm amazed you analyze that far, I think you should stay calm and you should relax, not everyone leaves the industry, investors will come and go, others will come to change their destiny, I am sure this industry will survive, cryptocurrency will not be extinct.
Do you believe in the news? they are manipulating the market. If you can hodl then hold don't believe on them they are the cancer of our industry. I hate it that they manipulate the market even the bitcoin itself that's why the whole market is so affected. I had read some articles regarding manipulation on coinmarketcap.
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May 30, 2018, 11:00:38 PM
 #13

I am really afraid thinkg the current situation. I know and believe that market can go up anytime. But day by day, people are loosing and moving out from this industry which is really unexpected. What do ou think regrding this?

Remember it has gone up from around 290 billion dollars to the more than 325 billion just in some hours. It's just a common thing. I remember the marketcap of crypto has decreased more than 500 billion just in some months. That's even worst than it. You should not feel worried about that.

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May 30, 2018, 11:06:57 PM
 #14

I am really afraid thinkg the current situation. I know and believe that market can go up anytime. But day by day, people are loosing and moving out from this industry which is really unexpected. What do ou think regrding this?

I think that this is just a very strong correction that began in January, and maybe that it will be another few months. But after that, I'm sure of growing

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May 30, 2018, 11:48:34 PM
 #15

I am really afraid thinkg the current situation. I know and believe that market can go up anytime. But day by day, people are loosing and moving out from this industry which is really unexpected. What do ou think regrding this?

I think that this is just a very strong correction that began in January, and maybe that it will be another few months. But after that, I'm sure of growing
Now everything is again recovering and the removed amount is again coming to the market. It is actually the traders who put their money to get a high price and then start to remove when they see the price better and feeling themselves at a profit and in this remove the market drops. But again with this drop they start to invest which causes the fluctuations in the market.
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May 30, 2018, 11:56:34 PM
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The most dangerous for investors is the uncertainty. People simply do not know what will happen next, so they are covered by a panic and they all sell.
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May 31, 2018, 12:09:15 AM
 #17

I am really afraid thinkg the current situation. I know and believe that market can go up anytime. But day by day, people are loosing and moving out from this industry which is really unexpected. What do ou think regrding this?

Whos moving out?whos that people?its not because they are withdrawing their funds meaning they are leaving this industry noob,its normal for a investors that if they think the price is threatened then will releasing funds for safekeeping but not meaning to lose their faith in crypto.

If i were you,i will leave this community because people like you dont deserve to be here,just find a job work in real and never come back in crypto
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May 31, 2018, 12:25:23 AM
 #18

Short term price movement only matter if you are a trader or if you have foolishly invested the money you will need to meet your basic needs. For the long term investor they are meaningless. The loss of a few people failing at trading will also have very little impact on the long term prospects for the industry as a whole.

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May 31, 2018, 12:27:21 AM
 #19

Investment market is full of uncertainty. Here no one knows the future that’s why the investment market is risky. The reward of this risk is the profit. So price movement is common here. Here within one second you will lose money and you will earn double in the next second. This is not for the naïve investors.
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May 31, 2018, 01:12:03 AM
 #20

cryptocurrency especially bitcoin has face the same problem years ago, but the fact price of bitcoin still on rising since the growth of blockchain and smart contract so if the project the ICO are success i really think crypto will move fast forward revolutionized the financial technology for the rest of the world. so every investment has it's own risk, just do risk management based on your capital and strategy.

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