Over $12B wiped out from cryptocurrency market in two hours.

[iryboy]

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?

No need to panic, just hold your horses  , it is quite normal money find an exit route when the market is down due to panic and new investor hesitate to make new investments. Once the market is recover and stable we'll see new investors start investing.

[Twentyonepaylots]

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.

Alarming question as posted in this wall. If you go back on the market preview about Bitcoin or the trading market reaction after it was posted on ICO somewhere in 2008, You can notice the same situation had happened on Bitcoin, the price value goes down and goes up depending on the volume of investment on  the market. Remember  Market is VOLATILE. anything happened at any given time, further, there is a RISK FACTOR in investment trading, it would  depend how much money you put in, it is just the same amount of RISK your are in.

[Ricsung]

No one can tell you the answer. In fact, many people believe that bitcoin will continue to rise, but they do not know when it will happen. Maybe a year, maybe two years.

[chocopapaya]

As long as there are no regulated exchanges, market makers, and transparency crypto will be wild wild west of volatility.

When you see 12B wiped of the market, it is not necessarily 12b leaving the market, it is just being moved around.
There are quite a few megagroups of whales who pull together their resource to manipulate the market to how they want it to be.
In many cases, this looks like the market is crashing.
What is really happening, are huge dumps amongst these whales to purposefully force prices down so they can buy in at a price they want.

One thing we can be sure of, is that:

#1 Crypto will never go away, the tech has already entered the mainstreams mind and the financial benefits of the technology are too much to ignore

#2 The market is far away from truly crashing (bubble economies reach the trillions of dollars before popping).

As far as when the next bull run is...who knows?
This year? Next week? Next year?
It will come, but can not tell when

[Black Coffee]

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?

who did you say moved? maybe a frustrated person who always does not understand the crypto that will fail and give up to move on to another industry. if they can be patient and want to learn, then I am sure they will love it and continue to want to settle in the world of crypto.

[ethergod]

I think too many people are jumping into to this asset class without understanding the volaility and risk. $12 billion in a market worth hundreds of billions of dollars is not that significant.

[Crypto_Train]

I'm not to concerned. It would just be some whales taking profits for now and will buy back in again as it hits low points.
This happens all the time, lows and highs of the crypto market. Just enjoy the ride.

[8count]

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 wouldn't stress to much, yet. If the market cap goes under $100 Mill will be the time I will be very concerned. The market cap this time last year, taken from CMC was June 4th 2017 $90,745,343,290.

So we're still up on last year and I have no doubts in the coming months that the market will be bullish again. People are becoming smarter with their investments, so make sure you do your research into them. Because it will be only projects with good products/technology advancements that will be the real winners.

[Duzenn]

In a bear market, any decline is normal.
People are losing confidence, so it's a terrible thing.

[reality18]

The issue of people moving out has been there since the inception of Bitcoin yet the market volume and cap of Bitcoin keeps increasing each time - a sign of influx of investors. There are always people who do cannot stand difficult situations and mostly those people are the ones who normally are driven by FOMO and in the end affected by FUD and panic sell.

[Palider]

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?

Men dont be afraid because it is common here in cryptocurrency be afraid when you see Eth goes back to $200 usd and bitcoin to $2000 that is the time to be afraid but with this little crash you shall not panic unless you want to lose asset. You can always take advantage of market crashes because that is the time when you can buy cheap coins.

[masterrex]

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?

You know if you really Follow how Crypto Works you are not panicked like others do thats the nature of Cryptocurrency the market fluctuation is just normal the value of Bitcoin in this particular month of 2017 is at $2000~$3000 level? thats one year ago  now at $7400+  level its double  a 200% growth from that previous month of the year 2017. my point is that crypto currency is growing every year despite there is a lot competition that happening now. To everyone that has plan to venture into Crypto currency they must learn the volatility and risk factor associated in this industry.

[anavir]

SO sad to hear news like this.But i don't think it will happen.Maybe the best thing for us to do is to read some articles about bitcoin to know the truth.

[Elcapsono]

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?

And what is there to think about, you can see for yourself how market capitalization is falling and the volume of trading. And constant corrections beat out the right path even the most loyal investors, but I hope the end of summer will give us hope to regain our losses.

[rezha82]

yes of course for now I see a lot of altcoin that goes down drastically and it panics some investors and maybe there are many people who hold their altcoin and indirectly know the situation like that they will soon sell it, likewise people who want to buy altcoin because it's the same way they cancel the purchase and wait for the right time to buy it.

[Red-Apple]

when a trader buys some shitcoin they want to make profit and in order to do that they have to dump that shitcoin to get their profit out. but whenever a newbie who thinks himself a trader buys a shitcoin he wants to get rich and to do that they think if they hold on to it  tight they can become rich some day.

the  combination of these two means big pumps while the number of bag holders increase and then a slow but big in total dump because bag holders exit slowly while the traders milk them on every dead cat bounce.

this means you see these kind of big dumps all around the altcoin market in a short period of time.

[jouns]

The Crypto market is now in an embryonic state, analysts predict an increase in capitalization of up to $40 trillion in a few years. We are waiting for the regulation and further development of the market.

[Zekemporium]

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?

Really ? From where the news is really coming? I dont seen anything like that happening here or there is no real buzz about it yet. Where did you learn that from. Do you have any source for it.

There was last week when people shown that about 48 Billion dollars were wiped out, they sourced it but that did not move market by much so I dont think that 12 billion would do any major effect on it.

[Muhammad Muneeb]

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?

take this as opportunity if you have money.. their greed cause the loss just add 5% into your purchase price and then place a sell order.. people are not moving out from crypto real investors are waiting to buy more.. just clock on the depth view map of any coin you will see there high buy orders..

[alani123]

Really though, people shouldn't be paying all that much attention to market capitalizations of cryptocurrencies. The liquidity isn't that great outside of the top 10 or perhaps even top 5 currencies and among those there even are exceptions. Further, the volatility is just too big for the market cap to be a reliable metric.