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Author Topic: With each drop crypto currencies are getting stronger!  (Read 82 times)
frowsiter (OP)
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June 23, 2018, 05:03:16 PM
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Who think about the current scenario in this way?

I mean when the crypto currencies fall down then they are actually getting over bought with the investors as they seek the opportunity to buy more and more coins over the time. I think it creates new stream of investment for the people around crypto space.

This actually makes it more stronger as the people keep buying more with each drop! Who agrees and who dont?
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June 23, 2018, 05:07:59 PM
 #2

Maybe with some cryto coin/token but I think most follow bitcoins flow.

I have HODL a lot of coins/tokens ever since September and most of them follow what happens to bitcoin. So I think it's basically bad to HODL when bitcoin is falling down badly.

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June 23, 2018, 05:15:10 PM
 #3

Well if the price is dropping that actually means that there are more people selling than buying, or maybe we can't really make comments related to the number of people buying and selling, but we do know that we have a larger volume of sells compared to the volume of people buying in. So in theory, it would mean that crypto would be getting weaker.

I do believe that crypto is actually getting stronger with each drop, but for a different reason. I think that the weak hands that were holding crypto are leaving the space, and the ones that are buying now, will be less likely to sell it in the future, simply because that i they are buying when the price is dropping, they are doing it because they believe in it's fundamentals and are probably planning on holding it long term.

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June 23, 2018, 05:16:59 PM
 #4

Maybe but you can't deny that lots of coins will go to zero while the market drops
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June 23, 2018, 05:18:43 PM
 #5

Who think about the current scenario in this way?

I mean when the crypto currencies fall down then they are actually getting over bought with the investors as they seek the opportunity to buy more and more coins over the time. I think it creates new stream of investment for the people around crypto space.

This actually makes it more stronger as the people keep buying more with each drop! Who agrees and who dont?

You have mixed that up bro, when a market is in a sell out state, it will only tend to the over sold region, which brings the buying opportunity and not overbought as you have stated. You are right, as this is more of a chance for those who want to enter a long position in any coin or token of their choice based on the long term prospect to start doing so, which makes me agree that it is more like creating advantage for anyone who is smart, but quite unfortunate that we have few of those, except for those who love whining during periods like this.
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June 23, 2018, 05:54:50 PM
 #6

People are getting scarier. How can you tell that the ratio of buying to selling is increasing. Many holders are selling their BTC out of panic. And worst thing is many altcoins following the price of BTC and eventually some tokens are fading away. However I hope Investors start buying BTC and make the crypto bull come back.
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June 23, 2018, 05:56:51 PM
 #7

With every drop bitcoin is becoming stronger. It has again reached the new height of 41% dominance in coinmarketcap. With daily new coins, people need to rethink whether we are making cryptocurrency weaker or stronger.

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June 23, 2018, 06:04:16 PM
 #8

Who think about the current scenario in this way?

I mean when the crypto currencies fall down then they are actually getting over bought with the investors as they seek the opportunity to buy more and more coins over the time. I think it creates new stream of investment for the people around crypto space.

This actually makes it more stronger as the people keep buying more with each drop! Who agrees and who dont?
I doubt if there is overbought condition right now.

Market supply is outweighing the demand at this moment. Because of the last year Q4 price rise, investors are beginning to believe that those levels are not going to reach again. You must have noticed that currently coins aren't getting affected by the project development and news release much. You can take example of Tron. It has mainnet release coming and along with that made many recent partnerships. But price isn't showing any significant increase. This means that investors are losing believe from HODL and hence, supply is hanging with less demand.

This is definitely not an overbought condition.
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June 23, 2018, 06:09:10 PM
 #9

When the currency falls means there are more seller then buyers so it is coming to oversold territory and not overbought.
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June 25, 2018, 11:49:58 AM
 #10

People are getting scarier. How can you tell that the ratio of buying to selling is increasing. Many holders are selling their BTC out of panic. And worst thing is many altcoins following the price of BTC and eventually some tokens are fading away. However I hope Investors start buying BTC and make the crypto bull come back.

It hurts a lot
I have always believed that bitcoin dominance is increasing but sadly my portfolio is becoming worthless
And this is not good enough
There has to be some way out of this mess in particular
I’m scared worried and disturbed
I just hope everything works out fine
unusualfacts30
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June 25, 2018, 11:56:46 AM
 #11

Who think about the current scenario in this way?

I mean when the crypto currencies fall down then they are actually getting over bought with the investors as they seek the opportunity to buy more and more coins over the time. I think it creates new stream of investment for the people around crypto space.

This actually makes it more stronger as the people keep buying more with each drop! Who agrees and who dont?

I think you meant oversold not overbought. Current market is oversold big time but there should be shift in the future.

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June 25, 2018, 12:19:14 PM
 #12

It is like self cleaning of the market, it is getting stronger with stronger investors and heading to new highs so we can assume that many weak hands will sell their coins throughout this drop.
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June 25, 2018, 12:22:20 PM
 #13

I agreed with you up to an extent for the fact that, that would work for new investors which are not holding before but just coming in. Likewise, i disagree with you for the fact that it won't for investors who are holding and the fall met in their hands 

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June 25, 2018, 12:24:25 PM
 #14

Who think about the current scenario in this way?

I mean when the crypto currencies fall down then they are actually getting over bought with the investors as they seek the opportunity to buy more and more coins over the time. I think it creates new stream of investment for the people around crypto space.

This actually makes it more stronger as the people keep buying more with each drop! Who agrees and who dont?
I don't, you can see that how the volume of every coin has been dropping a lot due to the bearish trend. This can become another bad thing. they are accumulating more coin but remember that gives a lot of impact to the market too. Just like more newcomers are feeling disbelief about that

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June 25, 2018, 12:24:51 PM
 #15

If it's dropping, that means there's less being bought than sold, how can that mean there's someone accumulating more?
when it stops dropping that's when people are buying!  Huh

but it's probably some rich people who can dump so much btc that we drop 10% in 10 minutes and then they can just buy back and repeat as we've seen the past weeks, same thing every time   Lips sealed

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June 25, 2018, 12:46:20 PM
 #16

If it's dropping, that means there's less being bought than sold, how can that mean there's someone accumulating more?
when it stops dropping that's when people are buying!  Huh

but it's probably some rich people who can dump so much btc that we drop 10% in 10 minutes and then they can just buy back and repeat as we've seen the past weeks, same thing every time   Lips sealed
So you mean that there are some whale people behind this scenario? Well, that was also in my mind that those weak holders easy to panic and sell their holding crypto. I don't believe that each drop cryptocurrencies are getting stronger, that is made those lazy holders panicking in the middle of down trend.
As I have noticed when bitcoin will drop those altcoins will follow so the main reason of dropping in crypto will depend on bitcoin price, more demand in bitcoin to the market it means more people selling.

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June 26, 2018, 09:35:40 AM
 #17

maybe you are right, but I would like to see the growth of the market and all the crypto currency, this fall lasts several months already ...

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