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Author Topic: $43 Billion Wiped Out of Crypto in 5 Days as Bitcoin Price Rebounds  (Read 184 times)
cryptofan999
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August 19, 2018, 10:43:04 AM
 #41

That's a shocking news. The cryptocurrency market lost almost 12 billion dollars within 24 hours on August 11. This steep decline of price of cryptocurrencies have left the investors astonished.
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August 19, 2018, 10:51:47 AM
 #42

Why what happened..whats going on can't understand...how fast is alt coins downward..worried about losses too much  Huh any hope for coming days??
Nobody has good opinion about this. But we can say this is because people want to stay safe to pull out the money first before good news coming. In the end of september i think great news will come about bitcoin so i just wait till that day. We hope the bearish is finish soon.
FedorIzmailov
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August 19, 2018, 10:54:37 AM
 #43

in two days everything went down even lower! I do not know to be honest when it all ends

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mecke4
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August 19, 2018, 11:02:05 AM
 #44

It never ends.  Crypto assets are volatile. 

The NYSE is volatile at times too.
cryptofun888
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August 19, 2018, 12:35:30 PM
 #45

The predictions are not always accurate but it could be close to it. Plus we need to stop panicking and need to stay calm.
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August 19, 2018, 12:40:43 PM
 #46

This is stressful but don't panic it was a trap those weak hands will fall into this many people are using false news in crypto so the market is down and worse scenario is many people are dumping also because of that false news . Better not to give an attention in some news. So that you will not be affected on that.

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August 19, 2018, 12:56:29 PM
 #47

Why what happened..whats going on can't understand...how fast is alt coins downward..worried about losses too much  Huh any hope for coming days??

Volatility and decentralization,only newbies are being affected by this,because those members that has been around for years knows that thisis a normal scenario when talking about crypto capabilities ..for how many times that we've been here we cant count how many situations like this happens and yet bitcoin stands strong together with altcoins

Kprawn
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August 19, 2018, 01:40:37 PM
 #48

These are the "Clickbait" type articles that are being used to draw the most attention to their site. You read that and you

think, damn!...The sky is falling and then it turns out that it is just a minor dump of all Crypto currencies and the sky is not

falling after all.  Grin If it was any other commodity, I would have "exited" when something likes this happens, but this is Bitcoin

and we know what happens after a major correction.  Grin

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CoinOnTheBeach321
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August 19, 2018, 04:31:00 PM
 #49

It will be better if we just stop following CNN news for this matter. Even though that news channel is the best in the world, but they cause panic among the people for no reason.
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August 20, 2018, 09:24:21 AM
 #50

These are the "Clickbait" type articles that are being used to draw the most attention to their site. You read that and you

think, damn!...The sky is falling and then it turns out that it is just a minor dump of all Crypto currencies and the sky is not

falling after all.  Grin If it was any other commodity, I would have "exited" when something likes this happens, but this is Bitcoin

and we know what happens after a major correction.  Grin

Yeah and I can't wait what will be unfold after this major correction. The market is flooded by newbies that doesn't know how to withstand every volatility and easily dump their holdings. Everything that happen now is all usual and nothing to be worry so quit thinking negativity and wait for the market turn the other way.
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August 20, 2018, 02:50:20 PM
 #51

These are the "Clickbait" type articles that are being used to draw the most attention to their site. You read that and you

think, damn!...The sky is falling and then it turns out that it is just a minor dump of all Crypto currencies and the sky is not

falling after all.  Grin If it was any other commodity, I would have "exited" when something likes this happens, but this is Bitcoin

and we know what happens after a major correction.  Grin

Yeah and I can't wait what will be unfold after this major correction. The market is flooded by newbies that doesn't know how to withstand every volatility and easily dump their holdings. Everything that happen now is all usual and nothing to be worry so quit thinking negativity and wait for the market turn the other way.

The problem with these newbies are the negative consequences of their actions. They SELL too early, because they do not

know the ropes and then they get burnt and they lose money. The next thing you know, they point the fingers at Bitcoin,

because it is human nature to get excuses for your own mistakes. Now, suddenly Bitcoin is a bubble and a Ponzi scheme and

all the negative things that they can think of, but never their own fault.  Roll Eyes

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tokatuku
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August 21, 2018, 10:27:37 AM
 #52

Market capitalization was wiped out due to the delay of the ETF bitcoin and many people lost confidence in the market and they sold off. When all the hype surrounding the ETF exploded because of its apparently pretty speculative sell Because they did not go their way. We need to avoid panic and manipulation. Otherwise, we can not see the stability of the market.
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