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Author Topic: What the Hell is going on with Crypto market?  (Read 10856 times)
JQCrypto
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August 14, 2018, 02:21:07 PM
 #1

What the Hell is going on with Crypto market?
Bitcoin drops from $19,000 to $6000
ETH dumps from $1400 to $250 today
NEO: $150 to $15
BTG: $400 to $13

God Save Us! Please.
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August 14, 2018, 02:41:40 PM
 #2

What the Hell is going on with Crypto market?
Bitcoin drops from $19,000 to $6000
ETH dumps from $1400 to $250 today
NEO: $150 to $15
BTG: $400 to $13

God Save Us! Please.

From Dec 2013 to Jan 2015 BTC went from 1000 to 200 USD and it took 3 years to go up to 20000. Also most of the alts will dump even more than BTC before eventually come back up. They're just market cycles, blockchain tech is still fine and will be used now and in the future.

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August 14, 2018, 02:47:03 PM
 #3

I think not many coins and tokens will recover after such a drop. And those that remain, they will take their place in the already growing market.
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August 14, 2018, 02:47:45 PM
 #4

As the bear market continues, there is a growing recognition of the true value of BTC.
I think the real bull market is not far off, because when people realize that BTC is valuable, then it will push the price of BTC up.

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August 14, 2018, 02:49:20 PM
 #5

What the Hell is going on with Crypto market?
Bitcoin drops from $19,000 to $6000
ETH dumps from $1400 to $250 today
NEO: $150 to $15
BTG: $400 to $13

God Save Us! Please.

From Dec 2013 to Jan 2015 BTC went from 1000 to 200 USD and it took 3 years to go up to 20000. Also most of the alts will dump even more than BTC before eventually come back up. They're just market cycles, blockchain tech is still fine and will be used now and in the future.

Most altcoins are scams and are only propped up by scammers that have an interest in keeping the price high before they dump. They serve 0 purpose at all. It's a big bubble. The question is, did the bubble peak already and we'll go back to %80 BTC domination as it should be, or it didn't even begun yet?

By comparison to the dotcom bubble, it shouldn't have begun yet, so I believe altcoins will see another rise. The altcoin bubble will probably peak at a couple trillion dollars when BTC is past $100,000++ and everyone is making mad money on shitcoins.

At that point it will be similar to the dotcom bubble: That is, a massive purge of shitcoins, followed by a bear market of a year or two, then BTC will start its rise to $1,000,000, similarly to Amazon's all time graph, look what happened years later after the dotcom bubble. 99% of altcoins will stagnate to 0.
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August 14, 2018, 05:16:21 PM
 #6

Why is BTG in your list of alts? Forks of btc are nothing but scams similar to the ICO's. They don't have any serious purpose/real purpose (excluding BCH) and are simply created for the splitting up of chain by the disagreement of consensus with the main chain. There has been a lot of backlash,hacks,shit forks with the btc which resulted in the drowning of price in the btc from 20k to 6k. Most probably Eth doesn't have a cap sooner or later and moreover it is being used only as a fuel for powering the ICO's, eth raising in price higher than $1000 will be rare based on my assumption. Other promising alts like LTC, monero, Dash follow the btc prices.

If a coin of an ICO doesn't serve a purpose, they would never survive in the market which is happening now. There has been a lot of scam startup blockchain projects which had useless tokens which are disappearing now in this bear market. Only the promising and the one serving a real purpose will work and withstand the market and flourish in the later part of the next year. With btc dominance increases slightly over the days passes by, this indicates that the Scam ICO tokens are lost forever and will return back to the market.


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August 14, 2018, 05:20:30 PM
 #7

It looks like the market is testing us. Lots of people have quit the game now. It is very sad to see the market actually. All the coins are now at a very low price.

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August 15, 2018, 03:42:20 AM
 #8

this is just a cycle of ups and downs that are common in cryptocurrency, I've read a lot about this. be mindful, and focus on continuing your plan forward.
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August 18, 2018, 10:44:39 AM
 #9

I wish that there could actually be an accurate answer to this. Nobody knows for sure what is happening. Many say that there is a correction ongoing in the system. others say this is a test of faith and patience, some others can't even think of anything, and all they just want is to see greens once more on the streets. Whatever it is anyways, I'm certain it will pass away soon.
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August 18, 2018, 10:48:36 AM
 #10

Its quite normal when it comes to crypto market. It dumps heavily and then bounce back.
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August 18, 2018, 10:50:07 AM
 #11

A bad sign of the market. The market is falling and will take a long time to recover. ETH and BTC back to the top is difficult. But I think ETH and BTC will rebound at  800$
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August 18, 2018, 10:55:21 AM
 #12

The market is disastrous for so many reasons. But in my view, the main reason is that negative news has a substantial psychological impact on people and investors, causing them to panic sell and make market rates fall. But by the end of 2018, the market will recover.


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August 18, 2018, 10:55:44 AM
 #13

what happens this moment is just a normal cycle of cryptocurrency. Those who can't ride will be lost and those smart will be rewarded. After all, volatility makes the crypto interesting to invest. Just be caution and a researcher to ride the wheels of life in crytocurrency.
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August 18, 2018, 11:07:46 AM
 #14

What the Hell is going on with Crypto market?
Bitcoin drops from $19,000 to $6000
ETH dumps from $1400 to $250 today
NEO: $150 to $15
BTG: $400 to $13

God Save Us! Please.

From Dec 2013 to Jan 2015 BTC went from 1000 to 200 USD and it took 3 years to go up to 20000. Also most of the alts will dump even more than BTC before eventually come back up. They're just market cycles, blockchain tech is still fine and will be used now and in the future.

not all the altcoins would recover. a lot of them will die and many will continue to struggle to gain back half of what they lost while they are being replaced by other altcoins that get pumped instead of them.

for example if you look at the market from years ago you can see the top 10 were a complete different set of coins. and it will be the same in near future too.

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August 18, 2018, 11:53:07 AM
 #15


From Dec 2013 to Jan 2015 BTC went from 1000 to 200 USD and it took 3 years to go up to 20000. Also most of the alts will dump even more than BTC before eventually come back up. They're just market cycles, blockchain tech is still fine and will be used now and in the future.

not all the altcoins would recover. a lot of them will die and many will continue to struggle to gain back half of what they lost while they are being replaced by other altcoins that get pumped instead of them.

for example if you look at the market from years ago you can see the top 10 were a complete different set of coins. and it will be the same in near future too.

Yeah, that's what I'm thinking right now. In this case, for people who wants to buy crypto coins in this bear market need a lot of analysis. Although the price too low and it's good time to buy but if you buy wrong coins, so it will be worthless later. Need a serious research to determine what coins to buy.   
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August 18, 2018, 12:23:52 PM
 #16

What the Hell is going on with Crypto market?
Bitcoin drops from $19,000 to $6000
ETH dumps from $1400 to $250 today
NEO: $150 to $15
BTG: $400 to $13

God Save Us! Please.
Remember we are in a bear market cycle. It is natural that price are falling in bear market and since we are in cryptocurrency market, price can decrease by 90% or more. If you look into the price history of bitcoin or ethereum. You can confirm that 90% decrease in price has already happened in the past.
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August 18, 2018, 02:03:02 PM
 #17

Actually the market is infected for price and this price is really matter of problem for investors and but this is hard to tell this will recover or not.
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August 18, 2018, 02:09:26 PM
 #18

I hope it dumps even more. If you don't have the stomach then you can leave now.

I've seen the drop from $1200 to $200 as I also saw how it went to $20k.

Think crypto like a bow, the more you pull the string the faster the arrow is going to go. I'am praying every day for bitcoin to go below $1k again. I know It is not going to happen though I do my best. Next time we do a bull run bitcoin's price will be increasing by $10k in a day.




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August 18, 2018, 02:15:52 PM
 #19

Yes, the situation is sad, but do not panic. For the cryptocurrency market, this is quite normal. It can fall very low, but it can also rise very high. So we just have to wait for better times.

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August 18, 2018, 02:21:04 PM
Merited by mindrust (1)
 #20

Consider this situation simply as an opportunity to buy coins at a low price. After all, their prices have dropped very significantly. If you really believe in cryptocurrency, then you should not be afraid. You just have to wait a little while for things to get back to normal.

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