AgathaMorningstar (OP)
Newbie
 Offline
Activity: 98
Merit: 0
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September 24, 2019, 08:42:40 PM |
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wtf? market is red :/ everithyng is red.
have any idea, what is reason?
or its just (only) Pump - Dump game?
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josebcn
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September 24, 2019, 09:42:45 PM |
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I've sold my bags.My apologies.
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Kang TB
Sr. Member
Offline
Activity: 1050
Merit: 250
Revolutionizing Reward Points
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September 24, 2019, 10:27:06 PM |
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wtf? market is red :/ everithyng is red.
have any idea, what is reason?
or its just (only) Pump - Dump game?
simple reason for this red market, the sellers stronger than the buyers so, this will push the price down mate and maybe because of this news people sell their bag for now https://cointelegraph.com/news/bitcoin-network-hash-rate-mysteriously-flash-crashes-by-40 |
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SlimShadyMmp
Full Member
Offline
Activity: 1470
Merit: 103
COMBO 2.0
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September 24, 2019, 10:59:15 PM |
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Just when is about to have greater prospects we get another dip I really wonder sometimes what really happens in this market Is just not predictable most times But am kinda sure it will correct itself in few days
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Iyeman
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September 24, 2019, 11:15:54 PM |
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wtf? market is red :/ everithyng is red.
have any idea, what is reason?
or its just (only) Pump - Dump game?
There was no a lot of demand in bitcoin BAKKT https://cointelegraph.com/news/bakkt-trades-71-bitcoin-futures-contracts-in-first-24-hoursThis is the main reason why there was another big crash from bitcoin and its hashrate in the network. It looks like a lot of people are taking their money back again and those who are still believing with bitcoin still hodl their bitcoin. This is not a pump and dump game. |
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janggernaut
Legendary
Offline
Activity: 2366
Merit: 1130
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September 24, 2019, 11:43:28 PM |
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wtf? market is red :/ everithyng is red.
have any idea, what is reason?
or its just (only) Pump - Dump game?
People are dissapointed with BAKKT result and they decided to sell their coin, might be? Dump or not, we had seen bitcoin dropped to $3k, at the current price, it's still far from that lowest price. Bitcoin still struggle around 10k back then, that's why people prefer to sell their coin because of inpatience |
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paramind22
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September 24, 2019, 11:49:09 PM |
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I've sold my bags.My apologies.
Buy them back! |
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paramind22
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September 24, 2019, 11:55:27 PM |
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wtf? market is red :/ everithyng is red.
have any idea, what is reason?
or its just (only) Pump - Dump game?
It probably goes right back up. I've been doing some Doge trading right now since I needed to fund an exchange. Doge seems to be climbing back up at the moment. Looking at the 1 hr column at Coinmarketcap, others are in the green now too. Of course it could be different in the next hour. |
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maxreish
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September 25, 2019, 01:23:21 AM |
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I have seen this before, red days are already started to experience. Bulls said goodbye for a while and bears are out to say hi to the market. Good thing, I saw this coming so I already converted some of my coins into fiat and wait for another pump. They are suffering from reds since Sunday.
Anyway, there are so many reasons why red days are happening. But one thing is for sure, it is not always bear to manage the crypto market, bulls are just taking a nap.
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DBronze98
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September 25, 2019, 05:33:06 AM |
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wtf? market is red :/ everithyng is red.
have any idea, what is reason?
or its just (only) Pump - Dump game?
most of it is due to Bakkt, everyone had been expecting it but until today, its trading volume was less than 1 million dollars. Therefore, this is a signal that the market is having big psychological problems, when the speculators are not interested in bakkt, they will run! and that's why the coins dropped more than 20% in the evening of September 24 |
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khiholangkang
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September 25, 2019, 06:25:11 AM |
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most of it is due to Bakkt, everyone had been expecting it but until today, its trading volume was less than 1 million dollars.
Therefore, this is a signal that the market is having big psychological problems, when the speculators are not interested in bakkt, they will run! and that's why the coins dropped more than 20% in the evening of September 24
I think if it is true because of Bakkt, the decline will not be this big and fast, it seems like there is something else that is affecting this very rapid price reduction, but I don't know what that is |
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Cnut237
Legendary
Offline
Activity: 1904
Merit: 1277
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September 25, 2019, 07:17:20 AM |
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I would imagine that BAKKT was the trigger. Anything that performs worse than market expectation can cause a price drop. It's early days however, and when we see this sort of sudden drastic movement, whether up or down, it tends to overshoot and then we see at least a partial recovery quite quickly. I would think that's what will happen here. It looks like a market over-reaction leading to some panic selling.
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slashz9
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September 25, 2019, 09:33:34 AM |
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wtf? market is red :/ everithyng is red.
have any idea, what is reason?
or its just (only) Pump - Dump game?
yeah i guess it pump and dump, in the morning i see the chart is normal, but in night before i sleep market going crash.
It probably goes right back up. I've been doing some Doge trading right now since I needed to fund an exchange. Doge seems to be climbing back up at the moment. Looking at the 1 hr column at Coinmarketcap, others are in the green now too.
Of course it could be different in the next hour.
that right whatever has gone down will rise again, and the opposite. but it might take a few time before it pump, so start to buy again in low price, dont be negative be positive. |
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xvids
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September 25, 2019, 10:18:49 AM |
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Just when is about to have greater prospects we get another dip I really wonder sometimes what really happens in this market Is just not predictable most times But am kinda sure it will correct itself in few days
This is how the market reminds us that it could always f*ck us up so we shouldn't always take it for granted. Who knows if the pump and dump of the market is just a manipulation of those who really have a power in the market (Whales coordinating or manipulating the price). For sure those who have a huge amount could easily play the market and the people would play along in their plan. |
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moneyball
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September 25, 2019, 11:10:47 AM |
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do you think yesturday was bad? take a look at cmc today and you will see its worse
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Cnut237
Legendary
Offline
Activity: 1904
Merit: 1277
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September 25, 2019, 01:51:50 PM |
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do you think yesturday was bad? take a look at cmc today and you will see its worse
It has been quite severe, but I do think that prices will recover soon. We do seem to have stabilised a bit now. Of course I could quite easily be wrong, but I think the drops were an over-reaction to the bakkt performance, causing an temporary hit to confidence. |
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jossiel
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September 25, 2019, 03:13:47 PM |
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The cryptocurrency market is a very volatile market so before investing, did you ever know about that description before putting your money to any altcoin of your choice? if you didn't, I think you invested due to the hype that was brought here.
Everything is going to be fine, this is a basic movement of a volatile market.
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icekohl
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September 25, 2019, 03:13:57 PM |
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Zoom out your Bitcoin chart and you can see it has been accumulating in the range of $ 9k to $ 11k in recent times, and yesterday was when the price of BTC went to the end of the bearish triangle, which means that BTC is about to have big volatility. And the movement of BTC yesterday said it.
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Oilacris
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September 25, 2019, 08:54:02 PM |
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wtf? market is red :/ everithyng is red.
have any idea, what is reason?
or its just (only) Pump - Dump game?
If you are just new to this crypto space then these are just generic questions came from newbies but if you do have already some experience on how this market moves then you wont really be surprised. Questions: Are you an investor? Dump will heavily affects you if you do either bought at peak or have some long position with leverage. If none of the above then these movements wont really be a big concern for you. |
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crzy
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September 25, 2019, 09:27:28 PM |
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Zoom out your Bitcoin chart and you can see it has been accumulating in the range of $ 9k to $ 11k in recent times, and yesterday was when the price of BTC went to the end of the bearish triangle, which means that BTC is about to have big volatility. And the movement of BTC yesterday said it.
There’s still no sign of pump so I think this dump will continue and the volatility will becomes more high and risky for the panic seller. This is not a black day with crypto, its pretty normal since day one so technically we will survive this dump |
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