Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: tonymillions84 on May 31, 2019, 09:30:04 AM

Title: WHY THE DUMPING
Post by: tonymillions84 on May 31, 2019, 09:30:04 AM
A close look at the market shows that currently the market is consolidation. what we are seeing is the formation of another bull run when the price was at 7800. i am anticipating another bull run for bitcoin to hit 9000 before monday but for the altcoins, we continue to see a stable a market and everyone is advised to hold. what do you think guys.
Title: Re: WHY THE DUMPING
Post by: dragononcrypto on May 31, 2019, 09:36:31 AM
(https://i.imgur.com/QyzCv9f.png)

This is my current option; why I think $9k could of been the top and that a pullback is overdue.

Source: https://alternative.me/crypto/fear-and-greed-index/
Title: Re: WHY THE DUMPING
Post by: trauchot on May 31, 2019, 09:39:33 AM
Bitcoin has almost reached 9k$ and at the moment there is a correction and I think that in early June, growth will begin and bitcoin will be able to bypass the 9k$ mark and then immediately altcoins will start to grow.
Title: Re: WHY THE DUMPING
Post by: dragononcrypto on May 31, 2019, 09:59:18 AM
Quote from: trauchot on May 31, 2019, 09:39:33 AM
Bitcoin has almost reached 9k$ and at the moment there is a correction and I think that in early June, growth will begin and bitcoin will be able to bypass the 9k$ mark and then immediately altcoins will start to grow.

fyi it did hit over $9k on most exchanges and reached nearly $9.1K by only for a matter of minutes, but the price was swiftly rejected by sellers back below $9k. hence this price action probably doesn't show in line graphs, and probably why there has been a continued pullback today.
Title: Re: WHY THE DUMPING
Post by: alstevenson on May 31, 2019, 11:01:05 AM
Yes im watching the price action as well, after the price hits the 9k level, they couldnt resist in that level then it dumps to 7.9k in an instant. Hopefully that it will retest 9k level and break it.
Title: Re: WHY THE DUMPING
Post by: pelana vreo on May 31, 2019, 11:17:58 AM
At the moment the market situation is still stable and Bitcoin is trading above $8k, many people expect the price to reach $9k but if we look at the current market conditions, there is a decline in the price of Bitcoin and altcoin, hopefully, BTC can maintain its price above $8k
Title: Re: WHY THE DUMPING
Post by: mnixxo.crypto on May 31, 2019, 11:38:47 AM
Quote from: trauchot on May 31, 2019, 09:39:33 AM
Bitcoin has almost reached 9k$ and at the moment there is a correction and I think that in early June, growth will begin and bitcoin will be able to bypass the 9k$ mark and then immediately altcoins will start to grow.

Agree with you. At the moment we are in correction. But what must be said is that we need this correction. The question is: Will we go to down to $6,400 - $6,000 or up to $9,500 - $10,000. I think BTC will go up. Altcoins against USD more or less are copying BTC. Altcoins against BTC can grow in the correction phase (red circle). But that is only my opinion.

(https://i.imgur.com/73zVPpy.jpg)
Title: Re: WHY THE DUMPING
Post by: Jee on May 31, 2019, 03:00:14 PM
it need time for bitcoin to go and be stable above 9K, Accumulation phase is not yet over, when Bitcoin can go above 10K , that will be soon,
if you see alts start to pump then know the season of bull run started.   
Title: Re: WHY THE DUMPING
Post by: Zed0X on May 31, 2019, 03:04:53 PM
Wait, we were on a bullrun? Perhaps a rally or a surge is a more appropriate term to use. Please refrain also from giving out advise unless you are asked to. You do not want these newbies coming after you when make a wrong call.

As for the market, that few minutes surge to $9K was unexpected. There was not enough volume to support it that's why it immediately fell back.
Title: Re: WHY THE DUMPING
Post by: zendicator on May 31, 2019, 04:07:39 PM
I have seen yesterday that bitcoin touched the $9000 level but suddenly it dropped after a minute or two. This is a clear indicator that the market is under manipulation but now we are seeing an upward trend after that sudden dump.
Title: Re: WHY THE DUMPING
Post by: comer on May 31, 2019, 04:25:23 PM
Manipulation is really are real! Maybe these are huge whale's capital that influence the movement of bitcoin in the marketplace. Let see when the price will retest at $9k level, accumulated investors even at low capital, when gather makes the big difference in the price. June is anticipating to have a huge change in the marketplace.
Title: Re: WHY THE DUMPING
Post by: gotbounty on May 31, 2019, 11:03:43 PM
I think that it is a normal condition if we see the progress of the market. The market will not be stable in the long term, moreover, this era is the recovery market era. So, they will be changing, decreasing and then increasing so fast. Just follow the market situation and make a certai strategy for better profits and investment.
Title: Re: WHY THE DUMPING
Post by: Zed0X on June 01, 2019, 10:15:02 AM
All these manipulation talks after a surge and an immediate decline is getting old. While it could be true in some cases, why can't we also assume that there are just different groups of people who trade against each other?
Title: Re: WHY THE DUMPING
Post by: toheed2x on June 01, 2019, 10:37:14 AM
well dumping and pumping is part of the game and in crypto lots of whales who manage this thing.
Title: Re: WHY THE DUMPING
Post by: Quart on June 01, 2019, 10:54:26 AM
It was not the first time happen, pumping and dumping happened many times. When it could reach new ATH in this year, it always dropped a little. And then increase again in the next week or several days after declined. AS long as we are in the process to go to the bullrun, I think we shouldn't worry.
Title: Re: WHY THE DUMPING
Post by: aiviaa485 on June 01, 2019, 02:27:43 PM
Quote from: dragononcrypto on May 31, 2019, 09:36:31 AM
-
I just found out to be super fast in terms of increasing and decreasing Bitcoin prices.
I have also seen the website, I tried to look for updates and greed and fear about 16 hours.
(https://i.imgur.com/EykEt23.jpg)
Is this updated every 24 hours?
Title: Re: WHY THE DUMPING
Post by: zilzylian on June 02, 2019, 10:23:52 AM
Quote from: Timimark on June 01, 2019, 06:06:28 PM
This dumping is as a result of manipulations by whales. But every one should prepare right now to invest in cryptocurrency such as VEIL so as not to miss the massive move. I believe the crypto market is just getting back and will surely overcome the bear market as more institutions has now focused on the crypto market.

At present the crypto price correction has begun to appear, after the decline in Bitcoin prices from 9000 USD and altcoin also followed a decline in BTC prices.
I like new coins but there is no guarantee that in the near future the price of the coins you mean will immediately rise in price.
Title: Re: WHY THE DUMPING
Post by: Jee on June 02, 2019, 09:17:32 PM
Quote from: Quart on June 01, 2019, 10:54:26 AM
AS long as we are in the process to go to the bullrun, I think we shouldn't worry.

For you this is an opinion but i think daily traders who gain more profit from this movements sell high buy low and keep repeating the circle, for a holder it is painfull to see price go down, i divided my capital to two bags one for daily trade or max few days and one for long term.

Title: Re: WHY THE DUMPING
Post by: Bobcrypto on June 02, 2019, 10:46:09 PM
Yes, i think that crypto prices has completed with corrections and obviously, in my opinion, though dumpers are trying to drive the prices (like bitcoin) to their advantage, but the bull run is already on the market.
Again, one of the reasons why they are dumping is because the pump group take advantage of the green market which they sometimes had influenced (especially bitcoin) to sell a higher percentage of their coins to make huge profit.