You folks obviously have no idea how the crypto/altcoin market works.
Not only do you not understand crypto, you don’t understand even traditional startups and investment sentiments. So i’m writing this here to provide some kind of a brief understanding of what happened in crypto markets this year.
First of all every new token is an entirely new project.
Like every project they need funding, funding, time, and most of all investor confidence.
If you look into tokens that are not only performing now but with good investor confidence, they have good community that assures new investors in times of turbulent crypto market prices. They have good community members who take the effort to help out with PR so the team can focus more funds on getting coders and actual work done.
I’ll give you an example. If someone have $1M on their hands, comes looking and shortlisted 3 tokens.
First thing they do is go to the websites. Read up and watch youtube videos. And then maybe they will be more cautious and the last thing they will do is take a stroll through the community groups and forums.
The moment they spotted a post showing extremely scared investors, they’re out. Why? Why would they be confident if someone holding the tokens are whining about it? You are doing exactly what it takes to reduce your entire investment to ZERO. And the more you panic, the more your investments will be gone when it comes to altcoin investment.
Now i would advise you to really truly investigate and research more on crypto before you lose your cool and start rants.
So with that, let’s finally proceed to what is actually happening in the altcoin markets in 2017.
Most of the initial ICOs which actually have good work progress done, and had good team and tremendous backing are performing poorly now. Why?
- CHINA ICO Ban.
The first event that started a flash crash is because of the China ICO ban. The event sent shock throughout the cryptoworld, and crypto supporters are the ones who remain mostly unfazed. Unfortunately by that time there are already alot of dumb money - the kind of people who refuse to do market research + token research + investor sentiment research before they put money on anything.
These are the morons who put money and goes “MOON MOON BIG MONEY BIG MONEY GIMME MONEY FAST AND WHEN I EXPECT IT BIG MONEY!”.
So naturally fear gripped them the hardest and they sold in fear. Buying high and selling low. These whiners go around their original community spreading fear and investors confidence dropped, crashing the demand and prices.
- ICO epdiemic.
But ICOs are popping up like weeds right now. So every now and then an ICO company pops up and say “WE ARE THE MOON TOKEN WE GO TO MOON YEAH BABY WE ARE THE NEXT BEST THING SINCE SLICED BREAD YEAAAHHHH” and every single one of those morons will pump money into it.
This actually spreads money very thin. Everytime a new ICO pop up you see the prices of previous ICOs go lower as they sold their investments to buy in on the next best thing. Now, you starting to get a feel of what causes market price movement? Ok…
BTC spike since BCH.
When BCH came up, everyone wanted to get FREE TOKENS. What happens then is that people are tripping over each other to sell their altcoins to get BTC for the free BCH.
When this ended there is a slow movement back into altcoins. Everyone saw the slow recovery. The slow progress is due to uncertainty in the market for crypto as the fate of regulator’s acceptance for crypto remains unknown.
Growing acceptance by regulators
Another run up for BTC saw slower transfer of BTC back into altcoins
The same thing that happened with BCH is happening again with BCG and this time with greater punch because most people saw how rich people with free BCH tokens got.
Pump and dump mobs
Every ICOs that freshly entered the market, and i challenge you to look through all the charts, you see the same thing. It will have high run up and then it will crash as money floods into “the NEXT BIG THING THATS GUNNA MOON YEAHHHH”. Crypto is unregulated. So pump and dumps are all over the market. Get used to it, and LEARN HOW TO SPOT IT. Pump and dumps are for short term very small trading profits. They do nothing for long term holders in projects with solid future. WHAT YOU NEED TO DO IS DEVELOP A PLAYBOOK.
Secretsofcrypto will always do this. He will set a plan to accumulate tokens below a certain level. Everytime it dips below that line he buys a little. Whenever some pump and dump mob drove a run-up, he will dump on them to profit from their schemes and then buy back in again.
Frightened +grieving investors
These investors, LIKE YOU, are spreading more fear in their own token community and in so doing, spread more uncertainty and signals to new investors “SEE WHAT I AM DOING? THIS TOKEN IS NO GOOD. TOP INVESTING. DONT BUY IN. GO AND TELL YOUR FRIENDS WHAT YOU SAW ME TYPE SO MY INVESTMENTS WILL TRULY BECOME ZERO YEAHHHHH I AM SO SMART I RANT FRIGHTENED YEAAHHHHHHHH”
This, this is seen in all previous ICOs. Even the BIG TEAMS with solid backing see such fear being spread through their community in these turbulent times. Ok? What you are seeing now is normal. You need to understand that. Stop being a whiner and actually do something to HELP YOUR OWN INVESTMENT. I mean are you stupid or something? In a time where ICOs are popping up all over the place, and where investors constantly pump money into the next big thing, you are here shitting on your own investments to make sure you end up broke? How will that help you?
- Futures market on BTC
If you have been paying attention so far, you would have already known that it is merely a flood of money into BTCs to catch the runoff.
Now. If you want to help your own investments, now is a good time to spread good news instead of bad. Why? BECAUSE BTC IS NOT THE ONLY CRYPTO OUT THERE. Since Feb 2017 there are many mainstream money flowing into the crypto markets. And like every investors once they got a taste of BTC they want GREATER MARGIN. Which means alot of that funds in BTC are eventually going to flow into altcoins again.
So instead of being scared and freaking out, understand what you actually invested in. See what the team has been working on. Share it with people instead of spreading FUD.