Crypto price spike in January, why? - GoFuckYourself.com

Badmaash · 03-12-2018, 04:28 PM

Hi

I have been looking at a lot of cryptos and almost all of them which were just a couple of pence all shot up in price during Jan this year. Does anyone know why so many cryptos went of in this time period, here is an example: https://coinmarketcap.com/currencies/stealthcoin/

Thanks

B

Smack dat · 03-12-2018, 04:37 PM

Quote:

Originally Posted by Badmaash

Hi

I have been looking at a lot of cryptos and almost all of them which were just a couple of pence all shot up in price during Jan this year. Does anyone know why so many cryptos went of in this time period, here is an example: https://coinmarketcap.com/currencies/stealthcoin/

Thanks

B

Mid December/ early January was the peak of Crypto so far. Everyone wanted in and created a bubble. Since then the bubble has burst and the price has corrected itself.
They allgo up because they are all indirectly tied to BTC.

Badmaash · 03-12-2018, 04:42 PM

Quote:

Originally Posted by Smack dat

Mid December/ early January was the peak of Crypto so far. Everyone wanted in and created a bubble. Since then the bubble has burst and the price has corrected itself.
They allgo up because they are all indirectly tied to BTC.

So you mean it hit the news/mainstream and then everyone started jumping in?

How can a bubble only last a couple of months?

onwebcam · 03-12-2018, 04:43 PM

Lots of pump and dumping was going on...

Smack dat · 03-12-2018, 04:47 PM

Quote:

Originally Posted by Badmaash

So you mean it hit the news/mainstream and then everyone started jumping in?

How can a bubble only last a couple of months?

Maybe bubble is the wrong word. In any event it's not necessarily finished yet.

beerptrol · 03-12-2018, 04:55 PM

A bunch of people with money jumped into the market buying shit they knew nothing about. Buying up shit , even shit coins, causing the prices to rise

Prices started to go down and they panicked and sold off like scared bitches
"The sell-off came amid concerns of fresh crackdowns on virtual currencies by the South Korean and Chinese governments"

I'm HODL and riding the pump and dump waves to make some easy money

Badmaash · 03-12-2018, 05:06 PM

Quote:

Originally Posted by beerptrol

A bunch of people with money jumped into the market buying shit they knew nothing about. Buying up shit , even shit coins, causing the prices to rise

Prices started to go down and they panicked and sold off like scared bitches
"The sell-off came amid concerns of fresh crackdowns on virtual currencies by the South Korean and Chinese governments"

I'm HODL and riding the pump and dump waves to make some easy money

So is this craze over, or is the going to carry on?

Apparently NVIDA and AMD think the cryptro market will collapse soon and then theu need to prepared to go back to normal sales demands.

pimpmaster9000 · 03-12-2018, 05:08 PM

the red line of doom OP...the red line of doom...when the line is crossed then its safe again...

kane · 03-12-2018, 05:10 PM

Add into the pump and dump that was going on is how, when this spike came around, governments started talking about regulating the exchanges and that caused fear in the market.

beerptrol · 03-12-2018, 05:18 PM

Quote:

Originally Posted by Badmaash

So is this craze over, or is the going to carry on?

Apparently NVIDA and AMD think the cryptro market will collapse soon and then theu need to prepared to go back to normal sales demands.

the crypto communities seem to be a tight group of people who believe in the crypto currencies. I don't see crypto going away unless the government out right bans it. I wouldn't keep buying on the dips if I thought it was over.

I'm sure there will be more ups and downs. And when people hear regulations and other government crack downs they will panic and sell. I'd be surprised if there are no regulations on ICOs as more and more scammers are creating them

hdbuilder · 03-12-2018, 06:11 PM

idk but most of them went down

03-12-2018, 04:28 PM	#1
Badmaash Confirmed User Join Date: Jan 2007 Posts: 2,695	Crypto price spike in January, why? Hi I have been looking at a lot of cryptos and almost all of them which were just a couple of pence all shot up in price during Jan this year. Does anyone know why so many cryptos went of in this time period, here is an example: https://coinmarketcap.com/currencies/stealthcoin/ Thanks B __________________ best cbd oil uk - Hit me up on ICQ 400607632

03-12-2018, 04:43 PM	#4
onwebcam Fake Nick 1.0 Industry Role: Join Date: Oct 2005 Location: Rent free, your head Posts: 27,655	Lots of pump and dumping was going on... __________________ PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete.

03-12-2018, 04:55 PM	#6
beerptrol Confirmed Asshole Industry Role: Join Date: Feb 2003 Location: Half way between sobriety and fubar. Posts: 12,722	A bunch of people with money jumped into the market buying shit they knew nothing about. Buying up shit , even shit coins, causing the prices to rise Prices started to go down and they panicked and sold off like scared bitches "The sell-off came amid concerns of fresh crackdowns on virtual currencies by the South Korean and Chinese governments" I'm HODL and riding the pump and dump waves to make some easy money __________________ “If we are to have another contest in the near future of our national existence, I predict that the dividing line will not be Mason and Dixon's but between patriotism and intelligence on the one side, and superstition, ambition and ignorance on the other.” -- Ulysses S. Grant

03-12-2018, 05:08 PM	#8
pimpmaster9000 Too lazy to set a custom title Industry Role: Join Date: Dec 2011 Posts: 26,732	the red line of doom OP...the red line of doom...when the line is crossed then its safe again... __________________ Report a suspicious cracker: Click Here

03-12-2018, 06:11 PM	#11
hdbuilder Confirmed User Industry Role: Join Date: Jun 2012 Location: Canada Posts: 1,338	idk but most of them went down __________________ ROBO SCRIPTS \| WP CAM PLUGIN - Scripts To Promote Cam Sites - Chaturbate, BongaCams, Streamate, LiveJasmin, Stripchat... The Cam Site Builder, The Cam Multi Site Builder -> MULTIPLE CAM SITES IN ONE

03-12-2018, 05:10 PM	#9
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	Add into the pump and dump that was going on is how, when this spike came around, governments started talking about regulating the exchanges and that caused fear in the market.