Goes into the unknown for a time of worry you have to witness for a lovely dip is coming. Is the dip going to finally kill BTC? will this dip then take BTC to a height we have not yet seen? One thing’s for sure, the market gets pretty disorienting only leaving people to take decisions based on what scares them the most…loss.
In my previous post we spoke about what to do when you know BTC will dip. This post dedicates itself to why they happen and what goes on behind closed doors.
From the eyes of the Trader:
Big gains from BTC and other coins trading back and forth has gotten a rise in one’s satoshis. BTC is climbing and will hit the $20,000; let’s all stand up. The common rule for trading is you want to buy it at the lowest possible and sell at the highest. Expectedly, the trader would sell when the price spikes and lucky for him BTC drops to $9,700 leaving the trader with no reason not to buy and maximizing on his free coins collected. He now has more BTC ready to take forward to the next round.
From the eyes of the Hoddler:
Big gains from BTC must mean this coin will shoot to the moon and they must keep the coins and never trade. They find out BTC has dropped to almost back where it was before the spike. They have missed the boat yet again and flush themselves in the cycle of “I will do this next time for sure”. When the next time comes, they panic even more.
From the eyes of the Recent Entry:
Big gains from Ripple and Tron, man they got in the right time didn’t they. Everybody had to go through those shit coins like BTC, ETH, BCH, LTC and who needs those when Ripple is there. The hype continues stretching the marketing landscape to a crowd unaware of the industry they have taken themselves to through a volatile bus ride. Ball in their court, BTC starts to drop and Traders and Hoddlers would guide that once BTC falls, everything else does too. No, not xrp not Tron and they take a bad hit. Some skeptical some lose confidence in the coin, some start to open up their eyes and see where they really stand. 1000s of other coins and they chose the ones that topple hard. It’s not to say they won’t regain their momentum, but there was a potential for everybody in the new market to have a happy ride with xrp having doubled their coins through trading. Until next dip…
From the eyes of the ICO Founder:
Big gains from BTC and ETH, we have over exceeded our cap for token distribution and have collected more money than we had planned to (some would’ve had a sound roadmap for collecting money while some wouldn’t). It’s payout time boys, so let’s take 40% out of our $80,000,000 collected (some collect 25ETH / transaction in this stage and people need to pool to get in like Dogezer. Now suppose you have a minimum of 50 ICOs circulating at any given time (that’s not even close to what’s happening at the moment) and each claiming transactions for a month; each collecting within the ball park of the $60,000,000. If all 50 ICOs invest a total of 70% back into the “team” and “Development Work” when they reach total cap, the cryptocurrency market would face a loss here of $2,100,000,000. Let’s assume now that this goes on for 3 months at this average with no change and now you have a minimum loss of $6,300,000,000 just from coins exiting their ICO stages. It’s pure profit for these eyes, they will always have more beef in their tacos.
From the eyes of the Government:
Big gains from BTC and ETH means the world is slowly believing in more accessible approaches and speed, people do not want to be financially regulated anymore. They have been spotting out exchanges that have taken a wrong turn and making sure to note every action taken. As the puddle of cashflow grows, the only move in their hands would be to apply some scare tactics; let’s call for some regulations we are losing money now. Banks have already found an alternative backdoor to the market and have gained some pretty good market share (XRP). You can now buy it directly using your credit card so we can traffic people even quicker; let’s also go speak to Coinbase. Centralizing and holding a company responsible is far easier that trying to find everyone’s laptop or device accessible that transacts through the node network. Flood more money inside building a huge anticipation of yet another cryptocurrency shooting to the moon, get everybody inside, and get out. For now, let’s scare the people of Korea some more, they have good crypto market share and will scare the market a little. What? Thought we were going to keep you happy forever?
From the eyes of the Crypto Sharks:
Big gains from BTC, its probably time for them to start selling 100BTC right now, they got a few calls from ICO Founders who stated they will start some payouts now and advised on the same, it will dip for sure now. Time is precious, let’s make it dip right now. They would need to call the boys and see if they want to come over for some Wednesday Night fun! Let’s try to double a million tonight and make sure nobody misses out on the fun.
If I was to simply assume that only one of these is the soul cause of the market dip for bitcoin then I would be worried and so should others. The interesting thing about what is happening is the correlation between everybody in the market. Not all the news will be shared out to everyone (how would bigger players make money?) and not all information about what is happening behind that team behind a coin’s mindset is during the ICO stages as the BTCs and ETHs are dumped in their pockets…I mean crypto safe wallet storage. One thing is certain though, when BTC dips hard, you know some cashflow is hitting bank accounts and it’s time to follow the Trader!
Till next time…
