Why is the cryptocurrency market behaving so irrationally once again? First the Bitcoin hard fork on August 1st, then the overreaction on the Chinese news and fud and now once again the cryptocurrency market is showing not to be mature.

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33 COMMENTS

  1. Bitcoin gold / Segwit2X may have no market value from retail investors initially. However miners and institution investors can create the impression of demand by having buying and selling bots. Then FOMO sets in and the retail investors follow. Classic pump and dump. The miners are the ones who are pushing for these forks so i am sure they would be willing to go in the red for a while for a huge pay off to come later

  2. you dont get it, its not about the 3%, the logic is, yes, people are seeing the free money and moving into bitcoin, yes, once they get the bitcoin gold they will dump it, but here is the thing, the money they moved to bitcoin and the money they got for bitcoin gold will be moved back to alt coins, so, all of the money will coming back to alt coins plus the new money from bitcoin gold, its a win for all coins in the long run …… I am moving a lot of money into alt coins myself

  3. I agree, the temptation to buy altcoins at such low prices ought to overpower any speculation related to the bitcoin forks that are still weeks away. Actually, I'm wondering if something else is going on. Maybe it's FUD more than FOMO trading? But I haven't been in the crypto market long enough to know if there's more FUD coming out than usual. Perhaps it could also be that the ever expanding altcoin market is getting too big to properly sustain itself, with too many coins coming out… Yet, the last couple of days has made me almost suspicious of market manipulation, since it seems like the same dark clouds are hanging ALL over the board. It's hard to imagine any such group mentality in a free and diverse market. Somehow it's too well orchestrated.

  4. Hey, Thanks great Vid !!
    I have to say i completely agree with you , However i converted my portfolio to Bitcoin a while back NOT
    to get a few dimes from the fork but because i didn't want to lose money on Alt coins cause
    i knew ppl will flock to Bitcoiin.
    On the other hand it will give opportunity to buy Alt coins at a better price 🙂

  5. Before previous fork BCH on Bitfinex was about 400$ if i remember correctly, and that value stayed on the market for quite some time.
    Now B2X ~1000$ on Bitfinex. Imho it should be said in video to make it reliable and informative.
    I really like your vids in the beginning but i keep loosing trust…

  6. Actually it makes sense. This is not irrational movements. This has a reason ! 😀
    Lot of people saw what happened during the fork with Bitcoin Cash, they saw that its good invesment/free money, didnt do their due diligence and figure out what bitcoin gold is, so they believe that its gonna bring them 400-500$s or more / each BCG.
    And also could be fomo like "oh bitcoin is making new highs, its close to 5k again i dont wanna miss the train"
    Better question is whats gonna happen AFTER that?
    1. So lots of ppl buy bitcoin, ye price goes up. sure thing…
    2. They will get BCG and sell it, so BCG price is going to be low, most likely they going to invest that money into something else
    3. question is: what are they going to invest that "divident" money from BCG:
    – altcoins?
    – Bitcoin
    That is the question.

  7. You're ignoring the fact that Bitcoin does worth that market cap. You're ignoring that there are predictions for bitcoin get valued to 6,000 dollars until the end of the year. Not all people are buying bitcoin because of 3% profit.

  8. very good video, and I totally agree with you. I'm all-in on Neo, and am just holding till the people see where the true value is. Have a great day! 🙂

  9. And what if majority of miners start mining 2MB blocks and Core 1MB is starved of hashing power, without EDA it'll go to shits in no time? Are people going to get sucked in thinking Core will retain Bitcoin name and BTC ticker like they have with Bitcoin Cash? What if they don't? What if Core do something unthinkable because they lost power over Bitcoin name… and everything goes to shits?

  10. Pls do a video on blackmoon again.. it has been staying resilient even at current market sentiment..

    They are going to pump in marketing from Nov/ Dec 2017 onwards in preparation for Q1 2018 First Hedge Fund release..

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