Big whales probably selling to get some profit. Everytime the market reaches another $100 billion it happens. It just hit $600 billion (although it was $630 billion this morning), so it was bound to happen. The market will recover in the following days/weeks. Nothing to worry about.

This post was edited by Golden_Order on Dec 21 2017 12:38pm

Let me elaborate myself a little here, to those who are new into the crypto world.

Check the market capitalization number on the top: https://coinmarketcap.com/coins/

Normally when the market cap reaches a new $100B number, the big whales sell for profit. So for example, when it was below $100 billion and it reached $100 billion, the big whales sold to make profit, same happened from $100b to $200b and from $200b to $300b etc etc. The thing is that when it reached $400 billion (a few days ago) the big whales didnt sell, the market cap actually went from like around $400 billion to $630 billion in just a matter of like 5 days or something. So that was a very quick jump, which is not normal, so the big whales decided today to sell a lot to make profit, thats why it got down from $630 b to currently $592 b (although it raised again to $595 billion in the last 30 minutes). My point is that this is normal and its part of the market game. If the market cap drops to $500b or even $450 b that will still be normal.

Start getting worried if it drops to $350 b and start panicking if it drops below $300b $250b, but that wont happen.

Having this in mind, dont be surprised when the market cap reaches $1 trillion and it drops to $900 b. It will be normal and it will recover back again to $1 trillion and beyond.

I hope I explained myself well.

This post was edited by Golden_Order on Dec 21 2017 01:59pm

Hah, the sweet summer children.

Meanwhile I'm just sitting here waiting for 30-60% drops or even higher to cash in on like back in the day.

i heard on a youtube ad theres 250 billion dollars in demand for money, but was unclear how the guru calculated the figure.

https://www.yahoo.com/news/thank-kim-jong-un-crypto-192218269.html

lol. was going to post a North korean crypto currency thread as a joke but decided to just bump this one

Everything is back to normal again. Lol. The cryptos are too STRONK!

look into raiblocks and ripple. Bitcoin is outdated

Yeah Ripple promises. Also keep an eye on Lisk, Pivx and Bytecoin. These have had over 500% increase lately. They might go even higher.

Anyway, I put my trust and $$$ mainly on Dash and Litecoin on having the best performances of 2018. Those two are gonna be even bigger in 2018, followed by Ethereum or EoS.

Bitcoin really needs to upgrade, otherwise Bitcoin Cash could take its place, I really hope not.


EDIT: Just saw the video, roflmao. Very hilarious.

This post was edited by Golden_Order on Dec 21 2017 06:58pm

BTC down to 13.8k and market cap down to $519 Billion. Expected correction. Dont panic if it continues falling to $450 billion. This was bound to happen.

This post was edited by Golden_Order on Dec 21 2017 09:57pm

price dropping quite a bit seems like a great time to buy

might get a few hundred $$ worth of btc/ltc/eth/bch/xrp