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Topic: After Panic Sellers get their fix, China will buy up the Cheap coins - page 2. (Read 1383 times)

legendary
Activity: 3472
Merit: 10611
If Bitcoin drops to $800 I'm dumping all my alts I bought in January for 10x BTC gains.

sorry to derail the topic but i never hold alts for long. altcoins must be dumped right after they rise up. holding them longer after they went up becomes highly risky because how their prices are so unstable.
and altcoin prices don't move with bitcoin, they have no direct relation with each other. they just use the bitcoin price drop as an excuse to pump and that is magnificent to make more bitcoin.

right now we are seeing the sad part of price when a new thing comes out about the alleged fork while nothing has really changed about it. everything is still the same. and i can go as far as saying it is even the same as before that pool switching.
and this means we will see a rally soon after everyone realized this is another drama like everything else. and when Chinese join in with full force they wish they had bought at the bottom.
legendary
Activity: 2026
Merit: 1034
Fill Your Barrel with Bitcoins!
If Bitcoin drops to $800 I'm dumping all my alts I bought in January for 10x BTC gains.
legendary
Activity: 3472
Merit: 10611
all of this is good though, the fluctuation, the panic, the dump the correction all that profit.
have you seen the altcoin prices, the pumps have been amazing. if this FUD in bitcoin didn't happen i couldn't increase my bitcoin holding by this much from the pump and dumps over the altcoin markets.

heck i have made more bitcoin that if price continues to fall i am still in profit in USD value Cheesy
and not to mention this will stop and reverse soon and all that remains is going to be pure profit.
legendary
Activity: 2026
Merit: 1034
Fill Your Barrel with Bitcoins!
People forget that through all this heavy FUD, the ETF disapproval and now this ridiculous Hard fork/Scaling debate, the Chinese trading which makes up a large portion of Bitcoin trading activity has been suspended. And the price is still $900 with the dump going on.

I think we are in for a major correction soon leaving the non-believers in the dust holding speculative alt-coins they can't even use or redeem for cash at a Bitcoin ATM.
legendary
Activity: 2026
Merit: 1034
Fill Your Barrel with Bitcoins!
Quote
Major Chinese cryptocurrency exchange, BTCChina, announced today that its new KYC/AML verification system has been completed.

source: http://www.razor-forex.com/2017/03/chinese-bitcoin-exchange-btcchina.html
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