Topic: ALL RED. Bloodbath reasons and why you should hold and stay calm. This is normal (Read 232 times)
January 17, 2018, 02:49:13 AM
I also agree it is a good opportunity to buy. The only thing that worries me in this whole story is the overall price of Bitcoin which went too high. You know, when something is flying high, it can only go down and when Bitcoin is falling down it is always taking altcoins with it in the same percentage. This way altcoin market could be loosing a lot of investments simply because Bitcoin is overpriced (and to me - it is always a risk to invest there directly) it is a real threat for altcoins and will remain a threat in the future.
January 17, 2018, 02:40:01 AM
And remember one case or another... we really needed a correction sooner than later to shake some sense into people.
Just look at what happened in the last few weeks:
-Bitconnect, a literal Ponzi scheme, $2.5 Billion
-Tron, literally scamcoin selling the idea of "Web 4.0" to normies on Twitter went to $17 billion
-Cardano ballooned to $20 billion on just a whitepaper
-Qtum, still no product yet, $4 billion
-Dentacoin, literal Bulgarian Pajeetcoin for dentists, $2 billion
-Bitcoin Gold, pointless fork of Bitcoin, $4.5 Billion
Just look at what happened in the last few weeks:
-Bitconnect, a literal Ponzi scheme, $2.5 Billion
-Tron, literally scamcoin selling the idea of "Web 4.0" to normies on Twitter went to $17 billion
-Cardano ballooned to $20 billion on just a whitepaper
-Qtum, still no product yet, $4 billion
-Dentacoin, literal Bulgarian Pajeetcoin for dentists, $2 billion
-Bitcoin Gold, pointless fork of Bitcoin, $4.5 Billion
January 16, 2018, 03:56:31 PM
I deleted blockfolio app and don't look at exchange every day ) it is stressful and causes money losses. Best strategy buy and hold. I tried before sell at high (so i thought and sometimes i successed) and buy in the deep...But what i say, i dont want spending my days sitting in front of monitor and trying to win couple of dollars or little more. The life is just one, and im sure, i will get more just buying worthy coins and keeping them on my wallet couple of years.
January 16, 2018, 03:48:26 PM
I have always been quite skeptical of these analyzes based on past behavior of the market, because there do not seem to be logical and rational criteria that lead us to conclude that what happened previously, will happen again and again, indefinitely. But I do believe that after a bullish party, sooner or later a period of strong downside readjustments could be part of a normal market dynamic.
January 16, 2018, 03:45:06 PM
I think the current market status is a mix of several events... some were predicted, some seems to be FUD to push this events.
-Historically there´s always a The January Dip.
https://ibb.co/dAURu6
https://www.reddit.com/r/CryptoCurrency/comments/7qqfcz/everybody_relax_heres_the_reason_for_the_dip_and/?st=JCHIAL4C&sh=b8f77939:
-Mix that with all the intentional Fud from a few authorities (in many cases just personal opinions for a vey sensitive market)
Korean, then China, Usa...even EU...
https://cointelegraph.com/news/german-central-bank-director-crypto-regulations-must-be-international
https://cointelegraph.com/news/china-after-banning-exchanges-authorities-move-to-close-exchange-like-services
https://cointelegraph.com/news/crypto-market-suffers-from-uncertainty-in-asia-losses-up-to-40
Just remember... you can not regulate a blockchain... and even if you do, that doesn´t translate into killing it or destroying a network, the usability and the market behind it...
See the bigger picture... see how NEO came from 53$ to 13$ after the china ICO ban.. and it´s now around 150$....
And as the oldschool ones say... BUY THE DIP, SELL THE HIGHS. NOW IT´S THE DIP
-Historically there´s always a The January Dip.
https://ibb.co/dAURu6
https://www.reddit.com/r/CryptoCurrency/comments/7qqfcz/everybody_relax_heres_the_reason_for_the_dip_and/?st=JCHIAL4C&sh=b8f77939:
Quote
Asia still dominates in crypto-trading by volume, accounting for the vast majority of money flowing in and out. Guess what is coming up in 3 weeks? Lunar New Year. Lots of money is flowing back to fiat to buy presents and plane/train tickets.
People spend a TON of money on travel and presents during Lunar New Year. This is their Christmas. This is also the largest mass migration of people on the planet, occurring over two weeks. Projections are for $100 billion USD in spending. [https://www.forbes.com/sites/ywang/2017/01/26/worlds-largest-human-migration-begins-chinese-new-year-2017/#3a6d5502999a]
Remember that the crypto market is antithetical to the stock market. Stocks boom when business is booming during the holidays. Crypto investors are retail investors, not Wall Street investors. Retail investors sell during holidays, thus the crypto market falls.
This selloff has happened exactly 3 weeks before Lunar New Year each of the last 4 years.
Evidence: https://i.imgur.com/xKFssKT.jpg [credit: u/Secruoser]
So, everybody chill out for a week, the bulls will be back by February. You can't fault these Chinese and Korean bros for taking major gains to buy some cool shit for their families. Hell, if you want to, buy up their cheap coins in the meantime.
1081 comentarioscompartirguardarocultarregalar goldreportarcrosspost
People spend a TON of money on travel and presents during Lunar New Year. This is their Christmas. This is also the largest mass migration of people on the planet, occurring over two weeks. Projections are for $100 billion USD in spending. [https://www.forbes.com/sites/ywang/2017/01/26/worlds-largest-human-migration-begins-chinese-new-year-2017/#3a6d5502999a]
Remember that the crypto market is antithetical to the stock market. Stocks boom when business is booming during the holidays. Crypto investors are retail investors, not Wall Street investors. Retail investors sell during holidays, thus the crypto market falls.
This selloff has happened exactly 3 weeks before Lunar New Year each of the last 4 years.
Evidence: https://i.imgur.com/xKFssKT.jpg [credit: u/Secruoser]
So, everybody chill out for a week, the bulls will be back by February. You can't fault these Chinese and Korean bros for taking major gains to buy some cool shit for their families. Hell, if you want to, buy up their cheap coins in the meantime.
1081 comentarioscompartirguardarocultarregalar goldreportarcrosspost
-Mix that with all the intentional Fud from a few authorities (in many cases just personal opinions for a vey sensitive market)
Korean, then China, Usa...even EU...
https://cointelegraph.com/news/german-central-bank-director-crypto-regulations-must-be-international
https://cointelegraph.com/news/china-after-banning-exchanges-authorities-move-to-close-exchange-like-services
https://cointelegraph.com/news/crypto-market-suffers-from-uncertainty-in-asia-losses-up-to-40
Just remember... you can not regulate a blockchain... and even if you do, that doesn´t translate into killing it or destroying a network, the usability and the market behind it...
See the bigger picture... see how NEO came from 53$ to 13$ after the china ICO ban.. and it´s now around 150$....
And as the oldschool ones say... BUY THE DIP, SELL THE HIGHS. NOW IT´S THE DIP
This will be a dip in the future as you describe and nothing more, it's a great time for anyone who was looking to buy, for those who are already invested the only option now is to hold it out, the market will recover and we'll be glad we did. The smartest money sold the top and will be buying the low.
January 16, 2018, 03:43:12 PM
Yes wall street and Futures are also part of the equation... a
But still i think this is the main reason.. i know asia and China.. People get all the cash they can for new year (it´s their christmas time and vacational period).. millions of then have to travel long distances.. gift "cash" to families and kids as a present... The money is gonna come back sooner than you think...
https://www.reddit.com/r/CryptoCurrency/comments/7qqfcz/everybody_relax_heres_the_reason_for_the_dip_and/?st=JCHIAL4C&sh=b8f77939
Also rember BTC will recover.. but BTC was not in really good shape latest weeks.. People that cashed out BTC for FIAT will probably think twice... BTC fees still well around 70$... in this scenario i bet Litecoin will have a good pump since it´s a good comodity in Coinbase to buy with FIAT and move to the exchanges to pick the alts that will be in discount mode...
But still i think this is the main reason.. i know asia and China.. People get all the cash they can for new year (it´s their christmas time and vacational period).. millions of then have to travel long distances.. gift "cash" to families and kids as a present... The money is gonna come back sooner than you think...
https://www.reddit.com/r/CryptoCurrency/comments/7qqfcz/everybody_relax_heres_the_reason_for_the_dip_and/?st=JCHIAL4C&sh=b8f77939
Also rember BTC will recover.. but BTC was not in really good shape latest weeks.. People that cashed out BTC for FIAT will probably think twice... BTC fees still well around 70$... in this scenario i bet Litecoin will have a good pump since it´s a good comodity in Coinbase to buy with FIAT and move to the exchanges to pick the alts that will be in discount mode...
January 16, 2018, 03:41:36 PM
Even taking into consideration all the FUD that has been going on, and the historical reasons, a WHOLE lot of coins got an impressive increase in value this last couple of months. Wasn't this somewhat expected?
January 16, 2018, 03:40:12 PM
I think the current market status is a mix of several events... some were predicted, some seems to be FUD to push this events.
-Historically there´s always a The January Dip.
https://ibb.co/dAURu6
https://www.reddit.com/r/CryptoCurrency/comments/7qqfcz/everybody_relax_heres_the_reason_for_the_dip_and/?st=JCHIAL4C&sh=b8f77939:
-Mix that with all the intentional Fud from a few authorities (in many cases just personal opinions for a vey sensitive market)
Korean, then China, Usa...even EU...
https://cointelegraph.com/news/german-central-bank-director-crypto-regulations-must-be-international
https://cointelegraph.com/news/china-after-banning-exchanges-authorities-move-to-close-exchange-like-services
https://cointelegraph.com/news/crypto-market-suffers-from-uncertainty-in-asia-losses-up-to-40
Just remember... you can not regulate a blockchain... and even if you do, that doesn´t translate into killing it or destroying a network, the usability and the market behind it...
See the bigger picture... see how NEO came from 53$ to 13$ after the china ICO ban.. and it´s now around 150$....
And as the oldschool ones say... BUY THE DIP, SELL THE HIGHS. NOW IT´S THE DIP
-Historically there´s always a The January Dip.
https://ibb.co/dAURu6
https://www.reddit.com/r/CryptoCurrency/comments/7qqfcz/everybody_relax_heres_the_reason_for_the_dip_and/?st=JCHIAL4C&sh=b8f77939:
Quote
Asia still dominates in crypto-trading by volume, accounting for the vast majority of money flowing in and out. Guess what is coming up in 3 weeks? Lunar New Year. Lots of money is flowing back to fiat to buy presents and plane/train tickets.
People spend a TON of money on travel and presents during Lunar New Year. This is their Christmas. This is also the largest mass migration of people on the planet, occurring over two weeks. Projections are for $100 billion USD in spending. [https://www.forbes.com/sites/ywang/2017/01/26/worlds-largest-human-migration-begins-chinese-new-year-2017/#3a6d5502999a]
Remember that the crypto market is antithetical to the stock market. Stocks boom when business is booming during the holidays. Crypto investors are retail investors, not Wall Street investors. Retail investors sell during holidays, thus the crypto market falls.
This selloff has happened exactly 3 weeks before Lunar New Year each of the last 4 years.
Evidence: https://i.imgur.com/xKFssKT.jpg [credit: u/Secruoser]
So, everybody chill out for a week, the bulls will be back by February. You can't fault these Chinese and Korean bros for taking major gains to buy some cool shit for their families. Hell, if you want to, buy up their cheap coins in the meantime.
1081 comentarioscompartirguardarocultarregalar goldreportarcrosspost
People spend a TON of money on travel and presents during Lunar New Year. This is their Christmas. This is also the largest mass migration of people on the planet, occurring over two weeks. Projections are for $100 billion USD in spending. [https://www.forbes.com/sites/ywang/2017/01/26/worlds-largest-human-migration-begins-chinese-new-year-2017/#3a6d5502999a]
Remember that the crypto market is antithetical to the stock market. Stocks boom when business is booming during the holidays. Crypto investors are retail investors, not Wall Street investors. Retail investors sell during holidays, thus the crypto market falls.
This selloff has happened exactly 3 weeks before Lunar New Year each of the last 4 years.
Evidence: https://i.imgur.com/xKFssKT.jpg [credit: u/Secruoser]
So, everybody chill out for a week, the bulls will be back by February. You can't fault these Chinese and Korean bros for taking major gains to buy some cool shit for their families. Hell, if you want to, buy up their cheap coins in the meantime.
1081 comentarioscompartirguardarocultarregalar goldreportarcrosspost
-Mix that with all the intentional Fud from a few authorities (in many cases just personal opinions for a vey sensitive market)
Korean, then China, Usa...even EU...
https://cointelegraph.com/news/german-central-bank-director-crypto-regulations-must-be-international
https://cointelegraph.com/news/china-after-banning-exchanges-authorities-move-to-close-exchange-like-services
https://cointelegraph.com/news/crypto-market-suffers-from-uncertainty-in-asia-losses-up-to-40
Just remember... you can not regulate a blockchain... and even if you do, that doesn´t translate into killing it or destroying a network, the usability and the market behind it...
See the bigger picture... see how NEO came from 53$ to 13$ after the china ICO ban.. and it´s now around 150$....
And as the oldschool ones say... BUY THE DIP, SELL THE HIGHS. NOW IT´S THE DIP
Excellent post mate. The sad thing is, most will not get it and panic and create multiple threads asking whats going on. Times like this are an excellent chance to buy up and buy up good.
January 16, 2018, 03:37:22 PM
January 16, 2018, 03:36:50 PM
I didn't know about the historical part anyway but in any case, I'm filling my bags like no one's business.markets will recover very soon and we will be back to business
January 16, 2018, 03:32:15 PM
The bloodshed can be ended, but maybe double bottom. This means that the right measure is to invest a certain amount of btc in alternative coins. Remember that you need to be extremely cautious, it is recommended to wait until tomorrow to verify the stability of btc.
January 16, 2018, 03:28:42 PM
I love the quote from Warren Buffet which is : "be greedy when others are fearful, and be fearful when others are greedy".
This quote fits the situation of the crypto market at the moment so well. People just want to see price goes green, but whenever they see RED even just for for a bit they become scared and thinking that the market is crashing. Come on people, investment is about long term!
This is not the first time anyways. And I agree, buy the dips!!
Nice Chart by the way OP!
This quote fits the situation of the crypto market at the moment so well. People just want to see price goes green, but whenever they see RED even just for for a bit they become scared and thinking that the market is crashing. Come on people, investment is about long term!
This is not the first time anyways. And I agree, buy the dips!!
Nice Chart by the way OP!
January 16, 2018, 03:25:02 PM
In my opinion, regulations are long term positive for crypto currencies. Regulations create security for investors.
This means that ultimately more people agree to invest in coins. I think many leave their fingers on crypto currencies because they do not offer so much security and the loss is just immense.
If the market is a little bit safer than now, there will be more investors accordingly.
This means that ultimately more people agree to invest in coins. I think many leave their fingers on crypto currencies because they do not offer so much security and the loss is just immense.
If the market is a little bit safer than now, there will be more investors accordingly.
January 16, 2018, 03:23:50 PM
The first bitcoin future contracts settle tomorrow the 17th. Banks are keeping the price low.
January 16, 2018, 03:18:27 PM
When you have passed through many dips of this kind and the market reacts with a bloodbath, you develop a resilience and hodl philosophy. Also, when you invest in this space, you already know the market is volatile and you can lose some money, it is part of the fun and risk.
January 16, 2018, 03:11:29 PM
It's the dip. Regolatory FUD doesn't last long because regulations are good for the branch long-term. Other threats are more concerning. Now everybody already knows that Bitcoin sucks and the general sentiment is towards things being in a bubble. This is scary. Not big crash scary, but we can't grow up fast scary.
January 16, 2018, 02:50:40 PM
I think the current market status is a mix of several events... some were predicted, some seems to be FUD to push this events.
-Historically there´s always a The January Dip.
https://ibb.co/dAURu6
https://www.reddit.com/r/CryptoCurrency/comments/7qqfcz/everybody_relax_heres_the_reason_for_the_dip_and/?st=JCHIAL4C&sh=b8f77939:
-Mix that with all the intentional Fud from a few authorities (in many cases just personal opinions for a vey sensitive market)
Korean, then China, Usa...even EU...
https://cointelegraph.com/news/german-central-bank-director-crypto-regulations-must-be-international
https://cointelegraph.com/news/china-after-banning-exchanges-authorities-move-to-close-exchange-like-services
https://cointelegraph.com/news/crypto-market-suffers-from-uncertainty-in-asia-losses-up-to-40
Just remember... you can not regulate a blockchain... and even if you do, that doesn´t translate into killing it or destroying a network, the usability and the market behind it...
See the bigger picture... see how NEO came from 53$ to 13$ after the china ICO ban.. and it´s now around 150$....
And as the oldschool ones say... BUY THE DIP, SELL THE HIGHS. NOW IT´S THE DIP
On top of everything...
We really needed a correction sooner than later to shake some sense into people. Just look at what happened in the last few weeks:
-Bitconnect, a literal Ponzi scheme, $2.5 Billion
-Tron, literally scamcoin selling the idea of "Web 4.0" to normies on Twitter went to $17 billion
-Cardano ballooned to $20 billion on just a whitepaper
-Qtum, still no product yet, $4 billion
-Dentacoin, literal Bulgarian Pajeetcoin for dentists, $2 billion
-Bitcoin Gold, pointless fork of Bitcoin, $4.5 Billion (followed by another docens of forks)
-Historically there´s always a The January Dip.
https://ibb.co/dAURu6
https://www.reddit.com/r/CryptoCurrency/comments/7qqfcz/everybody_relax_heres_the_reason_for_the_dip_and/?st=JCHIAL4C&sh=b8f77939:
Quote
Asia still dominates in crypto-trading by volume, accounting for the vast majority of money flowing in and out. Guess what is coming up in 3 weeks? Lunar New Year. Lots of money is flowing back to fiat to buy presents and plane/train tickets.
People spend a TON of money on travel and presents during Lunar New Year. This is their Christmas. This is also the largest mass migration of people on the planet, occurring over two weeks. Projections are for $100 billion USD in spending. [https://www.forbes.com/sites/ywang/2017/01/26/worlds-largest-human-migration-begins-chinese-new-year-2017/#3a6d5502999a]
Remember that the crypto market is antithetical to the stock market. Stocks boom when business is booming during the holidays. Crypto investors are retail investors, not Wall Street investors. Retail investors sell during holidays, thus the crypto market falls.
This selloff has happened exactly 3 weeks before Lunar New Year each of the last 4 years.
Evidence: https://i.imgur.com/xKFssKT.jpg [credit: u/Secruoser]
So, everybody chill out for a week, the bulls will be back by February. You can't fault these Chinese and Korean bros for taking major gains to buy some cool shit for their families. Hell, if you want to, buy up their cheap coins in the meantime.
1081 comentarioscompartirguardarocultarregalar goldreportarcrosspost
People spend a TON of money on travel and presents during Lunar New Year. This is their Christmas. This is also the largest mass migration of people on the planet, occurring over two weeks. Projections are for $100 billion USD in spending. [https://www.forbes.com/sites/ywang/2017/01/26/worlds-largest-human-migration-begins-chinese-new-year-2017/#3a6d5502999a]
Remember that the crypto market is antithetical to the stock market. Stocks boom when business is booming during the holidays. Crypto investors are retail investors, not Wall Street investors. Retail investors sell during holidays, thus the crypto market falls.
This selloff has happened exactly 3 weeks before Lunar New Year each of the last 4 years.
Evidence: https://i.imgur.com/xKFssKT.jpg [credit: u/Secruoser]
So, everybody chill out for a week, the bulls will be back by February. You can't fault these Chinese and Korean bros for taking major gains to buy some cool shit for their families. Hell, if you want to, buy up their cheap coins in the meantime.
1081 comentarioscompartirguardarocultarregalar goldreportarcrosspost
-Mix that with all the intentional Fud from a few authorities (in many cases just personal opinions for a vey sensitive market)
Korean, then China, Usa...even EU...
https://cointelegraph.com/news/german-central-bank-director-crypto-regulations-must-be-international
https://cointelegraph.com/news/china-after-banning-exchanges-authorities-move-to-close-exchange-like-services
https://cointelegraph.com/news/crypto-market-suffers-from-uncertainty-in-asia-losses-up-to-40
Just remember... you can not regulate a blockchain... and even if you do, that doesn´t translate into killing it or destroying a network, the usability and the market behind it...
See the bigger picture... see how NEO came from 53$ to 13$ after the china ICO ban.. and it´s now around 150$....
And as the oldschool ones say... BUY THE DIP, SELL THE HIGHS. NOW IT´S THE DIP
On top of everything...
We really needed a correction sooner than later to shake some sense into people. Just look at what happened in the last few weeks:
-Bitconnect, a literal Ponzi scheme, $2.5 Billion
-Tron, literally scamcoin selling the idea of "Web 4.0" to normies on Twitter went to $17 billion
-Cardano ballooned to $20 billion on just a whitepaper
-Qtum, still no product yet, $4 billion
-Dentacoin, literal Bulgarian Pajeetcoin for dentists, $2 billion
-Bitcoin Gold, pointless fork of Bitcoin, $4.5 Billion (followed by another docens of forks)
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