🥊Blood on the street | Bitcointalksearch.org

MedaR

legendary

Activity: 2380

Merit: 1026

Quote from: sweetbet on July 11, 2017, 06:28:41 PM

My 7.2 BTC alt coin investment is now 3.7 BTC but am confident that it will recover sometime next month. I just wish that I had waited for this crash before I invested that money. I could've purchased twice as many coins. Live and learn

This year many holders are rewarded, this is not the last time im sure.

Quote from: SmokerFace on July 11, 2017, 07:53:38 PM

Just keep on HOLDING be patience don't panic if you see red on alts.
there 3 reasons in my mind why they are so much red numbers right now.

1. the summer - people enjoying their life and not hanging around forums.
2. the ICO marathon just stopped
3. people not sure about the segwit adaptation for bitcoin. and the ethereum transaction/miner problems the step to pos. (those 2 coins are still the biggest on the whole cryptomarkets - and this affects for sure the whole market).
we are enjoying the low, because now starts the time where it makes sense to keep your eyes open for possibilities to positionate your next big positions in your longterm investemens, Its a great chance to prepare some fresh money to get into crypto.

1. People spending more money due to vacations, this is one of the reasons why BTC is "dumped
2. Well this is not quite truth, it is still on but on silent mode.
3.And as always uncertainty will lead to enrichment of brave pioneers.

My conclusion is, we will see over 3k till the end of summer. Alts will follow.

Easy2Mine

hero member

Activity: 854

Merit: 500

einc.io

the title is a very good thing . Wall Street Vs blood on the street .

w@p

newbie

Activity: 22

Merit: 0

Sold 20% of my stash @ 100 Billion marketcap. Looking back I should have sold more though. Cool

This deep correction was to be expected with so much hype going around. Roll Eyes

We had a very (unhealthy) parabolic bull run upwards in the last few months.

Got in the cryptomarket @ 20 Billion marketcap, so I am not too worried (yet).
Most of my holdings are for long term investment.

killerfrost

sr. member

Activity: 1988

Merit: 254

PredX - AI-Powered Prediction Market

Quote from: dissident on July 11, 2017, 01:47:07 AM

I did OK.. I mostly got out before the charts said we popped. Buying at these high levels after such a massive run is a rookie mistake. Getting emotionally attached to an investment is another. Buy low, sell high.

Investment is always associated with high, low sales. We always want to buy bitcoin at low prices and sell at high prices. Buying low and selling high is what investors expect. I store bitcoin and always keep track of their prices. If I'm high, I'll sell a bit for the cost and will buy at another time.

styca

sr. member

Activity: 1078

Merit: 354

Quote from: BurstIncomeAsset on July 11, 2017, 05:49:12 PM

Quote from: styca on July 11, 2017, 05:11:07 PM

Quote from: Vlizzjeffrey on July 11, 2017, 03:37:09 PM

to much emotions.
If you were in it for quik profits, you should of sold everything, if you're a long term holder, you shouldn't even worry about this, go on with your life and once in a while check prices, dont worry about that shit to much.

Good advice. It's easy to get emotional, and the worst thing anyone can do is panic-sell. For long-term holders, don't worry, everything will turn green again. If you have the nerve and the ability, you can sell and re-buy lower; if you don't want to risk it, then just hold instead.

There is better to come, but always remember - the higher the prices go, the more the drops can hurt. If you had 10k and it's dropped to 5k... then if the next bull takes you to 100k, a similar % bear means a drop to 50k. The higher the ride, the stronger the grip required.

But everyone is expecting a big decline in August.

How can we know if this is just the start of a bigger fall?

We can't know. Is the Bitcoin civil war fully priced in now? I'm optimistic that SegwitX2 will prevail, and the bull will return shortly after July 21st... but this is only my uneducated guess. And what about ETH scaling? Will the price continue to fall until Casper? Or past then? Or has the recent whole-market drop relieved some of the ICO insanity and eased the pressure on ETH? We can't know for sure.

So if we can't know whether or not the decline will continue, we have a number of options:
a) no risk - cash out to fiat, forget about cryptos for a while and maybe come back later;
b) risk and reward - if you think prices will continue to fall, then sell and buy back more at a lower price, and repeat until the fall is over;
c) long-term hold - if you have faith in the long-term value of your coins, and don't want to risk short-term trading, then just hold, and stop checking the prices - dips come and go, crypto is volatile.

Personally I'm c with some b. I've increased my total coins during the drop, but not by a huge amount. I could have increased my stake more, but only if I'd taken more risks.

SmokerFace

sr. member

Activity: 958

Merit: 265

Just keep on HOLDING be patience don't panic if you see red on alts.
there 3 reasons in my mind why they are so much red numbers right now.

1. the summer - people enjoying their life and not hanging around forums.
2. the ICO marathon just stopped
3. people not sure about the segwit adaptation for bitcoin. and the ethereum transaction/miner problems the step to pos. (those 2 coins are still the biggest on the whole cryptomarkets - and this affects for sure the whole market).
we are enjoying the low, because now starts the time where it makes sense to keep your eyes open for possibilities to positionate your next big positions in your longterm investemens, Its a great chance to prepare some fresh money to get into crypto.

sweetbet

full member

Activity: 961

Merit: 110

SweetBet.com

My 7.2 BTC alt coin investment is now 3.7 BTC but am confident that it will recover sometime next month. I just wish that I had waited for this crash before I invested that money. I could've purchased twice as many coins. Live and learn

The Sceptical Chymist

legendary

Activity: 3500

Merit: 6981

Top Crypto Casino

Well what do you expect when you invest in throwaway coins, which is what most shitcoins are? And what do you expect from a market that has historically had more volatility than any other market I can think of? Yeah, you're in for a bloodletting on occasion. Next time use a stop-loss order or something to stanch the flow. Or stick a crypto tampon in it and hope for the best.

Apollo777

member

Activity: 98

Merit: 10

You can either hold through the rough times OR cash out to live and fight another day. Market Capitulation could happen.

ikiaozora

full member

Activity: 141

Merit: 100

just patience, still hold, everything will be fine. Long term is good choice

talkingdreams

member

Activity: 89

Merit: 10

Yes especially the ICO coins (SONM, Bancor and Status) are taking a hard hit right now in my portfolio. Guess there is nothing else to do then wait till this fiasco is over.

BurstIncomeAsset

hero member

Activity: 504

Merit: 512

Quote from: styca on July 11, 2017, 05:11:07 PM

Quote from: Vlizzjeffrey on July 11, 2017, 03:37:09 PM

to much emotions.
If you were in it for quik profits, you should of sold everything, if you're a long term holder, you shouldn't even worry about this, go on with your life and once in a while check prices, dont worry about that shit to much.

Good advice. It's easy to get emotional, and the worst thing anyone can do is panic-sell. For long-term holders, don't worry, everything will turn green again. If you have the nerve and the ability, you can sell and re-buy lower; if you don't want to risk it, then just hold instead.

There is better to come, but always remember - the higher the prices go, the more the drops can hurt. If you had 10k and it's dropped to 5k... then if the next bull takes you to 100k, a similar % bear means a drop to 50k. The higher the ride, the stronger the grip required.

But everyone is expecting a big decline in August.

How can we know if this is just the start of a bigger fall?

styca

sr. member

Activity: 1078

Merit: 354

Quote from: Vlizzjeffrey on July 11, 2017, 03:37:09 PM

to much emotions.
If you were in it for quik profits, you should of sold everything, if you're a long term holder, you shouldn't even worry about this, go on with your life and once in a while check prices, dont worry about that shit to much.

Good advice. It's easy to get emotional, and the worst thing anyone can do is panic-sell. For long-term holders, don't worry, everything will turn green again. If you have the nerve and the ability, you can sell and re-buy lower; if you don't want to risk it, then just hold instead.

There is better to come, but always remember - the higher the prices go, the more the drops can hurt. If you had 10k and it's dropped to 5k... then if the next bull takes you to 100k, a similar % bear means a drop to 50k. The higher the ride, the stronger the grip required.

BitcoinerXX

member

Activity: 94

Merit: 10

Quote from: Easy2Mine on July 11, 2017, 03:47:12 PM

The rise was very rapid. A very rapid decline now. Hopefully will settle soon.

alt coins are worthless, they are pure speculation. to keep dreaming about a return to ridiculous highs is insanity. but then again, the alt coiners tears will fuel the next bitcoin bullrun.

dream on suckers! Cheesy

Easy2Mine

hero member

Activity: 854

Merit: 500

einc.io

The rise was very rapid. A very rapid decline now. Hopefully will settle soon.

go4crypto

sr. member

Activity: 798

Merit: 263

This correction should be over around Aug 1 once the FUD around bitcoin is out of the way.
Just staying put and holding until then.

Vlizzjeffrey

hero member

Activity: 784

Merit: 503

Bitcoin King BTC

to much emotions.
If you were in it for quik profits, you should of sold everything, if you're a long term holder, you shouldn't even worry about this, go on with your life and once in a while check prices, dont worry about that shit to much.

Kenny001

sr. member

Activity: 329

Merit: 250

Quote from: CryptoPro3 on July 11, 2017, 03:10:28 PM

Guys, it's OK.

My portfolio dropped from $27,000 (peak) to $17,557 as of right now.

You don't lose ANYTHING until you sell. You don't take a loss until you sell. Until then, it is just a hypothetical "loss" on paper. You haven't lost anything yet, you lost a couple of made up numbers on paper. They will come back when the market starts to rise and the bull power kicks in. No worries, stay strong & hodl to your best coins and do whatever you need to to stay comfortable.

Exactly

CryptoPro3

full member

Activity: 182

Merit: 100

Money loves speed

Guys, it's OK.

My portfolio dropped from $27,000 (peak) to $17,557 as of right now.

You don't lose ANYTHING until you sell. You don't take a loss until you sell. Until then, it is just a hypothetical "loss" on paper. You haven't lost anything yet, you lost a couple of made up numbers on paper. They will come back when the market starts to rise and the bull power kicks in. No worries, stay strong & hodl to your best coins and do whatever you need to to stay comfortable.

vighter

full member

Activity: 160

Merit: 100

cash out at a point which you can live with, and join the next hype in 1-2 month.

or go short ETH and make big money

Topic: 🥊Blood on the street (Read 2870 times)