Coin prices down 25% to 30% this morning. - page 3.

NavI_027

full member

Activity: 1232

Merit: 186

Quote from: Paycheck on March 12, 2020, 07:45:49 AM

Buying opportunity approaching! I just need to learn when to sell at the right time.

Indeed

. Instead of hoarding alcohols and toilet papers why don't we start hoarding coins right now. It doesn't create panic and fear plus you could generate earnings in the future. Better move, isn't it?

Quote from: Paycheck on March 12, 2020, 07:45:49 AM

I opened up coinmarketcap this morning, saw all the red, and said "holy fucking shit".

Honestly, I haven't visit the price chart recently but when I check it right this very moment, bitcoin already drop by 34%. OMG Shocked

! The price go back again to $5000 *sigh. Anyway, if you already get used to this kind of scenarios you won't panic at all. Chill guys, let's take advantage of it.

Darker45

legendary

Activity: 2576

Merit: 1860

Quote from: Gozie51 on March 12, 2020, 06:04:52 PM

Quote from: Darker45 on March 12, 2020, 08:27:27 AM

Well, I guess both the traditional market and crypto market are now affected by the fear of COVID-19 pandemic.

For traders, the fall of traditional market manifest as profit or loss in their account if you are talking of forex trade because money is made or lost in both buy and sell positions.

Yeah, but when I woke up this morning I saw that everything is seriously falling hard, both the traditional market and the crypto market. This is not anymore the usual. This is something that is suggestive of a terrible market slump. This is crisis already. I don't know if those huge sell off orders were made as a profitable strategy or just plain selling for the sake of having money to spend on more basic goods and services.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: Paycheck on March 12, 2020, 10:49:21 PM

Damn, I just logged into one of my trading accounts, and saw LTC hipping and bipping and dipping, touching $25.00! And while I was screwing around with the calculator and checking my credit card balance, it bounced back up over $33! Ethereum went from $96 to $121! Still not bad prices, but not buying-at-the-bottom either. Didn't get more coins yet.

I'm hoping everyone who just bought low, just turned around and sold on the flash high, and will drive prices even lower so I can get more for my money.

Risky move but if you get it right you'll easily grows your assets. Tough to say when will be the best timing as market keeps falling and one bounce
forward followed by a big splash of downfall.
Do your good assessment and judge the market condition according to how you understand the situation.

Paycheck

jr. member

Activity: 199

Merit: 1

Damn, I just logged into one of my trading accounts, and saw LTC hipping and bipping and dipping, touching $25.00! And while I was screwing around with the calculator and checking my credit card balance, it bounced back up over $33! Ethereum went from $96 to $121! Still not bad prices, but not buying-at-the-bottom either. Didn't get more coins yet.

I'm hoping everyone who just bought low, just turned around and sold on the flash high, and will drive prices even lower so I can get more for my money.

GekkeBelg

full member

Activity: 500

Merit: 102

Guys, a 27% increase over the last 30 mins! This clearly is a bull market now!!!

Paycheck

jr. member

Activity: 199

Merit: 1

I just checked, and BTC is at $4474 on coinmarketcap, and LTC is $27.50.

Holy camel shit!

I'm buying more LTC. EOS is down to $1.80 right now, and Ethereum is at $99.

LTC dropped another dollar in the time it took me to write this post! $26.50 now! BUY BUY BUY!!!!!!!

CristianOff

member

Activity: 421

Merit: 97

It may go further 30% down.

I may as well buy now a lot of crypto and forget about it for 6months - 1year, become totally inactive
Good luck to all of us.

FlightyPouch

sr. member

Activity: 1638

Merit: 300

People would be panic selling, I would panic buying at these times. Never seen bitcoin's price this low since last year. Well, time to reinvest boys, this chance doesn't come that often.

fiulpro

hero member

Activity: 1862

Merit: 830

Unfortunately cryptocurrencies are are also affected by a huge sell off of the market in accordance with the current senario which is hinting towards a big economic depression .
If something is affecting the people it's going to affect the cryptocurrencies , more or so it is by the people at the end of the day this even more volatile to be influenced. . . .

Therefore no doubt the prices will go down , who knows how much ..

HOLD for a while because there is no good reason to sell off soon .

pixie85

hero member

Activity: 2170

Merit: 528

I bought some at 6000. It's already lower than that but 6000 to me is a great well known and historically strong level. Maybe we'll go to 5500 who knows? If we look at it from a long term investment perspective wherever you buy, 5000, 6000, 7000, you're going to profit. The question is when because the higher you buy the longer you'll wait.

I wasn't expecting such a fast decline. The price action was a panic move after USA closing borders. People see that this is serious and want some cash in their pockets just in case. If nothing bad happens in the next 2 months.

Gozie51

hero member

Activity: 2520

Merit: 624

Such prediction can only come when bitcoin is on the bull but not now as market is severely on red. In other words, bitcoin is the determining crypto coin to altcoins.

Quote from: apvmoreira on March 12, 2020, 11:05:34 AM

The Coronavirus is having a damaging economic impact. And it concerns the crypto space too. Even when a situation on the crypto market is OK no one can predict an appropriate moment for buying/selling crypto. Who can do it now?

Quote from: Darker45 on March 12, 2020, 08:27:27 AM

Well, I guess both the traditional market and crypto market are now affected by the fear of COVID-19 pandemic.

For traders, the fall of traditional market manifest as profit or loss in their account if you are talking of forex trade because money is made or lost in both buy and sell positions.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Its corona time, take a break guys and let the market to recover from the sudden crisis.But no one actually knows when the market is going to recover in the traditional investment space like stocks but it is going to be different in crypto space for sure in my opinion.

Price hanging at $6000 for few hours now,any TA expert here to explain what is going to happen.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: Paycheck on March 12, 2020, 07:45:49 AM

Buying opportunity approaching! I just need to learn when to sell at the right time.
Why are cryptos falling, their prices should be rising like gold at times like this.

Why? Let me tell you why! Because bitcoin is either an investment or money!
What people do when there is an economic slowdown or even a crisis! They cut spending, they cut investments!

Wow, bitcoin is perfect for sending money overseas, but what if nobody wants to send money, people are returning to their countries because there is no more work aboard, people travel less so no need for a currency that is accepted everywhere? Bitcoin is perfect for buying stuff where PayPal and visa don't work...what if there is no more stuff to buy as people cut spending?

An economic slowdown means everything slows down, purchases and investments, there is less money for both of them and people are more cautious.

This is reality! Live with it!
Once all this shit finally ends and money comes back flowing into the economy the price will recover also.

Blackdeath

sr. member

Activity: 910

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

Quote from: Paycheck on March 12, 2020, 07:45:49 AM

Buying opportunity approaching! I just need to learn when to sell at the right time.

Why are cryptos falling, their prices should be rising like gold at times like this.

I opened up coinmarketcap this morning, saw all the red, and said "holy fucking shit".

Weird times, but whatever, as long as I make a big profit!

Cheap or low prices is a big opportunity for people who wants to buy their favorite cryptocurrencies like bitcoin. All you need to do is to buy low and sell high for you to gain more profit when you are about to invest or to trade. But always be careful because even you buy a coin in a low price it doesn't mean you could make a big profit because it depends to you on how would you gain your profit.

apvmoreira

member

Activity: 110

Merit: 10

The Coronavirus is having a damaging economic impact. And it concerns the crypto space too. Even when a situation on the crypto market is OK no one can predict an appropriate moment for buying/selling crypto. Who can do it now?

bitbunnny

legendary

Activity: 2912

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WOLF.BET - Provably Fair Crypto Casino

Yes, we are facing price dump but my advice is not to panic and not to sell. It's good opportunity to buy more bi, that is the way I see it.
For now we don't have confirmation that latest price dump is tight connected with corona virus or it would have happened anyway but watch the market closely and be prepared to act accordingly.

Broly46

full member

Activity: 1554

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0xe25ce19226C3CE65204570dB8D6c6DB1E9Df74AC

That’s kinda sick, I almost jump off from my gaming chair, and look for anything to pawn to fund next buying binge.

arrmia11

member

Activity: 406

Merit: 13

Quote from: Paycheck on March 12, 2020, 07:45:49 AM

Buying opportunity approaching! I just need to learn when to sell at the right time.

Why are cryptos falling, their prices should be rising like gold at times like this.

I opened up coinmarketcap this morning, saw all the red, and said "holy fucking shit".

Weird times, but whatever, as long as I make a big profit!

How to to know this situation it's already affected by the corona virus this is really a bad news because not only the people are affected but even the cryptocurrencies and it keeps going until now hope that the government will take an action for this so it will not spread anymore keep safe everyone be aware.

Paycheck

jr. member

Activity: 199

Merit: 1

For once I didn't screw around, I hopped onto one of my trading accounts and bought 10 more LTC just now. With the coin price plus site fees it cost $370.00. So essentially $37 per coin. Not bad. Now to let it ride to more profits, I need to figure out what my new dollar cost average is, I think I'm HODLing about 62 LTC right now. Something like that.

Paycheck

jr. member

Activity: 199

Merit: 1

Litecoin is down to $33.73 right now, I just need to watch the price of BTC and "time the bottom" and purchase more Litecoins at rock bottom prices for MAXIMUM PROFITS!!!

I would've, could've, and should've sold the LTC I bought at $61 for $81 a couple weeks ago, but again I muffed it up and didn't, so now I have to HODL until the next price bump.

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