Crypto Black-Friday | Bitcointalksearch.org

eminemcookie

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Quote from: pooya87 on November 24, 2018, 11:22:24 PM

Quote from: deadthings on November 24, 2018, 06:03:49 AM

Quote from: pooya87 on November 23, 2018, 10:24:45 PM

just because something is cheaper it doesn't mean they are cheap!

most of these altcoins are still extremely overvalued which means they have to continue getting dumped more to reach their real value let alone be considered a goo buying opportunity.

The statement that these coins are "extremely overvalued" in my opinion is very tough.
I look only at the demand and supply, and as for me the price that we see now is the right one.
I would seriously like to ask you how you calculated the value of these coins?

based on the type of their demand.
the demand for bitcoin is speculators but also all those who seek freedom with a decentralized and censorship resistant currency. and bitcoin already has a lot of merchant adoption.
the demand for altcoins is speculators but nothing else. that is what makes them overvalued. not to mention that their rise was because of pumps not real increase in value.

Over-valued based on what? Their current usability and state of adoption - of course. Their future potential - i'm not so sure. Think of it like in sports where sports clubs pay lots of money for young players, at the time they pay for them they're getting bad value because they're not worthy of that fee just yet, but they're investing in potential and have to pay over the current value to receive that.

pooya87

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Quote from: deadthings on November 24, 2018, 06:03:49 AM

Quote from: pooya87 on November 23, 2018, 10:24:45 PM

just because something is cheaper it doesn't mean they are cheap!

most of these altcoins are still extremely overvalued which means they have to continue getting dumped more to reach their real value let alone be considered a goo buying opportunity.

The statement that these coins are "extremely overvalued" in my opinion is very tough.
I look only at the demand and supply, and as for me the price that we see now is the right one.
I would seriously like to ask you how you calculated the value of these coins?

based on the type of their demand.
the demand for bitcoin is speculators but also all those who seek freedom with a decentralized and censorship resistant currency. and bitcoin already has a lot of merchant adoption.
the demand for altcoins is speculators but nothing else. that is what makes them overvalued. not to mention that their rise was because of pumps not real increase in value.

BitHodler

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Activity: 1526

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Crypto currencies, even Bitcoin, can go way lower than anyone here can even imagine. What's the underlying value of Bitcoin for people who are currently selling it, and for those who plan to sell soon? It has none.

It was nothing more than a bet for them. Some won, more lost, and a large percentage of those who lost did so in a very ugly manner. This is a horrible side of crypto, because it doesn't signal it is user friendly, nor is it ready for use.

Dollar cost averaging your entry points is the only way to handle a market that doesn't allow itself to be timed. The lower the price is, the larger the amounts should be when buying into the market at this point.

Nothing goes up for ever and nothing goes down for ever--eventually your patience will pay off.

quartzz

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Quote from: mikeywith on November 24, 2018, 09:07:26 PM

Quote from: quartzz on November 24, 2018, 06:15:29 PM

OP : which website gets that info?

https://www.coingecko.com/en/coins/ath

thanks

mikeywith

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be constructive or S.T.F.U

Quote from: quartzz on November 24, 2018, 06:15:29 PM

OP : which website gets that info?

https://www.coingecko.com/en/coins/ath

liuqi

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LuckyB.it is Back!

Quote from: OgNasty on November 24, 2018, 05:14:17 AM

Quote from: Butterscotch Cartman on November 23, 2018, 11:22:58 PM

None of these "coins" have any real value including bitcoin.

If that were true, it would mean your time is worthless, otherwise you wouldn’t spend it here.

You are right, But peoples are eagerly waiting for the offers in any industry so he was wrongly understand the crypto currency offers. Already market is bleeding in this month so investors are never thinking the black Friday at the same many products are discount in today so who are all waiting for electronics and other product it is the right opportunity.

1Referee

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Buy the dip has been a nightmare for most people this year, lol. What's the right dip to buy when almost every dip turns out to be the wrong one? Tongue

I foolishly tried to long this shit a couple of days ago on Bitmex hoping for a quick bounce, and paid the price for it. I'm not doing anything related to trading anymore. I'm just averaging my way into the spot market, and patiently wait for things to cool off.

How the heck does Stellar still have a near $3 billion market cap after all this selling. It's mind boggling how this utter garbage is still worth that much.

quartzz

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OP : which website gets that info?

Biscutard

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Quote from: Butterscotch Cartman on November 23, 2018, 11:22:58 PM

None of these "coins" have any real value including bitcoin.

So does the real coins and paper banknotes if that's what you mean. I don't know if you are just being too realistic or just a fool one? If people starts to bid on it for something may real money or some items, it's just mean that it has an attribute that makes it too expensive.
Quality over quantity, that is how bitcoin has a value.

mikeywith

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Activity: 2394

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be constructive or S.T.F.U

Quote from: pooya87 on November 23, 2018, 10:24:45 PM

just because something is cheaper it doesn't mean they are cheap!

most of these altcoins are still extremely overvalued which means they have to continue getting dumped more to reach their real value let alone be considered a goo buying opportunity.

I totally agree with the first sentence while strongly disagree with the second part, i know most people are blindly married to BTC , whereby if we had to discuss the technical strengths of BTC vs some ALTS , i am pretty sure BTC will fail big time,but we leave the technical part aspect and focus on the possibility of growth for BTC vs ALTs since we are talking about price and not the technology.

while BTC is considered to be the safe haven of the crypto market , and as for now the market can not survive without bitcoin that's one thing for sure, but if you are looking for profit then the odds goes to ATLs side. for many reasons one which is simply the market cap of those alts. now of course that goes both ways for gain and loss of value.

keep in mind some of these shitcoins will most likely vanish , but some will sky rocket .

fasdorcas

hero member

Activity: 798

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Almost every year people do make this black friday joke about how the prices of crypto currencies are lower. Do you know why there is these jokes every single year on black friday? Simple explanation really, because people sell their bitcoins during black friday to buy stuff. Yes as simple as that. People cash out their bitcoins before black friday so they can take advantage of the black friday prices and really get a good deal on some stuff they want. Some people do this at a scale so they can buy a lot of stuff all together at once so they can sell it later on a higher price but still lower then the original price, some people do this because they really need something but in the end the reason why every black friday prices drop is because people want to buy something at the black friday sales.

St4yInTh3D4rk

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Activity: 686

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"STAY IN THE DARK"

Nothing is permanent,everything has ups and downs so if the prices were falling doesn't means it will stay at the low prices forever and the prices fell almost at the same rate in even in the history to and then the prices go like crazy so lets activate the risk mode and buy few coins now,if the history repeats you will gets a chance to be a millionaire or billionaire. Cheesy

Dilerium90

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Activity: 756

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Quote from: pooya87 on November 23, 2018, 10:24:45 PM

just because something is cheaper it doesn't mean they are cheap!

most of these altcoins are still extremely overvalued which means they have to continue getting dumped more to reach their real value let alone be considered a goo buying opportunity.

Everything looks simple, but the fact is that no one knows the real value of the coins. Who determines how much this or that coin should cost? Therefore, there will always be such jumps and volatility on the cryptocurrency market.

eminemcookie

full member

Activity: 364

Merit: 123

There are some really great bargains here. I'd still focus on bitcoin but looking at some coins like ADA which are nearly 95% down there's huge profit potential. I see this as being similar to the dotcom bubble where a few of these coins will go back to their ATHs and much higher but some others will never get close again and will eventually tend towards 0.

Juggy777

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Quote from: Butterscotch Cartman on November 23, 2018, 11:22:58 PM

Quote from: pooya87 on November 23, 2018, 10:24:45 PM

just because something is cheaper it doesn't mean they are cheap!

most of these altcoins are still extremely overvalued which means they have to continue getting dumped more to reach their real value let alone be considered a goo buying opportunity.

None of these "coins" have any real value including bitcoin.

I'll agree most of the alts are over priced hence they never make it to my portfolio, the word you mean is correction which offten happens when an asset prices becomes over valued. I'll only be adding Bitcoins to my portfolio nothing else. I don't care about other coins, but if bitcoins didn't have any value what are you doing here on it's forum? Bitcoins has been there for 10 years there's millions of dollars transactions already, but according to you it has no value do some research before you make such loosely worded statements.

deadthings

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Activity: 1106

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Betking.io - Best Bitcoin Casino

Quote from: pooya87 on November 23, 2018, 10:24:45 PM

just because something is cheaper it doesn't mean they are cheap!

most of these altcoins are still extremely overvalued which means they have to continue getting dumped more to reach their real value let alone be considered a goo buying opportunity.

The statement that these coins are "extremely overvalued" in my opinion is very tough.
I look only at the demand and supply, and as for me the price that we see now is the right one.
I would seriously like to ask you how you calculated the value of these coins?

El duderino_

legendary

Activity: 2688

Merit: 13334

BTC + Crossfit, living life.

Quote from: OgNasty on November 24, 2018, 05:14:17 AM

Quote from: Butterscotch Cartman on November 23, 2018, 11:22:58 PM

None of these "coins" have any real value including bitcoin.

If that were true, it would mean your time is worthless, otherwise you wouldn’t spend it here.

+wo merit

and believe me his time is proven to be more then worthless @the WO

geeeeeeeeeeez

edit: how can something be worthless and yet survived 10 years already with being worth 4K-ish @ the time of today and still have people willing to buy it every single moment, and have a user increase all the time, perhaps a doctor needed for you, are just a SALTY F*** cause haven't any BTC's of your own, or sold all @ 3-dig value or ......?

OgNasty

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Leading Crypto Sports Betting & Casino Platform

Quote from: Butterscotch Cartman on November 23, 2018, 11:22:58 PM

None of these "coins" have any real value including bitcoin.

If that were true, it would mean your time is worthless, otherwise you wouldn’t spend it here.

davis196

hero member

Activity: 3164

Merit: 937

Quote from: pooya87 on November 23, 2018, 10:24:45 PM

just because something is cheaper it doesn't mean they are cheap!

most of these altcoins are still extremely overvalued which means they have to continue getting dumped more to reach their real value let alone be considered a goo buying opportunity.

I agree with that.The market decides wether or not some asset is overvalued or undervalued.
But the perception of value is something weird.Diamonds and Gold are considered valuable only because:
1.They are Rare.
2.It's very difficult and expensive to extract them.
Without those 2 factors,they are almost useless...
Bitcoin has value for the same 2 reasons.Without them,bitcoin is useless as well...

HabBear

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Activity: 1106

Merit: 638

Quote from: Butterscotch Cartman on November 23, 2018, 11:22:58 PM

None of these "coins" have any real value including bitcoin.

Uh Oh, with this comment we may have jumped the shark.

How does Bitcoin have real value that something like Ripple or Ether does not? It doesn't. You're a fool if you believe that Bitcoin is some how special beyond being first (and thus most well known). Try not to be a fool.

Topic: Crypto Black-Friday (Read 412 times)