Topic: Crypto Bloodbath (Read 5375 times)
another bloodbath again brothers!
The slightly bearish trend of the Bitcoin price in the last two days could have to do something with Craig Wright's rant yesterday? He seems to have threatened to buy 20% of the hashrate to block Segwit2x.
I don't think he will succeed, but these kind of announcements injects more "insecurity" into the market.
Although, again, most altcoins fell much harder down than Bitcoin from yesterday to today. So it's maybe simply the already described effect of operations of the "Altcoin -> BTC -> Fiat" kind.
I don't think he will succeed, but these kind of announcements injects more "insecurity" into the market.
Although, again, most altcoins fell much harder down than Bitcoin from yesterday to today. So it's maybe simply the already described effect of operations of the "Altcoin -> BTC -> Fiat" kind.
Not every altcoins are pumped fake, very few are doing this. Those coins can be found easily, because this happens in a stable manner or else very rarely. Recently with one of the coin in my portfolio got pumping around 200%, but I expected more to take place by the consecutive days. Everything went as a dream now it is pumping 10-20%.
What kind of a coin is this, if not a secret? Recently I am interested in alternative coins and I want to buy some of them. But I understand that this is very risky, so I want to gather as much information as possible
Not every altcoins are pumped fake, very few are doing this. Those coins can be found easily, because this happens in a stable manner or else very rarely. Recently with one of the coin in my portfolio got pumping around 200%, but I expected more to take place by the consecutive days. Everything went as a dream now it is pumping 10-20%.
Now is the time to buy the dip and fill yer bags.
Well today is another bad day for crypto.
Taking a look on coinmarketcap you can see all but less than 20 coins out of the total 100 on the front page is currently in the red. Though it's not really a bloodbath this time round, no major disappointments at least. Average loss was around just 3-5% per coin.
Is it a good idea to buy and baghold right now? I don't think so... I think that proceeding this current pump we'll see some crazy ass adjustments coming up, and altcoins are going to be the most affected, bitcoin will be somewhat affected too. I'd say wait another 6 months when everyone goes quiet, then it's the perfect time to buy in.
the altcoin pumps are starting to show themselves now. all the fake rises and all their bubbles are bursting and their prices fall hard.
now the effect it has on bitcoin is that most of the big profits that most altcoin investors gained from these pumps is being converted to fiat through bitcoin. they bought a small amount of bitcoin with fiat then joined some pump, some ICO and now have a lot more. some of them liquidate at least a part of it and that makes a sell pressure on bitcoin price.
Now is the time to buy the dip and fill yer bags.
Well today is another bad day for crypto.
Taking a look on coinmarketcap you can see all but less than 20 coins out of the total 100 on the front page is currently in the red. Though it's not really a bloodbath this time round, no major disappointments at least. Average loss was around just 3-5% per coin.
Is it a good idea to buy and baghold right now? I don't think so... I think that proceeding this current pump we'll see some crazy ass adjustments coming up, and altcoins are going to be the most affected, bitcoin will be somewhat affected too. I'd say wait another 6 months when everyone goes quiet, then it's the perfect time to buy in.
Now is the time to buy the dip and fill yer bags.
It's probably not over yet.
I would say that the market will always over adjust, and right now it has adjusted, though still probably not quite enough. i wouldn't be surprised if bitcoin were to go down to a level that is say, $1800,$1900. Something along the lines of that.
When it does happen, as you said it'll be a great opportunity to buy in.
Always go against crowd sentiment.
People who always go against the crowd sentiment end up getting destroyed by the market, since crowd sentiment is essentially what determines what is successful and what is not in capitalist markets. Every market is just the expression of crowd sentiment. The crowd gets irrational from time to time, which creates opportunity. But opperating on the assumption that the crowd is always wrong is a recipe for ruin.
I think that what he meant wasn't really crowd sentiment, but rather when everyone is pumping up the price of bitcoin etc., you should dump all of your coins, and when everyone is saying that bitcoin is trash, it has no future etc., then that's the time to be in some for holding.
Honestly you'd be surprised at how many stupid investors that are out there, and how many instances someone could have dumped their coins for a nice chunk of money but instead wanted to make more and got greedy.
I do think though that there's probably going to be another dump somewhere soon in the near future. How much it adjusts by, i'm not particularly sure but the pre-fork panic is going to affect the price of bitcoin negatively imo. Altcoins will be dragged down alongside btc, though some might actually get pumped as a hedge against btc(ripple, eth). It'll be a good time to buy at that stage.
Now is the time to buy the dip and fill yer bags.
It's probably not over yet.
I would say that the market will always over adjust, and right now it has adjusted, though still probably not quite enough. i wouldn't be surprised if bitcoin were to go down to a level that is say, $1800,$1900. Something along the lines of that.
When it does happen, as you said it'll be a great opportunity to buy in.
Always go against crowd sentiment.
People who always go against the crowd sentiment end up getting destroyed by the market, since crowd sentiment is essentially what determines what is successful and what is not in capitalist markets. Every market is just the expression of crowd sentiment. The crowd gets irrational from time to time, which creates opportunity. But opperating on the assumption that the crowd is always wrong is a recipe for ruin.
Its not actually a bloodbath because 10-20% decrease on the amount of bitcoin is just really a normal thing on this ecosystem and price corrections do really happen on it since we do know that bitcoins price is too volatile but yet this is the best time to buy more cheap bitcoins because later on it will climb up again and with that we can really make proits out of that movement.
Just because volatility is normal doesn't make the losses any less significant. A 20% loss of capital is a 20% loss of capital, whether something is fairly stable (like the USD) or very volatile (like BTC). The only difference is whether you appropriately considered the likelihood of the' bloodbath.'
As what i expected too when bitcoins price use to drop its normal and an effect for altcoins to falldown and have a bloodbath in the coinmarketcap,its good time for shopping good altcoins
It's good time to buy bitcoins too. 
i don't miss opportunities like these, i buy BTC with whatever saved amounts i have. i keep on increasing my BTC holdings little by little. 
@The One: I mostly agree - volatility will be high in the next weeks until the first act of the Segwit2x drama is "locked in". The pretty "bland" downmoves of the Bitcoin price gives me some hope that it - in the case of BTC - won't be too bloody, however - maybe even the $1850 low holds fine until mid-July, when I expect a new attack on $3000 after Segwit is locked in.
What surprises me is the hard crash of Ethereum. I had expected other altcoins like Ripple and Dash to crash much harder, but it's ETH that is really falling down like a rock[/i].
What surprises me is the hard crash of Ethereum. I had expected other altcoins like Ripple and Dash to crash much harder, but it's ETH that is really falling down like a rock[/i].
ETH - Jan 1st 2017 $698,149,000. Peaked at June 14th $36,761,600,000. Basically a rise of $36,063,451,000 because of
Are you really surprised? ETH going to fall much further once BTC get sorted and the "civil war" ends. Who is gonna use ETH? Couple of Geeks. Eth too complicated and messed up for an average person to understand, whereas BTC is easy to understand. Dash, Ripple bubbles is smaller, so less downside.
During the past 3 months, I have seen posts from a lot of "experts" claiming that ETH is about to fall. But apart from temporary slides, ETH seems to be on the upswing against the Bitcoin. I just checked the Coinmarketcap website, and found that ETH has risen by around 30% during the last 24 hours.
@The One: I mostly agree - volatility will be high in the next weeks until the first act of the Segwit2x drama is "locked in". The pretty "bland" downmoves of the Bitcoin price gives me some hope that it - in the case of BTC - won't be too bloody, however - maybe even the $1850 low holds fine until mid-July, when I expect a new attack on $3000 after Segwit is locked in.
What surprises me is the hard crash of Ethereum. I had expected other altcoins like Ripple and Dash to crash much harder, but it's ETH that is really falling down like a rock[/i].
What surprises me is the hard crash of Ethereum. I had expected other altcoins like Ripple and Dash to crash much harder, but it's ETH that is really falling down like a rock[/i].
ETH - Jan 1st 2017 $698,149,000. Peaked at June 14th $36,761,600,000. Basically a rise of $36,063,451,000 because of
Are you really surprised? ETH going to fall much further once BTC get sorted and the "civil war" ends. Who is gonna use ETH? Couple of Geeks. Eth too complicated and messed up for an average person to understand, whereas BTC is easy to understand. Dash, Ripple bubbles is smaller, so less downside.
During the past 3 months, I have seen posts from a lot of "experts" claiming that ETH is about to fall. But apart from temporary slides, ETH seems to be on the upswing against the Bitcoin. I just checked the Coinmarketcap website, and found that ETH has risen by around 30% during the last 24 hours.
My 099 doges from the day before yesterday is at 104 today. My general 2 dollars are at 2.18.
Poloniex prices.
I'm smiling.
Poloniex prices.
I'm smiling.
...
Hmm, big price differences in BTC prices from sites that I follow:
ounce.me: $2579
blockchain.info: $2555
preev.com: $2488
kitco.com's tool: $2459
That's over $100 in price differences between the high and low. Checked them all in the last two minutes. YES, I know that kitco and ounce use averages.
Hmm, big price differences in BTC prices from sites that I follow:
ounce.me: $2579
blockchain.info: $2555
preev.com: $2488
kitco.com's tool: $2459
That's over $100 in price differences between the high and low. Checked them all in the last two minutes. YES, I know that kitco and ounce use averages.
As what i expected too when bitcoins price use to drop its normal and an effect for altcoins to falldown and have a bloodbath in the coinmarketcap,its good time for shopping good altcoins
What a lovely afternoon fellas!
As what i expected too when bitcoins price use to drop its normal and an effect for altcoins to falldown and have a bloodbath in the coinmarketcap,its good time for shopping good altcoins
That is crazy, but aren't banks using Ethereum now? that's probably where all the money is coming from!
no. that's one of the pervasive myths that people like to use to pump.
no bank is ever gonna use an alt that's exposed to an open market, same goes for xrp, especially markets as rigged as the crypto ones. what are they gonna do, get on poloniex and buy buy buy if they need to complete someone's bank transfer if they ran out of ethereum? that's ridiculous.
they'll use the code and adapt it for their own purposes but try telling that to the pump zombies.
Yeah that would make more sense I guess.
But I do believe ethereum is just about to sky rocket, not trying to pump or anything, I am a simply a miner and don't hold.
My price predictions:
by end of June: €300+
by end of 2017: €1000+
Yeah right... ETH with a market cap of €90bn min.
Carry on
0x67a748600f4be3502bd3bd2d0bd9fbce2b245422
That is crazy, but aren't banks using Ethereum now? that's probably where all the money is coming from!
no. that's one of the pervasive myths that people like to use to pump.
no bank is ever gonna use an alt that's exposed to an open market, same goes for xrp, especially markets as rigged as the crypto ones. what are they gonna do, get on poloniex and buy buy buy if they need to complete someone's bank transfer if they ran out of ethereum? that's ridiculous.
they'll use the code and adapt it for their own purposes but try telling that to the pump zombies.
Yeah that would make more sense I guess.
But I do believe ethereum is just about to sky rocket, not trying to pump or anything, I am a simply a miner and don't hold.
My price predictions:
by end of June: €300+
by end of 2017: €1000+
Yeah right... ETH with a market cap of €90bn min.
Carry on
Never had so many people IRL asking me about Ethereum. They are all big Facebook users and seen Ethereum, Lisk and Ripple on Facebook feeds. "Did you miss out on Bitcoin" sorta headlines. So many new people coming into crypto and blindly buying anything in the hope it will 10x their money overnight. I was the same when I first started out, only till I got rekt a few times did I realise.
The fact that so many people are asking about crypto, with no financial or IT background is great, but also worrying as a lot of people are going to be losing a LOT of money.
The fact that so many people are asking about crypto, with no financial or IT background is great, but also worrying as a lot of people are going to be losing a LOT of money.
i don't have any sympathy for such people. if they can't educate themselves then they shouldn't be playing with fire. there's enough history out there for people to read.
Don't spend what you can't afford to lose
An exchange is not the only place to trade crypto. There are instruments on the stock market for trading..
the only options in a legit market sense are bitcoin ones like gbtc and the kncminer etn. there's off exchange buying of course but i'm 100% unconvinced there's institutional money involved in alt pumps. that's not what they do.
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