Crypto Bloodbath - page 4. | Bitcointalksearch.org

electronicash

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Quote from: Netnox on June 26, 2017, 11:39:20 PM

Quote from: DOGE12321 on June 26, 2017, 07:52:06 PM

No. I'd wait. Bitcoin price and Ethereum price is going to continue to fall for a while. Bitcoin's trend should be on a gentler slope, but Ethereum is bound to hit all-time lows. Literally, every website is having issues with transaction Ethereum and its system is in a complete mess. I hope this is not going to be the same when Bitcoin hits its hard-fork on August 1. Hopefully, Bitcoin reverses its trend and skyrockets after the fork.

Bitcoin is going to skyrocket after the fork, while Ethereum is going to vanish from the scene. What happened to Litecoin in 2015/16 will happen to Ethereum now. The ETH exchange rates were artificially inflated by removing a large part of the coins from free-float. With the prices crashing now, the ETH developers will start dumping their coins, which is going to accelerate the decline.

don't fool yourself. if you have plans to buy ETH its now. don't wait for it to die like how LTC did few years ago or you will wait forever. ETHER network had been the most successful in the entire crypto. none of the network ever did it before even the older once that existed before ETH had been struggling. ETH is here to stay.

i'd assume we're old enough to see BURST and NXT network which is populated by assets, how much are each of them up to now?

crazyivan

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It seems to me as if this dump s slowing down a bit, I think it s close to its end. I don't think we ll go below $2200 BTC. This is a scary period for newbies, I can bet they really feel uncomfortable seeing all those red candles.

Let me reassure you, we ve seen this before. After dump, there is always pump. Just hold and wait.

jorneyflair

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Quote from: Minecache on June 26, 2017, 11:43:32 AM

Now is the time to buy the dip and fill yer bags.

True, there is indeed a bloodbath happening right now.

If you look on the coinmarketcap front page you can see that most of the coins are down at least 5% today. Ethereum went down by 11%, which isn't surprising in my opinion at all.

It's interesting though that when bitcoin does nosedive, other altcoins are affected even more than bitcoin itself. This is demonstrated through the fact that the bitcoin dominance index has gone up even though bitcoin has went down. I actually do not think that bitcoin will go down below $2300. We might see something like another $100 price drop but thats probably going to be it. When it goes down to $2300 or less, people will be rushing to buy in, which means that coin price is going to go up. Furthermore, when the ETH craze dies down, bitcoin price is probably going to be positively affected.

Pursuer

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Quote from: xypos on June 27, 2017, 02:07:43 AM

Quote from: Minecache on June 26, 2017, 11:43:32 AM

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.

when buying bitcoin in dips you should never wait for a drastic low price, instead you should buy bitcoin is steps.
for example after a major dip happened and 1-2 days went by with drops it is a good sign to buy in. but only invest a percentage of what you want to invest then if price went lower buy more and if it went higher you can still be happy that you bought at least something cheaper.

in any case waiting for low prices of $1800, $1000, ... is never gonna pay out.

cafucafucafu

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Maybe it'll go down, nobody can really tell.

Bitcoin is simply way too volatile for anyone to predict what's going to happen. For example, there were a lot of people who were doubting that bitcoin will even break the $1000 level last year, and they accused bitcoin of being a speculative bubble in the mania stage when it was at $1300. Now though, everyone thinks that if bitcoin was at $1000, it would be extremely undervalued.

Yeah, if people think that bitcoin is going up and up, it's probably in its mania stage. However, there is nothing like this. A lot of people do think that bitcoin is going to crash, others believe that the price is just hanging around the $2500 mark. If you don't feel comfortable investing in bitcoin at this stage, then don't. Wait for an adjustment after 1st August.

Juggy777

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Quote from: Minecache on June 26, 2017, 11:43:32 AM

Now is the time to buy the dip and fill yer bags.

I feel there shall be further dip as we head to the august 1st Count down, I am expecting it to go below 2k and then bounce back to 2.5k so I would suggest to hold back your buying spree and buy when it breaks 2k. Though it's seems like it has formed some kind of resistance I feel it will yet fall, so let's see what happens if it falls or It doesn't in any scenario, I don't think right now is good call for buying, wait and watch.

aesma

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Quote from: SONG GEET on June 26, 2017, 01:48:18 PM

Quote from: aesma on June 26, 2017, 12:52:01 PM

It's time to short I would say. I'm both a holder (long term) and shorter (short term). That way I'm never disappointed !

The one who are suggesting others to dump their holding during large dumps like this can't be a long term bitcoin holder. Wink

Its time to open some long position in every alts which have huge daily trading volume, you can make really nice profit when this correction will be over.

I was only talking about BTC. And I was margin shorting. I made a nice profit when 2000€ was hit.

I'm not into alts though, I don't believe in them.

xypos

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Quote from: Minecache on June 26, 2017, 11:43:32 AM

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.

magneto

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I do think that there is probably going to be another additional dump, even though that people think it's already bottomed out. Bitcoin prices are currenly way too crazy to be sustainable, even with the current prices after the adjustment from $2900. Though I do think that the floor is set in stone at $2000, even if it crashes hard, there is no chance that bitcoin is going to go down as low as sub-2000. It's just not possible right now, there are so many people wanting to buy bitcoin for cheap.

To be honest though, if the UASF goes well and the fees are lowered somewhat from the current situation, bitcoin is probably going to sustain this $2500+ price level. After all, there are a lot of long term holders already, and there are only so many bitcoins that are in circulation. Everyone wants to get their hands on one, and there are only so many that people are willing to sell.

hajimasan

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Quote from: Minecache on June 26, 2017, 11:43:32 AM

Now is the time to buy the dip and fill yer bags.

I also thinks that we should buy the Bitcoin and also other coins like ETH dash because there are arise a big down rate in the current days and as we all knows that the price will speedly rise once again after the system solution of technical problems .
So here we should don't loose this opportunity.
If I can tell my profit then ofcourse I made 0.1btc profit with the eth in less then24 hours , because I bought the ETH at rate 0.095 btc and then this morning sold at high 0.11+ btc of value 1 btc Cool

And made a big profit in my life with ETH .
So my suggestion for everyone that don't loose any type of the opportunity this pump and dump in the price of the Bitcoin and other coin .

BrewMaster

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Quote from: Netnox on June 26, 2017, 11:39:20 PM

Quote from: DOGE12321 on June 26, 2017, 07:52:06 PM

No. I'd wait. Bitcoin price and Ethereum price is going to continue to fall for a while. Bitcoin's trend should be on a gentler slope, but Ethereum is bound to hit all-time lows. Literally, every website is having issues with transaction Ethereum and its system is in a complete mess. I hope this is not going to be the same when Bitcoin hits its hard-fork on August 1. Hopefully, Bitcoin reverses its trend and skyrockets after the fork.

Bitcoin is going to skyrocket after the fork, while Ethereum is going to vanish from the scene. What happened to Litecoin in 2015/16 will happen to Ethereum now. The ETH exchange rates were artificially inflated by removing a large part of the coins from free-float. With the prices crashing now, the ETH developers will start dumping their coins, which is going to accelerate the decline.

that may be, but the main reason is because of the ICOs and the fact that people were forced to use ether to buy them and nothing else so they kept buying ether to invest in these ICOs and price went up.
but these tokens didn't vanish they are all in the pockets of ICO devs and these devs will want to cash it out soon and when they do the price crashes.

aardvark15

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Quote from: Minecache on June 26, 2017, 11:43:32 AM

Now is the time to buy the dip and fill yer bags.

The price will probably go lower but you are correct, we should start buying soon. We're probably starting a correction and we could get some Bitcoins and altcoins cheaply.

Siren

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Quote from: Netnox on June 26, 2017, 11:39:20 PM

Quote from: DOGE12321 on June 26, 2017, 07:52:06 PM

No. I'd wait. Bitcoin price and Ethereum price is going to continue to fall for a while. Bitcoin's trend should be on a gentler slope, but Ethereum is bound to hit all-time lows. Literally, every website is having issues with transaction Ethereum and its system is in a complete mess. I hope this is not going to be the same when Bitcoin hits its hard-fork on August 1. Hopefully, Bitcoin reverses its trend and skyrockets after the fork.

Bitcoin is going to skyrocket after the fork, while Ethereum is going to vanish from the scene. What happened to Litecoin in 2015/16 will happen to Ethereum now. The ETH exchange rates were artificially inflated by removing a large part of the coins from free-float. With the prices crashing now, the ETH developers will start dumping their coins, which is going to accelerate the decline.

LOL. I thought ETH developer are now trying to be active again. But yeah, I think ETH will fall really hard now. I think they are artificially inflated and because of those ICO's that offer ETH as options to invest. Investors are trying to get out of ETH now, before they are trap and lost their money.

iamTom123

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Quote from: mk4 on June 26, 2017, 12:10:24 PM

for sure! most of the people holding crypto are panicking and selling their crypto, as if these kinds of dips hasn't happened in the past. Don't they know the holy term "HODL"? Grin

One thing's for sure, everyone shouldn't be bothered by this. why? More chances on grabbing cheap crypto!

Well, as they always said, in every crisis there is always an opportunity...an opportunity to start anew, an opportunity to make some money and an opportunity to learn big lessons in life.

The current dip is not the first nor will it be the last. This is the opportune time to beef up one's chest of coins and hopefully make big money when Bitcoin can be back towards the growth track and that is definitely coming soon in a few days only. We already know the history of Bitcoin (and other coins for that matter) and how it can behave.

There would be a barrage of good news coming for Bitcoin and after August One the sky would be so clear so that Bitcoin can be ready to soar again to new heights never been seen before. Unprecedented growth is coming to Bitcoin because India has already recognized Bitcoin and this is a very big market for cryptocurrency.

Netnox

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Quote from: DOGE12321 on June 26, 2017, 07:52:06 PM

No. I'd wait. Bitcoin price and Ethereum price is going to continue to fall for a while. Bitcoin's trend should be on a gentler slope, but Ethereum is bound to hit all-time lows. Literally, every website is having issues with transaction Ethereum and its system is in a complete mess. I hope this is not going to be the same when Bitcoin hits its hard-fork on August 1. Hopefully, Bitcoin reverses its trend and skyrockets after the fork.

Bitcoin is going to skyrocket after the fork, while Ethereum is going to vanish from the scene. What happened to Litecoin in 2015/16 will happen to Ethereum now. The ETH exchange rates were artificially inflated by removing a large part of the coins from free-float. With the prices crashing now, the ETH developers will start dumping their coins, which is going to accelerate the decline.

BartS

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Quote from: Zadicar on June 26, 2017, 11:19:54 PM

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.

That is not really the issue at all, bitcoin lost some value, the issue is that almost every crypto has lost a great deal of value in a very short amount of time, in fact bitcoin is doing way better than most altcoins and that is not a surprise since altcoin are more volatile.

jaysabi

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Quote from: European Central Bank on June 26, 2017, 09:08:07 PM

Quote from: Numbers on June 26, 2017, 06:55:15 PM

Bitcoin is quite possibly in its mania phase of this current bubble. The idea that it will never go down in price is proof of that. Nothing goes straight up forever.

uh, can you point me to the mania? where's the talk of bank loans and buying lamborghinis? people have been dissing this rise all the way from the mid hundreds.

if you want mania then check an ethereum forum.

He's right about the mania. Every other post in this thread is about how great of a time it is to buy because the price is dropping and everyone posting sentiment like that believes it is garaunteed to go back up. Nothing could be further from the truth. Nothing is garaunteed about price, and ultimately you could make money if you buy now, but if you're doing so because you think you're guaranteed to make profit, you're just a lucky idiot.

Zadicar

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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.

pooya87

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Quote from: ranreichman on June 26, 2017, 09:53:09 PM

Because crypto is going to be huge, the best investment policy is putting in cash every several weeks and hodling forever.

don't generalize. bitcoin is the only one that has proven to stay strong over the years and altcoins also have proven that they fail at every turn. whether it is price or it is a proper network.
so if you want to "put cash in" then do it in what matters not useless junk that are around today and may disappear the next.

ranreichman

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Because crypto is going to be huge, the best investment policy is putting in cash every several weeks and hodling forever.

Topic: Crypto Bloodbath - page 4. (Read 5375 times)