Topic: Crypto Bloodbath - page 5. (Read 5421 times)

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.

Try Abra, I'm trying it out now. It's an Android app, there is most likely a Apple counterpart. Links right to your bank account, does the 3 day ACH thing just like Coinbase. LBC is always a good choice, but it's hard to find a decent rate when the price is volatile.

Has anyone considered pegging to digital gold? Gold is never this volatile.

An ATM isn't a bad idea right now either, if you live near one. Even if you have to make a trip, it might be worth it

Coinbase is not the only website in which you can buy Bitcoin, Ethereum and Litecoin. You can buy Bitcoin, Ethereum and Litecoin from Coinspot. I have used Coinspot and my transactions have all gone well.

Another site to buy Bitcoin is https://localbitcoins.com/. I use this site for both buying and selling Bitcoin. It is similar to a forum in that each individual merchant can post their separate sales. Purchasers can choose from a wide range of choices to buy Bitcoin
 

Even if there is a bigger slip up in the price of bitcoin,i would really hold till i get my moneys worth,one thing is certain when i am trading ,i will never sell my coins at a loss because i am pretty sure that it will come back to the old valuation at a later stage and only litecoin took a longer time for recovery from its old valuation,pretty much the rest of the coins have risen almost all of the time.

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.

Local Bitcoins is one choice. There are many ways depending on your risk level.
You could sell a service, or something, depending on what you like to do.

• Play the ETH Bubble game = Make a decent presentation, call yourself a CEO, and people will be throwing money at you...

Oops are we allowed to say that on this side of the forum?
Sorry guys.   

Indeed, bloodbath everywhere maybe started from ethereum price, I mean big dump from this coin influence people to sell their coins as well. To secure their funds which already get profits? To avoid too much loss in this competition? Or, people want to invest on bitcoin at the right time before August 1st, as its price could be skyrocket again in the next month.

It takes a couple of days to wire the fiat to other exchanges. Coinbase I have the app linked to my bank.

It's been a while since bitcoin had a major price correction. A 15-20% dip is normal, the people selling because of panic or FUD are those that bought at $3000.

This is a good time to buy, $2000 is a dream and elusive, this slump is temporary and the price will rise above the previous high in a week or two.

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.

Never buy any "investment" when it is at all time highs. You sell at all time highs and buy something with promise that is near all time lows. Bitcoins purpose is not to be an investment, its a currency. Currencies facilitate trade and are meant to circulate. Buying something with no intrinsic value and holding it long term in hopes that it will increase in price, is little more than gambling.

One day another currency will take the shine off of bitcoin or perhaps Bitcoin will become commonplace and with the novelty worn off it will settle to a price much lower than we are seeing now.

One day corporations may issue their own currency, a company like Amazon would instantly gain millions of users for its own digital currency and massive media coverage.  You can bet they are looking into it and in the meantime keeping a close eye on Bitcoin to see how people react to it.

Either way its not a straight up trajectory in price for ever.

All markets rise and fall. The crypto market is no different. Bitcoin may be able to meet some or all of those challenges, time will tell. But rest assured, there will be challenges.

Why are you not trying to buy through another exchange site? I've bought some ether that gives me decent profit if the eth gets rebound asap.

The offline of coinbase just gives the more bad impact to this condition of crypto itself. Looks the rebound already started.  

The chart doesn't look too pretty right now. In fact, it looks like the bubble is popping. It had to happen at some point.

Yes mee too. But this is okay because we can't expect bitcoin to rise all the time. There will be pump and dumps as usual.

$2000 target is very reasonable.

sell sell sell Bitcoin is dead for sure this time, ETH back to $10, LTC back to $4....

remember that whales become big by eating tiny fish, same here LOL  

$2000 is too strong, as you pointed out, too many people waiting for it to go to $2000, so the closer we get to $2000, the higher the chances it will start going up again. People aren't idiots and they are waking up to the importance of having a good bitcoin position for the future. "Buy the dip" has proven to be the winning strategy since the inception of bitcoin.

Limited supply and increasing demand: It will never stop going up.

Not every day is good to buy. If the price is dropping like crazy, it's better to wait and see how low it gets and that's also a rule if you're buying in low quantities.
If you buy without thinking you'll have less coins and you'll have to wait longer to profit. Obvious, right? There's that investment saying, don't catch a falling knife.

If it truly crashes it's going a lot lower than this, this is hardly a crash, $2000 and below is still possible. Volatility like this is normal in bitcoin. If you have been around for a few years this will be nothing new but to the new members the sudden price drop could be worrying.

Trying to buy more BTC and ETH but Coinbase offline. This is golden opportunity to top up the bags on the cheap. Anyone have any luck?

I have bought too. I think the crash is happening because many people are with their hands shaking from fear of losing, especially the miners, electricity is the same, cost of miners is the same and their daily income is down. They are in a critical situation and many of them will think to sell their miners. Congratulations to who bought bitcoins at a dip.

Why is it that I am, once again, on the "I am losing my ass" side of the market?  Lol! I just need to choose more wisely when to invest! Those of you in a strong buying position, congratulations!