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Topic: Crypto Bloodbath - page 6. (Read 5421 times)

newbie
Activity: 47
Merit: 0
June 26, 2017, 03:35:24 PM
#29
Where do we buy now that Coinbase is down? Only been using coinbase and mining till now.
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
June 26, 2017, 03:23:28 PM
#28
As expected this is the right time to buy cheap btc. Or should we wait for the price to go below than 2000$.
I have this feeling that bitcoin will go down near 2000$ this week.

It won't go below $2000. You're not the only one waiting for it to happen, and guess what, there will always be a bunch of people who will try to outsmart the rest and set their orders at $2100 and above and catch those coins that idiots are selling. I'm saying idiots, because you have to be dumb to sell when it's about to hit a big wall that will make it bounce back.
sr. member
Activity: 1680
Merit: 288
Eloncoin.org - Mars, here we come!
June 26, 2017, 02:19:46 PM
#27
As expected this is the right time to buy cheap btc. Or should we wait for the price to go below than 2000$.
I have this feeling that bitcoin will go down near 2000$ this week.

Already bought some! if BTC goes below $2100 i would likely borrow some money and buy more! i think i got last chance to buy bitcoin in $2000 range, it's gonna take off and then i would wish that i should've bought more lol.

I never thought like that, every day is a good time to buy bitcoin because the current price is very standard and the possibility to go up is huge. Normally I do not buy 1 btc, just buy in small quantities, I never wait in this case.
legendary
Activity: 1400
Merit: 1009
June 26, 2017, 02:15:22 PM
#26
As expected this is the right time to buy cheap btc. Or should we wait for the price to go below than 2000$.
I have this feeling that bitcoin will go down near 2000$ this week.

Already bought some! if BTC goes below $2100 i would likely borrow some money and buy more! i think i got last chance to buy bitcoin in $2000 range, it's gonna take off and then i would wish that i should've bought more lol.
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
June 26, 2017, 01:19:04 PM
#25
This "blood-laden" north wind comes clearly from the altcoin side. The alt bubble simply popped - Ethereum's Flippening dreams failed definitively and now people are slowly getting it, triggering panic sells.

Bitcoin is doing quite well still. Not even the $2150-2200 intermediate low from mid-June is in danger for now. So in my opinion the slight downtrend in BTC is caused by altcoin sellers that go back into fiat using BTC as an intermediate currency. When the first selloff wave ceases, then BTC maybe even could go up again.
legendary
Activity: 2870
Merit: 7490
Crypto Swap Exchange
June 26, 2017, 12:45:51 PM
#24
I can agree buy bitcoin now is great idea if we optimize that bitcoin scaling solution will work well and there's no block split, but have you consider what would happen to bitcoin price if the scaling solution isn't working well (small chance), there's block split followed by massive dump with FUD or both of them?
I just HODL my coins since the condition isn't that good and i can't spare any fiat to buy more bitcoin right now.
hero member
Activity: 700
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
June 26, 2017, 12:48:18 PM
#24
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.
sr. member
Activity: 378
Merit: 250
June 26, 2017, 12:38:30 PM
#23
Yeah great time to buy crypto currency it is when it is in dip but only good for the fiat or newbies that has no coins yet. But for those who have already(like me) had it and not enough FIAT to take part of the buying with this dip is so frustrating.

How can you even buy Alt coins when you already have it, better to sell it then buy other? but they are all in dip now. Can't do anything but to watch them go down like a building that has been bombed.
member
Activity: 86
Merit: 10
Algorithmic Trader
June 26, 2017, 12:08:58 PM
#22
What were you guys expect to happen? Go everything straight up? Of course there will be some corrections.
Adjust your positions if you can't handle it.
sr. member
Activity: 644
Merit: 250
June 26, 2017, 11:55:53 AM
#21
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 !
Yeah I did day trading during this time and made a good profit. This is the best time to do some short term trading for easy profit. But be wise with the choice of coin.
legendary
Activity: 994
Merit: 1000
June 26, 2017, 11:54:06 AM
#20
Now is the time to buy the dip and fill yer bags.
Yes you are right, this is perfect shopping time and you can buy any of the top alts along with some bitcoin to be in profit within next few days or weeks. Easy profit is out there, grab it whatever you can.
hero member
Activity: 2548
Merit: 950
fly or die
June 26, 2017, 11:52:01 AM
#19
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 !
legendary
Activity: 3038
Merit: 1169
June 26, 2017, 11:51:55 AM
#18
I have been watching my wallet in Bittrex changing the numbers and it is not good because they are going down fast as Bitcoin and almost all other coins getting red...a tidal waves of reddish water is now drowning the cryptocurrency market. However, I am "hodling" on because I am sure that soon it would go around and the surge movement can be back. This must be an advanced expression of fear for the August One event.

And yes, definitely for those who still got the money, it is time to buy big time as the coins are in their low value. It is as if we are having a Midnight Sale and all coins are offered on very good discounted rates. However, I can sense that people are still waiting for coins to go down further before making the move.

Once there would be a buying momentum then we can be back in the road for more growth. This is quite normal in traded items where value can go either ways. Holders of coins should just wait for the storm to get pass.

Really good analysis in the movement of bitcoin, there are many users that are in a panic mode in selling bitcoins then many are asking for the price to return to the graveyard of a price so they can have cheap bought on bitcoin, and yes the impending August 1 is really a bother for many, and I also though that the $3000 price mark would surely last and would go straight to a $3500 of something, but it is just a big resistance, I am still holding in my coins and just like you waiting for the tide to turn.
full member
Activity: 143
Merit: 100
Investor
June 26, 2017, 11:51:16 AM
#17
I believe the bubble has burst and have cashed out 30% of my remaining altcoin holdings earlier this morning when Gemini was giving nicer prices than the other exchanges. Time will tell if I'm right. Even if I'm not, there will be future opportunities regardless of market cap.. I don't feel like I missing out, but rather making a responsible move based on the technicals.. going from $20B to $100B in a couple of months.. everyone likes to think "this time it's different" but I have yet to run into such a circumstance where it actually was different. I saw this coming a couple of days prior and didn't cash out like I should have.... we broke through the uptrend and that's it... the lower line is now resistance from where we should see a dead  cat bounce, and then further plunging.  The whales were very close to keeping the bull run going but couldn't muster it after the 4th time testing the previous top.   Now we will "fill in the gap" as they call it.



You sound like a total newb if im honest with no understanding of whats actually happening

Thanks for selling, easy money for me

hero member
Activity: 887
Merit: 516
Bitcoin OG
June 26, 2017, 11:50:19 AM
#16
ETH dropped to $0.10, I think that might have caused red alert for investors. Altcoins will follow bitcoin as people panic and sell more. My guess is, it'll dip below 2k before we see another jump to 3k+. Apparently, coinbase is down

You're right I think it's just Monday morning reacting to the media's coverage of the ETH flash crash. They didn't really do a good job reporting it and most people think it really did drop to $.10 (the actual value) - they could have really re-enforced the fact that it happened in a few seconds and on one exchange.

Side note: I am very upset with Coinbase being down everytime it's a good time to buy up BTC, ETC, LTC.
legendary
Activity: 2940
Merit: 1865
June 26, 2017, 11:46:18 AM
#15
Right now the hodlers and not outweighing the sellars but I'm still buying.


Buying Bitcoin (as an American) is pretty hard to do in Italy, else I too would be out buying at least a little.  My credit and debit cards won't allow me to buy from here.  The BTC ATM that coinatmradar said was in Turin apparently is NOT.

I might try my VPN (connect to a US server) and see if that works.

General comment on BTC pricing: yes, even if BTC were to go to $2000 or lower (from the $2380 or so it is at now), I think almost all of us have seen that it is no real problem as long as you HODL long enough, BTC almost always exceeds its down moves "bigly".
hero member
Activity: 1540
Merit: 500
June 26, 2017, 11:44:40 AM
#14
ETH dropped to $0.10, I think that might have caused red alert for investors. Altcoins will follow bitcoin as people panic and sell more. My guess is, it'll dip below 2k before we see another jump to 3k+. Apparently, coinbase is down
sr. member
Activity: 280
Merit: 250
June 26, 2017, 11:38:45 AM
#13
I believe the bubble has burst and have cashed out 30% of my remaining altcoin holdings earlier this morning when Gemini was giving nicer prices than the other exchanges. Time will tell if I'm right. Even if I'm not, there will be future opportunities regardless of market cap.. I don't feel like I missing out, but rather making a responsible move based on the technicals.. going from $20B to $100B in a couple of months.. everyone likes to think "this time it's different" but I have yet to run into such a circumstance where it actually was different. I saw this coming a couple of days prior and didn't cash out like I should have.... we broke through the uptrend and that's it... the lower line is now resistance from where we should see a dead  cat bounce, and then further plunging.  The whales were very close to keeping the bull run going but couldn't muster it after the 4th time testing the previous top.   Now we will "fill in the gap" as they call it. There's simply nothing at all bullish about the current chart.

legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
June 26, 2017, 11:33:58 AM
#12
Right now the hodlers and not outweighing the sellars but I'm still buying.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
June 26, 2017, 11:28:33 AM
#11
It seems people gone impatience of waiting for a quick profit.  Most new users in cryptocurrency think that it is very easy to get profit from trading cryptocoins/tokens.  So they jump into investing buying different coins and waited for it to increase in price.  But the truth is they need to wait for a while and the worst is if they bought the coins at its peak and started to decline.  As a result, seeing their investment reducing in value, they will sell to cut loses thus price crash even more.

many of new traders don't want to be patience and once they see that they loss the value, they will make selling order with fast and they don't thinking to hold for a while. if we sell right now while the price is down, then how long we can survive in trading because we only make cut loses and we can not make profit at all. its only a matter of time to see the price will be back soon.
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