I think after a few days, people will start buying A LOT of BTC and will put us on the road to recovery.
Bitcoin and others cryptocurrency has started recovery and since the 13 September 2017 that you make this post bitcoin has make over 30% return and most of the popular altcoins also. The Jamie dimon comment that classified bitcoin as a scam was an idea to lower bitcoin price so they can buying cheap. 
Topic: We're at the second stage of the bloodbath now.. Thoughts? (Read 1163 times)
The market has been going down after CEO of JP Morgan publicly criticized Bitcoin:
https://www.cnbc.com/2017/09/13/bitcoin-price-falls-on-worries-about-china-exchange-crackdown.html
https://www.cnbc.com/2017/09/13/bitcoin-price-falls-on-worries-about-china-exchange-crackdown.html
i think it will be for a few weeks only,still hope we can earn some profit to the moon
maybe its only a mentality test for newbie like me
hahahahaha
maybe its only a mentality test for newbie like me
hahahahaha
Recent news from China and JPMorgan can, if not already, increase the FUD surrounding bitcoin. This in turn affects holders "emotions". Any competent trader worth his/her salt can read this and know that a dump is coming and starts doing massive sell offs in exchanges and cashing out, weakening bitcoin. This will be their "stop-loss". And when the dump does happen, they start buyin' at cheap. And everyone else joins the bandwagon.
I wouldn't worry much about this for now. Just sit back, watch the waves and wait for the tsunami!
I wouldn't worry much about this for now. Just sit back, watch the waves and wait for the tsunami!
China's ban will not stop the scammy ICOs, if the scammer is out of china he/she will not even care about it, they just will put a "if you are a chinese resident please don't buy" in their announcementes.
Contrary to what anyone will say, no one actually knows the floor for any coin, even bitcoin, the best we can do is analyze past trends and try to see where the floor will be.
Regarding currencies, yes it is a good time to buy, but if you do buy, don't be surprised to see your investment decrease much further before the phantom floor is reached
Regarding currencies, yes it is a good time to buy, but if you do buy, don't be surprised to see your investment decrease much further before the phantom floor is reached
Yes, It's possible that investors lose their money in short-term. That is what usually happens to impatient peoples. Now it's a good time to invest, do not panic if price decrease more and just wait.
Contrary to what anyone will say, no one actually knows the floor for any coin, even bitcoin, the best we can do is analyze past trends and try to see where the floor will be.
Regarding currencies, yes it is a good time to buy, but if you do buy, don't be surprised to see your investment decrease much further before the phantom floor is reached
Regarding currencies, yes it is a good time to buy, but if you do buy, don't be surprised to see your investment decrease much further before the phantom floor is reached
Now is the time to buy bitcoin and etherium. After the recent ban on the ICO in China, the situation there will soon stabilize, the risky ICO will be removed from the crypto currency market (only in July-August this year they collected 750 million investments, and according to the People's Bank of China, 91 percent of ICO are illegal and fraudulent) this ICO will again be allowed. From this bitcoin and etherium will only grow stronger and start their sharp growth.
I agree with you about bitcoin price rise in coming days. But I don't think the reason of recent price fall is ICOs ban in China. These fluctuations are completely normal in cryptocurrencies.
These dips are when all of us get the opportunity to buy more coins for fiat. I really don't mind them, I'm in it for the long term.
Now is the time to buy bitcoin and etherium. After the recent ban on the ICO in China, the situation there will soon stabilize, the risky ICO will be removed from the crypto currency market (only in July-August this year they collected 750 million investments, and according to the People's Bank of China, 91 percent of ICO are illegal and fraudulent) this ICO will again be allowed. From this bitcoin and etherium will only grow stronger and start their sharp growth.
It will probably drop some more over the next few days, but the market seems to be holding up better than I expected it to. A month from now everyone will forget that this correction ever happened.
There's nothing to worry about - just a long-awaited correction before another race up.
With all rumors going around the internet, about china ban on ICOs and stopping of local bitcoin trades, things has been going south. But those are mostly unconfirmed information. People are scared, and when people are scared they tend to do not so smart things, like selling their bitcoins. It will not take long before people start understanding that bitcoin is not dying, and they will start buying again. And we will continue where we were... simple as that 
I think that we might see anywhere between 3000 or 3500 in coming weeks. It needs a breather to organically grow further
It's more than likely going to be a few more dips here and there but after November things could start turning around quickly. Buy, buy buy, hold hold hold... 
I think we're on for a rough few months. The buy walls for bitcoin are very thin. We are at the beginning of a major correction phase right now. How long will it last? No one knows.
I think market will be worse in october and november so I think everyone should cash out their coins not to be broken in winter. If you have also enough cash then no problem.
Many decentralized exchange project come in Q4 in 2017 thats will make altcoins less dependent from Bitcoin drops and will stabilize cryptomarket in that matter. October is big for updates and announcment from other good projects.
When Bitcoin will fall it will be the problem of Bitcoin alone. Soon
That is, unfortunately, utter nonsense. Whenever BTC drops, all other alts drop 2-3x times as much. When BTC is stable, alts can rise. BTC is king.
I think after a few days, people will start buying A LOT of BTC and will put us on the road to recovery.
My thoughts exactly. YTD is extremely positive. Cryptocurrencies are on sale right now, get them while they're hot!
I think market will be worse in october and november so I think everyone should cash out their coins not to be broken in winter. If you have also enough cash then no problem.
Many decentralized exchange project come in Q4 in 2017 thats will make altcoins less dependent from Bitcoin drops and will stabilize cryptomarket in that matter. October is big for updates and announcment from other good projects.
When Bitcoin will fall it will be the problem of Bitcoin alone. Soon
I think market will be worse in october and november so I think everyone should cash out their coins not to be broken in winter. If you have also enough cash then no problem.
I hope so! This has set me waaaaay into the negative, I can't take many more hits 
You only lose if you sell. Don't be a newb. If you're worried about making fiat fast... then go to the stock market or rob a bank...
New chances for the ones who missed the first boat. Another boat is ready for the next destination and that's 200 billion market cap at least.
We could be heading to a long recovery, so it is up to you to manage your funds
I'm gonna keep holding and taking bites at some alts
I'm gonna keep holding and taking bites at some alts
New investment opportunities have little history, which just means it reacts more strongly to any information whether positive or negative.
If you want to dabble in such asset classes, large swings are to be expected. As long as it doesn't end in the crypto equivalent of bankruptcy, it's shouldn't be anything to worry about.
If you want to dabble in such asset classes, large swings are to be expected. As long as it doesn't end in the crypto equivalent of bankruptcy, it's shouldn't be anything to worry about.
Just don't do anything. Sit out the FUD 2 weeks and expect extraordinary green season.
Actually, it is funny, the whole JP Morgan thing is a joke. No matter what any financial guy says or tells you, it is probably the opposite or at least an angle to make money. That is how they work. You can only recognize his motives and make some money out of it. I bet they already bought BTC in the recent drop. Those panic sales are idiotic yet again, but good for people who are able to buy stuff. I am buying at least. People are sheep who freak out after the slightest news. And this guy is a wolf who makes money from idiots.
Actually, it is funny, the whole JP Morgan thing is a joke. No matter what any financial guy says or tells you, it is probably the opposite or at least an angle to make money. That is how they work. You can only recognize his motives and make some money out of it. I bet they already bought BTC in the recent drop. Those panic sales are idiotic yet again, but good for people who are able to buy stuff. I am buying at least. People are sheep who freak out after the slightest news. And this guy is a wolf who makes money from idiots.
I don't think that this is an eth related drop. I don't think that eth have this kind of influence on BTC, at least at the moment.
Yep, IMHO we will go down al least until 3600$; a retracement at this point is more than normal, if we are putting it in perspective.
It's hard to find the deep bottom.. in the negative scenario we could touch the 2200$
. Let's wait and see..
Buy some in this moment is a nice strategy
Really hope this "negative scenario" happens. I'll gladly sell everything with 50% loss for BTC. Yep, IMHO we will go down al least until 3600$; a retracement at this point is more than normal, if we are putting it in perspective.
It's hard to find the deep bottom.. in the negative scenario we could touch the 2200$
. Let's wait and see..Buy some in this moment is a nice strategy
This is an interesting project, but not very reliable in terms of long-term investments. I'll be investing, but not more than 1% of your Deposit, you cannot deviate from the money management)
I completely agree but price can reach around $3500 levels quickly. You can just look into market and there isnt huge buy pushing for bitcoin with cheap prices. So bears will pull the price some more time than just couple of days.
I don't think that this is an eth related drop. I don't think that eth have this kind of influence on BTC, at least at the moment.
Yep, IMHO we will go down al least until 3600$; a retracement at this point is more than normal, if we are putting it in perspective.
It's hard to find the deep bottom.. in the negative scenario we could touch the 2200$. Let's wait and see..
Buy some in this moment is a nice strategy
Yep, IMHO we will go down al least until 3600$; a retracement at this point is more than normal, if we are putting it in perspective.
It's hard to find the deep bottom.. in the negative scenario we could touch the 2200$
. Let's wait and see..Buy some in this moment is a nice strategy
I think it is more a Ethereum drop, it just drag the BTC and the BTC drags every other crypto in the scene, besides it is just funny to see how the people with less time in crypto get mad with the downs, even if they have bougth their bitcoins for 2000 or less
I think after a few days, people will start buying A LOT of BTC and will put us on the road to recovery.
Yes, don't worry about the dump this days.There is some rumors about chinese government and about JPMorgan.
Chines government : Bitcoin is worlwide and can rune whithout.
JPMorgan : LOL.
It's time to buy Bitcoins !
I still don't see a bloodbath or wich cryptocurrency do you mean? All established cryptos had a continuus up since beginning of the year, with a little break like now.
I hope so! This has set me waaaaay into the negative, I can't take many more hits
I think after a few days, people will start buying A LOT of BTC and will put us on the road to recovery.
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