Topic: Will this outrageous downfall of crypto continue? (Read 249 times)

I'd really like to get the 'oldtimers' take on current events to put it all into perspective. Deep down I think it will soon get back to normal. Perhaps a dip or two more, but what do I know...

And it was a green day and I did make a little money off it. I am just glad the constant bloodbath is over for a moment...at least we can catch our breath and relax, if only for the day heh. I wasn't sure when the madness was going to end, but I am sure glad it looks like the worst is over for now.

Crazy profits is the reason why cryptos have been in red for a while. 5-6 months ago, I read somewhere that a train with uncontrolled speed surely doesn't meet good fate. Same has happened with cryptos. Cryptos grew too much in too short time and when the bull stopped running due to various reasons, weaklings were clawed down by the bear. Until we understand that cryptocurrencies is not your quick rich scheme, we will keep failing, keep falling down. Law of economics is same everywhere, be it fiat or cryptos. Artificial demand doesn't prevail for long. So I guess the best thing to do is let cryptos grow naturally over the course of time, rather than put RANDOM HIGH TARGETS, like $50K by the end of 2018!!!
#letsbereasonable

No, this is not the end of everything. Everything will start to improve again, do not be too negative thinking for the current price, before the price drops to zero then it is still possible to rise. Be patient and do not panic too much.

The last train is departing, invest now and become richer.


Killing yourself because of the bunch of digital money? 

It will not last long there is no need to panic, this is due to the latest news from China that prohibits all bitcoin exchanges ,and if not wrong result of meeting SEC and CFTC get positive response so this is good news, You can see the market is recovering now, They only regret the Scam ICO.
Just hold and good luck! Btw sorry for my bad english and thanks!

It will not continue, all these challenges are just mere threats from government agencies of different countries. This will soon be over and crypto will bounce back.

Excuse me, but you have to be brutally retarded to buy new GPU's at enormous prices considering the state of the cryptocurrency. Noone (none mentally disabled) should be thinking of paying hardware that you´ll not even ROI.

But the first thing that it suprised me the most when i read this post, is that noone is blaming the goverments or the banks for making it difficult for the cryptocurrency. So.....do we have to accept that this was to happen and not blame who has actually lead to this disaster??? i simply can't believe how people accept the result of this just by accepting that everyone should have had this idea when you put a single dollar into this.

So China is not to be blamed?? nor the biggest banks?? Is this a result of the market? OR IS IT THAT THE CRYPTOCURRENCY MARKET IS BEING TAKEN DOWN BY BANKS AND GOVERMENTS BECAUSE OF THEIR OWN INTEREST??

BTW, this has shown two of the biggest and most importants things that we are seeing nowadays.

1º Banks have seen that the more money goes to cryptocurrency, the less money they have to win money gambling with it, and if something goes wrong, no worries, the state will pay for it. So banks are trying to make it difficult for you to get the money out of the system. Just for their own interest. they are even banning people from using their own money in crypto. You can get whatever you want with a credit card, but not crypto (since the money goes absolutely out of control of the banks and they don't want this to happen).

2º The countries, and specially those mofos that are actually ruling our lives want you to pay taxes. The more money is put in crypto, the less they get in taxes since the money also goes away from the control of the Goverment.
Countries have seen that cryptocurrency is a big hole to hide money from this goverments that live at the expense of your pocket, and that they cannot live without putting their hand in your pocket.

So....to sum up, the system against the new system. All against the cryptocurrency. considering this, it's a moral MUST to evade taxes.

It will stop on 7 of February, and after Chinies New Year all alts will raise, only wait and be strong and all will be good.

Yes it is really disappointing to see the market situation at the moment but we have seen such situation in the past and market has came back stronger many times in the past.

Seeing how much was gained in such a short time (last few months), why is it so surprising to see a similar downtrend... I guess the series of bad news last few weeks made it even worse. It'll bounce back 

It may look like crypto downfall has started but i don't look it that way,Things we back to normal soon, everyday is not festival

Im with this dude, we all invested in quality project and highly trusted coins so why panic? even though bitcoin and other cryptocurrency crashed that much it can be pump greater too, I really think that this time will a good way to buy many cheap coins for short term trading since i know that it wont continue to drop and eventually it will be a green day for us.

It hurts us all the only way to protect yourself is by getting out of all your bags that is how you can save some $$$. Other than that you can't stop the downtrend these things are going to happen, the best thing you can do is manage your risk well.

Yes you can still get some income while you are waiting for the market to recover,like what you are doing BOUNTY hunting and joining ICOs would be profitable even if the market is suffering from a bloodbath,bounty campaign is my new hobby when the market bleeds this is where i put most of the time when im very depressed to my portfolio,and it really helps me not to think what is the status of my holdings.

I thought newbie posted this one.
Yes there is. Have you tried mining lately? or at all? Proof of stake is still bringing a solid income.
Lending if you wish (not Bitconnect and other scam lending projects).
Prices are down, but people are still fighting for cards and mining rigs.

well, It will fall a little bit more and rise again IMHO.

Nope suck it up. You've invested in cryptocurrency, what did you expect, that everything would just keep going up? This isn't the first time prices have crashed and it won't be the last. If you've invested in quality projects you should be ok in the long run.

It is shocking and the way it is going there is no come back, maybe the end of everything.

To be honest I can't even imagine feeling of people who invested credit money in crypto. I guess the level of suicides is increased a lot...
What about income... an experienced trader can earn the money even when the market falls. For example today is a great day to cash in for a short term, because tomorrow will likely be a green day.