So let me get this straight, people got involved in BTC without realizing attempts at regulation were almost inevitable... then panic sell at the first signs of trouble?
Wow, ETH getting hit hard.
I think the winners will be the ones that owed BTC, and the losers are the ones still owed
Who knows how much BTC was involved, wow what a mess. Its occurrences like this that tarnish the crypto industry and give regulators ammo, to some degree anyways.
I agree, and think the BCC news will slow down the recovery unfortunately.
guys... always the same movemente Look at chart, see history, the same. Always we have Dump -50% and in one month back +100% Pump We can see it January 2016, January 2017, July 2017, September 2017, November 2017. Look the chart. Dont panic, dont lost money, be smart, just hold and wait, big profit is coming. 2018 will be a BIG $ year to all Cryptos
There hasn't been a 50% or greater drop since the ATL. The "safety net" has been pierced, and we're likely to require a much longer period of consolidation before the resumption of the great bull. Hopefully we'll be looking at a year or less.
Check out Real-Crypto's channel on YT, he's had some pretty good analysis the past few weeks. He predicted we were about to enter a bear market and that it might last a year or two before growth begins again.
I’m eating a late lunch, sipping champagne & even I will admit this is fucking terrible. I won’t be able to retire for at least another two or three years at this rate.
Let me stress to all those panicking though - You haven’t lost anything if you don’t sell - 1 bitcoin is still 1 bitcoin. HODL & you will be greatly rewarded after the next halving.
Why HODL if you can sell and re-enter at a better price?
I’m eating a late lunch, sipping champagne & even I will admit this is fucking terrible. I won’t be able to retire for at least another two or three years at this rate.
Let me stress to all those panicking though - You haven’t lost anything if you don’t sell - 1 bitcoin is still 1 bitcoin. HODL & you will be greatly rewarded after the next halving.
Why HODL if you can sell and re-enter at a better price?
I tried that before and every time after i sold some, the price started rising.
HODL makes sense for small corrections, but something like this - should have gotten out yesterday and look for a place to re-enter. There's plenty of room for margin of error.
I’m eating a late lunch, sipping champagne & even I will admit this is fucking terrible. I won’t be able to retire for at least another two or three years at this rate.
Let me stress to all those panicking though - You haven’t lost anything if you don’t sell - 1 bitcoin is still 1 bitcoin. HODL & you will be greatly rewarded after the next halving.
Why HODL if you can sell and re-enter at a better price?
is there a platform where u can do that without verification ?
Ah, yeah if you're looking to have off the books stuff, then HODL is appropriate in that case. Though I would've probably considered selling some of the position.
I've just been a little annoyed by the hype heavy HODL youtubers lately, who are obviously sweating this morning but still telling everyone to HODL instead of covering their butts and playing it safe.
Volume is low, we'll go lower.
Yeah, not much momentum. We shall see though.
https://www.youtube.com/watch?v=EhVdx62yQFESome decent analysis going on. Good to entertain the possibilities.
This crash, er correction, er whatever it is really sets things up well for the rest of the year.
So many newbs, naysayers, and casual mom and pops out there who have been thinking about dipping a toe into Bitcoin definitely won't now. They'll have a laugh now and it will fade, and they will completely put Bitcoin out of their mind.
And then they will again be shocked when it takes off to the moon again later on this year or next. I almost feel bad for the people who just can't seem to win because they believe they are smarter than everyone else already involved.
I agree, think things look good in the long run but may enter a bear market for a while. There were far too many people blindly throwing money at cryptos, especially alts, for things to grow in a healthy manner.
The alt pump and dumps were a red flag just begging for regulation as well. If the market can't handle RUMORS of South Korea or maybe China regulating, just imagine how devastating actual confirmed news about US regulation or SEC investigations would be.
Far too many normies investing money they couldn't afford to lose that they would yank out of the market at the slightest sign of trouble, did not bode well.
How quickly cryptos went from being about "decentralization" to "I want my lambo" was not encouraging. Who cares if the system is decentralized if it's still run by greed. Forget about having crypto being assimilated into the normiesphere, this should be about creating an entirely new space all together.
feels like the bottom is in
if not, this a damn deceiving paint job whale
https://www.youtube.com/watch?v=EhVdx62yQFEMight be a good watch. Talks about a possible spike before another fall.
Not sure how credible their coverage is though.
I have not been impressed with the Reuters coverage so far. I can't believe people are being paid for some of the one sentence stuff they've been putting out.
Yeah, people are calling them out in the comments. At this point I have to think it's strategic FUD.
There already was a break above 12k.
Why only 4 comments? You'd think it would have more attention.
2 more days sideways and we´ll see a drop. Thats what happens most of the time when we go sideways after a dump :/
I don't think so
What do you base that on?
Do you guys think a government shutdown would be beneficial for the crypto markets right now?
2 more days sideways and we´ll see a drop. Thats what happens most of the time when we go sideways after a dump :/
I don't think so
What do you base that on?
Do you guys think a government shutdown would be beneficial for the crypto markets right now?
If you're referring to China ban that's an old story. S.Korea ban? Does BTC give a damn?
Nope, it doesn't and it won't. After all, countries like Switzerland are embracing cryptos with open arms. As much as I can understand why a government would want to regulate or outright ban cryptos, it's almost certainly the wrong move from just about every perspective.
I wasn't talking about government regulations, I was referring to the possibility of a temporary US Federal Gov. shutdown that has been in the news lately.
What do you base that on?
Do you guys think a government shutdown would be beneficial for the crypto markets right now?
what...on earth...would that non-event have to do with anything??
People lose more faith in the established system and gain a little more faith in crypto, a possibility.
Hey quick,
Someone wake up JJG so he can tell me again that there are no pre-planned, coordinated attacks on Bitcoin.
I've been wondering about this myself, seems like strategic FUD. Death by a 1000 cuts.
