Bitcoin Forum

Now is the time to buy the dip and fill yer bags.

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.

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.

It's a really good time to buy up crypto but it's not really a bloodbath though consider that BTC, ETH, LTC and a lot of other cryptos are still higher now than it was a month ago.

for sure! most of the people holding crypto are panicking and selling their crypto, as if these kinds of dips hasn't happened in the past. Don't they know the holy term "HODL"?  ;D ;D

One thing's for sure, everyone shouldn't be bothered by this. why? More chances on grabbing cheap crypto!

yes i think its the right time to fill our bags with bitcoin and altcoin, but for bitcoin, i think we need more time to see the price is reach the bottom then we can buy bitcoin with cheap price. its sadly to see that in the market, especially in polo, almost altcoin has red flag and the price is down and not just altcoin is down, but bitcoin price is down too. be patience if we want to decide to buy bitcoin because i think the price will down again. HODL is a holy word that we can do while we see the price is going to down like now and we don't need to gets panic like other people.

This was meant to happen. We've had a massive influx of newcomers recently, and newcomers expect easy gains, so at the slightest drop they would panic sell. Now it's a great time to take advantage of the panic selling newbies and buy some dips. Most newbies haven't realized yet that nothing will happen in august 1st anymore.

Awesome.. time to back up that truck

Agreed, this is the right time to buy back as much possible, because when the price pumping gets initiated we won't be getting such low value with which we can make a buying. Mostly when the fluctuations move forward we may cross the $3000 line in a short time period.

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.

Right now the hodlers and not outweighing the sellars but I'm still buying.

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.

http://i68.tinypic.com/2e6aq1c.png

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

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".

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.

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

Thanks for selling, easy money for me

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.

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 !

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.

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.

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.

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.

The one who are suggesting others to dump their holding during large dumps like this can't be a long term bitcoin holder.  ;)

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.

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.

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.

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.

Where do we buy now that Coinbase is down? Only been using coinbase and mining till now.

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!

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.

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?

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.

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.

$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.

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  ;D

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.

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.

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.  ;D

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.

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.

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

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.

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.   :D

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.

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.

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
 

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 ;)

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.

Because crypto is going to be huge, the best investment policy is putting in cash every several weeks and hodling forever.

don't generalize. bitcoin is the only one that has proven to stay strong over the years and altcoins also have proven that they fail at every turn. whether it is price or it is a proper network.
so if you want to "put cash in" then do it in what matters not useless junk that are around today and may disappear the next.

Its not actually a bloodbath because 10-20% decrease on the amount of bitcoin is just really a normal thing on this ecosystem and price corrections do really happen on it since we do know that bitcoins price is too volatile but yet this is the best time to buy more cheap bitcoins because later on it will climb up again and with that we can really make proits out of that movement.

He's right about the mania. Every other post in this thread is about how great of a time it is to buy because the price is dropping and everyone posting sentiment like that believes it is garaunteed to go back up. Nothing could be further from the truth. Nothing is garaunteed about price,  and ultimately you could make money if you buy now, but if you're doing so because you think you're guaranteed to make profit, you're just a lucky idiot.

That is not really the issue at all, bitcoin lost some value, the issue is that almost every crypto has lost a great deal of value in a very short amount of time, in fact bitcoin is doing way better than most altcoins and that is not a surprise since altcoin are more volatile.

Bitcoin is going to skyrocket after the fork, while Ethereum is going to vanish from the scene. What happened to Litecoin in 2015/16 will happen to Ethereum now. The ETH exchange rates were artificially inflated by removing a large part of the coins from free-float. With the prices crashing now, the ETH developers will start dumping their coins, which is going to accelerate the decline.

Well, as they always said, in every crisis there is always an opportunity...an opportunity to start anew, an opportunity to make some money and an opportunity to learn big lessons in life.

The current dip is not the first nor will it be the last. This is the opportune time to beef up one's chest of coins and hopefully make big money when Bitcoin can be back towards the growth track and that is definitely coming soon in a few days only. We already know the history of Bitcoin (and other coins for that matter) and how it can behave.

There would be a barrage of good news coming for Bitcoin and after August One the sky would be so clear so that Bitcoin can be ready to soar again to new heights never been seen before. Unprecedented growth is coming to Bitcoin because India has already recognized Bitcoin and this is a very big market for cryptocurrency.

LOL. I thought ETH developer are now trying to be active again. But yeah, I think ETH will fall really hard now. I think they are artificially inflated and because of those ICO's that offer ETH as options to invest. Investors are trying to get out of ETH now, before they are trap and lost their money.

The price will probably go lower but you are correct, we should start buying soon. We're probably starting a correction and we could get some Bitcoins and altcoins cheaply.

that may be, but the main reason is because of the ICOs and the fact that people were forced to use ether to buy them and nothing else so they kept buying ether to invest in these ICOs and price went up.
but these tokens didn't vanish they are all in the pockets of ICO devs and these devs will want to cash it out soon and when they do the price crashes.

I also thinks that we should buy the Bitcoin and also other coins like ETH dash because there are arise a big down rate in the current days and as we all knows that the price will speedly rise once again after the system solution of technical problems .
So here we should don't loose this opportunity.
If I can tell my profit then ofcourse I made 0.1btc profit with the eth in less then24 hours , because I bought the ETH at rate 0.095 btc and then this morning sold at high 0.11+ btc of value 1 btc 8)
And made a big profit in my life with ETH .
So my suggestion for everyone that don't loose any type of the opportunity this pump and dump in the price of the Bitcoin and other coin .

I do think that there is probably going to be another additional dump, even though that people think it's already bottomed out. Bitcoin prices are currenly way too crazy to be sustainable, even with the current prices after the adjustment from $2900. Though I do think that the floor is set in stone at $2000, even if it crashes hard, there is no chance that bitcoin is going to go down as low as sub-2000. It's just not possible right now, there are so many people wanting to buy bitcoin for cheap.

To be honest though, if the UASF goes well and the fees are lowered somewhat from the current situation, bitcoin is probably going to sustain this $2500+ price level. After all, there are a lot of long term holders already, and there are only so many bitcoins that are in circulation. Everyone wants to get their hands on one, and there are only so many that people are willing to sell.

It's probably not over yet.

I would say that the market will always over adjust, and right now it has adjusted, though still probably not quite enough. i wouldn't be surprised if bitcoin were to go down to a level that is say, $1800,$1900. Something along the lines of that.

When it does happen, as you said it'll be a great opportunity to buy in.

Always go against crowd sentiment.

I was only talking about BTC. And I was margin shorting. I made a nice profit when 2000€ was hit.

I'm not into alts though, I don't believe in them.

I feel there shall be further dip as we head to the august 1st Count down, I am expecting it to go below 2k and then bounce back to 2.5k so I would suggest to hold back your buying spree and buy when it breaks 2k. Though it's seems like it has formed some kind of resistance I feel it will yet fall, so let's see what happens if it falls or It doesn't in any scenario, I don't think right now is good call for buying, wait and watch.

Maybe it'll go down, nobody can really tell.

Bitcoin is simply way too volatile for anyone to predict what's going to happen. For example, there were a lot of people who were doubting that bitcoin will even break the $1000 level last year, and they accused bitcoin of being a speculative bubble in the mania stage when it was at $1300. Now though, everyone thinks that if bitcoin was at $1000, it would be extremely undervalued.

Yeah, if people think that bitcoin is going up and up, it's probably in its mania stage. However, there is nothing like this. A lot of people do think that bitcoin is going to crash, others believe that the price is just hanging around the $2500 mark. If you don't feel comfortable investing in bitcoin at this stage, then don't. Wait for an adjustment after 1st August.

when buying bitcoin in dips you should never wait for a drastic low price, instead you should buy bitcoin is steps.
for example after a major dip happened and 1-2 days went by with drops it is a good sign to buy in. but only invest a percentage of what you want to invest then if price went lower buy more and if it went higher you can still be happy that you bought at least something cheaper.

in any case waiting for low prices of $1800, $1000, ... is never gonna pay out.

True, there is indeed a bloodbath happening right now.

If you look on the coinmarketcap front page you can see that most of the coins are down at least 5% today. Ethereum went down by 11%, which isn't surprising in my opinion at all.

It's interesting though that when bitcoin does nosedive, other altcoins are affected even more than bitcoin itself. This is demonstrated through the fact that the bitcoin dominance index has gone up even though bitcoin has went down. I actually do not think that bitcoin will go down below $2300. We might see something like another $100 price drop but thats probably going to be it. When it goes down to $2300 or less, people will be rushing to buy in, which means that coin price is going to go up. Furthermore, when the ETH craze dies down, bitcoin price is probably going to be positively affected.

It seems to me as if this dump s slowing down a bit, I think it s close to its end. I don't think we ll go below $2200 BTC. This is a scary period for newbies, I can bet they really feel uncomfortable seeing all those red candles.

Let me reassure you, we ve seen this before. After dump, there is always pump. Just hold and wait.

don't fool yourself. if you have plans to buy ETH its now. don't wait for it to die like how LTC did few years ago or you will wait forever. ETHER network had been the most successful in the entire crypto. none of the network ever did it before even the older once that existed before ETH had been struggling. ETH is here to stay.

i'd assume we're old enough to see BURST and NXT network which is populated by assets, how much are each of them up to now?

Yeah the price fall down really sharp almost every famous alt coin also falling down, the market now is in very bad shape, I know it's the time to buy and stock, but yesterday I bought ETH and this morning the price fall down again, but that don't really bother me because I know ETH is good to buy now, I can see a good thing from ETH in the future and I predict it is one of the coin that can become really valuable

Buy the dump and sell the pump  ;D Not the other way around  8)

https://i.ytimg.com/vi/nmtonuIpWF4/hqdefault.jpg

Nothing any of us weren't expecting. Once more, the opportunity for people with money to get in on a price they can stomach. I'd be really, really surprised if Bitcoin pushes back to 3,000 so soon again. Now to look at the alts that haven't followed suit.

I don't predict the death of ETH necessarily but I expect it to drop more, less than 100$ is very possible, I wouldn't put one penny in it at the moment, way too risky. This relatively slow crash can continue for days.

whenever bitcoin price drops it also takes all the altcoin prices down with it. and it is also a perfect timing too. the altcoins have all been in fake big bubbles which their burst was initiated by bitcoin's drop. you can kiss most of them goodbye for now because they will die.

That is the right to do even until now because the price of altcoins and bitcoin is now in a cheap price and sooner or later it will have a green percentage again so it means that you are really earning money again. It is always buying low and selling high and there is nothing can change that principle because that is the most effective way to earn money in investment or trading.

I agree with you that investing in ETH is worthless as ETH is a pure scam, you can see the recent comment of the vitalik developer who is it self not interested in buying his own coin and just wanted to diversify his income to fiat currency and real world projects. Then why should we buy his coin and make him rich like a fool.

a newbie here! i was pumped by this thread and it excites me a lot to push thru trading, but base on my own view, i think btc will fall to 2000 and  bounce back. iam still waiting for it to dump and ill buy it.

Anytime a currency loses about 30‰ of its value is a good speculative buy. But only buy with an amount that you are comfortable with as the next few weeks could prove to be a bumpy ride and a test on how the pricecis going to hold amid the issues with the hard fork. If the price also plummets at levels not seen in a year, be patient enough for it to recover and see lower prices as bargains waiting to be bought.

I have also noticed this. Whenever the BTC prices go down by 2% or 3%, the altcoin prices do down as much as 10% or 15%. For example, according to coinmarketcap, BTC is down by 4% during the last 24 hours. But during the same period, ETH is down by 12% and XRP is down by 9%. This shows the extreme dependence which these coins have on Bitcoin.

I expecting some more fall down for some altcoin not really bitcoin . I am having eye on ethereum to reach 100$ and litecoin atleast for 20$-25$  and waves around 1.5$-2.5$ then i will bag some of these currencies and hold for long term .

for ethereum i have my eye on $10 to get in and for litecoin i am already in. because LTC is one of those coins that have been resisting very well against the on going drop and price is still high. and lets not forget that it has SegWit already activated ;)
and the rest are just a big no.

...

Before today, I thought that the drop in Bitcoin prices (I only follow BTC as I am know little about Alts) might just be one of it's "little drops"
(up to a 10% decline).  

Now I am not so sure (well, I am NEVER sure of anything re BTC prices).  This might be the start of one of BTC's big swoons in prices, perhaps going down below (say) $1500.  Maybe it's just as well I have been unable to get any BTC here in Italy, I can wait and buy more BTC when I get home.

But, in the three + years I have been involved with BTC, a Buy & Hold has always worked given enough time.

That's quite a chance you're taking! Though I suppose even at $10 it would still be above its low of less than 7 months ago. Yeah, LTC is really good for its money, as you say, one of the few coins to have not followed BTC's rise and fall. That says a lot for its independent value.

Btc from now to August 1st is at the nervous stage. Many newbies don't have a clue. Experience buyers are holding because they have bought below $2000, $1500, $1000 and in no rush to sell. Some may be hedging their bets based on how one thinks what will happen on Aug 1st. If segwit plus 2mb is set in stone and successful, no devious backtracking by Core developers or any other charlatans groups/individuals, then i would expect Btc to be within $2800 to $3100 range after August 1st. For now the market price discovery is going to yo yo a bit until then.

@The One: I mostly agree - volatility will be high in the next weeks until the first act of the Segwit2x drama is "locked in". The pretty "bland" downmoves of the Bitcoin price gives me some hope that it - in the case of BTC - won't be too bloody, however - maybe even the $1850 low holds fine until mid-July, when I expect a new attack on $3000 after Segwit is locked in.

What surprises me is the hard crash of Ethereum. I had expected other altcoins like Ripple and Dash to crash much harder, but it's ETH that is really falling down like a rock. ;D

ETH - Jan 1st 2017 $698,149,000. Peaked at June 14th $36,761,600,000. Basically a rise of $36,063,451,000 because of ???

Are you really surprised? ETH going to fall much further once BTC get sorted and the "civil war" ends. Who is gonna use ETH? Couple of Geeks. Eth too complicated and messed up for an average person to understand, whereas BTC is easy to understand. Dash, Ripple bubbles is smaller, so less downside.

The big guns are scaring off the newbies and buying up all the "panic coins" ...... We see this happening over and over again. The speculators are

very nervous and they set their triggers when there are sudden drops in the price and the big whales knows this. The bots kick in and the panic

sell starts with a downward spiral and then the whales pick up the cheap coins. This is great for people like us, because we love all these cheap

coins. { The whales also knows what is going to happen after the 1st of Aug and they create this drop to pick up the last cheap coins, before

this thing goes to the Moon }  ;D

lol i dont trust eth anymore also that fricking coinbase scammer , yes buying btc on 2400 is great idea , now just looking for another pumping for gods sake its not reach 2600 yet and im waiting this moment like i wanna dump all my money to invest in better alts , hopefully we will see great news soon 

this is the right time not to panic but instead, be happy because you can buy lots of coins at cheap price. Buy now and wait till it pumps again and by that time, you will earn profit. you need patience in trading. maybe after the segwit2x has locked in, Bitcoin price will again stabilized.

I wouldn't cash in all my portfolio, that would be a mistake, but if any of you are in profit, sell off some and take some winnings, then leave the rest in, then when Bitcoin or alts drop even further, which I am sure they will over the month of July, just buy back in and grow the bags bigger I think.

Crypto bloodbath,Red days and other name when all leading altcoins.
Its normal on trading so don't panic you should always be patience because there's a red days and also green days what we do right noe is to hold our coins. be patience, and take coffee and watch your coins grow and low. 

I also believe it is. Buying now when the price is somewhat low is a great opportunity to people who would want to buy more Bitcoin. By buying at a smaller amount, if the price spiked high then a major profit is very likely. Buying in the dips is always a good strategy. And by holding your coins within the correct time span, you will surely gain much than you anticipated.

If you check the charts you'll see that Bitcoin has always jumped high, and dived after breaking ATH, but the dive has always ended above the starting point of the pump.
It's been going on for years. If it's another one of these moves we'll stop somewhere above $1200, and start going up again, but we could as well start going up from a higher level, like $2000 because the confidence in cryptocurrencies is rising.

Still not bloody enough, this correction is nothing so far. Waiting on the sidelines for this one.

You might miss out on some cheap coinage. Only a couple of days until Australia legalises Bitcoin.

I think we still have the final push before the dreaded Aug 1. Australia will be joining and I'm sure that there will be a positive impact on the price. Couple more days to go and we are going to be amaze again by bitcoin, its power to recover and bound back even greater. Just watch out for it.

Not days.. It's going to be weeks if you're waiting for SegWit. I'm very positive about Bitcoin going up again this year, but it may go down a lot if people who bought in the recent breakout start panicking. I think the total bottom from which we've started is right above $1000 and this is a very probable bottom if we repeat the 2013 pattern.

that is a genuinely insane figure when it's laid out like that.

all that money being thrown at something with that screwy a past just goes to show how nuts it all really is.

That is crazy, but aren't banks using Ethereum now? that's probably where all the money is coming from!

And it looks like the bloodbath is over, I think it was just a market correction (which is good) and now we are going to da moon  ;D ;D ;D

no. that's one of the pervasive myths that people like to use to pump.

no bank is ever gonna use an alt that's exposed to an open market, same goes for xrp, especially markets as rigged as the crypto ones. what are they gonna do, get on poloniex and buy buy buy if they need to complete someone's bank transfer if they ran out of ethereum? that's ridiculous.

they'll use the code and adapt it for their own purposes but try telling that to the pump zombies.

Yeah that would make more sense I guess.

But I do believe ethereum is just about to sky rocket, not trying to pump or anything, I am a simply a miner and don't hold.

My price predictions:
by end of June: €300+
by end of 2017: €1000+

:)

If you follow Coindesk you know that ETH has seen alot of institutional investment - it is unlikely to go back to $10

Feelings sometimes can fail you or may not but to be on a safe side, it is better to buy some now and watch to see if it comes down tomorrow to buy more. If you keep waiting for it to go down more, you may be surprised to wake up tomorrow to see the price higher than you can imagine. That is how volatile it can be.

institutional investment or interest?

i find it a little hard to believe that wall street professionals are on poloniex being trolled by the pumpers there while their secretary is noting down trollbox comments.

This is really totally crazy! So much shill about eth...

I agree banks loves manipulation and centralization so they won't use a token that is trading in an open market and being governed by non-bank people.  They may acquire the technology and modified it according to their likings and make it centralized.  So I guess people should stop dreaming that these ETH and XRP will be used by bank directly.

Never had so many people IRL asking me about Ethereum. They are all big Facebook users and seen Ethereum, Lisk and Ripple on Facebook feeds. "Did you miss out on Bitcoin" sorta headlines. So many new people coming into crypto and blindly buying anything in the hope it will 10x their money overnight. I was the same when I first started out, only till I got rekt a few times did I realise.

The fact that so many people are asking about crypto, with no financial or IT background is great, but also worrying as a lot of people are going to be losing a LOT of money.

i don't have any sympathy for such people. if they can't educate themselves then they shouldn't be playing with fire. there's enough history out there for people to read.

An exchange is not the only place to trade crypto. There are instruments on the stock market for trading..

the only options in a legit market sense are bitcoin ones like gbtc and the kncminer etn. there's off exchange buying of course but i'm 100% unconvinced there's institutional money involved in alt pumps. that's not what they do.

Don't spend what you can't afford to lose  ;D

Yeah right... ETH with a market cap of €90bn min.

Carry on pumping dreaming.

 0x67a748600f4be3502bd3bd2d0bd9fbce2b245422

As what i expected too when bitcoins price use to drop its normal and an effect for altcoins to falldown and have a bloodbath in the coinmarketcap,its good time for shopping good altcoins

What a lovely afternoon fellas!

...

Hmm, big price differences in BTC prices from sites that I follow:

ounce.me: $2579
blockchain.info: $2555
preev.com: $2488
kitco.com's tool: $2459

That's over $100 in price differences between the high and low.  Checked them all in the last two minutes.  YES, I know that kitco and ounce use averages.

My 099 doges from the day before yesterday is at 104 today. My general 2 dollars are at 2.18.
Poloniex prices.

I'm smiling.

During the past 3 months, I have seen posts from a lot of "experts" claiming that ETH is about to fall. But apart from temporary slides, ETH seems to be on the upswing against the Bitcoin. I just checked the Coinmarketcap website, and found that ETH has risen by around 30% during the last 24 hours.

I understand that you need to pay minimal attention to the conclusions of all these experts? The fact is that a large part of these conversations and forecasts are not being executed.

It's good time to buy bitcoins too. :) i don't miss opportunities like these, i buy BTC with whatever saved amounts i have. i keep on increasing my BTC holdings little by little.

Just because volatility is normal doesn't make the losses any less significant. A 20% loss of capital is a 20% loss of capital, whether something is fairly stable (like the USD) or very volatile (like BTC).  The only difference is whether you appropriately considered the likelihood of the' bloodbath.'

People who always go against the crowd sentiment end up getting destroyed by the market, since crowd sentiment is essentially what determines what is successful and what is not in capitalist markets. Every market is just the expression of crowd sentiment. The crowd gets irrational from time to time, which creates opportunity. But opperating on the assumption that the crowd is always wrong is a recipe for ruin.

I think that what he meant wasn't really crowd sentiment, but rather when everyone is pumping up the price of bitcoin etc., you should dump all of your coins, and when everyone is saying that bitcoin is trash, it has no future etc., then that's the time to be in some for holding.

Honestly you'd be surprised at how many stupid investors that are out there, and how many instances someone could have dumped their coins for a nice chunk of money but instead wanted to make more and got greedy.

I do think though that there's probably going to be another dump somewhere soon in the near future. How much it adjusts by, i'm not particularly sure but the pre-fork panic is going to affect the price of bitcoin negatively imo. Altcoins will be dragged down alongside btc, though some might actually get pumped as a hedge against btc(ripple, eth). It'll be a good time to buy at that stage.

Well today is another bad day for crypto.

Taking a look on coinmarketcap you can see all but less than 20 coins out of the total 100 on the front page is currently in the red. Though it's not really a bloodbath this time round, no major disappointments at least. Average loss was around just 3-5% per coin.

Is it a good idea to buy and baghold right now? I don't think so... I think that proceeding this current pump we'll see some crazy ass adjustments coming up, and altcoins are going to be the most affected, bitcoin will be somewhat affected too. I'd say wait another 6 months when everyone goes quiet, then it's the perfect time to buy in.

the altcoin pumps are starting to show themselves now. all the fake rises and all their bubbles are bursting and their prices fall hard.
now the effect it has on bitcoin is that most of the big profits that most altcoin investors gained from these pumps is being converted to fiat through bitcoin. they bought a small amount of bitcoin with fiat then joined some pump, some ICO and now have a lot more. some of them liquidate at least a part of it and that makes a sell pressure on bitcoin price.

Not every altcoins are pumped fake, very few are doing this. Those coins can be found easily, because this happens in a stable manner or else very rarely. Recently with one of the coin in my portfolio got pumping around 200%, but I expected more to take place by the consecutive days. Everything went as a dream now it is pumping 10-20%.

What kind of a coin is this, if not a secret? Recently I am interested in alternative coins and I want to buy some of them. But I understand that this is very risky, so I want to gather as much information as possible

The slightly bearish trend of the Bitcoin price in the last two days could have to do something with Craig Wright's rant yesterday? (https://bitcointalk.org/index.php?topic=1994932.20) He seems to have threatened to buy 20% of the hashrate to block Segwit2x.

I don't think he will succeed, but these kind of announcements injects more "insecurity" into the market.

Although, again, most altcoins fell much harder down than Bitcoin from yesterday to today. So it's maybe simply the already described effect of operations of the "Altcoin -> BTC -> Fiat" kind.

another bloodbath again brothers!