Bitcoin Forum

Hey,

not gonna lie that I'm also bleeding from this but we had a similar / even worse crash just 30 days ago.
Just look at the percentages.

- 27.05. same crash
- 15.06 almost like that

https://image.ibb.co/j4fHiQ/Unbenannt.png

This is still normal. Fundamentally nothing really changed.
Everyone already knew back then that we have technical issues with BTC and ETH.

However, if we're still a sinking ship in 2 days we might be in some deeper trouble.

IMO, this correction should get over sometime this week. Another good opportunity to add to positions.

It's generally a good thing btc it helps on the mid term.

I feel we touched the bottom.
China will be awake soon, and we will see what they do.i believe that more CNY will flood in to enter at good rate on some alts. Hence, the market should rise again.

Maybe a 5-10% short term recovery to be expected on this -20% bloodbath

I haven't been around long but a drop like this seems like a huge opportunity to get into some coins with long term visions that have a shot of rebounding back in a big way.

I don't see how the principles or tech goes away just because the market has a hiccup and everybody panic sells. Unless something legally happens, Bitcoin runs the gambit, or quantum computing destroys the market I think the market will correct. Sucks that it may not happen as fast as we would like but who knows.

Yes, you are correct. We have a similar crash twice in the past month and one in June. And its very short lived indeed. But what I'm worried about this crash is that more and more investors are really seeing Aug 1 uncertain. They don't know what will happen to the bitcoin market after that date. So they are somewhat pulling back in terms of investing their money right now and maybe they are now selling chunks of their accumulated bitcoin. I hope I'm wrong.

In a weird way I do find it reassuring whenever we have these dips. If prices were going up and up and up without ever coming back down I'd be panicking. Smaller falls every few weeks/months are fine. It's like periodically letting air out of an overinflated tyre. Much better that than pumping until the whole thing bursts.

What is expected? 1 August??

I don't get why people keep talking about august 1st. Isn't it clear that BIP148 / UASF will not create any forks? soft or otherwise. Why is people still panicking around this date? this is retarded. Looks like people have a delay in understanding concepts. Hopefully by near august 1st people realize it's fucking nothing.

If you want to worry then worry in October when the hardfork to 2MB mess thing begins.

We are going back up rapidly.   :o

I agree with that. When the price drop another 5%, I will start buying.

Just saying, Sia is pretty dang low. One of the most promising coins of this year and 2018.

It's a good time to buy. Take your pick of the coins you like. Pretty much everything is at a discount now.

Don't forget to pick up some antshares and via

I wish I had spare, but I've made my shopping 5 hours ago lol, bought some big ones (eth/ans/nxt/xem) and grid.

We are going to see major corrections in the following days.

I wont be surprise if market cap will get beyond $120B.

congrats with ur purchases. I hope you are right with your speculations. what makes you feel this way though?

Yep, got some ANS :)

Pattern. it happen 2 times in the past 2 months ;)

those who understand and believing this system will keep buying instead of selling and avoid some loss i'm sure its not over yet with this current position
there's still chances that it will fall more or support will show up and hype the value but all in all I will still hold and wait for its comeback.

Im gonna say we are gonna drop to $85B market cap minimum before see any reversal.

Yup I picked myself up some discounted ANS whoop whoop! Talking about ANS does anyone know why it rallys up until 4:30PM Eastern Time and then drops sicks fast. Been like that for quite a few days in a row now..

keep 0.1-0.5btc or as much as you can wait for crash, buy good coins, sell them on ath, wait for next crash, repeat

get rich

Yeah ANS gonna boom fast. it will be $xxx this year I'm sure.
It is now China national crypto coin.

It is really difficult to take any decision now,lets see how the market goes,ETH is having some deep problems accommodating all the tokens and i expected this to happen at a later time,but the killer crash might have burned a lot of people who did a stop loss positions and i hope it will recover in a short time.

USDT is dropping. People are getting back in with their reserves.

The May dip (25th->27th) lasted 3 days.
This dip now lasted about 3 days.


We might be back but if we drop once more shit gets real ugly.
I'm still cautious.

What is that USDT thing? I don't get it.

Is that an actual coin? what is the point, becuse I can clearly it gives an indication..

How will you predict market crashes smart boy? You wrote it like it's very easy, but it's not as we all know. Tons of people losing their capital when they try to do this in exchanges.

you don't need to predict it, you just need to keep some bitcoins and buy when the market crashes
I was following the crypto for about a year but just got into trading it about 2 month ago and have made my 0.5 bitcoin into 4.5 by buying when everything is going down and selling when they get back up!
this almost happens every 2 week, sometimes harder like today and some other times just a bunch of coins dive!
I made 0.5 bitcoin today and the market is not completely recovered yet!  ::)

and yess I have some regrets for selling some coins like ANS with x2 profit instead of x5 when it was going up from 2$ to 10$ but overall I am happy with the profit.

I agree, we had the same similar crash few months ago so that only means it will only rise back up again soon. I don't think we should be scared if ever the price goes down, surely it'll find its way back up and I do hope investors won't get discouraged when the prices go up and down.

It's hard to identify this as a short term dip when more and more money is coming out of the crypto economy as a whole. The previous one had several currencies going up but this specific one wasn't followed up by such events as the entire bear market went bearish.

This could be only a little correction. During the last dip I bought some btc and I had profit, now it would dip further.
Let's wait and see ;)

It seems that Europeans and Americans REALLLLY love to give theiir money to China.

C'mon, look at the patterns and the time zones!!!

Are we that stupid?!?!

What you mean by this,do you think that people who are selling off their coins at a loss,majority of the investment must have come from big fund houses and they know what they are doing and they could recoup the losses pretty fast even if there is some losses now.

Big houses, i don't know. They do what they do. But in general, when you are in such a big corporation, I think that you prefer to see your assets grow steadily by 5% rather than making 10% Buy=Sell profit on an overall -20% market. Finance prefer stability, or at least controlled stability (Brexit: we all knew the Sterling would drop = made a lot of cash w/ futures)

My point is:  I believe there is a significant part of small investors freaking out, or losing control on their stop-loss triggers.
What I see it hem selling high until the sun comes down in Europe and Easter USA, and what I see is the market recovering somehow 6-7hours later, when the sun rises there.
China is the biggest CryptoMarket in the world in terms of users, and probably in terms of market capitalization.

I see an uncontrolled bear run on the Occident, and a massive value transfer to Asia. I see we (US + Europe, posting now) are idiots.

Yes we have dips like this during last month and in May. Those dips are like 3 days only and very short lived. The price climb to $2700 quick. But I feel different with this dip right now. I know that the price can rebound, but I'm feeling that dip this dip will like extend for days unlike the one we see in May and in early June. I hope I'm wrong.

I think you are right.

We will get a nice -15% correction that will last longer than 3 days for sure.
It's for good.

no its not similiar with 30days ago, now we face a flash crash on eth, but in the end of year all coin still goes up, it will goes down for 1-2 month from now..

some volumes are already up.

My portfolio is very diversified and balanced --> it sort of acts like a DJ or SNP500 index for me to track the market evolution.
I can so some basic chart analysis (which DO NOT generally work well for single coins [too volatile]... but work better on balanced portfolios)

Right now, it oscillates between 13.6 and 14.05 btc now. With strong resistances a 13.52 and 14.24 (and a minor one at 13.95)
So far, each time it touched 13.6, it raised to 14 and went back.
It is a 13.97 now, and some exchanges buying volumes are up. Maybe the 13.99 will be passed.
If so, we are en route to 14.2. If the 13.5 is broken, I can risk hitting 11 BTC.
Historical high is at 16.1 BTC on the 23rd of June (for the record). The current drop level is therefore 2 BTC, which is 12.5%.


Put that in base100 and check if you see the same patterns on yours.


Btw, do you know if it exists some composite indicator for cryptos ? Like the ones we see on the stock exchange.

Let's say:
- Top20 Marketcaps
- Top 20 without BTC
- Top 5 BTC marketcaps
- Top 5 ETH marketcaps
- Top20-50 Marketcaps

THat would be usefull so "see" things happening. (and it would be worth creating such "contracts" positions for investors who want a diversified portfolio without the hassle of doing stock picking)

Reality struck the crypto markets. Welcome to the new normal.  No more hype no more boom. Anemic growth

it is a healthy pause.

give it 3 months now.

Looking at various Crypto charts, this correction seems closer to  end than beginning.
Holding all my positions.

Buy orders are back

The correction is still not as severe as the may correction. We are still a few % off.
However, it starts to feel a bit different.

Option 1: ICO's may allow markets to recover and will go for additional big sells within the next days (they kind of have to).
Option 2: Maybe they're already done, which will mean rising prices.
Option 3: This is fear regarding the 1st of August.
Option 4: Some news we do not know but others do.

Which coins to collect right now? The ones that dumped most or couldn't take off because of the bearish market:
- LBRY
- Patientory
- Edgeless
- Iconomi

Yeah i wonder if i am.

What do you think of lbry? Is it a good time to get it ??? ???

Are the weak hands ready for some FOMO?

Only one thing:
Hunt more ETH.

Ethereum is recovering very well or is it just a dead cat bounce? If you were lucky/smart, you could gather a nice bag of ETH around $210+-.
Or is it still worth to hunt for more ETH at the rate of 286 dollar atm?

That's what I did. I did some shopping for ETH/SNT/SC and few more.

%%% greens :)

Hi, I also always ask what makes a lot of people waiting for August. If you know Please explain to me ;)

There is a possibility that the bitcoin will fork into several coins.

We need more time to go back , it's a very different situation this time .But i am not worried, I just wait it in patient, never sell panic .