Bitcoin Forum

Curious what you think.
I am down -17% again, since last highs 2 days ago.

this is starting to hurt, but not planning on selling when down.

so, what are the hopes for a few days from now? are we gonna crash another 20% or will we go up?

Depends if the $200-$210 support on ETH/USD holds.

From a long term scale, its looking like a huge bullflag on the weekly. And there is very little support all the way to $25 pretty much. Don't think we'll go that low but from a technical angle we might. Happened with BTC back in 2015, going to the mid 2013 highs.

Short term we are getting failed highs and newer lower lows. Hence looks like a bull-flag formation.

Also 70K new shorts entered on Poloniex from last week.

what coin did you mean ?
i think you didn't mentioned any coin in your post above

I'm down a lot on some Dash I bought, but I'm not sweating it.  No one should invest any more than they can lose, and I'm prepared to lose everything.  Hold steady and I'm sure we'll recover in a week or two.  If not, it's been a damn fun ride, no?

Do I think this is the bottom?  Probably not, but we're close.  A lot of money came pouring into crypto, and it has yet to leave.

I am just smiling your question. A lot of people coming this ecosystem will lose a lot of money. If it is bottom you are so lucky

unlike the first correction, there was a strong reason for the market to bounce back hard - it was a fake news. This time's correction is worse, there is no reason for the market to bounce back, ppl sell off because they actually see the disadvantages of ETH and they will never look back. So we hope to see sideway actions or even lower 200 USD bottom.

Better to keep holding since we all knew how crypto works its still possible to gown evenmore but if you are a long term holder for sure it will bounce back and it will comeback much stronger and much profitable.

like what good coin for buy now?

Tether

The rise of altcoin  depends on the rise of the bitcoin
bitcoin Will rise to 2700 again??

let's suppose yes, then it's just a 10% rise, not worth to venture at this time.

i think Whatever the case, Even though btc rise ;eth can drop to 150 usd
Sometimes they separate ( btc and eth)This is what we fear

https://static.carthrottle.com/workspace/uploads/comments/image-54724da7b0ca4.jpg

The bleeding has just begun, and the bottom is nowhere close to near.

We will keep falling deeper and deeper. Falling until all noobs lose hope, hate themselves, and panic sell everything they bought.

The cryptocurrencies that gained market capitalization just because inexperienced cryptocurrency investors were throwing money at everything will practically die.

Like a phoenix arising from its ashes, the cryptocurrencies that gained market capitalization based on of the merits of their technology (or realistically achievable and perceivably valuable road map) will rebuild their market capitalization slowly over time.

Then we will do this all over again in a few years.  8)  ;D

Sell when the triangle breaks down, buy when it breaks up.

If this is a bottom we will all be rich really soon. I personally doubt tripled prices from few months ago can be a bottom.

I think we will see the recover of the crypto price. I mean the rebound will be happened in short time that means you will take a big risk to sell your coin when the price gets rekt. Be patience and that will go up as soon as possible.

Agree. First reasonable post here in a Long time. There will be no mass inflow of new money anytime soon. The hype settled so downtrend continues, at best flatline with some pump and dump fluctuations. The ICO devs have their guaranteed income for the coming years so they can freely continue their hipster lifestyle giving the PR guys a piece of crap every once in a while  to reformulate which serves as food for the fish. In the end nothing will come out of these companies other than a lot of  reformulated crap and a lot of Long hipster pulled pork  bbq nights for the owners and devs that end in a hangover. All these evenings filled with, in the end unrealised, faifytail quasi philisophical cryptocrap blockchain service product development talk. The fish will stay behind, only recognizing Madoff 2.0 some time later. We're getting screwed atm BIG TIME

yup, although alot of people on this forum already warned for this and also the experienced traders on youtube warned LEARN TO TAKE YOUR PROFITS, the last couple dumps we also went quickly back up. we have seen 4x the top (115cap) and right now we are slowly going down. there is 0 indication that we will go up right now. so the real question is.... what will be the real bottom. according to the theories we should see 20-30. although a lot of people keep there hopes up for a 60 cap.

so after all the crazy stories of people becomming millionair.... lets hear the opposite side of things now.(seriously hope for people they didnt gamble with all the savings they had!

This is just a phase, BTC will go down more and panic will influence altcoins, i can see an logic in this. We are already on the top and prices cannot go up further more, so there must be correction at an lower level.
This positive trend will be back very soon. Why not? It the way for making money. Let's be honest!
I doubt BTC can go to 1k again, buy support is very strong under 2k, but with an bad news evrithing is posible.

-%17 is nothing when it comes to cryptocurrencies.
Don't ever plan to sell if its just market movement (not hack or something). Bear will always follow bull.

1.    In the past several ICOs, People see the disadvantage of ETH, and find ETH not really they want. ETH do not have the ability to handle mass usage. People expect something new to replace it.
2.    It is also because the ICOs. The teams crowd sale through ETH need to cash out.

When the tumbleweed rolls by, shorts will begin to cry.  ;)

This is definitely not the bottom, we are in a bear market right now, especially for the months of July and August, in my opinion

Fall 2017 (September to December) is when the market will start rising again, in my opinion, and in Winter 2017 is when we will re-enter a bull market.

You are referring to Bancor and Monaco, amount of money collected is very nice and price didn't skyrocket but this is different this is price suppression. Other thing important BTC is on the crossroad, many whales are in $..So this don't need to be ETH fault.
There is not going to be a CRASH, small price corrections are normal becase BTC is 3 times higher than he was couple of months before, but this doesn't mean it will roll back. For me this is not important will it be in september or may, i'm enjoying rides.

The network congestion was ETH's fault for sure and was the likely reason for the recent crash/correction. I don't think there will be a complete bear market though.

absolutly not,
beware and beready for another big dump before retracing back.
it's a good sign imo because after long bull run,there will be a bear.