Bitcoin Forum

I actually start to feel good about it. Hope it weeds out all that dont care about crypto but were purely in it for monetary gains and didnt know one horseshit bout the tech or anything.

In hindsight i didnt liked the enourmous gains. It was surreal. I dont mind not having cashed out because i thought: and then what? Why are u in it? Because at this stage its nothin but a ponzi. I want to take gains when the blockchain bases companies are actually in operating, thriving.

From the start i wanted to take gains for when the masses get in, for use, not the masses that are speculating. Cause then its nothin more then another bitconnect ponzi. Lets face it. All these whales that are taking profits. I dont want to be one of them. They take ponzi money. From people that worked hard for their money. And now they lost it. Sure, panic sellers as well. But still i imagine lot of profit takers as well.

But other then that i rather have a little more stable growth and more people that love crypto. Even the useless eth token scammers contribute more to crypto then mindless investors.  

And i feel more normal again. I was gaining so much that, in hindsight, i was starting to lose myself a bit. Even my dreams and ambition.

i think it's healthy to see large fluctuations in the market. considering how new bitcoin is and that it still has a lot of development ahead of it before it reaches more people and becomes more widely accepted.

Yeah, Crash is good but not if it happens once in two days...

Cryptocurrency world should never be baffle about the fall of bitcoin,,  that's why we say Volatility,,, therefore, we should take it as the risk of the business. The crash isn't bad but hoping for the rising soonest.

so true. development needs to be done.
especially from transaction problems, starting from transaction speed and fee.
some people avoid taking bitcoin because they think the bitcoin cost is too high.
and this is what need bitcoin fix.
how to speed up transactions, without high fees.

The best thing about this crash is that it drove the last nail into the Ponzi coin Bitconnect's coffin.

Good riddance.

It is good for now, but how about those people who were in the FOMO train last year of December?, I just hope they didn't sell their bitcoin when it's declining in value.

I agree with your opinion, the crash is good for creating a healthier market. Aside from buying more coins with a low price, we can also convincing the new one in crypto to invest when the price is "affordable".
Always have strong mind and hand when entering crypto, Rome was not build in a night.

It's ridiculous how much panic has blown up out of nothing. On some of the Telegram groups I'm on people are saying it's the end of cryptos. Not likely IMHO. It's a good time to buy and get some deals. There are too many BIG projects running on cryptos and some progressive governments that want to make sure it stays intact, as they realize the potential benefits and taxes they can raise from it if they regulate and preserve the ecosystem. Stay strong my friends, and HODL.

I almost bet they did, there's a low chance that a lot of casual investors are going to be holding their Bitcoin and watching as the market collapses. Mostly because they're, as I said, casual investors and will never really have a chance at trading for real since they were able to get into cryptos due to the limited regulations surrounding the investment practices. Those who have been around Bitcoin for a long enough time will know that Bitcoin is prone to market movements like this, and will continue to hold (probably anyways), while everyone else sells.

Casuals selling probably also helped trigger this flash crash.

This is a new trading market so you can see how emotional so many first time investors are.  Anyone that has learned and participated in equity investing will have a calmer rationale.

It's a good correction, it's allowing new traders to get in at a lower buy point.  There's tons of money on the sides right now locked up in the long delays all the exchanges have been involved with.

I would say that the more posts that keeps going on about "Buy on the dip" only shows that many here are shitting themselves
and slot machine player are trying to reassure each other that paying $30 a pop to "Nice miners" just to write a few bits of data to a database we call
the block-chain is an excellent investment but that might get me in trouble.

Buy more, sell the house, now has never been a better time to buy, all the experts are doing it and
if prices go as low as $500 then sell the misses as well because when your a billionaire she will only
come begging for you to take her back

Amazing how these types of posts hang around for days on the front page but others that contain
substance get moved or only last five minutes don't you think

 

I agree with you and I would agree even more if I had sold my BTCs a few days ago, just like I had planned to do, to rebuy them cheaper tonight.

Well, I don't see and feel any negative about it since I enter this forum and begun to do research about it after a big rise a price down was normally happening of course when price pumps a lot of investors are getting their profit so the prise of bitcoin dumps again.

this hard price drop scares me. i want to invest in bitcoin, but the crash today shows me how instable the prize is. maybe it's a good crash for trader or something else, but new user of bitcoins have fear to lose money. i´m one of this people...  ::) ::)

The best moment to invest in bitcoin is AFTER a big crash of the price - certainly much better that BEFORE. Take care :)

yeah, buy the dip bs posts. I hope one day this niche matures soon.So i can be in a place where i imagined it to be: a free world.

maybe you're right, but after this hard crash i have really fear to lose my money. i think i still wait some hours to see if the price recover or drops. hope i one or two hours i have more trust again in the bitcoin price.  :P

Spoken like a true zealot

Did you even read the white paper?

Do you know what a Kolbitz curve is?

Neal Kolbitz NSA spook for over 50 years

Satoshi Nakomoto Japanese for Center of Intelligence or CIA

The white paper's P2P work was plagerized from an NSA paper years earlier about a theoretical P2P banking system

Let's see, fast and cheap transactions of low cost junk was the intent of the project in the paper

BTC is anything but that now

Let's see anonymous transactions, that's why every wallet address and every coin it has touched is known, when you exit any exchange has more ID on you than anyone else.

So drink the kookaid it was NSA fruit punch intended to trap morons that deal in drugs, guns and terrorism.

That's why this crash hit all crypto today.

It's all junk, but the good news is, the junk crypto will rebound to around 50K soon since humans are morons.

Now bow to the altar of the NSA you been had.

Actually it's not just good it's very, very good start for the year. This crash that happens to the crypto currency world is normal, this kind of scenario is always happening every year and not just one crash but multiple crashes a year and the next thing that will happen is the very huge pump and mooning of crypto's, for example it will crash for 30% to 40% and it will come back and rise to 100% and more than that. So no need to worry about the current situation of crypto's because it will rise and will shock everyone.  8)

I agree that there is a bright side to this market correction.  If it didn't happen now, it would happen later and hit even harder.  And every major correction in the past has been followed by a recovery and new all time high.  As long as you're invested in quality projects that you really believe in, everything will be fine.  Just ignore your Blockfolio for awhile. 

Bitcoin is dead, it will be replaced by smaller currencies, such as FastCoin and Kb3.

LOL you think BTC went to $19xxx because people believed in the tech?  Delusional.  Investors + bad actors behind the scenes manipulating the price are what caused it to go 20x in 2017.

The general public cant even divide 1 by 20 and you think in a few years they will be ready to purchase, use and secure their life savings in crypto?

don't get it what's ur issue with etherium, it a good coin with a good team I see no scam in it. I'm very long on etherium and btc and even ltc to an extent

I personally dont even call it a crash, maybe a huge sales. This is a good start for those who join now.

Newbies always regret not buying bitcoin or any other cryptocurrencies when they was cheaper. Now it's the best time to buy in lower price. Do not hesitate or miss this great opportunity.

There are some how good and bad points about this crash. Good for those who waits to buy bitcoin for a low price and also for traders but it’s bad for those who got FOMO when the price is really high hope they will still hold to thier investment and wait for it to rise again. But Im looking forward to much stable and stronger bitcoin after this crash.

Bitcoin price going down doesnt mean it is dead. It is a good thing for new Bitcoin users to have a chance in getting Bitcoin in a cheaper price. When it reach 10k USD i'll buy another Bitcoin to hold for years because i still believe on Bitcoin whatever the price is. Anyway the money that i am using to buy that Bitcoin came from my profit in Holding Bitcoin for a long term.

This is a good time to invest, not only in bitcoin, but also ICO. Bitcoin grown so fast in a such a small time, that ICO had the courage to take the opportunity and enter the market. Invest in bitcoin and the market will grow again.

I agree that people will think that bitcoin is less profitable particularly this time. Bitcoin for monetary reasons will be lessen. It just saddened me that early investors gained tok much that new adaptors lost what they have invested.
With the current price, many will be panicking and will probably withdraw now to cut off there losses.

On the other hand, I think many investors will be happy with the cheaper prices now.
But still, users will leave to cut their loss and investors will take over the major percentage in the market giving them the power to manipulate the prices.
In my opinion, I think one day soon, bitcoin will just be accessible to business investors. And other industrial purposes.
I think devs should see this now and promote it to stores as soon as possible so that users will not see bitcoin as a source of income.

The crash is good for those tho want to invest in bitcoin as of today. But it is devastating to those who invest in a higher price. So the best thing to do now is to keep calm and dont panic on this drop in order to gain something in you investment. This is also the best time to invest in crypto currency.

IF the price will resume growth relatively soon, THEN this little crash can be healthy - shaking off weak hands from the market.

Yes me too. You can take opportunity in it. Specially the most recent price drop of bitcoin, if I only did know that it did happen I would pour my money in it and wait for its price to climb again then start selling it.

Unfortunately I missed the big opportunity. It is really advisable to be always on track of the bitcoins price.

for some people who do not have bitcoin or they are too late to invest because the price is too expensive, so they hope bitcoin prices to fall, and they are happy. because they can buy bitcoin at a cheap price. and this is called good damage.

It really is good, after the price rised up to 20.000$ in december it had to crash because the price eas very high and there was a big mess on the whole market. Anyway the price always go down at the beginning of the year because at the end of the year it goes up.

It is a good moment to buy some coins and hold them until the end of the year because the price will surely go up in future. The price of bitcoin is low at 11.000$ and if we check that last year progress from January to Dcember we can see it went from 1000$ up to 20.000$. Of course I dont think it is going to happen the same thing now because that would mean bitcoin will reach 200.000$ wich is huge but still I think it has the potential to grow up to 50.000$ .

It seems like it was inevitable. The market was crazy going up hill super fast. It was bound to come back down to "normal" levels, right? before it goes back up again. As long as the overall trend for 2018 sees a nice gradual increase. We will be find. Just sucks for those of us like me who go into crypto three weeks ago. But my DeepOnion position is still up by a lot. I got in at a great price. But the rest of my coins are shot lol, and my overall porfolio is in the negative... :( lol but not worried. 

It is really a good way to start trading for newbie, or to start holding as an investment, buy more now, since all crypto were in red. It's really good to do shopping of coins.

As of now, I guess it is a good sign for newbies to join our world.
Not only for those, tho, it's also good for us as well. It feels like we're on black friday.
Where everything's so cheap. I mean like, the past few months the market went like crazy, no wonder that now is the time it will be back to its normal place.

Stay strong guys, everything will be okay in the end. I hope so.

Biggest correction after All Time High Party moment at december
Market Crash for Next ATH target, and i hope this :)
Just buy on dip, you can cut loss or average down if you want

This will weed out Scam Coins, and show us who the true players are. 

Keep in mind do not invest what you willing to lose.  #Bitconnect

I won't say it's good, but this crash would definitely help in filtering out immature people out of the cryptocurrency industry.
On the down-side such crashes would limit crypto industry reach, as people would refrain entering this industry because of high volatility.

good idea. I also want to buy bitcoin, but I do not have big capital. do i have to sell my house to buy bitcoin or i have to borrow it to the bank? please good advice.

lol, it will be a lot of new crypto players plunge into Bitcoin out, it's because their mentally  are not ready to accept this crash..  :D

If bitcoin was not sick and could normally perform its main function - the function of a payment facility, its transactions would not hang and would not cost so much, then I would say that a drop in the price would only benefit him, as he became already swell up like a financial bubble. However, now the situation with bitcoin is unpredictable. It is unlikely that the bad news from China and South Korea has affected the drop in price. The situation with the shortcomings of bitcoin has not been solved for too long. Well, wait and see what happens next.

paying 5 dolars for a transaction is not such a big deal it is the biggest and best coin, people usually use bitcoin for larger transactions studies have shown so a $5 or 10 is not a big deal

The crash would be good for the newbies or for those who want to start investing in Bitcoin or other cryptocurrency because of the low prices.  As for me, I am in a stress right now because I just invested 80k last week on a higher prices for Bitcoin and other coins.  I just hope that it would bounce back to the price when I bought it or more.  Congratulations to those who will invest on this low prices.

dont sell or you loose just hold!!

I must admit, I was a bit worried but then I read through this thread and began to feel better. It's nice to have these kinds of thread instead of all the negtaive FUD's around.

Yes I think crash is good to. for those person who has no investment when yet Because they can invest in a low price then of bitcoin goes up. they can have more profit. unlike those who alteady invest. They need to recover there loss first before earning money.

I agree with most of what you said except that "I don't mind not having cashed out". I do mind not having bitcoin'd out my gains at the right time. I do wish I had sold some of my shitcoins at ATH to get BTC. LOL.
Other than that, yes. When you really read about the history of this tech, the old posts on the forums, links of bitcoin with the cypherpunk movement and its insistence on decentralization and privacy, you realize that some really smart people have been working on this in a very principled sort of way.

Such history. Much wow.
I am sure a lot of greedy noobs would have got burnt. Loads of them will now leave and we can start going from the lambo discussions back to "why-my-tech-is-better-than-yours" discussions.

Huge bull runs are always bad for any market.This is a really good market correction to happen at this point.lots of same topic fuds causing the correction which makes weak hands leaving the Crypto market.You will see a good bull run again after this correction.

It's healthy for the market to have these corrections and truly show the floor of the market while setting the pace for future gains.

i think this crash is only good for big investors who have huge amount of money so they dont have to scare about the market drops, in contrast they can use this chance to buy so many coins with cheap price, if i have the money i will do that too, but with small investors their only hope is hold, hold until the market rises again.

current price is less risk compared when it was on 18 -19k$ level last month lot of newbies last month pour their hard earned money to bitcoin hoping for quick gain but it didn't happen after this shake out would be another ball  run for bitcoin

This crash is good only for poeples who wait this for making investments in crypto.
Nothing good for them who already in crypto, my balance decrease to 15%

Crash, to me, is an opportunity to buy cheap coins I believe in.

This huge pullback is indeed necessary of ther a long bull run. But this huge pullback also means that there will be another huge bull run ;D

This is where we are required to hodl in this unstable market, but I still believe that in the long run hodlers will succed

Yes, crash is good. Bitcoin is not just about going up. It should be balanced.

Thing is, if you want to sell off your investment, fine! I think all BTC faithful should look ahead to the price rise ahead and stop whining about the current price. These are just normal price fluctuation that happen on any market or industry.

I also think so, but not for everyone this crash is considered good. Earth is vast. In a country there must be a crypto user who is disappointed with this condition, not to mention there are people who are in need of money and they may rely on bitcoin for their financial problems, although they see now the price is down, they are forced to sell it.

Yeah .. who can take advantage of this incident they are a clever person.

The crash is not bad because it provide opportunity for new investors to come  in and it will also expands the usage of cryptocurrency. It is clear that many will be made millionier from this crash.

Dont think you are correct.
There were a lot of crashes in the Bitcoin over the time and in the end he always rise up.

Yup especially when it provides us the opportunity to buy bitcoin again at a much lesser price and what for the upcoming days where the value of bitcoin will slowly but surely will be on the rise again. Have faith guys and hold on because this is a long-term and very risky investments we are talking about me sure to play your strategies good.

So dips is here, grab in cheaper price. As always, It will start climbing again in the next day or two. Good time to buy right now a good many coins I have checked out. Reminder, Time to fill some bags!

I think that the lower price of bitcoin will make it possible to carry out long-planned reforms.
We are waiting for the implementation of segweet.

Yes and No. even if the bitcoin price jumps back up, investment duration lengthens because of this fall. this also takes its toll on those who bought high and have chickened out and for fear have sold. so that's it. but if you buy now that the prices are falling its good.

I think this kind of volatility is very good for the COINS market, and it can clean up some useless COINS because they are useless.

A correction yes it's the healthiest, but not a crash ...

This crash is perfect for bitcoin and other crypto currencies to stretch a little bit. They have been lurking at very high rates and market since very long time. Many of the people were in ambiguous situation that whether they should hold, buy or sell at that high rate. Now the things are right and condition is favourable for those who can buy because the rates are dropped dramatically.

I can see that this drop has driven negative impact on forum members but I believe that there is no need to have such panic attack!! It’s really good for investors and we know very well the year end brings goodies for us. ;-)

We need to accept all the possibilities. As what they've said. Expect the unexpected. Do not expect too much about the increase instead think of your future about the your bitcoin you are holding.

This deflation is good and its not a crash! i think the meaning of crash in the cryptomarket is irretrieveable or cannot recover the value: from stable to zero. So this is not a crash and justa deflation of bitcoin and don't panic its a good sign for another inflation. Investors sees it coming and prepare for this, Fluctuation isn't always about increasing and also has a decreasing moment that is why it is a variation.

Anybody else going to shopping? Hope BTC will reach 8k so that I'll buy more.

Yeh to me it was expected tbh the grow to 20k dollar was proof to me Bitcoin will actually reach 50K+ in the future.

I notice tho eveytime Bitcoin goes crazy up like last time to 1500$, someone tells me about it and then im back in to it again.

Few weeks later the market crashes and were back to the beginning :P

I imagine taking it 2-3 years maybe even after the next halvening before the price goes up crazy again.

I think so' especially for the players in the tradings. This is the right time for them to use there funds to buy potencial alt and hold and waiting the right time before they have the alt value that they hold. And for them to be profitable in their trade alts.

I also agree that crash is good.  It gives an entry point at a  lower price to a new investors.  Aside from that, if we have the funds, it gives us an opportunity to buy a good items in a very low price.  Just for example,  this recent bitcoin crash enable us to buy at a very low price.  And since Bitcoin is a very good investment since it has the ability to rebound or come back from dip and eventually breaking its ATH, we can really gain a huge profit from this trend.

I perfectly agree with U. The crash would pave way for improvement in Bitcoin transaction issues: especially with too high cost and slower transaction speed

What's happening currently in crypto world is somehow expected to happen. The trend in January since 2014 is just like what is happening today, FUDs all over and exchanges taken down. In troubled times like this, it's a good time to buy and hold. This is a golden opportunity for all of us to buy low, sell high.

To some people the crash might be favorable but to most who recently got their btc at the high rate won't appreciate the crash,thou the crash one way is actually goin to give room for more btc customers to make purchase if it gets to a very low rate.
Personally I feel the crash is good for new comers.

Yes, it's nice to see rate of cryptocurrencies crashes down so that we can afford to invest with greater quantity of cryptocurrency and wait for its rate value to increase.

I agreed with you , the crash was good , But it seems legit to happen few times over a certain period. But i feel sad for those who are demotivated right now. But The sun will rise. Don't worry.

Good for those who are buying. I think the price these past days are just the same last year. And people only took notice of Bitcoin when the price rocketed. There will be a lot of buy and hold in this years 1st to 2nd quarter.

This flash crash in bitcoin is a good development because there are much to be done form slow speed of transactions to high transaction fees thousands of unconfirmed transactions, I think the blockchains need to use this time to fix those problem. So much panic in air and newbies are rushing to sell they bitcoin in other to cut losses but in a short time again the price will rise and very soon they will be struggling to buy at a very high price.

The same techniques used in foreign exchange market/forex, always keep on any updates on cryptocurrency news. Whether it's bad or good news will affect the rate of movement in coins price.

I m not shocked to see the market is dropping hard, instead i m happy giving the other altcoins rise and making the coins as well a chance to grow and show their potential as well. I would also see correction in any financial market , its because of volume or selling or buying pressure or any huge investors in the market and many more reasons affect the market.Corrections will come and thats when many buyers reap profits.

I think the panic sellers are responsible for this crash in price than the misreported South Korean government news. It is actually good since it will now be the retracing we have been waiting for to make way for upward trend.

I'm very, very, veeeery curious if anybody will remember this next year same time, and if he will have the balls to sell on 10-15th of January 2019 just to see the market go into the blood and buy the dips.
Because, wow, this year, with lots of veterans on different channels - nobody said a word about this coming, but now that it came, everybody is showing graphics with "look 2014, 2015 and 2016 were the same!!"

I don't intend cashing anything out at this stage anyway. This crash just gives me a chance to to buy some of the coins i wish i had always had but had missed out on because they had become too expensive. That's what i love about crypto, it doesn't matter what the market is doing there is always opportunities either way.

Yeah even I think it would be good. Alot of people just blindly invested in bitcoins as they got to know the value of bitcoin is increasing and they might get some profit through it. This price drop might cause such people to cash out their bitcoins. Also now if the value will go up slow and steadily it would be profitable. As it grew so huge in such a little time it was sure to have a huge crash. And now the people who couldn't invest in bitcoin/couldn't get much profit by investing can hold theit bitcoins/altcoins and earn profits. So it would definitely be a good thing for investors.

i see also that this kind of crush for are the best time to buy what coin are we wanted for , everything are in the crush mode so better to choose wise and if you may have the choice for you may see that this is the good for then try this for.

This is not a crash this is natural reaction due to the global decision for the possibility of banning the ICO market in China. People remember that the whole cyrpto currency ecosystem is autonomous with the falling prices btc, eth, altcoins everything. Let's cross fingers that it will stop at an acceptable point.

Yes of course. The crash which happened is just like the saying "when some doors closed, others open in an unexpected places." Because the crash usually open doors for new investor and new opportunity of buying when dip.

paying 5 dolars for a transaction is not such a big deal it is the biggest and best coin, people usually use bitcoin for larger transactions studies have shown so a $5 or 10 is not a big deal

what do you mean new? it's years since it appeared.

This is the best time to buy Bitcoin and big opportunity to make yourself rich, I see lot of peoples cry about crash, I don't see reason why they do that :/

Loyalty is really smthn important!
Stay Loyal save your coins, BUY MORE & ENJOY :) :o

I'm glad that there was an opportunity again to buy cheap altcoyins. As the statistics show, such a fall happens every 2-3 months and while the capitalization of the crypto-currency market has not reached huge sums in trillions, one can try to catch such corrections. Good luck to all. ;)

If you want to buy at low then yes this is a nice dump, I am waiting for the altcoin dump as well.

yes i think so.correction is going on.and its good.bitcoin will reach ATH SOON.

I couldn't agree more. The crash is a good thing in the long run. No question there has been a lot of unknowledgeable investors who simply heard the news buzz and hastily invested in crypto.

More to the point, if you do a little research you’ll see the same pattern every January. Take a look at BTC prices over the last few years, you see the same dips every Jan, followed by a big upswing. If you want to understand what’s happening and how to benefit from it, look at the data.

Most of people's post here about about buying the coins at a lower price, which is good advice, however the crash has real backing, like multiple countries banning exchanges, transactions being slow and demanding high fees. What happens if more countries do this, what if the exchanges can't scale quickly enough, cypto in general will continue to decrease. Yes these coins have experienced crashes before some even worse than this, but they were not caused by this big of a threat to the community as a whole. For me I think it's naive to initiate new positions on the dip, this is not the same world anymore that helped cypto thrive in the past year, the coins might rise again, but its by far no guarantee. Do your own research about the good and the bad, then make up your minds.