Mmhhh... I suspect some "airdrop" coin to have keylogger... I was hacked a few years ago and I am pretty sure my critical security breach was to run every wallet from new "free" coins. Sadly on Windows with "exe files" and not source code you will NEVER be sure of what you are running. Be careful guys. I prefer air drop with sidechain (ethereum, counterparty...). Thanks for the heads up... I'll just run it on my spare pc... I've got 3 to choose from.
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What I'd really like to know is when is the correction of the correction coming?
I think the worst of it's over. Perhaps we will see another "correction" in a week or two but I doubt it will be as significant as the last 48 hours. Wishful thinking It's far from being over yet. so in your opinion where is this heading towards? A starting point will be the may 27th dip to $60B total market cap. We are going at least that low in my opinion, and probably lower over the next couple of months until BTC hits $1200-1300 support.
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Above guy is right... $1250 BTC is support... With a spike down below $1100 possible (it will last a matter of an hour, I have my limit orders ready)
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Same reason so many nerdy beta types have a hard time getting women while the alphas will bed hundreds. Genetics.
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Another organized dead cat bounce... Chart still looks quite bearish.. We need to have a real plunge in total market cap to form any sort of bottom. I'd post a chart but I'm at work. I'm surprised the selling has been as organized as it has but I shouldn't be because you have to convert altcoins to BTC before converting to fiat.
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Charts say there's still gap to fill. Bitcoin $1500 and global market cap of $40-50 billion. Most of these coins are still in what would be considered "bubble" territory by any practical measure. Golem as mentioned by others here has gone from a $20M market cap a few months ago and is still at $200M.. that's a 10 bagger in a few months. Having participated in other bubbles going back to when I was fresh out of high school for the dot com bubble, to the silver bubble where it hit $50 and went all the way back down to $12, I'll stay in cash. I could be wrong, but I don't really see a scenario where we bottom here and rally back up to all time highs.
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More conspiracy theory. Its all healthy free market when we go up 1000% but when we correct it's "manipulation"... These kind of claims have been made since Roman times and earlier.
These markets are thinly traded and when enough people want to sell at once the bids can go down fast. The total market cap is not an indication of how much money people could get if everyone tried to cash out. More like a game of musical chairs. You'd be lucky to get $20B of the $80B if everyone wanted out. Same thing goes for global equity and commodity markets. They are very demand dependent relying on balanced supply and demand to remain stable. Thus you have quantitative easing and other magic tricks and zero interest rates to keep the sheep interested in overvalued stocks.
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I'm gonna have to research all the coins I swore off as being too expensive, but no hurry... Though some alts have crashed really hard.
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Be careful about being emotionally attached to an investment. Buy low sell high, no emotion. If you made a ton and live in a country where there are taxes, pay them. By a lot I mean $50k profit or more. The world as it is exists because of taxes and government. They are the price you pay for not having anarchy and living fearing for your life on a daily basis. Bitcoin would not be possible without modern civilization much less the tech we take for granted, modern globalism, etc.
Fractional reserve banking made this world possible. Credit is the blood that fuels the circulatory system that is the global economy.
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Why didn't I do this? Get in bed with one of the icos with a PR role. Take a 5% stake in the profits, make a killing, and disappear. Nice scam.
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If I was mod this idiot would be banned and the thread title edited.
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Whale....someone with more than $1million invested or in profits. I'm not a whale...
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None. The bubble has burst. Buy BTC at $1200 in the next 6 months Above poster... Aug 1 is segwit activation for BTC.. A patch at best to fix old tech when there are better solutions out there already, but a needed patch for the king nonetheless. Step in right direction
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I did OK.. I mostly got out before the charts said we popped. Buying at these high levels after such a massive run is a rookie mistake. Getting emotionally attached to an investment is another. Buy low, sell high.
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Bubble popped a couple weeks ago. Don't remember the exact date offhand...I did post a chart or two around the time it happened. I didn't get out at the top but did get out at confirmation of the pop and went around 90% cash at that time. I didn't do everything right but did quite well.
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This is why Pascalcoin is the future. Funds are stored in account numbers which allows the transactions themselves to be trimmed from the block chain. Keeps the block chain limited to around 6gb in size and increases anonymity since the paper trail eventually gets trimmed after a time. Once the transaction is confirmed by enough nodes or miners there's no reason or need to keep a complete transaction record going back to the very beginning. The account numbers hold the data while the addresses merely facilitate the transaction.
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Pascalcoin is a long term hold but honestly I'd buy nothing here and wait for the dust to settle. Don't catch that falling knife yet.
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Typical market correction. Nothing to panic about, just HODL
I agree with you this is correction I don't think it will turn to crash Actually by definition this is a crash. By definition a "bear market" is a decline of 20% from the peak, so we are in a "bear market" right now.
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There's nothing you can't short to make money now, although the only coin I would not short is LTC. Nice thread, BTW. How are you shorting? I've never investigated doing it. Poloniex? I don't really short stock much less cryptos because the max amount of profit you can make is 100% and it can blow up on you if the trade goes the wrong way, plus the fact in the long run everything goes up due to inflation, shorting for anything other than swing trading is risky, like buying leveraged ETFs which have built in decay... in the crypto space 'only' a 50 or 100% gain is a yawner for me. I'm not happy unless I have a 3 to 10 bagger.
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Hope you get your coin back!
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