Price correction was done already, this drop is due to the news China has brought us. Mostly negative news that's why bitcoin and most of the altcoins are dumping recently but don't loose hope yet, it'll regain back and increase back its price.
It can still go both ways, we can see another dump to 2700$ or if the bulls will wake up and turn around this market in a week or two we will be back to 4500$+ |
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Guys, I own 6 different alcoins and during the dip i followed them all go down as the bitcoin was losing in value. Then yesterday when things started stabilising they were all without any exception all rising in value as the bitcoin raised too. So if bitcoin is driving all prices up and down, what's the point of playing with altcoins if no matter what techonology they use and what team stands behind them they ll just follow the bitcoin lead? I am not sure about you but this last situation depressed me a lot, and I would love to read your opinion.
At first you were looking on a price of USD, because mostly we have pairs like altcoin/btc than ofcourse you have seen a red market for all altcoins. But if you look closer there are lots of projects which have received zero affect, because of such news. For example ARK has grown during this period, also investFeed has gained good volume  You just need to research... |
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I dont think that NEO has a future, it pumped hard because it was tottaly involved in China ICO market. With sch kind of a news where ICOs are forbidden, NEO can start aiming to another markets, but can it compete with ETH? Probably not.
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It still can happen you never know If it wont be China than someone else can start speculating price, but just dont worry about this, it happens everytime and it is an ordinary life thing  Price of bitcoin will recover again and again. |
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For me without China, this market will not attract many investors around the world. I think China contributes a lot to the Bitcoin market and they have the right to adjust this market price properly.
It will still sttract tons of investors, doesn`t matter if China is involved or not, but it is always better to have more people than less. Without China nothing will change |
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Still blockchain and bitcoin is a threat to banking system a specialy in China and who wants to lose their money? That is the first reason and second can be just some speculations and nothing more.
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I like your desicion to invest in ARk, Waves and in Ubiq i also see a great potential behind this coins. Also OmniseGo seems to be very good, about others i cannot tell anything, because i dont know the potential of this coins.
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what about arc, neo for one year investment?
Neo is a really bad desicion because, i think in the near future this coin will just disappear. I would suggest to invest wisely in projects with great teams and roadmaps. For example ARk, ETH and WAVES for me seems to be the best coins to invest in. |
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There are some you can check investFEED, if you will look on the chart the price haven`t dropped so heavily as price of other coins, for example today it has gained 18% of profit comparing to bitcoin.
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I think the best ICO of this month would be CENTRA it has the same thing to offer as Monaco does + they also want to do some kind of ebay where you can buy everything for cryptos. It also has already raised a huge ammount of money in their pre-sale. I see a bright future for this coin.
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Ethereum has already shown to everyone that it is the king of altcoins and bitcoin is a king of cryptos I dont think that it will die, but some coins as ARK, Viacoin and Waves, can reach ETH market cap for sure. |
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I am still confused. Their statement reads: "China's central bank together with six other departments released a public statement on regulation policies and warning the risks of ICO projects". But there is no mention about Bitcoins or trading. Why they are closing down the exchange, when the central bank is only targeting the ICOs?
I don`t think that they don`t even need this statement, they just don`t want to take more risks on themselves, because sooner or later China could also start doing some statements against exchangeres and they can get som problems. |
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It wont happen its floor would be approx 2500$, China has entered this market not so long ago and it doesnt have such a big impact on bitcoin as you think. |
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Everyday when i have free 2 or 3 hours i try to make my best to do my daily tasks in bounty campaigns and to read a litle bit some info on this forum. In my coffebreaks or in train, which i use daily i read the news and do some researches.
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I don`t think that selling alts is a great idea, eventhough some altcoins are feleling themselves much more comfortable than bitcoin at the moment.
You just need to hold them and wait for a price correction.
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The whole 9:30 to 10:30 AM period is often one of the best hours of the day for day trading.
Thats true i also have checked this, but also i have noticed that the price is always falling by Fridays and than it risses on Tuesdays. |
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I can't believe people are making threads about this.
As long as bitcoins has excisted, prices have gone up and down. It's in the nature of bitcoin. If supply is larger then demand, then the price will drop until demand is larger then supply, when the price will rise again.
You shouldn't convert you bitcoin. Just hold on, and wait until the price will rise again (which will happen).
Well said! It is just the time when we need to wait and hold our coins and maybe buy some more |
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I thought that there was an instantaneous decrease in ethereum with bitcoin.and after these events I thought of as a momentary decrease, I got 50 ethereum from 260 dollars. I can not decide what to do with certain levels. Of course, it is not right to make sales like this.my mind came up with the idea of joining an ico or a going ico . I thought maybe I could save the damage in this way, but I'm not quite sure. what should i do? Should not I?I've been loss since the day. I do not want to loss any more, but I can not find a solution. I am delighted to share your ideas in this regard.
You shouldnt be worried about this, price will recover as it always does. I think it is a great idea also investing in ICos i was also thinking about this, mostly all good ICOs by entering market after a while have a price x2 or even more. |
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I think very soon we will see that the bearish market direction will stop and bulls will take the lead. At the moment it is better to buy or maybe just wait for some days and see how market will behave.
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Some media shows that bitcoin can be the next weapon to control the world economy. i think it is true and it will be seen soon.
I was also reading some article where it is said that soon we will enter 4th industrial revolution and that we need a new economical system for it. Some one said that blockchain techlonogy would be the next economical system. I don`t think that this would be bitcoin, but deffinetly something new is coming for sure. |
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