All dreams have been shattered while the marketcap keeps falling every time I refresh coinmarketcap. I kept Hodling expecting it to be a small correction like the ones in 2017. Portfolio dropped more than 70% already ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) and still dont see the bottom. Now I am wondering if it will recover to previous highs especially considering the China ban and regulations. ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) Any thoughts? A month on, same situation. Don't panic! If you are ever tempted to panic sell, ask yourself this: If I sell, who is on the other side of the transaction? Who is buying and why are they buying? Once you realise that it is whales and seasoned traders who are busy accumulating cheap coins, the temptation to sell goes away. The best advice at the moment is: Trade if you are good at it, hold if you are not. Don't panic sell.
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What's the main reason most of the Crypto Fall's down randomly approx 15 percent? Most of the people say's that it's Google ban Crypto ad's this is the main reason for the downfall. Is it true?
Crypto downfall chart according to coindesk:
Not really. The whole market has been in a downtrend for the last couple of months. Any negative news at the moment just drives the prices lower. I suppose the Google news has had more of an effect than it would in a bull market, but the main cause for prices to drop is that a lot of people are very skittish at the moment and want to sell at the first sign of negative news, whatever it is.
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Not sure about anyone else, but I buy in the dip and then it dips further! Is it best to just stay out and accept that it's all too difficult at this time?
You can short against USDT Tether to increase your coins. BTC starts at $20k, sell 1 BTC for 20k Tether. BTC drops to $10k, buy 2 BTC for 20k Tether. Repeat as necessary. ...assuming we all trust Tether...
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Bcash will rise to 20,000 by the end of the year. Bitcoin did it last year.. I have a feeling bcash will do it this year.
I don't think bcash will do so well. The LN developments should affect its price negatively. I'm expecting BTC to rise considerably, but I'm not expecting much from bcash.
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In such a bearish market, are you making your trading moves by technical analysis or just follow your heart and believe some coin will start to bounce back hardly or something else?
I'm always skeptical of technical analysis, as I don't think it always applies to what in crypto are often quite thin markets. I try to make reasoned decisions depending on whether I think there is a general bullish or bearish sentiment. The effects of good news and bad news tend to be either amplified or diminished depending on the overall market mood.
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I personally HODL ETH as I view it as the top blockchain in terms of what ICO's and projects use. If your opinion(s) out there, who do you think are their biggest competitors in terms of ICO's and blockchain projects?
I have heard that NEO is one of them but I'm curious to know who else could challenge them in that regard.
NEO is probably the main one at the moment, and also the one most likely to grow substantially this year. NEM (XEM) is another popular competitor with a big update this year. There are plenty of others which are quite new and as yet unproven, top of which is Cardano.
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I think it contributed to the drop but it wasn't the driving reason - the market was already in freefall before then. And as has been said, the rest can't be dumped for a good few months yet pending the court decision.
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It's just a nonsense thread. There is absolutely no reason given as to why ETH should fall to $1, other than that some unrelated companies were overvalued.
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What is happening now? Ethereum is now struggling to meet the expectations on its eco-members. Anyway, within each worst situation, there is an advantage. This is the right time to buy more ethereum and make some good profit during upswing.
The price falls are market-wide, I don't think that the reason for ETHs price fall has anything to do with ETH itself, it's more of a whole market sentiment. But it is certainly an opportunity for dollar cost averaging.
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it seems that these are the level where prices are not going to dump further downwards.... thanks to hodlers...
Yes, this is true. Sometimes it is good to trade, and sometimes it is prudent to hold instead. Prices stop dropping once there is no-one who is willing to sell, and there are only day traders left trying to play against one another.
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Just coinmarketcap for prices. I know how much I have of each coin, so all I need to check on is the coin price. But I try not to check it too often unless I'm actively trading, as it can be stressful in a bear market!
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I agree with NEO, put I prefer Walton to VEN. For lower cap stuff I like IoT Chain and maybe WePower.
Definitely DYOR, but I think smart contracts, RFID and IoT will all be big, so it's just picking a good coin in those categories.
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I heard that the wallet MEW may not be used anymore, this information is true. So if the wallet MEW for some reason can not be used then can we use any other wallet?
MEW is perfectly fine to use. Just be careful, there are plenty of phishing sites that have very similar URLs... sometimes using special unicode characters so that it looks to be almost the same URL, for example it might replace an e with an e with a dot under it. So long as you are using the correct site, and don't have any viruses or keyloggers, it's safe. Especially so when used in conjunction with metamask.
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Do you buy btc at this time?
It is a good buying time in general. I'm expecting the market recovery to start fairly soon,and recoveries are usually led by BTC, so yes I think now is a great time to buy BTC.
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The basis of the argument for this thread seems to be: some companies are overpriced, therefore ETH is worthless.
I really can't see the link at all. ETH is a very strong platform with huge and ever-increasing adoption. I think ETH will do very well.
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Probably NEO as it looks very strong and should have a great future. Or maybe NEM because it still looks very underpriced relative ot other coins.
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Crypto Market Is Down But How Can You Win Still?
If prices drop below your average entry point, then you should buy more. This is called dollar cost averaging. It lowers your average entry point. Another way to gain if the market is falling is to short your coins vs USDT Tether. Sell them for Tether (fixed at $1), and then buy more for the same money when the price has fallen.
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What currencies would you buy with, and why? Looking to make a great portfolio, and somewhere to start. LTC got my attention, but the recent news kind of scares me owning so much of it. I'd like to stay towards the more well known Crypto's and no shit coins. I'd like to stay in the top 15-20
BTC,ETH,NEO. NEM is also undervalued at the moment, but has surged back a bit in the last couple of days. XRP is probably a good one long term, but it's weird as the price doesn't go up in response to good news - and there has been quite a lot of good news recently. If you want to venture a bit outside the top 20, WaltonChain looks promising.
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Ada will jump above$ 3? If so, how soon? I just have a lot of it and I'm thinking about selling or not?
I would say it may go above $3, but definitely not soon. That would be a huge increase in price, and the platform is still young. It's current price is based on high expectation of what they will deliver in future. I don't think we'll see a huge price increase until they do start to deliver... which may take a while.
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Yes, ETH was/is revolutionary and offers something very different to bitcoin. It has a very substantial first-mover advantage, and it will be interesting to see whether this persists in the face of competitors who claim to offer better and more intuitive tech. Personally I think that ETH has a great future, and will continue to grow substantially. The world of the future will need smart contract platforms.
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