During the DARK days I always thought about, "What it must be like for the "real early adopter guys" who got in ahead of me, those lucky guys who bought bitcoin when it was in the prior $10 to $100 cycle?" Did they care that much about seeing it go down from $1000 to $500? Yes, of course you still "care" -- it's easy to get used to seeing the nice big numbers that you see! BUT also, no, you really don't "care" that much any more either, not once you have long since cleared your break-even price and there is virtually NO CHANCE that your average-buy price will ever be seen again. This seems to be the MAIN THING about crypto, to me... if you just get IN and stay IN long enough, just WAIT a couple years...? Then, yes, you too will be in this club where you don't have to really worry any more about these crazy ups and downs. It takes a while to get there but it's a really good place to be once you arrive! This is really essentially what it means to be a HODL'ER. And even if it all goes to shit and crashes and burns in the end, it's for damn sure still BETTER than leaving your money in the bank earning some lousy 0.05% interest rate and subject to the upcoming "bail-in" confiscations.  My two satoshi's for the day I did the same thing, but 2 cycles earlier. $35 peak in 2011, and bought on the way down to $4. However, I sold most out for a relatively modest profit in 2012-2013, because the successive adoption cycles were not clear to me, there seemed a risk of total loss, and I have always been a trader. I spoke to a few Hodlers, True Believers as we called them at that time, who said they would never sell (and who had, in my mind, a ridiculously large and risky holding). I didn't really get the point until well into the 2013 super-boom, but I believe there is still a risk of total loss in any crypto. |
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If we truly believe we might be entering a bear to 3800 or 2800 or beyond... why would we stay in Crypto? It is far more profitable to sell for USD, pay the taxes and buy back in next year at 70% cost or perhaps half price.
Honestly, because it's a pain in the ass, and there any many opportunities within the cryptospace to accumulate more XMR and BTC with greater profit outcomes than by going through FIAT. I agree with this, and another point... once you are used to the liquidity freedom of crypto, it's addictive. You are in control of your money moving back into fiat is painful as you introduce slowness, fees, and counterparty risk. As someone who lived through the great BTC trough of 2014-17 I just feel very twitchy about the current bitcoin price action. You really think we're going back to crypto dark ages? If price of BTC was $600-200 back then and now might be $4000-1500, that dont mean are the same ages. It is a huge difference. But yes for those that acquire BTC in 2017 will be same as for those of us that acquire BTC in 2014. Crypto dark ages. Such periods will happen 100%. There i snot even 0.001% chance that will not exist. Because there is no logic that BTC can only grow till infinity. At current value of $ price can hardly go over 1 million. And for that many many things (that might never happen at all) needs to happen. Yes of course there is a correction coming (or a Dark Age). That is a very clear trend in the BTC (for 6 years), and now other Crypto charts. Lots of ppl pretend it won't happen, and they will suffer the most with lack of preparation. Each huge wave up is followed by a retracement to just above the previous high. In this wave up, the start was around $300 on BTC, the high looks like $5000, and the previous high was $1200, which is where it is heading now, and will mark the floor of this current downtrend. The waves last a couple of years on average, but there is a wide variation. As for XMR, which is what we are talking about here, the price will also fall, but relative strength or weakness will reveal where it is going in the long term. |
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are you spendıng mobılgo money to game credıts  because ıt seems you are doıng that. Yes. Most of the MGO ICO money is earmarked for marketing the whole system, of which Gamecredits is the larger part. |
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Some ppl sounding a bit gloomy at the moment. Sometimes no news is good news, the devs are probably head down and working flat out. They potentially have a lot more to gain from Game's success than anyone else. Nothing gloomy about the project. Development continues. However, price has probably got to consolidate a lot more. Chart pattern looks negative for the medium term. Remember the gains over the past 2 years are very substantial.. Even a fall below $1 would not be surprising. Take a view of 1 year ++ |
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Picked up another 1000 GameCredits  It is very sad to see this valuable coin's total marketcap at these levels. I don't understand people who dumped this coin so hard. The whales put big sell walls to lower the price for more coins and many people are selling a lot of coins at these levels. It will be impossible to see the price of this coin at these levels in 1 or 2 weeks. Just hold and watch. It is too late to sell and rebuy lower. If you have money, in my opinion, it will be very good to buy now. I'm not so sure. The trend is slowly down, and Game is losing ground against most alts. That may not reverse in weeks, and may go lower still. Price is not easy to predict. As long as development is ongoing then the long term should be OK. |
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Could be wrong, though, of course... this is crypto, any damn weird thing can happen LOL -- but that's how it feels/looks to me That is how I feel, except the other way round. The upsurge of interest from the previously unconverted, and long time skeptical ppl from all quarters, is screaming to me that the peak is in (based on decades of closely following markets).. but I am hoping that I am wrong. In trading, I so frequently find I am saying to myself ' damn, I wish I hadn't been correct'. Only long-time, hard-bitten traders will understand that. Understandable, but, I don't see a 'peak' yet. Just some swelling foothills that always precede the peak (BTC) The steady rise and consolidate program should shift to an up up and away format, followed by a peak, and a 50% retrace. There just hasn't been enough excitement, and Peter Schiff still has hair. Masterluc's projection fits with my gut feeling. :popcorn That is the usual way, yes. When BTC was completely dominant, it was clear as daylight, in the previous 3 waves. It may still happen as you say. However, in this wave , the whole thing has been complicated by so many significant competing Cryptos, and a greater maturity in the trading markets. Possibly the top will be a long messy one, rather closer to the stock market 'roll-overs'. For sure, re-rating of different projects is going to be the big profit play this time. |
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How many people here have at least one friend or family member who have recently -- out of the blue -- asked you to tell them again, "Hey what's the deal really with that bitcoin crypto currency stuff you were telling me about last year?"
I had that happen...right around the time of the market top in 2013. It is a bearish indicator. It means that the wave of FOMO has reached the masses. The only difference at that point is how many decide to buy and how much, but the important fact is that there are really no more big wave of people to reach (at least not ones with money). When Mayweather and Paris Hilton are promoting ICOs, when it is being covered on CNBC, Bloomberg, etc. every day, who is left? Price gains are certainly still possible, but the risks have become a lot more symmetric. There is one more wave to reach and that is conservative institutionsl money that will allocate to crypto as an asset class given ETFs (or similar vehicles) but not before. That's potentially a big wave ($1 T or more). It may or may not happen this cycle. Spot on, I think. Barring a real outlier event, this is probably the penultimate wave before the true recognition. On that basis, expect a decline to gradually build momentum until it erases 80% on average. The winners will be down 60%, the losers will be down 95% or more. Timescale between 1 and 3 years before the final wave up starts. All based on conjecture and previous fractal patterns. |
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One last question, if I may.
No you may not. Why do you care? Buzz off. No one gives a hoot about you. No one cared about your puny trolling attempts when Dash was 4 Dollars. No one cared about your puny trolling attempts when Dash hit 400 Dollars. And nobody will still care about your pathethic diatribes when Dash hits 4,000 Dollars. You are the biggest failure of a troll the world has ever seen. You didn't prevent Dash from succeeding in any way and you're failing more and more each passing day. Bow your head in shame, loser. Aw, don't be mean ! The thread needs a bit of balance. I am always skeptical when I see 100% fanboys. A few of Icey's fundamental points are valid, but adoption is an unpredictable thing. A general shakeout is now overdue in the Crypto world, and the real test will be which prices fall the most, and which hold up over the coming months. |
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Could be wrong, though, of course... this is crypto, any damn weird thing can happen LOL -- but that's how it feels/looks to me That is how I feel, except the other way round. The upsurge of interest from the previously unconverted, and long time skeptical ppl from all quarters, is screaming to me that the peak is in (based on decades of closely following markets).. but I am hoping that I am wrong. In trading, I so frequently find I am saying to myself ' damn, I wish I hadn't been correct'. Only long-time, hard-bitten traders will understand that. |
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Monero & Ethereum, are currently both following bitcoin exactly like: -if bitcoin goes up high, they both go very high. -if bitcoin goes down, they both go very down. How many people here have at least one friend or family member who have recently -- out of the blue -- asked you to tell them again, "Hey what's the deal really with that bitcoin crypto currency stuff you were telling me about last year?"
How many people have a very conservative friend who recently finally opened a coinbase account and put in even just a hundred bucks, to just START learning for themselves how all this stuff really works?
Happened with me few times in last few weeks. One of them, back in 2015, when I told about bitcoin & decentralization, replied me back "You're too fool to trust something which is not even owned by any one, seems a very big scam to me", called me few days back and asked "Hey, do you still hold those bitcoins? I'd like to purchase some too!" Crypto drama is really very funny & interesting. It has changed indeed.. But is the conversion of so many skeptics a sign of future growth, or just a sign of a peak in price (hopefully not a permanent peak) ? A true contrarian would see it as a warning sign. |
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The people who predict an 80% correction are funny. You can't take something that happened in the past, and say "see, it'll happen again!". The public's awareness of cryptocurrency is 50 times higher than what it was back then. Corrections will not be as deep as they were in the past, simply because there are many waiting on the sidelines to buy in. And when they fail to get their target buy points, the price will move up to new highs on FOMO.
Hopefully you will be right. However, markets don't go up in a straight line, and chart patterns are fractal. It's all probabilities, so take your positions and we will see ! |
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Certainly who owns Chinese projects coins like "NEO" will not be excited lately. Then I did not say that it will be the end of the world, surely I think it is an unexplored market, and I think all the hypotheses that we make will be exact or wrong only when they will happen. For the rest, I think the Monero have more gear than others. But no one can be certain that the benefit of anonymity is not a disadvantage in the future. As far as the current one, it is to be said that the cryptos are currently playing alone ... without legislation it is easy to climb suddenly. I hope that the ETFs will arrive at once and hope that important countries will begin to regulate the cryptovalutes with intelligence without getting hurt. So...tenas monero  I agree with a lot of that. I don't particularly want anonymity. I would rather have transparency and proper regulation, and many would agree, especially in the interests of security. The main question is of trust in the various regulators and competing financial system actors. |
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can any one give me reply .. Why Altcoin dumping now a days ? last 3 days every coin dump and dump losing money What to do ?
Dumping because the huge rise has already happened. Alt Buyers in January have 10x profit +++ and can sell a lot now. Hodl. ...but only with money you can afford to lose. The price correction can be -80%. Sell what you cannot afford to lose, and wait 1-2 years for the next upturn. There is no certainty : you might lose everything, but more likely not. |
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LOL Icey, yes, it's true! Dash is fixing a sloppily overlooked critical 0-day exploit while LTC is deliberately installing bugs "Is fixing?" But but, we were told the malicious quorum vulnerability was *already* fixed and "QA'd" (whatever that means). Which is it? How do we know InstantSend is even fixable to the extent required to preclude all instances of the class of flaw (malicious Masternode collusion) initially discovered? Where is the supposed InstantSend fix? May I review the code on github? Or is it Top Sekrit and too precious for actual peer review? Show us the algorithmic analysis and show us the code. Empty promises of an "imminent" fix don't cut it unless you're already down on Duffield-flavored kneepads. Claiming LTC's spiffy new Lightning functionality is "installing bugs" only persuades the most ignorant of FUD-susceptible noobs and makes you look defensive, dishonest, and ignorant (IE a typical DashHole). One last question, if I may. When will Dash rebase on the latest Bitcoin 0.15.0 code? Superior functions, fungibility and code will take a long time to work through into public perceptions. Meantime, network effect is still prevelant, but it will gradually give way to better fundamentals. |
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I'm afraid that now China, and after some other State, will begin to regulate cryptovalues. Obviously they will not do anything for the benefit of the people but all for the benefit of them, the State. They now have no control over anything ... surely there will be some state that will hurt and some State less but with taxes on taxes ... they will certainly not make crypto life easy. I just hope they let breathe the market for other few month before start tilting at windmills... which might lead to breaking legs to speculation or anyway the growth as we know it today.
The correction in price is overdue now. China and regulation is only the trigger. There will be more. Prices of cryptos can fall by 80% in the next year or so, but it is just a natural cycle.It has happened before. I think you're wrong. When the SEC denied the ETF and Bitcoin didn't have a bear market I realised things were different. We will not see that kind of decline again IMO. Crypto has passed the point of no return. For Bitcoin to reach the same market cap as Gold, the required price is $500,000. Crypto Mcap less than 1 Trillion USD is baby period. "but what is certain is there is going to be a fall sometime in the next few months, and a very big one." - wonderful that you can predict the future with 100% accuracy. Well, yes I can, using generalities. Did it before. There will be a big correction. I do hope there won't , but I think that is unrealistic. Remember that this is only about general averages. There will be relative winners, as well as 95% losses. |
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Bitcoin Cash is the best thing that has happened to Bitcoin in the past 3 years. I am knee deep in Bitcoin Cash as I believe it is the one and only true Bitcoin. SegWitCoin does not stand a chance against the true Bitcoin which is the Bitcoin Cash because SegWitCoin has high TX fees and is useful only for the central banks. Bitcoin Cash on the other hand is for the people. Microtransactions are back, baby! We don't need shitcoins such as DOGE any more, because Bitcoin Cash is affordable for everyone. I have turned off my personal full node on the deprecated fork and now I am operating one in the Bitcoin Cash chain instead. Bitcoin Cash today is worth as much as Bitcoin Deprecated was worth just a year ago. We all know where this train is going  also I have sold all my hot wallet obsolete bitcoins and bought into Bitcoin Cash because I believe Bitcoin Cash will dethrone the deprecated fork in the next 6 months. If it's going to happen, it will take longer. There is a vast amount of software , wallets, services, which have been updated for BTC, and not for BCC. The user adoption is proceeding in the direction of BTC by default, and it will take a lot to turn that round. |
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I'm afraid that now China, and after some other State, will begin to regulate cryptovalues. Obviously they will not do anything for the benefit of the people but all for the benefit of them, the State. They now have no control over anything ... surely there will be some state that will hurt and some State less but with taxes on taxes ... they will certainly not make crypto life easy. I just hope they let breathe the market for other few month before start tilting at windmills... which might lead to breaking legs to speculation or anyway the growth as we know it today.
The correction in price is overdue now. China and regulation is only the trigger. There will be more. Prices of cryptos can fall by 80% in the next year or so, but it is just a natural cycle.It has happened before. how to move around this time? keep hold? sell in part? sell off and buy back soon? Your choice. Depends how much risk you want to take. Impossible to make precise timing predictions, but what is certain is there is going to be a fall sometime in the next few months, and a very big one. |
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I'm afraid that now China, and after some other State, will begin to regulate cryptovalues. Obviously they will not do anything for the benefit of the people but all for the benefit of them, the State. They now have no control over anything ... surely there will be some state that will hurt and some State less but with taxes on taxes ... they will certainly not make crypto life easy. I just hope they let breathe the market for other few month before start tilting at windmills... which might lead to breaking legs to speculation or anyway the growth as we know it today.
The correction in price is overdue now. China and regulation is only the trigger. There will be more. Prices of cryptos can fall by 80% in the next year or so, but it is just a natural cycle.It has happened before. |
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That's great, but it's not my thread We will get way more views than that. Referencing both so that posters can eventually swap to the most active. |
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