You see the real risk of crypto now. If you bought bitcoin when it was $6,500.
The price is now $4,500 so that's around $2,000 loss. That's the risk that you are taking if you get in to crypto's.
High risk, high reward and possible high loss.
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ETH has fallen below $150. At the moment, it is still falling. This is the biggest decline this year. Opportunity and risk coexist. Investment must be cautious.
$132 as of the moment and this is alarming for those that doesn't have long term strategy for ETH and other crypto's too. Start getting greedy now and just buy the dip with your money. You may never see this great opportunity again.
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Whether some like it or not block chain as come to stay because it has become an important factor in our world,many sector are now adopting the use of block chain because is helps to eliminate the third party aspect.Believe me more will still adopt.
More will adopt and this is just the beginning of it. I may say that blockchain will only disappear if there's something better. Or else, there's going to be another version of it and upgrade which is way better than it.
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I feel FOMO during ATH for this coin but as time keeps on moving, I'm starting to lose interest with this coin.
I'm sure that most are into this coin for the money and profit which is the normal reason why we are here and cant blame them for that.
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Don't panic, only the price cut will usher in more purchasing power. If Bitcoin always maintains an expensive price, then investors will slowly reduce!
Investors who understands that this time should be the packing up time and sleep while the bear is there. There would still investors even the price of bitcoin is inexpensive, just remember that during December a lot of people bought during all time high.
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There's more hashrate, company support and nodes for bitcoin ABC. https://cash.coin.dance/But this battle hasn't ended yet.
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BCHSV (this is what I think is the best at the moment)
Not so far until one of them gets kicked out and eliminated, one shall prevail but as of the moment I don't want to buy any of them. Specifically now buying something will be a big mistake. It seems to me that this is not the bottom. You need to wait out this fall, otherwise you risk losing even more than now.
I have opposite belief that this is literally the bottom right now and as for not buying right now is a big mistake.
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Don't on it if the prices are on red. We can avoid to hurt ourselves by simply not looking to the charts. One good news now is that the market is on going green, some coins are.
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the market was down again looks like it's difficult to climb up, I don't know this coming December will start to bull run hopefully, but if not well in the next year maybe will be good for cryptos.
Remember that the market can pump anytime and the rise is likely a surprise just like those times we've been into all time high. No bulls for this December, just think of it and you'll be fine. No expectation met and you can calmly hold your coins.
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I see that ethereum has been taken over by XRP again, it has been many times that I've seen but I don't think ethereum will end up easily.
That's not going to end a coin easily, there will be a lot of reasons why it will end. ETH has an active developer and do you think he will abandon? I don't think so.
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The next bull run will be no earlier than the moment when everyone sells all their bitcoins and loses hope.
Shaking of the weak hands first before the market goes on bull? well I have experienced that when I was able to sell during the dip and market rose afterwards. No exact position on when the market goes on bull, we need to do right now is to wait.
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Observing the new projects, many of them are just thrash and not worth to waste our precious times.
I'd like to look for those projects that has real people who are going to make the project trustworthy and will continue with what they are planning.
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I prefer to buy top ranked coins for long-term investments. And all the rest for resale.
A lot top ranked coins are good for long term and I also prefer many of them. But I'm looking for those gems that are hidden at the lowest ranks, those low key coins can also be considered as long the project is real and legitimate.
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We should expect the positive thing in the market, be optimistic and that will happen after all of these dump.
I know this is terrible for eth holders but that's it and it happened, though their allowance isn't that far.
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And another one is that XRP is taking over ETH's ranking but I don't fear anything with ETH.
I'll remain as its follower and supporter because I still see its potential. There's no good news so far but I think that it will come when the market gets stable again.
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I hope that this decline in the last few days the market is experiencing a decline in short-term.We can get better results when the short days for investors are short.But I hope you won't lose hope.
I wish that this decline is also a short term, I don't want to think that this will take place for a long time since we're already experiencing it for a very long time. Don't lose hope, stay to your plan and stick to the market.
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I read your posts and it was interesting till the point where I was thrown off by the mention of MLM. I noticed that too and I will never recommend that to anyone who's looking to invest and earn with cryptocurrencies. Time consuming and most of them will lead you to lose money because they have their own exit strategy.
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Bitcoin tanks, altcoin tanks too. This is how powerful bitcoin is and going back to your question why the market is red now.
Well everyone's speculation is that this has a correlation to the upcoming event later.
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