Well, this market is really volatile and we can't really know when is a certain price is going to be. Just at the end of year and early part of this year, Ethereum is surging ahead and top $1K for the first time. And it stays on that price range even though bitcoin has been in several market corrections. Ethereum is not affected, though it will go down a bit and bounce back.

But today, it goes below $900 and I don't know if there's support level at this time. But for me, this is just temporary setback and no need to worry because pretty sure that long term is will recover and rebounded.

As much as the parabolic rise of bitcoin is not sustainable in the long run, this crypto bloodbath will not last that long in my view. After the Chinese New Year, our Asian brothers will again bought bitcoin and cryptos. Those regulations have only short term effect, they can't really stop this revolution.

I'm very optimistic this coming February. I'm seeing that there will be ONE good news that will tip all this negative sentiments into another bull run.

Let the weak hands suffer the most. And strong hands took control of everything. Its very unfortunate to see the price of bitcoin nose diving, but hey, its their lost anyways. Let them regret their decisions later when they see the bitcoin bouncing back to $20K.


Correct. Invest what you can afford to lose. Others are mislead though and sell everything and invest on bitcoin. The market is volatile, no one is certain how the price will move. Its gonna be a painful experience to see today all your investment crashing because you put your life savings on crypto market.

OK I found something interesting. There was a massive dropped rate in global hash as reported by one member:

https://bitcointalk.org/index.php?topic=2860913.msg29401312#msg29401312

The massive dropped rate coincides with the price of bitcoin dropping as well. This could be something that other experts here nee to look at. I'm still trying to dissect the situation. But again others who have more knowledge can chime in as well. Are there any connections? Is this Bitmain's way to manipulate the price in their favor?

Look at the current situation right now. Bitcoin is currently down and if you are just relying on trading it and other crypto, I'm sure that you will have a hard time getting profits unless you are really a pro trader. If you can still salvage and have a full time job and trading as a way to earn extra money then that is the best decision in my opinion.

And for those we heard that they left their job to pursue their crypto trader career, I'm sure that they have save enough money and have other source like business to help them survive. Its good thing to have a plan a/b/c just in case something went wrong in your crypto trading.

Been contemplating of doing trades on them because I'm somewhat disappointed with HitBtc. Already made an account but I haven't transferred my coins yet. But when I read this thread, it makes me wonder if I still should go with my decisions. Although there's a lot of positive feedback from you guys, I might hold on it for a while and see how it goes to the OP.

Kindly update us on anything though. Maybe there's a surge of users coming to their platform that's why the support is really slow at this time.

lol. I was reading the whole thread and I was just laughing about bitcoin going to 0. Bitcoin has died many times already for all we know. Unfortunately, it has reached almost $20K last year, although the price took a nose dive after that. But it doesn't mean that its over for bitcoin.

Kindly check its past history and you will know that after every crash, bitcoin fought back and hit all-time-high. After everything settles down, I can see that bitcoin topping $20K easy.

He's completely trolling or just a paid schill to spread FUD in the forum.

I agree. This is an old practice by seasoned traders. That's why everyone is saying that bitcoin and ethereum has mutual relationship. So I think that bitcoin investors are just shuffling their funds around the crypto market and will go back once FUD have stop and bitcoin enjoying a price surge again.


Around June 2017 to be exact. But the so called flippening didn't happen. Bitcoin goes up while Ethereum slided. Although Ethereum just passed the 4 digit mark, I honestly can't see it taking the top spot from bitcoin. Too many parameters needed to be satisfy before this things could happen in the future.

I have to disagree though. I'm sure that ETH will also experienced the same problem that bitcoin is currency facing. When the coins grows, high cost of tx will be the main problem. ETH has big potential but I don't see it touching bitcoin price in the next 5 years.

Good to see though that it was able to break the 4 figures. And the top price that I can speculate is $2K for this year. Unless bitcoin suffers a major crash and went down to $1K, I really can't see ETH taking the throne from bitcoin. Not even the Ethereum alliance can make a sudden pump to the price of ETH.

Well this can be true about a couple of years ago. But time has changed buddy. Not every coin now follow the pattern of bitcoin. Heck, in December alone, all coins are enjoying their best year so far. So that's mindset no longer applies to the current state of the market today.

My only comment on his portfolio though is put more money on bitcoin. You mentioned privacy coins, Did investing on Monero cross your mind? Another good coins for me to put some investment on it. And yes, ETH is one coin that I would love to invest as well. Just saying.

Are you serious? Why don't you do your own research instead of asking questions. You will get different answers here because most of them will point you to the coin where they have already invested up.

Use the power of internet and look at the coins that you have mentioned and decide for yourself it they are worth to be invested with your hard earn money.

The only coins that has a proven track record is bitcoin. All other coins has the "potential" to be pump-and-dump, meaning artificial price movement.

Its doable. 5% is a fair target to achieve if you are into day trading. 5% is also possible as long as you know what you are doing, the right time to exit and then roll your invest to get more profit. But just be careful and not to be greedy. Sometimes its one factor that will make or break you.

If you think that you have reach your target profit then no need to wait further. Get your profits right away. The market is very volatile, in a blink of an eye, your potential profit could disappear in thin air.

But the thing is, there might be consequences at the end if you are caught using/trading/owning a bitcoin in a country that totally puts a hammer ban. Of course you can get away with it such as proxies, VPN. But sooner or later the government will find it out and the full hands of the law will be on you.

Its a resounding YES for me. Governments that are against bitcoin will automatically ban altcoins as well. Because they will not put any distinction, as long as its crypto, its gonna be illegal.

This bubble has been bursting since the last couple of years. They even says that bitcoin is already dead. But guess what, bitcoin is still alive and will remain, unlike those dotcom bubbles that really didn't recover AFAIK. This is just another test that bitcoin will overcome. We have seen this kind of bearish market every year and always rebounded the following month.

There's this FUD about the US regulators subpoena Bitfinex and Tether. When everything settles down, I'm sure that bitcoin will recovered and another positive reversal is in the horizon.

This thread was opened at the height of bitcoin price surge, that's why the confirmation is very slow and the cost of transaction is very high. But if you are going to check it today, its down to around 50K unconfirmed tx.

https://blockchain.info/unconfirmed-transactions


I assumed that more and more bitcoin users are moving to Segwit wallet. Its much cheaper and tx are very quick. Although with the legacy address, its still cheap but not cheaper as Segwit address. And when LN is implemented this whole scalability problem will be resolved.


https://bitcoinfees.earn.com/

With bitcoin's proven record, its just a matter of time before it can recover. But as this very moment, we have been in the bearish trend that most of us have losing our faith on it. Its been a struggle, one day we will that bitcoin is just about $11K and we get too excited and thought that we can go to $12K. Alas, next day the market goes into another market correction.

Right now its a shade above $10K and I'm expecting that a lot of us are nervous again and thinking of pushing the sell button because we all losing faith. But I guess I have to hold on my faith, after all, I'm in for the long haul.

It bottom below $10K today, but immediately recovered above the $10K price. I guess we need to see the price to go this low so that new investors can get into the market price. Lightning Network has been so much talk about in the forum. Everyone is excited about it because it looks like this is the savior to the current state of bitcoin.

So for me the bottom is around $9K, I don't see bitcoin going down below that because its good buying point for most of us. And with LN implemented in the future, I'm seeing the price to go above $20K.


They have been battling but because of the recent news about US regulators subpoena Bitfinex and Tether, the bears is still on top and the bulls still hibernating. Another long battle, I hope the bulls win in the long run.

Are you serious? You are just trolling. Ripple was said to be the next top coins but what happened? They said the same about Ethereum June 2017, how did it go?


Wasn't aware of such shady involvement of CMC deliberately distorted figures. Although I have seen them promoting scammy ICO's on their website.


For some they really blown it out about this Bitcoin dominance. With bitcoin at a top 60% no one is bitching about it. But now they are trying to make a big fuss out of it. Doesn't make sense at all.

We couldn't really stress that out. We have been in so many price corrections already and we have learned our lessons not to panic and keep calm and relax. Although for newcomers it will be a crash course and difficult to relax. But if you overcome it, I'm sure that the next time the price underwent a correction, you will not be simply affected by it.


Yes, its rich history tell us that its going to be worth if we are going to be holders for long term. Price always volatile but the end of the day, its really how you prepare yourself seeing the price going down unexpectedly. If you remain calm then congrats, you pass it will flying colors.

2017 is the year where crypto currency really took off. At least you caught the tail end of it and hope that you gain around December. Unfortunately, crypto winter sets in and up to today, we are still feeling the effect. And there's some bad news coming our way: https://news.bitcoin.com/u-s-regulators-send-tether-and-bitfinex-subpoenas/

So I guess crypto winter is extended for another weeks or so.


Just hold. At this juncture, no need to dump and cash it out. We all need to keep calm and let this winter pass by just like any other year. Just look at it at the bright side and try to get more coins in this blood bath.