This is exactly what my thoughts. Litecoin will survived as long as their is Bitcoin. Its one of the most established coins however, it just slowly gaining interest from the investors so I doubt that it will die. Its slowly recovering as well. And most gambling sites accepts Litecoin as alternative, instead of Bitcoin which is very slow as of the moment.

And since Litecoin has been in the market for so long that its not even affected by FUD and market crash, I'm sure that it will still continue to remain as one of the top 5 coins in the market for a long time.

It's a major crash per definition, a dip of 30% or more on the market is consider a crash. However, bitcoin remains as dominate as ever and it looks like it is already rebounded, actually almost 90% has recovered so far. The market crash is over for now but just don't celebrate because we may see another bearish trend.


There were reports coming in that says South Korean government official have a hand on the crash that we have seen. It says "Insider Trading", which make sense as the dust is settling just now. They have release such contradictory statement that causes fuel to the FUD filled market.

Next target is $1T, however, we just hit a wall a few days ago. But when everything settles down and every whales and bears comes back to the market, we can hit $800M pretty soon and march towards $1T. So we can really made a lot of money just mid year.


The big 3 will really dominates the market and then there are other coins that will have their 5 minutes of fame. Much better to bought other altcoins as well, they are newcomers that will enter after this market crash, its better to be the first in line and take as much profit as you can. That's how the market goes, if you are too slow to react, you will be left out in the dust.

Nah, I'm not that stupid to sell my house and invest it all in bitcoin. There's too much risk involved not just for me but for my whole family. And people around me will also think that I'm dumb to do such move. I would rather invest what I can afford for now and just be satisfied as to what bitcoin profit I can gain in the future.


This is really a gamble from my view, because you don't know what the future will bring. Just like we seen, bitcoin suddenly plummeted, so if you have sold your house and then put all the money in it, I'm sure that in the last 2 days who are not getting enough sleep because of the crashed.

How big is this Lightning Network influence on the market? We can't really tell because is not yet implemented. But I'm skeptics at first with LN but if this is one of the best solution out there then so be it. They should roll it out so that we can see bitcoin price mooning again just like it did in mid December.

But first let's see if this rally could take us to $20K. We all know that after a big crash, bitcoin could soar and will surpass its previous ATH. And since it has recovered from the crash, I do hope that $20K is the next target and then we need another set of predictions as to where it will be at the end of the year.

As much as we like for the price to really make a run, we should not jump for joy here. We need to wait and observe what will be the sentiments of the market. This is like a feel out session again after a crash. Will there be a minor correction? Is this just a precursor of something big that will come in the future? So I advise you to stay easy as of the moment and take the moment to grasp what's the sentiments will be.

And I'm sure that if we break the $12K barrier, soon there will be investors jumping in again. Right now, it is still just above $11K, I expect that maybe we need a couple more days before we can say that's it over and the market has normalized.

Sad to say but it looks like you joined a P&D group? Usually those people behind will really hype a coin and said that it will go crazy like 50-100x but I'm sure they are all lying bastards trying to lure you into investing on that coin and they will immediately dump like it pancakes taking home the profit and you guys suffer the consequences. I hope that you learn your lessons here.


IMHO, I can't really say, I'm not sure what SecureCoin is. It could go up but the chances are very slim. You are already trap and the only way to get it is to suffer a lose. Sorry to burst the bubble to you.

Not by a long shot. This correction would go on unless some big whales or financial institutions once again pump the price. We may have seen that the price is on the positive side, but I'm still crossing my fingers and hope that in the succeeding days, everything is over and market will go on a bull run.


So today is critical, if we see the market test $12K today then it will be just a matter of time to get to $13K. But its too early to really call that everything is back to normal now. All we can do is just wait it out for a bit.

I also rank up to Hero position. If there is a available position next week, I appreciate if you could bump me up. Signature is also updated. Thank you.

You are right. It could go in either direction. It can go to 0 by tomorrow. So its better for you to get out right now. That kind of thinking really says that this crashed, "weak hands are shaken", just like we are seeing in you.

You don't need to look further, Just go and see the price history of bitcoin in September, specially during the first 2 weeks when China turns it back to bitcoin. The price drops sharply and then Jamie Dimon says bitcoin is a fraud, pulling the price even further. However, in less than a month bitcoin rebounded made all-time-highs once again.

What I'm pointing out, is that there's also a chance that bitcoin can survive this slump, and fully recovered as if it didn't hit a wall previously. So if you really think that this is just the beginning of the end of all crypto's. Then you can get out of it.

Of course, we can all hoard and accumulate all the bitcoins we want and store in our wallet for a long time. That's every bitcoin enthusiast dream, to have 1000 BTC because its getting rare as the year goes by making the price go up literally. But I don't think that is possible for bitcoin to be pull to $1K price. Because when it goes down, those people who watching from behind will suddenly jump to every opportunity to buy bitcoin at its cheapest price.


Resistance at around $10K has been broken, however, it looks like that we are back at $10K again. I'm sure this is because many people are now buying at this price. They don't want to miss this very opportunity, and it may not be seen again. Better to get in, while the price is depreciating.

Why don't you need to sell today? At the current price? Don't risk it dude. Just hold on your bitcoins and wait till the price goes up. I'm also not a experience traders, but just used your common sense here. I know that is really painful to see the price of bitcoin crashing below $9K, but I surmised that the road to recovery is just around the corner. Maybe around 24-48 hours we can see the price going green again.


Cool. By then we hope that the price has already gone up.


Doubt though that the current slump will dragged for the next couple of months. It went below $10K, but last time I see it looks like the price is slowing getting up and just above $10K price, barely.

That method is fool-proof. I always used that strategy. I booked my profits when bitcoin reaches $18.700 last year and take my profits and keep my initial capital intact. And it looks like another buying spree that we are seeing, so I might as well buy bitcoin tonight.


Why sell now when the price is dipping so fast? But altcoin is also suffering? If you really want to sell, then just dump a few. There's no need to dump them all at this current price. As far as altcoins, yes, I would agree that is good as a investment, but I wouldn't shift around my funds to it. Altcoins is much volatile as bitcoin, and I wouldn't risk to invest it today. I would rather wait and see how thing's will be in the next days to come.

Yes, times have changed a lot. There are a lot of altcoins that took the hype from bitcoin in the last month, like ETH, Ripple and LTC, but I don't think that they fully take it over unless they can really gain the support of the community. Although bitcoin has many issues that is still unresolved, that's not enough to sway investors from moving out their funds and go to altcoin market. So there's no chance for the alt's to make bitcoin step down even for a bright moment.

And now, since the market is crashing, bitcoin's dominance will go up again. After everything settles down, investors who have sold off will go back to bitcoin because the price is cheap at the moment. And then it will enjoy another rally while altcoins will suffer and go back to its normal price.

Yup, we don't really need to panic in this times of uncertainty. Actually we should look at it at the bright side. This is the perfect time to buy bitcoins instead of dumping it all the way. This is how the whales did it, wait for the market to crash and then buy bitcoin and accumulate more. It will go up, I have seen similar crashes and bitcoin rebounded and push the price to new levels. We just have to wait guys. Patience and Holding is a virtue here.

As far as trading, if you know how to really do day and short trading, this is also a good opportunity. But if you don't have any experience with it, would rather wait and not trade in this volatility that we are experiencing.

Internet in the Philippines appears in the mid 90's, and almost 50% of the population has access to the Internet today.


Did you know that the Philippines is the "Texting capital of the World", everyone owns at least 2 smartphones here. Go use Google and see it for yourself.

And please get your facts straight.

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Almost all of the countries are developing so I guess they can have access to the Internet in the future even Africa. The country that I can also see that has no chance of having a Internet access or heavily restricted are North Korea, to an extend Cuba, or any country under a authoritarian regime. So I guess there won't be a problem using bitcoin as mode of payment in a public store or restaurant in the long run.

I think MEW only pasted it because there's a lot of phishing in the last couple of weeks. I have bookmark MEW myself and I double or triple check before accessing my MEW wallet using my private key and so far my funds are intact.

I remember last week or so that there are news going around that MEW was hack, specially on twitter, however, MEW already shoot down that news and officially releases a statement on twitter  that is pure FUD.

https://twitter.com/myetherwallet?lang=en

If better to be safe that sorry. Do all precautions so that we can't be phish (DNS phishing.)

Exactly, if we see that the market is red and still going down, its a perfect buying opportunity because those who are selling didn't know that they should hold in time of crisis and not to panic and keep calm and wait till everything settles down.


That's what you call FUD. There are really members here who loves to do that because they either want to cause uncertainly by creating false information and shake the market, or they are being paid by someone to do that so that they can buy bitcoin at cheap price once again. So its better not to listen specially newcomers in the market. Usually they are the target of such malice attack so don't believe anything you read, its better to validate first before you make your decision.

Theory of supply and demand. Generally, as bitcoin demands keeps increasing and the bitcoin can't have difficulty supplying it, then the price increases. And then there's the positive news coming from different sources. This makes people go to the market and buy bitcoin resulting to the price going up. And vice versa, if there's a bad news, it cause the price to go down drastically.

Another reason is manipulation, there's a unwritten rule that whales do sometimes want to manipulate the price is either direction. Remember they can only do that because they have huge amount of bitcoins to begin with. It maybe a individual or group or individuals or sometimes financial investment company.

In every journey in life, one must experienced a lost so that we will successful in the future. So trading is not a exemption. I myself have experienced a lot during the course of my journey, specially in the beginning. There are days that I want to quit and think that trading is not for me. However, I kept on going and learn a lot from my past mistakes. I say that I'm doing good right now and I'm very thankful that I decided to stay in trading.


Of course that is not the correct way and you can't really profit that way, unless the coins started to rise again. And you will only get a small profit, as compare to getting it when the price is extremely low. Patience is really the key here. We need lots of them. We should learn how to manage it so that we can profit in the future.