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micalith
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May 27, 2017, 06:41:12 AM |
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there there was a bottom. What do you all think? Are we in for one more sure for a deeper bottom, or has this been enough is enough?
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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dj_andreasgr
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May 27, 2017, 06:41:54 AM |
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has anybody concluded why alts and btc do not behave in inverse correlation? e.g. btc dives, alts dive more!
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r0ach
Legendary
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Activity: 1260
Merit: 1000
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May 27, 2017, 06:42:42 AM |
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The bitcoin market has never taken money from me besides the occasional transaction fee and whatnot, so I can't even imagine what it would feel like buying a $2800 bitcoin and the price immediately going to $2000, but I'm sure that guy is in this thread somewhere.
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ft73
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May 27, 2017, 06:42:48 AM |
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Good time to buy in my opinion.
Added another 0.25 BTC to my holdings.
Same here |
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exponential
Member
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Activity: 94
Merit: 10
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May 27, 2017, 06:47:56 AM |
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The bitcoin market has never taken money from me besides the occasional transaction fee and whatnot, so I can't even imagine what it would feel like buying a $2800 bitcoin and the price immediately going to $2000, but I'm sure that guy is in this thread somewhere.
I can remember buying coins pre-gox failure only to have them drop in value a large amount. It didn't feel great, but now I wish I could go back in time and buy more at the same time. At the end of the day, everyone who has ever held Bitcoin has made money. If you bought at $2700 and are sad about losing, 1. you shouldn't have invested in a crypto at the top of a parabolic rise and expected to see immediate returns if you can't afford to lose some. And, 2. just keep holding, no one who has held Bitcoin long term has ever lost money. |
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orpington
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May 27, 2017, 06:49:33 AM |
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There isn't any really strong reason for a bubble pop like on previous occasions, so I'm still sticking with the theory that this is a big and necessary correction. We've just entered the panic sell stage where the whales make their greatest profits. A bit more of that now I expect
yup whale season |
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r0ach
Legendary
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Activity: 1260
Merit: 1000
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May 27, 2017, 06:50:22 AM |
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It just broke into the $1800's on BTCE
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micalith
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May 27, 2017, 06:51:58 AM |
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There isn't any really strong reason for a bubble pop like on previous occasions, so I'm still sticking with the theory that this is a big and necessary correction. We've just entered the panic sell stage where the whales make their greatest profits. A bit more of that now I expect
yup whale season They're not gonna quit until Stamp $2k is broken |
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PoolMinor
Legendary
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Activity: 1843
Merit: 1338
XXXVII Fnord is toast without bread
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May 27, 2017, 06:52:39 AM |
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has anybody concluded why alts and btc do not behave in inverse correlation? e.g. btc dives, alts dive more!
Because alts are just tools. |
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orpington
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May 27, 2017, 06:55:11 AM |
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There isn't any really strong reason for a bubble pop like on previous occasions, so I'm still sticking with the theory that this is a big and necessary correction. We've just entered the panic sell stage where the whales make their greatest profits. A bit more of that now I expect
yup whale season They're not gonna quit until Stamp $2k is broken thats unlikely, I think they might be satisfied enough now |
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DaRude
Legendary
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Activity: 2782
Merit: 1810
In order to dump coins one must have coins
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May 27, 2017, 06:55:21 AM |
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On a bright side BTC dominance is back over 50% now
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JimboToronto
Legendary
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Activity: 4004
Merit: 4473
You're never too old to think young.
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May 27, 2017, 06:55:38 AM |
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Good time to buy in my opinion.
Added another 0.25 BTC to my holdings.
Same here Remember when we used to buy them 10 at a time? |
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SnokkomBTC
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May 27, 2017, 06:58:04 AM |
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has anybody concluded why alts and btc do not behave in inverse correlation? e.g. btc dives, alts dive more!
lol, if history always repeat you would be a billionaire man ;p |
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DaRude
Legendary
Offline
Activity: 2782
Merit: 1810
In order to dump coins one must have coins
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May 27, 2017, 07:01:13 AM |
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has anybody concluded why alts and btc do not behave in inverse correlation? e.g. btc dives, alts dive more!
lol, if history always repeat you would be a billionaire man ;p Frankly i was expecting them to drop more, any alt is more volatile than BTC, so in good time sheeple run to ALTs for bigger swings, in bad times sheeple run back to BTC for more stability. Higher market cap = less volatility |
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orpington
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May 27, 2017, 07:03:44 AM |
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whales finally got their fill, guys - time to load up!
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Chevas Regal
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May 27, 2017, 07:04:06 AM |
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Higher market cap = less volatility
Can you explain a bit what you just said. I feel that it contradict between BTC and ETH right now though the market cap is far different. |
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1115
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May 27, 2017, 07:08:07 AM |
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Good time to buy in my opinion.
Added another 0.25 BTC to my holdings.
Same here Remember when we used to buy them 10 at a time? I remember 2 at a time. I wasn't eating posh meatballs that week. |
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micalith
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May 27, 2017, 07:08:14 AM |
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There isn't any really strong reason for a bubble pop like on previous occasions, so I'm still sticking with the theory that this is a big and necessary correction. We've just entered the panic sell stage where the whales make their greatest profits. A bit more of that now I expect
yup whale season They're not gonna quit until Stamp $2k is broken thats unlikely, I think they might be satisfied enough now That would seem reasonable, yes. But whale dumping with panic dumping is ostensibly unreasonable and ruthless |
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DaRude
Legendary
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Activity: 2782
Merit: 1810
In order to dump coins one must have coins
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May 27, 2017, 07:10:12 AM |
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Higher market cap = less volatility
Can you explain a bit what you just said. I feel that it contradict between BTC and ETH right now though the market cap is far different. Ehh well a $10MM market sell would probably devastate a small market cap company, AAPL (apple) would barely notice it |
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ARTISTCOLONY
Newbie
Offline
Activity: 56
Merit: 0
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May 27, 2017, 07:13:59 AM |
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Good time to buy in my opinion.
Added another 0.25 BTC to my holdings.
Same here Remember when we used to buy them 10 at a time? yobit down too now glad i sold 90% around 2350 ... wait for dip  |
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