Crypto Bloodbath

[magneto]

I do think that there is probably going to be another additional dump, even though that people think it's already bottomed out. Bitcoin prices are currenly way too crazy to be sustainable, even with the current prices after the adjustment from $2900. Though I do think that the floor is set in stone at $2000, even if it crashes hard, there is no chance that bitcoin is going to go down as low as sub-2000. It's just not possible right now, there are so many people wanting to buy bitcoin for cheap.

To be honest though, if the UASF goes well and the fees are lowered somewhat from the current situation, bitcoin is probably going to sustain this $2500+ price level. After all, there are a lot of long term holders already, and there are only so many bitcoins that are in circulation. Everyone wants to get their hands on one, and there are only so many that people are willing to sell.

[xypos]

Now is the time to buy the dip and fill yer bags.

It's probably not over yet.

I would say that the market will always over adjust, and right now it has adjusted, though still probably not quite enough. i wouldn't be surprised if bitcoin were to go down to a level that is say, $1800,$1900. Something along the lines of that.

When it does happen, as you said it'll be a great opportunity to buy in.

Always go against crowd sentiment.

[aesma]

It's time to short I would say. I'm both a holder (long term) and shorter (short term). That way I'm never disappointed !

The one who are suggesting others to dump their holding during large dumps like this can't be a long term bitcoin holder. 

Its time to open some long position in every alts which have huge daily trading volume, you can make really nice profit when this correction will be over.

I was only talking about BTC. And I was margin shorting. I made a nice profit when 2000€ was hit.

I'm not into alts though, I don't believe in them.

[Juggy777]

Now is the time to buy the dip and fill yer bags.

I feel there shall be further dip as we head to the august 1st Count down, I am expecting it to go below 2k and then bounce back to 2.5k so I would suggest to hold back your buying spree and buy when it breaks 2k. Though it's seems like it has formed some kind of resistance I feel it will yet fall, so let's see what happens if it falls or It doesn't in any scenario, I don't think right now is good call for buying, wait and watch.

[cafucafucafu]

Maybe it'll go down, nobody can really tell.

Bitcoin is simply way too volatile for anyone to predict what's going to happen. For example, there were a lot of people who were doubting that bitcoin will even break the $1000 level last year, and they accused bitcoin of being a speculative bubble in the mania stage when it was at $1300. Now though, everyone thinks that if bitcoin was at $1000, it would be extremely undervalued.

Yeah, if people think that bitcoin is going up and up, it's probably in its mania stage. However, there is nothing like this. A lot of people do think that bitcoin is going to crash, others believe that the price is just hanging around the $2500 mark. If you don't feel comfortable investing in bitcoin at this stage, then don't. Wait for an adjustment after 1st August.

[Pursuer]

Now is the time to buy the dip and fill yer bags.

It's probably not over yet.

I would say that the market will always over adjust, and right now it has adjusted, though still probably not quite enough. i wouldn't be surprised if bitcoin were to go down to a level that is say, $1800,$1900. Something along the lines of that.

When it does happen, as you said it'll be a great opportunity to buy in.

Always go against crowd sentiment.

when buying bitcoin in dips you should never wait for a drastic low price, instead you should buy bitcoin is steps.
for example after a major dip happened and 1-2 days went by with drops it is a good sign to buy in. but only invest a percentage of what you want to invest then if price went lower buy more and if it went higher you can still be happy that you bought at least something cheaper.

in any case waiting for low prices of $1800, $1000, ... is never gonna pay out.

[jorneyflair]

Now is the time to buy the dip and fill yer bags.

True, there is indeed a bloodbath happening right now.

If you look on the coinmarketcap front page you can see that most of the coins are down at least 5% today. Ethereum went down by 11%, which isn't surprising in my opinion at all.

It's interesting though that when bitcoin does nosedive, other altcoins are affected even more than bitcoin itself. This is demonstrated through the fact that the bitcoin dominance index has gone up even though bitcoin has went down. I actually do not think that bitcoin will go down below $2300. We might see something like another $100 price drop but thats probably going to be it. When it goes down to $2300 or less, people will be rushing to buy in, which means that coin price is going to go up. Furthermore, when the ETH craze dies down, bitcoin price is probably going to be positively affected.

[crazyivan]

It seems to me as if this dump s slowing down a bit, I think it s close to its end. I don't think we ll go below $2200 BTC. This is a scary period for newbies, I can bet they really feel uncomfortable seeing all those red candles.

Let me reassure you, we ve seen this before. After dump, there is always pump. Just hold and wait.

[electronicash]

No. I'd wait. Bitcoin price and Ethereum price is going to continue to fall for a while. Bitcoin's trend should be on a gentler slope, but Ethereum is bound to hit all-time lows. Literally, every website is having issues with transaction Ethereum and its system is in a complete mess. I hope this is not going to be the same when Bitcoin hits its hard-fork on August 1. Hopefully, Bitcoin reverses its trend and skyrockets after the fork.

Bitcoin is going to skyrocket after the fork, while Ethereum is going to vanish from the scene. What happened to Litecoin in 2015/16 will happen to Ethereum now. The ETH exchange rates were artificially inflated by removing a large part of the coins from free-float. With the prices crashing now, the ETH developers will start dumping their coins, which is going to accelerate the decline.

don't fool yourself. if you have plans to buy ETH its now. don't wait for it to die like how LTC did few years ago or you will wait forever. ETHER network had been the most successful in the entire crypto. none of the network ever did it before even the older once that existed before ETH had been struggling. ETH is here to stay.

i'd assume we're old enough to see BURST and NXT network which is populated by assets, how much are each of them up to now?

[xuan87]

Yeah the price fall down really sharp almost every famous alt coin also falling down, the market now is in very bad shape, I know it's the time to buy and stock, but yesterday I bought ETH and this morning the price fall down again, but that don't really bother me because I know ETH is good to buy now, I can see a good thing from ETH in the future and I predict it is one of the coin that can become really valuable

[Wendigo]

Buy the dump and sell the pump  Not the other way around 

[buwaytress]

Nothing any of us weren't expecting. Once more, the opportunity for people with money to get in on a price they can stomach. I'd be really, really surprised if Bitcoin pushes back to 3,000 so soon again. Now to look at the alts that haven't followed suit.

[aesma]

No. I'd wait. Bitcoin price and Ethereum price is going to continue to fall for a while. Bitcoin's trend should be on a gentler slope, but Ethereum is bound to hit all-time lows. Literally, every website is having issues with transaction Ethereum and its system is in a complete mess. I hope this is not going to be the same when Bitcoin hits its hard-fork on August 1. Hopefully, Bitcoin reverses its trend and skyrockets after the fork.

Bitcoin is going to skyrocket after the fork, while Ethereum is going to vanish from the scene. What happened to Litecoin in 2015/16 will happen to Ethereum now. The ETH exchange rates were artificially inflated by removing a large part of the coins from free-float. With the prices crashing now, the ETH developers will start dumping their coins, which is going to accelerate the decline.

don't fool yourself. if you have plans to buy ETH its now. don't wait for it to die like how LTC did few years ago or you will wait forever. ETHER network had been the most successful in the entire crypto. none of the network ever did it before even the older once that existed before ETH had been struggling. ETH is here to stay.

i'd assume we're old enough to see BURST and NXT network which is populated by assets, how much are each of them up to now?

I don't predict the death of ETH necessarily but I expect it to drop more, less than 100$ is very possible, I wouldn't put one penny in it at the moment, way too risky. This relatively slow crash can continue for days.

[pooya87]

whats happening with the crypto? although btc is decreasing its price, supposed altcoins increase in contrast it also decreases too.. 

whenever bitcoin price drops it also takes all the altcoin prices down with it. and it is also a perfect timing too. the altcoins have all been in fake big bubbles which their burst was initiated by bitcoin's drop. you can kiss most of them goodbye for now because they will die.

[DoublerHunter]

Now is the time to buy the dip and fill yer bags.

That is the right to do even until now because the price of altcoins and bitcoin is now in a cheap price and sooner or later it will have a green percentage again so it means that you are really earning money again. It is always buying low and selling high and there is nothing can change that principle because that is the most effective way to earn money in investment or trading.

[susila_bai]

No. I'd wait. Bitcoin price and Ethereum price is going to continue to fall for a while. Bitcoin's trend should be on a gentler slope, but Ethereum is bound to hit all-time lows. Literally, every website is having issues with transaction Ethereum and its system is in a complete mess. I hope this is not going to be the same when Bitcoin hits its hard-fork on August 1. Hopefully, Bitcoin reverses its trend and skyrockets after the fork.

Bitcoin is going to skyrocket after the fork, while Ethereum is going to vanish from the scene. What happened to Litecoin in 2015/16 will happen to Ethereum now. The ETH exchange rates were artificially inflated by removing a large part of the coins from free-float. With the prices crashing now, the ETH developers will start dumping their coins, which is going to accelerate the decline.

don't fool yourself. if you have plans to buy ETH its now. don't wait for it to die like how LTC did few years ago or you will wait forever. ETHER network had been the most successful in the entire crypto. none of the network ever did it before even the older once that existed before ETH had been struggling. ETH is here to stay.

i'd assume we're old enough to see BURST and NXT network which is populated by assets, how much are each of them up to now?

I don't predict the death of ETH necessarily but I expect it to drop more, less than 100$ is very possible, I wouldn't put one penny in it at the moment, way too risky. This relatively slow crash can continue for days.

I agree with you that investing in ETH is worthless as ETH is a pure scam, you can see the recent comment of the vitalik developer who is it self not interested in buying his own coin and just wanted to diversify his income to fiat currency and real world projects. Then why should we buy his coin and make him rich like a fool.

[mongkie]

a newbie here! i was pumped by this thread and it excites me a lot to push thru trading, but base on my own view, i think btc will fall to 2000 and  bounce back. iam still waiting for it to dump and ill buy it.

[Doms]

Anytime a currency loses about 30‰ of its value is a good speculative buy. But only buy with an amount that you are comfortable with as the next few weeks could prove to be a bumpy ride and a test on how the pricecis going to hold amid the issues with the hard fork. If the price also plummets at levels not seen in a year, be patient enough for it to recover and see lower prices as bargains waiting to be bought.

[Vishnu.Reang]

whats happening with the crypto? although btc is decreasing its price, supposed altcoins increase in contrast it also decreases too.. 

whenever bitcoin price drops it also takes all the altcoin prices down with it. and it is also a perfect timing too. the altcoins have all been in fake big bubbles which their burst was initiated by bitcoin's drop. you can kiss most of them goodbye for now because they will die.

I have also noticed this. Whenever the BTC prices go down by 2% or 3%, the altcoin prices do down as much as 10% or 15%. For example, according to coinmarketcap, BTC is down by 4% during the last 24 hours. But during the same period, ETH is down by 12% and XRP is down by 9%. This shows the extreme dependence which these coins have on Bitcoin.

[niisarearning]

I expecting some more fall down for some altcoin not really bitcoin . I am having eye on ethereum to reach 100$ and litecoin atleast for 20$-25$  and waves around 1.5$-2.5$ then i will bag some of these currencies and hold for long term .