Crypto Bloodbath

[Minecache]

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

[mundang]

As expected this is the right time to buy cheap btc. Or should we wait for the price to go below than 2000$.
I have this feeling that bitcoin will go down near 2000$ this week.

[iamTom123]

I have been watching my wallet in Bittrex changing the numbers and it is not good because they are going down fast as Bitcoin and almost all other coins getting red...a tidal waves of reddish water is now drowning the cryptocurrency market. However, I am "hodling" on because I am sure that soon it would go around and the surge movement can be back. This must be an advanced expression of fear for the August One event.

And yes, definitely for those who still got the money, it is time to buy big time as the coins are in their low value. It is as if we are having a Midnight Sale and all coins are offered on very good discounted rates. However, I can sense that people are still waiting for coins to go down further before making the move.

Once there would be a buying momentum then we can be back in the road for more growth. This is quite normal in traded items where value can go either ways. Holders of coins should just wait for the storm to get pass.

[Scorpion]

It's a really good time to buy up crypto but it's not really a bloodbath though consider that BTC, ETH, LTC and a lot of other cryptos are still higher now than it was a month ago.

[mk4]

for sure! most of the people holding crypto are panicking and selling their crypto, as if these kinds of dips hasn't happened in the past. Don't they know the holy term "HODL"? 

One thing's for sure, everyone shouldn't be bothered by this. why? More chances on grabbing cheap crypto!

[ethereumhunter]

yes i think its the right time to fill our bags with bitcoin and altcoin, but for bitcoin, i think we need more time to see the price is reach the bottom then we can buy bitcoin with cheap price. its sadly to see that in the market, especially in polo, almost altcoin has red flag and the price is down and not just altcoin is down, but bitcoin price is down too. be patience if we want to decide to buy bitcoin because i think the price will down again. HODL is a holy word that we can do while we see the price is going to down like now and we don't need to gets panic like other people.

[BillyBobZorton]

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

This was meant to happen. We've had a massive influx of newcomers recently, and newcomers expect easy gains, so at the slightest drop they would panic sell. Now it's a great time to take advantage of the panic selling newbies and buy some dips. Most newbies haven't realized yet that nothing will happen in august 1st anymore.

[Bitbullterrier]

Awesome.. time to back up that truck

[Duzter]

Agreed, this is the right time to buy back as much possible, because when the price pumping gets initiated we won't be getting such low value with which we can make a buying. Mostly when the fluctuations move forward we may cross the $3000 line in a short time period.

[BitFinnese]

It seems people gone impatience of waiting for a quick profit.  Most new users in cryptocurrency think that it is very easy to get profit from trading cryptocoins/tokens.  So they jump into investing buying different coins and waited for it to increase in price.  But the truth is they need to wait for a while and the worst is if they bought the coins at its peak and started to decline.  As a result, seeing their investment reducing in value, they will sell to cut loses thus price crash even more.

[ethereumhunter]

It seems people gone impatience of waiting for a quick profit.  Most new users in cryptocurrency think that it is very easy to get profit from trading cryptocoins/tokens.  So they jump into investing buying different coins and waited for it to increase in price.  But the truth is they need to wait for a while and the worst is if they bought the coins at its peak and started to decline.  As a result, seeing their investment reducing in value, they will sell to cut loses thus price crash even more.

many of new traders don't want to be patience and once they see that they loss the value, they will make selling order with fast and they don't thinking to hold for a while. if we sell right now while the price is down, then how long we can survive in trading because we only make cut loses and we can not make profit at all. its only a matter of time to see the price will be back soon.

[Minecache]

Right now the hodlers and not outweighing the sellars but I'm still buying.

[dissident]

I believe the bubble has burst and have cashed out 30% of my remaining altcoin holdings earlier this morning when Gemini was giving nicer prices than the other exchanges. Time will tell if I'm right. Even if I'm not, there will be future opportunities regardless of market cap.. I don't feel like I missing out, but rather making a responsible move based on the technicals.. going from $20B to $100B in a couple of months.. everyone likes to think "this time it's different" but I have yet to run into such a circumstance where it actually was different. I saw this coming a couple of days prior and didn't cash out like I should have.... we broke through the uptrend and that's it... the lower line is now resistance from where we should see a dead  cat bounce, and then further plunging.  The whales were very close to keeping the bull run going but couldn't muster it after the 4th time testing the previous top.   Now we will "fill in the gap" as they call it. There's simply nothing at all bullish about the current chart.

[unusualfacts30]

ETH dropped to $0.10, I think that might have caused red alert for investors. Altcoins will follow bitcoin as people panic and sell more. My guess is, it'll dip below 2k before we see another jump to 3k+. Apparently, coinbase is down

[OROBTC]

Right now the hodlers and not outweighing the sellars but I'm still buying.

Buying Bitcoin (as an American) is pretty hard to do in Italy, else I too would be out buying at least a little.  My credit and debit cards won't allow me to buy from here.  The BTC ATM that coinatmradar said was in Turin apparently is NOT.

I might try my VPN (connect to a US server) and see if that works.

General comment on BTC pricing: yes, even if BTC were to go to $2000 or lower (from the $2380 or so it is at now), I think almost all of us have seen that it is no real problem as long as you HODL long enough, BTC almost always exceeds its down moves "bigly".

[Scorpion]

ETH dropped to $0.10, I think that might have caused red alert for investors. Altcoins will follow bitcoin as people panic and sell more. My guess is, it'll dip below 2k before we see another jump to 3k+. Apparently, coinbase is down

You're right I think it's just Monday morning reacting to the media's coverage of the ETH flash crash. They didn't really do a good job reporting it and most people think it really did drop to $.10 (the actual value) - they could have really re-enforced the fact that it happened in a few seconds and on one exchange.

Side note: I am very upset with Coinbase being down everytime it's a good time to buy up BTC, ETC, LTC.

[kadscuk]

I believe the bubble has burst and have cashed out 30% of my remaining altcoin holdings earlier this morning when Gemini was giving nicer prices than the other exchanges. Time will tell if I'm right. Even if I'm not, there will be future opportunities regardless of market cap.. I don't feel like I missing out, but rather making a responsible move based on the technicals.. going from $20B to $100B in a couple of months.. everyone likes to think "this time it's different" but I have yet to run into such a circumstance where it actually was different. I saw this coming a couple of days prior and didn't cash out like I should have.... we broke through the uptrend and that's it... the lower line is now resistance from where we should see a dead  cat bounce, and then further plunging.  The whales were very close to keeping the bull run going but couldn't muster it after the 4th time testing the previous top.   Now we will "fill in the gap" as they call it.

You sound like a total newb if im honest with no understanding of whats actually happening

Thanks for selling, easy money for me

[YuginKadoya]

I have been watching my wallet in Bittrex changing the numbers and it is not good because they are going down fast as Bitcoin and almost all other coins getting red...a tidal waves of reddish water is now drowning the cryptocurrency market. However, I am "hodling" on because I am sure that soon it would go around and the surge movement can be back. This must be an advanced expression of fear for the August One event.

And yes, definitely for those who still got the money, it is time to buy big time as the coins are in their low value. It is as if we are having a Midnight Sale and all coins are offered on very good discounted rates. However, I can sense that people are still waiting for coins to go down further before making the move.

Once there would be a buying momentum then we can be back in the road for more growth. This is quite normal in traded items where value can go either ways. Holders of coins should just wait for the storm to get pass.

Really good analysis in the movement of bitcoin, there are many users that are in a panic mode in selling bitcoins then many are asking for the price to return to the graveyard of a price so they can have cheap bought on bitcoin, and yes the impending August 1 is really a bother for many, and I also though that the $3000 price mark would surely last and would go straight to a $3500 of something, but it is just a big resistance, I am still holding in my coins and just like you waiting for the tide to turn.

[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 !

[~Bitcoin~]

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

Yes you are right, this is perfect shopping time and you can buy any of the top alts along with some bitcoin to be in profit within next few days or weeks. Easy profit is out there, grab it whatever you can.