Crypto Bloodbath

[AK47-]

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 !

Yeah I did day trading during this time and made a good profit. This is the best time to do some short term trading for easy profit. But be wise with the choice of coin.

[Low Sigma]

What were you guys expect to happen? Go everything straight up? Of course there will be some corrections.
Adjust your positions if you can't handle it.

[jekjekman]

Yeah great time to buy crypto currency it is when it is in dip but only good for the fiat or newbies that has no coins yet. But for those who have already(like me) had it and not enough FIAT to take part of the buying with this dip is so frustrating.

How can you even buy Alt coins when you already have it, better to sell it then buy other? but they are all in dip now. Can't do anything but to watch them go down like a building that has been bombed.

[SONG GEET]

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.

[d5000]

This "blood-laden" north wind comes clearly from the altcoin side. The alt bubble simply popped - Ethereum's Flippening dreams failed definitively and now people are slowly getting it, triggering panic sells.

Bitcoin is doing quite well still. Not even the $2150-2200 intermediate low from mid-June is in danger for now. So in my opinion the slight downtrend in BTC is caused by altcoin sellers that go back into fiat using BTC as an intermediate currency. When the first selloff wave ceases, then BTC maybe even could go up again.

[lite]

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.

Already bought some! if BTC goes below $2100 i would likely borrow some money and buy more! i think i got last chance to buy bitcoin in $2000 range, it's gonna take off and then i would wish that i should've bought more lol.

[oktana]

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.

Already bought some! if BTC goes below $2100 i would likely borrow some money and buy more! i think i got last chance to buy bitcoin in $2000 range, it's gonna take off and then i would wish that i should've bought more lol.

I never thought like that, every day is a good time to buy bitcoin because the current price is very standard and the possibility to go up is huge. Normally I do not buy 1 btc, just buy in small quantities, I never wait in this case.

[darkangel11]

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.

It won't go below $2000. You're not the only one waiting for it to happen, and guess what, there will always be a bunch of people who will try to outsmart the rest and set their orders at $2100 and above and catch those coins that idiots are selling. I'm saying idiots, because you have to be dumb to sell when it's about to hit a big wall that will make it bounce back.

[freak1]

Where do we buy now that Coinbase is down? Only been using coinbase and mining till now.

[Lorilikes]

Why is it that I am, once again, on the "I am losing my ass" side of the market?  Lol! I just need to choose more wisely when to invest! Those of you in a strong buying position, congratulations!

[swogerino]

I have bought too. I think the crash is happening because many people are with their hands shaking from fear of losing, especially the miners, electricity is the same, cost of miners is the same and their daily income is down. They are in a critical situation and many of them will think to sell their miners. Congratulations to who bought bitcoins at a dip.

[Minecache]

Trying to buy more BTC and ETH but Coinbase offline. This is golden opportunity to top up the bags on the cheap. Anyone have any luck?

[TrumpD]

If it truly crashes it's going a lot lower than this, this is hardly a crash, $2000 and below is still possible. Volatility like this is normal in bitcoin. If you have been around for a few years this will be nothing new but to the new members the sudden price drop could be worrying.

[darkangel11]

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.

Already bought some! if BTC goes below $2100 i would likely borrow some money and buy more! i think i got last chance to buy bitcoin in $2000 range, it's gonna take off and then i would wish that i should've bought more lol.

I never thought like that, every day is a good time to buy bitcoin because the current price is very standard and the possibility to go up is huge. Normally I do not buy 1 btc, just buy in small quantities, I never wait in this case.

Not every day is good to buy. If the price is dropping like crazy, it's better to wait and see how low it gets and that's also a rule if you're buying in low quantities.
If you buy without thinking you'll have less coins and you'll have to wait longer to profit. Obvious, right? There's that investment saying, don't catch a falling knife.

[BillyBobZorton]

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.

It won't go below $2000. You're not the only one waiting for it to happen, and guess what, there will always be a bunch of people who will try to outsmart the rest and set their orders at $2100 and above and catch those coins that idiots are selling. I'm saying idiots, because you have to be dumb to sell when it's about to hit a big wall that will make it bounce back.

$2000 is too strong, as you pointed out, too many people waiting for it to go to $2000, so the closer we get to $2000, the higher the chances it will start going up again. People aren't idiots and they are waking up to the importance of having a good bitcoin position for the future. "Buy the dip" has proven to be the winning strategy since the inception of bitcoin.

Limited supply and increasing demand: It will never stop going up.

[leopard2]

sell sell sell Bitcoin is dead for sure this time, ETH back to $10, LTC back to $4....

remember that whales become big by eating tiny fish, same here LOL  

[slowlii]

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.

Yes mee too. But this is okay because we can't expect bitcoin to rise all the time. There will be pump and dumps as usual.

$2000 target is very reasonable.

[RedditMaster]

The chart doesn't look too pretty right now. In fact, it looks like the bubble is popping. It had to happen at some point.

[shinratensei_]

Trying to buy more BTC and ETH but Coinbase offline. This is golden opportunity to top up the bags on the cheap. Anyone have any luck?

Why are you not trying to buy through another exchange site? I've bought some ether that gives me decent profit if the eth gets rebound asap.

The offline of coinbase just gives the more bad impact to this condition of crypto itself. Looks the rebound already started.  

[Numbers]

$2000 is too strong, as you pointed out, too many people waiting for it to go to $2000, so the closer we get to $2000, the higher the chances it will start going up again. People aren't idiots and they are waking up to the importance of having a good bitcoin position for the future. "Buy the dip" has proven to be the winning strategy since the inception of bitcoin.

Limited supply and increasing demand: It will never stop going up.

Bitcoin is quite possibly in its mania phase of this current bubble.  The idea that it will never go down in price is proof of that. Nothing goes straight up forever.

Never buy any "investment" when it is at all time highs. You sell at all time highs and buy something with promise that is near all time lows. Bitcoins purpose is not to be an investment, its a currency. Currencies facilitate trade and are meant to circulate. Buying something with no intrinsic value and holding it long term in hopes that it will increase in price, is little more than gambling.

One day another currency will take the shine off of bitcoin or perhaps Bitcoin will become commonplace and with the novelty worn off it will settle to a price much lower than we are seeing now.

One day corporations may issue their own currency, a company like Amazon would instantly gain millions of users for its own digital currency and massive media coverage.  You can bet they are looking into it and in the meantime keeping a close eye on Bitcoin to see how people react to it.

Either way its not a straight up trajectory in price for ever.

All markets rise and fall. The crypto market is no different. Bitcoin may be able to meet some or all of those challenges, time will tell. But rest assured, there will be challenges.