Crypto Bloodbath

[ActiveP]

It's been a while since bitcoin had a major price correction. A 15-20% dip is normal, the people selling because of panic or FUD are those that bought at $3000.

This is a good time to buy, $2000 is a dream and elusive, this slump is temporary and the price will rise above the previous high in a week or two.

[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?

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.  

It takes a couple of days to wire the fiat to other exchanges. Coinbase I have the app linked to my bank.

[Rahar02]

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

Indeed, bloodbath everywhere maybe started from ethereum price, I mean big dump from this coin influence people to sell their coins as well. To secure their funds which already get profits? To avoid too much loss in this competition? Or, people want to invest on bitcoin at the right time before August 1st, as its price could be skyrocket again in the next month.

[sock_info.doNOT.send.$]

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

Local Bitcoins is one choice. There are many ways depending on your risk level.
You could sell a service, or something, depending on what you like to do.

• Play the ETH Bubble game = Make a decent presentation, call yourself a CEO, and people will be throwing money at you...

Oops are we allowed to say that on this side of the forum?
Sorry guys.   

[DOGE12321]

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.

[Weatherby]

It's been a while since bitcoin had a major price correction. A 15-20% dip is normal, the people selling because of panic or FUD are those that bought at $3000.

This is a good time to buy, $2000 is a dream and elusive, this slump is temporary and the price will rise above the previous high in a week or two.

Even if there is a bigger slip up in the price of bitcoin,i would really hold till i get my moneys worth,one thing is certain when i am trading ,i will never sell my coins at a loss because i am pretty sure that it will come back to the old valuation at a later stage and only litecoin took a longer time for recovery from its old valuation,pretty much the rest of the coins have risen almost all of the time.

[DOGE12321]

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.

Coinbase is not the only website in which you can buy Bitcoin, Ethereum and Litecoin. You can buy Bitcoin, Ethereum and Litecoin from Coinspot. I have used Coinspot and my transactions have all gone well.

Another site to buy Bitcoin is https://localbitcoins.com/. I use this site for both buying and selling Bitcoin. It is similar to a forum in that each individual merchant can post their separate sales. Purchasers can choose from a wide range of choices to buy Bitcoin
 

[GreenBits]

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

Local Bitcoins is one choice. There are many ways depending on your risk level.
You could sell a service, or something, depending on what you like to do.

• Play the ETH Bubble game = Make a decent presentation, call yourself a CEO, and people will be throwing money at you...

Oops are we allowed to say that on this side of the forum?
Sorry guys.   

Try Abra, I'm trying it out now. It's an Android app, there is most likely a Apple counterpart. Links right to your bank account, does the 3 day ACH thing just like Coinbase. LBC is always a good choice, but it's hard to find a decent rate when the price is volatile.

Has anyone considered pegging to digital gold? Gold is never this volatile.

An ATM isn't a bad idea right now either, if you live near one. Even if you have to make a trip, it might be worth it

[European Central Bank]

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.

uh, can you point me to the mania? where's the talk of bank loans and buying lamborghinis? people have been dissing this rise all the way from the mid hundreds.

if you want mania then check an ethereum forum.

[ranreichman]

Because crypto is going to be huge, the best investment policy is putting in cash every several weeks and hodling forever.

[pooya87]

Because crypto is going to be huge, the best investment policy is putting in cash every several weeks and hodling forever.

don't generalize. bitcoin is the only one that has proven to stay strong over the years and altcoins also have proven that they fail at every turn. whether it is price or it is a proper network.
so if you want to "put cash in" then do it in what matters not useless junk that are around today and may disappear the next.

[Zadicar]

Its not actually a bloodbath because 10-20% decrease on the amount of bitcoin is just really a normal thing on this ecosystem and price corrections do really happen on it since we do know that bitcoins price is too volatile but yet this is the best time to buy more cheap bitcoins because later on it will climb up again and with that we can really make proits out of that movement.

[jaysabi]

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.

uh, can you point me to the mania? where's the talk of bank loans and buying lamborghinis? people have been dissing this rise all the way from the mid hundreds.

if you want mania then check an ethereum forum.

He's right about the mania. Every other post in this thread is about how great of a time it is to buy because the price is dropping and everyone posting sentiment like that believes it is garaunteed to go back up. Nothing could be further from the truth. Nothing is garaunteed about price,  and ultimately you could make money if you buy now, but if you're doing so because you think you're guaranteed to make profit, you're just a lucky idiot.

[BartS]

Its not actually a bloodbath because 10-20% decrease on the amount of bitcoin is just really a normal thing on this ecosystem and price corrections do really happen on it since we do know that bitcoins price is too volatile but yet this is the best time to buy more cheap bitcoins because later on it will climb up again and with that we can really make proits out of that movement.

That is not really the issue at all, bitcoin lost some value, the issue is that almost every crypto has lost a great deal of value in a very short amount of time, in fact bitcoin is doing way better than most altcoins and that is not a surprise since altcoin are more volatile.

[Netnox]

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.

[iamTom123]

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!

Well, as they always said, in every crisis there is always an opportunity...an opportunity to start anew, an opportunity to make some money and an opportunity to learn big lessons in life.

The current dip is not the first nor will it be the last. This is the opportune time to beef up one's chest of coins and hopefully make big money when Bitcoin can be back towards the growth track and that is definitely coming soon in a few days only. We already know the history of Bitcoin (and other coins for that matter) and how it can behave.

There would be a barrage of good news coming for Bitcoin and after August One the sky would be so clear so that Bitcoin can be ready to soar again to new heights never been seen before. Unprecedented growth is coming to Bitcoin because India has already recognized Bitcoin and this is a very big market for cryptocurrency.

[Siren]

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.

LOL. I thought ETH developer are now trying to be active again. But yeah, I think ETH will fall really hard now. I think they are artificially inflated and because of those ICO's that offer ETH as options to invest. Investors are trying to get out of ETH now, before they are trap and lost their money.

[aardvark15]

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

The price will probably go lower but you are correct, we should start buying soon. We're probably starting a correction and we could get some Bitcoins and altcoins cheaply.

[BrewMaster]

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.

that may be, but the main reason is because of the ICOs and the fact that people were forced to use ether to buy them and nothing else so they kept buying ether to invest in these ICOs and price went up.
but these tokens didn't vanish they are all in the pockets of ICO devs and these devs will want to cash it out soon and when they do the price crashes.

[hajimasan]

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

I also thinks that we should buy the Bitcoin and also other coins like ETH dash because there are arise a big down rate in the current days and as we all knows that the price will speedly rise once again after the system solution of technical problems .
So here we should don't loose this opportunity.
If I can tell my profit then ofcourse I made 0.1btc profit with the eth in less then24 hours , because I bought the ETH at rate 0.095 btc and then this morning sold at high 0.11+ btc of value 1 btc
And made a big profit in my life with ETH .
So my suggestion for everyone that don't loose any type of the opportunity this pump and dump in the price of the Bitcoin and other coin .