Crypto Bloodbath

[pooya87]

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 .

for ethereum i have my eye on $10 to get in and for litecoin i am already in. because LTC is one of those coins that have been resisting very well against the on going drop and price is still high. and lets not forget that it has SegWit already activated
and the rest are just a big no.

[OROBTC]

...

Before today, I thought that the drop in Bitcoin prices (I only follow BTC as I am know little about Alts) might just be one of it's "little drops"
(up to a 10% decline).  

Now I am not so sure (well, I am NEVER sure of anything re BTC prices).  This might be the start of one of BTC's big swoons in prices, perhaps going down below (say) $1500.  Maybe it's just as well I have been unable to get any BTC here in Italy, I can wait and buy more BTC when I get home.

But, in the three + years I have been involved with BTC, a Buy & Hold has always worked given enough time.

[buwaytress]

for ethereum i have my eye on $10 to get in and for litecoin i am already in. because LTC is one of those coins that have been resisting very well against the on going drop and price is still high. and lets not forget that it has SegWit already activated
and the rest are just a big no.

That's quite a chance you're taking! Though I suppose even at $10 it would still be above its low of less than 7 months ago. Yeah, LTC is really good for its money, as you say, one of the few coins to have not followed BTC's rise and fall. That says a lot for its independent value.

[The One]

Btc from now to August 1st is at the nervous stage. Many newbies don't have a clue. Experience buyers are holding because they have bought below $2000, $1500, $1000 and in no rush to sell. Some may be hedging their bets based on how one thinks what will happen on Aug 1st. If segwit plus 2mb is set in stone and successful, no devious backtracking by Core developers or any other charlatans groups/individuals, then i would expect Btc to be within $2800 to $3100 range after August 1st. For now the market price discovery is going to yo yo a bit until then.

[d5000]

@The One: I mostly agree - volatility will be high in the next weeks until the first act of the Segwit2x drama is "locked in". The pretty "bland" downmoves of the Bitcoin price gives me some hope that it - in the case of BTC - won't be too bloody, however - maybe even the $1850 low holds fine until mid-July, when I expect a new attack on $3000 after Segwit is locked in.

What surprises me is the hard crash of Ethereum. I had expected other altcoins like Ripple and Dash to crash much harder, but it's ETH that is really falling down like a rock.

[The One]

@The One: I mostly agree - volatility will be high in the next weeks until the first act of the Segwit2x drama is "locked in". The pretty "bland" downmoves of the Bitcoin price gives me some hope that it - in the case of BTC - won't be too bloody, however - maybe even the $1850 low holds fine until mid-July, when I expect a new attack on $3000 after Segwit is locked in.

What surprises me is the hard crash of Ethereum. I had expected other altcoins like Ripple and Dash to crash much harder, but it's ETH that is really falling down like a rock[/i].

ETH - Jan 1st 2017 $698,149,000. Peaked at June 14th $36,761,600,000. Basically a rise of $36,063,451,000 because of

Are you really surprised? ETH going to fall much further once BTC get sorted and the "civil war" ends. Who is gonna use ETH? Couple of Geeks. Eth too complicated and messed up for an average person to understand, whereas BTC is easy to understand. Dash, Ripple bubbles is smaller, so less downside.

[Kprawn]

@The One: I mostly agree - volatility will be high in the next weeks until the first act of the Segwit2x drama is "locked in". The pretty "bland" downmoves of the Bitcoin price gives me some hope that it - in the case of BTC - won't be too bloody, however - maybe even the $1850 low holds fine until mid-July, when I expect a new attack on $3000 after Segwit is locked in.

What surprises me is the hard crash of Ethereum. I had expected other altcoins like Ripple and Dash to crash much harder, but it's ETH that is really falling down like a rock.

The big guns are scaring off the newbies and buying up all the "panic coins" ...... We see this happening over and over again. The speculators are

very nervous and they set their triggers when there are sudden drops in the price and the big whales knows this. The bots kick in and the panic

sell starts with a downward spiral and then the whales pick up the cheap coins. This is great for people like us, because we love all these cheap

coins. { The whales also knows what is going to happen after the 1st of Aug and they create this drop to pick up the last cheap coins, before

this thing goes to the Moon }  

[TrissMerigold]

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

lol i dont trust eth anymore also that fricking coinbase scammer , yes buying btc on 2400 is great idea , now just looking for another pumping for gods sake its not reach 2600 yet and im waiting this moment like i wanna dump all my money to invest in better alts , hopefully we will see great news soon 

[erickkyut]

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

this is the right time not to panic but instead, be happy because you can buy lots of coins at cheap price. Buy now and wait till it pumps again and by that time, you will earn profit. you need patience in trading. maybe after the segwit2x has locked in, Bitcoin price will again stabilized.

[qiwoman2]

I wouldn't cash in all my portfolio, that would be a mistake, but if any of you are in profit, sell off some and take some winnings, then leave the rest in, then when Bitcoin or alts drop even further, which I am sure they will over the month of July, just buy back in and grow the bags bigger I think.

[Singwala]

Crypto bloodbath,Red days and other name when all leading altcoins.
Its normal on trading so don't panic you should always be patience because there's a red days and also green days what we do right noe is to hold our coins. be patience, and take coffee and watch your coins grow and low. 

[jc89]

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

I also believe it is. Buying now when the price is somewhat low is a great opportunity to people who would want to buy more Bitcoin. By buying at a smaller amount, if the price spiked high then a major profit is very likely. Buying in the dips is always a good strategy. And by holding your coins within the correct time span, you will surely gain much than you anticipated.

[coolcoinz]

...

Before today, I thought that the drop in Bitcoin prices (I only follow BTC as I am know little about Alts) might just be one of it's "little drops"
(up to a 10% decline).  

Now I am not so sure (well, I am NEVER sure of anything re BTC prices).  This might be the start of one of BTC's big swoons in prices, perhaps going down below (say) $1500.  Maybe it's just as well I have been unable to get any BTC here in Italy, I can wait and buy more BTC when I get home.

But, in the three + years I have been involved with BTC, a Buy & Hold has always worked given enough time.

If you check the charts you'll see that Bitcoin has always jumped high, and dived after breaking ATH, but the dive has always ended above the starting point of the pump.
It's been going on for years. If it's another one of these moves we'll stop somewhere above $1200, and start going up again, but we could as well start going up from a higher level, like $2000 because the confidence in cryptocurrencies is rising.

[HeRetiK]

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

Still not bloody enough, this correction is nothing so far. Waiting on the sidelines for this one.

[Minecache]

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

Still not bloody enough, this correction is nothing so far. Waiting on the sidelines for this one.

You might miss out on some cheap coinage. Only a couple of days until Australia legalises Bitcoin.

[Siren]

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

Still not bloody enough, this correction is nothing so far. Waiting on the sidelines for this one.

You might miss out on some cheap coinage. Only a couple of days until Australia legalises Bitcoin.

I think we still have the final push before the dreaded Aug 1. Australia will be joining and I'm sure that there will be a positive impact on the price. Couple more days to go and we are going to be amaze again by bitcoin, its power to recover and bound back even greater. Just watch out for it.

[coolcoinz]

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

Still not bloody enough, this correction is nothing so far. Waiting on the sidelines for this one.

You might miss out on some cheap coinage. Only a couple of days until Australia legalises Bitcoin.

I think we still have the final push before the dreaded Aug 1. Australia will be joining and I'm sure that there will be a positive impact on the price. Couple more days to go and we are going to be amaze again by bitcoin, its power to recover and bound back even greater. Just watch out for it.

Not days.. It's going to be weeks if you're waiting for SegWit. I'm very positive about Bitcoin going up again this year, but it may go down a lot if people who bought in the recent breakout start panicking. I think the total bottom from which we've started is right above $1000 and this is a very probable bottom if we repeat the 2013 pattern.

[European Central Bank]

ETH - Jan 1st 2017 $698,149,000. Peaked at June 14th $36,761,600,000. Basically a rise of $36,063,451,000 because of

that is a genuinely insane figure when it's laid out like that.

all that money being thrown at something with that screwy a past just goes to show how nuts it all really is.

[Boat4Sale]

ETH - Jan 1st 2017 $698,149,000. Peaked at June 14th $36,761,600,000. Basically a rise of $36,063,451,000 because of

that is a genuinely insane figure when it's laid out like that.

all that money being thrown at something with that screwy a past just goes to show how nuts it all really is.

That is crazy, but aren't banks using Ethereum now? that's probably where all the money is coming from!

And it looks like the bloodbath is over, I think it was just a market correction (which is good) and now we are going to da moon 

[European Central Bank]

That is crazy, but aren't banks using Ethereum now? that's probably where all the money is coming from!

no. that's one of the pervasive myths that people like to use to pump.

no bank is ever gonna use an alt that's exposed to an open market, same goes for xrp, especially markets as rigged as the crypto ones. what are they gonna do, get on poloniex and buy buy buy if they need to complete someone's bank transfer if they ran out of ethereum? that's ridiculous.

they'll use the code and adapt it for their own purposes but try telling that to the pump zombies.