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Author Topic: Guess its time to stop investing crypto and go for work  (Read 2130 times)
sfa00076
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July 08, 2017, 05:27:04 AM
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This is obviously a bear market now.... Guess we just should go save up for purchase after months Lips sealed
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July 08, 2017, 05:51:21 AM
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Way too early for a bear-market. This is all a slight healty pullback.

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sfa00076
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July 08, 2017, 05:54:51 AM
 #3

Well before bear, all market goes to hype normally, which is observable for coins like ltc dash xmr.
This is a bear, if not how many percent drop would it be a bear? I would not invest in any single high market cap coin now
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July 08, 2017, 06:23:33 AM
 #4

Just know - while you are going to work, other people will be putting themselves in a position to get rich and secure their financial future by investing in cheap gems during this "bear market" you speak of  Wink

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July 08, 2017, 06:25:34 AM
 #5

You must be new here
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July 08, 2017, 06:45:39 AM
 #6

Reality struck upon the cryptocrap market. Inflated dreams coming to an end things bleeding slowly to death. 3-5 coins will survive
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July 08, 2017, 06:54:47 AM
 #7

Reality struck upon the cryptocrap market. Inflated dreams coming to an end things bleeding slowly to death. 3-5 coins will survive

Coins without real world use will die off, yes. But you're saying most of the coins with real world use, active developers, good communities are just going to die because of a correction? Blockchain tech is the future as well as crypto currency, I don't think it's going anywhere, experts  in finance would agree. The doom and gloom around here during every correction gets old.

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July 08, 2017, 07:45:25 AM
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Reality struck upon the cryptocrap market. Inflated dreams coming to an end things bleeding slowly to death. 3-5 coins will survive

Coins without real world use will die off, yes. But you're saying most of the coins with real world use, active developers, good communities are just going to die because of a correction? Blockchain tech is the future as well as crypto currency, I don't think it's going anywhere, experts  in finance would agree. The doom and gloom around here during every correction gets old.

Blockchain tech is much hyped up. Blockchain as a buzzword or as a technical implementation is used in order to attract money from every source. In 99% of the cases there is no need to have a blockchain or a tradeable public token in the first place. All that dapp talk for things that really do not need to be decentralized. You can dapp something and pick up 100  million in a week or you can make regular software and beg for money everywhere. Look at the bitcoin uncensored video with the Tezos guy. Sweating like an idiot not being able to come up with 1 single viable usecase....and what was the ICO?? 250 million???

The direction of the market does not shape my thoughts it's the bullshit machine, just like in the dotcom bubble, that surrounds and frames blockchain as the next big revolution that shapes my thoughts about it. It's full of empty promises and fairytail usescases that will never lift of. 99% of the coins are directionless and pointless scams without even having a working usecase that solves a real world problem. Even a fanatic like Vitalik is worried about that. The irrational boom in markets do not validate the legitimacy and useability of a coin or platform, it merely underlines the lack of knowledge and lack of rational thought of the people throwing money at this. Blinded by the bitcoin story, inherently afraid to miss the golden ticket. And sure...I bought all that crap in the beginning. But once you start to educate yourself instead of looking at a graph all day and parot the blockchain profets it becomes clear quite fast what kind of inflated hype this is.

As said. Tulips and madness everywhere.....and a lot of blockchain profets preaching blockchain as a miracle to fill their own pockets. Tulips were useless in the end and so 99% of the coins will be. The ponzi need to be fed new liquidity and the latter is not around the corner. There will also be no mass adoption due to the lack of a usecase for the mass.

That said. It's an ideal time to earn money from people believing all this crap...
Alttrader203
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July 08, 2017, 08:14:02 AM
 #9

Well this kinda sucks i am down 30%.
But, bot planning on selling. I think we will go up.

Just some stupid icos without a product creating a bubble. We put more than a billionaire n dillars in non existent things

Only bitcoin has value as digital gold, established. Others need to prove. There are good concepts thought, just need to prove to consumers/business they can help solve a problem

I am bullish long term. Short term: maybe another 10% down, then we go up.
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July 08, 2017, 08:26:07 AM
 #10

Well this kinda sucks i am down 30%.
But, bot planning on selling. I think we will go up.

Just some stupid icos without a product creating a bubble. We put more than a billionaire n dillars in non existent things

Only bitcoin has value as digital gold, established. Others need to prove. There are good concepts thought, just need to prove to consumers/business they can help solve a problem

I am bullish long term. Short term: maybe another 10% down, then we go up.

Yes,
Some stupid icos appeared from nowhere asking for other people money,indeed longterm for bitcoin always bullish.a healthy pullback always happened after long run bullish market,it happened because the pumper need to reload their amunition tp start pump it again.
It will die if noone supporting this or a system itself not active (die).

And many country tried to make a regulation for cryptocurrency,lets hope the best for cryptoworld because we're crypto ancestor lol,
So we can talk to our grandason that we're the one who's helping them to tell the world cryptocurrency is real.

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July 08, 2017, 10:21:57 AM
 #11

Crypto market is up 600%. OMG WE ARE ALL GENIUSES

Crypt market has 20% pullback

OMG LETS ALL KILL OURSELVES BEAR MARKET

Fucking kek
Drassler
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July 08, 2017, 11:00:37 AM
 #12

Hey sorry for intruding . Correct me if i'm wrong , but isn't this market drop actually a good thing ? Isn't this a healthy correction + an opportunity to invest in some coins like real cheap ?

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July 08, 2017, 11:06:54 AM
 #13

Hey sorry for intruding . Correct me if i'm wrong , but isn't this market drop actually a good thing ? Isn't this a healthy correction + an opportunity to invest in some coins like real cheap ?

Seriously? It's probably a good sign to stay out. Besides what is cheap when all is still an overhyped and insanely overvalued bubble
ciccas4
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July 08, 2017, 11:11:05 AM
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i think we are going too to see a bigger bear market,think is just the beginning..
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July 08, 2017, 12:10:33 PM
 #15

This is a great time to buy. It's only a matter of time before everything shoots back up again.

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Sikka157
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July 08, 2017, 12:22:32 PM
 #16

There is a major correction in the market right now. Crypto market cap dropped from a peak of 115 B to 90 B. Thats 21.7% down. I dont think it will go much lower. It is a great time to buy everyone. Smiley

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July 08, 2017, 12:29:10 PM
 #17

Buying cryptos is like buying stocks at the moment:
Buy them and take a long, long peaceful sleep.
Georgos
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July 08, 2017, 12:31:54 PM
 #18

Bear market, at the inverse of what you are saying, is the right time to buy devaluated coins and make a nice profit when it will have recovered.
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July 08, 2017, 12:33:20 PM
 #19

Altcoins have increased their values incredibly strong the first half of this year! This rise was absolutly crazy.
And there's definitely not any fundamentals behind that. Don't make the mistake and think you saw some huge influx of use adoption. That is definitely not the case. Zero!
So yes I agree this could be the beginning of a much longer correction many bears are waiting for.

Blue trade
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July 08, 2017, 12:35:56 PM
 #20

It's the time to invest in Shift. Thank me later Wink
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