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Author Topic: 🥊Blood on the street  (Read 2812 times)
The Sceptical Chymist
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July 11, 2017, 11:10:51 PM
 #41

Well what do you expect when you invest in throwaway coins, which is what most shitcoins are?  And what do you expect from a market that has historically had more volatility than any other market I can think of?  Yeah, you're in for a bloodletting on occasion.  Next time use a stop-loss order or something to stanch the flow.  Or stick a crypto tampon in it and hope for the best.

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July 11, 2017, 11:28:41 PM
 #42

My 7.2 BTC alt coin investment is now 3.7 BTC but am confident that it will recover sometime next month. I just wish that I had waited for this crash before I invested that money. I could've purchased twice as many coins. Live and learn Smiley

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July 12, 2017, 12:53:38 AM
 #43

Just keep on HOLDING be patience don't panic if you see red on alts.
there 3 reasons in my mind why they are so much red numbers right now.

1. the summer - people enjoying their life and not hanging around forums.
2. the ICO marathon just stopped
3. people not sure about the segwit adaptation for bitcoin. and the ethereum transaction/miner problems the step to pos. (those 2 coins are still the biggest on the whole cryptomarkets - and this affects for sure the whole market).
we are enjoying the low, because now starts the time where it makes sense to keep your eyes open for possibilities to positionate your next big positions in your longterm investemens, Its a great chance to prepare some fresh money to get into crypto.
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July 12, 2017, 06:03:32 AM
 #44

to much emotions.
If you were in it for quik profits, you should of sold everything, if you're a long term holder, you shouldn't even worry about this, go on with your life and once in a while check prices, dont worry about that shit to much.

Good advice. It's easy to get emotional, and the worst thing anyone can do is panic-sell. For long-term holders, don't worry, everything will turn green again. If you have the nerve and the ability, you can sell and re-buy lower; if you don't want to risk it, then just hold instead.

There is better to come, but always remember - the higher the prices go, the more the drops can hurt. If you had 10k and it's dropped to 5k... then if the next bull takes you to 100k, a similar % bear means a drop to 50k. The higher the ride, the stronger the grip required.

But everyone is expecting a big decline in August.

How can we know if this is just the start of a bigger fall?


We can't know. Is the Bitcoin civil war fully priced in now? I'm optimistic that SegwitX2 will prevail, and the bull will return shortly after July 21st... but this is only my uneducated guess. And what about ETH scaling? Will the price continue to fall until Casper? Or past then? Or has the recent whole-market drop relieved some of the ICO insanity and eased the pressure on ETH? We can't know for sure.

So if we can't know whether or not the decline will continue, we have a number of options:
a) no risk - cash out to fiat, forget about cryptos for a while and maybe come back later;
b) risk and reward - if you think prices will continue to fall, then sell and buy back more at a lower price, and repeat until the fall is over;
c) long-term hold - if you have faith in the long-term value of your coins, and don't want to risk short-term trading, then just hold, and stop checking the prices - dips come and go, crypto is volatile.

Personally I'm c with some b. I've increased my total coins during the drop, but not by a huge amount. I could have increased my stake more, but only if I'd taken more risks.
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July 12, 2017, 08:07:42 AM
 #45

I  did OK.. I mostly got out before the charts said we popped.  Buying at these high levels after such a massive run is a rookie mistake.  Getting emotionally attached to an investment is another.  Buy low, sell high.
Investment is always associated with high, low sales. We always want to buy bitcoin at low prices and sell at high prices. Buying low and selling high is what investors expect. I store bitcoin and always keep track of their prices. If I'm high, I'll sell a bit for the cost and will buy at another time.

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July 12, 2017, 08:15:55 AM
 #46

Sold 20% of my stash @ 100 Billion marketcap. Looking back I should have sold more though.  Cool
This deep correction was to be expected with so much hype going around. Roll Eyes
We had a very (unhealthy) parabolic bull run upwards in the last few months.

Got in the cryptomarket @ 20 Billion marketcap, so I am not too worried (yet).
Most of my holdings are for long term investment.
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July 12, 2017, 08:18:01 AM
 #47

the title is a very good thing . Wall Street Vs blood on the street .

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July 12, 2017, 09:16:15 AM
 #48

My 7.2 BTC alt coin investment is now 3.7 BTC but am confident that it will recover sometime next month. I just wish that I had waited for this crash before I invested that money. I could've purchased twice as many coins. Live and learn Smiley
This year many holders are rewarded, this is not the last time im sure.
Just keep on HOLDING be patience don't panic if you see red on alts.
there 3 reasons in my mind why they are so much red numbers right now.

1. the summer - people enjoying their life and not hanging around forums.
2. the ICO marathon just stopped
3. people not sure about the segwit adaptation for bitcoin. and the ethereum transaction/miner problems the step to pos. (those 2 coins are still the biggest on the whole cryptomarkets - and this affects for sure the whole market).
we are enjoying the low, because now starts the time where it makes sense to keep your eyes open for possibilities to positionate your next big positions in your longterm investemens, Its a great chance to prepare some fresh money to get into crypto.
1. People spending more money due to vacations, this is one of the reasons why BTC is "dumped
2. Well this is not quite truth, it is still on but on silent mode.
3.And as always uncertainty will lead to enrichment of brave pioneers.

My conclusion is, we will see over 3k till the end of summer. Alts will follow.

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