mi$fit
Newbie
 Offline
Activity: 11
Merit: 0
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July 11, 2017, 02:11:46 PM |
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Almost thirty percent drop in the last seven days... Nothing new for altcoins, but for a multibillion dollar market cap it's a lot.
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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European Central Bank
Legendary
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Activity: 1288
Merit: 1087
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July 11, 2017, 03:16:52 PM |
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Can anyone give me a good reason why it was worth tens of billions?
All the ico junk did was create a slow suicide for the price.
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chip1994
Sr. Member
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Activity: 868
Merit: 251
HEX: Longer pays better
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July 11, 2017, 03:30:34 PM |
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Almost thirty percent drop in the last seven days... Nothing new for altcoins, but for a multibillion dollar market cap it's a lot.
Well, the bearish trend will not stop with this percent, it still begin and we can see new lowest price soon. Example: In March to May is bullish trend and very more highest created as XRP, STR, DGB, SC, LBC ... => In June to August is bearish trend anh new lowest price not see in 2017 will creating in this time  |
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notbatman
Legendary
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Activity: 2212
Merit: 1038
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July 11, 2017, 03:30:59 PM |
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But muh stash of CHC!!!
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giveen
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July 11, 2017, 03:40:08 PM |
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Not only ico is the issue if you noticed the market cap which is now at 80 billion from 105 billion in june. After eth started crashing and the people who sold told they enough profit after few days many started following this trend of taking profit which led to the crash of all the coins. This isn't any bad news because obviously the market will recover but it can weeks weelsor maybe months.
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elite3000
Legendary
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Activity: 1073
Merit: 1000
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July 11, 2017, 04:07:51 PM |
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Is this really a surprise for anyone?
ETH is driving the whole market down, and I don't think there is a bottom in sight.
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abilger (OP)
Jr. Member
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Activity: 58
Merit: 10
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July 11, 2017, 09:25:35 PM |
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and also never underestimate the power that panic sells have. when the drops start, everyone abandons ship.
well said! Actually that would be the best time to buy  |
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Question123
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July 11, 2017, 09:36:28 PM |
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If we see ethereum coin dump I think this this is the right time to buy more ethereum. Many people panic selling But I dont know why those people panic its because of the august 1 is near or what? I hope in august 1 will become okay . I hope ethereum will increase again and will back to the price of 350 dollars per ethereum. Buy more ethereum to make a lot of profit. Be patience and dont panic selling.
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derekz
Member
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Activity: 74
Merit: 10
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July 11, 2017, 10:15:58 PM |
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guadalahara
Member
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Activity: 113
Merit: 10
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July 11, 2017, 10:39:34 PM |
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hahahah the meme lines, oh man...so we found new support, buy buy buy ETH is gonna moon hodl hodl lmaaaooooooo
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kaolin
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July 11, 2017, 11:50:59 PM |
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wait a sec. my head full with a doubt. not any longer bitcoin chain will be a maintenance. if we hold ethereum with such a problem what do you think? i think we need to catch the dip at least a week more to see what schemes behind this crash
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===================================================== BILLCRYPT - CREATING HISTORY===================================================== |
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Celebrity
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July 12, 2017, 12:59:39 AM |
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If we see ethereum coin dump I think this this is the right time to buy more ethereum. Many people panic selling But I dont know why those people panic its because of the august 1 is near or what? I hope in august 1 will become okay . I hope ethereum will increase again and will back to the price of 350 dollars per ethereum. Buy more ethereum to make a lot of profit. Be patience and dont panic selling.
You can't decide whether or not it's right time to buy ethereum now. We don't know how much more the market will go down. Believe me it's not a dream to see ethereum around $100 again. This is easy. Just don't react too fast when buying. |
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X-ray
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July 12, 2017, 09:26:49 AM |
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If we see ethereum coin dump I think this this is the right time to buy more ethereum. Many people panic selling But I dont know why those people panic its because of the august 1 is near or what? I hope in august 1 will become okay . I hope ethereum will increase again and will back to the price of 350 dollars per ethereum. Buy more ethereum to make a lot of profit. Be patience and dont panic selling.
You can't decide whether or not it's right time to buy ethereum now. We don't know how much more the market will go down. Believe me it's not a dream to see ethereum around $100 again. This is easy. Just don't react too fast when buying. The price is always bounce back again, Too difficult where the price of ethereum goes. I think just try to put your order in the bottom if you are want to grab a lot of the cheap ethereum. And just be oatience until your order gets execute by the market. |
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abilger (OP)
Jr. Member
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Activity: 58
Merit: 10
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July 13, 2017, 08:35:59 AM |
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If a coin crashes and rises so fast it is good to buy and sell If a coin rises steady (even though slowly) it is good to hold. I don't think such a currency supported by many big companies will die. As it is said "buy low sell high".  |
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viralz
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July 13, 2017, 10:43:02 AM |
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I dont think this current condition is crashing,
we have to be very careful.
Crashing is when some expected value drop to almost zero and not recovered,... globally.
it is recoverable and it is normal if some price of trading is dropping.
This current drop price should be compared to 6 months ago or even to 3 years ago.
It is obvious not crashing.
It is just dropping.
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