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Author Topic: Market crash  (Read 2408 times)
renes
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July 13, 2017, 01:51:26 PM
 #21

I agree with you your points is right but you should review your portfolio

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July 13, 2017, 01:57:14 PM
 #22

Sell, then buy low and sell high. Rinse & repeat
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July 13, 2017, 02:13:56 PM
 #23

Another organized dead cat bounce... Chart still looks quite bearish.. We need to have a real plunge in total market cap to form any sort of bottom. I'd post a chart but I'm at work.  I'm surprised the selling has been as organized as it has but I shouldn't be because you have to convert altcoins to BTC before converting to fiat.

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July 13, 2017, 02:54:57 PM
 #24

Hi,

I'm still just a newbie so don't take my word for it but i feel like this whole market is being manipulated by large whales and the panic sellers are making the market go more down.
I do not know if we might say its manipulation when few whales choose to move their funds back into fiat but its a known fact that the is fear and panic ahead of the bitcoin fork planned for the 1st of August.

The ICO was the main pillar for this crash, more specifically ICO's like Bancor, Tezos and Eos which raised insane amount of money. If you look closely bitcoin just corrected a bit whereas ETH and other altcoins saw blood. 
i see no problem in raising huge amounts and how does the market get affected Huh

The whales are making people panick about August 1st and further fueling the market crash.

It would be a good strategy for them to buy a bag load of cheap btc and altcoins from their speculations


I hope I'm not wrong but I feel like the biggest pump is coming. It may be before Aug 1st or after it but its not far from now.
I agree on the pump which is definitely on the cards but maybe not before Aug 1

Its an amazing time to grab some new coins and bring your losses down. I feel like the market is being pushed down to create good entry points for whales. I'm still a student in college and I'm down to almost 40% but I believe the best thing to do right now is hold and accumulate more coins if possible. If not at loss, then you're already doing great and maybe throw a few suggestions. 
Let me know what everyone else thinks. I might be wrong and any suggestions will be appreciated.
I agree best time to buy coins is now while prices are down and its also a good entry point for first time buyers and not whales only which might ignite overall demand
I agree on the pump which is definitely on the cards but maybe not before Aug 1

.

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July 13, 2017, 03:15:53 PM
 #25

Just watch the price of ETH it has basically dictated the market's direction since it's astronomical rise in May. It's no coincidence the shit hit the fan as ETH was testing sub $200, fortunately that was very short lived.

Eth went from 12.00 to 350 or something like that. I expect eth to trade at sub 200. We will probably see a correction down to 120. even then its 10x from what it was at the beginning of the year. Currently its unsustainable as millions of dollars have to be put into the system daily to accommodate the miners.
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July 13, 2017, 03:20:00 PM
 #26

I wouldn't call this a market crash. That is when prices are below normal. These prices are still quite high and some coins like Monero and LTC and obviously BTC are holding well. While others that are shitcoins are losing ground. You can clearly see which coins are better than others with this action. Right now you should be dumping your shitcoins and buying those good coins.

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July 13, 2017, 03:35:42 PM
 #27

So, if you have some profit coins you should sell them partly.

Sell everything or HOLD everything. Sell partly is not allowed.

BTC: 16ZegvHooaNNUV7pZPCNoj5QSY5i8Gs6zD
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July 13, 2017, 05:25:27 PM
 #28

Hi,

I'm still just a newbie so don't take my word for it but i feel like this whole market is being manipulated by large whales and the panic sellers are making the market go more down. The ICO was the main pillar for this crash, more specifically ICO's like Bancor, Tezos and Eos which raised insane amount of money. If you look closely bitcoin just corrected a bit whereas ETH and other altcoins saw blood.  The whales are making people panick about August 1st and further fueling the market crash.

I hope I'm not wrong but I feel like the biggest pump is coming. It may be before Aug 1st or after it but its not far from now. Its an amazing time to grab some new coins and bring your losses down. I feel like the market is being pushed down to create good entry points for whales. I'm still a student in college and I'm down to almost 40% but I believe the best thing to do right now is hold and accumulate more coins if possible. If not at loss, then you're already doing great and maybe throw a few suggestions.  Coins that I hold:

Viacoin
Shift
Zen (short term)
BTC

Let me know what everyone else thinks. I might be wrong and any suggestions will be appreciated.


Your explanation is correct when you have indicated the cause of the market crash. Someone has launched a rumor on August 1 that people are worried and have sold all of their Bitcoins, surely after this incident they have made a lot of profit. I do not believe the August 1 event will happen and I decided to buy more BTC to store in my purse

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JosNekoKopa
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July 14, 2017, 08:16:44 AM
 #29

@killerfrost. Be careful with bitcoin on August. If UASF fails there might be some lead developers leaving the core development team. This will not look good for bitcoin and it will not be good for the price. It might be a good decision to start holding a good and stable altcoin like litecoin.
First this is not rocket launching and if fail it will be disaster.
Second we had chance to see already successful implementations of segwith, which only brought extreme popularity to those projects..
This is just a code and errors are possible, juts as situation when you went to empty ATM, just return later if you are no in extreme hurry. Nothing bad will happen.
Do not do some foolishness if you already invested in alts just wait, don't sell on loss.
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