Crypto Bloodbath

[jaysabi]

Its not actually a bloodbath because 10-20% decrease on the amount of bitcoin is just really a normal thing on this ecosystem and price corrections do really happen on it since we do know that bitcoins price is too volatile but yet this is the best time to buy more cheap bitcoins because later on it will climb up again and with that we can really make proits out of that movement.

Just because volatility is normal doesn't make the losses any less significant. A 20% loss of capital is a 20% loss of capital, whether something is fairly stable (like the USD) or very volatile (like BTC).  The only difference is whether you appropriately considered the likelihood of the' bloodbath.'

[jaysabi]

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

It's probably not over yet.

I would say that the market will always over adjust, and right now it has adjusted, though still probably not quite enough. i wouldn't be surprised if bitcoin were to go down to a level that is say, $1800,$1900. Something along the lines of that.

When it does happen, as you said it'll be a great opportunity to buy in.

Always go against crowd sentiment.

People who always go against the crowd sentiment end up getting destroyed by the market, since crowd sentiment is essentially what determines what is successful and what is not in capitalist markets. Every market is just the expression of crowd sentiment. The crowd gets irrational from time to time, which creates opportunity. But opperating on the assumption that the crowd is always wrong is a recipe for ruin.

[magneto]

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

It's probably not over yet.

I would say that the market will always over adjust, and right now it has adjusted, though still probably not quite enough. i wouldn't be surprised if bitcoin were to go down to a level that is say, $1800,$1900. Something along the lines of that.

When it does happen, as you said it'll be a great opportunity to buy in.

Always go against crowd sentiment.

People who always go against the crowd sentiment end up getting destroyed by the market, since crowd sentiment is essentially what determines what is successful and what is not in capitalist markets. Every market is just the expression of crowd sentiment. The crowd gets irrational from time to time, which creates opportunity. But opperating on the assumption that the crowd is always wrong is a recipe for ruin.

I think that what he meant wasn't really crowd sentiment, but rather when everyone is pumping up the price of bitcoin etc., you should dump all of your coins, and when everyone is saying that bitcoin is trash, it has no future etc., then that's the time to be in some for holding.

Honestly you'd be surprised at how many stupid investors that are out there, and how many instances someone could have dumped their coins for a nice chunk of money but instead wanted to make more and got greedy.

I do think though that there's probably going to be another dump somewhere soon in the near future. How much it adjusts by, i'm not particularly sure but the pre-fork panic is going to affect the price of bitcoin negatively imo. Altcoins will be dragged down alongside btc, though some might actually get pumped as a hedge against btc(ripple, eth). It'll be a good time to buy at that stage.

[Yuuto]

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

Well today is another bad day for crypto.

Taking a look on coinmarketcap you can see all but less than 20 coins out of the total 100 on the front page is currently in the red. Though it's not really a bloodbath this time round, no major disappointments at least. Average loss was around just 3-5% per coin.

Is it a good idea to buy and baghold right now? I don't think so... I think that proceeding this current pump we'll see some crazy ass adjustments coming up, and altcoins are going to be the most affected, bitcoin will be somewhat affected too. I'd say wait another 6 months when everyone goes quiet, then it's the perfect time to buy in.

[Pursuer]

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

Well today is another bad day for crypto.

Taking a look on coinmarketcap you can see all but less than 20 coins out of the total 100 on the front page is currently in the red. Though it's not really a bloodbath this time round, no major disappointments at least. Average loss was around just 3-5% per coin.

Is it a good idea to buy and baghold right now? I don't think so... I think that proceeding this current pump we'll see some crazy ass adjustments coming up, and altcoins are going to be the most affected, bitcoin will be somewhat affected too. I'd say wait another 6 months when everyone goes quiet, then it's the perfect time to buy in.

the altcoin pumps are starting to show themselves now. all the fake rises and all their bubbles are bursting and their prices fall hard.
now the effect it has on bitcoin is that most of the big profits that most altcoin investors gained from these pumps is being converted to fiat through bitcoin. they bought a small amount of bitcoin with fiat then joined some pump, some ICO and now have a lot more. some of them liquidate at least a part of it and that makes a sell pressure on bitcoin price.

[slackcryptoz]

Not every altcoins are pumped fake, very few are doing this. Those coins can be found easily, because this happens in a stable manner or else very rarely. Recently with one of the coin in my portfolio got pumping around 200%, but I expected more to take place by the consecutive days. Everything went as a dream now it is pumping 10-20%.

[planfox]

Not every altcoins are pumped fake, very few are doing this. Those coins can be found easily, because this happens in a stable manner or else very rarely. Recently with one of the coin in my portfolio got pumping around 200%, but I expected more to take place by the consecutive days. Everything went as a dream now it is pumping 10-20%.

What kind of a coin is this, if not a secret? Recently I am interested in alternative coins and I want to buy some of them. But I understand that this is very risky, so I want to gather as much information as possible

[d5000]

The slightly bearish trend of the Bitcoin price in the last two days could have to do something with Craig Wright's rant yesterday? He seems to have threatened to buy 20% of the hashrate to block Segwit2x.

I don't think he will succeed, but these kind of announcements injects more "insecurity" into the market.

Although, again, most altcoins fell much harder down than Bitcoin from yesterday to today. So it's maybe simply the already described effect of operations of the "Altcoin -> BTC -> Fiat" kind.

[mongkie]

another bloodbath again brothers!