We're at the second stage of the bloodbath now.. Thoughts?

[lakimens]

I think after a few days, people will start buying A LOT of BTC and will put us on the road to recovery.

[musicman90]

I hope so! This has set me waaaaay into the negative, I can't take many more hits 

[Zocadas]

I still don't see a bloodbath or wich cryptocurrency do you mean? All established cryptos had a continuus up since beginning of the year, with a little break like now.

[ZenFr]

I think after a few days, people will start buying A LOT of BTC and will put us on the road to recovery.

Yes, don't worry about the dump this days.
There is some rumors about chinese government and about JPMorgan.
Chines government : Bitcoin is worlwide and can rune whithout.
JPMorgan : LOL.

It's time to buy Bitcoins !

[Elpeor00]

I think it is more a Ethereum drop, it just drag the BTC and the BTC drags every other crypto in the scene, besides it is just funny to see how the people with less time in crypto get mad with the downs, even if they have bougth their bitcoins for 2000 or less

[Ruggito]

I don't think that this is an eth related drop. I don't think that eth have this kind of influence on BTC, at least at the moment.

Yep, IMHO we will go down al least until 3600$; a retracement at this point is more than normal, if we are putting it in perspective.
It's hard to find the deep bottom.. in the negative scenario we could touch the 2200$  . Let's wait and see..

Buy some in this moment is a nice strategy  

[sweerty1]

I completely agree but price can reach around $3500 levels quickly. You can just look into market and there isnt huge buy pushing for bitcoin with cheap prices. So bears will pull the price some more time than just couple of days.

[vfrcbv91]

This is an interesting project, but not very reliable in terms of long-term investments. I'll be investing, but not more than 1% of your Deposit, you cannot deviate from the money management)

[lakimens]

I don't think that this is an eth related drop. I don't think that eth have this kind of influence on BTC, at least at the moment.

Yep, IMHO we will go down al least until 3600$; a retracement at this point is more than normal, if we are putting it in perspective.
It's hard to find the deep bottom.. in the negative scenario we could touch the 2200$  . Let's wait and see..

Buy some in this moment is a nice strategy  

Really hope this "negative scenario" happens. I'll gladly sell everything with 50% loss for BTC.

[GRR]

Just don't do anything. Sit out the FUD 2 weeks and expect extraordinary green season.

Actually, it is funny, the whole JP Morgan thing is a joke. No matter what any financial guy says or tells you, it is probably the opposite or at least an angle to make money. That is how they work. You can only recognize his motives and make some money out of it. I bet they already bought BTC in the recent drop. Those panic sales are idiotic yet again, but good for people who are able to buy stuff. I am buying at least. People are sheep who freak out after the slightest news. And this guy is a wolf who makes money from idiots.

[monkfishy]

New investment opportunities have little history, which just means it reacts more strongly to any information whether positive or negative.

If you want to dabble in such asset classes, large swings are to be expected. As long as it doesn't end in the crypto equivalent of bankruptcy, it's shouldn't be anything to worry about.

[Voice-Of-Reason]

We could be heading to a long recovery, so it is up to you to manage your funds

I'm gonna keep holding and taking bites at some alts

[LiGuBi]

New chances for the ones who missed the first boat. Another boat is ready for the next destination and that's 200 billion market cap at least.

[HODLwearz]

I hope so! This has set me waaaaay into the negative, I can't take many more hits 

You only lose if you sell. Don't be a newb. If you're worried about making fiat fast... then go to the stock market or rob a bank...

[berrygood]

I think market will be worse in october and november so I think everyone should cash out their coins not to be broken in winter. If you have also enough cash then no problem.

[dennyd999]

I think market will be worse in october and november so I think everyone should cash out their coins not to be broken in winter. If you have also enough cash then no problem.

Many decentralized exchange project come in Q4 in 2017 thats will make altcoins less dependent from Bitcoin drops and will stabilize cryptomarket in that matter. October is big for updates and announcment from other good projects. 


When Bitcoin will fall it will be the problem of Bitcoin alone. Soon

[BenOnceAgain]

I think after a few days, people will start buying A LOT of BTC and will put us on the road to recovery.

My thoughts exactly.  YTD is extremely positive.  Cryptocurrencies are on sale right now, get them while they're hot!

[GRR]

I think market will be worse in october and november so I think everyone should cash out their coins not to be broken in winter. If you have also enough cash then no problem.

Many decentralized exchange project come in Q4 in 2017 thats will make altcoins less dependent from Bitcoin drops and will stabilize cryptomarket in that matter. October is big for updates and announcment from other good projects. 


When Bitcoin will fall it will be the problem of Bitcoin alone. Soon

That is, unfortunately, utter nonsense. Whenever BTC drops, all other alts drop 2-3x times as much. When BTC is stable, alts can rise. BTC is king.

[BMG86]

I think we're on for a rough few months. The buy walls for bitcoin are very thin. We are at the beginning of a major correction phase right now. How long will it last? No one knows.

[CryptoContrib]

It's more than likely going to be a few more dips here and there but after November things could start turning around quickly. Buy, buy buy, hold hold hold...