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Author Topic: CryptoCurrency market is crashing  (Read 1136 times)
Mudit47 (OP)
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December 22, 2017, 01:52:35 PM
 #1

Is it good or bad, who knows.

In last 24 hours whole cryptocurrency market is crashed and lost 30% of its values ( including bitcoin and other altcoins).

So it can be a good time to get in or maybe its time from when bitcoin starts to fall.

What are your views on recent crash ? share your advise and reasons.
lhvleao
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December 22, 2017, 01:54:35 PM
 #2

You have to get used to it if you are new to this market

Those swings are quite normal. We went from 10k to 19k with almost no correction

Short term, nobody knows. Long term, I'd say it's a great time to buy
boltz
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December 22, 2017, 01:56:07 PM
 #3

It's normal after what happened in the last months so it's ok , don't panic. Be ready to buy even lower and also this is a good time to invest into ICOs or alts. There are great opportunities out there.

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Welckomtome
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December 22, 2017, 01:59:44 PM
 #4

A great opportunity to visit new players, and that they would start pouring in serious money! Smiley then prices will be much higher
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December 22, 2017, 02:00:47 PM
 #5

these swings are where you make all of the money

shopping time

Herbert2020
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December 22, 2017, 02:01:03 PM
 #6

Is it good or bad, who knows.
well, it is good for bitcoin because it puts an end to all the FUD which has been calling bitcoin a bubble finally and for good after the panic dump ended and price started to rise eventually.

but it is bad for altcoins because yet again it proves that they are not stand alone and they get  dumped hard each time bitcoin has some kind of drop!

Quote
So it can be a good time to get in or maybe its time from when bitcoin starts to fall.

it is time to stay away and wait for the dump to end and as soon as it was ended, you jump in and buy up anything that looks good and has the potential of reversal and big rise.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
sasisai
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December 22, 2017, 02:06:32 PM
 #7

Only coin that is up is Kin Coin. I don't know why  Grin Grin
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December 22, 2017, 02:09:14 PM
 #8

I think its normal crypto mate, segwit2x happens, thats why they were back down but don't be afraid of what happening right now because it will be back soon. Just grab this upportunity to buy some more of it and hodl
Djabba
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December 22, 2017, 02:10:31 PM
 #9

For me, this is an excellent opportunity to buy bitcoin because it is now not expensive and a few more altcoins that also have become at a better price.  And in the future I think that the growth will continue and there will be higher prices for all coins. But need to be very careful in your choice
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December 22, 2017, 02:11:06 PM
 #10

Why did the bitcoin rate fall? We will not say that bitcoin is overvalued, but for a sharp drop in its rate of almost 20% in the last 24 hours there were enough reasons. Waiting for correction. After the record on December 17 and the breaking of the next ceiling of the cost, already at $ 20 thousand for a coin, all the crypto-currency traders froze in anticipation of correction of the bitcoin rate. It partially happened: the coin value by CoinMarketCap fell to $ 18-19 thousand. The growing pressure in connection with the coming holidays. The launch of full support for Bitcoin Cash from Coinbase and the opening of trading on its subsidiary site GDAX.
Jon88
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December 22, 2017, 02:12:34 PM
 #11

While everyone is selling I'm buying.  Grin  Kiss
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December 22, 2017, 02:16:08 PM
 #12

Is it good or bad, who knows.

In last 24 hours whole cryptocurrency market is crashed and lost 30% of its values ( including bitcoin and other altcoins).

So it can be a good time to get in or maybe its time from when bitcoin starts to fall.

What are your views on recent crash ? share your advise and reasons.
This called a profit taking. When everyone try to take or cash out their profit from the crypto market and there will be a huge sell to the bottom but in another side it could be a good to the traders to buy the more altcoin or bitcoin.
But you must try to learn a lot about TA and FA.

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December 22, 2017, 02:17:40 PM
 #13

My poor portfolio Sad

https://i.imgur.com/exFSfrq.jpg

I do hope i will see this grow back in a while.
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December 22, 2017, 02:19:57 PM
 #14

Only coin that is up is Kin Coin. I don't know why  Grin Grin

yes, it's a good opportunity to spot scam coins i.e the only ones increasing in value.

we are nowhere bottom yet. this is just the start.

faith in authority is the enemy of the truth.
NJB18
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December 22, 2017, 02:21:49 PM
 #15

Altcoins usually drop when bitcoin is either increasing or decreasing at fast pace. This should be a good time to buy good altcoins and bitcoin itself.
borgx
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December 22, 2017, 02:23:51 PM
 #16

38% drop in my portfolio now, its enough! Please stop selling whales!
The 50 euro i poured into my portfolio earlier today when it was a 22% drop already completely disappeared again.

Im not gonna buy anymore. First, it needs to raise.
makuny
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December 22, 2017, 02:23:59 PM
 #17

I think its time to buy. Bitcoin maybe will crash in short period, but in the long run will continue to fly

Yes btc is big falling but this is all the year the same. After christmas we se btc at 15k$ and the rise will beginn from new.

The bubble was to big and many people lost a lot of money.
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December 22, 2017, 02:24:59 PM
 #18

my answer is same, because weekend and christmas coming, so other user choose fiat and used to shop.  Grin

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borgx
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December 22, 2017, 02:25:15 PM
 #19

Well i made notes to sell alot before xmas next year, haha.
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December 22, 2017, 02:29:50 PM
 #20

Yes it is finally happening as we are entering new year. I was expecting this to happen like a month ago so I already exited market like %80. I think bear market will last whole winter until march.

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