WHATS HAPPENING !!!!

[Cryptotradenz]

Sorry for the late message, I wanted to address this yesterday however juggling work, life, family and personal portfolio management is proving to be a large task.
Just a quick note for all the new comers out there. For those of you who are yet to experience a "BTC run", strap your self's in, because all signs are pointing to the fact that BTC may start its climb again.
Essentially what I want to say is, if you see some of your alt holds dropping, DONT PANIC SELL. This is a normal occurrence when BTC goes on one of its tangents. There will be blood in the streets people but just remember HOLD your positions.
Without this being financial advice, one might also suggest you consider liquidating short / mid Alt positions for BTC, while it goes on its run. This does have its risks to be aware of, but it is common to do so.
As for long holds, bury them in your ether wallet and forget.
With 16.6 K resistance broken, a march is pretty much confirmed. It is highly recommended you avoid trading at this time until the market gives more indication around what it is up to.
There are two scenarios here :
1. BTC rampages and alts bleed (ALT DISCOUNTS - YAY)
2. We start to see more steady growth again with small p & d's as she continues to climb.
The main take away from this post.
- DONT PANIC SELL. If you choose to hold your alts through the few days. Be prepared to see your market value quarter if you choose to hold your alt positions. They will recover over time dont worry, but if you plan to HOLD, make sure to stick to that plan.
- If you choose to liquidate back to BTC (short to mid holds), plot your entry and exits NOW, have a plan. This could be an opportunity to churn some of your favorite coins once the discounts open up  .
Any questions ask away.
Cheers,
Happy Trading.

[flinty69]

Good post and good advice for the noobs. I missed this one and couldn't be arsed to liquidate. Just going to sit, ride it out and wait for everything to correct which means holding.

and for anyone saying that it's only certain coins that have lost value, that's incorrect, most of them have. This happens regularly in crypto world so don't freak out or panic (as you said in your title).

[Kinieter]

thanks its helpful , well i think its always good to reserve like 20-30% portfolio on btc , in case the discount open up , im hording my so called shit coin for now , selling in 2019 , day trading only for now , to pay the bills , and next month eth etc expanse , the ethereum alliance is having big agenda

[cryptocrusher]

Good advice except the opposite is happening right now. FUD from Asia is crashing the market the last few days around this time of the day. Bitcoin drops 10% then alts drop the same amount.

[vvvttts]

yer unfortunately now its totally random; alts are down and so is bitcoin, so I would say holding steady and being very careful what you buy (and sell) is a good choice

when its BTC down, and alts up its a bit easier. likewise if BTC up and alts down, its easy to predict what the movement is.

day trade at your own risk

[swami84]

The market is heavily down due to S. Korea news. Hope the bill doesn't go into effect

https://www.reuters.com/article/us-southkorea-bitcoin-law/south-koreas-justice-minister-says-preparing-a-bill-to-ban-cryptocurrency-trading-idUSKBN1F00B7?il=0

[Dragonrage201]

This should affect only the exchanges that are not following the laws
or paying the taxes. Hopefully crypto markets will stabilize by tomorrow.

[ahoenk]

Alot of people from past year cashing out and make profit thats why we enter corrections phase. But dont worry this not gonna take so long. It will recover again. Bitcoin and all altcoin will still goes up if we investing for very long term like 3 or 4 years from now. But at this time day trading is very danger becaus3 or volatilities

[jaocoincrypto18]

Sorry for the late message, I wanted to address this yesterday however juggling work, life, family and personal portfolio management is proving to be a large task.
Just a quick note for all the new comers out there. For those of you who are yet to experience a "BTC run", strap your self's in, because all signs are pointing to the fact that BTC may start its climb again.
Essentially what I want to say is, if you see some of your alt holds dropping, DONT PANIC SELL. This is a normal occurrence when BTC goes on one of its tangents. There will be blood in the streets people but just remember HOLD your positions.
Without this being financial advice, one might also suggest you consider liquidating short / mid Alt positions for BTC, while it goes on its run. This does have its risks to be aware of, but it is common to do so.
As for long holds, bury them in your ether wallet and forget.
With 16.6 K resistance broken, a march is pretty much confirmed. It is highly recommended you avoid trading at this time until the market gives more indication around what it is up to.
There are two scenarios here :
1. BTC rampages and alts bleed (ALT DISCOUNTS - YAY)
2. We start to see more steady growth again with small p & d's as she continues to climb.
The main take away from this post.
- DONT PANIC SELL. If you choose to hold your alts through the few days. Be prepared to see your market value quarter if you choose to hold your alt positions. They will recover over time dont worry, but if you plan to HOLD, make sure to stick to that plan.
- If you choose to liquidate back to BTC (short to mid holds), plot your entry and exits NOW, have a plan. This could be an opportunity to churn some of your favorite coins once the discounts open up  .
Any questions ask away.
Cheers,
Happy Trading.

Good point of encouraging traders especially the new players because even i myself wondering why is this is happening in which it is like a systematic fall down of all digital currencies value maybe haters of digital words done this but the better action for this is really to hold because getting panic will just makes things worst.

[Sephire]

Got this on my twitter feed from a trader:
Just called my counter part in Korea, he says that the reports are FUD. The position is that the Korean authorities are clamping down on unregulated exchanges and exchanges that are not compliant. Further they are auditing the quality of the KYC. A ban is not on the cards.

[lissics]

Sorry guys, but FIAT is bullish for this year

[coinSpecter32]

Yeah, good point. This post is for those panic sellers and holders that don't have guts to hold their coins easily affected by FUD's and fake news of big investors.

[fireman67]

EVERYONE CALM DOWN


https://www.forbes.com/sites/pamelaambler/2017/12/12/south-korea-is-not-banning-bitcoin-trade-financial-regulators-clarify/#f987bbd14270


It's fine - buy cheap coins while everyone doesn't know the real situation

Shameless plug / shill - buy APPC (AppCoin)! Resistant with all the FUD and still under the radar

[Higher Altitude]

What? Alts are down? Setting up price alerts for new ATHs on my portfolio. 

[Erelas]

Back in the day, we used to call the kind of behaviour that is going on in South Korea right now, "Revenue Hunting".

The government is all upset that they are not getting their "fair share" of the peoples money, and they're gonna roll in and make them all scared and pay up or face consequences.

I am all about avoiding total anarchy in the streets, no disrespect to the OP's claims on being a crypto-arnarchist, but I do enjoy seeing bureaucracy and it's goons getting their noses tweaked when someone else makes money and they don't.

[Dragonrage201]

Most coins are already going up from their bottom an hour ago. I think this
should be it for now. Hope to see nice green tomorrow.

[Lucacrebbe]

 

most of coins  are  recovering,  XLC (listed on Cryptopia)   leviarcoin   it's rallying

https://coinmarketcap.com/currencies/leviarcoin/


https://www.blockchaindailynews.com/LeviarCoin-Announces-Crowdsale-for-Its-Revolutionary-Blockchain-Based-In-App-Purchases-and-Software-Protection-Platform_a25482.html

[lissics]

For rise you need new people buying in. Currently this is not happening. So yes, still bearish market

[Skunker]

So wjats yours prediction what will happen this time? Btc rampage or stady growth?

[qazgroup]

Where do you think that Bitcoin will reach in the next leg up? Someone in the telegram channel said, next bull run will take btc to $40k-$50k, will you agree to this range?