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ZirconiumX
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June 24, 2018, 05:26:10 PM |
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It is sad but maybe unavoidable!
The only thing that can save BTC going under 6K is a big Whale buying BTC!
Sending BTC down is easier than sending it up: Less resistance. That is why it is going down! When it goes to a 3-4K the bears will become bulls: Opinion.
If you worried move into Tether and sit it out: Suggestion Only.
2 Billion down as I typed this: It looks real ugly
Mass dump came as always when no one was waiting it =) Whales cannot save BTC if they are doing this =) Seems like we will go to 5000 for btc or even lower and 300 usd for eth or even lower, im ready for this =) |
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muddy waters
Member
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Activity: 294
Merit: 10
JOIN THE NEXT MEGATREND IN CRYPTO!
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June 24, 2018, 05:32:30 PM |
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The only thing that can save BTC going under 6K is a big Whale buying BTC!
You've got a point here, but it would be unprofitable for whales to buy BTC at this point. I think they would wait for bitcoin to crash to $4,000, buy, wait for it to go up a couple of thousands dollars and then sell making big profit. |
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sangalangdavid
Full Member
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Activity: 443
Merit: 100
https://streamies.io/
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June 24, 2018, 05:34:24 PM |
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Yes, it is truly started but we do not have to panic at all because not everytime the market is crashing, there's a time that it will go up again and it will benefit many of us specially the hodlers.
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GFE
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June 24, 2018, 05:37:03 PM |
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It is sad but maybe unavoidable!
The only thing that can save BTC going under 6K is a big Whale buying BTC!
Sending BTC down is easier than sending it up: Less resistance. That is why it is going down! When it goes to a 3-4K the bears will become bulls: Opinion.
If you worried move into Tether and sit it out: Suggestion Only.
2 Billion down as I typed this: It looks real ugly
I think that it is the end of correction. Whales know that there is lower acceptable limit for criptocurrency prices and this limit should not be reached. |
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losiva
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Activity: 206
Merit: 11
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June 24, 2018, 05:38:08 PM |
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Well market is down and I guess it has to do with the Japan authority mandating some exchanges to start KYC process for their customers and guess why most people started selling off, But let's wait and see how things goes..
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oceantiger
Jr. Member
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Activity: 308
Merit: 8
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June 24, 2018, 05:40:14 PM |
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Yes it is so bad and red heading down to $4500 as the next support. The two serious hacking that affected the exchanges last week is the major reason this is happening. I really do not understand why the exchanges will not secure their sites that hackers can just stroll in and steal as much as they want.
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lendahawkins
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Activity: 238
Merit: 10
“The Future of Security Tokens”
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June 24, 2018, 05:44:18 PM |
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It is sad but maybe unavoidable!
The only thing that can save BTC going under 6K is a big Whale buying BTC!
Sending BTC down is easier than sending it up: Less resistance. That is why it is going down! When it goes to a 3-4K the bears will become bulls: Opinion.
If you worried move into Tether and sit it out: Suggestion Only.
2 Billion down as I typed this: It looks real ugly
i dont think bitcoin will be that low. Indeed now the market is really ugly but i think in few days it will start to recover. There is a lot of obstacle in 2018 and when cryptocurrency overcome many troubles it will indeed will make cryptocurrency more better and stronger. I hope this big market correction would onvite many new investors invest on this technology. I do read about hilton investing in crypto and selling their asset on rome. I hope many more big investors will coming. |
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Antiplus999
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Activity: 336
Merit: 10
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June 24, 2018, 05:47:50 PM |
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As for me, there is no need to panic, after the fall there is an upsurge, there are cycles through which any market must pass. So we need to wait.
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felissss500@gmail.com
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June 24, 2018, 05:56:39 PM |
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Now the price of bitcoin went up a little, I think there will be a big increase in the price, and then there will be an even greater drop in bitcoin and altcoins, we have been growing very strongly for 3 years, and now we will also fall strongly.
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arunakiran
Jr. Member
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Activity: 224
Merit: 3
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June 24, 2018, 05:57:08 PM |
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The crash has started long time back nearly 5 months back...but still it is continuing. How long time it will take to bullish I don't know.
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tee-rex
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June 24, 2018, 08:21:07 PM |
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the cryptomarket is repeating, point to point the clues to see the end of the market. It has happened many times in the stock market. Cryptomarket is not going up. it's just increasing little value to try to say:hey the train is ready so that you buy. But then, whales will sell after 3-5% profit no matter what and crash it again. Whales and traders don't give a FUCK about your money or the market. If they crash it, they will move to another place without showing a little tear.
This market is dead. and holders will only lose more money. There is no worst investor than that that cannot see reality, and thinks all will be fine.
themarket is not only crashed. It will not recover anytime soon. Prepare yourselfs to the WORST CRASH EVER IN CRYPTO. 3k for BTC and less than 200$ for ETH.
moreover, by this time now, capitalization is AT THE VERY WORST OF TWO YEARS. Taxes, laws , regulations, end of anonimity and other bad ideas are destroying this market very fast. people are VERY VERY VERY AFRAID OF THIS MARKET AND RUNNING AWAY. Come on, you have to be very stupid to not see it.
Actually, there is little to no profit atall for miners, BUT THE DIFFICULTY IS AT THE TOP EVER!!!!!!! From my perspective, this is typical fear mongering. Right now prices are moving to their "just" value. This should have been expected. Relentless and irrational speculation couldn't last forever, though many folks here honestly and earnestly think otherwise. But that doesn't mean that crypto is of no use or without purpose of its own, and this use and purpose are not going to disappear all of a sudden, just because prices have crashed to the level of less than a year ago. As a side note, miners and their profits should be our least concern. If some of them leave (good riddance to them), difficulty will adjust in a couple of weeks and everything will be back to normal. Anyway, bitcoin is not the only pebble on the beach, and if it dies in the process (which is not very likely), so be it. Such is life and then you die. |
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ooxtcoo
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June 25, 2018, 08:04:03 AM |
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I was terrified when I saw that fall. very strong control over the cryptocurrency is carried out by people with huge money. they can control the course. I am sure that they will drop the price to 4 thousand dollars, which would then buy at a low price
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Lareina
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June 25, 2018, 08:08:01 AM |
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I was terrified when I saw that fall. very strong control over the cryptocurrency is carried out by people with huge money. they can control the course. I am sure that they will drop the price to 4 thousand dollars, which would then buy at a low price
Yes, there is no way to do that. Most bitcoins are in the hands of a few people. Any trading behavior of them will have a significant impact on the market. |
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daly896
Member
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Activity: 434
Merit: 10
BITWIN
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June 25, 2018, 08:10:45 AM |
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Big whales are dumping BTC and it is inevitable. Don't panic, it is a perfect opportunity to come in market, so prepare your bags to buy and hold tokens
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smyslov
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June 25, 2018, 08:19:23 AM |
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At this date last year 2017 Bitcoin was traded at $2787 level very far from the price that we had right now, the only people crying are the latecomer, I've read from one good analysis that Bitcoin could go down the $5000 level and it's possible, but as long as Bitcoin is traded at $4000 level Bitcoin is still going to be alive.
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Quidat
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June 25, 2018, 08:20:52 AM |
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Big whales are dumping BTC and it is inevitable. Don't panic, it is a perfect opportunity to come in market, so prepare your bags to buy and hold tokens
Its not the btc thats being dumped, btc isnt an option to be dumped. If you look at the market, altcoins like ETH and Eos has a higher drop percentage than btc. Not only those 2 alts that I mentioned, but there are some that was being dumped by the people recently. Btc's price is just reacting with the dumping of altcoins. The market have lost billions of dollars. For sure, the marker will recover soon , since prices are affordable already. |
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Brivwe
Jr. Member
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Activity: 182
Merit: 6
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June 25, 2018, 08:22:02 AM |
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Whose big pas has started because I know the crypto market is still not stable and so I'm not sure if the market will have started then if the big market has started I will sell my altcoin and get a good profit
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Gonzo1977
Newbie
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Activity: 87
Merit: 0
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June 25, 2018, 08:25:18 AM |
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There is now way of knowing its sheer guessing, as if you really knew what you were talking about you would be a billionaire and would not even waste your precious time on Bitcointalk, so please do not spread FUD if you do not know what you are talking about.
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starplaks
Jr. Member
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Activity: 322
Merit: 1
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June 25, 2018, 08:26:11 AM |
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In this case, it really only remains to wait and hope that the market will return to its usual growth path!
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troBelx
Jr. Member
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Activity: 140
Merit: 1
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June 25, 2018, 08:33:57 AM |
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Crypto is volatile and for the time being will always have wild and volatile price fluctuations. If you can not handle it out of crypto. This is not for weak hands. It's going back up, As you say, people panic and get out of the market because they find opportunities, For me, this is a long-term investment with a small amount of my money.
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