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Author Topic: Market cap falling below 250 B $?  (Read 98 times)
blockman
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June 25, 2018, 06:41:50 PM
 #21

Another red day on coin market cap. Are we seeing  the worst of the market dip or is the dip going further down?
This isn't the worst market dip, from the existing and current price few days ago which is $6,700 went off to $5,800 and now healthy to $6,300.

Think of how it's worst to see bitcoin falling from $20,000 back to $10,000 and down to $6,000. I consider that the worst days and not this one that happened yesterday.

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June 25, 2018, 08:30:41 PM
 #22

I think that below the level of 250 billion, the capitalization of the crypto-currency market does not decline. I believe that this was the last wave of decline and the market is ready for recovery.
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June 26, 2018, 05:39:59 AM
 #23

Another red day on coin market cap. Are we seeing  the worst of the market dip or is the dip going further down?
We are close, right now the total market capitalization for cryptocurrencies is 257 billion dollars but I do not know if that happened during the day, but look it is impossible to predict what will happen in the short term in the market, you only have 3 options you hold, you sell your coins and take cover in fiat or you try to take advantage of the volatility by trading, the third option is risky but it is the only one which can give you profits.

You can also convert your bitcoin to tether as the price drops and the return to bitcoin as soon as the market shows some recovery sign. That way you gather some more bitcoins.
Selling your bitcoin for USDT is a viable strategy since it is easier to return to cryptocurrencies than if you sold for fiat, but that strategy is not going to be very effective now because the market is not moving much, that would have been a great strategy when the price was 20000 and it dropped to 6000 if you did that you could have bought more than 3 times your original bitcoin holdings.

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June 26, 2018, 06:35:24 AM
 #24

This is a painful process. last year, encrypted currencies achieved great success, but there were also very big bubbles.
Now is the time when the bubble disappears. don't worry, the future is bright.

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June 26, 2018, 07:36:58 AM
 #25

This is a painful process. last year, encrypted currencies achieved great success, but there were also very big bubbles.
Now is the time when the bubble disappears. don't worry, the future is bright.

If I remember good last year market cap in one moment were close to 750 billion dollars. We dropped hard, but crypto market will go to 1 trillion and more, sooner or later.  When companies and institutions start to adopt crypto, especially bitcoin, a lot money will flow in crypto, that wave will be stronger then any before. You call ot bubble, I call it wave, money is circulating in and out from crypto, people earn from that, manipulate for their own interest, but market is young and that kind of things are inevitable. Bitcoin can be revolution in many ways, I'm here for more then 3 years and progress is visible, take a look what early adopters say about progress, the ones who are here before bitcoin had price tag.
Don't pay attention on FUD that comes from newcomers, don't pay attention on idiots who bought on top and cry for their investment, don't pay attention on morons who think that they can get rich in couple days with crypto. Take a look with your own eyes where bicoin was and where it's now and make your own conclusion what waits us in future.


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June 26, 2018, 08:25:46 AM
 #26

This maybe the highest drop on coinmarketcap that happened.  After that massive pump, now were all experiencing the never ending drop that is happening since the start of this year.

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