What a horrible time for Crypto

[J9901]

Not just with bitcoin drops, and not only with all the altcoin scams, but just cryptocurrency as a whole is just extremely 'meh'.

What a horrible time for Crypto. No wonder people have been cashing out of alts and converting BTC to fiat for the past few weeks. No wonder alt market scene's volume is laughable compared to what it was just 2 months ago.


The smart ones dropped crypto weeks ago and is now sitting on fiat waiting for this phase to end while slowly accumulating cheap Bitcoins.

The dumb ones are the one continuously trading large BTC amounts in the alt scene constantly losing money by the day.



I feel sorry for all the noobs now just stepping in to Crypto. Literally the worst possible time..and dont get me started of how much worse its going to get if this 'expected' Bitcoin bubble doesnt come through..

[virtualdn]

BTC should be considered a long term investment.

[Litesire]

lol not if you invested in NLG at the start. TBH never seen anything like it, it's now officially the top country coin.

[peeveepee]

lol not if you invested in NLG at the start. TBH never seen anything like it, it's now officially the top country coin.

Question is for how long.

I have never seen any country coin last longer than 6 months before it go bust.

[Litesire]

lol not if you invested in NLG at the start. TBH never seen anything like it, it's now officially the top country coin.

Question is for how long.

I have never seen any country coin last longer than 6 months before it go bust.

True but check how fast the updates have been coming, iOS wallet also being launched soon.
https://timeline.guldencoin.com/

This excludes 2 new merchants they added yesterday.

[jasemoney]

lol not if you invested in NLG at the start. TBH never seen anything like it, it's now officially the top country coin.

Question is for how long.

I have never seen any country coin last longer than 6 months before it go bust.

Impossible to tell, Auroracoin is only 6 months and a few weeks old.
there wasn't country coins before...
I think its a fine time to enter crypto.  anyone interested in swing trading or shorting bitcoin well its had % change swings of 25% or more in the past week. without any real news to say its going one way or the other.
Anon is mostly figured out through cryptonote, XC, or Dark for anyone who cares about hiding their tracks.
Decentralized marketplaces are in their infancy. (bitshares, Aero, and everybody else trying to get something off the ground)
we're seeing app based blockchains (gameleaguecoin, mangocoin, hyper)
we are at the beginning of commodity backed coins (uro's billion dollar backers with their urea, cann's 4acre grow operation)
Aren't you guys happy we moved on from meme based coins? Maybe I'm blind but the rampant copycloning seems to have tapered off. every coin was a meme, then every coin was a country, then every coin had a color then every coin was pos then every coin was ipo then every coin was anon then every coin had a new algo, and every algo had a plain & pos & anon & ipo release.  We will still see these things.

I'm happy that the devs have continued to innovate theres a million ideas being kicked around. Theres tons of open source code to do some really innovative things I cant wait to see what they turn out to be!

Top 10 at bittrex $300,000 in trades in last 24 hours
Poloniex last 24 hour trades $150,000
Top 10 at Bter $275,000 in trades in last 24 hours
13.4 million worth of bitcoin have changed hands in last 24 hours.

Maybe your just depressed, and yeah theres been some crap in the past months. I dont see any reason people shouldnt be positive overall... Blockchain tech works, its being adopted, maybe the coin your involved in wont be there in the end, but some form of it will!

[Litesire]

lol not if you invested in NLG at the start. TBH never seen anything like it, it's now officially the top country coin.

Question is for how long.

I have never seen any country coin last longer than 6 months before it go bust.

Impossible to tell, Auroracoin is only 6 months and a few weeks old.
there wasn't country coins before...
I think its a fine time to enter crypto.  anyone interested in swing trading or shorting bitcoin well its had % change swings of 25% or more in the past week. without any real news to say its going one way or the other.
Anon is mostly figured out through cryptonote, XC, or Dark for anyone who cares about hiding their tracks.
Decentralized marketplaces are in their infancy. (bitshares, Aero, and everybody else trying to get something off the ground)
we're seeing app based blockchains (gameleaguecoin, mangocoin, hyper)
we are at the beginning of commodity backed coins (uro's billion dollar backers with their urea, cann's 4acre grow operation)
Aren't you guys happy we moved on from meme based coins? Maybe I'm blind but the rampant copycloning seems to have tapered off. every coin was a meme, then every coin was a country, then every coin had a color then every coin was pos then every coin was ipo then every coin was anon then every coin had a new algo, and every algo had a plain & pos & anon & ipo release.  We will still see these things.

I'm happy that the devs have continued to innovate theres a million ideas being kicked around. Theres tons of open source code to do some really innovative things I cant wait to see what they turn out to be!

Top 10 at bittrex $300,000 in trades in last 24 hours
Poloniex last 24 hour trades $150,000
Top 10 at Bter $275,000 in trades in last 24 hours
13.4 million worth of bitcoin have changed hands in last 24 hours.

Maybe your just depressed, and yeah theres been some crap in the past months. I dont see any reason people shouldnt be positive overall... Blockchain tech works, its being adopted, maybe the coin your involved in wont be there in the end, but some form of it will!

+1, best response I have heard in ages

[ffmad]

even if cryptocurrencies have mostly gone wrong this summer, some really good coins have come out of that

Shadow in particular has proven in only one month, that crypto can innovate without always saying "too the moon", and with real developments.

Their list of developments is already amazing :

ShadowChat (instant p2p encrypted messaging): already released, and updated with richtext support.
ShadowChat demo: https://www.youtube.com/watch?v=ra9E7Il6hps
ShadowChat whitepaper: ShadowChat Private Messaging: Instant p2p Encrypted Messaging

ShadowSend (uniquely implemented dual-key stealth addresses to be layered with zk-snarks):
ShadowSend demo: http://youtu.be/w-B1HuxNvFg

ShadowGo (first fully scalable & fully functional mobile PoS wallet):
First Android & iOS wallet with STAKING & ShadowSend & ShadowChat

And there was no ipo, premine, or anything wrong from the start  

[canth]

Not just with bitcoin drops, and not only with all the altcoin scams, but just cryptocurrency as a whole is just extremely 'meh'.

What a horrible time for Crypto. No wonder people have been cashing out of alts and converting BTC to fiat for the past few weeks. No wonder alt market scene's volume is laughable compared to what it was just 2 months ago.


The smart ones dropped crypto weeks ago and is now sitting on fiat waiting for this phase to end while slowly accumulating cheap Bitcoins.

The dumb ones are the one continuously trading large BTC amounts in the alt scene constantly losing money by the day.



I feel sorry for all the noobs now just stepping in to Crypto. Literally the worst possible time..and dont get me started of how much worse its going to get if this 'expected' Bitcoin bubble doesnt come through..

The community will miss your educated insights. Good luck with the alternative market investments - I suggest picking up some rhodium. http://www.ebay.com/itm/Rh-On-the-Rise-1-oz-Rhodium-Bullion-999-Pure-Rhodium-Bar-with-Assay-/301259331860?pt=US_Other_Metals&hash=item4624749914

[Zer0Sum]

The dumb ones are the one continuously trading large BTC amounts in the alt scene constantly losing money by the day.

Uh no...
Traders are catching 35% 3 day moves in LTC... or a 50% 3 day move in BC.

Actually, pro traders almost never stop trading and don't "lose money"...
They tend to break even in soft markets by constantly capturing that spread...
And are then very well positioned for market rallies.

Now with swaps and endless other derivatives on the way at Bitfinex, etc...
There will always be a way to make money.

Sitting on the sidelines just makes one out-of-touch.

[ffmad]

lol not if you invested in NLG at the start. TBH never seen anything like it, it's now officially the top country coin.

Question is for how long.

I have never seen any country coin last longer than 6 months before it go bust.

Impossible to tell, Auroracoin is only 6 months and a few weeks old.
there wasn't country coins before...
I think its a fine time to enter crypto.  anyone interested in swing trading or shorting bitcoin well its had % change swings of 25% or more in the past week. without any real news to say its going one way or the other.
Anon is mostly figured out through cryptonote, XC, or Dark for anyone who cares about hiding their tracks.
Decentralized marketplaces are in their infancy. (bitshares, Aero, and everybody else trying to get something off the ground)
we're seeing app based blockchains (gameleaguecoin, mangocoin, hyper)
we are at the beginning of commodity backed coins (uro's billion dollar backers with their urea, cann's 4acre grow operation)
Aren't you guys happy we moved on from meme based coins? Maybe I'm blind but the rampant copycloning seems to have tapered off. every coin was a meme, then every coin was a country, then every coin had a color then every coin was pos then every coin was ipo then every coin was anon then every coin had a new algo, and every algo had a plain & pos & anon & ipo release.  We will still see these things.

I'm happy that the devs have continued to innovate theres a million ideas being kicked around. Theres tons of open source code to do some really innovative things I cant wait to see what they turn out to be!

Top 10 at bittrex $300,000 in trades in last 24 hours
Poloniex last 24 hour trades $150,000
Top 10 at Bter $275,000 in trades in last 24 hours
13.4 million worth of bitcoin have changed hands in last 24 hours.

Maybe your just depressed, and yeah theres been some crap in the past months. I dont see any reason people shouldnt be positive overall... Blockchain tech works, its being adopted, maybe the coin your involved in wont be there in the end, but some form of it will!

good post, especially on this part :

we're seeing app based blockchains (gameleaguecoin, mangocoin, hyper)

This things will bring crypto to the mass

[MaxDZ8]

Not just with bitcoin drops, and not only with all the altcoin scams, but just cryptocurrency as a whole is just extremely 'meh'.

I agree. I think education would have been necessary but it looks like everybody is happier with just making crowds happy.
This "be happy, be friendly be with us BECOME RICH" is what's hurting them all in my opinion.
There is at least one coin which would deserve more recognition but it's lost is a sea of apparent evolution.

[vuduchyld]

lol not if you invested in NLG at the start. TBH never seen anything like it, it's now officially the top country coin.

Question is for how long.

I have never seen any country coin last longer than 6 months before it go bust.

Impossible to tell, Auroracoin is only 6 months and a few weeks old.
there wasn't country coins before...
I think its a fine time to enter crypto.  anyone interested in swing trading or shorting bitcoin well its had % change swings of 25% or more in the past week. without any real news to say its going one way or the other.
Anon is mostly figured out through cryptonote, XC, or Dark for anyone who cares about hiding their tracks.
Decentralized marketplaces are in their infancy. (bitshares, Aero, and everybody else trying to get something off the ground)
we're seeing app based blockchains (gameleaguecoin, mangocoin, hyper)
we are at the beginning of commodity backed coins (uro's billion dollar backers with their urea, cann's 4acre grow operation)
Aren't you guys happy we moved on from meme based coins? Maybe I'm blind but the rampant copycloning seems to have tapered off. every coin was a meme, then every coin was a country, then every coin had a color then every coin was pos then every coin was ipo then every coin was anon then every coin had a new algo, and every algo had a plain & pos & anon & ipo release.  We will still see these things.

I'm happy that the devs have continued to innovate theres a million ideas being kicked around. Theres tons of open source code to do some really innovative things I cant wait to see what they turn out to be!

Top 10 at bittrex $300,000 in trades in last 24 hours
Poloniex last 24 hour trades $150,000
Top 10 at Bter $275,000 in trades in last 24 hours
13.4 million worth of bitcoin have changed hands in last 24 hours.

Maybe your just depressed, and yeah theres been some crap in the past months. I dont see any reason people shouldnt be positive overall... Blockchain tech works, its being adopted, maybe the coin your involved in wont be there in the end, but some form of it will!

Awesome reply.  I agree.  This is a great time.  You want to buy low?  Buy now.

Will there be some consolidation?  Are they too many coins and too much junk?  Yes, probably.  So pick winners.  Avoid pump-and-dumps.  Take some time to really understand what you are buying.

[cisahasa]

free electricity kills cryptos?

[MoonTime]

The sellers you are talking about are panic ones. They have no idea how market works nor they have experience with bitcoins/crypto

[spazzdla]

lol not if you invested in NLG at the start. TBH never seen anything like it, it's now officially the top country coin.

Question is for how long.

I have never seen any country coin last longer than 6 months before it go bust.

HUm.....

BBQcoin, Feathercoin, Litecoin, Primecoin, Peercoin... should I go on?

[SnakePlisken]

It's the summer. I wouldn't be surprised if we see a repeat of last Nov in the next couple of months. Even if it isn't as drastic, coinmarketcap will certainly look a lot greener in a couple of months than it does today 

[J9901]

I'm mostly talking about new traders coming in.

Pro traders will always make money regardless of the market situation.

Noob traders 5-6 months ago could lose 50% of capital one day, and literally make 200% ROI the next. Before you can shrug a 50% loss knowing in just a few days you can make it all back and then some. Today, such a feat is nowhere near as easy.

Nowadays ROIs smaller and trades overall are riskier. I miss the 3000+ BTC pump days.



Bitcoin pls reversal soon..

[Amph]

It's the summer. I wouldn't be surprised if we see a repeat of last Nov in the next couple of months. Even if it isn't as drastic, coinmarketcap will certainly look a lot greener in a couple of months than it does today  

last summer was the same? i was not here around like this year

edit...oh you are form this year lol

free electricity kills cryptos?

this is right, free power with giant farm, then can mine forever(if they made roi of course), nothing to lose

[iGotSpots]

If only we were still up over 400% since a year ago. Oh wait...