What a horrible time for Crypto

[Nxtblg]

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..

I was buying American stocks starting November 2008, and buying Canadian gold exploration juniors in March 2009. Would you have felt sorry for me then?

[Lauda]

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..

So what bothers you exactly? That Bitcoin isn't jumping. Is volatility better for you than stability?
A horrible time for crypto was those few days that all altcoins were falling but that is over for now. They have started bouncing back up and slowly growing.
People are too impatient here that's the issue. Otherwise nobody would ever sell a coin that he invested in earlier (to hold) just because the price went don't temporarily.

[Hashforfun]

The last two weeks have shown us downfall for most of the coins including bitcoins. BTC however is recovering fast now. Not a problem anymore.

[digitalindustry]

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..

TL;DR

Bitcoin shilling

because the market has dried up.

"come on guyz buy Bitcoin from me at the price i say is the market price"

[digitalindustry]

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

[ebliever]

As the cliche goes, it's always darkest before the dawn. The timing on this thread is odd, given BTC spiked up over 10% yesterday and most alts have rebounded as well. And every time I get depressed about my crypto holdings and wonder if cryptocurrency will shrivel up and die, I think about the alternative (fiat currency), and start laughing my head off. No chance. For all the trouble crypto faces - and we still have a lot of work to do - it is still far superior to fiat.

There will be some shakeouts in which hundreds of clonecoins and 2nd-rate coins go through a bloodbath. But BTC cannot fulfil all the promise of cryptocurrency itself. Its slow confirmation times (compared to every other alt out there) and innovations like the asset exchanges and various anonymity schemes will all drive continuing and growing demand for a 2nd tier of cryptocurrency behind the market leader. That's not really apparent yet from the market cap records this year, but it's a prediction I'm comfortable with. You just have to figure out the best-in-class alts in niches that hold real value.

For whatever reason (summer vacations and warm weather taking people away from their desks staring at altcoin exchange screens?), the last few months have been hard on crypto. We'll see if fall of 2014 repeats fall of 2013. I think there's a decent chance it will.

[iGotSpots]

ITT: People who bought BTC last November. Easier to spot than a vegan in a steakhouse

[digitalindustry]

ITT: People who bought BTC last November. Easier to spot than a vegan in a steakhouse