It's gonna hit 5500 or so, so probably another 50% from where it is now. But that will probably be the cushion it lands on.
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It's gonna hit 5500 or so, so probably another 50% from where it is now. But that will probably be the cushion it lands on.
9000$, 5000$, what´s the difference if you have a long term commitment.
Drop to 1000$, like i give a shit.
Did ya´ll think this goes up continiously?
Look at the charts, but not just from the last month or two, but from the last 9 years. Just chill
Drop to 1000$, like i give a shit.
Did ya´ll think this goes up continiously?
Look at the charts, but not just from the last month or two, but from the last 9 years. Just chill
Well the point is, if you bought at 10k, hold while it drops to 1k and then it goes back to, say, 20k... you'll double your investment long-term.
If you sell now and buy back at 1k, you'll 20x whatever you put back in at the floor, as hard as it is to time it correctly. This major difference is what makes even those who are confident in the future of crypto panic sell at the moment.
Geezz, how low we gonna go? I'm still pretty well above my initial investment but I'd prefer not to keep bleeding. Wondering if I should pull out now and wait for it to settle somewhere.
DMAs. I think 8700 is the next target, but I'm being pessimistic and assuming it's hitting 5500.
*HODLing intensifies*
This place is great. I'm loving the adventure down. We need more of these to keep the spirit alive.
The good news is crytek's crycash ico just got a lot cheaper if you are buying ether with fiat at this point. 1eth has always = 1000 crycash. The ico runs till January 31st so timing buying ether for usd and then getting crycash is important. Anyone think Crycash will be big? I still think it's probably overpriced and the coin cap is hidden till 70% of the coins are sold so hard to tell. Maybe I am being emotionally attached as I have such fond memories of building a computer just for Crysis and loving it so much.
The difference is that you can sell for 9.000 and jump back in at 5.000. Holding is crazy right now, that's a strategy for when everything goes up. When it goes down you cash out and wait for the floor.
I deleted my Delta app. I'm not looking at any of my shit again until I start seeing gifs of popped champagne and lambos.
Guess I'm hodling. Not like I have much to lose anyway, if anything I break even.
XBY is the only reason I'm still in the green right now, honestly.
Depends at what your minimum goal was when you entered. x2? Or a car? Just enough money for a nice trip? If you are happy with what you would get out now then there is nothing wrong with it. You could always reenter when the signs turn to a sustainable green.
I tread my crypto money like i don't have it at all (like it should be). So there is no need for me to withdraw any gains now even it if drops further.
One thing I've learned throughout the years investing: Nobody knows anything
Stop falling damn you. I would buy some Oyster Pearl (PRL) if I were you guys. Solid team and the price is <$1 at the moment. It was riding $5 before the crash.
No way to catch the absolute bottom (and very risky to try), I'll be waiting for a clear sign that the market has reversed and then buy on the up.
I mean, even if you buy right now, it's probably going to be worth more in a months time.
The alt market is done until btc rebounds and stabilizes.
Stop falling damn you. I would buy some Oyster Pearl (PRL) if I were you guys. Solid team and the price is <$1 at the moment. It was riding $5 before the crash.
It's better to just keep buying at prices below a comfortable entry point for you. One of those will likely be a bottom. If you adopt that mentality you also won't be a nervous trainwreck kicking yourself for not buying a week earlier, or a week later, because you'll have bought during both those times as well.
It feels like 9k is the actual floor. Every time BTC has creeped just below that is bounced back up hard. Now if the market would just realize it has a floor and calm down.
China already basically left the market in the fall. They aren't really impacting this and SK was just FUD. They are fixing taxes, but aren't banning. And the guy who brought up the idea of a temporary ban is probably going to get fired. There really isn't a good reason for people to panic about Asia right now, this is a combination of the yearly january dip and a bunch of garbage FUD with millions of new investors who came in during December panicking.
China already basically left the market in the fall. They aren't really impacting this and SK was just FUD. They are fixing taxes, but aren't banning. And the guy who brought up the idea of a temporary ban is probably going to get fired. There really isn't a good reason for people to panic about Asia right now, this is a combination of the yearly january dip and a bunch of garbage FUD with millions of new investors who came in during December panicking.
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Blockchain tech is here to stay. Mabye not in the completely unregulated form it is now but it won't go away anymore. And even if all countries crack down on crypto, one of the privacy coins will survive and be it just for organized crime.
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Isn't it being decentralized the entire point of blockchain technology?
They arent, they've said they aren't publicly multiple times. Its was a badly translated article that people didn't read right causing a bunch of FUD when SK raided a bunch of exchanges for tax evasion last week. They are fixing tax policy and cracking down on anonymous investors. The finance minister who proposed they might need a temporary ban at some point to enable that has a petition with hundreds of thousands of signatures to have him fired now and they have publicly retracted any plans for a potential temporary halt.
800 bucks gain is good net gain for not much work Take the money and get out while the going is good!
At least on gdax, the sell orders look too stacked. I suspect we will bounce between 9k and 10k all day if these order depths hold.
People have taken out credit cards to buy into the speculative investment*
*Nobody dumb enough for that in here that I know of.
The basic dream is that there's an open technology not controlled by some country or large corporation that lets you make economical trades directly with others - securely and instantly.
All these other "specific usecase" cryptocurrencies/tokens/networks have to prove themselves first, but what I just described has such transformative implications that it will either completely revolutionize the world like the internet itself did - or perish at the hands of governments and corporations that want control (a completely understandable perspective)
Though I reckon the amount of money in crypto that's there due to the "dream" is in the single digit percent range at best. The rest is speculation.
I don't have much in ETH right now but I really enjoy reading your insight regardless. What are your thoughts on those claiming this is the bubble bursting. FUD?
My view is that nothing has fundamentally changed about BTC or ETH. They will both be fine long term. My view about most other coins is that they are too risky for me, and their present valuations were not and are not justifiable. BTC and ETH's valuations got ahead of themselves too, but the rest of the market was really valued way too high. Maybe I'm wrong, but I don't know if the buying enthusiasm for most other altcoins will be sustainable.
Given that ETH broke below $850 though and didn't bounce right away, I am revising my forecast for April from $3k to $2k.
There's so much uncertainty during dips but it's only like 2 weeks since everyone was ecstatic about doing well off of altcoins, so much can change in a short space of time.