We broke a support level today and the stop losses triggered in a cascading effect. This resulted in a drop of $50 Billion in about 18 hours. The market is testing the lows, will we see a bounce? Nothing has changed in the big picture for crypto, the fundamentals remain intact, this is mostly fear in the market. Banks and Funds are going to be in this market soon.
Happy Investing C# HODLCREW
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@investing, Main of cryptos BTC, ETH, EOS, Steem all was drop down some big percentages. Prices, volumes and market capitalization less currently. Seems dead crypto market. Investors and traders really disappoint in this time. But I know you're the long term crypto holder. You know what I ask from you. You've best idea. Holding and patience key of the succeed for crypto market.
testing times for crypto
crypto price struggles to find a floor amid regulatory concerns, dwindling transactions, sky-high power consumption, and criticism from the world's established financial industry.
we have alot od expectations
hope more people will find this as an opportunity
> Re: Bitcoin Is DEAD Again!!
December 21, 2017, 04:34:03 PM
#122
Quote from: iamTom123 on December 20, 2017, 08:06:47 AM
Today, Bitcoin is declared to be dead again as BitcoinCash is surging so high into the atmosphere as many people are expressing their complaints on Bitcoin's astronomical transaction fees and questionable speed. There is a movement right now in the market expressing a big dismay or disappointment on Bitcoin as this is not the Bitcoin that we are supposed to have. Bitcoin enthusiasts are recognizing this problem and hoping that soon the problem can be given adequate and acceptable solutions. Have you already said your goodbye to Bitcoin and hello to BitcoinCash? Do you think the Lightning Network does have the chance to save Bitcoin even temporarily?
@moniristi, This is pay your attention. Without included main link you again copy and pasted. I seems lot of time you did it to big authors. You using wrongly reward pool. I looked your comments carefully. You have only few chance getting. You continuously do in future definitely inform to @steemcleaners.
Here's the link copying : https://bitcointalk.org/index.php?topic=2619034.120
@hafez | June 11, 2018, 3:59 a.m. | Votes: 2 | [
VOTE ]
investing you always gives us good information and of course what people call the 300th bitcoin "death"; makes me laugh so much. It isn't going anywhere. In fact, Btc and (obviously blockchain) is here to stay for many companies.Some include , ico's like fr8network, UBEX, and cargocoin. Possibly making the real estate industry perform even better with propy and hopefully getting more involved like Muirfield Investment Partners in the blockchain atmosphere.
It's funny, people act as if investments NEVER take hits, never get dips, and only moon. If that were the case, no one could make money in this market.
It's frustrating to see yet another drop, but it's a buy opportunity for some of the tokens and coins if people have been saving their money. If the investments are solid and people hold the course, they'll be there to ride the wave when those banksters come rushing in with all their money at the drops.
Not investing advice. Do your own research.
@nrad | June 12, 2018, 8:28 p.m. | Votes: 0 | [
VOTE ]
oh shut up, your comment is so irrelevant, nobody cares what the price was years before they got in, and nobody that got it anywhere near those levels would care about this bear market anyway
https://cryptocoinrankings.com/blog/wp-content/uploads/2018/03/bearagain.png
After the "Pass over" stage is over we will come back to the mean cost at $4000-6000 territory and will be gradually developing from that point back to 10-20k levels. Practically till mid/end 2019/20 until the point when the new cycle of crypto publicity begins. Taking a gander at history outline it happens each 2-3 years.
Keep in mind our "companion" Nobuaki Kobayashi from MTGOX stores has still 166,000 bitcoins to offer and he is the enormous frenzy merchant.
Breaking $5800 will lead us to an unsafe 3500-4700 zone where mining is getting to be unbeneficial with a last plunge at $1350.
I dont see Bitcoin dropping lower than $1350 even in the bad dreams in light of the fact that at those costs the mining would not bode well.
That will be undoubtedly a snappy plunge with a bounce back to 3500 zone, not a long one. It can happen if Kobayashi dumps enormous measure of bitcoin on the wrong minute when the market is discouraged and not prepared to purchase 166,000 1.9billion worth of bitcoins from him.
**Is Bitcoin dead? **
No it's perfectly healthy, the innovation is enhancing and an ever increasing number of organizations begin utilizing it particularly with lightning convention bolster and less expensive charges. It is dead anyway as a theoretical resource that "dependably develops fast" and permits to make 1300000% benefit for each year. Those brilliant circumstances are finished and will return just in a couple of years when the new cycle of publicity begins around crypto with the presenting something weighty regarding innovation as opposed to "new wallet discharge" or "New York meetup" sort of things.
I will hold it as now no good reason for offer so low in any case and rebuy progressively on the off chance that it goes so low.
What's more, this is an idealistic bullish one on the off chance that our new low is higher than the past low. Here the plunge is $7200-7800 and afterward UP.
https://cryptocoinrankings.com/blog/wp-content/uploads/2018/03/bullish2.png
yeah,my dear good friend.. @investing this time very difficulf for all crypto investors.because this situation crypto market rate very low position.so,no profit doing invest.i think that,this time every steemians keeps should be patient and confidence. If you believe in the future of the technology the price drop is a great opportunity.hopefully this position very early changed being.really you describeing very good post today.i am really appreciating of your post and always support you.thank you for your good anylysis.my friend @investing very well done. take care yourself and best of luck of your great work.may god bless yoy..
Yeh..!!! Crypto market is now crashing.... @investing... With much good news and adaption coming up, I think it's pure manipulation of the market to bring down the prices. After they have accumulated enough, it soon shoots up.
I have stepped out most of my trades and wait for a return.
First I would love to thank you for winning the price today. This is my first ever winning on any social platform. Even though steemit platform is the only one I have ever been part of when it comes to any social platforms. Not even Facewhat or ...
Very interesting info when it comes to mining cost. In US it’s still profitable, in Kuwait 🇰🇼 it seems pretty low below 2k. I think, it’s still a good investment in some of the countries except South Korea (26k! wow) and few more. I actually was expecting this breakdown in the last few months. The lack of volatility gave me a signal we are not at the bottom just yet. I needed to see a huge spike in volatility. I still don’t see it and that’s why I expect even bigger drop. We need to get rid of most weak hands. If we get that huge volatility with huge volume where bulls and bears will fight like it’s the last day on earth, than I would know we are at the bottom. Then I fill my portfolio even more. Than institutions will start buying like crazy as well. As of now our best weapon is patience. If you believe in crypto and crypto you invested in, you will be just fine. All that matters to me is where the price will be in the next 10 years, not where it is today.
For whatever reason your Dtube was unplayable, but that’s fine, I found you on You Tube. Market has been getting smashed. That’s how bear market looks like. It feels like it never ends. We just dropped 50 bil. like nothing. I think reversed H&S is still in play. However, if we go lower, it may not anymore. 240 billion market cap is decision maker. That’s the way it is, majority follows bitcoin. Bitcoin is breaking at this time and everything follows. People are starting to panic. Exchanges must be frustrated as well by lack of volume. They are making much less than with high volatility and high volume. I’m watching bitcoin very closely and even I don’t want to admit it, I see bear flag formation is breaking as of now. Perhaps, that’s what we need to trigger the panic selling. This lack of volume is just ridiculously diminishing to the point of nothingness. But that’s what usually happens, from boring to sudden moves with volume waking up all of sudden. This is a great opportunity for non institutional investors to get on board. There won’t be another chance. Honestly, I really thought US was one of the most expensive when it comes to bitcoin mining. S. Korea I would bet, they are the least expensive until I saw your graph.
Crypto price is a relative issue... Crypto is tied to the USD here in Canada and the USA ... For us to buy crypto we have to convert our dollar (Canadian) to the value of the US dollar because everything is converted first into the value of US dollars even if it is crypto... So for example I can buy $100 in crypto for a day and on that scale it will not loose too much of its value or gain that much value... So if you hold of buying crypto to make purchase and do such the same day that is far better then sinking all your money into the crypto markets... Look, people are buying crypto because there is a chance it would make people money like a regular investment. Miners and a lot of interested people jumped on the bandwagon and created a HUGE bubble... fewer and fewer miners are bothering with the expense... So in my opinion nearly all crypto will drop in value, perhaps sharply... But at some point it will level off with few spikes and valleys... If all crypto was the same value of a single US dollar that would be all the same to me as long as I have no investment before that... It is possible that the Bubble permanently damaged crypto, but as long as its value is stable and reliable that is all that is needed...
