Sea of Red Continues to haunt us.
>quote
I know I have not been in the cryptocurrenncy business for long. It might be about a year or so when I got in cryptocurrenncy but I think I have never seen such a bloodbath in the market.
Each and every thing is in red except for a few, actually except for 5 cryptocurrenncy all others are in the red.
It's really hard to believe such a thing is happening bitcoin is down to 2300USD Ethereum is below 200USD and I could just go on but all in all we are in some deep shit.
I hope this comes to pass soon cause frankly speaking I am also starting to have some doubts.
Don't go look it as a bloodbath but rather a RED FIRE SALE! 20-30% OFF!
This is a heavy crash
It ain't no crash sir, this is a correction. And not likely a correction that will have long lasting price reductions. Especially after the end of the month after segwit. I encourage you to follow if you like cryptoanalysis
Just hold, I've been here before myself. Back then it went from over $1k down to $230 for several years and I kept mining it the whole time. Its current price is still over double that prior peak.
There are a lot of things happening in the background, and people are migrating out due to classic panic. Wait for it to hit its low, then buy, then wait; patience really does work in this environment.
Recently when the price spiked a lot it was expected to have a correction soon enough. But most of the people are too afraid to try anything and only selling while I am buying.
I see you are going for a spread, that should minimize your risk. Be aware there is a fair bit of instability about to enter the market for BTC this coming August, I would advise you to hold at that time and not buy any BTC then until issues have been settled; buying now is probably okay, as it should also be after mid-November. Read up on Segwit2X and UASF to get an idea of the timelines involved.
This is really freaking scary. I think everybody just start to panic sell so the market went down like crazy
Awesome isn't it? ;) It's times like these that the men are sorted from the boys. Think of it this way, Ethereum has plummeted to a 30-day low... Even BTC is in much the same boat. Wait, did I say 30 days? Yes, I did.
What will things be like in three months? A year? From experience, waiting doesn't hurt.
Honestly I am a bit scared but on the other hand I don't have much to lose and there might be a lot to gain so I am buying XRP NEM BTS IOTA GOLEM etc I am just waiting for the opportunity of steem going below a dollar, if it goes below I would wrecknhavoc on it by buying @mathieu4013
The sea of red makes me realize that this is an amazing time to BUY BUY BUY.
Currently I am buying XRP NEM GOLEM BTS etc and anxiously waiting for STEEM if it goes down below 1USD
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