Another bubble pops! Be cautious on the market! Bitcoin & altcoins going down
As we've seen, this morning cryptocurrencies started dropping in value, because of enormous selling pressure. At the time of writing, the price of one Bitcoin was 2455,00 USD at Coinbase and 2156,15 EUR on Kraken. The bubble is always hard to predict, but the massive rises in valuations of Bitcoin and altcoins are normalizing at the moment. So I advise to not make too emotional and quick decisions, but to wait a little and buy, if you have fiat money on the hand for investing purposes. There is some nice entries to coins, which have dropped significantly. If you have a large variety of different coins (which I wish you have) I think, that it could be smart move to buy or trade between different coins which have crashed the most. (But be wise with your decisions)
This is just my gut feeling, but I guess Bitcoin, Litecoin and Ethereum can be the ones to trade between near the August. UASF of Bitcoin will be creating a hassle and nervousness on the market. I give you one altcoin pick on the next post, which I strongly believe has a potential to rise in value.
Take care and invest wisely!
-TT
Yeah i saw this this morning :)
I dont have a variety of different coin ( i'm holding just some LTC ) and i was planing to buy some ETH ( 240€ now ), but i think i will wait this afternoon. i feel like that will loose some more € .
Do u think it's time to buy or i should just wait some more days ?
Edit : ETH price is 227€ in kraken now
Okay, but theres now a great chance to diverse the cryptoinvestment portfolio. Its kinda hard to say, but if you're a long time holder, then I would suggest buying ETH when the price starts to regain value or later today (because the price might rise when you are sleeping). This is just a guess, but I dont think that ETH will go much below 230€. ETH has too much projects and real life use cases, that I strongly believe in much higher price by the end of this year. There is always a chance with almost any coin to lose value due to hacks, technical problems or some other reason and this is why the diversity of investments should be considered
Thx for the advices :)
I'll wait an see tonight. i think and hope that ETH price will rise
i'm mining it in Genesis since 1week, it's just a 90$ contract but i'll upgrad it soon ;)
No problem, as we've seen the market is still going down and it seems, that there may be market manipulation as with recent ETH flash crash. That sounds great :)
Yeah perfect time to buy and hold :D
i already bought some BTC and now i'm watching Dash and ETH.
I love the FUD when price tanks. Only the strong hands buy now.
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