One Last Crypto Selloff for 2017
It’s been a while since we’ve seen red across the board. The selling that started last night continued into today and many cryptos are now down over 20%. How low will we go?
This isn’t our first swoon of the year. We had one in June/July, which I wrote about here. Bitcoin dropped about 35% in that one. Then we had another crash in September thanks to China. That time bitcoin dropped nearly 40%.
This time around we’ve already fallen 40%. Bitcoin hit a low of around $12,000 today. We’re now back up above $14,000.
I think we could ultimately test $10,000 in January. There’s likely folks that want to wait until the new year starts before selling for tax purposes.
Last night I was using the bitcoin weakness to sell some alts and raise some BTC and ETH.
I’ll be looking to put that to work in the future.
Here’s a list of quality names besides BTC and ETH: DASH, LTC, XMR, NEO, WAVES, EOS, XLM, OMG, BNB, WINGS.
It’s not investment advice of course. But a good place to start your research.
What will you be buying?
It’s all part of the crypto hustle , you hold tight and wait or buy at its low for a higher profit
yep, cheers!
yep, cheers!
Its the cryptocurrency black friday 😍
that's so true... good time to load up on crypto gifts!!!
Peeps who really need it to hit 17k are now dumbfounded with disbelieve buddy it's ending up to be a bad year
Lol happens time and time again... 2017 a fantastic year, even if we finish at BTC 10k.
I will buy as much as possible ripple on longevity
Interesting... I think XRP will get on Coinbase, that should be bullish.
it performs much better than other coins recently
BTS / NEO / MUSIC / XRP / DASH / LTC / ETC
I'll have to check out MUSIC
hodl my friend
yes!
time to buy
i am going for more steem
Me too always!
Yeah we just did a video about this. Pretty fun to watch the market change with the season. I love how much the collective conscious affects crypto!
I could feel it happening when I was trading last night for sure!
We are with you @g-dubs Liquid dry powder ready to deploy as we retest the LOW or complete major wave 5 target ~9450 ?
LOW within hours not days however we're also in agreement the TAX LAW greatly benefits those who SELL to bank winnings after Jan 1st...so we'll see if that could bring add't retesting, however Crypto SELLs contrary to stocks/bonds differ due to scarcity principle so TAX SELLs might be snapped up w/o drawdown effect? Great trading ♨
Cheers!