Cheap Bitcoins!
This is a rallying call to anyone who has been waiting for cheap bitcoins. CoinCap.io has dipped 10% down to $2600/BTC, while ETH is surging up to $360/ETH.
Let's just say a good portion of the ETH I've been sitting on has been liquidated into BTC. Though I don't hate on Ethereum as a coin, I'm much more confident Bitcoin will hold my value as a reliable cryptocurrency.
To anyone doing the opposite; I wish you tremendous luck in your crypto-endeavors. These are amazing, confusing times we are participating in. Remember that nobody truly knows the right move and perhaps there are millions of "right moves" according to what you are trying to accomplish.
God-speed.
Yes, with what s happening now, there are sure to have been big winners and big losers today.
The weird thing is, if thiswould be going on in the stock market the entire evening news shiws would be filled with financial whodunnits. Here, everyone is just watching it, ating popcorn and guessing what will happen next, confident that it will all turn out okay.
I made the same transaction. Converted some ETH in BTC.
Good point! Perhaps it's better this way.
Perhaps (well, apparently) the general populace isn't ready for such fast-paced financial events.
I hope for everyone it turns out okay, and that they have diversified their investments so that their livelihood isn't too impacted in the event of something catastrophic.
Yes, people who are entirely in crypto (especially if they got in or invested themselves deeper the last couple of weeks) will be worried, but in total, I think everything is still up from 3 months ago,. if only it doesn't fall too far, most people should make out relatively well I assume.