Terrible day in the crypto markets...

in #bitcoin6 years ago

No other way to slice it.

I wish I had some positive spin on a day like today, but I really don't.

All you can do on day's like today is close the computer and go out and enjoy life.

Most likely any buys you set up will get hit anyways.

Buying right now is like trying to catch a falling knife.

If you have enough cash you will eventually catch the bottom, but you will get plenty bloody along the way.

Personally, I'd rather be looking at this view as opposed to crypto charts:

(Source: https://www.bandondunesgolf.com/golf/golf-courses/preserve)

Stay informed my friends.

Follow me: @jrcornel

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Now is not time to buy. Just relax and wait the bottom.

Agreed. Pretty tough to call the bottom at this point.

been fiat cost averaging the last week, with an extra large bite this afternoon

Hope you get the bottom. I stopped my buys after we broke $6k.

You got a 26.59% upvote from @brupvoter courtesy of @discernente!

Terrible for who?
Not terrible for me, not terrible for most users here, not terrible for most of the population, not terrible for short sellers.

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Just terrible for the 50 million bitcoin wallets that currently own bitcoin. Also terrible for anyone else out there holding any altcoin. And yes terrible for anyone posting on steemit as their earnings drop as steem and sbd's drop, and that would include you.

I know you know that the number of unique owners is less than 1/2 of the 50 million, that the existence of the wallet means not that there is anything in it, that many were only ever intended to be used for a couple of transactions in order to maintain privacy, so this 50 million number means nothing even to someone whom knows as little as I do.

Lol I think you have missed the point. The point is that it means something to millions of people, regardless of how much you want to dissect the numbers.

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This comment has received a 100.00 % upvote from @steemdiffuser thanks to: @stimialiti.

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You got a 100.00% upvote from @sleeplesswhale courtesy of @atempt!

This comment has received a 100.00 % upvote from @steemdiffuser thanks to: @stimialiti.

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You got a 100.00% upvote from @sleeplesswhale courtesy of @atempt!

What’s sad is steem falling to 47, ever since steemfest it seems to be underperforming the market

Yep, it seems to just keep sliding. If they don't ever market it or promote it, it will keep sliding until SMTs MAYBE help save it.

😩😩😩😩😩

Well said!

Yep I’m waiting it out before I try to “catch that bloody knife”!

Follow me plz

Never thought we would see Bitcoin <5k. Just goes to show how little I know. I am not too worried, hopefully this flushes out a lot of the bad things associated with the industry.

You are not alone. I didn't think we would break $5k either.

Black Friday sale for crypto

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But it's not Friday yet?!

Always good idea to get the mind off of markets when they are like this. I have found it so fascinating to watch to be honest despite the decline (given the increase we came from). I am watching carefully as I think the risk/reward on some assets are looking enticing to get into...

Which ones in particular?

I think that dramatic low prices will impact smaller protocols that are more centralized so Litecoin and Ether here look good as these could potentially benefit from failures of up and coming projects that will find it more difficult to fund themselves. Just bought some more of both today. Also, of course buying more STEEM (via SBD as I and just about to post in detail about).

If SBD could hold near its peg that would be a nice play right now. Last I checked SBD was trading down around $.83. I am so glad there were groups intentionally trying t push SBD prices down when they were over a dollar, sigh, where are those groups now pegging it back up to a dollar?!

All good things come to those to who wait.

Lol I wish that sentence was true.

How is the BCH fork directly killing BTC?

Great puns haha and nice course!

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Bandon Dunes in Oregon. It's spectacular.