Back in the days when altcoins were all red and bitcoin dumped a little everyone was scared.
Lately we had a few blood weekends or days and later then everything pumped like crazy and everyone made more BTC back.
So while this day may not look superb.. think of cheap investments you can do today that may payoff later.
Top10
Biggest Losers
Keep in mind history may not repeat and coins may not go back ;) But if you ever wanted to invest into some coin and have BTC already, this may be a good day for that!
Of course invest only what you dont care to lose ;)
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I've allocated a small amount of money and I buy in every week. I try to pick a down day.
same deal with me.... little at a time..
keep stacking :)
hold and dont let go until the moon
Buying in the red days is a great strategy. I use it to buy my favorite coins for the long term hold. I hope we will be rich in the next few years :)
Buy those dips! That is the strategy that will work long term since the crypto is only starting and the upside potential is huge..... Those pullbacks are great to add to your long term portfolios.... It would be great to sell the tops and buy the bottoms but it is easy said and harder done.... If you sell too early you will miss the coming profits and might not even able to get back in since price might not dip as low as you sell price..... There are a lot of coins with great potential! Can we go lower from here? Absolutely! Are we going to? Who knows! I wish we did:)...more buing opportunities.... Thanks for sharing, great post!
The altcoin markets are not so liquid.
This altcoin bear market has nothing to do with fundamentals, and is entirely the result of instability and fear surrounding the bitcoin scaling debate.
Real Black Friday deals going on lol
Buy all you can..
I would prefer they would only buy Steem! ;)
True!
The red sea waves are strong on Fridays :)
https://steemit.com/bitcoin/@ravindrasail/help-improve-bitcoin-org-and-earn-bitcoin-with-its-new-bounty-program
During these times I try to double down on what I have and wait out the red days. When I first got started I would sell during the red only to regret it a day or so later. Investing with a long term mindset is the key. It's cool to make a few quick flips on some coins but the ultimate reward comes from being patient.
Ditto. I used to sell....and learned the hard way in stocks on a very large margin call - cost me my twenties....
Marginal trading is another tough lesson to learn if your not careful. I'm glad I caught on to the concept in my earlier trading days. Don't get me wrong with marginal trading as it does have some good value to it. It's just that when it's time to collect from the trades, the bulk of the money goes to the actual lender. It gets tricky so just be sure to overlook the terms before engaging.
yes you are right investing in longterm portfolio is a key short term is always gives you loss so you should HODL your coin for atleast year or two, but this is my personal opinion.
You guys are bang on. The newbies cause these panic waves. HODL.
I just switched over to attempt exchange style trading and it seems like if you do it right you stand to make more profit than just playing the big "3" from coinbase. Do you have an exchange you recommend?
There are at least a dozen "major" exchanges around the world that do significant volume in a given space of trade pairs. Poloniex is an excellent option for a first time exchange account as they vet their available trade pairs well, and only make available what has a significant enough volume developed from other exchanges to support their customers' divestiture should they decide there exists some good reason to liquidate (i.e. truly worthless claims, dodgy mods, fraud, technical problems, etc). Some of the other exchanges like Bittrex or CCEDK use the power of being able to offer listing to a small coin for a larger cut of the transaction fees, and provide a means of capitalization through trading into bitcoin and the others available. As soon as you can trade a coin newly minted into an exchange of any sort, make no mistake that "money" is being "created" just like a central bank does, except the new "money" is in our decentralized open-source ledger rather than the fed's centralized closed-source private/public banking cartel. Additional major players in the exchange game are obviously those of eastern origin, such as BTCe and BTC38, both Chinese. The last group of players would be the futures markets that offer some simple options trades or highly leveraged margin accounts like Bitfinex and BitMex. To give you an idea of the ability they now wield, Bitfinex was being criticized in April for being "insolvent," but have sinced launched IOTA which peaked at a market cap of nearly $1.8B. Value that they created. In their computer. The current market cap is at a paultry $800M, but you can bet they can pay their bills now. For a long time.
Sorry for the red pill. I do that sometimes. Most times. =]
Start with Polo. Follow the rabbit hole down from there. =]
G3
Another chinese site which has english is Yunbi. But you need a chinese bank acct.
I wanted to get PAY & MCO so I signed into BITTREX. They have lots of alt coins there
https://steemit.com/bitcoin/@ravindrasail/help-improve-bitcoin-org-and-earn-bitcoin-with-its-new-bounty-program
It's the moment of selling and getting USDT for the big dip:
https://steemit.com/bitcoin/@crypto-insider/bitcoin-will-collapse-this-july-make-money-out-of-it-usdusdusd
Couldn't agree more. Holding hold would help to gain more financial returns. Selling short could lead to a lot regrets.
I call it a financial rollercoaster and I'm just riding until I reach my level of satisfaction. This whole experience as a whole is a learning process. A day at a time and constant research helps when I see red. Good vibes to you 👍🏾👍🏾👍🏾👍🏾
Smart advice
I am a great fan of LTC and I am sure it will hit $500 soon, because of many reasons that LTC investors know as well.
especially the 24h trading volume, always in the 3rd position. so if you are a wise investor buy low and if it goes up dont sell, and keep just buying as low as possible.
the goal here from investing in digital currencies is financial freedom, I and you still achieve it in LTC.
Even $55 for one LTC is still undervalued.
if you read this comment carefully you will remember me in a matter of 1 year or two if u do what it contains.
Agree, my plans going forward are to take my profits and put them into LTC exclusively. Hoping the best for a dgb recovery soon!
#payitforward
I agree. that why I got excited when it dipped to $45
I'm sure it will outpace Bitcoin this year even if that scaling controversy is resolved
Because what ever Bitcoin can do with SEGWIT, Litecoin is doing better already with Segwit & Lightning Network
Just because I believe in signs, I will! Thanks!
Automatic investment plan for LTC is a good idea (obviously with what you can afford to lose 100% of). I see LTC breaking out August 1, regardless of the BTC outcome. It's a much faster platform and Charlie Lee is crushing the road tour promoting the capabilities and bring Asia on board. Once Litecoin is mass adopted by Asian markets and daily users the price of LTC will soar.
Yes HODL is the ultimate truth.
Patience and endurance are the main reasons for any success; no matter if in business, sports or partnership. You have to sail through the harsh times of life to reach Robinson's Island!
It's always the Q: Are you able to dream on, even everything might be lost... - ?
Cheers!
Yeah It's a solid time to reorganize the portfolio and purchase coins that may have been at price points that didn't seem attractive at the time.
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What do you like about this card in comparison to Bitpay or Coinbase Shift??????? I've heard Coinbase has horrible customer service for the shift card and Bitpay seems to be attempting to operate a legitimate payment system.
Monaco and Tenx would be whaat you need to be looking at right now!
what goes red today must definitely turn green tomorrow. the best time to bag some altcoin is now.
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Most of "sheeps" sell on red days not to lose more.. But actually by doing that, more "sheeps" follow their stupid trend..and they all lose more! The key factor of success in trading altcoins is to keep them on red days! #long term investing!
I guess some of the sheep have had enough when it seems there's a weekly dump though. I'm holding a mixture of long term and short term coins, but many of mine haven't hit previous highs for weeks now so I'm nervous about making any profit on them for ages. When you look at those red days it does seem like it's a race to the bottom!
If you are looking at shorterm profits at this time; you will lose big! Until some months after the hardfork, nothing will return to normal!
It depends. If you're a trader and can see that the floor has been breached, getting out of the trade and purchasing again at a lower price point can be a smart decision. Otherwise, yeah, hold.
Unless if you might never see that low again..after you sold ;)
WOW!
That article is on another level totally!!
Thanks for taking out time to compile all the info.
Much appreciated.
@incomepal
If you are a firm believer, then HODL. During the down days, it should be an opportunity to buy cheaper. Never margin!!!
They up again in today!
Good time to buy at discount prices
cheap as chips!
nom nom nom
You know that feeling when you think "damn, i missed out on this great project"? Well, now we get a second chance on some great coins.
It is not time to sell. It is TIME TO BUY MORE!!!
You better believe the federal reserve is the ones shorting these coins. They want you in the dollar. All the cash alternatives are being crushed right now along with the metals. The problem is they have unlimited funds and can keep this crap up for as long as they want. None of these charts are behaving like normal.
i don't know if they manipulate... but you can gain profit on there manipulation.. .. it the same pattern weeks..if you can't beat them used them
how?
The same way you'd earn money shorting a stock. If you "know" the value of something is going to drop - you short it.
Here's a hypothetical:
That sounds real confusing for the average person. Glad that someone can make that work, nice! BTC/LTC/ETH have adjust price the last three weekends straight.
Start @ 2 minutes and 26 seconds. This is the most simple example I've come across.
Considering that we're talking about a space that is less than $100B I highly doubt this is accurate.
A large part of the volume of trades is coming out of Japan, China, and Korea which can be observed on coinmarketcap. So if anyone is controlling price action its among that group with the big coins.
On the smaller coins it depends entirely on the coin and markets they're traded in and can be easily manipulated as a result.
If you understand what and why you bought something and those fundamentals haven't changed, why would you sell, unless its to finance another purchase?
Too many people are buying for the wrong reasons, hoping it will go up. It's pure speculation and could end badly. The world of crypto is ripe for consolidation!
i would love to get litecoin at 10% discount
This one is a bit steeper then the last few weekends honestly a little worried about this one as we come into some changes here in 3 weeks.
I agree, this dip seems quite a bit steeper than what we have been through in the last couple weeks. I am not sure what to do at this point, take profits and park in bitcoin, althought wtf is going on with bitcoin come August 1st??
We might be hitting the bottom here soon from the looks of it the sell off is starting to turn into a bit of buying and it for sure was a larger sell off then the previous ones.
As per whats happening August 1st is that the majority of bitcoin nodes will try and force the miners to implement a protocol upgrade proposal called BIP148. Depending on how it all plays out it could and i use that word carefully cause a split in bitcoin kind of like we saw with Ethereum and you now have ethereum classic and ethereum. You would in essence have bitcoin classic running the non updated chain while the new chain runs the updated version.
Good point....I believe Coinbase said they will run whichever BTC is of interest to users and miners and the other one will not be adopted. I think LTC will continue to fluctuate over the weekend from $44-$51 then jump Monday morning. It's possible it could hit up $50s again and then will adjust again over the weekend to the $50-55 range. I think this pattern will repeat through the end of the month and then it could shoot up dramatically if BTC hard forks. Thoughts???
My thesis is recent ups and downs are explained by geopolitics.
The Trump Putin meeting went well today, risk off, crytpos drop 10%
Not an issue if you plan on holding long-term
https://steemit.com/politics/@davebrewer/cnn-has-to-eat-crow-by-reporting-trump-and-putin-reach-syria-deal-btc-and-crypto-prices-drop
Interesting theory. I am a holder long-term, but sometimes I wonder if I should shift all into btc to wait it out. who knows!
I'm right there with you on this. The uncertainty is crushing plans but it's definitely worth the risk considering what the upside may look like. Can we just blink and August 1 be here already???
We went up from $20B overall market cap to $110B in market cap. Giving back a large chunk of that gain is highly possible so I wouldn't bet on the bottom being in just yet. Of course no one can really call the bottom. All we can do is either Hold and buy more coins the prices become more attractive or Sell if we think there will be a better opportunity tomorrow.
At the end of the day if you're in this for the long haul these price dips shouldn't be a concern as it's not the first time it's happened. In fact we have seen Three such major downward movements over the past 1 full year post every major upwards movement.
Just gotta chill and head outside for a while until things steady again :)
Sales day!
Massive discounts everywhere :)
The strongest on a weak day... that's a tell.
A pull back is what we need to calm the exuberance in the market. To those who have BTC to spare, have a happy ride back up!
I wish I could think like that but I always see the downside more than the upside.
force youself to be positive ! aparently thats what we excell at here at steemit
SBD is getting hammered today
Absolutely! Great time to buy!
Market is bleeding= best time to buy!!
this is life , sometime you win sometime you loose
In the past, everytime I planned a trade I would sell at a low point and end up buying at a high. Now I just stick to lending and buying when they are low, like now! Buy buy buy!
Ill be like:
Great time to buy for sure.
SBD below 1$ ... I wish I could buy a little bit.
When everybody sells, is it time to buy !
Bright blessings.
lol I'd love to buy more now but ran out of money ...all my money is in coins T_T
Dogecoin is just same same. :D
I noticed that steemit is not in the top 10 or the biggest losers, so where does it fall exactly? Not sure, but it's good to see you talking about bitcoin and other cryptocurrency.
I have invested a little money in Bitcoin, ETH and I mine a few coins on my laptop.
I am hoping that all the altcoins go big as Bitcoin did, many people are hoping that Bitcoin will hit an all-time high of 5K USD by the end of this year.
Picked up some discounted LTC :)
Anyone else wish they had more money to invest? me too!
I've been buying on the downs, now I am out of cash and they keep going down. I need to find a way to take advantage of the bloodbath!
People be like...
ETH for 228 right now
Me encanta haber descubierto el mundo de las criptomoneda. aunq suene increíble es un tema desconocido.
haha good to say ,is definetly a good oportunity to buy
Trading is not the way to go. Patience pays off. Hold on to what you have to get multiple times reward instead of dekking few percentage gains with the risk of losing.
Every weekend the same game :D Buy when its low. Dont sell at the weekend guys. #PAY Token! #TENX
Why does it go down on a weekend?
Less people day trading? More people chilling out? The whales are suffering a hangover? Monday - high day!
Good point
I think that until 1st august prices will continue to vary up and down(mostly down) because of the uncertainty of the Bitcoin changes. If you guys remember last year was the same with the bitcoin halving, and since almost all altcoins are connected to bitcoin, they all suffer in this period. How about we take that well deserved holday? i Think it's the best time to do it!!
It seems to me.. bitcoin went up.. lots of investors jumped in. They also moved into alot of alt-coins.. buying those up.
But really they are not worth so much.. so now the price will slowly drop.
It will go back up again when the bitcoin price goes up.. and when people hopefully make more applications on top of their coins.
People are panicing because of Bitcoin SegWit update at the end of a month and are liquidating their assets until initial period of adoption ends. Market was always volatile but it is dependant on Bitcoin (not talking about daily margins but long term growth). My opinion is that prices will go down even more this month. Deversification is the key tho, and major market cap assets are way to go along the few that are small atm but which have great technology/dev team behind them.
Hold on to everything and buy more! Cryptoworld taking over !!! :)
Holding hold would help to gain more financial returns. Selling short could lead to a lot regrets.
I am a fan of LTC and I am sure it will hit $500 soon, because of many reasons that LTC investors know as well
Did you see TENX ? Got introduced Friday night then fell 90%. Now it is slowly rising again
Bought Litecoin & Dash. Now they are back to their old prices