Thats what i read at less informed groups and forums since the morning.
Look at Coin Market Cap.
Thing is. NOTHING CHANGED.
The main website for checking what cryptos are worth just excluded Korean exchanges from pricing due to huge premiums over all coins.
So nothing changed for anyone yet due to loads of misunderstandings people started dropping coins for losses and panicking.
You can get some cheap coins now from uninformed people if you are lucky.
Funny how one website changing their math can cause such panic. Decentralization right ?
BINANCE OPENED AGAIN
On the other hand we have good news, Binance is opened again for registrations. If you didnt do it before REGISTER NOW as they may again close ;)
Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips! |
 |
|---|
I get why people who are new to this market would have the wobbles at some of the volatility however that's the nature of the game right now.
It's gonna be a wild ride for a while and those with heart conditions may want to steer clear such are the wild swings.
Great fun though eh!?
But now market will turn in Green
Monero will go to moon target $640
So, what's going to happen to our coins?
if you were smart they multiplied because you realized the situation and bought as many as you could more! lol
Man I missed that opportunity. But all my coins values dropped so it really wouldn’t of been a big difference going from one alt to another but I wish I had some usd ready in my account. I think I might just deposit some n keep it on standby for a good event similar to this next time. 👍🤑
Haha exactly!
Nothing, or at least nothing new anyway.
It will grow up but slowly
agreed
i think its gone up after some time don't worry
@sibtainali
Buy more and hodl.
CoinMarketCap excluded the Korean Exchanges, this lead to "virtual" price drop, see my post below:
https://steemit.com/crypto/@yefym/coinmarketcap-excludes-the-korean-exchanges-from-the-price-index
is it real metter? Korean exchenge?
Yeah they took out EOS Korean pricing also :)
Ain’t it great?! Monday’s usually suck but this Monday is offering all my coins, such as EOS, at a discount! Cha-Ching
it is... the pumped Korean market has influenced the overall capitlization in about 100$KKK.
so exclusion droped the price in about 10%-30% for many pumped cryptos.... because of speculative korean price...
everything is on sale
yes, you are right no need to panic for it, just keep patience @markjackson1989
just another volatility day
Good time to buy some cheap coins...
Wow, what a stupid reason to panic sell! Its always a good time to buy more!
Yes, the coinmarketcap adjustment was crazy. Why are people itching to sell? I think there is a lot of newbies in this space they are unfamiliar to investing.
Lol 130 billion in market cap lost because of panic sellers.. so sad
every cloud has a silver lining, panic sellers have opened the door for everyone else to increase their holdings.
Dont be stupid my friend, It went down because the price of Korean excluded from market price
Its the crypto blackfriday again!
I was a Bit Coin Billionaire and all I got was this lousy t-shirt.
its nothing the main reason for the dooms day is coinmarketcap is not including Korean market in coin valuation.... as per my understanding......;-)
@adityajainxds
Interesting. I was not aware of this technicality. Anyway, even If everything dropped, this would not change anything...other than providing a chance to accumulate more of your favourite cryptos for cheaper.
it is more a natural monopoly due to network effects. it makes scene only to watch one index just like New Stock Exchange or Nasdaq and not switching everey week to another index.
When corrections like these happen is when you buy more...like ETC in this analysis
https://steemit.com/cryptocurrency/@benperrin117/how-to-trade-crypto-on-binance
When I first started investing in crypto, I was really panicking, when a dip like that happened. Now I'm calmer and more and more confident with every "market crash" that I weather through. It always picks up, super fast, to higher levels than ever before.
yup, binance is opened again. Do sign up and pick up the coins for cheap!
I hope they set their program straight so thing can be and the up on up ,, i'm still hopeful
This is a great post with lots of focus and observation.
I believe this is a good time for buyers to buy and hold then we could see another big record in the market again.
We think there's more to today's selloff, than perhaps meets the eye...
https://steemit.com/bitcoin/@harpooninvestor/cryptocurrency-bitcoin-selloff-today-tron-based
For those in crypto - get a good wallet to store your various crypto coin savings!
https://steemit.com/cryptocurrency/@nzfxtrader/top-5-best-cryptocurrency-wallets
Which is the best crypto wallet that you would recommend for a newbie to the crypto scene? thanks
Binance is closed again. :-(
Seems like I'll never be able to use that platform. I have been using coinbase, but it seems a little step for it's fee's.
Use gdax. It’s iwned by coinbase but much cheaper. No fees. Same login
I have the same problem with gdax; I'm going to have wait til surge dies down some😁
refresh the page and i hope you get a chance to in <3
@sibtainali
Yeh I tried also. I saw a post 16 minutes old on FB last night, and it was already closed by the time I got there. Can't wait for Ethos.
@ibringawareness try it many times, i try it and success in registration
Bagus
korea
BUY THE DIP!
Cryptos at 20% discount!
Ughh... Finally binance opened again!!
And what about steem
It's "RedFriday"!!! Shop shop shop!
Lol.
BTFD :)
Exaclty.
Standard, it happens all the time lol
"Your perception of happiness is a bubble waiting to crack. A sudden realization of great truth, inspiration and/or events can fundamentally change what you deem valuable in life."
...
"Your belief in something's value is what is holding your bubble together. Believe in things that are grounded in fundamentals and community. "
This is a piece out of my recent post -BEYOND- "Is 'it' a BUBBLE?" - what is a BUBBLE? -EVERYTHING-
I am delighted that binance is open for member recruitment.
The masses are in panic: buy - the masses are greedy: sell
Thanks for share
A lot of people may be upset, but CoinMarketCap absolutely needed to tweak their algorithms. There was too much of a disparity between the price they listed and the prices people were actually buying coins at.
Thanks for the post. Always great stuff I read about the korean Exchanges being excluded from coinmarketcap but didn’t understand why the price is dropping and hadnt had time to look into it yet. Panic sell off definitely with prices already recovering from the drop. Thanks.
Veterans should see the buying opportunity, not start panic.
what went wrong ?
Im just glad I dumped my ripple for eos last night.
thats bad that coinmarketcap got so much influence and korean market too. Steem went to 5 usd, im not sure that we had korean markets in coinmarketcap in steem, but still lost around 20% because of panic
Crypto ded. Hope lost.
Haha
I love days like this! I can use paper to buy discounted value, great!
OK, will check and try to sign up
If you're not an exchange now, it'll be weeks before you gain access to anything requiring verification :/
Binance disabled again?
Hi! I don't think cryptocurrency is crashing, if at all there is anything to worry about, it is just temporary, usual stock movement, soon it will rise again. I follow and upvote you.
To be honest, even if it wasn't for the changed math it would be nothing special. I saw similar scenarios often enough. You got me though, was still shocked for a moment ^^
Thanks for sharing.
Nic post