The crash is not as bad as it looks

in #rambling7 years ago

As probably many of you I usually checked coinmarketcap.com to see how the market is doing.

While I enjoy a sea of green more then a bloodbath like this and was checking if there is any reason for that sell off, I read
that coinmarketcap changed their formula how they calculated prices.

As you might know Korean exchanges often have way higher prices as fe coinbase.com, which drove the average $ higher than it actually was for many of us.

Now this premium is not included anymore in coinmarketcaps calculation.

Afaik there was no anouncment of them that they will change that.

I am not sure why they changed it as the Korean market has a lot of volume.

While the sea of red might triggered some panic sells, I am hoping to get some cheap altcoins if they keep loosing in BTC value and waiting for the green to return.

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Be Relax It's Trading It Will Come Again Soon !

Great!
May I translate your articles to Hebrew for my community (of course with a credit to you @flipstar)?

how do you think or your prediction about bitcoin price in 2018 whether it will be increasing or going down.
I just want to survey some people's opinion

Target above $50K in 6 months, just my opinion.

Last night my wife told me we shouldn't check the wallets for like 3 months. Then I knew she was a HODLER.

Same with you. Waiting to buy in when momentum shifts :)

nice post.. like tish post.. thanks for sharing following up voted

Really important information many people didn't catch - I am not resteeming often, but here I am ;)

thank you. maybe should haven chosen a better headline :-)

I think the headline fits just right ;)

Enlightening post, what comes down must surely go up.

War für den einen ein Crash ist, ist für den anderen eine gute
Einstiegs- oder Nachkaufchance!
;-)

Jede "Krise" ist eine Chance und so...;-)

boo hoo , Steem is only $5.85 ... that's still a lot !

I am still psyched about the steem price. I was pretty sure we will drop deeper but here we are :-)

Semogga bitcoin di tahun 2018 akan menaik.

Thanks for the news. just read about it some hours before.
Important for everyone who is into that cryptothing.
Don't Panic, relax and HODL ;)

you could use www.livecoinwatch.com instead

HODLing is still the best weapon we have in crypto imo :-)

Haha yeah you are right. Keep HODling

It was exactly the same what I did. Perfect timing for staking ;)

My post about Verify (CRED token) could interest you .. ! tell me what you think about it if you want ;)

Why do prices vary in some countries? I can't remember where but I have seen higher prices in some other exchange as well where some other fiat is used. Is it because of how USD is priced against that fiat?

Suplly and demand I guess. I know in Africa they paid a premium of 5k$ once for BTC.

It is easier to use your "local exchange" still to get fiat into crypto and people who want to get in badly are willing to pay that premium

Thanks for the info

I prefer the term "correction" to crash. It's just people cashing out on a high price and will probably buy back in at a lower price. Nothing to worry about here, everyone!

Thanx For great information :D

Oh wow I had no idea, thanks for the heads up! And I'm on the same boat haha! I'm planning on picking some cheap alt coins up with some SBD! Which alt coins are you the most interested in at the moment?

There are a couple witout any order
Monero, EOS, ADA , KMD, ICX are the ones I am buying atm. I just buy one everyday and the one with the least green or the most red.

Which ones are you looking into?

I heard this news of CMC .. but still dun really understand .

It was a great chance to buy! A blessing :-)

Thanks for the information but i still having a pending TBC hanging in the market

Nice one, but the topic should be something different