Today Bitcoin and other Cryptocurrencies took a major dip today. Bitcoin almost drop 18% with potentially larger dips in other cryptocurrencies. The blame game has started with fingers pointing to South Korea and China. I was lucky enough to visit Seoul Bitcoin Center and found that there isn't any bad news coming from the government here!
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market is red every where... red!
Good... smaller investors can become whales in time as well now!
https://steemit.com/bitcoin/@maykocan/why-is-bitcoin-are-being-asked-to-create-the-wrong-perception
Thanks, great video! I just posted some updates on several coins.
IMPORTANT Coin Updates (BTC, ADA, BTS, EMC2, ETC, GNT, SBD, STEEM, XVG)
https://steemit.com/bitcoin/@benkalashnikov/important-coin-updates-btc-ada-bts-emc2-etc-gnt-sbd-steem-xvg
Surely you be used to it now =), hold and buy. Take everything give them nothing.
@eight-rad that is well said. My thoughts exactly.
Starting Jan 7, 2014... BTC crashes -23.13% (24 days before Chinese New Year which was Jan 31, 2014)
Starting Jan 26, 2015... BTC crashes -32.35% (24 days before Chinese New Year which was February 19, 2015)
Starting Jan 15, 2016... BTC crashes -24.19% (24 days before Chinese New Year which was February 8, 2016)
Starting Jan 5, 2017... BTC crashes -35.39% (23 days before Chinese New Year which was January 28, 2017)
Starting Jan 24-25, 2018... will BTC crash 25-35% to continue the trend??? (23-24 days before Chinese New Year which is February 16, 2018)
Very nice :) exactly my point too sir.
Unfortunately yes. We will see $9,000
Interesting seasonality there... However, if the China had already banned trading, how are they having so much influence on the price?
Think they banned trading jn september and lost billions when bitcoin went to 20k..so dont think they will ban it anytime soon..if they do like s korea it wont be permanent ...lots of money to be made for countries trading crypto
Charts dont lie!
It is f*cking bloody!
When you see so much red.. is the best time to buy more..
The dip is over! everything is on sale! the next stop is 50k!
It's easy don't think about is as about lose and buy more
hodl
Ya, I decided I wasn't going to check it for a while too......... maybe I lasted a little longer than 20 minutes! So true about that Reddit comment.
I've checked 100+ times a day lately, no joke
lol thats hilarious same exact thing here... I was like im just not gonna look not watch till i start hearing buzz of the bounce back but i been on a hundred times watching the blood bath... ohhh We shall recover!! we been here before. thats what i keep saying
panic
Everything is coming back to realistic valuation. No worries here. We weren't all going to tolerate 50 dollar transaction fees forever. So hey, remember that this thing is unstoppable in the long term and continue to weather the storms!
Excellent analysis.
This is the best post on Steemit visit my blog and vote me
I need to stop looking at my Blockfolio App.. anyone else agree.
Thanks for sharing,nothing is certain and i think people are going to rush to but bitcoins now. I wish i could buy haha
Many exchanges disabled new sign-ups, which is preventing fresh $ from coming into the ecosystem. This is another big reason for the current dip, but is not getting the blame it deserves. As always Hodl!
talk about market inefficency
Warren Buffet trash talking Bitcoin was in the news everywhere again too. I love this Bitcoin rollercoaster gif I found on reddit :) https://steemit.com/cryptocurrency/@sebaztian/weeeeeeee-journey-to-the-centre-of-the-earth
I think bitcoin will have a great future because his strategy is good in the digital currency world @boxmining
Time to buy more :D
Couldn't agree more. It's actually a very positive and exciting time for people that believe in crypto.
Buying up all my favorites today while the market bleeds.
I'm doing the same thing. My 2 questions right now are when to buy during the down trend, and which ones I think have the most potential to come back (like phoenix from the ashes lol), or come back the strongest/fastest
Very nice post and your video, i like this. all the best my dear
https://steemit.com/bitcoin/@uzay/how-can-positions-be-taken-for-bitcoin-in-2018
well if history repeats itself, then now is the time to buy again. Thank you for your posts @boxmining
Nice that about blockchain........
also good for bitcoin
thanks dear for sharing that is
bitcoin center, that's really cool! i wish there was one here too! well at least they are optimistic :)
It's mostly from the China FUD in my opinion, although I am not sure why people are acting so surprised by this China news as they have been continuously cracking down on cryptos for months now, so the recent move really shouldn't be unexpected. Can't we just realize China is out of the space for now, and stop over-reacting to every piece of FUD that comes out of that commie country?
users selling their coins due to China's FUD isn't the big picture. It is more likely that the Miners are dumping their shares before relocating.
Very good publication. I invite you to go through my blog. Maybe something that you might like and help me with your vote.
This dip isn't as big of a deal as it seems, hodl all of your coins/tokens and enjoy the ride back up guys.
It's a big deal when you go from 100% gains to 10% loss in a couple weeks....I should have sold and bought back in.....buy and hold does not seem to be good for cryptos
We survive because we're HODLers.
We've had a really good couple of months so it's normal that it should cool off a bit and to be fair it's just retracting a bit from last weeks gains so it's not really a massive drop
It is a massive drop, not everyone had 1000% gains before the drop..
Welcome to crypto currency this is what we mean when we say it's volatile and not for weak hands. I'm going to be buying crypto now! Best buy opportunity of 2018 everything 50% off.
Yeah exactly. We had an amazing, crazy two months and it can't just always go up
Fantastic to find someone on the spot in the right time with a different opinion. Me and many others , I think , trust you and your news ... even more than bbc or coin desk :)
there are some groups in the world. they are trying to keep away peoples from bitcoin and other cryptocurrencies. they spread some bad news about cryptocurrencies and they take advantage of the low price market. they want full control over the crypto market.
Im buying so much EOS...
I don't understand why people are panicking. Its silly actually. South korea is just one country. There are over 200 countries more left. Anyways this crash has made steem somewhat affordable for me.
thanks )
The happened every single year in the past. If history repeats itself as many says about bubbles, then this is a repetition of history too. Then, a boom will come out after this, and a higher boom, higher highs for all crypto!
Stay strong!
What dip? It’s just a normal day in cryptoland :-) Seriously, if the dip is really caused by upcoming regulatory involvement than I think there is some misperception in the market. Regulation will come anyway and is also needed for the crypto market to develop further.
katil, muhakkak olay yerine döner, panik yok almaya devam etmek gerekir, bu kadar kazançlı işi kimse bırakmaz.
I didn't even know that Korea had another exchange. Thanks so much for posting this. It's always good to know that there's more than meets the eye. Thanks so much for posting this!!!
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Hodlers will be the ones who see the most gains at the end of the road. I see clearance crypto right now and buying anything i can that i believe in.
Nice. It's all cyclical stuff... Filling my bags with Crypto over the next few days and Hodling through 2018!
This market is due newbies investors who know nothing about cryptos who are in panic mode. Basically a lot of people bought Bitcoin and other coins thinking that the market would always rise to $100,000. Now the bubble is correcting and nobody knows where it can stop. Maybe what is happening is healthy for the market in general. Experienced investors are probably calm and waiting for the storm to pass to buy.
Free cryptos for everyone!
but crypto wold are so scared by few govs ?
My point of view = HODL + buy more
Umm. Umm... Buy the dip? Right guys?
Oh, thank you for confirming that there is no bad news coming from Korea. Hopefully this calms down all those people that are panicking right now. I don't believe that bitcoin can go to zero. There are way to many people that support this great innovation. This dip will also pass.
Estoy nueva , pero espero ponerme experta en conocimiento muy pronto. gracias y saludos!