The crypto market has been seeing a huge crash over the last 72 hours. When is it going to stop? CryptoCurrency News!
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I am not a professional financial adviser. All investments you make are of your own. Do your own research.
When is a good time to buy into projects we believe in? I keep investing as prices go down and I keep seeing new all time lows I’ve never seen before. Am I wasting my money? Am I investing smartly? If these coins go up I should see massive growth I think. Someone please help!
Hang in there! I have been doing the same thing. This market correction was much needed. Those getting in on the dip will be able to reap the benefits long term. IMO 6k is the likely support before we head back in the right direction.
it hit 6k last night just below it. hopefully you are right. yes we did need a correction but this was huge.
What will happen if the price goes below 6k? do you know when the next support is?
I believe 5k is a support. The best way to go about buying into projects is waiting for them to not be at an ATH/wait for correction, then buy in, and hodl it until you see the benefits you expect. That means hodl through High and Low. Never FOMO into a position (I learned this the hard way and am now holding some bags) and do your research properly. And some common sense goes along the way.
Another good thing to do is take a look at the roadmap for that project/crypto calendar to see whether any big announcements are coming up on which you can expect to make a profit.
During this current crash best thing to do is to look at the graphs and see what it's all time high was and what it's support was like. If you can get in at a low price you can usually expect it to go up to near ath values eventually. An example I can give you is my TRX position. I bought in at €0.044 after it had hit an ATH of around 20 cents. It's already doubled the value once (was out of the house and could cash in on it) before it fell to about 7 cents, and then the crash happened. With the experience I've had with TRX I know that buying at this BIG LOW will net me a huge profit come market recovery.
Unfortunatelly I don't find myself in a position to make any moves right now, especially when you consider I already play with low values to begin with.
Im holding and not selling that's how i lost a bunch of money
Well I don't know how long you been investing into crypto. But when do you buy your coins? Do you buy them when their in the red or when they are green?
I generally look at coinmarketcap.com and see what the overall market cap is and make my decisions based on the total cap number. I don't think you should pull your money at a loss unless its absolutely necessary.
I hope this information helps.
I started in January. Haha great time to get in! NOT. All my coins are at losses but I reinvested more into ones I really like. Check out my blog I posted it about it earlier today. I definitely am not selling unless I have too. I bought my first coins obviously in the green not knowing much but I learned better and bought a ton more on this huge dip. So when the market recovers I should see some serious Gains if they reach/pass all time highs. Cheers, and happy trading!
About 1 month to answer your question lol
I'm in the same boat. I just recently started allocating funds for crypto, thinking it was a good time and I've seen nothing but red. I don't know if I should take my small losses and reinvest or hodl.
Well I’m hodling till I see some profit. Crypto is not dead this is just the beginning. We can be millionaire and not know it. I also bought at all time highs as well as on this crash. We will be green soon. People are saying as early as March. Then again people are saying this summer, never, 5-10 years. I’ve heard it all. Happy trading!
keep holding. I'm sure like any financial market it will go back up and beyond within the next 2 years. This happens almost every year. If you bought just a few days ago, then you don't need to worry too much. Remember that the market is volatile, and today we got really good news from the senate hearing :)
I'm holding my losses because my short term is 1-2 years. If you are just allocating funds, your timing is really good regardless if it goes up or down in the next weeks/months (my opinion only).
Your doing what is called Dollar cost averaging. If you are willing to wait 5+years for returns before you see them I am pretty confident You will see some major ones. I see crypto having a several trillion dollar market cap by 2025.
this is not financial advice, do your own research
HODL but also take gains as your plan deems fit
Well said
I guess we will still have to wait for atleast a month to get fully recovered. I hope it will be next week though... I know everyone is getting slam on their face right now whoever invested on ATH, ofcourse included me however we can just wait. Patience is the key here
Slammed is correct, I am in the hole across the board but hodling strong. #hodl
I believe the greatest fears with respect to the crypto markets is beginning to fade. A US Government statement came out today on the matter with signs pointing towards optimism. Although stricter regulation will be necessary, they can't simply rule against all the innovation that is coming with this growing trend. I expect other governments around the world follow suit.
No one truly has a clue when these markets will truly recover, nor how far the tumble will continue; or even if this will be the last major bearish wave. However, it's beginning to become more apparent that the best of these crytocurrencies will be here to stay, and are surely to make some individuals very profitable in the unforseen future.
Loading up on the currencies with top notch utilities (with disposable income), such as NEO, XLM, ETH, possibly even XRP, while their bear seems like a safe and solid investment. You'll thank yourself a few years from now.
Dislaimer Please research and invest wisely
Last 72 hours??? Try the last 30 days. The market had a massive uptake through December and early January. On Dec 1 the market cap ws roughly around $318 billion and in a very short few weeks it soared to an all time high of over $800 billion by Jan 7th. What I see is that the market has now come back to the point where it was before that boom.
The explosion in market cap was an unexpected phenomenon at the moment. Although many of us do believe the market is destined for great things and a billion dollar market cap might be in the future this rise was something that no market could sustain for long term growth. Long term growth and stability comes slowly. This was a surge that got the most amateur of investors involved and as things turned sour we can see that they have clearly gone running for the hills and are hiding their cash.
By no means do I pretend to be an advisor but I know that solid growth is still in our future and I am going to continue to HODL!!!!
I agree i think that we boomed so fast from December to January that it resulted in a huge correction and massive selloffs.
Market is at a great discount. Love this right now.
Im not worried at all. I believe in this technology! WE are the pioneers. I cant wait for the future!!
its weird though it is not really a crash its more like a rollercoster it goes up then down then up and down so idk if you can say what people are thinking
If you beleive then its really more like a cryptopportunity
Can't wait for the money to start flowing back into this market! People need to realize we went from 800billion market cap down to about 350. We will see another rise. Each market correction was followed by record highs and I think that is what we will start to see in the coming months!
Thanks for the "all in one" news for the day video!
Really hoping to see btc rise to 22k as i started mining some. I am looking to invest more money when i start making money on my initial investment.
same here. 11 th as of now, riding that McAfee train!!
We’ll look back at this time and laugh... while counting our profits. Ha ha ha ahaaaa
Hopefully we'll see some lower dips, I'm hoping for it to go lower than $7000 tonight. Soon enough it'll climb back up, so invest wisely.
Asian respond to US news doesn't seem to be supporting the market. They will for sure sell of before they go to bed.
I agree. Watching closely tonight to see if the dip will be above or below last night's. It's going to be a roller coaster for awhile. We just need a upward trending "bottom"
It will get very volatile as the downtrend comes to an end
I'll be buying when it dips again for sure, great content as always!
I sense a huge burst of optimism in the markets after the Senate hearing
This is just a much needed correction to weed out the shitcoins. And i also feel like the whole China banning crypto is scaring a lot of people. They were a big market but we still have Korea and Japan. Just sit tight, it'll turn around soon.
Just wanted to say you guys are awsome and i watch all your videos. Thank you for doing ccn. I do think the market will slow recover but it may not take 10 years. Im thinking 3 years maybe 4. Long holding litecoin for big boom
based on all of the technical analysis I have seen from various sources It sounds like the bitcoin should dip down back to 6500 tonight and 4500 before a full rebound
4500 o gosh that's low. I was thinking not under 6 but I also recon that it could fall as low as -85% then start a recovery. Past history of bitcoin.
I literally JUST posted an article about the crash. https://steemit.com/cryptocurrency/@nickthegreek1/the-end-of-cryptocoins-or-just-the-beginning
i'm to waiting for neo hit 50 or 55 usd then i will buy lots of neo. and thanks man you to are th ebust youtuber on crypto currency and i believe in you
If that were to happen I would buy some right away as well.
I'm happy with my portfolio but if NEO went to that level I would have to get even more
Yeah I agree. NEO at that price would be amazing and I would love to grow my position on it at that price.
I just had a conversation with my brother yesterday. I bought into ripple during all the hype in December. I know am at a huge loss, but I told him that i am not just going to use that account to be my long time holds. I know that this technology will boom and its only a matter of time that everyone sees how these projects are the future. I am in in for the long haul!
Thanks for your insight.
It's going to be a while before we recover from this I think its safe to say we'll be there around early march.
I watch this channel everyday on my way to work. I love your channel & all the information but can you guys change the titles? They're depressing Lol
I agree, people shouldn't expect an immediate recovery as its going to take time to establish a strong trend.
I hope it will crush again great buying oportunity
Ittle go up when people stop selling and start buying lol 🤷♂️
Smart investors have a strategy and perform due diligence on every investment. Those that panic use emotions to make decisions.
Buy Buy Buy
I think with the FCC news about cryptocurrency, the market is going to go uptrend. I might be wrong if some other bad news happens. Hopefully everything goes well :)
BTC will be downtrending till March
Surely there was at least some talk of tax. Crypto aren’t treated the same way as stocks are so anyone who currently trades on Coinbase or Gdax might get taxed heavily. Surely there was something said about that little problem right?
I hope you guys will be throwing all the same content on here as you do on youtube. I just got on steemit, and look to use steemit over youtube. You guys are the reason I heard about steem.
12WGKx8fQe8c5pecWo7dzm3Vyn1vpLfqjM
aww man. i forgot my BTC link or should i use ETH? Hummmm 1 full ETH yum lol. anyway i am new to steamit and o this is cool. Thanks for all the vids.
BTC = 1H7yKFCgsRKxqW9YDnjeYd3SLVTpop3oCD
ETH= 0x3Ed75120b55De27209d6B594Ae6C5B3A68a07F03
I can still smell the bears, even with all this green that Im seeing!
yeah, it will take time to establish a bottom to the market.
is TRON dead?
No, its still a very young token.
how long should i hold? i have 2k for 2 months now :S
End of March at least, they are doing a token burn which is likely to increase the price. I'm holding for years on this one. You have to try and emotionally detach from your investment. What price level did you get in?
HODL HODL HODL!!!!!!! The market will come back....it always comes back. It might take longer than usual since the great firewall of China decided to block all crypto exchanges, but life finds a way....
This correction was way over due, sure it was massive but if you take a look at the market cap chart it's not too outrageous, if you draw a line from the peek of Jun to the peek of sept and carry it on through to where we are now, it look like we might be close to where we would be if the growth was natural and healthy and did not have that massive moon shot. Just my opinion though we may see some more losses but I'm hoping it will stabilise around where it is ATM and and grow healthily from here
GREat content. Crypto will go to the moon this year!!!
So wish I bought NEO at $64! Been so busy planning my wedding that I'm not able to watch the market enough. This wedding is costing more that what im spending, its costing potential gains I can make with time Im devoting elsewhere.
Hoping this sea of green the last couple of days is the start of our turn around but I remain cautious for at least another couple of weeks. Either way, when we go, we are going big in my honest opinion.