We broke a support level today and the stop losses triggered in a cascading effect. This resulted in a drop of $50 Billion in about 18 hours. The market is testing the lows, will we see a bounce? Nothing has changed in the big picture for crypto, the fundamentals remain intact, this is mostly fear in the market. Banks and Funds are going to be in this market soon.
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It's the banks that are hell bent on pushing the prices down especially when they see an opportunity with low volume.
@investing Yes, very far of our desired; anytime it could change, but not as fast as I did read, in one post last week. It is difficult when regulations are coming into it.
Yeah looks like that crypto is great again. Another shift in the market call of steem. This price drop looks like it's going to deal serious damage and on the other hand there is no profitable bussiness alternative.
We hope that price drop will not stay in the long run.
This is a really difficult time for all crypto investors.
I'm scared shitless right now.
I know this is the time to keep believing and hodl, but that doesn't change the fact I'm scared.
I hope it recovers soon
I really hope it happens soon.
All these regulations and bans are really testing the investors.
I am.shocked to see in PAKISTAN it cost 7137$ to mine a bitcoin, thats huge man :o
yeah,my dear good friend.. @investing this time very difficulf for all crypto investors.because this situation crypto market rate very low position.so,no profit doing invest.i think that,this time every steemians keeps should be patient and confidence. If you believe in the future of the technology the price drop is a great opportunity.hopefully this position very early changed being.really you describeing very good post today.i am really appreciating of your post and always support you.thank you for your good anylysis.my friend @investing very well done. take care yourself and best of luck of your great work.may god bless yoy..
For whatever reason your Dtube was unplayable, but that’s fine, I found you on You Tube. Market has been getting smashed. That’s how bear market looks like. It feels like it never ends. We just dropped 50 bil. like nothing. I think reversed H&S is still in play. However, if we go lower, it may not anymore. 240 billion market cap is decision maker. That’s the way it is, majority follows bitcoin. Bitcoin is breaking at this time and everything follows. People are starting to panic. Exchanges must be frustrated as well by lack of volume. They are making much less than with high volatility and high volume. I’m watching bitcoin very closely and even I don’t want to admit it, I see bear flag formation is breaking as of now. Perhaps, that’s what we need to trigger the panic selling. This lack of volume is just ridiculously diminishing to the point of nothingness. But that’s what usually happens, from boring to sudden moves with volume waking up all of sudden. This is a great opportunity for non institutional investors to get on board. There won’t be another chance. Honestly, I really thought US was one of the most expensive when it comes to bitcoin mining. S. Korea I would bet, they are the least expensive until I saw your graph.
Yeh..!!! Crypto market is now crashing.... @investing... With much good news and adaption coming up, I think it's pure manipulation of the market to bring down the prices. After they have accumulated enough, it soon shoots up.
I have stepped out most of my trades and wait for a return.
First I would love to thank you for winning the price today. This is my first ever winning on any social platform. Even though steemit platform is the only one I have ever been part of when it comes to any social platforms. Not even Facewhat or ...
Very interesting info when it comes to mining cost. In US it’s still profitable, in Kuwait 🇰🇼 it seems pretty low below 2k. I think, it’s still a good investment in some of the countries except South Korea (26k! wow) and few more. I actually was expecting this breakdown in the last few months. The lack of volatility gave me a signal we are not at the bottom just yet. I needed to see a huge spike in volatility. I still don’t see it and that’s why I expect even bigger drop. We need to get rid of most weak hands. If we get that huge volatility with huge volume where bulls and bears will fight like it’s the last day on earth, than I would know we are at the bottom. Then I fill my portfolio even more. Than institutions will start buying like crazy as well. As of now our best weapon is patience. If you believe in crypto and crypto you invested in, you will be just fine. All that matters to me is where the price will be in the next 10 years, not where it is today.
Yes, It very bad news for all crypto holders..
But Don't worry ...!!!!
Be cool..!!
Just wait and see ... Hope crypto come back with us very soon buddy @investing
Agree with you man..@khaled02
Yeah very disappointing after the falling of crypto market. I think need more time to again see the magical moments of crypto market. At this moments we just have more patience. But it's the best time to invest in crypto. Happy investing ♥
Hey man another great video 👍🏻 I feel the market is stagnant at the moment and the interest in crypto is low due to the amount of new money which ended up getting burnt after buying at the top at the start of 2018. Could take a little while for these people to dip their feet back into the water. The general direction of crypto is obvious, but it’s hard to convince people when they’ve already lost money. @investing thanks for sharing.
This is a really difficult time for all crypto investors.
I'm scared shitless right now.
I know this is the time to keep believing and hodl, but that doesn't change the fact I'm scared.
I hope it recovers soon
Just when we think a reversal is near... Big red candle. At this point I don't know what to expect for the short term, it's impossible to predict, long term still extremely bullish though. Maybe I'll tether a bit for now.
@investing Calculate how much the stock exchanges and brokers and related 3rd parties use in electricity, I guarantee its more than blockchain infrastructure. By the way, proof of stake is centralised control which is exactly what we have now
Bitcoin moves, the market moves. With all the exchanges that have bot API's active a single entity with a BUCKETLOAD of BTC can manipulate and keep down the ENTIRE market. This fact is the evidence that news has nothing to do with the current price action.
The crypto market is bearish in all based on the facts of the news that a Korean exchange was hacked of about 2.6 billion dollars, so that news is what cause parnnick in the market that resulted in a massive drop in price of all crypto currencies @investing
@investing very interesting analysis. I see your every post in youtube. Bitcoin is declared to be dead again as Bitcoin Cash is surging so high into the atmosphere as many people are expressing their complaints on Bitcoin's astronomical transaction fees and questionable speed. There is a movement right now in the market expressing a big dismay or disappointment on Bitcoin as this is not the Bitcoin that we are supposed to have. Bitcoin enthusiasts are recognizing this problem and hoping that soon the problem can be given adequate and acceptable solutions. Have you already said your goodbye to Bitcoin and hello to Bitcoin Cash?
definitely@moniristi, This is pay your attention. Without included main link you again copy and pasted. I seems lot of time you did it to big authors. You using wrongly reward pool. I looked your comments carefully. You have only few chance getting. You continuously do in future inform to @steemcleaners.
Here's the link copying : https://bitcointalk.org/index.php?topic=2619034.120
I saw everything dropped pretty good. If you believe in the future of the technology the price drop is a great opportunity.
I wish I had more I could invest right now honestly. I strongly believe BTC will see $10K again within the coming months.
Just be cautious
@investing, Main of cryptos BTC, ETH, EOS, Steem all was drop down some big percentages. Prices, volumes and market capitalization less currently. Seems dead crypto market. Investors and traders really disappoint in this time. But I know you're the long term crypto holder. You know what I ask from you. You've best idea. Holding and patience key of the succeed for crypto market.
Cryptocurrency always this time up and down seems. Yesterday and today cryptos going massive down. It mean cryptos die. Nah....Cryptos never die..It's our hope and will bounce in future. In fact time to buy dip and keep hodl.
Even After the Big Dip Bitcoin's 70,000% Increase Is Far from Being 'Dead'
oh shut up, your comment is so irrelevant, nobody cares what the price was years before they got in, and nobody that got it anywhere near those levels would care about this bear market anyway
After the "Pass over" stage is over we will come back to the mean cost at $4000-6000 territory and will be gradually developing from that point back to 10-20k levels. Practically till mid/end 2019/20 until the point when the new cycle of crypto publicity begins. Taking a gander at history outline it happens each 2-3 years.
well ups and down will always on, just waiting for the right time when it will raise/ alive again.
that is miserable
we can expect some institutional money flow soon
well you were certainly wrong at the time but its looking pretty bleak in 2018
Is Crypto DEAD? Will This Market Crash End Cryptocurrency!? The Truth about the Crypto Market Crash
Keep in mind our "companion" Nobuaki Kobayashi from MTGOX stores has still 166,000 bitcoins to offer and he is the enormous frenzy merchant.
Breaking $5800 will lead us to an unsafe 3500-4700 zone where mining is getting to be unbeneficial with a last plunge at $1350.
I dont see Bitcoin dropping lower than $1350 even in the bad dreams in light of the fact that at those costs the mining would not bode well.
That will be undoubtedly a snappy plunge with a bounce back to 3500 zone, not a long one. It can happen if Kobayashi dumps enormous measure of bitcoin on the wrong minute when the market is discouraged and not prepared to purchase 166,000 1.9billion worth of bitcoins from him.
**Is Bitcoin dead? **
No it's perfectly healthy, the innovation is enhancing and an ever increasing number of organizations begin utilizing it particularly with lightning convention bolster and less expensive charges. It is dead anyway as a theoretical resource that "dependably develops fast" and permits to make 1300000% benefit for each year. Those brilliant circumstances are finished and will return just in a couple of years when the new cycle of publicity begins around crypto with the presenting something weighty regarding innovation as opposed to "new wallet discharge" or "New York meetup" sort of things.
I will hold it as now no good reason for offer so low in any case and rebuy progressively on the off chance that it goes so low.
What's more, this is an idealistic bullish one on the off chance that our new low is higher than the past low. Here the plunge is $7200-7800 and afterward UP.
oh sir,,,,,,,,nice post
Bitcoin dead AGAIN?! Over $1 billion crypto stolen
Bitcoin dominance over the past 7 days has reduced, with the week starting at 38.64% and finishing at 37.95%, a reduction of 0.69%.
testing times for crypto
crypto price struggles to find a floor amid regulatory concerns, dwindling transactions, sky-high power consumption, and criticism from the world's established financial industry.
we have alot od expectations
hope more people will find this as an opportunity
BTC is dead? Long term forecast? – Bearish again.
I would rather not state it yet the bulls surrendered the previous evening and what was resembling a potential $11800 breakout into 14-16k zone currently resembles a fantasy. We are over into a solid bearish channel and things are not searching useful for Bitcoin by any stretch of the imagination.
Crypto is moving down. Steem and sbd also following others
It will rise again like a warrior..
Hope for the best crypto will make it happen once again..
Thanks for posting
I think we will have to wait longer for getting the next bounce. It was really surprising for me to see $14M was lost just within 5 minutes. RIP Crypto.
Crypto will never die, yes the market in a dip but we had those kind of stuff in the past the crypto market is strong and it's will cover from that as well
Sir, it's looking like we're all gonna be jobless if this continues, and my uncle and friend who invested money in crypto aren't gonna like this news, what's perceptions for a bounce?
i think it is opportunity for everyone who have missed at earlier times
atleast i can afford now having some
There are such a large amount of use instances shooting up everyday and a lot adoption taking place, I can't assume how any person would declare its lifeless. ATM's are rolling out, firms are excepting it more and more. I think like too many men and women expected this to occur over night.
Quality cryptos like BTC, LTC, ETH, … will stand tall despite this latest price slam.
It's very obvious to see the broke down the market, i list m loss some dollas, very very obvious...
This post has received a 19.41 % upvote from @booster thanks to: @investing.
Crypto dead again, yes hopefully soon live again, because it can have an impact on the reduction of reward payments for other platforms
You got a 70.41% upvote from @emperorofnaps courtesy of @investing!
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we should b patience.thank you for post it.