Daily: Why the Crypto Dip is good

in #bitcoin7 years ago

Cryptocurrency markets may be falling, but this might actually be good for long term growth.
1:30 Market Analysis
3:27 Why the Bear market is good
5:17 Core Crypto use cases
5:17 Decentralized Store of Value
6:54 Scaling to microtransactions
8:12 ICO Project Funding to Securities tokens
10:11 Enterprise applications

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Crypto dip is good but hard to digest for faint heart people.

TBH, it is a necessary step towards mutual co-operation to achieve a blockchain-enabled future, spearheaded by cryptocurrencies that aim to stay regulatory compliant.

You can checkout my analysis in my blog post at. I agree with the points made above.

https://steemit.com/cryptocurrency/@cryptovate/is-the-digital-gold-rush-over-usd400b-wiped-from-global-crypto-market-cap-in-january-bloodbath

The donut at the top is also good and also hard to digest!

True, there was so many people that don't get the clear message of HODL!!!

Crypto dip is good but hard to digest for faint STOMACH people.

I agree. Very interesting article :D

Yes, this dip is great. Finally we can get some more cheap coins:)

and I'm buying more doge coin

I couldn't agree more. This huge rise from 8 to 20k was incredibly unsustainable and people have been throwing money at literally anything.

And possibly market manipulation!

I suspect the entire crypto market is overvalued by any reasonable measure, the question is whether the value catches up to the price -- in which case, the sky's limit -- or whether the price drops to match the value, which isn't clear yet.

Good news is, only a tiny, tiny fraction of the world's wealth is tied up in cryptos. Finally, real companies are leveraging the technology. I suspect the sky's the limit. What do you think?

When fear comes and people sell, who buys from them? People that are in this for the long-term. This stabilizes the market and provides a breath moment for technological improvements. Eventually, people that sold will come back for the tech and utility.

Mostly these are newbies. They will comeback later with a regret of selling them so cheap.

Agreed. And the people who sold low only to come back high, tip: You’re doing it wrong.

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We need a market cleansing of all the speculative money

Does anything happening in the current market actually trend to long term? To see the big picture we have to look outside the market to what it represents and cryptos taking the place of fiats is of course the future. Its undeniably better in almost every way and as we begin to see commodity backed cryptos it's only going to increase the drive forward. There is no going back, whatever "Downward Trend" exist, it is but momentary, there is no halting evolution short of complete annihilation and I just don't see the worlds gov's coming together to annihilate cryptos.

Michale your review has been the most honest untill now. I almost watch all your episode via youtube . Love from Bangladesh

I actually like the idea of buying ICOs if not only for the purpose to support good ideas. Plus, real time, real life applications using blockchain technology is the next big thing!

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I like crypto, crypto is good. Having said that, I am really interested in “real life” applications. It will be interesting when my future grandkids (and maybe my youngest child, are learning and applying blockchain in technology courses in high school and college. It seems that although it will no doubt be used in mainstream (read corporate and government) applications, it may also be a tool for decentralizing a ton of crap that does not need to be centralized. Do not ask me for examples because I am not that bright, but the theory seems sound.

I hate to say it but it was something the market probably needed, it will regain momentum and hit higher numbers. It just might take a while to recover fully.

I regret not taking profit when we hit 800billion market cap !

You and I both. Looking back, shoulda sold off a healthy portion at $800B. And on the other hand, should’ve bought a ton more when the cap was $100B. So, technically, we’re somewhere in the middle and that’s not a bad place to be! HoDL, BTFD, _____ insert acronym here.

Hahaha. I knew about it when it was lower, but never bought. So regrets all around as well :)

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we know the most volatile market in the world is CRYPTO ,but we also seen the massive gain og coins in the CYPTO only so we have to keep some patience about the price of bitcoin. this crash of bitcoin was expected by the traders they know this will happen & also they know this will spike like anything anytime so its better to just HODL the coins instead of selling.

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Video!!! This has helped me understand more and more about Crypto🌼

#i Upvote
#upvote back❤
#Follow my DTube Channel: kendradickens

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I'm calling the bottom here is my post as a time stamp for evidence in 2 months when crypto is breaking new highs :D

https://steemit.com/steemit/@safetony/i-m-calling-the-bottom

The dip is good. Just like tech stocks were all the rage back in the day, it'll eventually normalize and certain cryptos will emerge more advantageous. Also, the Robinhood stock trading app will soon offer no-fee crypto trading. Register via the link for a free randomized stock: https://share.robinhood.com/tunaida

Informative post, well done. Just bought more bitcoin, if it goes to 4k I will be upset.

Nice information. Good post. Thanks for sharing

Cryptopanic makes good crypto investors

Just set up your entry position and enjoy. (it's not even close to my entry postion).

dont.jpg

yes stay away from the selling button.

The best time to buy is when everyone is in super fear mode! I almost felt fear myself, but I realized I got in at $1500 so I am still up and also your calm voice on youtube helps me stay focused to stay for the long term.

Your insight always makes me feel better when I'm losing all my money. Thanks, michael!

The crypto market caught the flu!
The flu has been going around here in the US and the cryptocurrency market seems to have caught it too! And now it's vomiting. Just like a person having the flu, the market also needs to wait it out - there is no real medication for this except for time. But even in this bear market - you gotta love it, the highs and the lows, it's all apart of the rush and excitement of the crypto market - it's like gambling but you know your investment will eventually be higher than it was previously at some point in the future due to the low adoption rate globally and the laws of supply and demand and cryptocurrency's deflationary nature. We're going to see some tremendous growth in the overall market cap this year and beyond and I'm so excited about it! This is why you shouldn't get discouraged with your losses, this is the time to learn about the market and really dive into the projects that you want to hodl long term. If you really believe in blockchain and cryptocurrencies, you're in it for the long term. And in the long term, you will make money if you invest into solid long term projects. #rags2riches

Great article, upvoted! The regulatory setbacks we saw in January are honestly unsurprising given how the crypto world collides with fiat and alerts government authorities.

We should still be long on the adoption of blockchain technologies - just one look at the myriad of ICOs and coins on offer will enlighten you to the endless use-case possibilities of blockchain and decentralization. Here's to a great 2018 for crypto and beyond!

Great Content bro! New follower. I like your approach to crypto!

Awesome information! You definitely have giving me a better understanding and respect for what we a as community are trying to achieve! Thanks again!

Totally agree that a dip is good - I was actually predicting that the market would fall down to the $318B range (almost hit it) before it hit Elliott Wave 3 - up towards 1 Trillion. (just my thoughts)

I totally agree as well - up vote

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I hope you are right! It all depends when the sentiment returns. Also when the market runs out of sellers. I do think that we have alsmost reached the bottom but in a bear market it is impossible to predict the bottom!

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I really like the posting and video video on youtube postingannya very useful thanks

AMEN BROTHA

Embrace for the impact! We are in the same plane

Another superb video!

I'm not sure if it's a good thing. But that pretzel....dammmmmmmnnn NOM NOM NOM :)

In the dark times we hodl!

Today someone bought a ton of bitcoin when the price had dropped to 7500$. This instantly brought the price up by almost 1000$. Right now it looks stable at 9000$ for some time. people have to stop their FUD and grow up. No one's banning their bitcoin.

What a great video, very detailed, thank you.

Maybe, and maybe not, who knows for sure?

If the market has a big drop and the recovers to pre-drop prices then I will not have to hear the word "bubble" again!

I wrote a review of your channel on my blog

When rules and regulations will be implemented, then officially pension funds, and other big fish will be able to enter the crypto market.
Then we will see how the whole pond will expand.
Also Govs will get a pice of pie ofc.

"Also Govs will get a pice of pie ofc."

nah, they can get the crumbs.

Yes I liking this dip. Better bit all the coins you can before they jump back up.

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I agree. Corrections are good. It also scares weak hands away. I lost about 50% of my portfolio so far. It's pretty awesome, still about 100% up from November.

Weak hands and FUD is never a good combination. If you don't believe in the technology of the coin that you are investing in, you should get out of crypto RIGHT AWAY. To quote a Redditor that goes by the name Sendmybar:

When you panic sell at times like this you are offloading your crypto to people who are very aware that the market will swing back up. Institutional money was never going to jump into crypto at the ATH and make all is little guys rich in the process, that not what they do.

Always upvoted and always reliable content. Please consider my blog as well. I currently have 70,000+ followers on Youtube, Twitter, and here combined where my goal is to help improve the crypto community. I'm a crypto analyst in the community with high accuracy calls, and a focus on improving YOUR trading game in a concise and educational manner.
https://steemit.com/bitcoin/@philakonecrypto/bitcoin-btc-feb-1-in-depth-fundamental-and-technical-analysis

Cypto dip is definitely healthy for the market.
Don't be this guy
Crying Peter Parker 02022018223834.jpg

Do't be panic by the falling value - speculative money behave this way.
Enjoy the ride ;)

That's why I'm buying more and holding Alt coin.

Ohhhh Boyyyy!!!!

People better take advantage of this dip like a fat kid with dunkaroos!!!

I'm always love your channel. It's very informative, straight forward and honesty. We need more people like you in this sensitive space. Thank you!17498483_10155077388902954_2489030666296666401_n.jpg

These Last weeks I invested thousands of dollars into different crypto currencies and ICOs. The bear market was exactly the opportunity I was waiting for to make an entry in some more "exotic coins" as well. I really enjoy doing some research on the technology of all these coins and tokens. Honestly, this is the most fun hobby I've ever had. I'm so excited to see all these ICOs develop and run thru their roadmaps. AWESOME!

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