Welp looks things are getting pretty ugly. Many people who were on the edge of selling are now in all out dump mode. I can’t really blame them, this space is still new and full of unknowns. Couple that with the fact that very few actually researched what they were buying and this is what you get.
Honestly I’m not to concerned, I view this as a culling. A way to weed out those who would otherwise be disruptive at higher heights. Also this will allow the cream to truly rise to the top. Trash projects will get exposed and legitimate one will be able to truly spread there wings without the constant fussing from outside groups.
If you were here for some quick Gaines. Consider yourself REKT. Those in it for the long haul, strap in tight, it’s going to get a bit rocky.
im jus buyign everything ;)
I am only buying what is really broken. Nuls ICX And Ven took massive hits.
Dealing with crypto comes with a lot of emotions . Emotional rollercoaster
I wish i had the courage to dump a long time ago but the mdia told me BIG MONEYS COMING HAHAAHA They got me
Still holding bitcoin private?
Bitcoin Private has been my most profitable investment ever 👍
Are you really saying that with a straight face?
lmao
You know, I'm kind of loving this. I've been wary and uneasy for a while now about the price, but now I feel like the true panic/despair is finally settling in. I experienced the 2013/2014 bubble and aftermath (and hodled all through it, rawr!) so I have been through this before. And the market was still wayyyyy too optimistic. As long as there are people waiting to 'buy the dip' then true despair has not set in yet. I still think we're not there yet.... I think we may drop as much as another 40-50%, until indeed all the newcomers are totally rekt and leave the market. That will be the true shakeout, and necessary precursor to bottoming out.
I have not sold anything. And will not sell anything. I will hodl once more, and this time I will not only hodl but actually add if we go into a crypto winter again
Times like these are what really test the strength of the market. Much needed to eeed our the trash.
I agree.
I'm getting out of tune with the market though, I feel like. This 'market depression' does nearly nothing to me emotionally...
I have to check the forums and social media in order to gauge whether or not panic has set in yet, because I'm not feeling it anymore
Panic is always in. So many people are in shit coins panic will never subside
Not scared (yet) but it is not that I am throwing a party here.
Doubt are coming, but faith will keep it down :)
Yet is correct. Some folks make a living off of crypto so these major dips kind of hurt.
I am scared .......... but that's the deal I signed up for
Hands of steel my friend.
Why sell now. If you believed enough in a project to put in money you might as well hold on until it's finished. Not counting all the shitcoins obviously but the coins that people are properly backing. If the likes of STEEM drops low in a crash I will just use that as an opportunity to pick up more for when it strengthens.
Makes sense, but how many will follow through
I will anyway. Thats all that really matters. And enough other people will too if they believe in the future of the blockchain. Like the STEEM blockchain which has enough users developing projects which will attract more users for the next few years.
I'm not too scared for the long term, but the short term is going to be nasty. Have a look at this
Welp time to get a day job.
I love these moments because it’s allows me to get into projects that I couldn’t before. I’m not concerned as well.
In terms of flushing out the weak hands and getting rid of shit projects, I’m not sure if these dips will do it. Verge has been around for so long and people still buy it. In a way I think we need weak hands because these are the same people that we will need to get wide spread adoption of crypto.
I also see a lot people ask why sell now? Sometimes it’s best to go with the trend. With this I mean if everything is going down to shit, it would hurt you more to hold then to sell and buy at lower price. This way you are able to accumulate more coins.
As always thanks for your post and your help!
Been through this same situation too many times to worry anymore, all will be good.
True.
To the question in your title, my Magic 8-Ball says:
Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.
great content sir
A very good content you've got. I'm new here and would love to make friends and grow time. I hope it's going To be a good one here
The market's shaking out weak ICO's, weak hands and best of all shitcoins. The 51% attacks are only done successfully on low cap coins.
Many people are treating them like penny stocks, total disregard for the technology or lack there of. The future of Crypto is in Blockchain tech (it always was), not speculating.
Without use cases, don't invest in it.
Wrote about this previously. Hopefully this speeds up that process.
yet verge still lives on 😣
😂 ... but for how long? 🤔
The real bitcoin
I know, I'm following you and share the sentiment.
The market will rebound back we just need to be patience and be positive, but now is the right time to buy more valuable crypto currencies
Hope the trash gets dumped hard.
Excuse me for being dense, but WTF does REKT mean?
Ruined.
Thanks!
I don't know why but I'm loving this deep. It has helped me change in all aspect. Instead of dumping or withdrawing I'm saving.... When once we are back eh?? Till then.
That's just a momentary thing. Sometimes I got the feeling that some people don't have a idea about crypto market and they are getting emotional way to often/fast. Just hodl. The whole market is going down but things like that happened a lot of times back then. Nothing to worry about in long term.
They would have caved hard in October. This is minor.
I just transferred more USD into GDAX. I can buy some more crypto in about a week. They've got some guy on a horse hand-delivering the money from my bank, I think.
I'm long hauling it. That's for sure. Too many great people here not to.
I'm long hauling it.
That's for sure. Too many great
People here not to.
- johndoer123
I'm a bot. I detect haiku.
While cute, this superfluous comment is considered to be spam, harms the blockchain, and is the reason why we will soon have to pay for comments like this with Resource Credits. The servers that maintain the blockchain are extremely expensive because of comments like this seeking low effort upvotes, so please do not reward this behavior.
Please consider using this link to give a small downvote of 15% or so to discourage these comments.
Any bot like this should respect the community by providing a whitelist to prevent the post in the first place and then provide a way to delete the comment for those who find this intrusive.
Considered spam by whom? I personally like, if my opinion even matters for I don't know if you're just a bot. I would also like to add that if simple short comments like this are going to cause server problems then maybe it's time someone shelled out some cash to update the system. How are we going to take on another million people or ever be considered a serious platform if "this" type of comment is going to bog everything down....maybe I shouldn't have as much faith in this place as I do.
But hey if nothing else, thanks for being the first to put a serious seed of doubt in my mind. I'm off to do some research now. I hope your week has been wonderful and if your a human or bot daddy, that you have a great father's day.
First, I'm both a human and a father, so I appreciate you considering that. Every action taken by this account is done so with forethought and consideration.
And you sort of hit the nail on the head here. The servers that run the blockchain are run by independent people, most of which are not whales and many continually loose money each month maintaining it.
Beyond all that, this account spent maybe a couple hours writing the bot. Should it indefinitely continue to draw rewards that could otherwise be used to reward legitimate content creators?
That is the larger issue. Rewards are finite and this account is doing no work at all to earn those rewards.
absolutely right! not bothered at all. The chart is BS, the news is not there, and I think people are panicking. I am just waiting for the big money to hit. working in finance i know what this means for banks - trading revenue at a time when revenues are falling. new custody business, new derivatives business. Nomura has built a custody solution. Circle is starting a trading venue. SEC thinks bitcoin isn't a security. Why are people selling? God knows and god help them.
Well remember, plenty have no idea what bitcoin actually is. So this is a normal reaction for them.
fair point. many got into this market only to get rich, buying as much as they could, some even on credit. they wanted to get on top of a rocket that was going up, had to get burnt.
Well we all have a monetary motive, but if its your only motive good luck.