One more bad day for Bitcoin and all Crypto market. This time reason for selloff is hack of cryptocurrency exchange Coinrail. This is another example how immature Crypto market is at moment. Coinrail is small cryptocurrency exchange, not even at Top 50 cryptocurrency exchanges.
At mature market this kind of thing can't happen, that hack of cryptocurrency exchange with average 24h trading volume of less than 10 Million USD provoked Crypto market selloff of 46 BILLION USD!
I can't say nothing more than WE HAVE ONE MORE FUD!
This situation creates one more buying opportunity and I will buy more BTC, STEEM and COSS today. This is NOT investment advice and if you wanna buy something, please do your own research.
I would like to hear your opinion about current Crypto market drop.
Regards,
Next stop $100K!!
I did buy some more Stratis yesterday!
This week probably some more Neo and Btc, maybe also some Steem!
I won’t get more cheaper than now!
Glad to see that you are still believing in Coss!
Cheers,
Peter
COSS is long term play. I will wait one more year and within that time frame they should fulfill promises. If they do that, I will earn LOT😁
I think it will go even lower than that. Don't want it, but as you said the market is not mature at all. The real bull market we will probably see at the end of the year of the beginning of 2019...although I wished it for June-July.
Possible but even if it go lower I am OK with that. Just don't buy with all money now.
I don't think today's sell-off is due to the coinrail hack, I think it's just speculation it's due to that. I reckon it's just whales being whales again, while using the coinrail hack as a scapegoat, or just media looking for a headline.
On the other hand, how many SBI shares do you have holy...
Whales always control market but I think that they are buyers, not sellers today. SBI shares are great. You help someone and yourself with buying it 😁
Ево превода твог претходног текста, @cicbar, опет уз мале додатке :)
https://steemit.com/bitcoin/@lighteye/bitkoin-potroshnja-energije-i-medijske-lazhi
I am buying more EOS because I see a brighter future in this crypto
i think its a great opportunity for us. i should have buy some steem. but my situation is not so good for buy. is it going to more lower ?? @cicbar
Maybe it will go lower but long term this is good price.
i admire you
What does FUD stand for?
I don't even think that it is all that bad that the exchange rates keep dropping. For people willing and able to invest, I am sure it will pay out in the long run. May be a bit nervewrecking, but I am confident.
Then again, I have much to learn when it comes to this topic.
fear, uncertainty, and doubt
FUD was first used with its common current technology-related meaning by Gene Amdahl in 1975, after he left IBM to found his own company, Amdahl Corp.: "FUD is the fear, uncertainty, and doubt that IBM sales people instill in the minds of potential customers who might be considering Amdahl products."
Wikipedia :-)
Ah, interesting.
Yeah, I could google these things, but everyone uses Google while this platforms comment section is a bit underutilized in my eyes. Gotta go ahead being a good example and make good use of it.
Thanks for the reply, much appreciated.
You welcome 😁
@cicbar, when I checked coinmarketcap this morning, I was heart broken. Almost all top 100 coin slides!
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STOPTo support your work, I also upvoted your post!
it is not the fall that kills it is the landing.....
and we all have hope that bitcoin will never land, soon it will rise in the sky....
No doubt crypto will fluctuate day by day but i am sure crypto will rise again with big profit to the steem community..
So hope for the best ,
Crypto will bring new revolution in the market very soon..
Agree 😁
Indeed, the whales are playing their games to shake the weak. I myself is holding up strongly and investing more on STEEM :) Glad to see that we are in the same boat!
👍
your writing is right
A hack in an exxhange might have been really bad. The hack might be targeted to dropping the price of some coin and making the market look bad, this will create what you call
"FUD"
This is just my own point of view. This havk was targeted on this young and low ranking exxhange cos they are the vulnerable ones and then use it to get the attention of traders in the huge market
once again FUD
Buying now is a great idea but still mind the coins you buy and the exchange you use
Thanks
Regards @richardgerald
The crypto currencies market is highly driven by fundamental news, the massive slides on crypto price is a great way for experience investors to buy more crypto coins because the price will surely move upwards again this week. I am buying more EOS because I see a brighter future in this crypto
I believe there are more people taking advantage of the situation i.e. manipulating the market. It's good to see that we have people so optimistic about BTC and Crypto that it is here to stay and not to going to run away with their money.
Agree 👍
i dont think coinrail hack is a reason ! #HODL for your better!
Decrease cryto price bad news for us..
Lossing crypto market i am buying coin for profit..
This is the best position to buy. Currently the market allows to make money investing for a good investment. This is my opinion
+1
steemit have a bright future I really hope so
If people are going to all the trouble to hack these crypto exchanges doesn't that prove that crptos are accually valuable?
Probably :-)
what should be done?what to do? Is there any option without depending on time?
I expect the best bitcoin, hoping bitcoin will be number one in the world.