Crypto Massacre! Losses Everywhere... Coins are Red Again!

in #cryptocurrency7 years ago (edited)

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Another Depression?

4th Time in the Month. Is This a Sign of Bad Things To Come?

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4th Time This Month.. Is this another crypto massacre? We will have To See...

What Do You Think?

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I think they are down a couple points because of skittish traders reacting to BTC. Not a big deal until you see 15-20% losses.

Everything will comeback up and higher then before, in the long run. Although i'm curious about bitcoin as well as the altcoins after 1 august. Hope to see huge improvement maybe huge losses. But eventually we will go to the moon!!

After seeing how incredibly shaky ether can be i gotta say, i feel that the only surefire long term bet is bitcoin. Even WITH the impending..........something that's going to happen 8/1. Whether it's a hard fork or a soft fork, idk.
I'm just so surprised the number 2 coin could be crashed so easily and the second time was a hoax about the inventors death????
That makes ether look weak. Which causes less confidence. I am new to this, about $9,000 total invested in the last 4 weeks. I didn't "panic sell" like i saw a lot of other noobs doing. There are situations when you do cut your losses but this wasn't a time for that. As far as btc and eth are concerned. Give em time. I hope ether comes way up again past 350 but it is seeming to be less and less likely. Who knows! Not me haha

Eth didn't crash Only because of the Hoax, crashed because of 2 more things..

  1. Status ICO - network congested, wallet went to maintenance, people could not transfer it - so People opted to sell Eth and transfer in form of other coins

  2. ICO's Dumping - ICO's are slowly unloading the massive Eth they got. People are throwing Eth at ICO's and ICO's are Eating all they can. Sooner or later they have to Unload.