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RE: CRYPTO BLOODBATH

in #cryptocurrency7 years ago

Some great points made here!

My thoughts are similar.............

Many newbies get involved and do not research coins before investing, seen so many crap coins get pumped and then many left holding bags at the top wondering where all the money went.

Please do your research and invest in coins based on road maps, team, pain it solves, coin supply etc.

Current coins way undervalued at the minute (In my opinion) include.....

QSP
AXP
TRAC
VEN
UTK
TNC
ACT
STEEM

Also regarding the continued drop we are seeing has a lot to do with this which I saw today from Alt Coins & Beyond..............

The Mt Gox lawyer/Trustee that is assigned to selling the Bitcoin per court order is doing it at the same time each day (most liquid time)....We're in this until he gets the amount he wants & seems to have a set amount for each day he's allowed to do.
He refuses to do off market selling/auction so as not to affect the Bitcoin price.
The fact that the market keeps trying to bounce back after such huge one time dumps is impressive (I day trade Bit so watching it 24/7 on my screen) but this could take us down a bit until he's done...It's good for the market to redistribute & lower the price but it's hard to watch & wait idle while this plays out...But at least we know what, when, how, etc.