Market crash possible-please read (important)

[vilcakurt]

Just made a thread about this... I didn't see yours.

I didn't know South Korea could affect the market so much.

 

[Billy Batts]

I know you love it , but I`ve said as well that soon there will be big market bleed after all crypto VISA`s did get blocked.

Ever since MSM got involved I already knew it was the beginning of the end.

When you had BTC and a few alt coins it had real potential but there are now hundreds of coins and more are being added every week, it's total chaos and impossible to implement in daily life and governments getting involved too.

Now I respect the people who are into crypto for years but all those hipsters that surfing a trend thanks to the media, thinking they are boss traders all of a sudden, spending money they can't afford to lose hoping on quick money and losing it, no sympathy for them.

 

[Vapys]

Beware of RT. As much as I love watching this news channel they are quite biased in their news (I mean, which news isn't?). And I did notice they're pretty anti-Bitcoin, except for the Max Kieser's segment of the channel (he's pretty pro-Bitcoin).

And if you read the article closely, they're raiding the big exchange for tax evasion probe, not due to closing the exchange. But they wrote the headline as if they are shutting down the exchange because of banning crypto trading (which haven't even enact yet).

I agree with you 100% normally I do. You are one of the few ppl here who actually share valuable and educated information.

Tax invasion is how the feds will get in the front door. Easier faster and the most cost effective way to shut you down.
This is only the first step, governments are NOT going to allow this disruptive currency to challenge their own economic footings.

.

 

[vilcakurt]

Good time to buy BTC...

 

[∂αякѕтαя]

It baffles me people say they lost money in crypto. How can you lose money when trading against people who believe every fud?
BTFD people.

 

[manolo12399]

the downside of bitcoin is not finished, banks are into it, and bringing back the prices to their likes...

 

[Deleted member 36594]

I agree with you 100% normally I do. You are one of the few ppl here who actually share valuable and educated information.

Tax invasion is how the feds will get in the front door. Easier faster and the most cost effective way to shut you down.
This is only the first step, governments are NOT going to allow this disruptive currency to challenge their own economic footings.

.

Thanks!

But yeah, I agree with you wholeheartedly. Governments ain't gonna let people avoid paying taxes and transact with this currency. This is something that still worries me sometimes, honestly.

Like recently I read an article that stating blockchain technology is superb and can have huge technological impacts on our lives. However, it is all these price speculation that is giving blockchain a bad name. lol

So... time will tell. But better get the capital we've invested in out and keep the profits in so we wouldn't worry much.

Cheers!

P.S: A quick tip for you guys... when such flash crash ever happens again, it is a great time to buy at the dip and sell when it starts rallying back! Ah! A quick profit method for you all! But of course, you have to judge for yourself!

 

[Prototype40]

A little OT:
is it ok to buy LTC or ETH on Coinbase right now and then exchange them for BTC in order to buy ALTS? Or I'd lose value somehow? Is it better to buy (on coinbase) after this little dip is over?

 

[drogon]

I'm going to wait for 16h more, there will be a huge sell wave when the US will wake up tomorrow.. so the price are going even lower.. and then everything will be back to normal in max 14 days.

I thought US was still awake now!

 

[Prototype40]

I thought US was still awake now!

the day after is always worse

 

[TechEinstien]

Sold all my altcoins for now. Will reinvest when it goes down.

 

[virtualpurity]

Sold all my altcoins for now. Will reinvest when it goes down.

I have a feeling you`ll be disappointed..

 

[DunDidIt2X]

Deja Vu---China in October..... Just saying.

They will prolly only implement taxes and regulations. Not a complete shut down. If they completely banned digital currencies, it may very well bankrupt their economy The entire S. Korean economy. How many people there heavily invested?

You guys also have to think they live right by North Korea, which is laundering the crap load out of S. Koreas money. And also, they all might be preparing for WW 3 too.

But until the bombs drop, Im going to hodl and buy the dip.

 

[Mr Spectre]

This is China Bans Bitcoin Part-2 . Everything will be back to normal in 5 days. If you panic sell now, then let me tell that this market is not for you.

 

[Aftab]

It's just a FUD.. everything will be on track in few days..time to buy coins.

 

[DunDidIt2X]

Reuters

• Once a bill is drafted, legislation for an outright ban of virtual coin trading will require a majority vote of the total 297 members of the National Assembly, a process that could take months or even years.

 

[waterworks]

More FUD. Whales eating tankers full of plankton today.

 

[LostKing]

More FUD. Whales eating tankers full of plankton today.

I ate some XLM and ADA today and it was tasty and I`m already in profits
Nice

 

[drogon]

the day after is always worse

Ha yeah, i put half my crypto (going to used for ICOs anyway) into USDT as you might be right and get a second dip that is worse tomorrow before the recovery begins.

 

[payal23j]

I tried to purchase before few days back but its jump again so stop myself. I think after 10-12 hours i can buy and the rates going to decrease more.