Cryptocurrency market on free FALL

[bartosimpsonio]

I have already sold all the crypto I had in wallets. Sometimes I get paid in crypto by clients but I withdraw asap.

I've gone cash too for the time being.

lol again.

Anyone selling now, send it my way.
I'll buy some litecoin. Hell, I'll buy some xrp as well.

I promise I will sell it back in a few months.

Be careful, there are serious issues happening. Some folks could go to jail and the Bitcoin hashrate mystery only deepens.

Nothing new here, just whales manipulating the market again using the fear over bakkt the final target is getting more btc cheaper.

Be prepared for some BTC discounts

If you are about to sell any BTC atm.. do it and exit.. otherwise buy or hodl.

It's the stablecoin people. They're doing nasty stuff.

Cryptocurrency market keeps getting worse in the last 24 hours.

I don't know if there is any chance of recovery this year.

It's funny how this shit is getting better and better

Anything can happen but things do not look good for 2019. They tried to pump cryptos but it did not get popular traction nor institutional investors.

Tl;DR: Most crypto is overvalued and the changes we are seeing are normal and expected in current conditions. Relax and enjoy the ride.

Why do I say this?

Every year people sell in the fall and winter and buy in the spring and summer. This is because they are liquidating assets for tax reasons. It's pretty normal.

Also, India and a few other countries are regulating cryptocurrency. This always creates a downturn as people sell, trying to avoid taxes and such.

I don't think Bitcoin needs to be 10k. It was over-inflated as it was used as a haven for tax dodgers. It's only people trying to profit off explosive unstable coin growth who are at real risk. Never invest what you can't lose, friends.

That said, "stablecoins" with actual backing are staying stable as ever. Yes, coins with Fiat, Gold and other backing exist. Not even the US dollar has anything backing it anymore so take that as you will.

Check out some stablecoins like DAI , Tether, TrueUSD, and PAX Gold. Note how their charts don't have wild swings and hover around a dollar. PAX gold is of special note as it is literally backed by actual gold holdings so it's price follows the price of gold and not the US dollar. Have a comparison between a bunch of coins like these. I even attached today's chart for Tether: historic maximum price of 1.37 and a minimum of 0.97 cents.

Stablecoins are the problem. They're not real dollars.

 

[mindmaster]

Be careful, there are serious issues happening. Some folks could go to jail and the Bitcoin hashrate mystery only deepens.

What info do you have?

 

[WatchMaker]

The cryptocurrency market lost over $140 billion in the last 3 months... Wonderful!

 

[arcangel]

Well, good luck buying bitcoin at 9.2k to 8.8k area...

For me, I'll only buy bitcoin when the price falls to $3.5k.

There's almost zero momentum in the market - I see only whales activity.

I think the price will continue to fall, it's better for me to wait for like 2-3 months and see the outcome.

I agree with this. The best way to make profit is to buy at the right price. Any money people use to buy crypto is money that could have been used for something else. I try to spend money as efficiently as possible.

 

[arcangel]

You can earn more by trading with traditional broker. https://paxforex.com/promo/1-2

I would like to do traditional trading but only have limited knowledge. I would like to get into forex because of the quick movements. I dont know how successful robots are, being that if it was really easy to make money then everyone would be doing it, but its something worth people looking into

 

[GGUP]

The market is acting awfully in the last five days.

Is there any chance of market recovery this year or not?

Tell me what is the probability of market recovery this year, if there is?

50/50, either it goes up or it goes down.

 

[WatchMaker]

The cryptocurrency market is showing some signs of resistance before the next crypto winter - Lol