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RE: So what are you buying today from cheap coins ?
Don't buy while the market is crashing. Why try to catch a falling knife?
Until you are confident that the bottom has been put in, sit on your hands and do nothing. And if you can't do that then go ahead and masturbate with one of your free hands - assuming you cant trade at the same time with your free hand.
BTC might be going as low as $2K. Could be $1K.
Be patient.
They buying opportunities will still be there in the future.
If you try to catch a falling knife and fail, you could be damaging your capital in a major way
The best time for buying is when you see everything red. Even if it is going towards 3K or 2K it will rebound.
GREAT DUDE HEHE
but... @haejin told me to buy he showed me a chart and everything ;(
Honestly I have done my own research and think now it the perfect time to start cost averaging as I can buy back what I sold at a massive discount :D
You got a point. It's better to get more alt coin now I think .
Well, I don't know if that's the best way either, because BTC drives the market. I mean, I bought some alts at ridiculous prices (in comparison to ATH) but still, if BTC goes to 5k, the alts will bleed massively. And thats a good thing, the shitcoins will disapear, or at least people will be looking better into them before buying them.
Bitcoin has driven the market for cryptos so far. But we've seen bitcoin's dominance dwindle and the altcoins are getting more attention and looking more and more attractive now that some people have transacted in bitcoin ($10 fee and 2 hour transaction times).
I'm thinking this crash will mark the separation of Bitcoin and Cryptocurrency. Would love to hear your thoughts
Do you mean separation of Bitcoin and Crypto, or Bitcoin and Altcoins?
I could imagine both.
You know, I see bitcoin as if it was your lifelong wife. (Dont stop reading, it looks ridiculous but give me a chance to explain).
You meet the girl. She is AWESOME, the best, the future, you will die for her.(getting to know BTC)
You marry her, life is getting even better, fresh married life..great! (Your first profits)
The marriage stars getting dull, boring, you start looking at other girls. (You realize that BTC is not so great after all, so many altcoins, so much better, millions tx/s...hmm...maybe...)
When you have a moment of clarity and overcome the bad times in the marriage....you realize the value of that woman and of that relationship, and that there is nothing that compares to it, no matter how shiny they seem.
I dont know why, but I have a feeling that bitcoin is going to be massive. Maybe not as a currency, but eventually as many other things.
People talk about being the digital Gold. I agree. But I also agree that it can be the digital EVERYTHING of our world. I´m not very technical on blockchain, but if you can have some sidechains, attach other chains, forks, etc...bitcoin could host everything.
I imagine some chain that has a utility, and from time to time it inserts its state in the bitcoin chain. You dont overload the mainchain, but you "register" some state from time to time. Example: IDs. You have a chain recording IDs for people, a chain by itself secure, but not as Bitcoin. You could every hour/day/week keep updating your state to BTC. If something happened in your chain you could do a reliable fork from the BTC transaction.
I dont know, maybe Im getting ahead of myself.
The question remains, will we use crypto as currency? (I strongly believe and hope so). If yes, which one, how, how many...etc.
I would rather buy in a bearish market than in a bull market. Most of the people who bought Bitcoin at 18k lost a lot of money. Right now I just think that the market is waiting for a trigger to get back up and when this will happen there will be a lot of FOMO. but this is just my humble opinion :)
absolute right point, we have to wait
You are totally right. It is normal strategy to buy alts when BTC is going down but only when you are sure about the BTC support levels. Where are the support levels now? In last few days every support in which I believe was broken.
Totally with you! I just but some fresh money into LTC and BTC as well as Lisk as I believed it was the bottom. BAM! Again 20% down. I am waiting now to see a continuous trend upwards, signs are not yet there.
An if I miss out 20% up for some days I don't care. Got enough to "win" with my current portfolio.
Once markets stabilise and I am out of the red I will start trading I assume.
All, be strong and think twice before following the "buy now" calls. Thanks for wakeup call @davebrewer
where do you see steem going relative to bitcoin in the distant future? (1 year ish) just curious
You are absolutely right,one should have patience