Bitcoin slides again

in #cryptocurrency6 years ago

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One more bad day for Bitcoin and all Crypto market. This time reason for selloff is hack of cryptocurrency exchange Coinrail. This is another example how immature Crypto market is at moment. Coinrail is small cryptocurrency exchange, not even at Top 50 cryptocurrency exchanges.
FireShot Capture 53 - Coinrail trade volume and mar_ - https___coinmarketcap.com_exchanges_coinrail_.png

FireShot Capture 52 - Coinrail market listings and trade vol_ - https___coinlib.io_exchange_coinrail.png

At mature market this kind of thing can't happen, that hack of cryptocurrency exchange with average 24h trading volume of less than 10 Million USD provoked Crypto market selloff of 46 BILLION USD!

I can't say nothing more than WE HAVE ONE MORE FUD!

This situation creates one more buying opportunity and I will buy more BTC, STEEM and COSS today. This is NOT investment advice and if you wanna buy something, please do your own research.

I would like to hear your opinion about current Crypto market drop.

Regards,

Sort:  

Next stop $100K!!

I did buy some more Stratis yesterday!
This week probably some more Neo and Btc, maybe also some Steem!
I won’t get more cheaper than now!
Glad to see that you are still believing in Coss!
Cheers,
Peter

COSS is long term play. I will wait one more year and within that time frame they should fulfill promises. If they do that, I will earn LOT😁

I think it will go even lower than that. Don't want it, but as you said the market is not mature at all. The real bull market we will probably see at the end of the year of the beginning of 2019...although I wished it for June-July.

Possible but even if it go lower I am OK with that. Just don't buy with all money now.

I don't think today's sell-off is due to the coinrail hack, I think it's just speculation it's due to that. I reckon it's just whales being whales again, while using the coinrail hack as a scapegoat, or just media looking for a headline.

On the other hand, how many SBI shares do you have holy...

Whales always control market but I think that they are buyers, not sellers today. SBI shares are great. You help someone and yourself with buying it 😁

Ево превода твог претходног текста, @cicbar, опет уз мале додатке :)

https://steemit.com/bitcoin/@lighteye/bitkoin-potroshnja-energije-i-medijske-lazhi

What does FUD stand for?

I don't even think that it is all that bad that the exchange rates keep dropping. For people willing and able to invest, I am sure it will pay out in the long run. May be a bit nervewrecking, but I am confident.

Then again, I have much to learn when it comes to this topic.

fear, uncertainty, and doubt
FUD was first used with its common current technology-related meaning by Gene Amdahl in 1975, after he left IBM to found his own company, Amdahl Corp.: "FUD is the fear, uncertainty, and doubt that IBM sales people instill in the minds of potential customers who might be considering Amdahl products."

Wikipedia :-)

Ah, interesting.

Yeah, I could google these things, but everyone uses Google while this platforms comment section is a bit underutilized in my eyes. Gotta go ahead being a good example and make good use of it.

Thanks for the reply, much appreciated.

You welcome 😁

I am buying more EOS because I see a brighter future in this crypto

i think its a great opportunity for us. i should have buy some steem. but my situation is not so good for buy. is it going to more lower ?? @cicbar

Maybe it will go lower but long term this is good price.

@cicbar, when I checked coinmarketcap this morning, I was heart broken. Almost all top 100 coin slides!

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