Market tumbled: Did you buy more?

LucidDomains said:

The legend himself - W.D. Gann

and not all crypto - Bitcoin only.

Click to expand...

Didn't he die before the computer age?

SirDrago said:

Didn't he die before the computer age?

Click to expand...

That's right. He used to draw everything out on paper. But his techniques and market observations still work today, in fact they work in every market in the world where there is plenty of liquidity.

LucidDomains said:

That's right. He used to draw everything out on paper. But his techniques and market observations still work today, in fact they work in every market in the world where there is plenty of liquidity.

Click to expand...

long time no hear.. good to see ya
didn't jump on btc when it was like $100 .. then $500.. now its too late and too risky if u do not have mcuh cash to play with like most people..

either way I think its silly to think btc won't crash a few times in 2018.. and future years.. given it crashed hard few times 2017

so if you wanna invest wait for crashes.

won't crash to $1000 though imo
any time soon

could be big bubble.. but you know what they say about some bubbles.. they can stay real high real long.. for years.. so enough time to make a lot of people rich.. and a lot of people jump off bridges who lose it all

Funny you should say that because my medium term analysis says Bitcoin will fall down to $1200 over the next several months. This is the ideal long-term rebuy and hold price point. If you're looking to get back in for the long-term ignore all the bounces and wait for rock bottom at $1200, hopefully by late summer.

LucidDomains said:

Funny you should say that because my medium term analysis says Bitcoin will fall down to $1200 over the next several months. This is the ideal long-term rebuy and hold price point. If you're looking to get back in for the long-term ignore all the bounces and wait for rock bottom at $1200, hopefully by late summer.

Click to expand...

Not in this life.

The overall cap would have to be reduced to about $50 billion. There’s too much new money being invested and too many savvy investors to let that happen. Plus you have mainstream companies like Kodak who are planning ico’s. This will push crypto into the eyes of people who have never heard of it. Look for the cap to bust thru $1 trillion sooner than later.

Keith said:

Not in this life.

The overall cap would have to be reduced to about $50 billion. There’s too much new money being invested and too many savvy investors to let that happen. Plus you have mainstream companies like Kodak who are planning ico’s. This will push crypto into the eyes of people who have never heard of it. Look for the cap to bust thru $1 trillion sooner than later.

Click to expand...

how low to predict btc to go this year? next years?

Keith said:

Not in this life.

The overall cap would have to be reduced to about $50 billion. There’s too much new money being invested and too many savvy investors to let that happen. Plus you have mainstream companies like Kodak who are planning ico’s. This will push crypto into the eyes of people who have never heard of it. Look for the cap to bust thru $1 trillion sooner than later.

Click to expand...

We'll see.

most people are buying .01 bitcoins and other worthless "alts" for pennies and then talk about crypto all day long like they are some kind of expert. 99% of "investors" know really nothing about it.

Jasonn said:

most people are buying .01 bitcoins and other worthless "alts" for pennies and then talk about crypto all day long like they are some kind of expert. 99% of "investors" know really nothing about it.

Click to expand...

well.. umm.. im in the 99%

may I ask what I am missing? or is this the secret of the 1% elite of the world?

alcy said:

well.. umm.. im in the 99%

may I ask what I am missing? or is this the secret of the 1% elite of the world?

Click to expand...

Not directed at you just tired of everyone being an instant crypto expert when they really have no clue what is going to happen.

Jasonn said:

Not directed at you just tired of everyone being an instant crypto expert when they really have no clue what is going to happen.

Click to expand...

no worry mate
I actually wasn't writing like I thought it was directed at me
I am genuinely trying to figure out what the secrets are.. known only to the 1%

Keith said:

Not in this life.

The overall cap would have to be reduced to about $50 billion. There’s too much new money being invested and too many savvy investors to let that happen. Plus you have mainstream companies like Kodak who are planning ico’s. This will push crypto into the eyes of people who have never heard of it. Look for the cap to bust thru $1 trillion sooner than later.

Click to expand...

Kodak has been on life support for years. It's in the same place every investment vehicle ends up when there are little to no profits.

Kodak stock pulls back; directors disclose acquisitions prior to ‘blockchain’ rally

Shares of Eastman Kodak Co. lost more than a fifth of their value on Thursday, after a bullish surge, which took the company’s shares to a more-than three-fold gain, eased this week. Kodak directors, who acquired equity securities prior to the rally, however, probably aren’t sweating the pullback yet.
Full article: https://www.marketwatch.com/story/k...isitions-prior-to-blockchain-rally-2018-01-11

Seems like buy the dips has finally started to pay off. It's all green today. Good averaging points they were.
My positions are personally averaged out and in profits from before the final fall.

How did you handle?

I cashed out with a 41% return over the last 2 days, trading XRP TRX ETH, all back into ETH now

I personally feel it doesn't take much to rock the boat, and ALT COINS are good for quick trading on dips, but I do not feel comfortable holding them long term like the HODL boys. I also have over 100K TopCoin via TopCoin.Network which I got for free from Uniregistry

At this point with the Regulation word being thrown around, I like to take my profits, and exit. I am using ETH to be my horse in this race.

I am interested to see if the ICO's perform as good as they have out of the gate in 2018, as they did in 2017.

Rajnish Prasad said:

These are market correction and it will remain throughout...next week you will see the rise again...

This not the Saturation point so nothing to worry..

I think it is the right time to invest when 15% downside is there...and it will sure gonna rise by 30% within a week...so i am optimistic on this trend..


This is WHAT MARKET is All About...

Click to expand...

Bitcoin up again
.
12673 usd at Coindesk..

Indian markets getting hit by government regulations, and freezes

So that now adds up to South Korea, China, and India 3 of the biggest markets

looks like korea and china and india have pretty much the power to either take whole crypto market down.. or up...... not sure if permanently, but temporarily for sure.

not so much fun, to have an entire market and industry depend on country or two.

alcy said:

looks like korea and china and india have pretty much the power to either take whole crypto market down.. or up...... not sure if permanently, but temporarily for sure.

not so much fun, to have an entire market and industry depend on country or two.

Click to expand...

A lot of people entered in dec end and Jan beginning.
Then FUD struck and market is down again.

Arpit131 said:

A lot of people entered in dec end and Jan beginning.
Then FUD struck and market is down again.

Click to expand...

Many of those buyers are getting impatient, and most never had a clue either way, and we’re just chasing the money, which was being pushed by the volume in the Asian markets. Times have changed, maybe to much to quickly.