Carnage in crypto markets as BTC dumps and takes everything with it

last month
65 in cryptocurrency

No chipper greeting today folks - carnage out there!

Bitcoin is down 14% over the past 24 hours and the alt market is faring even worse:

On the bright side: we are right into a major support confluence zone on Bitcoin, so with a little luck, this is as bad as it gets:




If you are like me and don't think this is the end of the world, really liking EOS against USD here:




Also STEEM:




and Ripple:

They are my picks - all coins which have been over-performing of late, have strong fundamentals and are into former resistance zones.

It's make or break time - good luck everyone!

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Sort Order:  trending
56
  ·  last month

I am not selling my bitcoins.
Only HODL 😬

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27
  ·  last month

I sold all mine last night just hours before the correction started. Wrote about here: The Beginning of the Correction?

But an investor with a longer time horizon like yourself should definitely continue to HODL to prevent locking in losses since the correction is already under way but buy more at these discounts if the funds are available.

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46
  ·  last month

Good luck. I think bitcoin is heading to 0.

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65
  ·  last month

lol may as well quit Steem then

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46
  ·  last month

I think the steem dollars might be good. I would switch to those if I were you.

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45
  ·  last month

EOS will go upto $ 19.50
eos.png

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65
  ·  last month

easy

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55
  ·  last month

you sir were right

50
  ·  last month

Wow!!!! A great Salute to you. Many many respect to you! And may I know which place is this?

67
  ·  last month

Mainstream news following bitcoin value.jpg

41
  ·  last month

Well time to invest now and spend more money. Wife will be angry tomorrow.

50
  ·  last month

Just HODL, short term fluctuations don’t matter.
We have the same picks, I am very bullish either on EOS and Steem.

45
  ·  last month

Market cap fell to 585 Billion. What is happening right now is people are panic selling. When they should buy more. All the South Korea Regulations is putting people under huge distress. Miners will get affected as a large number of miners are from South Korea and China.

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55
  ·  last month

You are right, please check my last post for the Fundamental.

50
  ·  last month

lovely job.also good !thank you so much!

60
  ·  last month

usually, the crypto world is pushed by speculations and news. I wonder if there is another bad news causing Fud like the South Korea news of last week. anyways, crypto is here to stay and as such, time to buy and power up more steem

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55
  ·  last month

please check my last post, from 1 hour ago there you will have the fundamental :D

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60
  ·  last month

Sure. Thanks 👌

9
  ·  last month

That is the best post in Steemit... Now I vote for you...nice? Voteback😋

45
  ·  last month

Thanks for the update @bulleth. This is a great opportunity to buy the dips. Have a great day.

47
  ·  last month

@bulleth greetings to you.....please what do u think is causing bitcoin deflation? Even me im confuse

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29
  ·  last month

The bitcoin, well as other cryptos too, price are determined by supply and demand. If the price is in higher rates and the holders convert their bitcoins, in huge amount, the price drastically decreased. This causes advantages to who converted their bitcoins and gives disadvantages to bitcoin holders who not convert their bitcoins before them.

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47
  ·  last month

but is like its affecting steem and sbd price

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65
  ·  last month

Correct, this is about marketwide sentiment, not supply and demand on individual coins. On the bright side, when Bitcoin recovers (as it is now), should take other coins with it (as is happening now)

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65
  ·  last month

True, but very basic assessment - the cause behind supply and demand shifts is more relevant - in this case, sentiment.

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47
  ·  last month

Ok dear....lets watch

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55
  ·  last month

Please read my blog, last article from one hour ago it complements with what the poster is saying but on the fundamental side.

40
  ·  last month

There are currently over 170,000 unconfirmed transactions, this can't be helping...

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55
  ·  last month

That's the normal nowadays, is not on that please check my blog. Also, last time I checked there were 200K backlog and the price was higher.

42
  ·  last month

Nice article

54
  ·  last month

So this is what it's like to get raped... ouch

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55
  ·  last month

hahahah

55
  ·  last month

Guys this article is great on the TA side, but for a complete view complement it with some Fundamental, check my post https://steemit.com/bitcoin/@santana33/bloody-tuesday-in-the-cryptos-markets-after-china-moves-further-in-witch-hunt
Thanks!

46
  ·  last month

good info. nice post

25
  ·  last month

For those who are interested in Crypto please read this one too https://steemit.com/crypotocurrency/@aamirkamal/why-bitcoin-is-a-dangerous-investment

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65
  ·  last month

Don't spam my blog

59
  ·  last month

It’s the most wonderful tiiiiime of the yeeeeaaaarrr. I want to go shopping...but with what.

54
  ·  last month

Time for the mice to become men can you handle the drop , don't soil your shorts it will all be back and if not you shouldn't have invested what you couldn't afford to lose.

35
  ·  last month

Oh, it's on sale again?
Time to buy more :)

37
  ·  last month

Good thing we have strong hands. They are getting a biggg work out right now. Ahaaha. The tree is getting shaken again.

29
  ·  last month

You should look for other cryptos, especially low-priced cryptos. At the future, the price will be drastically increased.

I hate bitcoin because of pricey transaction fee / miner fee for me as a boy in short of money for invest.

49
  ·  last month

Think I will invest again and hope for a correction!

50
  ·  last month

Hello @bulleth can you tell us why this is happening! If I remember it was still relatively stable yesterday. So what the hell happened? Sorry for the foul language. I'm confused and frustrated right now.

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48
  ·  last month

It's overpriced

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50
  ·  last month

Thank you for the reply, but after googling it seems that there was a hacking incident hence people are in frenzy.

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55
  ·  last month

Please check up my blog for the latest new, one hour ago I made a post so far 50 reads only and no upvote, though I am happy if you just read it

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65
  ·  last month

Dude feel free to plug your blog once in my comments as it's on topic, but not 10x ...

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55
  ·  last month

Is different from yours, yours is more TA so I think both can benefit our readers, right? Sorry though

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65
  ·  last month

Yeah I have no problem you promoting it once in my comments, but you posted about it like 10x yo

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55
  ·  last month

I know but if you read them I was replying to those asking, what happened from a fundamental point. Thanks.

63
  ·  last month

You surn that it’s not the end of the world bro? 😉

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65
  ·  last month

Thing's looking good this morning 😉

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63
  ·  last month

Damn. Carnage gets the clicks 😉