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

4 months ago
67 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
57
  ·  4 months ago

I am not selling my bitcoins.
Only HODL 😬

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29
  ·  4 months ago

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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55
  ·  4 months ago

Good luck. I think bitcoin is heading to 0.

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67
  ·  4 months ago

lol may as well quit Steem then

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55
  ·  4 months ago

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

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46
  ·  4 months ago

EOS will go upto $ 19.50
eos.png

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67
  ·  4 months ago

easy

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63
  ·  4 months ago

you sir were right

51
  ·  4 months ago

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

67
  ·  4 months ago

Mainstream news following bitcoin value.jpg

42
  ·  4 months ago

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

56
  ·  4 months ago

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

45
  ·  4 months ago

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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63
  ·  4 months ago

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

53
  ·  4 months ago

lovely job.also good !thank you so much!

61
  ·  4 months ago

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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63
  ·  4 months ago

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

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61
  ·  4 months ago

Sure. Thanks 👌

9
  ·  4 months ago

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

45
  ·  4 months ago

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

47
  ·  4 months ago

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

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30
  ·  4 months ago

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
  ·  4 months ago

but is like its affecting steem and sbd price

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67
  ·  4 months ago

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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67
  ·  4 months ago

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

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47
  ·  4 months ago

Ok dear....lets watch

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63
  ·  4 months ago

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

40
  ·  4 months ago

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

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63
  ·  4 months ago

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
  ·  4 months ago

Nice article

66
  ·  4 months ago

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

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63
  ·  4 months ago

hahahah

63
  ·  4 months ago

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!

47
  ·  4 months ago

good info. nice post

25
  ·  4 months ago

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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67
  ·  4 months ago

Don't spam my blog

61
  ·  4 months ago

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

54
  ·  4 months ago

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.

37
  ·  4 months ago

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

40
  ·  4 months ago

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

30
  ·  4 months ago

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.

50
  ·  4 months ago

Think I will invest again and hope for a correction!

56
  ·  4 months ago

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
  ·  4 months ago

It's overpriced

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56
  ·  4 months ago

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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63
  ·  4 months ago

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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67
  ·  4 months ago

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

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63
  ·  4 months ago

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

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67
  ·  4 months ago

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

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63
  ·  4 months ago

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

65
  ·  4 months ago

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

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67
  ·  4 months ago

Thing's looking good this morning 😉

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65
  ·  4 months ago

Damn. Carnage gets the clicks 😉