Remember that this happens like every weekend. Crypto isn't going to die all of a sudden. It isn't 2013 People are just scared of August 1st and whales are taking advantage.
For instance, compare Litecoin price at 47.5-48 to what ETH and BTC were when it had those prices.
Just HODL and wait it out. Stop day trading and trying to time the market. No idea where ETH will go, but BTC will likely go up 20-30% from ATH and LTC will likely go to 100$ by the end of year.
You'll never get profits like that from another investment, so stop trying to push it further. If you have capital, buy the dip, otherwise wait it out and hodl until a good time for you to cash out with a profit. Also don't invest what you can't afford to lose
>People are just scared of August 1st and whales are taking advantage. No, that's not what is happening. The whales aren't who you think they are.
Read this and tell me it's not connected to crypto being in the red, tell me I'm not a tinfoiler. Because the way I see it, it is connected, and big institutional players just pulled their crypto holdings and other commodities futures contracts out in the past 48 hours to cover BoJ bonds, to keep the lid on the system and USD and equities propped up.
We all know the big banks are into the crypto like flies on horse shit. If this is true, we just caught a glimpse of their hand. We know they were in at least 20% of the market volume.
If banks use crypto to seek profits and balance their books, does that mean it has "currency"? Does that give it legitimacy?
What are the real ramifications of this? I feel like I'm only understanding a fraction of what can be learned from this recent episode.
Isaiah Cooper
So you're saying >crypto is dying because muh banks sounds like FUD
Michael Torres
Nice, just bought a barrel
Hudson Mitchell
It's not dying, it just took a temporary dive cuz the banks needed to balance their books. It'll be back in a week or two.
Carson Brooks
this is fucking copypasta i've seen at least once earlier today....
Ryan Baker
I posted it earlier to make people feel better I know the feel of a crashing market It makes a HODLer out of the weakest of us
Jack Martin
weak hands would sell. Maybe that's the right thing to do. no one can know.
Luis Walker
Can you not read? I think he is way over your head.
Dominic Gray
>tfw I was too busy with work to even check the markets the last couple days and all of the sudden everyone is killing themselves Missed out on all the fun. Oh well, MONA kept me safe.
Parker White
Yeah
Also guys, all you need to beat the market is fucking 10% per year on average. I'm pretty sure crypto is fucking safe for that, stop being cucks and expecting 300% gains every month
Even if crypto dropped 50% then doubled back to original value, then rose 10%, that's still a good year
Sebastian Sanders
>when the value of something drops 50%, it's totally ordinary and expected for it to recover 120% kek, enjoy the bags
Samuel Gonzalez
what is this bullshit. stop acting like this isn't a volatile speculative investment
Kayden Rivera
let me put it this way If you panic sold at 44.5 today, you'd have missed it at 48.5 10 minutes ago, or 47.5 right now. If you owned 333 coins, that's 1000 dollars
Just HODL newfriends, don't try to fight the big guys. Wait it out.
Jeremiah Clark
>read article >no such thing as a bad tick >meaning that the flash crash isn't stupid >also saying people who traded within the flash crash arnt stupid
Leo Bailey
last week ETH only went down to 250s on average if you don't count the one from the death hoax (210) now its down to 230 without any actual FUD
William Hall
Banks dont buy bitcoin. The volcker rule prevents speculation by commercial and investment banks.
Joseph Gray
death hoax wasn't the reason for the crash. That meme spouted after it started
Ryan Wright
>The volcker rule prevents speculation by commercial and investment banks. In your country, maybe.
>People are just scared of August 1st and whales are taking advantage. What's happening in August? Does anyone know how much Etherium from before the split hasn't been spent on both chains yet? I've been wondering this, and haven't had the disk space available to check for myself.
they got it wrong ya dip, first ethereum crashed, then a few hours later the oh noez ripperino threads spawned on Veeky Forums
Landon Howard
Yeah, I've seen the articles They're all as accurate as a CNN blog post Maybe the chinese believed it, but it was a fake. I was literally there minute by minute when it happened and saw the fake shill posts happening. It was reactionary.
Gotta realize that news sites are just as willing to lie as 4chaners are for their own benefit
Samuel Rivera
Is it now right time to buy dip altcoins?
Charles Adams
I'm holding until it's higher than it is now, so I would say it isn't the worst time.
