Rough Sunday Night Action in Crypto Prices. Red Candles.

10개월 전

Everyone has been predicting a drop, and well we have one.
The big question is whether or not this is the bottom or is there more dumping in site.

I don't do TA, but I read other peoples. I don't have an opinion, but most people are predicting we could have farther to go down.

I'm looking for an entry position, but I'm waiting a bit.

So, here we are:

Bitcoin

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BTC /USDT at the time of posting $6753

Steem

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BTC/Steem

Steem trading at .00001533 or just a smidge over .10
10 for a dollar Steem.

That last candle has a long tail, so it was worse for a bit.

EOS/USDT

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EOS is currently trading at $2.38

Basically, everything that I hold took the hit. I don't trade, but I do occasionally move things around.

Other than looking for a place to buy a bit more this doesn't change any of my plans...

How are you doing? What do you predict and are you immediately impacted?

Let's talk about it in the comments.

@whatsup

PS Wednesday is the closing day for the Dudeior Posts! They have been great, check the tag!

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Thank you captain obvious for creating perhaps the most pointless post of all time...

Posted using Partiko Android

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Hehehe just like the sign on my blow dryer that says dont bring it in the shower. Not gonna work well if I keep getting wtter and wetter.

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Exactly haha, the devil is in the details

Posted using Partiko Android

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oh, I see you are drinking again tonight, and you are welcome.

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Well it's daytime and no I am not drinking, again.. It's the classic steem redundancy post that says nothing and offers no more than a check on an index can provide. If you weren't self voting and circle jerking this garbage, I'd say fine. That's a 3 cent post. But, you with all your blabbering about newsteem etc come up with this to get 100 steem lol.. I wish I was drunk, that would make your antics mildly amusing.

I just loaded up some fiat cause it can take time to get to my exchange due to unfavorable government policy and dumb checks I didn't agree to.
Atleast fiat doesn't drop in value like this normally. It makes me wonder when people say crypto is safer. Um ok not an ideal time to be making that argument. BTC is still above my average buy point. It will rise again, then i will sell it all for an altcoin, then I will buy more when it lowers again.

Maybe I will get 1000 or 2000 more steem. I want to get 18k because it sounds fun in Korean.

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It makes me wonder when people say crypto is safer.

Who says that? :)

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People who think central government manipulation of fiat currency as part of their policy makes fiat currency inherently more dangerous.

Crypto is more volatile and the lack of centralized control presents both strengths and weaknesses.

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First of all, generalizing all cryptocurrencies as Crypto when describing them and comparing them to fiat is wrong. Just being a cryptocurrency or blockchain-based, or decentralized doesn't mean much and doesn't mean they all share the same attributes.

On the other hand, comparing bitcoin to fiat has valid arguments with regards to bitcoin being a better store of value. BTC can also be called safer for certain situations like nobody can easily take away your assets/wealth. Other than that I don't think safer/dangerous comparison applies.

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You are definitely right that they aren't all equal. Generalizing them all is a problem as the outright scams and stable coins are way too different, nevermind varying degrees of centralized control. The only thing they should have in common is a distributed ledger...then there are the privacy coins which anonymize those. In fact a crypto just implies cryptography, so is distributed ledger even necessary?

Stable coins are a good example of crypto that isn't volitile. Baskets of stable coins (ie. Libra) may be more stable than fiat.

So I think it is best just to stick with BTC and maybe a basket of the top 10~30 by market cap....let's call that a crypto etf.

BTC cannot be taken away, but it also cannot be given back when it is gone. Could you imagine the pressure if a country lost 100000 btc to oblivion because of a mistake or virus? They can easily reissue fiat. Also most people will give up BTC or at the very least take it to the grave when threatened with violence. So it can be easily erased against your will.

Interesting implications. The reason it hasn't been an issue yet is because it's value compared to the overall economily is low. With mass adoption these problems may present themselves. Nuke the hardware wallets and the crypto private keys are gone forever making yours that much more vauable.

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Crypto is 100% safe and secure if you ever lost thats your own choice, do not allow people to tell you that if you invest a penny or $1000 you get $10,000 in a week time crypto mining does not generate so fast so be careful who you trust and who you could do business with so many people out there are fake miners on social medials mostly facebook.

Well, my trading portfolio profits for the last 5 months got wiped out and went into a negative. This trading account just became a hodling account. I hate it when this happens. Still optimistic long term.

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yeah, I'm thinking of buying.. want to see if it is done dumping first.

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Times like these I always long into my exchanges and make sure they are working properly just so I am ready. I also think more about my targets for buying or selling and my current budget for buying if I decide to do that.

Nothing worse than not being able to use the exchnge when I really need to because of any nymber of reasons.

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Yeah, I'm thinking of
Buying.. want to see if it
Is done dumping first.

                 - whatsup


I'm a bot. I detect haiku.

I'll be buying more Steem. I want to be an orca some day even if that is not worth much. I still believe Steem has something special in its community and the ability to earn it. It's not just about making money for me. I want to see it help others and create a new economy.

Hi, @whatsup!

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Working nice and perfectly try it then see what its there for.

I bought some BTC with fiat (USD) today, will probably buy more if it continues to dip but this felt like a good time to start buying back in to me.

I got hit like everybody else, but was expected. Some of my steem-engine tokens didn't get hit and wen't up instead! It all evens out. I like how the tokens are in a world of their own. If I make lot of steem it could be with the tokens! lol looks like EOS may be following in STEEM's path!