So it's basically dead at this point, right?
>>3349525
Lol, no.
>>3349525
Yes it's dead. Actually all of crypto died because the price went down. We can go back to stocks now.
>>3349525
Do you even Sept 7th bro?
starts at min. 12:30
https://youtu.be/BQuhh5F88Ss
I can't help but feel like this Chinese ICO crash is reminiscent of the news that happened earlier this year about the feds tightening regulations on black markets. The market dipped then, but recovered shortly afterwards, then the big segwit dip happened.
What I can't wrap my head around is why the chinese ico regulations have anything to do with the value of cryptocurrency? It's the most asinine correlation. If we believe in blockchain technology and decentralized currencies, we're investing in this, not Chinese ico regulations.
This whole thing is the most ridiculous reason for a crash. If this takes down the market, then we might as well wear purple horse hats and stuff mayonaise into each others' mouths because there's no reason in this world anyway.
>>3349389
so this should be a call to load up on your fav coins ive been buying all day
>>3349389
Agreed 100%. The entire premise of crypto is to create markets that are immune to central banking manipulation while also offering anonymity and all of the other good things that come along with blockchain tech. Having said that, the news out of China obviously shows just how fragile the crypto ecosystem really is. I can't figure it out for sure either.
One tinfoil hat possibility is that this crash was a coordinated sell-off triggered at the first confirmed sign of "really bad news" (Chinese ICO ban) by a lot of institutional investors (read: major banks) looking to create enough uncertainty to put the entire market into a prolonged bear to ward off individual investors over the next few months while they and the governments figure out a way to buy up more crypto and/or to buy governments more time to enact regulations that will ensure institutional money will be protected.
I find it hard to believe that most individual investors are this weak handed. There are a lot of stupid noobs buying high and selling low but they generally never own enough to trigger these kinds of crashes.
>>3349581
is there any doubt whatsoever that this is the case?
Is it just confirmation bias? Or do Fibonacci retracements actually work in some circumstances? It's really fucking with my head because I can't come up with any reasonable explanation beyond confirmation bias.
>>3349342
confirmation bias.
That's all of TA. Try using TA to make concrete predictions in advance that can be falsified. You probably won't do better than chance long-term.
>>3349358
so, what? You only buy/sell based on fundamentals and news?
What about buying into uptrends and selling downtrends? Like, buying into a coin after 3 green candles on the 4 hourly and selling on 3 red candles or at a stop less after considering volume. There does seem to be a degree of momentum when a trend is established. Also, big round numbers, like when BTC hit $5000. They either bust through those levels or bump up against them and then dip.
>>3349342
If one wishes to master market economics, they will study alchemy and sacred geometry instead.
WHAT THE FUCK CHINKS
>>3349309
President Trump was ahead of his time, China really does fuck us economically at every turn.
the chinese giveth and the chinese taketh away
Fucking hell. This dip is going below $3000
got Coinbase money wanna buy Monero what now? heard shit about poloinex don't want to use them
Bittrex is King
>>3349278
Use Bittrex!
>>3349278
fuck off Grant
When the institutional investors got involved you and you sold to them during the dips, you gave them market control. Now they are using bots en masse to mass sell in order to suppress bitcoin. Learn your lesson. Do not sell your bitcoin.
play the games they play. Buy low, sell high, buy lower, sell higher. Its simple. But you cant buy low if it doesnt dip
>>3349271
I sold all my BTC for BCC when it was at .07. Goodbye Jewcoin
>>3349287
That's fair enough, and I do profit from these bear trends because I know how to trade. But it's the joe shmoe with 250k in bitcoin that decides to panic dump into the coffers of a hedge fund is beyond dumb. The psychological aspect of bots constantly selling is irrefutable.
BTC IS GOING UP
BTC IS GOING UUUUUUUUUP
>>3349183
Cool
>>3349183
Bitcoin
Bitcoin
Bitcoin
Hell Yea Nigga!
ETH is kill
I knew this crypto stuff was a stupid scam run by niggers trying to Jew me.
I'm so fucking stupid for falling for your shilling again. Fuck you
whoa shit OP you're fucked. how will you ever afford destiny 2 now?
>>3349141
You bought too many memes.
>>3349141
>Only had a few hundred to invest anyways
You've got bigger problems
I'm going to sleep when I wake up this better be fixed.
that's MY DREAM
i must have it. NOBODY IS GONNA TAKE IT FROM ME
The crazy part is that it's actually happening
If you put $1000 into each of the top ten coins 1 year ago, you would have over 200k
>>3349307
Sometimes I wonder if I should just do this instead of strategically betting on ones I think will moon hard
The bear is leaving it's cave. What are your plans for this coming season?
hold like i always do
>>3349102
TO GET SOME HONEY BABY!
>>3349102
In 11 days when cv2 moons before the swap
>>3349073
Why though?
Why buy a car that makes every person who sees you think you're a douchebag?
Why not buy something reasonably priced, yet still stylish and also practical like pic related?
That's what I'm buying when CV2 is worth $10,000/coin.
>>3349175
Got my reasons
>>3349175
>Why buy a car that makes every person who sees you think you're a douchbag.
>posts a pic of a rubicon
Lad, every niche can be critically looked at and argued to be douchbaggery
>paying the extra 10 grand to get the dealer to upgrade your vehicle instead of doing it yourself
>having a cookie cutter "cool" vehicle instead of customizing your own tow hooks, straps, rims, tires, decal.
>buying a JK and not a used TJ. What are you a soccer mom?
>practical? I dunno about the 2017. But i owned a 2003 TJ and my friend has a 2010 JK and they have absolute shitty gas mileage. Unconformable as fuck. And the ride quality is garbage. Loud cabin and you feel every bump.
Now I own a 2015 4runner so you can grill me equally as bad. Hell I could grill myself right now. But let the guy, buy whatever car he wants.
>only one coin is stable during these times
>it's bitbean
Really?
>>3349070
>>3349070
everyones busy selling important coins
bitbean is figuratively unstoppable
WWWWAAAAAAALLLLLLLLTTTTTTOOOOOOONNNNNNNNNN
AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH
>>3349058
TUMBLING DOWN TUMBLING DOWN TUMBLING DOOOOWWWWWN.
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHH
Buy my 600 000 sat bag pls
Lol just buy more and hodl my dude
Let me get this straight...BAT is entirely dependent on Brave catching on? That's literally never going to happen.
>>3349057
DATS RIGHT
Nah niggy, dey got plug ins and shit
>>3349057
Actually, it's kind of brilliant on Brave's part. People who invest in BAT and want to see it go up are incentivized to help make Brave more popular.
New speculator here. I know this is a highly volatile market but I'm too new to compare this to other crashes. Is this the worst one this year?
Mostly asking about altcoins. BTC was at 2700 a couple months ago and it's still 4k+. Seems like the alts are the ones tanking.
>>3349034
it was sub 2k earlier in year. This is a baby crash, engines just need switching from kikefuel (tether) to something else.
>>3349034
Not even close.
baleck?