bch fork
bch fork
Why is a fork of Bitcoin Cash causing the entire crypto market to drop?
Have you made a profit because if I were in your position I would have pulled out quite a while ago (if you're in profit) and waited for a better time to jump back in.At this point, should I just cash out already?
This whole year I've been holding on hoping for something, but at this point, I went from $35k a year ago to $6.6k today, and all I see is more crashes on the horizon...
Nope. Down a few thousand.Have you made a profit because if I were in your position I would have pulled out quite a while ago (if you're in profit) and waited for a better time to jump back in.
Why would you cash out now?At this point, should I just cash out already?
This whole year I've been holding on hoping for something, but at this point, I went from $35k a year ago to $6.6k today, and all I see is more crashes on the horizon...
I mean, this is what I've been doing for almost a year now. But every time I look at it, my total gets less and less. And I'd rather have a few thousand real dollars than end up with pennies worth of imaginary ones =/Why would you cash out now?
Truth crypto isn't doing so well. But blockchain is doing better. And lots of bullish signs from institutional investors. Just keep it together, don't look at your wallet and check back in a while. This stuff takes time.
(This is what I tell myself)
Nope. Down a few thousand.
Also wondering if we can write off crypto losses on our taxes...
I guess it all comes down to what you've invested in and how much faith you have in the individual projects.Why would you cash out now?
Truth crypto isn't doing so well. But blockchain is doing better. And lots of bullish signs from institutional investors. Just keep it together, don't look at your wallet and check back in a while. This stuff takes time.
(This is what I tell myself)
At this point, should I just cash out already?
This whole year I've been holding on hoping for something, but at this point, I went from $35k a year ago to $6.6k today, and all I see is more crashes on the horizon...
Same, even with XRB. :(If you invested in shitcoins and flavour-of-the-week coins then, yeah, you probably should have cut your losses months ago. I haven't posted in this thread for a while but I read every post to stay caught up and I only invested a very small amount into Crypto to begin with, more as an experiment than anything, so I'm keeping my HODLs out of stubbornness/laziness on the off chance my. Although I still feel like I did choose good projects (like getting in on XRB in late November as Crypto noob, for example) and most of my losses have felt out of my hands (lost my XRB in the BitGrail fiasco).
Demand for crypto has fallen precipitously, supply of bitcoins and other cryptos keeps increasing, they still have virtually 0 real world usage. With people scared off after the popping of the bubble, not sure where new money will come from. Maybe wait a few more years, keep hyping and hyping and hope that enough people forgot about the last bubble to build up a new one? Of course if cryptos ever get a practical usage then it's a different story but so far that has not been the case.
Its stated that its because of Bitmains hashpower or something. Because if they relocate or something, Bitcoin will be easier to mine and sell pressure will probably get stronger.
At this point, should I just cash out already?
This whole year I've been holding on hoping for something, but at this point, I went from $35k a year ago to $6.6k today, and all I see is more crashes on the horizon...
All financial markets follow same business cycle. 2008 recovery took both terms of Obama to turn things around and that's with trillions of dollars spent in economic stimulus packages.
The same will happen here. It will be slow recovery.
I do not think the bottom is in. Bitcoin still has to breakdown the 6k level. I think that will happen in 2018. I think it will bottom in the 2.5-3k range, although perhaps not until sometime in 2019. Should this happen, many alts would be decimated again. This one is more difficult to call than normal and could very easily be wrong. I continue to look for swing trades in the meantime, but am not chasing moves that have already left the station.
Well, fitting for a monday....
And Reddit is already filling up with people in despair, especially early 2018 investors.
I'm waiting for Cyber Monday
More like the red wedding for crypto
Some people say tulip prices are still recovering to this day.All financial markets follow same business cycle. 2008 recovery took both terms of Obama to turn things around and that's with trillions of dollars spent in economic stimulus packages.
The same will happen here. It will be slow recovery.
Some people say tulip prices are still recovering to this day.
Stop that nonsense.
Tulips have no ETF and are not tradeable in that sense. They literally have no price to grow and have unlimited quantity.
Even though this will be a harsh way down, thats a once in a lifetime chance maybe.
That said, i don't say "buy now" with this, but there will be a recovery and again people saying "i should have..." in 2 years.
The mental gymnastics you got going on here.
Just accept that the slow decline is here. There's still no major use case for crypto a decade on, and the market is sustained, or was, by rampant speculation.
I never said there's no decline. I never said there's a recovery soon, what are you reading into this? I think i was always one of the poster who said there's a long ass bear market ahead - and there is, even when many called a bottom. But saying it's dead is just not right and also won't be.
It may really need more than 2 years and that's also fine by me, but surely not a decade.
It may never recover. Tulips are actually something people want. Bitcoin, not so much. There's no inherent value to Bitcoin.
There are literally some of the biggest companys working on crypto and you talk about people wanting tulips again. I think people really lost it now.