It’s been a while since we’ve seen red across the board. The selling that started last night continued into today and many cryptos are now down over 20%. How low will we go?
This isn’t our first swoon of the year. We had one in June/July, which I wrote about here. Bitcoin dropped about 35% in that one. Then we had another crash in September thanks to China. That time bitcoin dropped nearly 40%.
This time around we’ve already fallen 40%. Bitcoin hit a low of around $12,000 today. We’re now back up above $14,000.
I think we could ultimately test $10,000 in January. There’s likely folks that want to wait until the new year starts before selling for tax purposes.
Last night I was using the bitcoin weakness to sell some alts and raise some BTC and ETH.
I’ll be looking to put that to work in the future.
Here’s a list of quality names besides BTC and ETH: DASH, LTC, XMR, NEO, WAVES, EOS, XLM, OMG, BNB, WINGS.
It’s not investment advice of course. But a good place to start your research.
What will you be buying?
It’s all part of the crypto hustle , you hold tight and wait or buy at its low for a higher profit
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yep, cheers!
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yep, cheers!
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Its the cryptocurrency black friday 😍
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that's so true... good time to load up on crypto gifts!!!
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Peeps who really need it to hit 17k are now dumbfounded with disbelieve buddy it's ending up to be a bad year
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Lol happens time and time again... 2017 a fantastic year, even if we finish at BTC 10k.
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I will buy as much as possible ripple on longevity
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Interesting... I think XRP will get on Coinbase, that should be bullish.
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it performs much better than other coins recently
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BTS / NEO / MUSIC / XRP / DASH / LTC / ETC
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I'll have to check out MUSIC
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hodl my friend
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yes!
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time to buy
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i am going for more steem
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Me too always!
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Yeah we just did a video about this. Pretty fun to watch the market change with the season. I love how much the collective conscious affects crypto!
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I could feel it happening when I was trading last night for sure!
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We are with you @g-dubs Liquid dry powder ready to deploy as we retest the LOW or complete major wave 5 target ~9450 ?
LOW within hours not days however we're also in agreement the TAX LAW greatly benefits those who SELL to bank winnings after Jan 1st...so we'll see if that could bring add't retesting, however Crypto SELLs contrary to stocks/bonds differ due to scarcity principle so TAX SELLs might be snapped up w/o drawdown effect? Great trading ♨
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Cheers!
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The January 2018 futures contract is trading close to itsearlier highs, at around$18,300. That’s up from an opening price of $15,000, andahead of the ‘spot’ price - which is closing in on$17,000 tonight.
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Excellent post @steemoffice Yours is first post regarding CME futures with accurate info!
Did you notice that the volume ALL week VERY LOW just a few testers. CME had ZERO effect on the SELL to date. It was Asians who joined the post Thanksgiving Holiday Pump n Wall St n CME hype straight UP. AS @g-dubs stated first as a head fake breakout of consolidation triangle, and then again beginning yesterday afternoon actually Asians SOLD and just stopped last few hrs.
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Double down upvote reply lol. The Negative I see so far w CME futures is that they have the Halt levels adj each day both UP n DOWN. We've seen Rallies limited by CME Halt Ceiling yet No floor when CME HALTED due to down limit being violated. These futures a joke so far? They don't allow execution in CryptoCoin it's only paper vouchers?
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Interesting, thanks. I need to start watching those futures!
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Great post! I think I should mention that SmartCash did well in this red madness. :)
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I have some SMART ;-) but the wallet isn't working... I need to redownload the chain ugh.
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Gotta download the latest version and resync that wallet bro. :)
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will do!
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I think exactly opposite is going to happen. People are going to want to start the year off with Bitcoin and I imagine it will be back up above 20,000 before 2017 even ends.
As for the coins that I'm buying....... I certainly don't think I'll pick up any of the big name coins.
ADA already went from $0.14 when I last told you about it to $0.44 right now..... and that's even while the market is bleeding.
XVG is looking really good too. It was at $0.04 when I initially investigated it and it is now at $0.12.
I'm also going to check out some of the coins that exist on Binance.
I think Binance is going to be an exchange to really reckon with in the future and I think their own internal coin Binance coin is going to take off in much the same way that the Bitconnect coin took off..... quickly and unexpectedly while other people are looking in places like XMR and Dash to make a profit.
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You may well be right. ADA I'm jumped on when you mentioned it, thanks! Sold some last night. I like BNB and WINGS. Looking at BNT too, looks interesting.
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I like WINGS for sure. I wouldn't cash out all my ADA though. I think it has potential to be something really big.
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I kept some ADA, will probably buy some more once it settles.
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@g-dubs It's like a christmas gift for all of us! Huge opportunity to buy cheap crypto! Hurry, chances like this won't be around for too long!
I do not believe this is a warning, I think everything is fine! Yesterday 90% of the top 200 coins dropped 20-30% but still the whole crypto market cap is way bigger than it was 3 months ago! BTC's price dropped significantly, but let's not forget what its price was last January!
Again, I think this is a huge opportunity to buy cheap! Chance to regain lost ground.
Best of luck!
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We've certainly seen this before. I think it'll take a few weeks to run its course with some ups and downs along the way, then consolidate into Mar/Apr and then spring rally. We'll see ;-p
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I would be buying steem and ltc before new years 2018 is the year from those two
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Nice choices. I'm always buying steem. Selling SBD for steem too.
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Thanks for info of Crypto @g-dubs
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Thanks!
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Very good information.thanks for sharing us it.
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Thanks!
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This post has received a 2.73 % upvote from @buildawhale thanks to: @g-dubs. Send at least 1 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.
To support our daily curation initiative, please vote on my owner, @themarkymark, as a Steem Witness
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Sneaky Ninja Attack! You have been defended with a 5.88% vote... I was summoned by @g-dubs! I have done their bidding and now I will vanish...Whoosh
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Resteemed by @resteembot! Good Luck!
Curious?
The @resteembot's introduction post
Get more from @resteembot with the #resteembotsentme initiative
Check out the great posts I already resteemed.
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You got a 1.12% upvote from @postpromoter courtesy of @g-dubs!
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You got a 1.74% upvote from @upme requested by: @g-dubs.
Send at least 1.5 SBD to @upme with a post link in the memo field to receive upvote next round.
To support our activity, please vote for my master @suggeelson, as a STEEM Witness
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This post has received gratitude of 2.45 % from @appreciator thanks to: @g-dubs.
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