BITCOIN FALLS BELOW $8,000! 100 BILLION WIPED OFF GLOBAL CRYPTOCURRENCY MARKET!

kingkhann (58) · 7 years ago

its not looking good that bitcoin is going so down i really donot like this down trend not sure why whole market went so down. it will go up soon or not ?

$63.42

sirstacksalot (63) · 7 years ago

I've already taken some profit, so I'm sitting pretty. If it all went to zero tomorrow, I know I've come out ahead.

$2.85

rhubarb (55) · 7 years ago

Just hold :D

$1.36

5 votes

kurtgrey (50) · 7 years ago

No no, it's hodl. 👌😉

$0.00

sebrock (36) · 7 years ago

and it looks like this:

$0.00

kurtgrey (50) · 7 years ago

hahaha xD Basically <3

$0.00

greenstar (51) · 7 years ago

I think we will see one last lower low to complete this correction. You're right Joe that this is where fortune favours the brave and we should buy low!

$0.45

ryan313 (57) · 7 years ago

Upvoted HODL

$0.41

5 votes

jojof (42) · 7 years ago

Yes, my charts look almost the same (what else). Correction isn't over yet, everybody watch out over the weekend... I expect some more "below 8" but if we're lucky not below 7, and then we could get slowly back to steady growth next week, as the depression hopefully wears off and people gain confidence again.
But institutions need some more time to buy at this level, so don't expect this to go straight up right now.
MacD says the same... no crossover yet.

$0.33

ryan313 (57) · 7 years ago

Nice upvoted

$0.37

genxrev (52) · 7 years ago

Hi Joe, I'm pretty new in the "crypto-sphere" as a whole and REALLY new with the Steem platform, but I think your understanding is one I largely share. I think a big part of the swings up and down are going to ultimately be driven by human emotion whereas the "floor" of the value of block-chain crypto's will continue to steadily rise over time as the uses for these efforts become more connected with our daily lived lives. Right now the biggest impediment I see for people ultimately moving more into this arena is something I actually hear frequestly from my wife... "But what can you actually DO with these little digital bits? ANd that right there is the thing that ultimately will need to be addressed to secure the long term viability of any of this... even STEEM will ultimately need to better translate into "gas, groceries, rent" etc. to finally be secured in the MINDs of people that there is real value here. Right now and I think the charts are telling us as a whole that right now its more about people feeling and hoping that there is something to this all. I actually think so, but first we need to be able to trade these pieces of data for things we want / need / desire to live... for at the bases of all economic decisions it is connected to our mortality and the impact we seek to have in our environment. Thanks for sharing. I know you are busy, but if you think I'm missing something in my way of thinking I'd love to hear from you as a longer term veteran in all this crypto stuff and Steem especially.
Peace @genxrev

$0.08

6 votes

stirling (52) · 7 years ago

Yup..... I agree. And also, thank you for voicing this. Makes me feel more secure and less crazed when I check the stats to hear that other peeps are solid in their feelings about the nature of the long term market.

$0.00

genxrev (52) · 7 years ago

hi @stirling - I make no claims to "knowing" markets, but in my vocation I work very hard to try to understand people. I have no idea ultimately how any of this stuff turns out, but I cannot help but think from my observations that in the long run these kinds of technologies are nearly inevitable. "Who" will emerge as a success, I wouldn't care to even try to speculate, but on a platform like this where in many ways the value is tied to the energy of people thinking and working and creating together, it creates interesting use cases to explore even as the markets flop and roll... like today that's for sure. I know it's typically considered faux-pas but I hope in this one instance it can be forgiven... In my blog roll I create prayers. I just posted one up as an attempt to reflect on the market conditions today as bitcoin and all crypto's took a pretty big hit. If you are a so inclined, pop over and take a look. @genxrev

$0.00

stirling (52) · 7 years ago

Cool!

$0.00

momdadandthegirl (38) · 7 years ago

Agreed. I liken it to the 90s when people were wondering "but what can I actually do with this Internet?", and eventually we did, indeed, start buying groceries with it. It'll take time, but things ARE going to happen in this ecosystem and I for one am happy to have gotten in on the first floor!

$0.00

genxrev (52) · 7 years ago (edited)

I must confess I not only feel, but think so too. I like your inclusion of the "internet" as a whole. People seem to so easily forget that humans are creating new markets, new value ALL the time. It's how ultimately I think wealth grows. Folks find new things to do and create and others discover that they are willing to trade for them. It part of why I think as a whole crypto's are so fascinating because to me it too feels absolutely like ground zero (well maybe ground 1 - beacause dang it I "heard" about bitcoin mining years ago and thought to myself -"eh it sounds like a Ponzi and dismissed it without ever looking in or even trying to understand... these years later, boy do I feel DUMB!)

$0.00

themobilewriter (48) · 7 years ago

Most people ask this question. To them my answer is always simple. I ask them what do you do with Gold Biscuit? Nothing isn't it. Well it is some thing that is growing and earning profit, so invest and reap the benefit of it and sell when you need the money in real life. Until then Keep the bits with you.

$0.00

genxrev (52) · 7 years ago

I get what you are saying and think I mostly agree... what I wonder though is that for the person I hope to sell "to" - they must have a reason to value the "gold-bit" I offer them... and I guess what I wonder is to what degree is "utility" a part of conveying / securing that estimation of value?

$0.00

erikklok (62) · 7 years ago

Thanks Joe, I think you're spot on!

$0.04

barne734 (54) · 7 years ago

Run for the hills

$0.04

3 votes

jaredzimmerman (47) · 7 years ago

Hi Joe, I am new here, I mentioned you on my intro which will be up soon...I am working on a pic and my intro...i am new to social media posting of pics and videos. Thank you for all of the work you have put into all the social medias you have. Your work has helped me and many others. Thank you!

$0.03

myfinanceteacher (66) · 7 years ago

Nice to see bitcoin price just above $9000 :)

$0.00

kiporen212 (59) · 7 years ago

Easy come, easy go. /ducks Time to stock up.

$0.00

3 votes

anamul128 (25) · 7 years ago

Absolutely Right @kiporen

$0.00

chrispike (44) · 7 years ago

yes! it is time to stock up! Thank you for the post

$0.00

trivicious (25) · 7 years ago

Most of the people who bought cryptocurrency bought it because of the hype to make fast money. And they always knew that when the value is dropping they will immediately sell their coins. Nobody of those people had trust in cryptocurrencies in the first place.
I think now that the hype is coming to an end some of the currencies will vanish and the big ones will stabilize. And in the long term cryptocurrencies will take over the financial system because people will start to see that they don't have to trust cryptocurrencies, but cryptocurrencies are built on distrust and anonymity.

$0.00

gabbyg86 (61) · 7 years ago

It's very tempting to buy that's for sure. Thanks for the info. We all have to weigh the information to make the decision for ourselves.

$0.00

lightreflections (25) · 7 years ago

Helps coming one person at a time, followed :) I'm into crypto and cyber security give me a follow back?

$0.00

tabnpack (27) · 7 years ago

I am new to crypto and bought about a grand around the ATH. Good thing Im not rich and bought more. Sounds like it will go up though, just returned a bunch of stuff I bought off amazon so I can buy some more haha

$0.00

mohamed118b (13) · 7 years ago

thanks for this great info:)

$0.00

trivicious (25) · 7 years ago

People bought it just to make money... No currency should rise or fall this fast, when they stabilize, cryptocurrencies will replace the rest in the long term.

$0.00

cryptohex (32) · 7 years ago

Hodl Like your Life depends on it!

$0.00

guzv4 (25) · 7 years ago

Every time I see shenanigans like this happen, I just close my eyes, and remember 20 years ago, when first webshops appeared, all the banks were screaming that every payment made online is a scam and that they, the banks, will never accept that as a payment method. Then I open my eyes and pay something with my crypto, because online banking is getting old.
So, keep calm and HODL! Crypto market will get bigger for at least 3 more zeroes. :D

$0.00

rompo007 (50) · 7 years ago

The crypto market caught the flu!
The flu has been going around here in the US and the cryptocurrency market seems to have caught it too! And now it's vomiting. Just like a person having the flu, the market also needs to wait it out - there is no real medication for this except for time. But even in this bear market - you gotta love it, the highs and the lows, it's all apart of the rush and excitement of the crypto market - it's like gambling but you know your investment will eventually be higher than it was previously at some point in the future due to the low adoption rate globally and the laws of supply and demand and cryptocurrency's deflationary nature. We're going to see some tremendous growth in the overall market cap this year and beyond and I'm so excited about it! This is why you shouldn't get discouraged with your losses, this is the time to learn about the market and really dive into the projects that you want to hodl long term. If you really believe in blockchain and cryptocurrencies, you're in it for the long term. And in the long term, you will make money if you invest into solid long term projects. #rags2riches

$0.00

kendradickens (35) · 7 years ago

Wow😱!!! People definitely need to get on buying Bitcoin now because they last time I heard of it was at like $16,000.

Amazing post❣❣❣

#i Upvote
#go Upvote back❤

$0.00

orkin420 (53) · 7 years ago

hodl for sure maybe buy

$0.00

jakboy (39) · 7 years ago

wow very excellent post

$0.00

zicodee (48) · 7 years ago

I saw this somewhere today but thought it was a lie. Thanks for updating us @joeparys

$0.00

ibile (47) · 7 years ago

And this will create more pressure to sell-off so as to stop loss. This ain't good news for the crypto community!

$0.00

rrmaxq (50) · 7 years ago

I did not expect it was a crazy moment
Today lowers bitcoin course is 7,796,94 $

$0.00

priyathamreddy (28) · 7 years ago

Great post..!!
Stay strong, don't panic:
https://steemit.com/cryptocurrency/@priyathamreddy/must-see-post-for-all-cryprocurrency-investors-right-now-black-friday-of-cryptocurrency

$0.00

michaeljn (67) · 7 years ago

@joeparys
Indeed so, I plan to just HODL what I have and buy some more with what I have left in the "I don't need" kitty which is not much I might add, but at these prices its hard not to scrape all the pennies together and jump right in - lol

$0.00

appreciator (66) · 7 years ago

This post has received gratitude of 6.59 % from @appreciator thanks to: @joeparys.

$0.00

kl4ppzk4lli (44) · 7 years ago (edited)

Time to buy Steeeeeeeeem baby xD

$0.00

barman (25) · 7 years ago

Monero and zcash up today in all exchanges, why?
https://steemit.com/bitcoin/@barman/monero-and-zcash-up-today-in-all-exchanges-why

$0.00

tgheretic (40) · 7 years ago

Don't be Milton!

BTC Meme3.png

Stay strong!

$0.00

wakeel (29) · 7 years ago

Bitcion will touch 40 thousand dollar couple of months its unstoppable currency

$0.00

brunold (29) · 7 years ago

I hope Bitcoin come again!

$0.00

jennyeu (34) · 7 years ago

I so much believe that bitcoin would rise again because if this happens every other coin would follow suit. We all just need to be pessimistic about this.
Tnx for a wonderful info passed out here on your blog.
I upvoted you and I shall follow ASAP

$0.00

raynoldonthebeat (25) · 7 years ago

images (1).jpg

$0.00

yousuf786 (27) · 7 years ago

Bitcoin is king off the leader Coin , i hope the come agen very soon...

$0.00

blaire0323 (54) · 7 years ago (edited)

I visited your homepage for cryptocurrency.
I think it would be very helpful for new cryptocurrency holders.
There are so many koreans to study cryptocurrency .
but , There are no place to learn it.
For those who want to learn cryptocurrency, How about giving them the lecture in Korean?
I can translate it when you first start.
If you are interested in, visit my blog.
I'll be waiting your good news. bye~

$0.00

alexodavids (34) · 7 years ago

It's bizarre, to say the least. At this juncture, anything can happen. Recovery is unlikely!

$0.00

samuel-swinton (61) · 7 years ago

However, it is still up 700% in the last 12 months. It is less scary when you think of it in that context.

$0.00

ghua (38) · 7 years ago

so?

$0.00

adisrivastav (56) · 7 years ago

When compared to gold, the value of one bitcoin was estimated to be worth around $5000 USD today.

However, nothing has happened to bring the price of bitcoin down the way it is going except unnecessary excessive talk and fear. It may fall quite low, even below $5000 but the blockchain revolution has just begun so the inevitable remains...

Even if some exchange or business was hacked for some bitcoins, or even if some nation declares a crypto currency ban (which by the way is not possible to enforce or even track in educated instances), this has nothing to do with the breakthroughs of blockchain sciences. It has everything to do with human solutions.

$0.00

asshar (42) · 7 years ago

I like your post, i leave you my vote and i am following you ... I invite you that if you can see my blog maybe there is something of interesting,
Thank you.

$0.00

thecryptobetter (25) · 7 years ago

Upvote if you Hold Bitcoins like this

$0.00

jakboy (39) · 7 years ago

nice

$0.00

some-dude (49) · 7 years ago

BY or HODL!

$0.00

mandalacode (41) · 7 years ago

Cryptopanic makes good crypto investors

Just set up your entry position and enjoy. (it's not even close to my entry position).

$0.00

neudenken (25) · 7 years ago

Bitcoins are like a submarine. If it goes to deep the bubble will explode

$0.00

stevensteel (47) · 7 years ago

Weak hands and FUD is never a good combination. If you don't believe in the technology of the coin that you are investing in, you should get out of crypto RIGHT AWAY. To quote a Redditor that goes by the name Sendmybar:

When you panic sell at times like this you are offloading your crypto to people who are very aware that the market will swing back up. Institutional money was never going to jump into crypto at the ATH and make all is little guys rich in the process, that not what they do.

Just keep calm, and HODL. We're in this for the long run, not for short term "Lambo/Moon" gains.

$0.00

#cryptocurrency #cryptogator #bitcoin

cryptogator (37) · 7 years ago

Wow just amazes me how much money was in this and made people bank...wow just wow!

Still very volitile! Should see some major ride to the upside stay tuned!

$0.00

juichi (73) · 7 years ago

Hi @joeparys!ive always follow your post because it is very informative and i even reestemed once!it is very helpfull specially for a new steemit member like me.

$0.00

aqbayli (45) · 7 years ago

hold and hold

$0.00

mohamedyazied (25) · 7 years ago

I think we maybe see Bitcoin at more lower than

$0.00

crypto3em3 (45) · 7 years ago

Scary times seeing your portfolio dip by 40%

$0.00

clayygodd (31) · 7 years ago

$0.00

artopium (66) · 7 years ago

OK, no, 100 billion is not "wiped" from anything. It just temporarily moved somewhere else. It will be back. Zimbabwe didn't go anywhere. Mean words from big daddy governments are creating FUD, and that is all.

$0.00

ryanwilliams88 (40) · 7 years ago

Every year at the Chines new year bitcoin drops.

$0.00

crypto-econom1st (57) · 7 years ago

I'm on holiday and wifi is to slow to watch the video. Can someone summarize why the whole crypto market went down in the past few days?

$0.00

kurtgrey (50) · 7 years ago

😱Ohhhh, when I saw crypto going down I got EXCITED AS FUCK!

What it means it's simply
SALES -> 20%+ DISCOUNTS!

🤗🤗🤗 Time to buy a bit more ❤️

$0.00

pendrive (31) · 7 years ago

it is surely a bubble and those who knows about Forex they can feel it.

$0.00

infiny (25) · 7 years ago (edited)

Guys, these corrections, market falls and price volatility are good to clear the market. Sometimes, is bad for beginners, but I think those who are capable to learn from their own mistakes, they will soon understand that a loss occurs only if we sell. I don't think that this bearish market reached an end yet, resistance levels are too weak. Everytime when market falls is an opportunity to buy. I am making sure that, I have a reserve in case if these things are coming, to be able to have a good entry point in currencies I would like to hold.

$0.00