Thats what i read at less informed groups and forums since the morning.
Look at Coin Market Cap.
Thing is. NOTHING CHANGED.
The main website for checking what cryptos are worth just excluded Korean exchanges from pricing due to huge premiums over all coins.
So nothing changed for anyone yet due to loads of misunderstandings people started dropping coins for losses and panicking.
You can get some cheap coins now from uninformed people if you are lucky.
Funny how one website changing their math can cause such panic. Decentralization right ?
BINANCE OPENED AGAIN
On the other hand we have good news, Binance is opened again for registrations. If you didnt do it before REGISTER NOW as they may again close ;)
Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips! |
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|---|
I get why people who are new to this market would have the wobbles at some of the volatility however that's the nature of the game right now.
It's gonna be a wild ride for a while and those with heart conditions may want to steer clear such are the wild swings.
Great fun though eh!?
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But now market will turn in Green
Monero will go to moon target $640
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So, what's going to happen to our coins?
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if you were smart they multiplied because you realized the situation and bought as many as you could more! lol
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Man I missed that opportunity. But all my coins values dropped so it really wouldn’t of been a big difference going from one alt to another but I wish I had some usd ready in my account. I think I might just deposit some n keep it on standby for a good event similar to this next time. 👍🤑
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Haha exactly!
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Nothing, or at least nothing new anyway.
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It will grow up but slowly
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agreed
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i think its gone up after some time don't worry
@sibtainali
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Buy more and hodl.
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CoinMarketCap excluded the Korean Exchanges, this lead to "virtual" price drop, see my post below:
https://steemit.com/crypto/@yefym/coinmarketcap-excludes-the-korean-exchanges-from-the-price-index
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is it real metter? Korean exchenge?
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Yeah they took out EOS Korean pricing also :)
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Ain’t it great?! Monday’s usually suck but this Monday is offering all my coins, such as EOS, at a discount! Cha-Ching
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it is... the pumped Korean market has influenced the overall capitlization in about 100$KKK.
so exclusion droped the price in about 10%-30% for many pumped cryptos.... because of speculative korean price...
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everything is on sale
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yes, you are right no need to panic for it, just keep patience @markjackson1989
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just another volatility day
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Good time to buy some cheap coins...
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Wow, what a stupid reason to panic sell! Its always a good time to buy more!
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Yes, the coinmarketcap adjustment was crazy. Why are people itching to sell? I think there is a lot of newbies in this space they are unfamiliar to investing.
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Lol 130 billion in market cap lost because of panic sellers.. so sad
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every cloud has a silver lining, panic sellers have opened the door for everyone else to increase their holdings.
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Dont be stupid my friend, It went down because the price of Korean excluded from market price
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Its the crypto blackfriday again!
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I was a Bit Coin Billionaire and all I got was this lousy t-shirt.
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its nothing the main reason for the dooms day is coinmarketcap is not including Korean market in coin valuation.... as per my understanding......;-)
@adityajainxds
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Interesting. I was not aware of this technicality. Anyway, even If everything dropped, this would not change anything...other than providing a chance to accumulate more of your favourite cryptos for cheaper.
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it is more a natural monopoly due to network effects. it makes scene only to watch one index just like New Stock Exchange or Nasdaq and not switching everey week to another index.
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When corrections like these happen is when you buy more...like ETC in this analysis
https://steemit.com/cryptocurrency/@benperrin117/how-to-trade-crypto-on-binance
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When I first started investing in crypto, I was really panicking, when a dip like that happened. Now I'm calmer and more and more confident with every "market crash" that I weather through. It always picks up, super fast, to higher levels than ever before.
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yup, binance is opened again. Do sign up and pick up the coins for cheap!
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I hope they set their program straight so thing can be and the up on up ,, i'm still hopeful
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This is a great post with lots of focus and observation.
I believe this is a good time for buyers to buy and hold then we could see another big record in the market again.
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We think there's more to today's selloff, than perhaps meets the eye...
https://steemit.com/bitcoin/@harpooninvestor/cryptocurrency-bitcoin-selloff-today-tron-based
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For those in crypto - get a good wallet to store your various crypto coin savings!
https://steemit.com/cryptocurrency/@nzfxtrader/top-5-best-cryptocurrency-wallets
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Which is the best crypto wallet that you would recommend for a newbie to the crypto scene? thanks
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Binance is closed again. :-(
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Seems like I'll never be able to use that platform. I have been using coinbase, but it seems a little step for it's fee's.
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Use gdax. It’s iwned by coinbase but much cheaper. No fees. Same login
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I have the same problem with gdax; I'm going to have wait til surge dies down some😁
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refresh the page and i hope you get a chance to in <3
@sibtainali
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Yeh I tried also. I saw a post 16 minutes old on FB last night, and it was already closed by the time I got there. Can't wait for Ethos.
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@ibringawareness try it many times, i try it and success in registration
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Bagus
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korea
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BUY THE DIP!
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Cryptos at 20% discount!
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Ughh... Finally binance opened again!!
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And what about steem
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It's "RedFriday"!!! Shop shop shop!
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Lol.
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BTFD :)
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Exaclty.
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Standard, it happens all the time lol
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"Your perception of happiness is a bubble waiting to crack. A sudden realization of great truth, inspiration and/or events can fundamentally change what you deem valuable in life."
...
"Your belief in something's value is what is holding your bubble together. Believe in things that are grounded in fundamentals and community. "
This is a piece out of my recent post -BEYOND- "Is 'it' a BUBBLE?" - what is a BUBBLE? -EVERYTHING-
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I am delighted that binance is open for member recruitment.
The masses are in panic: buy - the masses are greedy: sell
Thanks for share
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A lot of people may be upset, but CoinMarketCap absolutely needed to tweak their algorithms. There was too much of a disparity between the price they listed and the prices people were actually buying coins at.
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Thanks for the post. Always great stuff I read about the korean Exchanges being excluded from coinmarketcap but didn’t understand why the price is dropping and hadnt had time to look into it yet. Panic sell off definitely with prices already recovering from the drop. Thanks.
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Veterans should see the buying opportunity, not start panic.
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what went wrong ?
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Im just glad I dumped my ripple for eos last night.
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I agree that nothing has changed. Well I guess that's why we're here. Steemit is such a nice place for great info and it's our job I think to help more people understand the beauty of cryptocurrency. Thanks for sharing it.
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Thanks for sharing.
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To be honest, even if it wasn't for the changed math it would be nothing special. I saw similar scenarios often enough. You got me though, was still shocked for a moment ^^
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When the herd instinct kicks in during a panic run, financial assets will be mispriced. This is the time when cooler heads will grab all the bargains - essentially a transfer of wealth.
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BUY THE DIP & HODL! You already know, these are like great time to buy! Buy the Dip, Se;; tje Rip!! @kingscrown
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Hi! I don't think cryptocurrency is crashing, if at all there is anything to worry about, it is just temporary, usual stock movement, soon it will rise again. I follow and upvote you.
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Now is the time to buy
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OK
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Days like today are great! The masses are in panic: buy - the masses are greedy: sell
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People just need to be well informed about the atrocious activities going on with some unscrupulous and cooked-up uninformative website.
so, the best bet is to stay off.
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I just tried to register with Binance and got the message saying they’re closed to further registrations. Maybe they’re only taking registrations from certain areas.
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Digital Price is still rising. It spiked to $0.47 last night settled down to $0.27 this morning and has already worked its way up to $0.36 again. It was $0.04 two weeks ago. If you haven't bought DP yet you need to get on board now
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Looks like the perfect buying opportunity
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Binance disabled again?
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Glad I saw this post! I just pocketed ~$450 buying XRP on the dip sub $2 and selling it at $2.40.
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I sell 50 steem .... Make your offer.
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Binance Again closed
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what should we do with our coins?
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Wow! You calmed me in a way I can't tell! I would hodl anyway but it's great to know!
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Please people sell your coins at rock bottom prices so I can buy them off of you. Like @kingscrown said:
Lol why do I get the feeling no one here will be selling any time soon ;) Thanks.
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It’s good chance to buy now 😊
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Nic post
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OK, will check and try to sign up
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If you're not an exchange now, it'll be weeks before you gain access to anything requiring verification :/
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Such Such Suuuuuch a bad move by CMC to do this, they should have just put a banner yesterday to warn people about the change but no...
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It should be a concern to anyone trading that the majority of the exchanges do not do true fiat pairs, and that several exchanges that offer tether as a trading instrument have closed their doors to new registration.
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We are in a volatile market. Such corrections shouldn't bother us at all. The only thing
BUT we should get annoyed, when we have no reserves to invest now - a shame not buy cryptos when they are cheap
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I love days like this! I can use paper to buy discounted value, great!
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Yes it was a shock
Many people still have doubt in cryptocurrencies
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What is $251.69 its that true
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Word. Take it or leave it.
Descentralization is a big word right now, but really, i think we are still trying to cope with all what it means for... heck, everything. :)
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Exchanges are the main reason why cryptos can't grow. They are slow and stopped accepting new registration. As a result, investing in cryptos slowed down drastically.
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Finally someone explain this correction, thanks @kingscrown!
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Thanks for the heads up :) I will buy more lol
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In many ways as much as the volatility may be bad for those of a nervous disposition it could aso be the savior of the cryptospace. In terms of Bitcoin we can all see how the futures markets are trying to potentially control the space, but equally the volatility should ensure that it's very difficult for them to get ahead or indeed control said markets. We live in very interesting times!!
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Thanks for sharing!
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Super Beitrag
Vielen Dank
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I'm just going to continue using dollar cost averaging. I'm glad that you're not feeding the panic, @kingscrown.
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by the time I read the story and was going to re-post it - most of that had already recovered.... AHHH the sky is falling again!! lol..HODL!!!!
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Buy low, sell high.
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Some cleansing will be good for industry
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Thanks for the information
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I think that you are going to have volatility for the time being since a lot of people are looking to make a quick buck but things should be ok for the moment. If you look at Bitcoin futures right now they're up about 12% while the current value is down. So, I would think the pricing would follow the futures or at least for the time being...
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Hahaha what? I had no idea what the cause was. I’ve been in this game a month and without any news I knew better.... “Buying time!” Was the only thought in my mind.
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Binance is still closed and he just posted hes referral link for the case binance opens one day :D
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This is an interesting phenomenon. I suppose many thing could cause a panic and send the price plummeting, but this is a funny one I think.
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So easy to make money if you are informed and connected FML I am on holidays
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Haha funny.
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I just checked the coin market cap and discovered a little drop in some coin value to US Dollar but no cause for alarm, it will definitely rise so high again sooner than expected
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The sky is falling!!!! Hahaha
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Thank you! I recently joined the crypto-train and I was really wondering, what was going on today with an all-red market. Thankfully, you provided me with the answer :)
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It's just so frustrating to not have money to buy now :(
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Thankz for thiss informative infoand.
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100% BTFD!!
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maybe because of chinese news?
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그렇군요~
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A good time to buy Hiyaaaaaa ......upped.
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Crypto ded. Hope lost.
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Haha
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thats bad that coinmarketcap got so much influence and korean market too. Steem went to 5 usd, im not sure that we had korean markets in coinmarketcap in steem, but still lost around 20% because of panic
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Good
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Thanks. But when I got to the reg page Binance closed again.
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