What Is Happening? Every Coin In The Red?

in cryptocurrency •  7 years ago 

I just checked the cryptocurrency market and things are not looking good. In fact, every one of the coins were in the red for today. Some down over 25%!

Stratis is down 26.65%

Bytecoin is down 28%

DigiByte continues their slide from the big hype down 29.69%! 

Bitcoin and Ethereum are down around 15%

Steem is down 25%.

This is the largest sell-off I have seen in a while. 

I have to admit I am slightly concerned. This is a big drop, but I am in it for the long haul and excited to be able to buy back in some of these coins at a lower rate.


Are you starting to panic?

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Crypto bloodbath. It's happening on a regular basis these days.

It sure is, but I just picked up some extra Bitcoin to start getting into some smaller coins a little heavier. We'll see how it works out. Wild ride though.

My feelings as well; now is a great time to buy - and diversify (which is probably why so much red!)

Sorry for the late reply. I agree. I bought back in and added a few new coins. Great minds think alike. Did you pick up anything in the dip?

I sure did!! Been reading and researching for what I want next; while waiting for the right time

I think Ripple is the next to pop. We'll see. It is exciting.

I have given up on Ripple. It's too hard to get a hold of. I just wrote about my experiences, and the money I've lost while trying to buy it. I've decided there are too many coins, to be too worried over one.

  ·  7 years ago (edited)

The MarketCap went from 108 billion to 96 in a matter of hours. Also the US Fed is planning on a rate hike. Guessing the Stock Market will be in up/downs tomorrow. My guess is this cash outflow could be money from larger investors trying to move it in prediction for this tomorrow..who knows

The Fed raised the rates today. That might have something to do with it. So much to consider. lol Thank you for the input.

Just consider today Black Friday! Happy shopping

hahahaha!

The Happy Shopping part! I have made a list!

It can be a bit scary when everything in the red and your whole portfolio is down around 40% over the last few days.

But im pretty confident in the coins im holding [sia, gridcoin, eth, pivx and steem] so I am not going to sell. I will keep holding, and just hold for a long time.

Times like these are why some people say you shouldn't play around with money that you can afford to lose.

I for one hope these coins stay low long enough until pay day so I can buy some more!

It is scary, lol, you are right. I am in for the long run and it is money that I can afford to lose, but don't want to. lol I am looking at this as a buy too! Thanks for the feedback, you picked up a new follower.

  ·  7 years ago (edited)

LTC is actually holding well. This proves people mostly see it as BTC alternative. It might be a good safe haven for hard days of UASF. Also ARDR is doing well. I predicted these would be good value coins in this piece

Literally just picked up some LTC based on how it's been holding up the last couple days :: plan on getting more soon

Sorry for late reply. I actually did by some LTC and now it is up around $40. Awesome. I'm going to follow you for more great advice. Did you buy more in the dip?

I did get some but not as much as I should have. Didn't want to expose myself too much to one coin and now I'm sorry.

I know how you feel. There are always ways to feel sorry in this game. Hahaha, but keep focusing on the wins and long-term lambos. lol

Thats the dip to buy for sure!
LTC looking good indeed, maybe I should buy some against btc

I just saw this reply, sorry about that. I agree. I hope you bought LTC. Did you? It is up around $40 now. @thomaskikansha good call!