Please watch my video for my perspective and review.
Sea of red, the bleed, the blood bath of June 11th 2017.
Just another day in the markets and all part of the big retracement across the entire crypto market and we have seen 13 billion wiped of the board.
It will bounce back however it is likely to continue on its downtrend until August and beyond.
How far will it go is the question.
Personally I am just in this for the long game and will continue to improve my position over the next 6 months and beyond.
Bring on 2018 and 2019.
I will wait patiently and simply keep researching and watching the entire space evolve.
It is exciting and nerve racking all at the same time.
This is how grey hairs are developed.
Keep your hat on, don't panic, stack and do what you need to do however I feel it is best to sit out the storm.
Have a great day!
~Sebastian
Bitcoin Talk - @SebastianJago
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I have been waiting for this to happen so I can get in cheaper, I am hoping it goes lower so my money goes a bit further. Cheers
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Yes a great opportunity. I hope everyone does well in the end.
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This market conditions will kick out all the greedy traders who just came into cryptocurrency for high profit trading and dont see the real value cryptocurrency brings to us.
I see it longterm and will buy more of my favorite coins every months. In 5-10 years we dont care about this major market correction.
I bought BTC at 360$ 2 years ago and now i dont care about i could have bought at 220$
In 10 years well will see 2 zeros added to the price of the good coins like dash (150$ now) - in 10 yesrs 15000 $ so it does not realy matter to buy at 150$ or 200$ :-)
The key is to buy constantly in weekly or monthly time periods and hold it for Future
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100%. Emotional trading just kills you and your investment. I can't wait for 2018, 19 and 20. We should all be very happy by then one way or another. Just have to wait.
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I suspect it's the whales that sparked this retracement in order to increase their stake at the panic sellers expense. Like you've said before, you haven't lost anything if you haven't sold. In for the long haul.
If there's one thing being a silver stacker for the last 6 years has taught me it's how to keep my emotions in check and be patient, make that 2 things. lol
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Korea was also responsible for around 30% to 40% of all movements in the last few days when you look at the currency charts. A calculated smack down? I feel it was.
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Resteemed
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thanks for the post, i posted something similar last blood bath last week about being the right time to buy but also no signs of buying, especially ethereum just yet sure it will drop some more. thanks for your post. you have a new follower
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Yes it will drop more it would seem. Could drop as far as a 50B market cap although that would be a huge downturn however also probable based on history, Fibonacci and the name of the crypto game. Nerves of steel required. :)
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name of the game exactly ... sure it will be going wild in a few years. wait until there are millionaires everywhere ...hahah well put
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You are either in to play the game or you will miss out. I am all in.
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Nice analysis thanks dude
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Cheers for watching. Calm heads will prevail. :)
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Let's go shopping!!! I hope the discounts lasts for many months :)
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Many months? We will see. I feel we will have 30 to 45 days before new energy will come into the space. September is the month that I feel the financial markets will start to pop at a more mainstream level.
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Come on drop like a rock, I what to buy some cheap cryptos. Yeah thanks for sharing.
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The Crypto sale is on now! :)
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