Crypto Dip of 6/14
Anonymous (ID: zK+fGUP3) 06/14/17(Wed)20:15:38 No.2450478
Everyone is freaking out about the dip but no one is discussing what caused it
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>>2450478 (OP)
>Everyone
speak for yourself faggot, it does this like twice a month and every time the bull runs away with shit and I triple my money
the only reason people are freaking out is because most people here started trading yesterday...
This is what GROWTH looks like
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>>2450478 (OP)
price correction
surges of newfags after it rose dramatically in price, now everyone is selling
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People have been expecting it since yesterday. The fact that Feinsteins bill of Horrors is going to committee isn't helping either.
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>>2450488
bitmain announcement
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Jihan Wu threatening a hardfork caused it. He probably shorted it too. BTC is dead.
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the fuck cares
stack more BTC
you know it's going to $10,000 soon
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>>2450499
You mean everything can't just go up 25% every day for the rest of time?
Wtf I hate crypto now
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There are people with a lot of bitcoins from back in the days.
They dump ocasionally to get some money out.
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>>2450478 (OP)
Obviously the bill
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what's the right play for when BTC dips?
>buy BTC for cheap
>use it to buy altcoins that are in the red
>flip altcoins for BTC when they're back in the green
>profit?
or how does it work?
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>>2450478 (OP)
>Everyone is freaking out about the dip
Smart people are buying.
You buy low and sell high. Not the other way around.
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>>2450488
Bancor scam ICO lead ETH to rise to $420
They exited at $420 and are now making it look like a consolidation phase
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>>2450581
it is high right now you dumbass.
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>>2450571
That's not really how it works bud
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>>2450581
we will see who's smart when your bought btc at 2.4k and it drops back to 1k
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>>2450571
Alts because they lose more value during the crash.
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>>2450596
High was 400.
330 is low [dumbass]
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>>2450603
>>2450607
then what do I do right now?
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>>2450606
This. I'm going to start buying in increments once it drops below 2000. Gonna use that to buy a bunch of undervalued alts that have a future and start staking the shit out of them.
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>>2450496
This.
OP corrections are healthy. It's going to shoot back up again right after. This fucking happens every few weeks or so.
I swear to god this board remembers nothing.
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>>2450510
>this is what ETH retards think
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>>2450606
this. I'll do my bitcoin groceries when there will be blood on the streets.
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FootCoin caused it. It will be 1=1 for bitcoin by the end of the month.
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>>2450612
first time trading? did you call it low when it was 380?
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empty promises. How many more retards do you think exist to throw money on air?
At some point the clever ones must get out.
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>>2450616
If you didn't already sell at 2850 like me because I'm an investing genius. You sell now because there's 0 chance 2350 is the floor for this.
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>>2450612
the floor here is 260 bub
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>tfw everything in your blockfolio portfolio is tanking except the USD, which is staying firm at +.0
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>>2450657
I would still buy some now. 17% drop is decent enough correction.
I would pick more up at the next few support levels.
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>>2450617
>alts that have a future
lol
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>>2450517
Fucking grey cunts, I knew it!
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>>2450697
Motherfucker we ain't gonna be at the big one for another few years. By 2020 at least a couple dozen coins will have ATH's 10x-100x of what they are now.
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>>2450692
260, 300, 320, 360, 400?
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>fomo gobbling
>CHINK force mine close
>exchange DDOS
>MURIFAT legal threat
>CHINK bitmain threat
>WHALE dump with fear multiplier
>NEWFAG follow like lemmings
>WHALE porfit
>NEWFAG KYS
>tfw you were the normie
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>>2450729
260
I think there's a good chance it's going there.
Problem is demand from China swoops in and fixes the correction.
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>Jihan Wu.
More like Jihad Wu.
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>>2450755
>Problem is demand from China swoops in and fixes the correction.
>it's a win-win, goy
y-you got me there, mister shekelstein, sir
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>>2450621
>>2450496
absolute delusion
those its going to hit hard the most when there memecoins mean fuck all anymore
friendly reminder that you made 0 gainz untill that money is fiat again
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>>2450723
>Alts
>exist in 2020
lol
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>>2450789
I've already cashed out more fist than I've put in.
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>>2450789
>those its going to hit hard the most when there memecoins mean fuck all anymore
I really hope English is your second language.
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Too many newfags not realising dips are normal and correct themselves. Bitcoin takes a hit and everything else follows. just ride the storm.
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Lol, btc and eth are already climbing again.
You missed the dip.
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>>2450478 (OP)
Feinstein is gonna ban crypto because ISIS and drugs, etc, when that happens, it will crash 90% in one day
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>>2451014
But she's a democrat and CNN told me they are the good guys.
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>>2451014
I don't understand how one of the most important jobs in the country doesn't have an age limit. She's like 100. How can she possibly be in touch with society at all?
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There is a lot of factors at play...
1. August 1st uncertainties with Bitcoin. Soft fork? Hard fork? Split?
2. Two Coinbase lawsuits, and them constantly going down for extended periods of time.
3. Other exchanges down time, not being able to keep up with the demand.
4. Hackers breaking into multiple peoples wallets/exchanges and transferring money out.
5. Ethereum over-promising investors and it's many ponzi scheme ICO's. Some on the Ethereum team have left this month and others are thinking about leaving.
6. New altcoins entering the market and taking their share from BTC/ETH.
7. U.S. regulations and laws and money laundering bills making crypto sellers and buyers seem like criminals. In some states crypto is already banned and requiring companies that sell crypto to hold FIAT of an equal amount. (Coinbase doesn't work in Hawaii, Wyoming, Minnesota, etc.).
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