Bitcoin Drops 18% | Is it time for a short-term cool down?





#bitcoin #crypto #cryptocurrencies

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49 replies
  1. PrimeDrift
    PrimeDrift says:

    My guess is it will be very short term. 38% fib retrace at $10,600 held support like a champ and BAKKT launching in July will cause more FOMO. Buying here with both hands

    Reply
  2. Phil
    Phil says:

    Travala will be in the top 20 list in no time heres why.

    – Circulating supply of 39M
    – Native currency AVA with 8 use cases, all payments made will give back ava as a give back insentive.
    – Book accommodation (flights in the near future) with fiat and 10+ cryptocurrencies.
    – Market cap is under $8M AUD.
    – Savings of 10-40% from compeditors such as booking and expedia.

    If this takes over it's competitors it's Market cap will pass the Trillion dollar mark.. sleeping giant!

    Reply
  3. Robbedoesch
    Robbedoesch says:

    Travala is a very promising project, did a bit research and can only say it one of the few coins with an use case and a very small marketcap. It would not surprise me if it is gone be an 20x soon atleast. Thanks for sharing it with us 👍

    Reply
  4. Nick Ruse
    Nick Ruse says:

    "BiTciON tO ThE MoOn"
    People seriously need to stop falling for this! The whales control the market and jack the prices high to gull the stupid people into buying and then crash the market back down.

    Reply
  5. Plucus21
    Plucus21 says:

    You cant Technically Analyze this market when one individual is powerful enough to crash it. Its stupid to try really. Your only real TA is to buy low and sell high. Stop trying to time it.

    Reply
  6. Striker Burns
    Striker Burns says:

    Disappointing glad I pulled out of the Major 5 yesterday evening, of course the Alts are taking the brunt. I will be a buyer on the lows and ride another wave 🌊 up. Hodl the Alts for they are the real winners long term ✌🏻

    Reply
  7. S D
    S D says:

    ACTUALLY. It's time to stop Tether and Bitfinex committing fraud, and stop the exchanges from stealing hundreds of millions from themselves and blaming hackers.

    Reply
  8. Rakly 3
    Rakly 3 says:

    I understand what you mean by "only 40 days you'd be in the red"
    But that's not quite correct, People who bought at that peak you drew, you'd be in the red for over a full year by now.
    People who bought at $14k BEFORE the peak, would have been in the GREEN for only 40 days.

    Reply
  9. b howl
    b howl says:

    Yo Nic, as always, love your balanced, reasoned approach.
    I bought 3 hours before yesterday’s downturn, and oddly found myself laughing 6 hours later. Which kind of surprised me…I realized in that moment I am a bull on bitcoin to the core. A “Know thyself” moment. Anyway…, I’m anxiously awaiting your perspective on options now that Binance is no longer a long term platform option, specifically in regards to Altcoins, and precisely, where can I confidently purchase VeChain? Brother, I will come manicure your lawn if you could supply an answer. I’ve researched, but need your opinion to find peace of mind. Toooo many conflicting statements out there to commit.
    Heck, I’ll mow your lawn twice if you could name the best alt exchange option, in your opinion.
    Thanks, keep rockin the casbah. And to the negative commenters…shove it. With all due respect…..

    Reply
  10. Ledaros
    Ledaros says:

    I’m balls deep, I’m praying to datadash he’s right about this one. I swear to god new ATH and I’ll put a picture of your face framed on my desk at work. Quote me on this if we hit 20k this year.

    Reply
  11. muuuuuud
    muuuuuud says:

    Lost 18%? Depends if you look on a scale of one day, week, month, year. You guys are way too panicky. I see it as at 250-300% of what it was a few months ago.

    Reply
  12. mrspeigle1
    mrspeigle1 says:

    To be expected, the percentage increase had gone parabolic for several weeks. Any item that rises that extensively without massive changes in its inherent structure should be avoided unless you happen to be at the bottom of the curve then you should be planning your exit strategy for profit-taking.

    Reply
  13. Debug
    Debug says:

    I'm sort of hoping for a correction so I can buy in more. I was looking at the December 2017 rally, and it seemed bitcoin topped out around December 17, then bitcoin cash a few days later, ripple a few days later after that, and ethereum mid January. What is the delay like for different alt coins?

    Reply
  14. HugFest
    HugFest says:

    I have 190k XLM I bought at .13 and LTC I bought at $135 yesterday as it wasn’t moving and I thought it will explode. So now it’s just a waiting game. When ALT boom and what % up is expected?

    Reply
  15. Tim Hopper
    Tim Hopper says:

    I believe that support will hold at around 11,500. I made my recent cost average purchase this morning at 11,350 to add to my position, and I’m happy with that. Im in for the long haul

    Reply
  16. bonsai treehouse
    bonsai treehouse says:

    Come on, You know I called it in your ""Why Bitcoin Could Revisit $20,000 in a Matter of Days" video.

    .
    Now let's see if we drop to near 9k or not. I am also seeing support at 11k. So if we break below 11k on decent volume, I think we go toward 9k. Otherwise 11k might hold.

    Reply
  17. DmanAS1989
    DmanAS1989 says:

    Whatever this guy says, do the opposite. The amount of calls he got wrong in the few weeks is disappointing considering the amount of subscriptions he has.

    Reply
  18. sir lord Commix
    sir lord Commix says:

    Yes this is all ok this cool down, I was expecting between 17% and 33% downturn, nothing goes up continuously.
    Gives everyone a chance to buy more bitcoin at cheaper prices.
    Even if its slows down a bit, it will go up soon.
    Wait until its 15000 and 20000.

    Reply

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