Don't be stupid and sell your alts now, yes we might not get the alt season now, but you are better off buying more, if the price drops more. Then when alt season kicks off, you good.

Selling now and hoping the "if price drops" happens, is not a wise move!

I have support a little under there but yea...if we don't see a turn around in the big alt names (DASH, ETC, ETH, LTC ALL near great support levels) this may be where ETH is headed.


https://www.tradingview.com/x/hBcwAPvl/

Well, sure. EZ game,




until it's not.





I didn't FOMO back in because I'm not a tourist, but a 26%er turned into an 0.8%er.

That's a week ago. In case you think I did something stupid like learn my lesson, here's this morning:





So far, so good...

I meant trades on a much higher time frame, and examples of what I'm talking about are basically non existent now.

Also, trading 5m candles with a bunch of TA is a horrible idea imo unless you are a bot.

It's an even worse idea if you're a bot. Unless you happen to be one of the few good bots. If you are not sure whether you are a good or a bad bot, you are a bad bot

Sigh. Yes. I knew what you were talking about.

Too much business, finance, and investing will leave you humorless and joyless.

That's what the bots want you to think.



















OK, why?

Seems like a good spot to get into ETHC.

It always goes up on the 7th.

Pinkmann,


I was seriously asking.

Short term market movements are mostly random, so what is your edge? Its no different than a poker game, if you don't know your edge then you don't have one.

Its a different story if you: were a bot developer going through 100's-1000's of hours of development and testing, or did 100's-1000's of hours of unbiased backtesting on specific strategies that show a long run profit.

can there be altcoin capitulation without eth breaking 0.056-0.054 clean??

Anybody know what happened to VeChain that went to roughly 3$ to a ludicrous 0.01$ I can't find any news of this anywhere online

They did a 1-100 supply split when they went from ven to vet. So 3$ to 1$

I see... I have been holding them in myetherwallet and the value went from 1k or so to 6$. So you are saying there was a hard fork from ven to vet, meaning I should have some other coins elsewhere?

No idea how they did their token swap. I'm assuming you can still get your VET, best to get on that asap. I also dont think VEN is traded anywhere after the swap but I could be wrong.

Bring me your capitulation !

Can u imagine eth back to $100? Lmfao

It's quite incredible and fun to watch even though I have a couple of heavy bags myself.

Thanking my earlier self for always staying primarily in BTC and resisting the urge to gamble big on alts.

At least Balina is broke now. $5m+ in paper profits down the drain.

Not sure if there are any alts worth buying at the time?

It’s over

a few things:

betting that 0.54 would break on ethbtc was an easy r/r play. Majority of alts in USD terms were already down 80%, yet their btc or eth trading pairs were only down 50% or so. My thesis wasnt that they need to be at parity for losses/or gains, but rather that as liquidity in each alt/USD market was being drained away, the last remaining liqudity pool for the alt carnage to flow out of was eth/btc.

Whats very exciting to me now is that there are a lot of eth icos and other related coins that are tightly correlated to eth than they are to btc (like omg and neo). This means that there is likely much more unwinding to occur on alt/eth markets if eth/btc continues moving down.

i did a 30day moving average correlation study a while ago, and the least correlated coin-tocoins are the ones with functioning USD or fiat markets. So LTC, xrp, eth etc and such are least intra correlated to btc. Point being that even if say ethbtc goes to some ungodly number, like 0.0014, this is not contingent on btc/usd tracking down. Although i wouldnt bet on that thesis. More simply, I just dont think you can rule out a world where eth is $88 and btc $6100.


also no pre-condolences to those of you that still hold ico tokens. Your blood will eventually paint a market bottom and the end of the bear market.

I think LTC reaches its fiat bottom before any other coin.

Aggo, where would you be willing to fill bags on XMR, LTC?

hate Balina

Potential bear trap but $360 now resistance seems almost certain $100 or lower coming now for ETH. If you look at big alts mcaps still lots of room left to the downside. Would it really be that shocking to see ripple at $1-2 billion mcap? That's another 90% drop.