Quote from: kryptqnick on September 14, 2017, 07:03:33 PM

Quote from: Lanatsa on September 14, 2017, 04:39:28 PM

Quote from: arpon11 on September 14, 2017, 04:23:55 PM

I could not understand what is happening, from price correction to this mighty price dump. Bitcoin bellow $3500, ethereum $235, litecoin now $48 and ripple fall below $0.19. I think Chinese government and traders are really dealing with altcoins and bitcoin hard now.

This China News is the main reason why most coins are dumping as of now.Its not actually a price correction but it was really dumping because of banning and closing exchanges together with some fuds. Price would really mainly affected on this one.Hopefully it would recover soon or even on this year.This is why we should really not panic sell and can somehow sustained the dump.

If one is looking for at btc as an investment then yes, totally, it's wise to wait till btc becomes great without China. Yet, as it is likely to take some time, for those who count on btc on regular basis it is better to cash out right now. As for alts, I expect them to recover sooner, for lots of them are actually not Chinese and are used not by Chinese. Thus, I think alts are now really good as a short-term investment option.

Correct, this is why on any decisions we would made we should really be careful and thinking always on win-win situation.Panic selling wont really give you a good thing but wrong decisions that you would able to regret later.If you are a short trader yesterdays opportunity had come on where the price had pumped almost $1k price which would actually give you some sweet profits if you do enter the right time.