Post
Topic
Board Altcoin Discussion
Re: Free Fall!!
by
bubbagump
on 17/01/2018, 00:26:50 UTC
-25 percent is free fall? It's funny. So then when there will be a growth of 25 and then in 50 percent we will call it tuzemoon  Cool

Nope I lost more than 50% of my portfolio and it is still dropping and this third day everything is dropping harder than the previous two days. Bitcoin is testing 10k USD support, if it doesn't rebound now then we are going into free fall for sure and that's basically going to be the big crash of Crypto where there will be blood in the streets and for some potential suicides. Many people and families only have crypto to survive on nowadays like myself, so if this doesn't work, many people will be left in dire poverty.

I'm not trying to be a dick, but why in the world would anyone put everything into such a volatile market???  People like that might as well just take their money down to the nearest casino and bet it all on a random number on the roulette table because that really is what betting on cryptos is right now.  There is nothing stopping a couple of people from crashing the market.  No, that wasn't a typo.  People don't seem to realize just how much power even the average whale exerts on the markets.  The big ones could probably move BTC 25% in either direction on their own if they wanted to, and since BTC is at this point the very visible mascot of cryptocurrencies as a whole, such a move would cause all of the others to move in cascading waves as well, which causes panic or euphoria in the gullible masses, which causes people to do even stupider things based on their emotions, and on and on.  It's been said before, but some people still don't get it.

DON'T GAMBLE WITH ANYTHING THAT YOU AREN'T WILLING TO LOSE.  ASSUME THAT WHATEVER YOU PUT INTO CRYPTOS IS ALREADY LOST!