Yeah seems like this is driving bitcoin and other crypto down for the moment. Don't expect it to get better in the next couple of weeks either. I think I'm going to hold all of it until Sept 1st. Seems like some other people I respect about crypto expect the same as you indicated.

Does it concern you that Ethereum has dropped from $369 to $151 in 30 days? Or Bitcoin from $2700 to $1900??

Starting to lay out the rough outline of our possible ICO. Lots of homework and groundwork awaits us.

I really wish I had sold at 300+. Or not bought more at 350 thinking that was the low point.
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i sold at like 180 and took a 60 dollar loss or so. Generally if I find out a hot tip it isnt hot at all.

Anyone bailing on it right now is an idiot. I'm buying more of it for cheap

When this "scaling debate" subsides the bitcoin network will be well regarded by the media as a self correcting system because of social consensus inherent within the code's protocol. New money will enter the market and prices will trend higher.

Meanwhile very little has changed at all with Ethereum. This is simply the case of the #1 cryptocurrency having a real decision point and the uncertainty is dragging down the entire market because, quite frankly, it is still vaporware until your first Dapps hit the streets.

My gut tells me that this upcoming holiday season will be pretty damn exciting for crypto.

Edit: For the guy correctly stating Coinbase has been shady. I've switched to Gemini.com

Good post.

Shady? I just signed with them and bought on Saturday. :( Why do you say that?

Coinbase goes down at important times not letting you buy or sell, but it looks and seems legit to me.

Coinbase has a storied history of going offline during hours of high volatility. Its kind of bullshit

Replace the names and this could easily be a Motley Fool thread from 1999.

FWIW - if I had to bet I'd say BTC and ETH could just as easily go up 10x from here as crash. Once you make it easy for my uncle to invest - the shit could really take off.

But make no mistake the crash will eventually come. Bubbles don't exist w/o true believers. But the skeptics usually get out with something intact. Unless you're that skeptic that finally capitulates at the top of the market. Don't be that guy. :D

I'm not bailing but I'm mad as **** for buying more at $340. My initial buy was at $97 so until it starts hovering that number, I'm not selling.
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Also in for crypto talk. Just bought in last week with Litecoin and some Ether. We'll see how it goes. I'm planning on hodling through this August 1st mess (or non-mess, which is my belief) and see what pans out.

I hear you but remember this truth. Every pre-IPO stock price has bubbled up from pennies. The word bubble is tossed around a lot because its fun to say.

Agree. This is definitely a bubble, but the bubble is a few years away from bursting. There is a TON of money to be made here.

How's everyone holding up weathering the storm?

Bitmain started signalling for SegWit 2x today, so this might be over in a week.

Stay strong, bros.

#HODLyfe