Crypto-currencies have lost 30% of their value in the last 3 weeks
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Crypto-currencies have lost 30% of their value in the last 3 weeks
1–10 of 107 posts
Re: Crypto-currencies have lost 30% of their value in the last 3 weeks
#2Any speculations on why this is happening, and whether/how much they will grow in the near future ?
Re: Crypto-currencies have lost 30% of their value in the last 3 weeks
#3For now it's just a rather small correction, keeping in mind how much they had gone up in the last 60 months.
On the other hand, the uncertainty with Bitcoin's Segwit activation, possible chain split etc won't help in the next few weeks including August. It could make the bubble pop... or not.
What's weird is that coins that have already adopted SegWit, like Litecoin, seem to suffer even more than BTC during the dips (even if LTC was the best alt during the one since yesterday).
Re: Crypto-currencies have lost 30% of their value in the last 3 weeks
#4It looks like if you stack them it would be largely flat; just movement from btc --> ripple, eth?
Re: Crypto-currencies have lost 30% of their value in the last 3 weeks
#5Is there blood in the streets already?
Re: Crypto-currencies have lost 30% of their value in the last 3 weeks
#6Hopefully everyone looses confidence in mining and I can start buying cheap used GPUs.
Re: Crypto-currencies have lost 30% of their value in the last 3 weeks
#7For now it's just a rather small correction, keeping in mind how much they had gone up in the last 60 months. On the other hand, the uncertainty with Bitcoin's Segwit activation, possible chain split etc won't help in the next few weeks including August. It could make the bubble pop... or not. What's weird is that coins that have already adopted SegWit, like Litecoin, seem to suffer even more than BTC during the dips…
Yeah, the theory that people would be moving money into LTC when the BTC potential split approaches doesn't seem to be holding, at least not yet.
For now, the main theory, that all altcoins, including LTC, take their value from BTC, and react based on BTC's movements, seems to remain true. When people lose trust in Bitcoin, they lose even more trust in other cryptocurrencies, in aggregate.
Re: Crypto-currencies have lost 30% of their value in the last 3 weeks
#8It looks like if you stack them it would be largely flat; just movement from btc --> ripple, eth?
The third plot? It adds up to 100% by definition. ;)
Re: Crypto-currencies have lost 30% of their value in the last 3 weeks
#9Hopefully everyone looses confidence in mining and I can start buying cheap used GPUs.
Is it a good idea to buy GPU from mining farm? Surely it was overclocked and in bad thermal condition, so it could barely survive. I think, electronic circuits degrade in those circumstances, so this GPU won't last long.
Re: Crypto-currencies have lost 30% of their value in the last 3 weeks
#10For now it's just a rather small correction, keeping in mind how much they had gone up in the last 60 months. On the other hand, the uncertainty with Bitcoin's Segwit activation, possible chain split etc won't help in the next few weeks including August. It could make the bubble pop... or not. What's weird is that coins that have already adopted SegWit, like Litecoin, seem to suffer even more than BTC during the dips…
30% is not a small correction. Per definition, anything that is down more than 20% is in a bear market.