If you bought Bitcoin on Friday, you have lost almost 28%

Mtrader said:
Correct. But no hairsplitting, reality. Or do you think all bitcoin owners are making huges returns? ...
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No and that is exactly why I said, correctly, it was hair splitting. Not everyone who bought last week lost 28%. Some did, some lost a lot less. Some not at all. That is the reality.
 
I'm the biggest crypto bull out there, but even I think this is ridiculous. This game of musical chairs keeps going....
 
I'm not buying any btc at this price, but there are some cryptos that are still undervalued.

All the cryptos combined are only worth $100B and many coins are lost. Amazon crossed $1000/share and is in the running for the 1st trillion$ company along with Apple, Google, FB... Citigroup worth 167B, Bank of America worth 221B, both were bankrupt, penny stocks before the bailout and printing of Trillion$ worldwide.

I'm going to say cryptos are not overvalued in this environment where fiat currencies have nowhere to go, and all assets are inflated worldwide (Vancouver real estate, anyone?). Cryptos going 10x from here may make them correctly valued, imho. At least they're immune from the printing presses syndrome of central banks.
 
@johnarb I don't disagree with you, however it's an issue of allocation. We only have so much to allocate over so many cryptos. Barring an ETF, one needs to pick and choose.

Take GNO vs REP, until the last 2-3 days GNO trounced REP. REP is on fire right now.
 
Ahh, yea, I see your point. I don't follow most of coins and I'm only holding 3 coins (not including btc as I only have a small amount of btc). I don't trade, just buy and hold . There's musical chairs moving around, but there's also organic growth coming from Japan and South Korea and more adoption worldwide, so coincap.io shows the huge positive inflows and hope it continues.
 
Pekelo said:
ETH is outperforming bitcoin easily... Even LTC doubled since the current low, BTC hasn't....
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I didn't mean good night as in KO'd, I mean as in it was a good night across the board. Ironically Ethereum trailing the pack. I'm picking up ETH on every dip as I feel it's the strongest contender and most likely to recover quickly after this bubble pops.
 
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