"All This Has Happened Before.." - FAQ on Why the Cryptocurrency Markets are Down by thecryptofiend

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markets · @thecryptofiend · Jul 19 '17 (edited)

$185.43

"All This Has Happened Before.." - FAQ on Why the Cryptocurrency Markets are Down

http://i.imgur.com/dpBlJy0.jpg
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<center><h1>Introduction</h1></center>
___
<h3>One of the questions I have been getting a lot from people who are new to cryptocurrencies and naive to the volatility within these markets is why everything is tanking right now.</h3>

<div class="pull-right">

![ThinkstockPhotos-486354364.jpg](https://steemitimages.com/DQmeLqsfHYH57rrziQvByi2mayfGhzSAY8RSZc6sENbwDQD/ThinkstockPhotos-486354364.jpg)
<center>**A lot of people think this is new.**</center>
</div>   

_In fact my mother who never talks about such things was telling me that she read in the newspaper (they still exist lol) that Bitcoin was going to go bust or something along those lines._

Some new cryptocurrency users have also messaged me on chat, FB and Twitter as they are anxious and wondering if this is the end of "the party".

**This is a quick (or as quick as I can make it) explanation for new users about what is happening and WHY YOU SHOULD NOT PANIC.**
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<center><h1>What is causing this?</h1></center>
___

<div class="pull-right">

![ThinkstockPhotos-499153126.jpg](https://steemitimages.com/DQmUvgdb2WJcTJvnrWr2sqUBF9bKzh5Z3ujMfvPchp3xaQS/ThinkstockPhotos-499153126.jpg)
<center>**Markets and people in general don't like uncertainty.**</center>
</div>   

<h3>There are a number of factors at play but the main one is uncertainty.</h3>  

The cryptocurrency markets are highly speculative and whilst all markets have some elements of speculation bitcoin and altcoin markets have a much larger degree of speculation within them.  

**There are multiple reasons for this (such as the relatively small size of these markets). The more important point is the source of the uncertainty:**
___
<center><h1>Why is there uncertainty?</h1></center>
___
<h3>The uncertainty is caused by fears over a couple of Bitcoin scaling solutions ([Segwit 2X](https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77)/[BIP 148](http://www.uasf.co/)) that may or may not activate towards the beginning of August 2017.</h3>
___
<center><h1>Why would these scaling solutions cause uncertainty?</h1></center>
___
<div class="pull-right">

![ThinkstockPhotos-515604620 (1).jpg](https://steemitimages.com/DQmdPEWSN9wdCuJqjQBR5GFChJNx9NMSUWJcdWpxs1P6rQv/ThinkstockPhotos-515604620%20(1).jpg)
<center>**People are afraid that the scaling solutions will lead to some sort of catastrophe.**</center>
</div>   

1. People are scared that these scaling solutions may **"break" bitcoin in some way**.
2. People are afraid that the community will become **more split on ideological grounds and that we may end up with multiple chains** i.e. more than one type of bitcoin.
3. There is fear that **backing the wrong chain may cause people to lose bitcoins** if it ultimately ends up failing.
4. The last few months have seen **very rapid and very large rises in both bitcoin and altcoin prices without (until now) any significant corrections**.  This creates a background of uncertainty which the scaling issue builds upon.
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<center><h1>Why is this making the bitcoin price fall though?</h1></center>
___
<div class="pull-right">

![ThinkstockPhotos-AA046815 (1).jpg](https://steemitimages.com/DQmSjgtGo5P9aKDq2ybvLobhGDgUnaj78syXULRCR4qUrvw/ThinkstockPhotos-AA046815%20(1).jpg)
<center>**People may see fiat as a more stable "haven" right now.**</center>
</div>   

<h3>As a result of the fear and uncertainty people are selling bitcoin to cash out into fiat in preparation of a price fall.</h3> 

The more this happens the more it pushes down the price.
____
<center><h1>Why are altcoin prices falling?</h1></center>
___
<h3>Altcoin prices are closely tied to the bitcoin price since in most cases the only way to buy and sell them is via bitcoin.</h3>  

<div class="pull-right">

![ThinkstockPhotos-530566774 (1).jpg](https://steemitimages.com/DQmSagRE46SBtqKcD2cTEjWjG2xLRpxgpxKDV3cK7D2EbnS/ThinkstockPhotos-530566774%20(1).jpg)
<center>**Altcoin prices often follow the bitcoin price.**</center>
</div>   

_**This means that as the bitcoin price falls altcoin prices follow too.**_  

In addition many people may be trying to get out of cryptocurrencies altogether until this period of instability passes.  They will be selling their altcoins for bitcoin (which will put downward pressure on prices), and then selling the bitcoin for fiat.  

_They may be hoping that they can then buy back at a lower price and increase their long term holdings when the market normalises and the uncertainty has passed._
___
<center><h1>Are there other factors involved?</h1></center>
___
<h3>Yes.</h3>

<div class="pull-right">

![ThinkstockPhotos-638778450.jpg](https://steemitimages.com/DQmbDZ7ZeLcWRsHBQbXgJe3Z7fdTtGvmLjKU3vZxsMhw3b1/ThinkstockPhotos-638778450.jpg)
<center>**Some businesses may be ramping down to protect against a possible split in chains.**</center>
</div>     

**Some bitcoin businesses may suspend operations during the period of greatest risk in order to protect themselves from blockchain problems (e.g. chain splits).**  

I have heard a number of business suggest this although I have yet to see any specific details.  

_It makes sense of course - you don't want to risk sending or spending money on the wrong chain if a split occurs._  

**This does add to the feeling of doom within the markets and also further reduces demand for bitcoin during the critical period.**  

_Some businesses may already be ramping down their bitcoin operations in preparation._
___
<center><h1>Should I sell my bitcoin for fiat?</h1></center>
____
<h3>That is up to you.</h3>  


<div class="pull-right">

![ThinkstockPhotos-595110842.jpg](https://steemitimages.com/DQmQojHc5ZTCLfmmKZhj4W1Cy3J5By1Qy1WxFANn9rJUGtg/ThinkstockPhotos-595110842.jpg)
<center>**Your best response to the crisis depends on your situation.**</center>
</div>   

_If you want to pursue the strategy of selling at the top and buying at the bottom this would make sense._  

**The problem is the "top" was a few weeks ago and there is no definite way of knowing where the bottom will be.** 

It is easy to get caught out in pursuing this strategy.  

**Some might say it is too late for it to work and it may involve a lot of work for very little payoff, particularly if the market recovers more quickly than expected.**
___
<center><h1>Should I sell my altcoins for bitcoin?</h1></center>
___
<div class="pull-right">

![ThinkstockPhotos-620712072.jpg](https://steemitimages.com/DQmXHPmjNEk8hM4Xz91snZP1cH6YZHVu6qCWsMPcaf8ejTk/ThinkstockPhotos-620712072.jpg)
<center>**Markets are hard to predict in the short term.**</center>
</div>   

<h3>Again there is no way to say if this will work in your favour or not.</h3>  

_**In some previous crises bitcoin has weathered the storm better than altcoins, in others altcoins have fared better.**_  

**The logical answer would be to keep a combination of both so you can spread your risk.**
___
<center><h1>Should I be afraid?</h1></center>
___
<h3>In my opinion, no.</h3>  

<div class="pull-right">

![ThinkstockPhotos-525793365.jpg](https://steemitimages.com/DQmdu8QtR3xB4qreQ4xLoSpAE94R7jMo4rJASjBXn51UjWv/ThinkstockPhotos-525793365.jpg)
<center>**Fear is natural but not necessarily helpful.**</center>
</div>   

Cryptocurrencies and blockchain are going to replace the current monetary system - I think most people involved see that, the only question is how long it will take.  

_I am quite confident that once the scaling issues are resolved the bitcoin price will recover (surpassing the $3K ceiling it set before)._  

When that happens altcoin prices will start following. 

**Not only that, but we will be in a much stronger position as a successful resolution of the current scaling issues will prove that the community can overcome such obstacles.** 

_**I think we may even end up seeing a $5K bitcoin not long after that if things go well.**_

___
<center><h1>What if it all goes wrong - will bitcoin and altcoins die?</h1></center>
___
<div class="pull-right">

![ThinkstockPhotos-652793158.jpg](https://steemitimages.com/DQmdmJ3kxUtjEDNcurMgDA2LmMfXwk99Diq4HDY44Cdodhs/ThinkstockPhotos-652793158.jpg)
<center>**Bitcoin and cryptocurrencies are here to stay.**</center>
</div>   

<h3>In a word - no.</h3> 

It is easy to catastrophize - things could go very badly but the ultimate result of that will be that prices will stay suppressed for a little longer.  

**It may even benefit bitcoin/altcoin adoption as some of those who felt "priced out" of the market may see it as their chance to get in to the market.**  

_Things are rarely 100% positive or negative._
___
<center><h1>What should I do then?</h1></center>
___
<h3>I can't answer that.</h3>  

<div class="pull-right">

![ThinkstockPhotos-586388038 (1).jpg](https://steemitimages.com/DQmRPFjA2NZfdceM28wPSCvHygoRzDmQkzAwsT4qSJaZdkZ/ThinkstockPhotos-586388038%20(1).jpg)
<center>**I can't say what you should do.**</center>
</div>   

Personally I am using the opportunity to buy more of the altcoins I believe in, in anticipation of when the crisis resolves.  

**I prefer to invest in altcoins as I believe that when growth does return, they will have greater profit potential (due to their lower relative valuations).**  

Plus as I have stated before I am no good at day trading and prefer to hold long term (for projects which I believe in).

_Individual strategies will vary depending on your own personal experiences and situation._

**In addition I am doing other things and paying less attention to the markets  - why stress yourself out over things that are beyond your control?**
___
<center><h1>Conclusion</h1></center>
___
<h3>There is a good reason for why I chose the title here - not only is it true but it is also a [Battlestar Galactica quote](https://www.youtube.com/watch?v=6bOy3RNyWME) - "All this has happened before and all this will happen again".</h3>  

<div class="pull-right">

![ThinkstockPhotos-57570625.jpg](https://steemitimages.com/DQmeTSAgB9F3n4WNW4YeLNHxiuVpx1b8SstLX7QT4bhx9e2/ThinkstockPhotos-57570625.jpg)

<center>**There are other things in life besides the markets.**</center>
</div>   

This is a concept that comes from a variety of spiritual belief systems.  One could also look at the occurrence of fractal patterns in nature as an example of it.

**This is not the first cryptocurrency crisis and this will not be the last.  Each crisis may have its own peculiarities but much of what happens and the way that the market responds will be similar.**

_I firmly believe that bitcoin and blockchain technologies are the future - they constitute a revolution that will not only change the financial world but many other aspects of life that we may not even be able to envision right now._

**Like most revolutions it will not be easy and it will come with some degree of turmoil.  That is the nature of disruptive technology.**

_Those that keep this in mind and refuse to panic will likely do better than those that give in to fear._

As I have said many times before there is no great reward without an accompanying risk.
___
<center><h1>Thank you for reading</h1></center>
___
![ThinkstockPhotos-91626487.jpg](https://steemitimages.com/DQmXayuxfSe1iABuBkCqwE6EBTvvEPvL3QjTS4gVa27Gkp2/ThinkstockPhotos-91626487.jpg)

___
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ihashfury	3,303,865,800	2.34%
boy	595,800,643	100%
bue-witness	726,478,268	100%
bunny	97,780,981	100%
bue	13,439,893,854	100%
mini	318,445,555	100%
jason	10,428,628,757	3.24%
onceuponatime	6,332,234,719,888	100%
proctologic	943,782,156	1%
healthcare	118,674,965	100%
daniel.pan	187,746,577	100%
chitty	134,867,737,028	10%
pnc	17,898,699,397	6%
patrice	27,090,241,470	50%
makishart	8,539,752,261	10%
jamtaylor	114,254,502,986	50%
piranhax	349,819,463	1%
teamsteem	1,024,480,165,642	6%
nanzo-scoop	992,612,166,322	20%
dan-atstarlite	245,007,235,223	38%
mummyimperfect	8,664,284,511	20%
marc-fa-schiwo	2,425,153,977	100%
ak2020	26,746,482,958	20%
midnas-howler	130,536,914,405	20%
thecryptofiend	525,287,275,014	25%
justtryme90	312,778,686,435	20%
the-alien	172,367,792,992	100%
wongshiying	2,714,107,301	12.5%
beervangeer	36,130,944,334	100%
ikigai	60,517,712,919	14%
mark-waser	51,524,556,358	25%
mauricemikkers	50,432,371,855	100%
jonnyrevolution	6,140,968,874	5%
trevonjb	779,104,165,139	25%
lauralemons	1,913,262,943	3%
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cultura.bitcoin	65,533,501	100%
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strangerarray	2,798,348,709	10%
livingfree	1,124,437,509,474	60%
vortac	1,164,997,501,943	30%
lrock	432,686,894,604	99%
toxonaut	21,887,923,826	100%
bobbylee	181,044,753,573	100%
deviedev	5,328,805,818	50%
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ubg	404,427,327	100%
kellywin21	9,712,473,686	100%
bitcoiner	3,292,796,817	6%
deanliu	100,039,203,809	12.5%
rea	453,181,948,836	50%
joythewanderer	92,082,440,059	100%
summonerrk	3,481,800,563	100%
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team-leibniz	21,294,710,812	25%
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logic	13,202,903,063	100%
yoganarchista	12,982,389,596	40%
kibela	5,279,311,061	50%
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kenjiby	12,600,492,226	100%
sulev	9,013,735,950	5%
vandeberg	1,953,061,709,625	100%
karenb54	50,870,496,335	30%
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nekromarinist	1,557,362,176	100%
timcliff	946,781,425,821	75%
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somebody	145,851,427,204	12.5%
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stephmckenzie	12,095,656,833	25%
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cornerstone	204,932,917,757	18%
jwaser	13,097,494,241	25%
rileyechard	101,306,013	100%
lifeasalion	2,895,463,582	100%
profitgenerator	16,380,538,389	100%
rada	268,371,716	100%
anahilarski	38,046,641,858	20%
bwaser	3,073,439,015	25%
allyouneedtoknow	3,567,093,154	12%
inphiknit	30,631,623,104	31%
t-bot	3,850,922,328	20%
ellepdub	6,833,477,001	25%
rynow	21,833,228,547	10%
herpetologyguy	86,334,641,057	25%
lonilush	5,598,593,953	100%
morgan.waser	5,428,261,923	25%
lexikon082	3,008,748,038	5%
schattenjaeger	154,829,201,775	100%
aksinya	30,469,756,330	100%
bapparabi	9,662,452,172	100%
timbot606	333,493,973	2%
luzcypher	105,859,917,125	100%
awesomenyl	4,463,344,262	50%
strong-ai	6,097,087,986	25%
siniceku	762,604,261	100%
essavan	3,281,197,192	100%
birds90	2,249,862,944	12.5%
dresden	6,454,735,459	10%
jameshowarrd	453,461,659	100%
mitchelljaworski	5,482,470,563	25%
dgiors	77,630,513,618	50%
jaki01	406,997,684,539	20%
edgar.allen.poet	141,750,125	10%
michelleh82	46,778,914,782	100%
slider2990	56,861,507,218	100%
br-real	196,584,879,315	100%
aurorax	1,814,420,298	100%
lalala	2,887,773,634	12.5%
blhz	5,707,628,754	100%
steem-meme	3,982,090,144	20%
sunscape	19,084,409,606	20%
promx	232,421,737	100%
johnjgeddes	68,951,291,213	100%
vermillionfox	7,322,369,045	15%
ianboil	3,358,581,849	100%
ebryans	71,994,866,572	100%
ejhaasteem	19,864,768,866	100%
joshuaatiemo	327,488,399	100%
builderofcastles	8,910,649,446	42%
joanaltres	9,422,086,310	100%
bosrad	1,946,786,462	100%
whatageek	106,984,213,608	25%
diyfun	571,688,193	50%
nikflossus	15,739,953,677	100%
breezin	3,370,499,935	5%
pozitivityspace	100,217,215	100%
devilwsy	271,234,561	12.5%
janiceting	271,099,967	12.5%
batanamatampuhin	288,519,243	50%
steemprentice	16,640,975,779	10%
apsu	11,379,225,085	100%
technoprogressiv	5,866,979,591	25%
mafeeva	14,360,502,344	20%
humanearl	646,038,156,167	100%
tradeqwik	153,875,320,682	10%
erikagrenson	4,431,676,652	100%
vcelier	509,128,936,633	10%
fricibacsi	97,279,697,257	100%
saeryn	5,283,795,259	100%
nspart	26,650,542,198	25%
petermonien	2,136,883,882	100%
chromiumone	10,056,855,183	100%
exanime15	5,420,268,884	100%
dimidrolshina	191,760,296	100%
dragon40	1,239,187,661	5%
darth-azrael	4,553,721,180	13%
stabe	15,810,985,951	100%
driptorchpress	18,892,383,854	100%
mrkroonsteem	8,773,557,035	100%
avikz	4,250,552,222	100%
sebastianjago	50,444,585,831	10%
adialam	2,565,624,393	100%
blackbunny	1,962,289,583	12.5%
riskdebonair	19,423,190,665	10%
lifelovelifting	1,283,750,381	30%
davidcurwain	322,528,366	100%
raja	11,397,365,953	100%
corvuscoraxx	784,198,119	30.4%
pqlenator	8,112,317,169	100%
terencehill888	394,093,314	100%
lingfei	3,676,292,327	12.5%
darth-cryptic	825,916,021	13%
pipes	11,059,073,330	100%
yyyy	565,842,727	12.5%
alexanarcho	83,475,443,639	100%
ceres	55,994,044	50%
sebhofmann	23,209,168,570	100%
middle-theory	12,901,145,005	25%
teammo	35,065,636,098	25%
usaherald	183,218,331	10%
comfortgenius	1,204,120,784	100%
camilojjj	738,678,439	100%
carbunco10	317,321,636	100%
natasmr	2,420,013,879	100%
benjemar	5,883,262,352	100%
endi11	1,376,273,036	100%
businesswri	25,693,783,892	100%
trafalgar	1,663,679,689,039	8%
suziescorner	2,531,497,092	100%
sunmaker	684,345,200	100%
ryeis1	1,767,986,352	100%
vitirio123	23,709,973,157	100%
leviarcoin	2,327,303,947	50%
dexter-stoner	1,376,043,477	100%
kunschj	15,576,811,083	100%
azizali	730,559,168	100%
anarcotech	37,542,284,282	50%
fiord18	576,118,604	100%
andrianna	16,467,866,315	100%
manycoolthings	1,169,128,314	100%
bemky	6,945,460,015	100%
awesomianist	233,046,705	0.6%
m0b1usz3r0	583,204,384	100%
jakechalmers	21,915,727,783	100%
ebohio2008	12,899,878,807	45%
atlweb	518,818,900	100%
tbnfl4sun	6,982,940,605	33%
hamidreza-asgari	754,131,035	100%
choogirl	12,381,152,387	15%
joebloggs67	3,628,129,782	15%
synapse	3,141,846,559	100%
ghostgod	89,045,870	10%
practicaleric	732,446,746	100%
keleka17	616,503,407	100%
replichara	5,883,730,225	100%
emcvay	197,649,650	10%
siddartha	1,078,158,320	100%
endthefed2017	76,265,283	10%
sv67216721	3,877,685,658	5%
sikawura	1,001,382,233	100%
irreverent-dan	12,260,307,757	49%
tammywatkins	28,365,642,913	100%
tomber	24,071,713,854	100%
joviandres	1,208,557,415	100%
iplazzy	6,252,630,561	100%
williamgomez	6,469,951,925	100%
remarxtin	6,473,497,668	100%
freedomnation	19,347,266,149	100%
paolatoro	6,150,270,760	100%
clysse	9,887,426,414	100%
whatsupz	8,712,344,848	100%
v0lter	6,136,688,352	100%
gmt117	2,367,053,053	100%
o1123581321	8,292,479,259	100%
tizanio	5,691,849,318	100%
followbtcnews	618,971,556	0.6%
popolo9thisland	12,318,527,841	100%
doqstrader	11,788,263,748	100%
heathcarmody	5,353,048,590	100%
teremend	1,878,648,649	100%
blazin3596	5,310,069,629	100%
jkkim	35,205,658,598	10%
ebejammin	34,792,199,222	5%
eveuncovered	32,567,454,070	100%
thethreehugs	397,384,034	100%
ericarthurblair	3,917,411,943	10%
costopher	416,750,377	5%
seunghobaek	84,882,319,829	100%
dejavu	5,431,005,677	100%
rkrijgsman	616,644,022	100%
bydan	220,605,049	100%
waykiwayki	4,329,075,049	100%
georgitsachev	1,491,079,041	100%
nazirkhyber	4,004,896,569	100%
mikegun	7,155,723,513	100%
melowd	131,418,515	1%
superskillz	15,931,391,935	100%
lexiconical	91,815,138,012	10%
artedellavita	3,047,270,606	100%
sevenstars	8,900,693,055	100%
showoff	381,736,017	1%
natra	398,972,539	2.4%
pakyeechan	13,569,328,345	100%
jimsparkle	11,911,207,696	100%
edge17	518,818,900	100%
unspeakableme	509,387,022	100%
theangoubaby	601,996,796	100%
janusface	203,763,863,144	100%
berlinmoonlight	14,643,433,590	100%
mintsauce	4,948,816,500	100%
olekpopova	964,643,790	100%
soundreasoning	21,085,908,379	100%
kumotune	2,750,754,654	100%
magiciantim	2,858,283,972	100%
fran.hardwicke	631,533,285	20%
erickjongo	179,321,176	6%
exec	8,876,663,518	12.5%
eval	89,157,646	12.5%
carobetc	3,921,767,825	100%
fikri	2,091,341,626	100%
robinhaney	1,875,145,320	100%
agstakzzz	6,713,883,241	20%
stephcurry	2,630,823,215	20%
patil	1,117,197,549	100%
mehdibca	2,339,018,005	100%
zeeshanrafique	921,283,122	100%
epixar	56,756,948	100%
agentsofmars	6,222,286,787	100%
jupiter5	471,484,662	30%
tsinrong	1,013,125,189	100%
sambo-rambo	134,429,741	30%
drled	104,413,617	100%
johnlue	553,275,342	6%
jeffjulien	729,606,432	100%
xdark23	334,198,925	100%
hamzarasheed	1,511,837,266	100%
jorgedr0id	1,102,672,210	100%
frankchen	1,595,722,166	100%
lewisglasgow	5,239,215,005	100%
hotsauceislethal	441,068,824	100%
davebrewer	128,498,524,535	25%
cryptolife1	125,822,622	10%
luke-skywalker	63,708,578	10%
keks	1,014,637,412	100%
tantra	126,027,462	100%
emag	1,836,701,765	100%
buddhagaming	615,020,430	100%
stich	1,156,608,504	100%
calinconst	64,531,132	10%
godsgifts	1,137,229,388	100%
tumbleweeds	294,525,579	100%
motormouth	2,814,648,495	100%
biuiam	1,167,892,212	100%
antoniowestley	854,717,252	100%
murtazasyedm	2,854,466,853	14%
omar-hesham	63,216,131	0.6%
bendixon	1,319,249,495	100%
zacly	990,999,743	100%
ksenchik	887,938,353	100%
samuelsunday	1,137,488,824	100%
sovereign-naan	962,205,933	100%
kylek717	1,397,374,209	100%
yaan	1,559,064,961	100%
sversus	395,007,515	29.5%
unicorncards	1,434,038,428	100%
skywalkerz	1,450,207,521	100%
slickhustler007	2,976,180,999	100%
markd	268,778,551	100%
cristiungureanu	1,211,354,780	100%
hibiscus	1,075,691,206	100%
investigation	883,184,816	100%
mystifact	100,251,427	6%
johnlim17	984,155,887	100%
stegis	1,034,165,315	100%
geechidan	1,347,425,282	100%
dailyquotes	1,192,031,355	100%
plumey	1,555,031,947	100%
cherishdcm	612,174,981	100%
rameshkumar	852,505,796	100%
cswain2016	1,073,644,812	100%
snakiest	2,256,769,143	100%
idcinc	8,839,792,459	100%
cryptogirl1	4,974,253,772	100%
dusanvukic	1,071,531,391	100%
steembg	1,160,696,449	100%
alextracy	1,102,661,570	100%
adambarratt	998,198,513	100%
andesign	860,787,657	100%
fahmidamti	218,873,370	100%
pastbastard	70,512,755	100%
devilcat	1,137,480,496	100%
royalscepter	2,090,271,606	100%
zebbad	208,033,572	100%
nazirah	1,135,875,628	100%
northpolltv	1,160,692,812	100%
giosou	466,456,518	100%
tinawangboston	1,552,420,032	100%
naist	158,100,871	100%
daniham	76,650,628	100%
alioops	1,253,788,711	100%
soulra1ser	1,564,503,449	100%
livebuzz	802,846,521	100%
codybitscott95	4,373,576,941	100%
tycoonsleo	606,570,273	100%
arkimedi	969,661,238	100%
mechsammich	1,254,237,786	100%
wayfaraway	165,167,748	10%
jessiccahaas	1,161,188,004	100%
beautifulbullies	986,963,730	100%
swssmarketing	1,815,170,817	100%
eleetmagazine	5,506,995,940	100%
planet-power	206,312,859	100%
nofalali	1,615,092,869	100%
outhori5ed	248,628,561	100%
mountrock	797,162,960	100%
lombardo82	272,762,319	100%
uzdc	22,467,110,327	25%
dineshbeniwal	1,094,262,358	100%
christ2169	104,462,138	100%
promoted	13,868,143,972	0.91%
savana	371,751,536	100%
amishra	1,012,030,958	100%
caseym	1,557,598,606	100%
tsteem	179,906,876	100%
hidayatalfath	410,191,481	100%
khan15	0	100%
happymoneyman	21,141,964,399	100%
kdogdiggles13	79,423,678	100%
zdenek	804,584,450	100%
samsulbahri90	670,044,039	53.03%
aurica72	301,943,543	100%
syafdarulahyar	1,214,758,100	100%
nikudutta	1,015,601,999	100%
digitalshaman	52,794,794	100%
arlene63	1,016,596,093	100%
paragkumar	1,098,738,469	100%
ddot	0	0%
comicbear77	994,331,700	100%
fairgirl	1,237,490,032	100%
felam1699	332,598,592	100%
donkeysworld	1,509,092,374	100%
abou	57,949,012,232	100%
dianclasher	227,704,432	100%
voltash	59,625,968	7%
olderthandirt	21,116,011,232	100%
thomasmmaker	1,684,181,521	100%
better-life-tips	517,558,442	100%
zesire	371,697,062	100%
fit123123	829,889,825	100%
katteasis	1,120,420,144	100%
iamrifk	275,734,300	100%
carltheexplorer	1,132,031,414	100%
carlos-fernando	1,097,237,352	100%
the-og-rgiii	649,981,467	100%
vysmek	669,255,618	100%
teukuarmia	705,958,743	100%
shameonyoubane	2,301,623,612	100%
ericteske	1,160,680,173	100%
zinmintun	523,050,226	100%
lavant	1,235,345,159	100%
hooda1artist	249,126,742	100%
shehbaznawaz	1,115,136,081	100%
ondawoad	0	100%
pobi	464,288,450	100%
ahmad.rezk	284,721,062	100%
arif100	673,194,263	100%
sofijs	249,546,149	100%
gunsmasterrock	225,647,065	100%
geneeverett	68,203,311	100%
tinhlaingoo	92,854,351	100%
saveron23	966,883,383	100%
xiaoming	1,160,679,057	100%
wildmagic	1,056,217,823	100%
whenitallbegan	1,167,086,982	100%
anthony3	1,143,268,710	100%
davibicudo	1,160,678,173	100%
lagos	1,160,760,561	100%
caipi94	1,098,749,349	100%
adrianborgo	493,287,997	100%
victoruyai	208,921,787	100%
ibokamil	1,098,870,123	100%
shivakrushna	998,181,177	100%
abatedwombat	940,147,382	100%
muhammadalikatu	690,921,868	100%
rashidminhas	69,640,545	100%
anonimous	84,189,390	100%
poojareddy	301,775,690	100%
ciudadano	1,143,265,574	100%
khantsithu	835,686,490	100%
joshdurston	1,120,051,818	100%
arvindsingh	87,050,657	100%
frantorr	1,009,787,423	100%
kelseyncastro	655,781,414	100%
duellinks.decks	510,696,920	100%
tommymindtrick	1,160,674,291	100%
aek081969	818,275,356	100%
christianwright	922,736,034	100%
mitchellfinesse	870,505,674	100%
leyla5	313,382,024	100%
jair9004	307,258,034	100%
dustin22	1,009,786,380	100%
davett	248,084,503	100%
millionairemark	226,895,488	100%
ratboy	713,814,154	100%
jidosky2001	1,015,589,240	100%
juanddiazd	452,662,627	100%
boysteem	307,578,447	100%
sylvaindem	1,120,049,790	100%
alexicp	632,566,974	100%
jackyx2clic	233,854,491	100%
vsaraf	1,143,263,232	100%
empredigital	1,137,459,853	100%
randylair	911,128,473	100%
petpeeves	1,096,836,184	100%
steemfever	911,128,466	100%
bharatnishad	562,926,483	100%
pfiffel	168,415,245	100%
veritasdolor	1,120,049,436	100%
mabraper	1,073,622,372	100%
usman90	214,724,410	100%
ahlawat	232,134,487	100%
duekie	412,038,612	100%
frindsfever	533,909,130	100%
pm1008	1,143,261,206	100%
ponlinebusiness	429,448,300	100%
jeycena	1,160,670,568	100%
supermommitch	1,079,423,206	100%
costi83	1,160,670,079	100%
fouadbenlarbi	835,682,455	100%
momochsim	760,238,872	100%
seranium	1,131,653,281	100%
brence	568,728,314	100%
hobo66	1,067,816,426	100%
isaacperu	934,339,373	100%
nikolaos	742,828,782	100%
mmeskall	1,096,833,085	100%
imranali	1,032,996,206	100%
box54321	127,673,683	100%
saurabhdey	748,632,048	100%
malekouertani	899,519,126	100%
jelena9	1,160,669,834	100%
hdmed	760,238,650	100%
hamo86	52,230,135	100%
sasha1buttercup	493,284,562	100%
steveik	858,895,372	100%
malikbasharatali	499,087,747	100%
asss	232,133,815	100%
isaiasbermudes	974,961,791	100%
ph1	882,108,136	100%
guyians	1,160,668,585	100%
saiglobalteam	1,096,831,550	100%
hackbot	93,627,339	10%
googly	106,110,984	10%
genblack	1,120,044,024	100%
gowd	1,160,666,976	100%
mhdi	609,349,887	100%
elenanurse	847,286,498	100%
doog1478	992,369,794	100%
wundengba	354,003,234	100%
freakred	118,594,587	10%
matrixbot	118,594,585	10%
cricinfo	112,352,765	10%
kadeus	731,219,726	100%
tuvalamrani	493,283,017	100%
xoredkiller	1,143,255,910	100%
flodner	458,462,934	100%
bitcoinbooster	951,745,787	100%
amazing-tees	1,096,828,579	100%
rivalrisnanda33	1,096,828,371	100%
itman	90,229,436	100%
steemzet01	951,745,185	100%
jdlite	1,032,991,171	100%

@abou · Jul 16 '17

$0.11

"Like most revolutions it will not be easy and it will come with some degree of turmoil" you said everything ! I upvoted your post, thanks !
I think one crisis like this one is good to find a good entry level. At the end of the day, the blockchain tech have still endless possibilities

👍 thecryptofiend, middle-theory

`author`	abou
`permlink`	re-thecryptofiend-all-this-has-happened-before-faq-on-why-the-cryptocurrency-markets-are-down-20170716t160224084z
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properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
thecryptofiend	0 B		21,440,296,939	1%
middle-theory	0 B		516,045,800	1%

@kenhudoy · Jul 16 '17

$0.03

great comment @abou
you also added value to the update from @thecryptofiend
So what you mean now is its ok for one to buy ...and will it drop more..i mean btc and altcoin...is etherium , poloniex and steem also having same issues...my steem is geting less value to dollar!

👍 jesta, marcusxman

properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
jesta	0 B		7,896,512,055	0.1%
marcusxman	0 B		247,305,211	0.05%

@thecryptofiend · Jul 16 '17

Thanks yes, I think so too.

properties (22)

@abupasi.alachy · Jul 16 '17

$0.10

Incredible postings you know from me @ abupasi.alachy

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
thecryptofiend	0 B		21,468,642,107	1%
middle-theory	0 B		516,045,800	1%

@adambarratt · Jul 16 '17 (edited)

$0.11

Wow, excellent post! Really helpful for newbies like me to get a bit more of an understanding of it all.  I'll certainly be watching with interest, and like you say, it's more than likely the future and there are always cycles and seasons in everything!

👍 thecryptofiend, middle-theory

`author`	adambarratt
`permlink`	re-thecryptofiend-all-this-has-happened-before-faq-on-why-the-cryptocurrency-markets-are-down-20170716t170803346z
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@thecryptofiend · Jul 16 '17

Thanks glad you found it useful:)

properties (22)

@alexicp · Jul 16 '17

$0.10

Very well FAQ of  cryptocurrencies

👍 thecryptofiend

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@alioops · Jul 17 '17

$0.11

Fantastically informative and helpful post especially for those of us like myself who are extremely new to cryptos. I will be looking on from Augusts 1st with wide eyed interest.

👍 thecryptofiend, middle-theory

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@thecryptofiend · Jul 17 '17

Hopefully it doesn't take too long to resolve :)

👍 alioops

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@alioops · Jul 17 '17 (edited)

$0.11

Hopefully not. Although if I'm completely honest, a slow turnaround gives me a bit more to scratch together some meagre funds to invest. 😉
I picked the wrong time to invest. Not in market time but time in my life. If only I'd known when I had an income. 🙁

👍 thecryptofiend, middle-theory

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@andr1an0 · Jul 16 '17

$0.11

I firmly believe that bitcoin and blockchain technologies are the future - they constitute a revolution that will not only change the financial world but many other aspects of life that we may not even be able to envision right now.

👍 thecryptofiend, middle-theory, andr1an0

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@thecryptofiend · Jul 16 '17

I agree.

properties (22)

@arcange · Jul 17 '17

$0.11

Congratulations @thecryptofiend!
Your post was mentioned in my [hit parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20170716) in the following category:

* Comments - Ranked 6 with 213 comments

👍 thecryptofiend, middle-theory

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@arckrai · Jul 16 '17

$0.15

It looks like many people are just panicking and think they have no choice than just taking their money out of the markets. There is nowhere better to store their coins so they think rather than holding and gaining in the future, they are going to take the loss to protect the huge profits they may have made so far.
I don't think the 'end of crypto' is coming anytime soon.
If anything there may be a boom of crypto after this hardship.
We all just need to be a bit more patient and remain calm.
Thank you for reassuring people @thecryptofiend

👍 thecryptofiend, yuhjtman, middle-theory

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@thecryptofiend · Jul 16 '17

You're welcome!

properties (22)

@artedellavita · Jul 16 '17

$0.11

I agree with everything mentioned in your post, I have no fear and I'm taking the opportunity to purchase. History has a way of repeating itself and pretty soon the prices will rise again. I don't think alt coins are going anywhere but in my wallet ☺️

👍 thecryptofiend, middle-theory

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@thecryptofiend · Jul 16 '17

Exactly I think we are in agreement.

properties (22)

@beatminister · Jul 16 '17

$0.33

>Cryptocurrencies and blockchain are going to replace the current monetary system - I think most people involved see that, the only question is how long it will take.<

You know, as a PM stacker that sounds eerily familiar to me. That is basically the same what PM bugs tell each other - and themself - for years now. And the prices are still rediculously low, after all those years.
My recommendation is: don't invest unless you can afford to wait for a profitable - or loss free at least - payout for a long time. Perhaps even years.

👍 beatminister, irrer-ivan, thecryptofiend, middle-theory

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@thecryptofiend · Jul 16 '17

$0.04

I have no idea what that (PM) is.  That is the difference.

👍 beatminister

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@beatminister · Jul 16 '17

$0.22

Sorry, PM - precious metals, as in gold, silver ect.
Sometimes the "gang slang" comes through... :)

👍 irrer-ivan, thecryptofiend, middle-theory, beatminister

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2 replies

@beautifulbullies · Jul 17 '17

$0.12

great post, thank you! I am new to crypto and this has answered lots of my questions.

👍 thecryptofiend, beautifulbullies, middle-theory

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@thecryptofiend · Jul 17 '17

You're welcome:)

properties (22)

@blazing · Jul 17 '17

$0.11

some very interesting points

👍 thecryptofiend, middle-theory

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@thecryptofiend · Jul 17 '17

Thanks!

properties (22)

@blueorgy · Jul 16 '17

$0.11

You've been UpVoted via the UpVote Experiment 002 Bot. Depending on my VP & the price of STEEM you should get a $.01-$.03 for your trouble.<br>Read more about this experiment <a href='https://steemit.com/experiment/@blueorgy/upvote-experiment-002-upvote-em-all'>here</a>.<br><br>**Thank You - @blueorgy**

👍 thecryptofiend, middle-theory

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@kenhudoy · Jul 16 '17

$0.03

how does the upvoting work...can one get higher value than 0.1 to 0.3$
need best options for my posts @blueorgy
thanks for sharing  this and your comment

👍 jesta, marcusxman

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

Thanks!

properties (22)

@ciudadano · Jul 16 '17

$0.11

Nice post @thecryptofiend! i'm think too that buy and hold for the longer term is the best strategies! so, which alts you think have great potential? Thanks in avance! i follow you

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

Well I would say there are a lot  like Ether, LTC, DASH, ZEC, STEEM, WAVES, STRAT, LISK, XEL, STEEM - there are many more but those are the ones that come immediately to mind.

properties (22)

@codybitscott95 · Jul 20 '17

$0.09

Theres way to many weak hands in the market. The moment something goes down one point their heart exceeds Max and they Panic sell. I think everything is gonna level out after August 1st. Everyone always says oh its gonna fail, but in reality its only going to grow stronger. Just my 2 cents on the whole ordeal. I'm ready to get past August 1st tbh!

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 20 '17

I think you are right.

properties (22)

@comicbear77 · Jul 17 '17

$0.11

Thank for putting good effort on this blog ⬆️ Upvoted 👌🏻

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 17 '17

You're welcome:)

properties (22)

@cryptogirl1 · Jul 16 '17

$2.70

Again fantastic blog post @thecryptofiend. 

I would like to describe **my strategy**. I do not believe that prices have touched the bottom. In other words, **prices will fall even more** in next days and weeks. So I do not buy any crypto right now, but **wait**. I will invest in three to five altcoins plus bitcoin. 

At the moment I am writing series of texts about cryptocurrencies I believe in. If you are interested **where to put money** consider **following me**.

👍 thecryptofiend, middle-theory, pfa, ciudadano

properties (23)vote details (4)

@thecryptofiend · Jul 16 '17

$0.09

I think a better strategy is to spread out your buys since nobody knows for sure where the bottom will be.

👍 pfa, mtgmisfit, cryptogirl1, jackyx2clic

properties (23)vote details (4)

@cryptogirl1 · Jul 16 '17 (edited)

$0.14

I agree that nobody knows but in my opinion prices are still high.  There are many reasons I believe that prices will fall even more. 
1. Bubble was made in February or March, but the biggest price rise started about the end of the April. At that moment, market capitalization was little more then $30 billion. Right now market cap is more than $65 billion. 
2. Short term investors have lost confidence and now are selling cryptos in order to run away. 
3. There is a plenty traders/investors that are afraid of Segwit2x so they are waiting to see what will happen. 
4. Many articles and blog posts are not inclined to cryptocurrencies. 
@thecryptofiend do you believe that all of these influences are already imputed in prices?

👍 thecryptofiend, pfa

properties (23)vote details (2)

2 replies

@cryptonet · Jul 16 '17

$0.14

That's a precise explanation to all these crypto questions people are asking nowadays. 
First things first, Bitcoin will further fall for sure because everyone considered 1 August as a deadline and no one is purchasing anything in the market right now, as a result without no purchasing power, Bitcoin will further decline.
Secondly, there are 80% chances of Segwit implementation but still 20% chances exist for failure, and people generally fears negativity and they are just considering the neativity now, selling all their bitcoin shares and converting them into fiat.
Thirdly, Crypto currencies came into existence recently, so there's no way the are going back to again at zero. People always need something to play speculation for. So crypto's are the best option for short time investors, they will never let them die.
So, the best time to invest is within one week and after that price will get started to increase because of buying pressure. So, grab the opportunity before it passes.
Anyways a big thumbs up for the article @thecryptofiend

👍 thecryptofiend, cryptonet, middle-theory

properties (23)vote details (3)

@thecryptofiend · Jul 16 '17

Thanks.

properties (22)

@davebrewer · Jul 18 '17

$1.17

Amazing commitment, this took substantial time to format and create.  Professional grade, not blog grade.
You deserve the professional grade pay out you will get with this work.
STEEM On!!

👍 davebrewer, thecryptofiend, middle-theory

properties (23)vote details (3)

@thecryptofiend · Jul 18 '17

$0.72

Thank you!

👍 davebrewer

properties (23)vote details (1)

@daveespino · Jul 16 '17

$0.11

Excellent post because it's right in line with what I'm thinking! Following and upvoted.

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

Thank you!

properties (22)

@davett · Jul 21 '17

$0.13

Can't keep a good thing down! We're almost back to where we were at the top.

👍 thecryptofiend, landern, middle-theory

properties (23)vote details (3)

@thecryptofiend · Jul 21 '17

Exactly in a few weeks when Segwit activates it could break to new levels.

properties (22)

@deleni · Jul 16 '17

$0.11

"The problem is the "top" was a few weeks ago and there is no definite way of knowing where the bottom will be." - Totally agree with you!

The main thing now is to wait a little bit longer!

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

Yes it will be a while before we get any significant rises.

properties (22)

@dianclasher · Jul 16 '17

Nice

👍 jackyx2clic

properties (23)vote details (1)

@dirtyburger · Jul 18 '17

![](https://steemitimages.com/DQmQT1EhixJhHhz42Xqp3fEvChceEVbVFmZRtZxYEeXWFHu/image.png)

properties (22)

@dlina-v-metrah · Jul 16 '17

$0.11

Thank you, you reassured me. Although such a sharp fall still gets on your nerves.

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

Yes it is natural.

properties (22)

@donkeysworld · Jul 17 '17

$0.11

Very good insight for the fearless. Bitcoin probably will bottom out further for a short while. Like your post states 'Don't Panic'. I'm just waiting for the next big boom of which, I am confident, it will come.

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 17 '17

Yes me too.

👍 donkeysworld

properties (23)vote details (1)

@dusanvukic · Jul 16 '17

Great post!

👍 thecryptofiend

properties (23)vote details (1)

@thecryptofiend · Jul 16 '17

Thanks!

properties (22)

@eleetmagazine · Jul 17 '17

$0.11

Nice writeup! Format was superb!

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 17 '17

Thanks!

properties (22)

@elfasiy · Jul 23 '17

Good luck @thecryptofiend. Success for you. May God always bless you.
Do you know the power of giving? Yeah, you are exactly know.
Remember that the heppiest people are not those getting more, but those giving more. And as I know, no one has ever become poor by giving.

properties (22)

@thecryptofiend · Jul 23 '17

What does this comment have to do with my post?  I see you are spamming everyone with this same comment.

properties (22)

@emag · Jul 16 '17

$0.12

This article should be definitely published in a newspaper!

👍 thecryptofiend, emag, middle-theory

properties (23)vote details (3)

@thecryptofiend · Jul 16 '17

Lol thanks:)

properties (22)

@evanrvoss · Jul 16 '17

$1.10

![](https://steemitimages.com/DQmNrnU1SHDBPztXrZL7ezLqxT8CxgQnd1BsbtrXN7f9qz6/image.png)

👍 evanrvoss, jackyx2clic

properties (23)vote details (2)

@freedomnation · Jul 16 '17

$0.61

This is another bitcoin doomsday hype and I believe nothing will happen although people can cut their loses by selling now and buying low. After 1st of August I hope we see uptrend of all coins until the winter.  Especially Steem/SBD/EOS/Bitshares.

👍 good-karma, thecryptofiend, bitcoiner, feruz, esteemapp, fatpandadesign, bluchr, bounties, steempoll, demo, tipping, mysteem, erickjongo, johnlue, mystifact

properties (23)vote details (15)

@pfa · Jul 18 '17

$0.52

why do you think these and not one of the 800+ other ones?

👍 pfa, crypo.lovr

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

$0.10

Yes people seem to love saying the world is ending.

👍 freedomnation

properties (23)vote details (1)

@freedomnation · Jul 16 '17

$0.61

The mayas predicted Bitcoin doomsday 1st of August lol.  It's funny how many people are panic selling.  The people who will lose the most from this ridicilous panic are the miners.  Their roi on their equipment and electricity or cloud service is diving and they can't do nothing.

👍 good-karma, thecryptofiend, bitcoiner, feruz, esteemapp, middle-theory, bounties, steempoll, demo, tipping, mysteem, erickjongo, johnlue, mystifact

properties (23)vote details (14)

3 replies

@froghollow · Jul 16 '17

$0.11

Yes, all this has happened before.  Google "Beanie Babies".  Internet fads never last forever.

👍 thecryptofiend, froghollow, middle-theory

properties (23)vote details (3)

@thecryptofiend · Jul 16 '17 (edited)

Bitcoin and cryptocurrencies are not an internet fad.  Strange irony that you would use a blockchain platform to compare them to Beanie Babies - it is a nonsensical comparison since they had no actual utility or purpose.

Further your response suggests to me that you just read the title and nothing else.

properties (22)

@geechidan · Jul 16 '17

$2.64

I always tell folks that the alternative to crypto currency is what? So I really feel that after August it's about to be a mad house again. This is a new market though, less than what, 3 years old? Yeah...that's why I really don't listen to all these fake analyzers and crypto currency predictors. The market is just too new to start doing all of that. Now I will say this, the prices are still much higher than they were in April, so even if Bitcoin drops below 1400 along with other coins, technically it is still higher than normal.

👍 thecryptofiend, middle-theory, pfa

properties (23)vote details (3)

@chainstudy · Jul 20 '17 (edited)

It's still a young market, but many prices are seriously inflated or based purely on speculation. With value investing (the best kind of investing in my opinion), an asset is weighed against its underlying value. To say that the EOS platform is worth $400 million right now... that's tough. When prices reflect so much of future expectations and so little of actual use, that's when its important to be wary. I don't disagree with you regarding more investors getting in in August, but just providing an alternative view.

properties (22)

@hotsauceislethal · Jul 16 '17

Lol 3 years old??? What are you drinking cuz I want some... BTC was created 2008 went live 2009. $1 bought about 1000 or so BTC back then on the first exchange.

properties (22)

@geechidan · Jul 16 '17

I stand corrected. So 2010 about...So the market is 7 years old. SO it's relatively new. ANd only since early Feb has really seen this type of growth. It's hard to speculate what the heck will happen in a market like that.

properties (22)

@thecryptofiend · Jul 16 '17

Yes and that is also why there is still the possibility for it to drop down to around the $1000 mark.

👍 jackyx2clic

properties (23)vote details (1)

@geechidan · Jul 16 '17

$0.11

Whatever it does, I'm with it. I don't plan on going back to the dollar for much investment or o make my money grow.

👍 thecryptofiend, middle-theory, jackyx2clic

properties (23)vote details (3)

@gmt117 · Jul 16 '17

$0.75

Excellent use of formatting, headers, etc. I think it's the best article I've read here in terms of styling - makes it very clear and easy to read. Content is great too. Thank your for sharing your views.

👍 davebrewer, thecryptofiend, gmt117, edgylord, middle-theory

properties (23)vote details (5)

@thecryptofiend · Jul 16 '17

Thanks glad you liked it.  I try to make it clear and easy to read.

👍 gmt117

properties (23)vote details (1)

@gniksivart · Jul 16 '17

$0.11

There has been too much investment and too many businesses built around Bitcoin and blockchain for it to disappear over night.

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

Exactly.

properties (22)

@gokike · Jul 23 '17

$0.08

Your article makes sense.

👍 thecryptofiend

properties (23)vote details (1)

@thecryptofiend · Jul 23 '17

Thank you.

properties (22)

@gowd · Jul 20 '17

$0.09

Great post. These dips are a great time to buy...just got to remember to keep some funds ready to buy when the opportunity arises.

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 20 '17

Yes.  That is the best reason to keep some dollars or bitcoin aside.

properties (22)

@hamidreza-asgari · Jul 17 '17

$0.12

Thanks you for sharing. I think August 1st is considerable and may cause chain split to Bitcoin blockchain.

👍 thecryptofiend, hamidreza-asgari, middle-theory

properties (23)vote details (3)

@thecryptofiend · Jul 17 '17

It could but I don't think it will happen.

properties (22)

@hassanayub · Jul 20 '17

$0.09

i love this post

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 20 '17

Thank you:)

properties (22)

@helleremo · Jul 17 '17

Follow me please

properties (22)

@hotsauceislethal · Jul 16 '17

$0.11

I just wrote a post about the Golden Ratio that BTC has found support at. Check out my article here:https://steemit.com/bitcoin/@hotsauceislethal/three-month-technical-analysis-graph-of-bitcoin-7-16-2017

I also write about altcoins and BTC news 😄 Steem on Steemians!

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

Interesting.

properties (22)

@jackyx2clic · Jul 17 '17

https://media1.giphy.com/media/vtVpHbnPi9TLa/giphy.gif

properties (22)

@jaredcwillis · Jul 16 '17

$0.11

A good friend and advisor of mine once told me that when things are chaotic or uncertain, the smart man is the one that looks for opportunities. While others are panic selling and worrying about the sky falling, I'll be buying.

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

Yes in fact a lot of wise investors (many billionaires) have used that strategy.  If you just follow the markets you are never going to profit very much.

properties (22)

@joanaltres · Jul 17 '17

$0.11

A logical explanation for what's going on. Excellent post. :)

Resteeming this to 12,000+ followers.

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 17 '17

Thank you:)

properties (22)

@joebloggs67 · Jul 17 '17

$2.51

Bitcoin has died 140 times and counting..(Bitcoin Orbituary)

👍 thecryptofiend

properties (23)vote details (1)

@pfa · Jul 18 '17

$0.53

time flies !  [140 already !](https://99bitcoins.com/bitcoinobituaries)

👍 pfa, crypo.lovr, googly, matrixbot, hackbot, cricinfo

properties (23)vote details (6)

@thecryptofiend · Jul 17 '17

Exactly!

properties (22)

@johnjgeddes · Jul 16 '17

$0.44

an insightful post, reassuring investors about returns by appealing to the concept of eternal return - I'm amazed by your curious learning, my friend, relating even the vagaries of financial cycles to fractals in nature and explaining everything in simple terms.

Perhaps T.S. Eliot was right: “The historical sense involves a perception, not only of the pastness of the past, but of its presence” 

This too will pass and as you so wisely said, *there are other things in life besides the markets.*

Such a thoughtful and balanced outlook

👍 johnjgeddes, thecryptofiend, middle-theory

properties (23)vote details (3)

@thecryptofiend · Jul 16 '17

Thank you so much:)

properties (22)

@johnlim17 · Jul 16 '17

$0.11

we will se what crypto are strong BTC or BTU ?!
i think BTC isstill  the king of crypto,
we will see in 1 august sir.
I will buy more in the lower price.
good news thank

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@kenhudoy · Jul 16 '17

$0.03

good comment and choice to buy while the chips are down @johnlim17
i also think btc is king of crypto and will bounce back

👍 jesta

properties (23)vote details (1)

@thecryptofiend · Jul 16 '17

I'm not convinced there will be a split.

properties (22)

@johnlim17 · Jul 16 '17

$0.11

i think so.
BTC is thing. other is garbage

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

12 replies

@joythewanderer · Jul 16 '17

$0.10

nice article, thanks for posting!

👍 thecryptofiend

properties (23)vote details (1)

@thecryptofiend · Jul 16 '17

Thanks for commenting:)

properties (22)

@karenb54 · Jul 16 '17

$0.10

I hope it does for all of us, I have total  faith in it so look forward to the ups again and I love that little kitty :)

👍 thecryptofiend

properties (23)vote details (1)

@thecryptofiend · Jul 16 '17

Thanks me too!

properties (22)

@kenhudoy · Jul 16 '17

$0.16

@thecryptofiend

you just hit the nail on the head beautifully. Am new in crypto world but you just gave me some sense of hope and believe all will be ok. Am very glad to be following you in steem to partake from your wealth of knowledge... 
i have one question...
I powerd up most of my steem...few weeks back it was double the amount of US$ but now my Steem power value is depreciating fast...Is it because of the same August first fears? Should I have any cause 
to fear?

Thanks in anticipation fo your response...

👍 thecryptofiend, jesta, kenhudoy, middle-theory, marcusxman

properties (23)vote details (5)

@thecryptofiend · Jul 16 '17

Yes it's because the bitcoin price is falling and every altcoin including Steem is falling too.

properties (22)

@kenhudoy · Jul 17 '17

$1.07

And there is 100% hope things will come back to normal...which includes value of daily blog posts like yours hitting over $1k plus daily and steem power to?
I joined few weeks back and the value i saw on posts whch inspired many to post is no more as such, many bloggers are withdrawing...so will all these revert back?

thanks for your answers

👍 thing-2, thecryptofiend, edgylord, middle-theory

properties (23)vote details (4)

2 replies

@kunschj · Jul 16 '17

$0.10

What a great summary. You're right, the answer to the question on what to do (buy, sell, or hodl) must be an individual one. As for me, I'm still buying small amounts of BTC and interesting altcoins - Ardor yesterday, and plan on waiting it out. The bitcoin scaling issue seems to me to be more of a power struggle between the miners and the programmers. Once the miners saw momentum for Segwit2X seemed to be shifting to their side, all the backed up transactions in the mempool seemed to magically resolve. I guess the next development is expected 7/21/17 when, according to Bitcoin Magazine's [Countdown to SegWit](https://bitcoinmagazine.com/articles/countdown-segwit-these-are-dates-keep-eye/)
>The SegWit2x development team aims for July 21st to be the day that BTC1 nodes are actually up and running, and, importantly, the day that miner signaling should commence.

👍 thecryptofiend

properties (23)vote details (1)

@thecryptofiend · Jul 16 '17

Thanks, yes we will need to see what happens on the 21st.

properties (22)

@kylek717 · Jul 17 '17

$0.11

Great to hear another opinion, I'm trying to decide right now whether to do a little buying or wait

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 17 '17

Yes that is often the question.  One alternative is to break down your buys and spread them out.

properties (22)

@lexiconical · Jul 16 '17

$3.23

Great points. I think we would have been due for this pullback even without the scaling issue entirely. As you noted, we've simply gone too far, too fast. With the scaling issue as well, I wouldn't be surprised to see $1000, but I think $1200 might be a more likely bottom. Anything could happen really, calling price points still requires an awful lot of luck.

*"I have heard a number of business suggest this although I have yet to see any specific details.*"

There was a post yesterday about one Bitcoin ATM company, I think in the UK (Shire maybe? I forget) announcing they will shut down operations prior to Aug 1st and "wait and see".

Didn't even notice the Battlestar reference until the last section, oops.

👍 thecryptofiend, davebrewer, edgylord, middle-theory

properties (23)vote details (4)

@thecryptofiend · Jul 16 '17

$0.81

Yes I think we might see a bottom around $1200 or $1000 according to other who know about the TA side of things.  Hadn't heard about the ATM company but it does make sense for them.

👍 davebrewer, lexiconical

properties (23)vote details (2)

@justoneopinion · Jul 17 '17

$0.11

Still, 50/50 guess so......50% now and hold 50% for your guess. If you're wrong you just be buying in a little late with the other half.

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

3 replies

@lexikon082 · Jul 16 '17

$0.11

I wonder if the shutdown of Alphabay has anything to do with this too. 

The weird part about BIP 148 being one of the reasons for this drop is that BTC dominance is actually rising. I am sure this is partly to do with people exiting alt coins, because of the drop, however this seems counterintuitive if the majority of the market is speculative of BIP 148 to put your money into BTC. 

When Silk Road was closed it caused BTC to drop, but then I have to wonder the market share Silkroad had back then compared to what Alphabay has now. However Alphabay is the world's largest BTC marketplace.

So many reasons to ponder.

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

I think it all has an effect.  Altcoins are more niche and they are mostly sold in the form of bitcoin - that naturally creates more demand for bitcoin.

properties (22)

@m1r0 · Jul 16 '17

$0.12

Solid analysis with various factors considered. I will keep an eye on your blog.

👍 thecryptofiend, m1r0, middle-theory

properties (23)vote details (3)

@thecryptofiend · Jul 16 '17

Thanks!

properties (22)

@machhour · Jul 16 '17

$0.11

August 1st the war between the two communities of the bitcoin will reach its peak :) 3 years but it is the pic of the mountain :) so advice when it drops it must buy it is easy :)

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@methus · Jul 18 '17

$0.11

>The logical answer would be to keep a combination of both so you can spread your risk.

Yes! I love this point. I've been thinking about diversification as it relates to crypto quite a bit lately, so I started writing a series a series of articles about it. I think it's going to be even more crucial as the market matures more and altcoins start following their own paths, rather than simply mimicking bitcoin's price curve.

👍 thecryptofiend

properties (23)vote details (1)

@thecryptofiend · Jul 18 '17

Diversification is almost always a good strategy.

👍 methus

properties (23)vote details (1)

@michiellok · Jul 17 '17

$0.11

I like your post, honesty and the fact that nobody's knows. My option is  not to sell. DO NOT take your lose. Just sit and wait. Don't check everyday, this makes everybody crazy :) I know cause I have 16 different coins lol.. Buy if you can afford it. I am here for the long run and must say it do not really like the day traders or the people that hype a coin in a community, online or on youtube. You buy, they sell. Currency will drop.. Every time All the best.

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 17 '17

Very well said. Thank you.

properties (22)

@morality · Jul 20 '17

This is so awesome 
though inverting your money is way more profitable up to 2% profit daily on your capital
https://goo.gl/kKzLej

properties (22)

@movievertigo · Jul 16 '17

$2.58

I always say to people, look at the lifetime price history of Bitcoin.  This kind of drop has happened time and time again, and each time, Bitcoin has bounced back stronger.  Now that's not to say it's *guaranteed* to do so again, but it's what's happened every time so far!

👍 movievertigo, thecryptofiend, middle-theory

properties (23)vote details (3)

@thecryptofiend · Jul 16 '17

Exactly.

properties (22)

@munchell · Jul 16 '17

$0.10

I think anytime is the ideal buying opportunity if you have spare fiat to convert. After all the fiat is intrinsically worth sweet FA anyway.

That is why I believe people shouldn't fret over the price and just buy it. You are effectively trading nothing for something.

👍 thecryptofiend

properties (23)vote details (1)

@thecryptofiend · Jul 16 '17

Well the fiat is not worth nothing but the value is always falling.

properties (22)

@munchell · Jul 16 '17 (edited)

$0.11

Well it is when they can use QE to print digits into oblivion, it is only a matter of time before the populace suffer a huge lack of confidence. Fiat currency only survives when people have faith in it. And currently across the planet people are losing that faith and governments are taking drastic measures to keep control, just look at Greece, Venezuela and India, to name but a few.

So at least if you traded now you would be safe in the knowledge that you have already purchased it. In my opinion this make sense for cryptos and all other asset classes too.

Or perhaps I am wrong and everything will just plod along as normal. I would like to think that this was the case but maybe that is just hopeless optimism?

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

2 replies

@murtazasyedm · Jul 16 '17 (edited)

$0.11

Is there anyway to convert dollars into steem directly. Poloniex isn't allowing me to do this neither it's allowing me to withdraw steem from it.

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@kenhudoy · Jul 16 '17

$0.05

@murtazasyedm
cant you buy steem through your bitcoin wallet account?

👍 kenhudoy

properties (23)vote details (1)

@murtazasyedm · Jul 17 '17

I can buy steem through my bitcoins. I'm just wandering, is there any way to buy steem directly without converting USD to bitcoin first?

properties (22)

7 replies

@thecryptofiend · Jul 16 '17

$0.02

Not that I know of.  Poloniex doesn't have dollars on their exchange.  I would suggest avoiding Poloniex as I have mentioned many times before.  Their behaviour is very odd and does not inspire confidence.  I would also suggest that if any time would be a trigger for them failing it would be right around now.

👍 murtazasyedm

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@murtazasyedm · Jul 16 '17

$2.61

My steems are stuck in poloniex. Now I'm searching for another exchange through which I can withdraw and deposit easily.  I would be grateful if you can recommend me any.

👍 thecryptofiend, middle-theory, hackbot, freakred

properties (23)vote details (4)

3 replies

@nazirkhyber · Jul 16 '17

$0.11

Nice and informative post , understood the reasons and factors of fall of crypto currencies , but it will soon get rise....

👍 thecryptofiend, middle-theory

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@thecryptofiend · Jul 16 '17

I think so too.  We can't say exactly when but it the growth will return.

properties (22)

@nazirkhyber · Jul 16 '17

$0.11

Its right....

👍 thecryptofiend, middle-theory

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2 replies

@nizamuddin · Jul 18 '17

pretty cool visit my profile too
https://steemit.com/politics/@nizamuddin/politics-an-unfair-game

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@onceuponatime · Jul 17 '17

$32.38

I think this is the fifth major crypto price decline that I have weathered.

**The collapse of bitcoin, from $35 to well under $2, was the worst lol.** 

Compared to that one, this is a cakewalk!


![despair-513529__340.jpg](https://steemitimages.com/DQmQE2T4SttCoxcEXvpKpCSsHjVVWDzaztoWbk4d6hSmyNw/despair-513529__340.jpg)

👍 erath, marginal, kus-knee, indominon, friend5, vault, goodvibrations, lellabird60, flusterfive, casparleuzinger, sapakus, royalscepter, theguruasia, seranium, yjwebb, edgylord, davett, jackyx2clic

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@theguruasia · Jul 18 '17 (edited)

@onceuponatime,
That's very true! People complaining too much about this price drop... Because, they don't know the history :D
Can I screen shot your reply to show to the people who complain about the price drop?

Thanks~

properties (22)

@pfa · Jul 18 '17

$0.54

exactly. we had way bigger drops before and we're recovering much quicker nowadays

👍 pfa, crypo.lovr, hassanayub

properties (23)vote details (3)

@onthewayout · Jul 16 '17

$0.11

![](https://steemitimages.com/DQmcTpGu2WsqnEKNzVKeH3SMMnW94V37to4wgYisdZYCyNs/image.png)

👍 thecryptofiend, middle-theory, jackyx2clic

properties (23)vote details (3)

@outhori5ed · Jul 17 '17

$0.11

this is a great piece @thecryptofiend. excellent style of writing. this is really a great post. thanks for sharing

👍 thecryptofiend

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@thecryptofiend · Jul 17 '17

Thank you!

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@paolatoro · Jul 17 '17

$0.14

Great post. This is the kind of perspective  I like to find when looking  for information about what is happening. There is too much negativity out there, that is starting to get boring getting information about this subject.  When it comes to the crypto space we all must learn to think in bigger terms with a broader perspective.

👍 thecryptofiend, paolatoro, middle-theory

properties (23)vote details (3)

@thecryptofiend · Jul 17 '17

$0.03

Thanks - exactly my thoughts.  It is easy to get caught up in emotional thinking but that can sabotage us in the long term.

👍 paolatoro

properties (23)vote details (1)

@pipes · Jul 17 '17

Your post is promoted. Promotions help every steemians. 
Your [reward](https://steemit.com/steem/@tibonova/updates-on-the-steam4steem-project-by-pipes) is an upvote and 2.03 SBD extra promotion. 
Good job, see you next time in `Promoted`! ;) 
#steam4steem

properties (22)

@plumey · Jul 17 '17

$0.11

Bloody great article and summary mate!
I'm buying small amounts in the dips on the way down for Bitcoin and a couple of other cryptos.
As you say, nobody can pick the absolute bottom!

One thing you may have touched on is storing your cryptos in an offline hardware wallet while this is going on. That way you are not locked into any particular online exchanges if things get a bit tricky. (and if there is a split, you can control your destiny to some degree).

Good job and well done!!

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 17 '17

Thank you so much.  Yes you should never keep everything on an exchange.  Obviously if you are hoping to trade you need to take that risk but keep everything else on your own wallets.

properties (22)

@practicaleric · Jul 16 '17

$0.11

Am also holding for the long  term and not panicking as am sure  everything will be fine. The prices will soon rise,maybe even higher than the past 5 months. Thank you for sharing

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

Yes the problem is that in the cryptoworld a few months seems like a few years:)

properties (22)

@quinneaker · Jul 19 '17

$0.11

Super thanks for this article mate!
I have gone through a couple days worth of crypto posts and put together a special episode of ~(Q2C2~)~ featuring my favorite crypto related posts in this super volatile time of which scares many. 
Thanks for all you do for this community and your honorable standards. 
You can check out the post here if u like. 
SteemON!
https://steemit.com/money/@quinneaker/quinn-s-quality-content-curation-q2c2-episode-5-special-edition-best-posts-on-crypto

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 19 '17

$0.05

Cool I will check it out:)

👍 quinneaker

properties (23)vote details (1)

@quinneaker · Jul 19 '17

$0.11

Thanks for all you do. Your a hero for sure. 
Bless~*~

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@rameshkumar · Jul 16 '17

$0.11

I agree your comment,The uncertainty is what makes it all risky, however without the high risks there would not be high rewards.

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

Great!

properties (22)

@randylair · Jul 18 '17

Nice post, thanks for sharing :)

properties (22)

@rawpride · Jul 16 '17

Best strategy is BUY MORE COINS! Great article!

properties (22)

@thecryptofiend · Jul 17 '17

Thanks!

properties (22)

@rkrijgsman · Jul 16 '17

$2.27

Amazing article and well explained. You shouldn't have fear with the prices falling now. Everyone is just scared but it will bounce back up again. All around the world people are accepting cryptocurrency's already. Although it's with baby steps, it are still steps. 

This is actually a great time to invest en buy some currency's while they are 'cheap'. At the end of the year they will be worth more than they were 1 month ago!

👍 randowhale1, randowhalebonus, thecryptofiend, thesloth, randowhaletrail, middle-theory

properties (23)vote details (6)

@randowhale · Jul 21 '17

This post received a 3.0% upvote from @randowhale thanks to @rkrijgsman!  For more information, [click here](https://steemit.com/steemit/@randowhale/introducing-randowhale-will-you-get-the-100-vote-give-it-a-shot)!

properties (22)

@thecryptofiend · Jul 16 '17

Thanks - yes I agree.  Now is a good time to buy but given most people's psychology they will instead be selling.

properties (22)

@rkrijgsman · Jul 16 '17

$2.61

Thats true. They are thinking short term. But if you think long term you will be a winner. Just like Steem, you have to hold it now and if you are a persona that likes to have it payed out, you can pay it out in a few month's to have a lot more cash!

👍 thecryptofiend, middle-theory, hackbot, freakred

properties (23)vote details (4)

1 reply

@rndness222 · Jul 18 '17

$0.07

Remember, the top in the end of 2013 was about $1100, then it slowly sunk to about $200 over time, i.e. a fifth of the peak value. Maybe then it will now head to about $600 slowly over time? Of course it's impossible to know.

👍 rndness222

properties (23)vote details (1)

@thecryptofiend · Jul 18 '17

That fall coincided with a slump in confidence and new investment.  I don't think it will happen again because more and more people are realising the potential of blockchain and getting onboard.

properties (22)

@rtdcs · Jul 16 '17

$0.11

Great post! Just stay calm wait.

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

Exactly.

properties (22)

@rynow · Jul 16 '17

$0.11

To me it is quite strange that the developers at Bitcoin cannot say what is going to happen on 1 August. They should know exactly what is going to happen and communicate it widely to stop the uncertainty. It is bad for the industry, when this happens, and might stop investors to invest.
Thanks for the post

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@davebrewer · Jul 18 '17

You are going to have an issue with decentralization when you find out - the developers are not "in control"

properties (22)

@thecryptofiend · Jul 16 '17

$0.62

I think you are misunderstanding the decentralised nature of bitcoin.

👍 davebrewer

properties (23)vote details (1)

@saysay · Jul 17 '17

okay, I'll give you that...as far as what the article said and the stance.  But what about the concept that people are still trying to get over, and get free money...by gambling in a stock market fashion.  What do you say when someone says that a time-based economy could be more of a solution?  Ever heard of time-based economy?

properties (22)

@thecryptofiend · Jul 17 '17 (edited)

Give me what?  This answer sounds like it missed a large chunk out.  Further I fails to see what time based economics has to do with this.

properties (22)

@scalextrix · Jul 16 '17

$0.11

It pisses me off that altcoins must suffer at the instability in Bitcoin, that for some reason coins that have direct fiat pairs and no scaling problems are dumped just reeks of speculation and collusion.  I hope the space can grow out of that.
I'd like to see more people in the crypto space getting involved with core communities and spend less time speculating on price.
Rant over :)

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

$0.02

Agreed - in fact the tie to bitcoin is in some ways a form of centralisation.  What we need are more fiat gateways to disconnect bitcoin from altcoins - everyone has known it since altcoins have existed but the regulatory framework in most countries makes it difficult and risky.

👍 scalextrix

properties (23)vote details (1)

@scalextrix · Jul 16 '17

$0.10

Yeah that's what I like about what Lykke are doing, I hope as they get registered in more locations and can lead the many to many revolution.
Still the centralised 'trading' exchanges influence will still be very powerful.  It just takes some time I guess.

👍 thecryptofiend

properties (23)vote details (1)

@scaredycatguide · Jul 16 '17

$0.22

Yes, this is a classic example of market psychology.   Market do not like uncertainty and that is exactly what we have for the next couple weeks.

**This is a buy the rumor sells the news opportunity if I have ever seen one.** No guarantee it will work, but the scenario for a success is certainly there.

👍 mitchelljaworski, thecryptofiend, middle-theory

properties (23)vote details (3)

@thecryptofiend · Jul 16 '17

Yes.

properties (22)

@shahaalam19 · Jul 23 '17

Nice bro.i am so happy because all of my steemit fds are many halpful.it is a nice platfrom for me.please vote me and follow

properties (22)

@thecryptofiend · Jul 23 '17

As I said on your last copy paste, vote begging comment you will likely annoy people with this and get flags.

properties (22)

@siddartha · Jul 17 '17

$0.11

Very well explained, the reasons of current market situation. Some will see it as an opportunity and some a signal to leave. Who wins in the end, will be told by the time only.

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 17 '17

Thank you!

properties (22)

@slickhustler007 · Jul 16 '17

$0.11

Very great blog. You captured the essences of a cryptocurrency love affair lmao. Well, that's my perception of it. You did an excellent job providing details and I find the market now to be the best time to purchase any coins. As we all know the market is just resetting and preparing itself to take off to new heights. ImI'moubling down on all my current coins and patiently waiting for that great return. Keep on steeming steemiteer

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

Thanks - I think even if it takes a couple of months (or longer) it will get to new heights.

properties (22)

@snakiest · Jul 18 '17

@thecryptofiend 

This was a worthwhile read, but pardon my off-topic question - how do you align text and pictures side by side here? Share your magic with me, please. )

properties (22)

@thecryptofiend · Jul 18 '17

https://steemit.com/steemit/@steemitblog/new-advanced-formatting-features

👍 snakiest

properties (23)vote details (1)

@sohilgupta · Jul 16 '17

$0.11

Left: Marijuana
Mid: Meth
Right: Watching Bitcoin dump below $2k

![](https://steemitimages.com/DQmfQ8gQ6CUCLeg5o4gLo6ieDiTjxxiJbrESqNtqZrRr7WC/image.png)

👍 thecryptofiend, hotsauceislethal, middle-theory, jackyx2clic

properties (23)vote details (4)

@pfa · Jul 18 '17

$0.54

lol

👍 pfa, crypo.lovr, googly, matrixbot, hackbot, cricinfo

properties (23)vote details (6)

@thecryptofiend · Jul 17 '17

:)

properties (22)

@steembg · Jul 17 '17

$0.11

Excellent post. Hopefully more people will read it
Upvoted and resteemed

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 17 '17

Thank you.

properties (22)

@styleyfrancky · Jul 16 '17

$0.91

I think the best option is to stay calm and to wait. After all 1 Bitcoin for example was just 600$ last year, little drops now are not a big deal. ;)

👍 lovejuice, minnowbooster, thecryptofiend, styleyfrancky, decoman, middle-theory

properties (23)vote details (6)

@lovejuice · Jul 16 '17

<p>This comment has received a sweet gift of Dank Amps in the flavor of 25.00 % upvote from @lovejuice thanks to: @styleyfrancky.  Vote for Aggroed!</p>

properties (22)

@minnowbooster · Jul 20 '17

@minnowbooster upvoted this post!

![@styleyfrancky got you a $0.19 @minnowbooster upgoat, nice!](http://minnowshares.net/upgoat/?user=styleyfrancky&receiver=styleyfrancky&value=0.19&hash=614)
*@styleyfrancky got you a $0.19 @minnowbooster upgoat, nice! (Image: pixabay.com)*
---
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properties (22)

@thecryptofiend · Jul 16 '17

I agree.

👍 styleyfrancky

properties (23)vote details (1)

@sversus · Jul 16 '17

$0.27

The same worries and uncertainties were with millenium problem. A lot of people were scared by possible computer system crashes when move from 1999 to 2000. IT sector earned a lot of money "solving" that issue, although there were no real threats, as it became clear later.

👍 abou, thecryptofiend, middle-theory

properties (23)vote details (3)

@thecryptofiend · Jul 16 '17

That's a very good example.

properties (22)

@themevlog · Jul 16 '17

$0.11

just HODL.

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

I think a  lot of people are doing that.

properties (22)

@unspeakableme · Jul 16 '17

$0.11

Being a total noob, I should probably be panicking. But seeing as many of the experienced people in cryto are having a field day waiting for the prices to dip more so they could go shopping, I don't feel too bothered. Although I'm wondering how low STEEM price would dip to as I've read in discord it had dipped to 0.07 before.

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@schattenjaeger · Jul 16 '17

$0.11

Dude, I was here when it was 7 cents.

👍 thecryptofiend, middle-theory, unspeakableme

properties (23)vote details (3)

@unspeakableme · Jul 16 '17

O.O woah. So it wasnt a steemit (urban) legend! I thought for sure it was an exaggeration.

properties (22)

@thecryptofiend · Jul 16 '17

I don't think it would ever get that low again - if it did I would immediately buy about 20 bitcoins worth (assuming I could get hold of the money).  I have a few bitcoins of low buy orders set for Steem and a few other currencies already.

👍 unspeakableme

properties (23)vote details (1)

@unspeakableme · Jul 16 '17

$0.11

Oh. Nice! I didn't know pre-sets can be done. Thanks for another tip :D

👍 thecryptofiend

properties (23)vote details (1)

3 replies

@v0lter · Jul 16 '17

$0.11

Very nice article ! I totally agree with your analysis.

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

Thank you!

properties (22)

@vitirio123 · Jul 16 '17

$0.11

Thanks to quiet me... I am very doubtful about what it is going to happen, but for sure this post will help us to get through this in a better mood! Thanks @thecryptofiend!

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

You're welcome.

properties (22)

@vonnaputra · Jul 16 '17

$0.10

woowwwwww this is very amazing what you show us I really like it this is very fun you are so amazing you may be successful always in steemit and get what you hope and get the achievement as you expect if there can help me tobemage my post though Also not as good as your post and I would be very grateful to you I hope you always succeed in steemit......thanks you very much.....!!!

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

Thank you!

properties (22)

@vysmek · Jul 17 '17

I need to pay for write comments?

👍 jackyx2clic

properties (23)vote details (1)

@thecryptofiend · Jul 17 '17

No.

properties (22)

@vysmek · Jul 18 '17

$0.11

Is Litecoin safe?

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 18 '17

Safe in what way?

properties (22)

@waykiwayki · Jul 16 '17

$0.11

Really enjoyed this and I agree.  Concise :-)    I picked up more Golem today at the silly price of 18 cents.      I'm  using the crash to get more altcoins I like at silly prices.     The only issue I have is getting more liquid FIAT to get more crypto.

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

Yes that is always the big problem.  Would be nice to be fiat rich so I could buy more.

properties (22)

@whatsupz · Jul 16 '17

$0.11

Most important is to know what is the purpose of investing. If it is long term investing then the low prices should be seen as a good thing.

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

Excellent way of putting it.

properties (22)

@whenitallbegan · Jul 16 '17

$0.11

Great post.  I think the FUD is all hype and as you said, things will sort out and crypto will continue on.  I also love the idea of buying altcoins low and HODL.  Just added more STEEM for example :)

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

Cool:)

properties (22)

@yaan · Jul 16 '17 (edited)

$0.11

Where is the head of a lady! Too much magic today. It must be inside of the ball...
Oh yes, prices dropping... oh well. Whatever. Let's just wait and watch Game of Thrones.

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

:)

properties (22)

@yjwebb · Jul 21 '17

$0.09

With the price of ETH alone, a 400% rise in one-two months just doesn't seem like a healthy price increase. A pullback was due eventually after all the hype. I currently am holding ETH for the long run, and believe that the price will past the last peak and continue to shoot up before yet another pullback, then repeat the cycle only to reach yet another all tme high

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 21 '17

Yes I know.  I keep wavering between thinking it is too fast or a sign that things are going mainstream.  Hard to say what is right.  Slow steady growth would be best.

properties (22)

@yo117 · Jul 16 '17

$0.11

Great post.

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

Thanks!

properties (22)

@yuhjtman · Jul 16 '17

$0.11

It is interesting that bitcoin is one of the cryptos that devaluated less (so far) in this crash, even though its fork is most likely the main cause. I like to think that this is due to the fact that the investors of the other coins are more mature and understand better what is going to happen soon.

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

$0.04

Hard to be sure about that.

👍 yuhjtman

properties (23)vote details (1)

@yuhjtman · Jul 17 '17

$0.11

Right, maybe this is just a meaningless market movement

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@zacly · Jul 16 '17

interesting your post to follow, thank you for sharing,  good luck.

properties (22)

@thecryptofiend · Jul 17 '17

Thanks.

properties (22)

@zebbad · Jul 16 '17

$0.11

What goes up, also comes down. but by how much is where the uncertainty comes into play. 

The uncertainty is what makes it all risky, however without the high risks there would not be high rewards. 

If it was all certain everyone would be in already and there would be no reward to gain for taking no risk.

I'm keeping hold of what I have, these cryptos bounce hard when they bounce back

👍 thecryptofiend, middle-theory

properties (23)vote details (2)

@thecryptofiend · Jul 16 '17

Yes I think they are two sides of the same equation - with great potential reward you also have risk.

properties (22)

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voter	rshares	pct
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`last_payout`	2017-07-30 10:50:27
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	269
`author_reputation`	-2,193,837,836,238
`root_title`	""All This Has Happened Before.." - FAQ on Why the Cryptocurrency Markets are Down"
`beneficiaries`	`[]`
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`percent_hbd`	10,000
`post_id`	9,403,968
`net_rshares`	0

voter	rshares	pct
thecryptofiend	21,467,848,344	1%
middle-theory	516,045,800	1%
emag	2,266,374,809	100%

`author`	evanrvoss
`permlink`	re-thecryptofiend-all-this-has-happened-before-faq-on-why-the-cryptocurrency-markets-are-down-20170716t170446129z
`category`	markets
`json_metadata`	{"tags":["markets"],"image":["https://steemitimages.com/DQmNrnU1SHDBPztXrZL7ezLqxT8CxgQnd1BsbtrXN7f9qz6/image.png"],"app":"steemit/0.1"}
`created`	2017-07-16 17:04:45
`last_update`	2017-07-16 17:04:45
`depth`	1
`children`	0
`last_payout`	2017-07-23 17:04:45
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.828 HBD
`curator_payout_value`	0.272 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	88
`author_reputation`	47,571,394,972,109
`root_title`	""All This Has Happened Before.." - FAQ on Why the Cryptocurrency Markets are Down"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	8,686,359
`net_rshares`	222,079,700,245
`author_curate_reward`	""

voter	rshares	pct
thecryptofiend	21,440,296,939	1%
good-karma	100,245,936,633	0.5%
bitcoiner	3,293,185,434	0.5%
mysteem	84,101,800	1%
demo	162,237,735	1%
feruz	1,520,537,889	1%
esteemapp	1,135,063,208	1%
bounties	172,459,561	1%
steempoll	167,409,841	1%
tipping	152,143,059	1%
fatpandadesign	942,063,591	0.05%
erickjongo	59,773,725	0.5%
johnlue	55,327,534	0.5%
mystifact	51,808,343	0.5%
bluchr	256,089,513	0.5%

`author`	pfa
`permlink`	re-freedomnation-re-thecryptofiend-2017716t194388z-20170718t180602928z
`category`	markets
`json_metadata`	{"tags":["markets"],"app":"steemit/0.1"}
`created`	2017-07-18 18:06:06
`last_update`	2017-07-18 18:06:06
`depth`	2
`children`	0
`last_payout`	2017-07-25 18:06:06
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.488 HBD
`curator_payout_value`	0.034 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	58
`author_reputation`	10,489,596,179,906
`root_title`	""All This Has Happened Before.." - FAQ on Why the Cryptocurrency Markets are Down"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	8,895,859
`net_rshares`	102,595,412,473
`author_curate_reward`	""

`author`	froghollow
`permlink`	re-thecryptofiend-all-this-has-happened-before-faq-on-why-the-cryptocurrency-markets-are-down-20170716t221146509z
`category`	markets
`json_metadata`	{"tags":["markets"],"app":"steemit/0.1"}
`created`	2017-07-16 22:12:27
`last_update`	2017-07-16 22:12:27
`depth`	1
`children`	1
`last_payout`	2017-07-23 22:12:27
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.084 HBD
`curator_payout_value`	0.026 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	94
`author_reputation`	112,369,487,440
`root_title`	""All This Has Happened Before.." - FAQ on Why the Cryptocurrency Markets are Down"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	8,709,680
`net_rshares`	22,570,138,628
`author_curate_reward`	""

voter	rshares	pct
thecryptofiend	514,567,126,544	25%
pfa	6,334,281,430	10%
middle-theory	12,643,122,105	25%

`author`	chainstudy
`permlink`	re-geechidan-re-thecryptofiend-all-this-has-happened-before-faq-on-why-the-cryptocurrency-markets-are-down-20170720t220716319z
`category`	markets
`json_metadata`	{"tags":["markets"],"app":"steemit/0.1"}
`created`	2017-07-20 22:07:15
`last_update`	2017-07-20 22:07:57
`depth`	2
`children`	0
`last_payout`	2017-07-27 22:07:15
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	521
`author_reputation`	145,377,330,258
`root_title`	""All This Has Happened Before.." - FAQ on Why the Cryptocurrency Markets are Down"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	9,125,447
`net_rshares`	0

`author`	gniksivart
`permlink`	re-thecryptofiend-all-this-has-happened-before-faq-on-why-the-cryptocurrency-markets-are-down-20170716t161617782z
`category`	markets
`json_metadata`	{"tags":["markets"],"app":"steemit/0.1"}
`created`	2017-07-16 16:16:18
`last_update`	2017-07-16 16:16:18
`depth`	1
`children`	1
`last_payout`	2017-07-23 16:16:18
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.105 HBD
`curator_payout_value`	0.001 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	126
`author_reputation`	74,197,147,678,652
`root_title`	""All This Has Happened Before.." - FAQ on Why the Cryptocurrency Markets are Down"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	8,682,273
`net_rshares`	21,956,342,739
`author_curate_reward`	""

`author`	gokike
`permlink`	re-thecryptofiend-all-this-has-happened-before-faq-on-why-the-cryptocurrency-markets-are-down-20170723t154802547z
`category`	markets
`json_metadata`	{"tags":["markets"],"app":"steemit/0.1"}
`created`	2017-07-23 15:48:03
`last_update`	2017-07-23 15:48:03
`depth`	1
`children`	1
`last_payout`	2017-07-30 15:48:03
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.071 HBD
`curator_payout_value`	0.012 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	25
`author_reputation`	10,850,558,697
`root_title`	""All This Has Happened Before.." - FAQ on Why the Cryptocurrency Markets are Down"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	9,430,531
`net_rshares`	21,564,343,566
`author_curate_reward`	""

`author`	hassanayub
`permlink`	re-thecryptofiend-all-this-has-happened-before-faq-on-why-the-cryptocurrency-markets-are-down-20170720t182254661z
`category`	markets
`json_metadata`	{"tags":["markets"],"app":"steemit/0.1"}
`created`	2017-07-20 18:23:09
`last_update`	2017-07-20 18:23:09
`depth`	1
`children`	1
`last_payout`	2017-07-27 18:23:09
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.075 HBD
`curator_payout_value`	0.014 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	16
`author_reputation`	3,977,352,147
`root_title`	""All This Has Happened Before.." - FAQ on Why the Cryptocurrency Markets are Down"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	9,106,386
`net_rshares`	22,060,568,187
`author_curate_reward`	""

voter	weight	wgt%	rshares	pct	time
thecryptofiend	0 B		21,542,371,678	1%
middle-theory	0 B		518,196,509	1%

`author`	pfa
`permlink`	re-joebloggs67-re-thecryptofiend-all-this-has-happened-before-faq-on-why-the-cryptocurrency-markets-are-down-20170718t180457661z
`category`	markets
`json_metadata`	{"tags":["markets"],"links":["https://99bitcoins.com/bitcoinobituaries"],"app":"steemit/0.1"}
`created`	2017-07-18 18:05:00
`last_update`	2017-07-18 18:05:00
`depth`	2
`children`	0
`last_payout`	2017-07-25 18:05:00
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.501 HBD
`curator_payout_value`	0.032 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	71
`author_reputation`	10,489,596,179,906
`root_title`	""All This Has Happened Before.." - FAQ on Why the Cryptocurrency Markets are Down"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	8,895,772
`net_rshares`	104,903,467,674
`author_curate_reward`	""

voter	rshares	pct
pfa	60,809,101,732	100%
hackbot	99,869,162	10%
googly	112,352,807	10%
matrixbot	106,110,945	10%
cricinfo	93,707,892	10%
crypo.lovr	43,682,325,136	100%

voter	weight	wgt%	rshares	pct	time
lexiconical	0 B		38,659,005,478	4%
davebrewer	0 B		124,827,138,120	25%

`author`	justoneopinion
`permlink`	re-thecryptofiend-re-lexiconical-re-thecryptofiend-all-this-has-happened-before-faq-on-why-the-cryptocurrency-markets-are-down-20170717t024229916z
`category`	markets
`json_metadata`	{"tags":["markets"],"app":"steemit/0.1"}
`created`	2017-07-17 02:42:33
`last_update`	2017-07-17 02:42:33
`depth`	3
`children`	3
`last_payout`	2017-07-24 02:42:33
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.085 HBD
`curator_payout_value`	0.025 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	136
`author_reputation`	53,562,754,073
`root_title`	""All This Has Happened Before.." - FAQ on Why the Cryptocurrency Markets are Down"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	8,725,148
`net_rshares`	21,984,687,907
`author_curate_reward`	""

`author`	m1r0
`permlink`	re-thecryptofiend-all-this-has-happened-before-faq-on-why-the-cryptocurrency-markets-are-down-20170716t195929338z
`category`	markets
`json_metadata`	{"tags":["markets"],"app":"steemit/0.1"}
`created`	2017-07-16 19:59:33
`last_update`	2017-07-16 19:59:33
`depth`	1
`children`	1
`last_payout`	2017-07-23 19:59:33
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.091 HBD
`curator_payout_value`	0.027 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	80
`author_reputation`	683,864,510,070
`root_title`	""All This Has Happened Before.." - FAQ on Why the Cryptocurrency Markets are Down"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	8,699,937
`net_rshares`	24,337,025,478
`author_curate_reward`	""

`author`	machhour
`permlink`	re-thecryptofiend-all-this-has-happened-before-faq-on-why-the-cryptocurrency-markets-are-down-20170716t161907009z
`category`	markets
`json_metadata`	{"tags":["markets"],"app":"steemit/0.1"}
`created`	2017-07-16 16:19:09
`last_update`	2017-07-16 16:19:09
`depth`	1
`children`	0
`last_payout`	2017-07-23 16:19:09
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.106 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	179
`author_reputation`	10,805,501,595,280
`root_title`	""All This Has Happened Before.." - FAQ on Why the Cryptocurrency Markets are Down"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	8,682,532
`net_rshares`	21,956,342,739
`author_curate_reward`	""

`author`	methus
`permlink`	re-thecryptofiend-all-this-has-happened-before-faq-on-why-the-cryptocurrency-markets-are-down-20170718t121125537z
`category`	markets
`json_metadata`	{"tags":["markets"],"app":"steemit/0.1"}
`created`	2017-07-18 12:11:30
`last_update`	2017-07-18 12:11:30
`depth`	1
`children`	1
`last_payout`	2017-07-25 12:11:30
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.082 HBD
`curator_payout_value`	0.026 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	426
`author_reputation`	25,008,853,020,157
`root_title`	""All This Has Happened Before.." - FAQ on Why the Cryptocurrency Markets are Down"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	8,867,267
`net_rshares`	21,471,482,184
`author_curate_reward`	""

`author`	michiellok
`permlink`	re-thecryptofiend-all-this-has-happened-before-faq-on-why-the-cryptocurrency-markets-are-down-20170717t205601238z
`category`	markets
`json_metadata`	{"tags":["markets"],"app":"steemit/0.1"}
`created`	2017-07-17 20:56:00
`last_update`	2017-07-17 20:56:00
`depth`	1
`children`	1
`last_payout`	2017-07-24 20:56:00
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.112 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	464
`author_reputation`	1,519,216,515
`root_title`	""All This Has Happened Before.." - FAQ on Why the Cryptocurrency Markets are Down"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	8,808,808
`net_rshares`	21,988,965,170
`author_curate_reward`	""