Yes

Thanks for sharing the info.

But I would like to ask do see further correction in Bitcoin?

very insteresting post @calaber24p, I think you're right.

I actually believe the correction is just about over.. and the only reason I am saying that is because I am basing this off of total marketcap destroyed. At the height we were near 115 Bln Mrkcap... now we are around 81 Bln. This is roughly a 20-25% correction which is normally a good time to load in when in a bull market.

![](https://steemitimages.com/DQmTgQjHeZg1fCgMeNF6ns67gkbKq4Hsvsdv3QnTKnT7TgJ/image.png)

Where it can go ? Thats the question, when to buy back or sell, hard to say...

Good point of view. Cryptos that show survivability will thrive later on. Steem seems to be one of those cryptos which will come back up !

"When there are people who are upset because they only got a 3x return instead of a 10x one, you know something is wrong."

Right?! People in crypto world expect monthly returns that other investors wouldn't expect in a year. Even these "corrections" are tiny when you consider value is up several hundred percent from the start of the year.

I'm happy to see Steemit so strong during this bear market - everybody's on the same page of "stay calm and hold your tokens", we've seen this before. While other altcoins may face the reaper, I suspect Steem's robust development team and community will help it survive and prosper.

Do you think money from the shitcoins will go in to the good coins, increasing there value?

Its gonna end soon.  A lot people wanting in on this train

Craig Wright with fucking miners drop bitcoin, want to fork? fork yourself!
<a href="https://ibb.co/jVrUea"><img src="https://preview.ibb.co/jEQY5F/7d510d330b9c.jpg" alt="7d510d330b9c" border="0"></a><br />

It appears like it! I wouldn't mind if all these coins went even lower. I love buying coins on sale

Personally I think this is a good opportunity to get into LiteCoin.  I think many investors will see it as a safe haven building up to the August 1st deadline. It is one of the few altcoins that has good use cases and a level of market adoption.

This correction was refreshing, shows that the market is still functional. It's a good opportunity to buy quality coins on sale, don't miss out! 

Going to add a quote everyone should keep in mind :
"the market can stay irrational longer than you can stay solvent"

Honestly, until we see a drop of about 50%, it's hard to complain much. A correction that only sets you back a few weeks isn't that impressive.

<p>This post has been ranked within the top 80 most undervalued posts in the second half of Jul 11. We estimate that this post is undervalued by $18.43 as compared to a scenario in which every voter had an equal say.</p> 
<p>See the full rankings and details in <a href="https://steemit.com/curation/@screenname/the-daily-tribune-most-undervalued-posts-of-jul-11---part-ii">The Daily Tribune: Jul 11 - Part II</a>. You can also read about some of our methodology, data analysis and technical details in <a href="https://steemit.com/curation/@screenname/introducing-the-daily-tribune-most-undervalued-posts-of-nov-04---part-i">our initial post</a>.</p>
<p>If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.</p>

It's a correction combined with people bailing out in anticipation of August. At this point its too late to bail out, best to just hold on and come back after August in most cases. And always be greedy when others are fearful.

Yes it is

The simple question for alt-coins is do they have end user value?  What can you do with (insert coin name here) beside hold and trade it?  Steem for example gives its users added value. A few other coins do as well.  But most of the market is filled with bitcoin wannabes. 

A coin that is going to last has to bring something of useful value to the end user.  Or else it will die.

Personally I'm hoping it has already corrected. It was an opportunity as well to change altcoin portfolios and really do some hard research. I think Bitshares, Antshares, Lisk, Verge will come out on top and do big things in this next run but thats just what the research I've done has led me to believe... Good work. Followed.

You're definitely right about how the cryptocurrencies with actual substance will prevail in the long run. The rest of the alt coins out there were probably created in the hope to capitalize on the gold rush rather than to offer life-changing technology.

Good post :)

Yes, but it's a great time to load up on cheap alt coins.