Current Crypto Market Scenario

in bitcoin •  7 years ago 

It's still in a hectic stage. Someday we see the crypto's in red, other day it's green. But can this be something good? or is this where crypto will be for a long term.

source

What is happening?

Some days we see the crypto's bleed and other we see them green. People are selling heavy and someday they are buying a lot. This also indicates the Bullish and Bearish in the market. You can't deny this is market manipulation.

China ban, Japan gains:

We all are aware of the Chinese market ban of the crypto. And that was the biggest reason why market started bleeding. But soon after that Japan took over. The Chinese traders have mostly moved to Japan and now Japan has overtaken China in terms of crypto trading.

Is this good?

It's true that the market is going red and green. This calls for the short-term traders. It's a good opportunity for the traders who want to make quick trades. As the market is red today, the market will surely go green. So you can make quick trades and make up to 100% profit. Provided you have made the right bet.

Which tokens to consider:

This might be tricky, but if you choose to trade on the right token you can make a lot of money. So how and which tokens should you look for?
As we know some of the tokens posses a lot of value and once were higher than they were. You should consider those tokens which were higher in value previously. Reason is, they possess value and also they are bound to rebound to its original price. Since this is only a market manipulation the tokens won't have a hard time coming back up.

Here are some of the tokens you could consider buying.

  • Bitshares Currently at $0.06 bound to jump to $0.08 or $0.1. (Sell order at $0.084)
  • Rise is currently at $0.43. possibly may decrease to $0.35 and get back up to $0.5 **(Buy order set to $0.37 sell order set to $0.5)
  • Neo currently at $17. possibly may not go any lower. (Sell order at $22)
  • Omisego has gone below $8 once, but we speculate the value to be around this price. The price is currently at $8.12. (Sell order at $10)
  • Lisk is currently at $5.53. If you happen to buy is today, Sell order at $6.43.
  • Particl is currently at $6.43. Won't be long till this token get back to $9 (sell order at $10).
  • Maid safe will be going up in value due to their recent development. (Sell order at $0.7)

Note: Crypto trading can be risky and the above-mentioned may not be accurate in predictions. Your money is at your own risk.


This Post has been authored by @manishmike10



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Hey ,
Thanks for the great content

You are welcome.

I love reading your post. I will finish reading nie. Thanks a lot for your knowledge. Regard

These cryptos you mentioned are new?

They are existing cryptos

Thank you

Really wish Steem would pass the $2 mark 😔

It will if we stop flooding steem on exchanges for cheap prices.

  ·  7 years ago (edited)

I will read about this topic.

Sure.

Great Informative post but sir @assactly is this the right time to enter the market and bet my hard earned money I am taking advice from all steem experts ....Your article was helpful for me in many sense keep posting such informative post sir

For a short term trade you could bet some. But again, it's risky as said.

Thanks for your suggestions fella I know market is based on risk I have a good quote for this
"Either you take risk and be prosprous or you don't take risk and be secure "
But I am asking is it right time to enter or wait for some time ?

This post also encourage us.

thanks for informations @adsactly

Welcome..

Wow.
Nice post

Thanks for all your arduous work, here's a bunch of token

Thank you. 🙂

Great post! Im bilingual and im willing to translate the posts to spanish for you guys if youd like. I have a bit of extra time on my hands and wanted to find a way to engage a bit more. Have a great day!

Join us in our discord channel.

I achieved more than a 70,000% return in the stock market (KPMG verified). I then was an early buyer of bitcoin, ethereum (avg cost $0.68), darkcoin (before it became dash), ripple, and dogecoin.

Bitshares was a hundred bagger. A friend who was involved in its early stages had his $50k turn into more than $5 mil.

I agree with your assessment on LSK, OMG, and NEO as I own all three. I also have been invested in XEL (Elastic), Walton (WLT), and just bought LAToken.

http://en.wikipedia.org/wiki/Chris_Kacher

La token is really good.

Great post @adsactly

"But soon after that Japan took over. The Chinese traders have mostly moved to Japan and now Japan has overtaken China in terms of crypto trading."

not trying to knock your post, but the fact is that there are two ways to look at this. Did Japan consume the volume? Or does japan take the spot by default and even perhaps reduced their volume due to global reduction of volume (driven by the chinese ban).

This is helpful. What about bitcoin

In the market, always keep in mind that you always "Trade at your own risk".

It's never safe in any markets. You have to be bole to take big bets.

Nice post and i like post you my friend @adsactly

What was maid safes recent development?

great post
follow me @sairahamdan

aww thanks for this post. :) When it's red gotta buy! :)

thanks for sharing great news sir @adsactly ..
i really appreciate you for writing and sharing it with us..

You are welcome. 🙂

thanks for the buy tips! as much as I hate this trend, I think it will help for the long run!

We never know what happens in the long run. 😉

Currencies go up & down, up & down. I recently invested a small amount into Golos. I should have a look at other currencies though.....

Thank you for this article!

Upvoted

You are welcome..

Thanks for the great content,nice postinghjfj.gif

you have a good point. We really dont know if crypto it will last...

Interesting information is reading your message.

Very cool content
Always outstanding and wonderful