As of the last 3 weeks both Ethereum and Litecoin which to me are very promising cryptos to invest in have really shaken off their volatility unlike bitcoin.
- Note All Charts Pulled From CoinMarketcap.com
Ethereum Last Month Price Chart
Litecoin Last Month Price Chart
Bitcoin Last Month Price Chart
What we can clearly tell by adding all these charts together is we see the dip when China banned ICOs and then Bitcoin. We did take a pretty big hit however since then the market has recovered and then some within a 3 week span.
Now with talks of China maybe getting back into bitcoin via licensing which I wrote about here - https://steemit.com/bitcoin/@bitcoinflood/china-backs-out-now-looks-for-a-way-back-in the trend while going up when China removed bitcoin I now see a very strong possible to the uptrend of bitcoin, ethereum and litecoin just waiting for the breakout in news about China. If this happens we should in theory see an increase of about 20% -50% higher across the board within the same day the news in released and then a continued uptrend for a few days before it tappers out and a small sell off happens again to rebalance.
To me these are still very VERY excellent times to pick up crypto if you have the ability to risk it.
As I always state please be responsible with your money, only invest what you can afford to lose. This is my own personal opinion and not meant to be professional advice. The only person you have to blame for a good or poor investment is yourself and no one else should be held responsible for it nor have to pay for the mistakes and risks you make.
High time for ethereum to move up is after Hardfork. Let it happen and price will take a huge leap.
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I think you're right, if indeed China lifts the ban on exchanges I think all cryptos will see a boost. But I think that the coin that will have the greatest gains will likely be Litecoin. Chinese buyers love LTC, the massive dump during the exchange closure's earlier this month drove the price down. I think NEO will also see huge gains when the ICO ban is lifted/regulated. Cheers!
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Up 7% since yesterday
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Litecoin will Boom with the upcoming Bitcoin's fork !!
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How come you feel that way? Curious
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I hope you are right!
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Thank you,great post. Personally only hold 10LTC I do hope to see a 100£ per coin soon to get rid of them and switch to ripple as I believe a lot more in that.
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How come you believe in ripple more besides the recent uptick in price?
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I believe in Ripple because is something that is controlled by the Gov and is created by banks,main purpose of banks is making money, compared to other cryptos I don't see any country banning Ripple anytime soon. Of course I don't think the prices of ripple every getting any close to bitcoin however, but a 2$/coin in few years is very much possible,and all this bitcoin forks I don't think they will hep in the long run,and as we saw in the past if bitcoin price drops others fallow, I doubt this will be the case of Ripple.PS: I am fallowing ur channel now.
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I have been buying both as I can. Not lost on them yet.
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keep on stackin! :D
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This post has received a 3.02 % upvote from @booster thanks to: @bitcoinflood.
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img credz: pixabay.com
Nice, you got a 4.2% @minnowbooster upgoat, thanks to @bitcoinflood
Want a boost? Minnowbooster's got your back!
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Very nice advice and tips. so helpful
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great thank you :)
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This wonderful post has received a bellyrub 4.49 % upvote from @bellyrub thanks to this cool cat: @bitcoinflood. My pops @zeartul is one of your top steemit witness, if you like my bellyrubs please go vote for him, if you love what he is doing vote for this comment as well.
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The only Ethereum I rival
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Valor2S from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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Thanks for sharing.
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Upvoted & RESTEEMED! :)
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Thanks :)
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I made my first ever online purchase with crypto yesterday! It was with Litecoin btw :)
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