Hello guys,
As you have probably noticed by now the cryptomarket is falling with some coins having double-digit declines. I have been trying to see what is causing this dip by checking my twitter feeds since this morning but I do not see any good reasoning behind this fairly steep decline. The overall market lost some 10 billion USD since last night. Is this just a regular correction or somebody has some inside information and selling off large amounts of bitcoins and dragging the rest with it? Or is this a Chinese uncertainty about a possible closure of mining operations in China that would cause a big sell-off in the future? It seems like it is anybody's guess right now but if you know more than I than it would be great if you share with the rest of us:).... In the long run, I am very positive and bullish for the crypto with short-term dips being great to add on some positions for those who dare and have cash handy. Have a great night steeming.
Please feel free to check out some of my other recent posts.
Making excuses will not take us anywhere....
World Unesco Heritage Site Chateau Lednice in South Moravia/Czech Republic - 聯合國教科文組織世界遺產 - 南摩拉維亞的雷德尼采酒莊/捷克共和國
Bohemian Switzerland in Tree Tuesday. Visit the Czech Republic.
Cow Mountain in Boretice, South Moravia/位於南摩拉維亞Boretice村的牛山
Tomas
CEO & Founder of CGH
When we see a fall for no reason, it often is the beginning of growth. I hope :)
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or the beginning of an continues downtrend. Be careful guys .
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I like the way you think:)....
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no idea what's going on.
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It could just be a correction.
A lot of coins and tokens grew too fast without reason, coupled with the great China exit... it all seems very natural to me.
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It seems to be the norm at the moment
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@czechglobalhosts,
If market red = happy :D (I can buy more)
If market green = happy :D (I can trade more)
That's the nature of crypto market :D Dumping and Pumping always there! What we need to do is HODL until we make a decent profit!
Anyway you just shared a valuable news with us!
Cheers~
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well said @theguruasia
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In all this history with China, there is also a positive side for the others, a major player will leave the market, smaller players will have new opportunities. It will certainly be difficult for the Chinese to return everything back. Thank you @czechglobalhosts
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Do chinese farmers get money from their wallets? I want bitcoin go down to 2600 this week and then go up to 4500 - 5000 in week. Give people chance to get money. )) I guess why it happend - bitcoin goes up, and people who bought sell some of their amount.
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Everything is on sale... fantastic for the long term HODLer!
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I'm excited too, what do you have your sights set on?
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I don't know in depth of this... bit i know this is a bad news.... hope every thing will be fine.... be we can take this in a positive way too... means we can buy more bit coins... if u r sure that the BTC may go high... actually it really gonna reach high point....
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@czechglobalhosts - Red market == nice buy times ;) That's how I feel it Sir. Let's find we it's red. Useful information.
+W+ [UpVoted & ReSteemed]
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Some people got really scared which is causing this panic attack
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nice post
thanks for sharing
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People are deciding to sell! Good chance to pick up some if you haven't already.
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Dash has Shown improvement :)
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amigo #resteemia at your service
FUD is near, so market drop will correct on monday ;) excellent analysis @czechglobalhosts
ReSteemia
'UpVoted ReSteemed Commented'
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Well shoot.......sighs
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I see no reason to panic!
Let's buy more!)
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the uncertainty and the announced stop of operations of some of Chinese exchanges create the FUD.
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Ye China again i hear.. Problem the last month its just been red when do we see a massive push past all time highs again??
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time is going wrong, we need paitent.
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Great. I am buying more
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I think it may just be a retesting of some of the previous support. The great thing about these markets and the reason to never fall to FUD is that you ALWAYS have an opportunity to buy at a low price if you wait for a dip.
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Shocking isn't it? I believe the problem is still on China market. Be patient, it still fluctuated. Should we buy it?
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I think it is the fact that people are taking their profits out of the market because they accomplished their targets.
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yeah, i just noticed this too, STEEM back at $1... and i just bought more yesterday, doh!
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so many reds what is going on :(
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What happened all of a sudden no news too :(
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