Hey, fellow steemians. I am new to cryptocurrency trading and a new to the steemit community as well. But I have been trying to figure out how this cryptocurrency values fluctuate. There has been no straightforward answer to this as far as I know. Recent rise of the Bitcoin and Ethereum in terms of value is phenomenal. But at the same time many people say that the rise is a crypto bibble and may burst leading to heavy losses to the investors. I can see from the CoinMarketCap site that all the top cryptocurencies are falling simultaneously. Also some new comers to the cryptocurrency family have risen almost a 100 times in a day! As we can see from the charts.
Charts are for June 19-June 26 from coinmarketcap.com:
As we can see from the charts that there is downward trend for almost all major cryptocurrency.
An interesting currency called #FootyCash (Footy Cash) has risen almost 1000% during the last 24h. But it has a very low market cap.
I hope that this is not a bubble that bursts as cryptocurrencies are the way forward.
:))
Hell yeah! Want did you think, you can make money out of air?
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I bought end of may and I plan to hold for at least 5 years. No need to panic, it's gonna rise again just like the dark knight ! 😅
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You see that is the problem, you have buy it order to make profit.
Wrong!
This cryptocurrency was made for something else.
You have got it all wrong.
Yes it will blow soon and no it won`t rise, others will come and take it place.
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