It's hard to stay relevant in the cryptosphere.. A couple of hours ago, people were euphoric as the total crypto market reached 350 billion USD, and Bitcoin traded at almost $12,000USD.
A few hours later? Bitcoin trades at less than it did yesterday - actually we're down 4,5% for the day trading at $9100 and falling as I write this.
It's not only Bitcoin that is getting hammered. Eth is down from a high of $525 to $460, Litecoin $90, Steem 0,99$ and so on. Just really boring stuff. Nothing new really. Just confirms that Cryptos are still extremely volatile and we're an emerging market. And also, don't forget, there is a lot of newbies in this space. Young people with little or no trading experience. Right now, whales are selling off. Hell, even I sodleded a little bit at$11,500USD. Just some small profit-taking from over 1000% gains this year.
Yeah, I'm losing big time as we speak. It's sad to watch that Lambo-gainz you had two hours ago turn into a Chrysler Stratus-gainz(the worst car ever) , but there are times like this where we will see winners and losers. Winners are those who HODL.
ps: I had to change the price of Bitcoin five times while I wrote this, from 9700 to 9100. Fucking ridicillus.
This is not trading/investing advice. I'm not a professional. Do your own due diligence.
and two weeks ago we were at 6-7 k or something. Let's just wait a few weeks/months or better a year and see how things turn out :D
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Yeah, I mean..I was predicting 6800$ by the end of the year, and I was concerned that was waaaay too positive :D
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Interestingly, Bitcoin Gold is holding the fortress, like, well, gold!
(I know this is most likely due to randomness etc)
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Hm..yeah. Dunno why though.
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Lol:)
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At least JM is bullish. You get your Lambo @scandinavianlife or a jet airplane if you prefer so.
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The cryptocoaster come along on a wild ride.
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I it will be below USD$9,000 before most people read this post.
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Probably..well, I'm not that surprised. I think it's fucking boring..that people are so scared, but hell..1000% gains this year..and then 10% down..it's not too bad. But remember it can't go 1000% down ;) Only 99,9999%
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Yup. Most likely a bunch of profit taking plus a bunch of freaked out people.
It will go back up.
Unlike STEEM, which hardly moves when BitCoin goes up and then goes down when BitCoin goes down. Makes no sense at all.
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No, Steem just seems to want to sink. I don't understand completely why.
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I'm guessing that between the October downtime and the obvious manipulation, people aren't taking it seriously. So, the only option is to manipulate Steem Dollar for trading or building up Steem POWER on the cheap.
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Hoho..it's not under 9000 yet! Care to make it interesting? I bet 5 Steem dollars it wont go under 9000! EVER!
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Which exchange?
It does look like it is stabilizing. Bitfinex and 3 other exchanges did have it at below $9,000 for a little while.
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Nooo, Bitfinex was trading at 9000,1 actually :D
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The drop does not seem to affect all the coins. The coins of more brownish hue are mostly doing their pump and dump action. Yesterday a coin called UNIT rise 52 000%(I think) and is now worth nothing.
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This post has received a 2.73 % upvote from @buildawhale thanks to: @scandinavianlife. Send at least 1 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.
To support our daily curation initiative, please vote on my owner, @themarkymark, as a Steem Witness
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Have we forgotten the spirit of Bitcoin?
https://steemit.com/bitcoin/@xsid/the-spirit-of-bitcoin-have-we-forgotten
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