What will be the end

bankthecrypto (68) in crypto • 6 years ago

I'm really do not understand what is going on in the market in the last few week and why the price are dropping so strong

What do you think , is this the end of crypto market or the prices will jump up soon

crypto btc eth xrp bitcoin

6 years ago by bankthecrypto (68)

$46.91

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flagawhale (59) · 6 years ago

You have literally zero insight to add yet you think this post which is essentially a CoinMarketCap screensnip is worthy of the amount you bid? You can't be that dense. I refuse to believe it. Flagged for bid bot abuse. This is only the beginning @bankthecrypto. We are already working to have you blacklisted and will be conducting flag campaigns to ensure your bids do not ROI due to your abuse. This is unacceptable.

steemflagrewards (69) · 6 years ago

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steevc (73) · 6 years ago

Follow on flag for bid bot abuse @steemflagrewards.

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anthonyadavisii (70) · 6 years ago

Follow on flag for bid bot abuse. @steemflagrewards

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rabbitbot (52) · 6 years ago

Follow on flag for bid bot abuse @steemflagrewards.

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freebornangel (73) · 6 years ago

Follow on flag for bid bot abuse
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steemseph (65) · 6 years ago

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kingsofa (50) · 6 years ago

Follow on flag for bid bot abuse.
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noblebot (57) · 6 years ago

Follow on flag for bid bot abuse @steemflagrewards.

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freebornangel (73) · 6 years ago

Follow on flag for bid bot abuse
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bi5h0p (55) · 6 years ago

First off, you need to remember that the crypto market is simply a drop in a bigger ocean. Right now, cryptos are a new, somewhat unproven asset class. And, with a market-cap of only $180 Billion, they are small potatoes. So, it's no wonder you can't understand what's going on with cryptos by looking at crptos. It's the same thing as trying to undertand what it going on with a moving car, while you're laying down in the back seat with your eyes closed (you have no idea that you're about to go off of a cliff).

I have been studying markets, money, precious metals, and cryptos for about 8 years. To know what is going on with the crypto markets, here is what I check out - in order of importance:

#1 - the U.S. Bond markets
#2 - the LIBOR interest rates
#3 - the strength/weakness of the U.S. Dollar
#4 - the price of oil
#5 - the price of precious metals
#6 - the housing market
#7 - cryptocurrencies
#8 - casual scan of financial news stories of the day

You must understand what is going on in the broader market categories - equities, securities, commodoties, metals, real estate, banking, technology, energy - before you can begin to project and/or interpret what numbers in the smaller markets, such as cryptos, may or may not do.

If you know that wealth is not created or destroyed, it simply moves from one asset class to another, then you need to be able to figure out which way is the money going??? When does it go into and out of the various asset classes? Why? Who is in control of the money? What are the people who are in control of most of the money trying to do? How are they doing it?

Mostly, when everybody seems to be going in a certain direction - it's a safe bet that they're going the wrong way. Right now, there's an increase in people bailing out of the crypto market. This is when the "strong hands" HODL, and at some point a whole lot of BIG MONEY will swoop in and take advantage of these super-low crypto prices.

Let me tell you what I, personally, am doing: I am buying and stacking physical silver and a little gold. Now, I'm SERIOUSLY getting myself set up in a position with more CASH in hand - so I can buy the bottom of some of these cryptocurrencies. But, which ones to buy??? A very safe bet is any crypto which is already listed on CoinBase: BitCoin, Ethereum, LiteCoin, Ox, BCC, and Ethereum Classic. These coins have been vetted and approved by the U.S. regulating agencies - the SEC and FTC. I sold out of my cryptos 4 months ago and moved into physical silver. I took some losses on cryptos, but my money has remained very safe in silver. And, I've been keeping some cash ready to go in my bank account, credit accounts, and home safe. 4 or 5 months ago, I felt cryptos would continue to go down - and they did. The money is not ready to move into cryptos quite yet, but the more their prices become manipulated downwards, the closer we are getting to the next big move. I don't think it's going to be into cryptos either - I think it's got a better chance of going into precious metals. But, if you split your cash 50/50 between both asset classes - you won't be in a bad position.

If your already "all in" on cryptos, you're going to have to HODL. NEVER, NEVER sell for a loss if you can wait it out for a couple more years and cryptos will be riding up on another bull market - which could be massively bigger than the last upwards spike. If you can wait 5 - 7 years, you should be getting back at least 1000% profits from the cryptos that do survive the dollar collapse.

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enforcer48 (68) · 6 years ago

I think the payout on the post and your comment should be reversed.

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thedarkhorse (67) · 6 years ago

Completely agree with that.

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bidbotsarecoming (36) · 6 years ago

It's not the end. Just a great time to keep buying.

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yhanny.marie (25) · 6 years ago

Sounds very optimistic! Stay positive. ♥

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fjconstantino (38) · 6 years ago

It's certainly not the end of Crypto or Digital Assets. The crypto market has to grow up and in doing so it will have many bubbles and crashes. The key is value and crypto brings value to society. As its use increases so will demand. Many current projects will fail and it is hard to say what assets will emerge as dominant. This is truly a frontier market. Do research, invest in what you believe in and never stake more than you can afford to lose. The main thing is have fun.