The crypto market had yet another breakdown today. We hit a low of $265 Billion this morning. The low that we hit in early April was $244 Billion, we could go down to test that area. If not that could've been a short term bottom.
If we break down from there look at below, but don't lose your mind. Move to cash or Tether if necessary. Take off the risk to settle your emotions if you find yourself making rash decisions.
Crypto is not going anywhere, it will disrupt almost every industry you can think of. We are still over 20X higher than the market was 18 months ago. Keep the big picture in mind.
Happy Investing C# HODLCREW
Visit My Website:
http://connorkenny.com
https://youtube.com/c/ConnorKenny
https://twitter.com/ConnorLKenny
Find me on steem platforms, @investing
https://steemit.com/@investing
My Favorite Exchanges are:
Binance- https://www.binance.com/?ref=10117792
KuCoin- https://www.kucoin.com/#/?r=1tcM7
5 steem giveaways! Sub and comment on YouTube video to win with your steem handle/name.
▶️ DTube
▶️ IPFS
LOL! Crying……………. That’s exactly what I feel like. Nailed it!
Points that I agree with strongly
Once again………….about shorts- LOL! Easily the best video that I have watched today.
PS: Congrats to Roselyne Del Carmen!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Market is getting really smashed. I have actually been accumulating recently. Just yesterday I purchased BTS. At this time it feels like we are really oversold. We should expect at least relief rally. Is it even possible to get as low as 20 bil. market cap? It might be possible, but it’s highly improbable. The adds are just slim to non. My actual plan right now is to accumulate as much as possible and hold it until my retirement. It’s still looong way to go, but it really helps me not to panic. Only if we get in the near future up by 4-5 folds I would probably cash out just what I invested. The rest see ya when I retire. Decades and decades to go. If we break this support, which we keep breaking one after another, there will be many investors forced to sell. Many already are. It’s unfortunate, but it’s true. Fortunately, I’m not one of them. I can afford to loose all my investment. It’s scary thing, but we have to go through pain before we get rewarded. It’s the same as we were at the top, the same euphoria. It was buying euphoria, now it’s selling euphoria. We may not believe how low we can go, just like many didn’t believe how high we went.
BTW: Lol 😆 I guess I pushed my luck by winning second time in a row and “not winning”. I respect your decision, after all it’s you who makes the rules and I really appreciate you to give us this great opportunity. 👍!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The selloff is increasing along with volatility. This may indicate we might be near bottom. There are people talking about 3000 bitcoin. In fact, no one knows for sure. All we can do is not to panic, not to sell for loss if you are not forced to and add to your portfolio especially now. I agree with you! Compared to what is now and to what we could experience if we break 240 billion is just a walk in the park. We can see historic flash crash. Not many people will now what to do. Many people will freeze. I saw this kind of flash crash in stock market and it was really scary, even though I wasn’t invested much at that time. Steem at $1.44 if it even gets there is a great price to pay for. It’s like a discount on steroids. I think at that moment everything will be a great buy, especially the great coins.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@investing it is just a matter of Time before we Swing Back to the UPside Again.................
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Of course not - its like ANY market; fluctuations are a daily event...MOST recover.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is the time to Hodl and show your belief in crypto.
Crypto will rise but we shouldn't expect any predominant increases all of a sudden
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for the update, I'm not shaking by the latest blow on crypto, it's obvious that it's coming back to the top where its belong. Crypto has never been stable since inception, if it go down today, it's coming up tomorrow, that's how it has been since inception.
Let me quickly subscribe to your channel,i might be the winner... Lol
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The big picture indeed. Crypto for life
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi connor
The start of video was fantastic hahah
I think cryptos are here to stay
Cheers o/
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I know things are not working good and we are not going through good days, but i think We should HOld a bit more for some amazing benefit.
Upvoted and resteemed.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Market is just checking your patience, and remember this quote
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
#HODLCREW
I am supporting this hashtag. I am really hopeful that there will be a bounce up later or sooner.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Come on man who thinks that crypto will crash. There is still a lot more to it.
I think it's time to HODL and get extended benefits after sometime.
I see this dip as an opportunity to invest in the crypto currency.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You know what? I was waiting since you posted this video on youtube.
well yes holding is the best option now a days,
i'm too holding and i think this downtrend will stay for at least two months.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
hy sir SBD sell ka program hy apka
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
NO i don't have any plan to cell sbd.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Manan bhai ye kon hy?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
ye is one of our pakistani 'steemains.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Patience is greatly rewarded. I believe Bitcoin will follow the pattern of pumping on weekends and will try to make a run towards $7800-7900 before the ultimate bear flag playing out. Still no confirmed breakdown, until $BTC goes below $7480.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
obviously crypto is not going anywhere
even though it is very difficult time
we need to keep believing in this industry
it has got strong support
testing times
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
that is the only reason our hopes are alive
we all know its potential and how much growth it will have in future
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
it is time to hold your belief in crypto sir
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It surely would get better. I at the moment made my decision to HODL and buy more in this dip.
I see all these as the supposed necessary process for unimaginable growth to occur.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The law of demand states that a higher price leads to a lower quantity
demanded and that a lower price ... Crypto will not crash, dont be deceived.....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It would be really nice if SBD were at the $1 peg right now, because you could move your assets there and know they were safe from price drops. I know a lot of people really like USDT, but there are still so many questions, issues, and flags with Tether, that I personally avoid it as much as possible. I don't want to be the one holding the bag. It just seems too convenient that they're able to print money as much as they do. I still haven't heard about someone completing an audit on them.
And then you look at articles, like this one that says that Tether is one of the primary methods of artificially propping up the price of Bitcoin and it makes you wonder a lot of things.
https://ethereumworldnews.com/bitcoins-btc-price-was-pushed-up-using-tether-usdt-manipulation-says-researchers/
All that being said, I'm still bullish on crypto long-term, I just take issue with Tether.
Note: Not financial advice. Do your own research. These are just my personal opinions.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 42.32% upvote from @emperorofnaps courtesy of @investing!
Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Strongly agree!
2018-2009=9
[Rational]
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hodl 😂
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
even though we believe in crypto
But still people are very very scared
i think these are the times when we will get to see worth of crypto
fingers crossed
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is nothing but the best words i have heard concerning crypto since this bloodbath began. We need some form of assurance even though we know that crypto is here to stay. Thanks for this timely admonition.
I have subscribed to your youtube video.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Una flutuacion y reacion del mercado, normal un poco bajista pero la tendencia a futuro es al alza, el cripto repunda es lo màs seguro.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's really unfortunate, I read the news why could happen like that, I know one cause because cripto south korea hacked, this is the news :
BITCOIN (BTC) fell to a two-month low on Tuesday (11/6/2018), worried about regulation and security that deviated after the South Korean currency hack at the weekend, Coinrail.
quoted by Reuters from Kontan.co.id, the original virtual currency is close to this year's lows to under $ 6,000 per BTC on the Bitstamp platform. its value has been landslide to a low point below 6,500 US dollars per BTC and last traded down 4.7 percent at 6,551.48 US dollars per BTC.
Since the beginning of the year bitcoin has dropped nearly 53 percent, having soared more than 1,300 percent last year.
on Sunday, Coinrail, a relatively small crypto-cry in South Korea, hit by cyber hacking. As a result, about 30 percent of exchange-traded coins are gone. should not reveal its value, South Korean media Yonhap estimates the value of crypto money lost to 40 billion won (37.28 million US dollars).
The latest hacking news drove the decline of crypto money market capitalization to more than 40 billion dollars on Sunday. bitcoin itself declined by almost 1,000 US dollars.
"Bitcoin is in a vacuum at the current liquidity," said Mens Greenspan, senior Israeli market analyst at eToro, in exchange for $ 5 billion a day, the lowest level since November 2017.
"Because trading activity is very low, even a small amount of pressure can drive the price quite drastically, just like if you hit a baseball in space," he added.
Other digital currencies also declined, as if to sympathize with bitcoin. ethereum, the second largest crypto buck by market value, fell 5 percent during the last 24 hours to 496.07 dollars. The third largest virtual money, Ripple, fell 4.3 percent to 0.55 US dollars.
South Korea is one of the world's leading crypto trading centers and is home to one of the most heavily traded exchange of virtual coins, Bithumb. (Hasbi Maulana)
this news has aired on Kompas. co.id with the title: The price of bitcoin ambrol affected by news of South Korean crypto
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Crypto can boom now any how.its all about what level of confidence you have.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 6.46% upvote from @postpromoter courtesy of @investing!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
this is the time to accumulate the whales will keep playing these games but we need to up the game :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
To be frank its just the starting of my crypto career and i hope that i may not end this much sooner,lets hope for the best sir.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit