The Sad Present Situation of Crypto Market

in crypto •  7 years ago 

2017 will probably end with a sad big red price for all crypto enthusiasts

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(Photo: Screenshot of the coins I follow)

Ever since 24th December aka The Red/Black Friday the fall in the price of Cryptocurrency started badly..

Some coins managed to fight back but seems like it's getting pushed back more and more...

I wonder if Mr. McAfee also saw this on his dream (LOL)

I hope to see some positive changes when this holiday ends.. Holidays are bad for investors of Finance market but perhaps the Travel and Tourism industry is currently making big money with all the advance flights and hotel reservations airlines are making big money by selling any available seats for double or triple price.. Ahh this should end.. Can't wait for the start of January when people return to work.. duh.. this taught me a good lesson.. next time I will invest some in advance on travel and tour industry before the holiday season and that will bring some profit..

Anyway happy holiday everyone.. perhaps I should also forget about this screen and go hang out to the beach or something..

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Well we have already seen huge growth for all major crypto currencies and this is just a little dip before we continue this phenomenal growth in 2018 as well

yes .. I agree with that .. we have also seen a correction from 20K - 11K in BTC , so there is good support @ 10K levels

Bitcoin won't die as altcoin are the children of Bitcoin.. Atleast not in the next 20 years.. We don't know who Satoshi Nakamoto is and if he is even alive or dead.. But we do know many of the guys from Cypherpunks who are still active and these are the people who communicated with Nakamura and know most of the things Nakamura had in his vision.. And incase if Nakamura is alive and have been watching everything and if he makes another public appearance just imagine the craze of Bitcoin..

And one thing I realized.. the price of Altcoin are heavily dependent on the price of Bitcoin..

I would often mine eth on my small miner with just 2GPUs apart from that I don't keep much update of the community but Eth didn't die in fact the price went up when Vitalik tweeted about his fondness of Child Porn..

We can predict, we can forecast and make assumptions about the future.. but unlike McAfee, God don't come to our dreams and inform us about the price change of our favourite crypto.. So we can all work hard and collect information and rely on those to make investments and build our portfolio and the rest we can keep praying to God and if we get the holy blessings we can gain big wealth and incase if we get unlucky we can lose our investments.. Hopefully I wish you all as well as myself to have a nice 2018 with full of opportunities to invest and gain profits

agreed with first sentence | it won't die but it will get old , transaction fees are going through the roof .. BTC will be dominant for quiet a while , then maybe ETH will cross BTC first || Just A Feeling ||

Betting on the wrong horses. Bitcoin is dying and Ethereum has about a year before ADA kills it. Just HODL the right ones and don't worry.

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Amazing price. Its good news

good news and great work .. keep it up

everything down and under not a good day hope it will get better :)

The nearer Bitcoin is to the limit the more unstable it will become. The net growth this year has been positive for almost every crypto which is a good sign of expansion.

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