As per my last post on over all markets, where i had already suggested and told to sell crypto and sit on cash and only invest very little in new coins if you want, we can see its crashing. But i feel we might be near the end, because according to my analysis, if it breaks 590 Billion U$D market cap, i can go to 426 Billion U$D, but i highly dought.
Currently the best thing to do is invest 30% of the savings, and sit on 70% cash. The only reason it can crash even further and go to 426 Billion U$D countries like china and korea closing exchanges. If this continues, there will be further break down. However, sooner or later, the world will accept cryptos, this is just a gimmick to scare everyone, so the elites can enter.
I feel that all this is happening because the governments and many left out powerful billionaires want to get into this business. In my recent post where i mentioned that India's richest man "Mukesh Ambani" is getting his own crypto currency, i feel alot of rich elites have now realised it, that this is the future and would want to get into blockchain crypto.
Crashes are the best time to get into any financial or commodity markets. Remember that.
So dont panic and wait for the apportunity, crypto will take over stock markets sooner or later. Who ever is following me knows that at the peak i had suggested to get out from crypto, the reason is, no matter what the markets, the sentiments stays the same. When everyone is getting in, its the best time to getout and wait for the opportunity.
If you like my post, do not forget to comment, upvote and resteem.. :)
Follow me: veerall
Some of my best posts
- https://steemit.com/crypto/@veerall/investing-in-new-cryptos-with-only-100usd-for-100x
- https://steemit.com/crypto/@veerall/crypto-crash-and-future-2018-2019-using-some-common-sense-and-in-a-simple-way
- https://steemit.com/life/@veerall/what-if-i-told-you-1-hollywood-doest-predict-but-knows-our-future
- https://steemit.com/money/@veerall/the-history-of-money-from-food-to-crypto-and-the-greed
- https://steemit.com/cryptocurrency/@veerall/mad-max-situation-what-about-the-cryptocurrency-valuations-when-the-dollar-collapses-global-meltdown-metals
- https://steemit.com/life/@veerall/how-to-never-get-depressed-or-feel-lonely-or-sucidal-the-secret-to-bliss-without-pills
- https://steemit.com/religious/@veerall/jainism-a-religion-based-on-science-commonsense-and-nonviolence-part-i
You think a lot like me. I see challenge where people see risk and I see risk where everybody sees opportunity. Search for an upcoming trend and adopt early. Leave when the mass follows you there.
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so true.. have been into markets since 2005, had once lost everything. Learnt alot after that.
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Hey Veerall.
I loved your post and wanted to add my thoughts for everyone to hear.
I agree with you saying invest 30% of savings, however for different people in different circumstances I want to remind you only to invest what you are willing to lose.
Anyway, I want people also to note that Alt-coins move with the BTC price, and you have to look at market fundamentals of BTC.
If you look at the graph, you see a lot of support at the 10.5k level where we were sitting around for a lot of the day today. If we break below this support levels, expect alts to bleed more as they make a move downward with BTC as it moves to the 9k level. Again don't rush and sell after hearing this advice, basically what I'm saying is he who is patient and stays focused will see the most opportunity in crypto. Thanks again for your thoughts.
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yup, its a waiting game..
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This is so true
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thank you..
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Things are gonna be better
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Wish Granted!
0.2 sbd transformed to $.66 upvote
Gratitude for @earthnation alliance
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