It was just a bit of Christmas shopping going on, people... A few crypto-rarri and crypto-lambo purchases for those who did well last year. If you're one of them.. Well Done!! Maybe this year is going to be my year!
The Ship is steady
If you have a look at the whole crypto market cap, you'll see that while BTC has wiped out over 100 Billion Dollars from its Market cap, the rest of the cryptosphere was abuzz with activity, and the total market cap is only down by about 9 Billion Dollors.
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image source: coinmarketcap.com
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image source: coinmarketcap.com
You can see the big dip when BTC took its first major hit, but then while BTC continued to fall, it is evident that that most of the money hasn't been leaving the cryptosphere, but has been shifting into some of the other coins out there, one of them being STEEM, which has moved up into 29th position by rank of market cap and smashed through the 1 Billion Dollar market cap barrier. Steem is rubbing shoulders with crypto royalty right now!
So don't stress about the crypto... it was just a bit of shopping by the crypto-loaded, getting some bling for their garages.
Or in my case.. just a few ounces of shiny silver.... It's in the mail, coming soon... Getting some tangible value to reassure myself this is the real deal.
Image Source
The Crypto markets are stronger than ever, and we are going to see the rise and rise of a few coins in the very near future. Fasten your seat-belts and enjoy the ride!! The crypto-reckoning is upon us...Dun..dun...duuuuuuun!!!!
I'm still trying to get my head around everything as far as the crypto-market goes. Until just recently I was simply posting on Steemit and happy to do so but now I've started doing a little trading here and there. I'm enjoying it but flying blind mostly. I've tried to read a few blogs about the topic but am reluctant to give too much weight to some of them as I don't know their validity. Confusing.
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I'm in exactly the same position. I see conflicting analysis about the markets all over. There are some really good, and convincing posts as well. I'm kinda figuring things out as I go as well, and see what historical data matches the analysis of their previous predictions. Mostly I'm trying to hold on as long as I can without panic selling on the downs. If I look at my early trades, what I sold then would be worth a tidy sum today... all part of learning though.
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Hey @bmj, you're totally right (I think)... I also think a lot of professional investors/traders would have been on holidays the last couple of weeks... and I'm sure if I was a professional investor I wouldn't keep my money in any crypto while I was away from the Exchanges.
I'm fully expecting the whole market to regain it's ATHs over the next few months.
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It's been a pretty good start to 2018 for some coins. I think BTC may make some sort of recovery eventually, but some of the other cryptos are going to be the big winners.
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Hello @bmj.Do resteemed your post. 0.350 SBD/STEEM + memo your post and will see my followers
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Let me think about it.... umm. No! Organic growth is king, paid resteems is a dead end.
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https://steemit.com/steemit/@luzclaritareyes/i-am-new-to-steemit-luz-clarita-reyes-introduce-your-self
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Link dropping in comments won't get you very far on this platform, and at worst will get you flagged out of existence if you drop it on the wrong person's blog. Lucky I'm a nice guy though ;) . All the best. Welcome to Steemit.
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What is happening now in the market is not always clear to the logic
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by bmj from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP. Be sure to leave at least 50SP undelegated on your account.
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