The cryptocurrency market correction has continued along, with Bitcoin barely hovering above $10,000 and altcoins falling even harder. Main stream media companies are already pronouncing that the Bitcoin bubble has popped, but hasn't this already happened FIVE TIMES in the past 365 days. Let's talk about what it all means and how you can move forward.
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For each piece of fud in the news, you have something really good happening, e.g. https://www.ccn.com/japans-largest-bank-mufg-will-open-cryptocurrency-exchange-local-media-reports/
Profit is for the brave 😀
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Japan is positioning itself as a hub and leader in the crypto space. Such a smart move on their part because they are going to have some serious financial challenges due to their aging and decreasing population.
As other countries crack down on crypto money will flow into Japan, to their (and our) benefit.
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Thank you, for instilling hope so to speak. It is encouraging. as the article states we have all seen it tank before several times. The Blockchain and cryptos will be the only way of the future for technology. Thank you again for sharing hope and insight
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Cnn? Lol cmon cointelegraph!:D
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Who said cnn? Click the link 😀
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Investing in cryptos certainly is for the brave only, if your not brave don't put a lot of money into it is my advice!
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Bitcoin next leg
https://steemit.com/bitcoin/@salahuddin2004/bitcoin-will-retest-20-k-before-30-march-2018
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The last thing we need right now is for Tether to implode and Bitfinex to get shut down, or another massive hack of some exchange.
Dear Heavenly Father, please keep Tether and Bitfinex safe until bitcoin makes it's way back to $19k.
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Nothing major news came and bitcoin started going down and so the other coins as they are mainly derived by bitcoin.So what I understand by this is that some powers or might be government is trying to manipulate the prices.They are selling it with the name of popped bubble or crash and then they will buy to benefit from it.
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1000 people own 40 percent of all the bitcoin...we call em whales..
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Looks like we're going lower. Here's some insight for those in need:
IMPORTANT Coin Updates (BTC, ADA, BTS, EMC2, ETC, GNT, SBD, STEEM, XVG)
https://steemit.com/bitcoin/@benkalashnikov/important-coin-updates-btc-ada-bts-emc2-etc-gnt-sbd-steem-xvg
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Day trader be like.
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A more useful chart is to track bitcoin and crypto against the spoofs and wash trades. USDT isn't USD, people!!!
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Holy Shit -- I never thought I would say it, but this time is different
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:o
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Dont be panic sellers!
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Agreed. If you weren't blessed like me to sell the night before the drop as I wrote in The Beginning of the Correction?. But if you have cash laying around, now is the time to buy back in. The very same charts in the first post are now showing that things have settled and as a result, I am fully back in the market. I encourage everyone to BUY BUY BUY because the correction is done
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following the correction by https://coinmarketcap.com/charts/ shows we've been just about sideways for the past 24 hrs so I'd have to agree. Barring any new developments, I think this bottom has arrived too. Which ones bounce back and by how much is anyone's guess.
edit: i wasn't looking at 24 hours. it's still bubbling a little
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Definatley buying time!!! :D
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I wrote a piece last night also on support levels to scale in.
https://steemit.com/cryptocurrency/@rksleung/decision-decision-time
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keep hodling
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Every investment should be long term right now...these crypto will be worth alot 2-3 years from now
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The bitcoin under too many people are very scared by how much it has come down but it is normal demand and supply has declined, but it is normal to balance. The bitcoin bet that in a few days it will normalize and rise again just have to wait and continue investing and working is more. Right now we have to work and buy bitcoin and other altcoin so that when they increase the investment they multiply.
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You're so nice for commenting on this post. For that, I gave you a vote!
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Listen up, junior and ye financial morons posing as informed libertarians, and let the grownups teach you a lesson in Finance:
'Wins' and 'Losses' are NOT real, until you Monetize them into Street Money.
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Everyone has to learn this the hard way at least once. One of the first stocks I decided to buy, I fired 6 times and caught the falling knife all the way down. I amazing called the bottom with my sell order. If I just held and stopped watching, my return would have been a tidy 300% vs the 52% loss.
If it gets really ugly I will use the Crypto Bobby Method of Doge investing. Forget it, toss the Ledger Nano in storage a few years and then check back for the gains.
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U never take losses till you sell!
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already under 10k on binance and many others... however i don't think this is the end, merely another one of its hundreds of minor and major corrections haha
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Did anybody see bitcoin? Do you maybe see any fucking similarities?
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There none lol just bitcoin to be compared with itself
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It is over! the next stop will be 50k
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it's time to buy!!
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Great job !! All I want to add is HODL!!!! Good Night !! 💲👍😴👊
This Storm Will Pass !!upped and resteemed !
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Lolol!!!XD
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good time to buy rob
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down to 5000 it will go
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Can Bitcoin hold $10,000? Nope, it's 9150. The panic is insane. :D
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BITCOIN WENT DOWN AND TOOK ALL OTHER ALTS WITH HIM
BITCOIN IS LIKE
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Bitcoin be like It's just a prank bro!
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I am going to HODL till it reaches zero, I will keep this coins as a token of laziness if it doesn't recover but I have seen tons of times that it will bounce back stronger each time. I have got another idea for you guys too.
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HODL IT FIRM!!!
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Pffffft!!!! Hahah
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Or lets take it easy.
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"Buy all time highs and panic sell lows"
That's how you trade my friends.
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Please send me your trading tips, and I will do the reverse and make so much $$$$$
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Hey it's simple man, my strategy is:
1.) FOMO buy at all time highs, aim to always buy as high as possible!
2.) As soon as the price starts to sink, start selling, trust me I've charts. Aim to find the bottom and sell the rest.
3.) Wait for the price to recover and buy everything back
You're welcome buddy
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Even it it falls to 8,000, that is 8x return from last January. There seems to be very short time perspective in cryptos. Everyone came in when it was a rocket expecting it would never fall.
If your going to be involved with individual investments of any sort you need to remove emotion and determine your investment strategy and stick to it.
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Am I the only idiot who got into this at the end of December expecting anything else than a clusterf#*k? :D
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I think it should hold the $10k support, but I honestly am a little worried it won't.
That being said, I focus on the long term potential Of The market so I am not worried!
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Do not fear! Long term! Bitcoin still up 1k percentage since last january!
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Awesome work!
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Good point regarding the 5 prior corrections. However, don't you think Bitcoin is in weaker hands this time around. People who got in for FOMO are the first to leave when prices get this bad or even when they have any sort of bounce off the lows.
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the people who are in this market from about a year they will not scare because this dip is normal to them its like a healthy correction.
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I agree with you completely. Using your expression that 'this (has) already happened FIVE TIMES in the past 365' shows that the Bitcoin market is dynamic and can no longer be ignored. The very fact that it is commanding this much attention, debate and transactional participation is a clear indication that it will bounce back again. There's something I see in Bitcoin which defies the current downturn.
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thank you for the imformation, but whether it will be like this always the changes that occur in bitcoin, this is a very important thing for me personally, because I am still very layman about this problem .. please guide and motivation from friends who have experience of what @cryptobobby slam friendship from @gavvett.
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frankly speaking i am very happy thats its now below 10k. as soon players getting desperate and see no future, then it means the fruit is ripe and it should be the right time to invest. if you are a long time investor like me, then anything below 10k should be very attractive. do you see the light too?
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No need to be worry sellers ;)
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Thanks for sharing this informative video and in my opinion if we can see the past historical data then we will get to know that, in month of January the dipping trend is there, so let's hope for the best and in my opinion everything will be on track. Thanks for sharing.
Have a great day and stay blessed.
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Just wait and then we gonna go to the moooooon!!!
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i hope so.... i am very little and i already lost more than 100$, thats kind of a lot to me
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Chill and relax. It's not the end.
It's a big consolidation nothing more. Nothing less. Soon, you'll get to the moon. Do not forget to wear your astronaut suit.
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Ask yourself if you tick.When will everyone work.There is a way to find out?
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Richard Branson and Bitcoin crew will repeat the process :-) He's busy "Motorboating" right now, but will get back to business soon. Wait for it... Exchanges involved as well....
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a very good opportunity for investment
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We are at the bottom of a market cycle. Every January for the past three years we have seen the market take a hit. The lows were found on January 12, 2017, January 16, 2016, and January 14, 2015. It would appear that, if this recent drop is the absolute low or near the soon-to-be low, then we are right on track and should see a renewed bullish trend pretty soon. This would also fit into the other narrative I have mentioned which is that Bitcoin market corrections generally take 5-7 weeks to complete, and we are now in the 5th week. We should generally expect to see the $17,000 level in about 7-10 days, if things continue following the same patterns, and $20,000 within a week after that. Is this going to happen? There are no absolutes or guarantees in the financial markets, so we don't know for sure. Things have continued to line up as we have mentioned, which is a good sign, but we must remain vigilant in watching the charts. Interesting to note is that the low just hit was within $35 of the low hit on December 22, 2017, which is at the 50% "Dow" retracement level as measured from the September 15, 2017 low of $2972.01. As I have mentioned before, usual Bitcoin corrections are between 50%-61.8% retracements. As a matter of fact, the correction on September 15, 2017 hit the 61.8% level. Because this low matches the low found less than a month ago, I believe there's a decent chance we could see Bitcoin drop even lower, at least to that 61.8% level which would put it around $9349.11. However, the one final indicator that we need to watch is the 200 day EMA (red line that the red arrow is pointing at). That is a major support level, so if price were to drop to the 61.8% level, it is likely that price might continue to drop until it bounces off that indicator. Currently, that would have price hitting a low of around $8450.
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unfortunately it looks like bitcoin cannot hold that level and is slated to go down further, wonder what the support levels are now.
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It doesn't. Already Below $10,000! Hard times, huh!
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The market does not care about nice looking numbers
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Nope - can't hold the 10k
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This will not be the end of Bitcoin, of course, but we must admit that every time the investment risks are greater.
There is always a hand moving the threads of the market and we are the puppets.
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Seems like i get it!
https://steemit.com/bitcoin/@defremont/head-and-shoulders-pattern-on-bitcoin-9k-usd-expected
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They warned us in this add from a week ago lol
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Let wait for what will happen in no time the coins will grow like nothing
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Thanks for information
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I think the market of crypto currency will once again survive the fall and continue to move up, as it was many times last year.
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Wow, after this firesale, after the correction is over,
There is going to be a lot of crypto Castles built when the prices go bullish.
I'm betting it all on Steem.
thanx!
L
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Awesome work my man!
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I just bought some Ethereum as I think that it will go back up soon.
I didn't invest that much, but possibility of earning some money is here.
What do you think how long will it take to go back up to the old prices of January?
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They don’t want to see us win #HODL
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Great video @cryptobobby. I don't believe this dip is the end for Bitcoin. It's just another opportunity to get more money when it goes up :)
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so the crypto market is like one to give you a heart attack anytime i.e if your not keenly watching trends and analysis. With all this analysis and predictions flying around everywhere.. majorly on steemit! did anyone see this current move/drop. ok! so where are the buyers good time to buy. i'll say.
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I think now is best time to buy and HODling. Tks for sharing
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HODL is the game. Blockchain technology is to advance to fail :)
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Lots of selling pressure here in India, if this trend continues they surely it will see $5000.
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I just bought a small amount of BTC at $9200. If it goes any lower, I'm ready to buy more.
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That shit ain’t normal. That’s sheer panic - just the opposite way...
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Love that people callin it a bubble/scam, they know if something started at 0.20c and to this day is still worth over $1000 it really does not fit in the "bubble/scam" category very well right ? xD
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Bitch, Moan, Complain, Vent, and just be plain Miserable and Bitter.
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https://steemit.com/news/@alandcosta/bitcoin-price-was-free-for-free-58a6bb2b07634
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Cryptocurrencies are hit by the exchange bottleneck. I wrote about it on my blog.
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Excellent your publication I congratulate you @cryptobobby
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Remember its the technology we trust, and not some shit coin!
Just HODL 😎
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it this down 10000. some people mybe died by hert-atark. who invest .. @cryptobobby
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no
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Everyday I'm HODL in' 😎🎵
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Bitcoin Sale. I hope it crashes more. 9300 or so bottom this morning. It could go to $4000 for all I care. This already happened before a few times, then comes back stronger.
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Doesn´t look like it, the 10k is gone, now probably the 8K is where it should stop...
Let´s see how long will it take to bounce back.
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Be confident! Stay calm and focus on buying. You must be insane if you are selling on these rates. Show some patience and balls, guys!
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Buying low / selling high and taking gains when you can is the game. Cheating is the game if you're morally corrupt. If the BTC exchanges are prosecuted for false flagging volume in collaboration with the rich, there won't be much of a crypto to external currency market. The greedy and morally corrupt will kill that market, but confident we will have another opportunity unless the exchanges are regulated or prosecuted out of business first.
Bitcoin was never meant to have an external currency value. The profits via currency exchange are all external to Bitcoin, but that's the exciting part right? Took some Steem gains through BTC to cash conversions before the dip. Pretty sure I'm on to a few of the players who knew the right time to buy and sell for themselves. The big question is... Will they do it again? I have confidence in the greedy bastards, but fear the exchanges can be shutdown. A few anonymous accounts are building up alt coins right now despite the flash crash. Been downloading blockchains and doing some analytics. Some group of people are squirreling for round two.
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I don't mind bitcoin going down as much as altcoins going down even more. For some time I have thought that bitcoin's scaling problems are serious. I would like to see a decoupling from bitcoin and altcoin prices. Then again, so many exchanges use bitcoin as the trading coin to buy other coins. Want to see that go as well. Bitcoin is not the best coin anymore.
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Some late comers are happy about the drop, they're quite optimistic that it'll rise so they're praying for more drops so they can swoop in.
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A very good suggestion I still new in steemit, with this post I can add knowledge about steemit.
let me come with you and I am safe
Thank you in advance
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Lower prices are just an opportunity. As they say, buy low, sell high. That’s what the high rollers do in the sharemarkets anyway but not blindly of course. If there are a lot of people out there thinking the same then this trend will certainly reverse. I am betting that those with money to spare will be doing just that. It is often the media that causes things like this with their doom and gloom predictions. I am a real estate agent and it’s the same with real estate. I see a lot of doom and gloom about the housing bubble bursting but it hasn’t happened and the media have been peddling this line for the last 6 months. If it does happen then it will only be because people have started listening to the last 6 months of wrong predictions by the media. I believe we will see a big turnaround in the crypto markets soon as big players use their vast wealth to buy more which will up the price. Without highs and lows, no one would make money from cryptocurrencies. This is my opinion only and not intended as financial advice.
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No matter what news comes in and create FUD, HODLERS will be rewarded after this bearish phase. The only question is : does it make sense to sell in order to buy after the crash ?
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Well it depends, that is a very risky game to play. Especially with the current market conditions. Most people agree that BTc will bounce off the 8k support level but there is always a degree of uncertainty
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I hear the running a sale on bitcoin better go out and buy it while it's cheap Buy Low sell High thanks for the update
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This will continue until the end of the Chinese New Year!!!!
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For the moment, it goes down further... Currently $9,900. Let's see what happens in the next hours.
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do you have the other site of trading???
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The world of cryptocurrencies is both captivating and volatile!
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please like and vote me boytaufik I need venture capital and can be independent.
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I imagen the whales at Bitconnect knew it was going fail. So they have been liquidating their coins contributing to the panic sell off. It’s rumored hat they had 1% of the bitcoin market volume.
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BTC sure to bouch back any time soon. Increase your holding capacity now
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is it safe to say that blockchain tech. is here to stay no matter what and that once a few more correction we will see the market back in full swing? I'm thankful I try to read books and resources to better my understanding on TA and all things financial instead of reading some of the negativity spread all across the internet.
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Please see my TA of ZEC as well!
https://steemit.com/zcash/@philakonecrypto/zcash-zec-jan-17-technical-analysis-the-bottom-is-near-long-term-target-usd1-190-for-280-gains
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Personally I am buying the dips currently, it did me well when I invested when the market tanked from 5200 to 2900 back in Late August/september. I wouldn't buy anything in one goes, buy it over few days as it might drop more.
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we kicked off our continued partnership with Extra Life, a most excellent charity gaming marathon benefiting Children’s Miracle Network Hospitals. Thanks to some wonderfully altruistic redditors, we’ve already raised over $40,000 towards our $250,000 goal!
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@dkmilon
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You sell your bitcoin at 9k and it heads to 40k, how crap will you feel.
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This dip is all because of the Korean Ban or supposed Ban as so to speak. Nice post
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I lost half the value of my blockfolio. 90% LTC. While my smart is showing good hike and resistance.
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Congratulations @cryptobobby, this post is the second most rewarded post (based on pending payouts) in the last 12 hours written by a Superuser account holder (accounts that hold between 1 and 10 Mega Vests). The total number of posts by Superuser account holders during this period was 1503 and the total pending payments to posts in this category was $17826.39. To see the full list of highest paid posts across all accounts categories, click here.
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Im buying like crazy ... I live for this kind of excitement :)
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Lets hope so, its a blood bath out there!
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Elliot Dalgası olabilir mi? ☑️💹
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Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @thejohalfiles valued at 362.53 SBD, based on the pending payout at the time the data was extracted.
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Awesome work! I`ve re-steemed!
All Steemians should support as much as they can
Thank you for your wonderful work 😊😊
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Excellent info as usual.
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a very good opportunity for us,good info
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Why is this still trending?
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for sure yes tomorow start up again and not stopp before 20k$ hit
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