If you read anything of what I posted, don't panic about the falling prices. There is high volatility and whether it is days or months, they will go back up. Remember, buy low, sell high (if you are trading), otherwise HOLD!
Below is a graph of what I believe will happen, otherwise known as crocodile teeth. This basically means that there will be sharp spikes up and down, but an upward trend. Hold on for the ride!
If you liked this post feel free to "Resteem" this post and follow me at "https://steemit.com/@cryptowallet"
🍒 I believe you are right, I've observed that crypto market is very volatile, but thanks to Japan, China and Korea trusting certain cryptos, I would expect things to go up. So far, for me, it has been a fun ride :D
As for the "crocodile teeth" tendency, you can call me "Crocodile Dundee" ;)
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I think your being very level headed. Don't be surprised, we are just entering an uncharted land of economics. Things will get so emotional, all things will swing from one side to another, Uncharted Volatility, you have never seen before. The stock market will look like a scam when people will wake up. eheh :)
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All the NEW money bought out the long term holders. That gave longer term holders time, not only to drive up the price but to dump large amounts of btc and alt coins on the market at a PROFIT! Now the new money is going to sell and try and brake even. While the Long Term players are sitting on the sideline buying coins on the cheap. That would be ME!
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interesting chart ty
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nice article.. Follow :)
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Great information, a lot of people must have exhaled in relief after reading this.
@victorvazco upvote,resteem,follow You're awesome!
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resteem and upvote for your post....
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re-steemed because I think this is important!
In this current market if your coins are red, just be patient or downright stubborn, hold to zero before you willingly sell at a loss and you will almost always end up profiting in a short time.
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Todays drop is just a tiny blip compared to the new $ that are about to hit the market like a tidal wave!
After non stop 20+% gains for almost all crypto over the past few days, this small correction had to come..
Marketcap will be $100 billion in a matter of days.
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I agree certain popular people in the Steemit community are are causing a panic we are just in the baby stages of this. People don't even know about alt coins yet.
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HaHa! I'm new to all this so.................buying and holding sounds like the right fit for me!
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Stay thirsty my friends! Buy buy buy...
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Agreed in terms of Bitcoin for sure, there must be a lot of people waiting for their exchange accounts to be verified at the moment, should be many more buyers entering the space.
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Analysis is good. Upvoted
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I think at this point its just better to buy bitcoins themselves. That way you don't lose out if it crashes at any point and you panic-out, you just lose value for a while. a couple of weeks ago I idly bought 50 GBP of bitcoin and left it in my wallet for a while, now it's worth 130GBP... wish i bought more...sigh.
So I'm gonna get more and just let it sit. Much safer
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Cyptos will go down when related to BTC, their dollar amount doesn't really change. when large spikes in BTC, you will see large spikes in Cyrpto, buy the ones you believe in for a low price. Just let everything settle in.
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I think we better get used to these types of corrections. Bull markets always attempt to buck off the most riders!
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This post has been ranked within the top 10 most undervalued posts in the first half of May 26. We estimate that this post is undervalued by $29.10 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: May 26 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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I was happy when market was back up to $85 billion last night... sigh... wake up to this again. Oh well!
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I still feel the pattern im using shows 10k $ = 1 BTC by dec 2017 if im off its not by much and could be +/- 1k
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