Taking the time to see what is happening here
Sure this cryptocrash gives us pain. Is it making me happy seeing my investments drop buy the minute? No, it does not. Do I need to care that much and keep looking at my wallets going down? Let’s take a look at this:
BTC price 3 months ago; $1157,40
BTC price now; $2314,83
BTC downtrend 2014
What happened to Bitcoin last months, and what happened to Bitcoin a few years back? I watched both the price graphs and as you can see there are some similarities between the crash back in January 2014.
Bellow you can see the stats of Litecoin, Etherium and Dash.
Litecoin, from 12 April 2017 to 12 July 2017
Etherium, from 12 April 2017 to 12 July 2017
Dash, from 12 April 2017 to 12 July 2017
What can we make out of this?
- All coins went up massively last 3 months. Bitcoin came from $ 1100, kissing the $3000 dollar mark a few weeks ago. This is an increase of 180% in 3 months!
- Etherium went up from $ 43 at 12 april 2017 up to $200 dollar today, in the meanwhile touching the $400 marker.
- Dash; 12 april 2017 was a t a price of $60, now at $160 with a high of $222 just one week ago
- Litecoin Grew from $9 to $45 today
This means, if you had bought 1 Bitcoin, 1 Dash, 1 Etherium and 1 Litecoin exactly three months ago you invested $1212, which is worth this exact moment a stunning $2734,05!!
Not bad investment right? Sure, everything is going down at the moment, but still, if you got in 3 months ago, with just $1200 dollar, you earned $500 each month!
It is not an investment advice, but there is what I will do the coming days;
Based on my previous experience in a decreasing market, one of my biggest mistakes in my cryptohistory, which you can read here, made me realise; “I will not make that same mistake again!” This time, I will keep a close look at the market and instead of selling, I will be buying the coming days. I will buy as many as a can, as I trust the market to get itself together, stand up straight, and move forward!
I will put in some of my ideas on a few different altcoins, what they are, If I think they are in for short or long term, and without giving an investment advice, if I am buying these altcoins myself.
Want to start cloudmining? Use my Genisis Mining code: EHLNrP
This post received a 4.6% upvote from @randowhale thanks to @gindor! For more information, click here!
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Yesterday was a great day for longterm investors. Two cryptocurrency pylons ( Bitcoin, Ethereum) are experiencing drastic changes in core protocol or social attack and uncertanty of protocol capacity for DAPPS which is the main selling point of Ethereum. Since this two protocols are foundation they will make crypto market even more unstable and unpredictable in next few months. To finish my point. Buy now, diversify, avoid ICO's, choose your coins carefully.
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Time to buy more before they continue to go up.
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Gindor from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. 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 like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.
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This post has received a 3.45 % upvote from @booster thanks to: @gindor.
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