Today the cryptocurrency market cap dropped $5 billion to about $110 billion. Most cryptos came crashing down like a rock except a few including Litecoin...
I don't like to speculate and make predictions because it's not my profession and it's somewhat irresponsible. However, I know the markets well and I have to say, this is incredibly healthy and I'm rather glad it's happening! I'll quickly show some of the coins I've been following below.
Ethereum's at $363:
Bitcoin's at a stunning $2509:
Golem's at $0.509:
Litecoin's up nearly 1% at $30.60:
And the one and only STEEM is at a solid $2.00 following its peak at about $2.80 earlier this week:
When the markets take a breather, especially when we're talking about decentralized markets based on individual free market demand, we know that it's a good time to buy. That's my opinion anyways.
I do have to wonder however, where did that $5 billion go? Who held it? The markets weren't exactly peaking when it dropped as one would expect.
This is the second bloodbath in the last week and a half following the late May correction. Looking at the prevailing rallies we've seen, I'm optimistic and looking forward to the future!
Thanks for reading and don't forget to Upvote & Follow! :)
If you like what I do, you can donate to my Bitcoin and Ethereum address below!
Bitcoin:
Ethereum:
Totally agree thay we've needed this correction. Red = flash sale get it while its hot. People without plans going into crypto are like people without life jackets on a sinking ship. Now is the time to make smart moves to profit from. Strong hands and cool heads will prevail.
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Very clever words. I 100% agree
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Thanks! Very much appreciated, hard truth and reality to this game. Weak hands WILL get shaken out!
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Thank you. Followed.
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Thank you, followed back! :)
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These are healthy for crypto, the long term trend is still up so this gives us a buying opportunity. This is just a guess, but the Fed raising the interest rate 0.25% may have put confidence into the market and pulled some of the money away from crypto and into the manipulated stock market.
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Seems highly related to the Bitmain announcement.
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I am just chilling, thinking I guess I will have to downgrade from Stella Artois to Heineken this week. Next step Panama national beers.
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LOL Precisely. Well Jeff is starting to buy up now so I'll probably follow suit. The thing is, I keep buying where I think the floor is only to see it fall further and lose a few thousand. haha
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I sold all my cryptocurrency yesterday
I'll buy back later
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What on Earth did you do that for? lol
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Just for fun :)))
I always do that before any type of. Or in case of bitcoin hardfork I'll be back after 1st of August
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If we look at historic data it's easy to guess that this Fall is not bad! For Bitcoin investors, yes it might be. Definitely not for others. Ethereum was around $260 on June 7th and now it's still almost $350. $100 overall growth within a week is not a bad sign :)
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great job, :)
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