Once again, there’s blood on the streets:
Image source: coinmarketcap.com
Update: here’s the latest video from @crypt0 that tries to make sense of what just happened with the market:
ANOTHER CRYPTOMARKET CRASH – WHAT’S GOING ON??
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There will always be ups and downs in the market. Unless you need the Steems now, it is just 'paper' lost. Maybe you can accumulate more Steems when it is down, and sell when it is up. :-)
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Agreed! I am buying now as the price drop but periodically..... it's ok. I've been buying stocks for twenty years and it good to have a down swing. Take advantage but no more than you can stand to lose.
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It’s a good advice, I agree with you.
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$30 mln worth oh crypto has been stolen from Bithumb this week, I suppose this crypto just hit the markets providing extra high supply which the demant is not able to meet.
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Thank you, @silent-ghost. This is as good an explanation as any.
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I'd say that bitcoin futures are anticipating a lower price. If you're looking for bears, go here:
Source: http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_globex.html
Notice the trend in futures: a slow drift down. Seems to me like the banks are printing money to buy up futures contracts and drive the price down.
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This makes sense. Thank you for your explanation!
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i hven't been able to log into coinbase to buy more... will have to try from home
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It happens every time the market drops. Coinbase cannot handle the additional load on their servers.
By the way, it’s been a while, @clumsysilverdad! Good to see you, mate! ;)
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ty ... yeah i was thinking it was a crash type situation
peace
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I now feel 'close" to putting out a buy..you've seen my reports..(and thanks for support). Many feel this has been a manipulated 'job'..I'm not sure..could be. I need to see a bit better sentiment before saying BUY...(but stay strong..no selling !)
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It's simple. Cryptocurrency fell off the wagon and into a grinder hehe.
I hope you are doing well. Stay strong!
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I’m doing my best, thank you. Lately I’ve been struggling to stay positive for some reason. I’m dragging myself through the day, day after day, but not feeling much joy in my life at the moment. :-/
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Times like this you just need to go out and build or help build something. Now is a great time to get ahead of others here. Far to many are off unhappy not doing anything.
While they where off doing that. I've been a busy cat. All I have is my time and I've been spending a lot of that lately. I see a wonderful future because I'm trying to shape it that way!
Cheer up and find something to get involved in!
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Thank you for the advice, @enjar! I’m trying to find something to feel excited about. It’s just hard to stay focused and not get distracted and side-tracked.
Happy to read you’ve been busy and positive!! thumbs up
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Sometimes opportunity just falls in your lap you just got be the one to do something about it.
A couple months back I made a gaming post. A group upvoted it and left a little message saying who they were with a discord link. Quite a few people never join there discord. I wanting to find community again that might enjoy my content so I went for it.
3 days ago I rolled this post out highlighting our members and some of the great posts they are creating.
https://steemit.com/curation/@enjar/archdruid-gaming-author-showcase-issue-1
It’s shocking what one small choice lead to. Even then it was up to me to do something with it. Sometimes you just got to be the one trying do things. Even if it fails. People still take note.
Some people there still say "you are" I been saying for a while "we are." I hope you find somewhere here that appreciates you for the amazing person you are.
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