It seems like the market doesn't really want to move in any direction. It doesn't go up but doesn't really move down too much either. It's somehow stuck like many students during a math test...
While Bitcoin seems to be stuck around values of $8,000 USD we could witness the steem price to wander up and down within the $2-3 USD range at the same time. Those aren't any big movements but I guess some daytraders might just love these continuous up and downs.
Anyways I'm not really happy to see the market move sidewards as I'm for sure hoping for the next rally to happen as soon as anyhow possible xD But I've got told as a child already that you can't always have everything...
What's your feeling about the market?
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Some people would buy Bitcoin at 3000-4000, because of being so cheap. Some at 13 000, because it could be the beginning of a new uptrend. But if it stays in a channel between 5000 and 10 000, you can also make money buying low and selling higher, also. (But I would HODL the bigger part, of course.) IMHO
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It is clear most investors are just waiting until a big movement happens. This can be seen as both; fear to buy as the market can still go down, or we have hit bottom as there is no more selling.
What is clear is that more and more institutional money is ready to jump in, and once the first movement happens, the rest will follow and that will be the catalyzer of private retail investors.
We are just on the previous days of a bull run.
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I personally as well think that many old fashioned investors don't really trust the new platforms they'd have to use to buy cryptocurrency. Just imagine your bank or broker would sell them, I guess that'd really kick the market into new highs at least as long as they offer real tokens and no paper...
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I truly believed that most decentralized platform would be involved in the pawnshop businesses butfail to see any clear enthusiasm ! this is disturbing to me ! pawn shops and pawnsy skeem are fine lines when cross actions are taken ! so why aren't mobs joining in on the fun !
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Wow amazing content that informative and initiative.thanks @steembusiness
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Tomorrow btc will reach to 8k
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I am waiting for the market to go up everyday since March, I am very happy to see if it's green then suddenly it will comeback to red.
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The decline since march isn't really a big one. At least not if you're in crypto since last year already.
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You're right, this is the first week I ever saw that Bitcoin moved within a $300 price range,less than 5% mutation of the total price. Most likely it is all much more volatile then ordinary stocks.
I didn't check Steem. But if it really moved between $2-3 you can't call that small. That's up to 50% price increase and 30% decrease.
I think we can be pretty certain this won't last very long. We only need one more very bad news and the the price goes....
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Well for cryptocurrency 50% & 30% are still considered small movements in the cryptosphere. Sure they are massive for traditional investors but not on this market where you get 5-10% swings almost daily.
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We see a fluctuation every now and then, a useful read. Following you to stay tuned for more.
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I have wonder for some time why the market refuse to move, its not really encouraging as Most platform and projects are stock around it.
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Honestly I don’t really care when we run. The longer we are in a bear market the stronger bull market we’ll be in and on top of that it’ll give people more time to collect coins/tokens.
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