In a Market there are still things that can up, just like in a Bull market there are still things that go down. But lately everything is moving the same. Dow up, gold up , cyrptos up. Dow down, gold down, cyrptos down.
Even just months ago, Bitcoin would go up and all the Alt Coins would go down. Bitcoin would go down, money would move into the Alt Coins. So what changed. Why is everyone going to dollar bills.
My initial reaction is, that everyone is way the heck up on any type of investment right now, except precious metals, and just a standard profit taking dip. With high frequency trading these moves can tend to get over exaggerated. But that is what I am hoping at least. Since I have not made the move to dollars yet:)
Thank you for posting @bigram13.
Yes....strong hands are hodling.
Wishing you and the good lady all the best.
Cheers.
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I only wish I had more cash to invest :(
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I feel that is all of us.
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Every thing are moving same direction you are write
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good
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Right on scheduled. I like that bear. Great post. Earn some more STEEM.
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I am very depressed in this situation.SBD vs USD rate is very low.What can I do?I feel some confused.
Thanks.
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It was at a dollar for a long time.
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Ya... and summore sbd is lower than steem....
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any good contrarian sees this as a great time to get out of dollars!
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ya but you need to make it into the right asset.
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Don't panic when crypto at dip and don't sell. Hodl is the best option don't sell at losses.
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Whenever anything as such happens, I shift to steemit and start writing stuff instead of thinking why things are happening, i find an excuse to write !!
So I still make some money, this way or that ! Hehehe
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I also haven't made the move to dollars yet, I have strong faith things will increase in the near future. While we are in a very strong bear market, we still have great opportunities for growth based on news coming in the next few days. We've seen stocks experience their worst week in the past two years last week, I'm excited to see what happens come tomorrow. Thanks for the insights!
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Ahh, Ya, 1500 point down day. Still Excited?
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Bitcoin cost quickly dips under $9,000 per coin on Thursday evening. It bobbed back a little, however stayed over 10% lower on the day. Late falls are to a great extent down to showcase fears after reports that cryptographic money trades Bitfinex and Tether being subpoenaed by US controllers in December
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Ya I hope that Tether thing is not a huge deal, but some of the exchanges just came out and said they would back all the money in it.
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The gold market and the virtual money market seem to be relative,
The price of gold will rise but the virtual currency will fall.
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@bigram13 👍
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The crypto world is in a state of panic right now because the expectation seemed to be that the crazy upshot that happened throughout late December and early January was just going to continue. That was a massive increase that could not be sustained. To top it off, I believe that a large contributor to that growth was new and potentially skittish investors who heard about the crypto craze and bought in assuming it was easy money. A few dips and all of a sudden the fear mongers are pulling out and running away. Things will settle soon and slow growth will return. Just HODL and all will work out. I hope!!!
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This could be the big one. Great post
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Keep up the good work, you always have wise analysis.
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every one of us have stepped back to retreat, because every we have step there must be its goal, learn from to fail karna to gagala it will make us success, good luck @bigram13
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It’s amazing how people can hold when the price rises out of greed- hoping that it will rise more.
But the second the price drops, panic selling manifests like a clingy girlfriend.
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That is human nature, I find myself thinking the same things sometimes.
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