Why The Crypto Panc? Let’s Look At The Charts

in steemit •  8 years ago 

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Idk why people are panicking, it’s just a little blip in the radar. Especially when you zoom out 1 month, take a look

Bitcoin
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Nothing huge here with bitcoin, I’ve seen people ask when it’s going to bounce back ? I never thought it fell that hard, in fact if look at the chart you can barely see it .

Ethereum
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Looks like it’s retracing and possibly establishing a new floor. I expect it to fall a bit more but not much, it’s the most noticeable dip of the 3 coins

Steem
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Not noticeable, steem is just following bitcoins lead. We’ll see prices over $2 again 👍🏼

As a whole, if these charts show anything they show how strong bitcoin still is. Believe me cryptocurrency isn’t going anywhere anytime soon ! I look forward to your comments below👇🏼👇🏼👇🏼👇🏼

Thanks for reading !

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Bitcoin
12HSk5udCGPBmLsH8JkBc3nfA2vSgqLeYR

Ethereum
0x16d376fbf29b19f2f8e775cb59b3b068af03dad6

Ethereum Classic
0x4e5452b3187fca4014f1e7d86921841534d5785d

Litecoin
LiA2KcUCAt1y6pCxKzztvN9zqrhAn1i4sG

Dash
XqjiRN969gQnxcfsSFErJ5MmricKfKAts7

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You need to realise that as of right now investors are sceptical about putting more money into bitcoin as August 1 approaches fast. I believe the Crypto-soace as if right now is in a state of confusion over the uncertain future of the technology. This may and possibly will lead to more unstable and unpredictable price movement.


Another thing too, I've seen that whatever affects bitcoin, affects the whole crypto-space, seeing as how it it the de facto face if cryptocurrency international.


Hopefully thing will regulate back to o normal, but for now, BUY!! steem went below steem dollars today, if It falls any further, powering up is going to be an easy venture eh.

I understand, it seems like people are in a crossroads. I completely forgot about August 1st going to keep a close eye on the development of the situation. Thanks for the reminder!

I see it as a great time to invest in coins that one personally believes in because after August depending on how smooth the fork goes everything can potentially sky rocket as fast as they are falling. Plus it seems like every week we see this panic and then the next day or two things go up.

No problem buddy. Though I do winder how things will go from there, this split isn't going to beblike the etherium own, no DOS-attack panic is causing this. . . . .


Did someone say 1000 per bitcoin:)

Hey, im @user644 follow,comment, and upvote back thanks!