Dear Diary: Get Ready For Another Cryptocurrency Price Climb
The cryptocurrency world is like a bunch of banana fiber and given to a gang of monkeys, you couldn't determine if it would go up or down with its price with certainty. But right now there is a lot of cryptocurrency on sale and that includes steem among other, they are highly correlated to BTC with their prices.
^he latest price fall is because of the FUD about some bank owners like Goldman-Sachs ditching support for Bitcoin or what not. These people already know how the market works so you can tell it if you really is keen on small details. So these big people in the markets buys at the lows, then inflate the prices up with their many mechanisms including some good news and then they dump it all out, take their gains out and then telling everyone about some bad news, the FUD and the cycle goes on and on.
So I am telling everyone who are not so sure about how to effectively trade, just read the charts that is all. Do not listen to someone big who tells you to buy, chances are they already bought at the lows and just making you a instrument to make the prices go higher so they can dump just like what I said above.
But then again always do the golden rule at trading, and that is to never sell at a loss. Holding is better than anything especially if your positions are inside the histogram of the prices, just be patient, get informed by your own research and understanding, read the charts, and do not invest all your money in cryptos.
This is so true. The name Goldman Sachs makes me cringe every time I hear it. They are criminals in my opinion. But they are useful in some ways, I suppose. When they give bad news, wait a few days and buy. When they give good news, wait a few days and sell.
GS are huge market manipulators for their own benefit.
Yes Sir @nuthman and we all at the bottom should just be more informed so we do not get snared by their cunning market manipulations because the game really is rigged.
Very sound advice. You only need to study the crypto market for a few months to see that there are clearly many investors who don't have a clue about what they're buying, but just throw money at it whenever Bitcoin has a surge. With Steemit you can make your money work for you instead of just relying on buying and selling.
Yeah looks like it's time to go shopping again!
You are right you can not sell to losses, you can not let be guided by despair.
So you've gone shopping??
Already did Ma'am
Source
wow that's a lot of steem kuya!
Yes there is no surety of ups and downs in the bitcoin one may suffer loss on the other hand gains thankx for the information
I am very small of the steemit chain but I did need the reassurance that this will all be worth it. Thanks for the good advice, I think ill go down with the ship if it goes down. I don't have much in it anyway yet.
Fantastic and extraordinary work with this one. Nice presentation! Glad to peer you posting again. Thank you for the updates.