Bitcoin and Crypto Talk & market Update- 14.05.2019
Hi Everyone,
Now a days Bitcoin price seem to be in good mood as its going high and high. It has gone up by 43% in last one week time and this is amazing.
Here I have taken snapshot of top 5 coins from @coingecko website and you can see tremendous growth in price within 24 hours and 7 days. XRP and EOS only have two red boxes and that too under 1 hour else these two have also grown significantly. All theses coins have recorded growth of 22 to 43% approx in terms of price rise.
If we talk about only bitcoin for 1 week movement then see this graph. It clearly shows that on 7th May Price was less than 6000 USD and now today its over $8200.
There is saying that "Patience is the key to success" and it completely applies here because we have been waiting to see bitcoin at the price level. Since last 6 months (from Nov'18 to April month) crypto prices were way down. I heard many people saying that crypto is dead and it will become zero. This is not the first time its happening and same kind of market patterns happened multiple times previously.
Those who are in crypto world since long they know when to start and when to hold much better.
Obviously this is not those who wants quick money because in that case there are high chances to loose. The best way is to make money here - invest in nice coins who looks promising as per your research and hold them for sometime. Do your own research and then invest and of course invest the amount that you are even ready to loose because this market is highly volatile and it can go either way. Never ever invest unless doing your own research and then give it sometime however keeping an eye on the portfolio is good idea.
I personally don't know anything which can this kind of profit like if you go to bank for investment then you will get 7-8% per year.
Please don't consider my views in this post as financial advice and invest only upon your own research
I have been using https://www.coingecko.com/en since last couple of month instead of coinmarketcap website. I liked it very much as compare to CMC web portal. This website is very much user friendly, fast and provides various information. Its worth giving a try and I hope you will like it.
@coingecko is also available on Android, iOS app and chrome browser extension.
Have a nice & profitable crypto trading.
Thank you so much.
Follow: @alokkumar121
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