State of the markets!

in #bitcoin3 years ago

Again we see that we are not free from the bears just yet!. The markets are dumping!


Source: Coinmarketcap, (2018)

For somebody who has practically sat out of the market for the last few months with minimal investments, I am still not worried! This is just a retracement of last years price action still playing through. Traders will call this the "emotional cycle" etc..., we still have not found that area of support required to continue up, obviously!. We can all speculate on when we think we are going to "moon" or "fall" but the truth is nobody knows, if we did we would all be rich!

Do not let this draw you away from the amazing work going on behind the scenes in many of the projects out there. There are boundaries being pushed every day on the blockchain technology front. I personally enjoy reviewing these projects and keeping up to date on them, which I need to do more of soon!

I just want to say steer clear of investing if this is getting you down, traders are making money on the backs of emotional "traders". Maybe invest time in research and be prepared for the next "real Bullrun", whenever that decides to happen.

What are your thoughts on it if any?

Sort:  

Buen aporte, y creo que lo que dices es cierto. No es buen momento para comprar. Los que quieran invertir deberian de esperar a que los osos se cansen y los toros empiecen a empujar, y creo que para la segunda semana de diciembre puede que se dé este hecho( pero es solo especulación). De todas formas yo por mi parte iré investingando y analizando para informar y así poder ayudar desde mi humilde creencia.

Gracias por su respuesta, creo que este es un último empujón de los osos. El dinero nuevo no entrará en este mercado por un tiempo hasta que se obtenga cierta confianza en el mercado. Estaré promediando mis compras antes de Navidad. No creo que el mercado alcista regrese hasta el próximo año, hasta que el sentimiento del mercado cambie. Disculpas por mi mal español!

My thoughts are I wish I had some spare fiat lying around to partake in the sale!

Nice time to pick up some value I must say! But be careful

Congratulations @cryptoguru1! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made more than 500 upvotes. Your next target is to reach 600 upvotes.

Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:

Meet the Steemians Contest - Special attendees revealed
Meet the Steemians Contest - Intermediate results

Support SteemitBoard's project! Vote for its witness and get one more award!

Keep on moving!