📉 Bitcoin lost over 15% in just 6 hours 📉 What's next?
Hello Steemit friends,
7 hours ago i explained my doubts of the rocket-like increase of the price and the "soon-scenario" hit the stage now with a relatively big correction. It shows again how volatile this crypto market is. In the last 6 hours the market take a loss of 35-40 billion $!
What's next?
While writing you already see the turnaround in the chart below
For me that's just another chance to add to my holdings.
What do you think?
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I've become immune to what I feel is collusion amongst whales across exchanges to short the market and shake panic sellers out. It's such easy money for them it's highway robbery. It's the norm in my opinion for a while until the space becomes less emerging and more regulated, so playing the game is just holding for now and buying a little on some dips of the coins I'm still working on accumulating. I hate that people get shaken to make irrational decisions out of fear, but that's where experience and getting desensitized to the games pays off in the long run, both financially and emotionally. My last panic sell was in June of 2017 and life has been much better since I stopped caring.
Wonderful comment! It's wild west market yeah, i'm a buy and hold investor, but with cryptocurrencies i tested also trading because of curiosity to watch the fast transactions and to learn how it all works. And yes there were crazy situations in some ICO i stumbled over, where the price increased tenfold overnight.. and what someone is doing who sees the peak and and also the turning point in such situation, quite clear. But usually i'm just sitting and waiting and like corrections more then than too high prices. Thank you!
am also very worried about the growth i thinkwe will see a flash correction.
it already happend, but maybe we more downstairs til bottom. Thank you!
i like bitcoin...thanks
It's the pioneer of blockchain technology and created many other currencies to show the capabilities of applications. Thank you!
haha this is a fun ride, isn't it? As soon as it starts to fall, some group just pumps it back up. This really is the damndest thing. Like you said, just keep buying on the dips. Don't panic, have a plan in case the massive crash hits, and otherwise enjoy the roller coaster.
Thank bro, giving updation! you are giving wonderful and useful crypto news from time to time especially BTC.
it's helpful, i guess everyone should read this fine post so cool for everyone !!!
That was to be expected in that wild west in which the market for cryptocurrencies has become, especially Bitcoin. Too much speculation, where the most "strong" are the ones who earn the most with their high investments of swallow capital that they introduce and take when they want to provoke the ups and downs in the cryptocurrency
HODL on !!!