Things to do during this crypto market crash
There were several reasons for the surge in the crypto market:
- Increasing number of global investors
- Japan's announcement of making Bitcoin a legal tender
- Bitcoin Futures announcement by Cboe Global Markets and many more
The recent graph shows a different picture of the cypro market and here are some reasons:
- Most of the investors made their investments without learning about blockchain technology just to make some quick money. (most of them successfully did so)
- The government of certain countries, mainly: China, South Korea and India are continuously putting statements against crypto-currencies.
- Let's consider the Chinese New Year as well
Considering the design of crypto-currencies lets call it a digital-phoenix and here is what we should do now:
1. Use the mantra of Rothschild : Buy when there is blood in the streets
2. HODL
3. Wait till other countries follow the Japs
4. HODL till more use cases occur globally and SPEND wisely
Image credits: Screenshot from Coinmarketcap
Gifs from GIPHY
Hey Nice to meet you here as well :) Don't worry about a thing...All will be back to normal as soon as the Chinese stopped shopping :)
Nice to meet you too @mammasitaa
The next surge will land on moon for sure :)
Steem On!!
Price has been dropping like crazy! Is the crypto market crashing today or is it just a market dip? While we are not quite in a cryptocurrency market crash today the crypto market is in a correction. Here are the top crypto investments that always perform well and make huge gains in a cryptocurrency bear market.
I go through the 2017 and 2018 data and show you why these are the best performing coins to invest in on the cryptocurrency market for 2017 and 2018
Guys the Cryptocurrency veterans have insisted that I put out the word here that this market correction is an annual event with the Lunar New Year in China. Every year around this time there is a cryptocurrency sell off where our Asian bros take profit to travel and celebrate the holiday. If you can hang tight until February based on historical data, there should be a recovery and another run.
We can only wait and see either this event will go on negative or positive.
Positive if 1 BTC > $ 20K
Negative if 1 BTC falls even below the current price
Though its too early to say this but Bitcoin is always Stable if you think 1 BTC = 1 BTC and the same goes with other legit cryptos
hi @rishi2184... yr animated footer is ready here...
https://steemit.com/steemit/@rituparnaghosh/steemit-footers-giveaway-delivery