Crypto currency COLLAPSE day... Withdraw, withdraw... or not?
Waking up this morning, I immediately noticed it... All the crypto currencies had gone down 10-20%... And now they are continuing. The only one to gain price in the top 10 on the coin market cap is Ethereum. Actually 5% increase is not a small pace.
So should we withdraw? Sell our coins? This is a bit frightening. Bitcoin going down by 10% to as little as 13,500$...
Ripple shrinks to 1,7$... From all time high 3$ and more, just a couple of days back (doses this make almost 50%?!?!?)
Gridcoin fall down to 0,165$, being almost 2,2$ yesterday.
We will read a lot of articles... About "the baloon effect" of the currencies. Yup... maybe it's true to some extent, but I say no!
The 2017 had seen similar days, weeks... But crypto is powerful and has a lot to show us.
Will I sell? NO!!! Of course not... It's the perfect time to buy though!
Crypto currencies will see their vast blooming very soon! I bet in a week or so they will gain what they had lost today.
Invest smartly and keep it calm!
it happens a lot when big whales dump their coins on exchanges.. it's not a time to panic but to buy more and hold
someone must want to buy coins from whales, so they could sell
whales could just dump the coins on some exchange
whales must create demand in the market
when the price goes up people want to spend their profits.. it's not like somebody invests their money and keep that money invested forever.. that's why price falls...
Demand has pushed the price up to 8 STEEM /USD last week. Whales are currently cashing out.