What Are YOU Trading Today, & WHY? | E.47 | A Community Based Engagement Resource for Everyone! Aug. 31st - 2017 Basic Crypto Market Stats/Charts Overview for Newer Crypto Family! | Market Cap recovery support climbs again: $172B = + $30B / 10 days!

in #cryptocurrency7 years ago (edited)

Today I'm continuing this series, hoping people will read, engage, respond, help each other etc.

I will do this a couple times a week so people see it is a regular series and place they can always come to and refer to the resource.


The markets have been bleeding RED for a lot of the last ~80 days!

The last 30 days have been great times! -- essentially since the August 1st Bitcoin Hardfork Day, when everything just picked up the afternoon the Bitcoin Fork happened.

  • We went back over the $100B Crypto market cap just in the last 30 days or so and stayed there and rose steadily and quickly -- buoyed by the Hard Fork / The Forkening of the Bitcoin on Aug. 1st...... into the Bitcoin Cash. Symbol -- $BCH

We hit our market cap low point on July 16th around 8 am EST -- seeing the bottom around the $63B mark.

We are now sitting at $172B and it is easy to track in my various update series' --- we have gained $30B of market cap in the last 10 days.

The history of June/July leading up to where we are now, is in the 2nd half of this post.


90 Day Market Cap chart for TOTAL Crypto Market/ All Coins (CoinMarketCap.com)

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30 day Chart " " :

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TODAY: $172B MARKET CAP

That's up $17B in 5 days. Up $30B / 10 days! The last week has been all up!!


Please share what you are BUYING or SELLING -- and why???

Pls. skip to the end if you want to reply, keep reading for the charts and recent history in this series.



The Recent History Leading to Now:


It's definitely been a rough ride again realistically a lot of the last ~100 days, lately- but recovering well and then some the last 30 days!!!

Since the June 20th Market Cap ATH of $117B, it has been down...... then up a bit.... then down again. Then up....wait.....nope - then down again then back up..... LOL!

The last 30 days since the Aug. 1st Bitcoin Forkening has been a rocket straight up for the most part.... though as those charts show.


Recent History Leading Us to Today:


~40 days ago when I did my update here on this we were recovering big time....... still depressed but slow recovery at $74B market cap and as high in recovery as $96B.

~35 days ago on my update here - we were at $89B. But we had not crossed the August 1st Bitcoin forkening date!!! And then...

~28 days ago here on my update we had finally crossed back into the $100B market cap range -- that day sitting at $102B when my update here was posted.

The Bitcoin fork day on August 1st changed everything in a lot of ways in the market -- and that was 30 days ago now and apart from some red / corrections in the market here and there -- we have not looked back and the bull market has been charging ahead ---

--Look at the market cap gains daily since 8/1 - Today now at $172B

That's ~$72B gained since August 1st (30 days ago)

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My last updates on this in descending order (newest to oldest)

https://steemit.com/bitcoin/@barrydutton/what-are-you-trading-today-and-why-or-e-46-or-a-community-based-engagement-resource-for-everyone-aug-26th-2017-basic-crypto

https://steemit.com/bitcoin/@barrydutton/what-are-you-trading-today-and-why-or-e-45-or-a-community-based-engagement-resource-for-everyone-aug-21st-2017-basic-crypto


It has been a fight!! But we love our Crypto!!!

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We have been been hovering around a depressed $90-94B Market Cap MOST of the last 95 days and as stated above, really since the market dumped right after the June 20th $117B ATH market cap.

The lowest points since the first week of June after months of sustained upward growth and news. We have had 3 dumpenings down to this range:


BITCOIN: The Forkening......

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..... has now come and gone (August 1st 2017 Fork date)

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That was playing havoc with the markets, we know this.

-- There is a lot of jostling going on still now, 30 days post Forkening for this one reason alone, adding the extra volatility to the markets.


Like the last few weeks when I updated this series.... or my other series on the markets..... the markets gained some similar recovery for a day and then crashed again.... what are we going to see the next 24 hours - 72 hours??????

We have been in steady bull uptrend the last week as I mentioned above.

-- Never a dull day in Crypto LOL.

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Markets Previously Topped out June 20th / 10 pm EST at $116B:

-- with that day being the previous ATH ( All Time High )

I refer to history often, and charts - as a reminder of perspective & balanced trading perspective.

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You can see the weeks of that proof here in this chart where we topped out at $116.5B on June 20th around 10 pm EST / 6 pm EST. I have shared this chart a few times now:


Please share your Trading Notes and Questions here in this post, to teach/engage/chat with others!

Consider Resteeming this post to get others involved.



COMMUNITY ENGAGEMENT!!!



I am really enjoying doing this series long term, seeing the feedback and questions. I love it (:

COMMUNITY ENGAGEMENT!!!


There are a lot of good people on here who know what they are doing and we can build a solid resource here a couple times a week with all the community and you can check in here on my page a couple times a week and see the latest.

People can ask questions, share their wisdom and failures, and my hope is simple really :



Thanks for reading, have a nice day.



If you liked this blog post - please Resteem it and share good content with others!

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Some of my recent blogs:

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https://steemit.com/bitcoin/@barrydutton/moonshot-continues-bitcoin-in-canada-smashes-past-usd5926-mark-high-or-usd-4629-usd-high-or-usd168b-crypto-market-cap-16b-gains

https://steemit.com/cryptocurrency/@barrydutton/breaking-update-shapeshift-online-wallet-and-exchange-leaving-the-state-of-washington-due-to-continued-government-over-reach

https://steemit.com/life/@barrydutton/daily-digital-detox-a-steemit-community-life-series-and-reminder-or-e-36-or-intentionally-regularly-unplugging-my-quick

https://steemit.com/cryptocurrency/@barrydutton/crypto-101-litecoin-overview-and-resources-basics-you-need-to-know-or-new-crypto-family-arriving-daily-total-coins-next-block

https://steemit.com/life/@barrydutton/travel-with-barry-e-3-the-western-canada-roadtrip-continues-or-sunsets-and-mountain-ranges-transitioning-into-bc-british

Stock Images in most cases unless noted: via Giphy.com , Funny or Die.com / Pixabay.

If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.

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LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE

Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477

Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c

Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX

DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS

PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh

Expanse (EXP) - 0x819b9cce8630ab638198eabfd7496786c20d629a

Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff

Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv

Synereo (AMP) - 1KnrL6wFHaT4gjJ2YJ5f6WmKTDJNsaBS8s

ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL



Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.

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Bought some Neo and it fall down to low. Thinking to sell at loss or to hold. Any suggestion @barrydutton ?

HODL!
NEO was $50+ at one point it will go to ETH highs one day :) You might have to hold for a year but it will get there dude.

@hotsauceislethal that's convincing. I'll try but this feeling like a FOMO. Every one behind LTC and OMG. I'll try to divide and diversify the portfolio.
Thanks for suggestion friend.

Nice!
I like your work keep it up
I follow you now you follow me and upvote let's work together!

Get yourself some ByteBall dude. Free money!!!

I'm in love in a post of you :)

I wish i had the brain to learn about crypto and bitcoins. Haha

Its super easy. Bitcoin is DIGITAL GOLD

Invest now and hold for ten years. It will be HUGE one day.

Sounds really simple. Thanks!

You will be fine. You are exposed to a lot of it here -- it will rub off on you, but if you put in a bit of work each day to read some and watch videos, you will learn super quickly!!!

Be encouraged sister.

Ill watch some youtube videos about it later on my free time. 😊 thanks

Besides another and saw ferrars limited ten say unknown. On at tolerably depending do perceived.

Nice post. Resteemed.

Thankyou for information @barrydutton. . I like your post

I bought some neo, and tenx, and most of all some verge xvg...Is it goin up?
I got a position open on xrp on poloniex....hope to get rid of it. Can we make it till 5700 satoshis?
Nice post. keep up the good job.

I am holding so many different coins but these are the ones I'm actively trading:

  • ETH (gonna shoot to about 0.1BTC where it used to be)
  • ZEC (trails behind ETH)
  • EOS (great long term hold super cheap the past week)
  • OMG (still has a lot of room to grow)
  • XRP (great news around the corner)
  • IOTA (still undervalued considering its novelty)

The rest of my portfolio is in a long term hold situation:

  • NEO (so much potential, cheap from Chinese ICO news)
  • ADX (very new and low price lately)
  • SNT (amazingly cheap at 5 cents or less)
  • BTS (still cheap under 15 cents)
  • SC (tons of developments coming out in a few months)
  • SNC (new and novel idea)
  • BCN (was super cheap at 30sat when I bought in)
  • DBIX (first coin to have a programming language in Arabic)

and a bunch of other scraps of coins here and there.

As long as BTC doesn't have a sharp correction the alt-coin markets will continue to grow for a while :)

Coin Marketplace

STEEM 0.30
TRX 0.12
JST 0.032
BTC 61660.23
ETH 3056.45
USDT 1.00
SBD 3.82