The fears in Crypto currencies :Big Losses in Steem , Etherium , Bitcoin et al....
The instable nature of altcoins, and their various exchanges (Poloniex , Coinbase et al), was exposed today as all coins are in the red leading to loss in Billions of USD. Worringlly, last week, the price of Ethereum (ETH) fell from over $317 to touch a ‘spike-low’ of just $0.10, on the GDAX exchange due to an investors seeling huge amount of his investment in Etherium.
What caused todays free fall for all altcoins can be argued and shows the precarious nature of altcoins. However some big investors are taking advantage of the recent free fall, will you? Are most altcoins just a big financial scam?: shit coins!!!
This is a serious limitations with altcoins because of the volatility nature and its (sometimes) dependency on movements in the market, news and huge investors decisions.
Sourec: https://coinmarketcap.com/
Is it time to buy more steem and power up? I think so...I just paused this post and bought steem and powered up because I believe in this project... -win win strategy for all.
What do you think? will you take advantage of this free fall and buy more altcoins especially steem? or will you pack and run?send in your comments, Pls resteem, upvote and follow me.
Also read : Will Etherium Fail due to its Scaling Issue?
https://steemit.com/etherium/@charles1/will-etherium-fail-due-to-its-scaling-issue
wow ! Doesn't look good at all!! Im glad I sold some steem late yesterday at 2.40 ! been getting lucky lately ! But nows a great time to Buy Buy Buy !!! You will be glad you did when the price goes back to to 4.00 or more ! Buy low , sell high ! And good luck !👍👍👍
You are right, bougt some steem today too. Have been buying since price is low..sure that steem is undervalued and price wil rise by year end .
awesome great time to buy !! 👍👍👍
Great, buy and power up..Hiiyyyyyyyyyaaaaaaaaaaaaaaaaaa
Woot Woot!!👍👍👍
haha..wooooottttt woottiiittiioooo Hiyaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
Hahaha !😂😂😂
welcome...great lady
welcome and have a happy weekend
I agree the early adopters of steem will be fine considering its so cheap but when it rises in price we will hear the people say i wish i bought steem early alot of people will be complaining and will be kicking themselfs for a long time including myself if i dont obtain some steem soon lol
welcome
Cryptocurrency has always been very volatile. Whilst nobody can predict the future with certainty, this current sell off does appear to be a buying opportunity.
Please note, this isn't financial advice, just my humble opinion.
Upvoted, resteemed, and followed.
I agree. Good point.
I think the situation is not permanent and that the criptos will recover.
I upvoted you could you then upvote one of my posts :)
Point, I agree
When everything is red it means we can buy it on discount :)
Or we can publish more on steemit to earn a lot now that will be worth more when the steem rises again :)
Good point, Iagree.
This issue is worrying but do not lose your temper and take hasty decisions, thank you very much dear friend @ charles1 for this valuable information
You are welcome...time to power up
You are welcome my freind and keep up the good work
The volatility in cryptocurrency is much, but those who understand the market very well are making cool money. Good work. Keep it coming. Upvoted.
Good point, keep steeming
Your welcome
Keep steeming bro
yes. stee.mit is our life
okaay
Thanks for your comment, I agree.
Buying valley's, selling peaks. Let the volatility last forever!
Haha, good point. Time to buy isnt it?
I wouldn't say now is a good time to buy, its insanely volatile. It's an excellent time to buy if you want to trade though.
Good point.
Oh yeah now is the time to buy steem especially with your sbd. Very close in value to each other. Very close to 1:1.
Yes, I have been buying before price comes to normal
When values go down, I think of it as a great "sale!" Like finding great buys on a clearance rack.
Good point, I agree
Nice blog post and article. Pls check out mine too! thx
Thxs