In this report I cover the action in bitcoin and crypto currencies on Saturday, May 27th, 2017 as bitcoin drops back below $2000 after trading as high as $2800 earlier this week.
The amount of the population yet to get involved will ensure a rising tide is never far away. Here in Ireland, little or no one has got involved yet. Some of the stranger stats is that its 97% male and 45% 25-34 year olds. Not sure why females are not involved. Agree its not a store of wealth. I see a lot of wild variations so I've opted to use autotraders so I can get some sleep!
We live in a world of information overload. I must say , it was a little daunting when I started out with it and I think I made 2 silly mistakes in the first 2 to 3 days that nearly cost me a lot of money.. The ICO's could destroy the environment as there will be a lot of scams in this area and without regulation it will get worse before it gets better.
IMHO, it all is just a regular, expected & logical correction, easy seen by simple TA lines.
The next support level, where , I hope it can catch a new bottom, is around $1600
Where I really would probably start to worry - if it goes significantly below $900, and stays there for long time (6-12 month)
So stay calm. And keep your funds for a more cheap buys :)
There is time to buy, when blood is on the streets. And looks it is now...
Interesting video.
I consider there will be a lot of volatility in the cryptocurrency market in the coming days/weeks. I think the altcoins are in bubble territory, and the price will drop much further.
However in the long term I am bullish in bitcoin and in the major altcoins.
This market reminds me the dot-com era.
Just before the correction about an article about it, titled dot-com déjà vu.
Here is the link: https://steemit.com/bitcoin/@nenio/dot-com-daja-vu
This post has been ranked within the top 80 most undervalued posts in the second half of May 27. We estimate that this post is undervalued by $17.01 as compared to a scenario in which every voter had an equal say.
Thanks for yet another excellent video maneco64! I watch you all the time on Youtube but since everyone is moving across to Steemit, here I am! Anyway, as you say cryptocurrencies are in for a wild ride. I can't wait to get my hands on Clif High's new crypto report to see what may be coming up. All in all, it is a very exciting time in cryptocurrency, there are so many opportunities.
Keep calm and Steem on.
When you understand Bitcoin you realise it has a great future regardless of what is happening now.
I agree with you 100%.
The amount of the population yet to get involved will ensure a rising tide is never far away. Here in Ireland, little or no one has got involved yet. Some of the stranger stats is that its 97% male and 45% 25-34 year olds. Not sure why females are not involved. Agree its not a store of wealth. I see a lot of wild variations so I've opted to use autotraders so I can get some sleep!
Interesting stats. Same here in wales, Im trying to boost adoption but it sounds to good to be true so most just brush it off.
We live in a world of information overload. I must say , it was a little daunting when I started out with it and I think I made 2 silly mistakes in the first 2 to 3 days that nearly cost me a lot of money.. The ICO's could destroy the environment as there will be a lot of scams in this area and without regulation it will get worse before it gets better.
Scam coins dont help the crypto ecosystem at all.
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IMHO, it all is just a regular, expected & logical correction, easy seen by simple TA lines.
The next support level, where , I hope it can catch a new bottom, is around $1600
Where I really would probably start to worry - if it goes significantly below $900, and stays there for long time (6-12 month)
So stay calm. And keep your funds for a more cheap buys :)
There is time to buy, when blood is on the streets. And looks it is now...
Good update. Thanks !
Thanks for the video. I agree with not taking out debt to invest. Usually doesn't work out.
Interesting video.
I consider there will be a lot of volatility in the cryptocurrency market in the coming days/weeks. I think the altcoins are in bubble territory, and the price will drop much further.
However in the long term I am bullish in bitcoin and in the major altcoins.
This market reminds me the dot-com era.
Just before the correction about an article about it, titled dot-com déjà vu.
Here is the link:
https://steemit.com/bitcoin/@nenio/dot-com-daja-vu
Hold my beer. We got this covered!
This post has been ranked within the top 80 most undervalued posts in the second half of May 27. We estimate that this post is undervalued by $17.01 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: May 27 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
Thanks for yet another excellent video maneco64! I watch you all the time on Youtube but since everyone is moving across to Steemit, here I am! Anyway, as you say cryptocurrencies are in for a wild ride. I can't wait to get my hands on Clif High's new crypto report to see what may be coming up. All in all, it is a very exciting time in cryptocurrency, there are so many opportunities.