Crypto 101 Market Update: Welcome to FUD Fridays Again! | New Crypto Fam: Markets Usually Dip on Fridays, Do not Panic Sell/Buy. Weekly Reminder / Advice.
Perspective:
OK... I know the whole last month has been bad for crypto. I get that.
I like to report good news, it simply is not always possible .
We've lost $160B in the 7 days since my last report here.... for total crypto space market cap.
We also have so many new people arriving to Steemit and crypto every day.... this once a week reminder is for them.
FUD Fridays is a thing.
About 98% Red... a Little Green This Week on FUD Friday! Just like Christmas! LOL.
We had a TOUGH week again in the markets, like --- epic proportions bad. ....continued
Half the market cap was lost overall pretty much the last while..... and most coins went down half their value or so - some moreso -- in a 2 day period or so then.
Nothing is fully recovered still today.
OK so we had 2 BIG Fridays this last couple months with a lot of green in them!
I like to see that.
-- We definitely have been in a "sideways-recovery triage" as it seems to me the last few weeks. But downwards we have gone.....
The total market cap is DOWN again.... only slightly... but we have seen losses in the total sector again the last 2 weeks.
Our high for the last 30 days was a big one on Jan. 7th as you can see where I hovered - $830B
When you see dips in coins you like or believe in - fundamentally or otherwise, it is your signal to
Market TLDR Overview Lately:
We started seeing a MUCH deeper correction in the markets in December aafter huge ATH's that month... that amazing Dec. is well past us now.
We had lost nearly 1/2 of total market cap, and the whole market had been basically bleeding out in the red on and off since mid Dec. - aprox. Dec. 21st actually.
Crypto Market Cap - Top Coins TODAY by market cap -- note the red/green:
~ Many weeks ago, we dropped from ~$ 630B total crypto market cap to around $570B (- $90B) in about 12 hours and then overnite around then, we dropped below the $520B mark, about 24 hrs after the bleeding started.
It kept dropping with minor upswings the last ~40 days or so.
That means we lost about $110B of cap, in 24 hours. Half in about 48 hours.
We went from that ~$730B mark to $495B since I typed this update, weeks ago.
It then dropped further meaning about $135B in losses which sustained in and out over a week or so.
We climbed crazy highs until late Dec. 20th as charts show, when we then hit about 12 days of pre-Christmas blues in the sector losing a ton, and seeing market corrections:
Then again not long ago, similar happened.... we had climbed back to recovery levels around $700B...... and then in 2 hours late one night, we lost about $250B. I watched it live.
I bought the dip.
The whole last 2 weeks we have continued the drop, BTc has dropped below $10K USD several times the last couple weeks and the market cap / total ---- for crypto continues to drop as I type this.
Now below $410B for the first time since Dec. 9th/10 as you can see here: 90 Day View:
The last year: Always zoom out for perspective:
I like to report good news, it simply is not always possible as I said earlier.
The last month:
Ups and downs.... but a pattern of higher lows after pullbacks/corrections has emerged. That's healthy.
... but is has continued downards.
The big recent high I hovered over is 1-8-2018 at about $830B.
Newer Steemit/Crypto family:
Many Fridays - Crypto markets often go RED.
Or the gains in the green are small.
It's a trend, just be aware. Remain Calm!
EOS & Bitshares This Week:
-- EOS and BTS (Bitshares) both had another decent week despite big market corrections!!
-- I wrote about it awhile back, but things change so quickly in volatile crypto markets....
-- so I remain solid and happy about those projects.
They are both undervalued, IMHO in many ways and really held up during the Crashenings of the last ~35 days!
-- These are 2 coins/projects/infrastructures/communities that a lot of Steemit users follow, engage with and use.
-- Definitely things for the new user to look into.
Another crazy week in Crypto!
4 Factors to Consider/Watch:
1/ I believe since the Bitcoin chains (yes, you have to include them) is worth so much, and had another crazy week of mooning and breaking huge new ATH's a few times, any loss in total market cap/share for BTC comes from the (2 main / BTC/BCH) Bitcoin chains at the top of the charts.
2/ It shows in the Bitcoin Dominance % at the top of the CoinmarketCap.com page. It's down quite a few % points again this week from my last reports here, 7 days ago, and every Friday.
3/ If you look at the Top 30 or 50 coins in the market, today, a lot of them were in the green, even just a little or with some huge gains, as some money in the space and recent pullbacks has left BTC and went to the Alt Coins, a trend we see all the time. Not today, whole market showing a lot of red and green -- around 50/50 or 70/30 (red/green) perhaps, as we have said here.
4/ But some things have changed.
These days now, there is a growing trend, the money STAYS in the alt coins, as the "Bitcoin Civil War/Problems" rage on.
Look at their collective gains (say, the green numbers everywhere) as well as the:
-- TOTAL CRYPTO MARKET CAP --- Today at $407B -- .41 TRILLION now in the space!
We had made some gains back recently the last few weeks in the $561B range.
Will we get back to approaching / living in new / recent ATH's in total market cap of about $760B range -- finding some support in that area on and off the last week.? Time will tell but I say yes.
We have had a couple major corrections and the market has been up and down a LOT the last ~35 days.
Tips:
-- Do your best to remain calm, look at trends and charts for a week, a month and so on.
-- Remain in the game. Do not panic sell or buy ever.
-- Dips are corrections -- not crashes.
-- Only Invest What You Can Afford to Lose and Invest in Projects/People/Crypto You Believe In.
Not Investment Advice / Do Your Own Research Always.
We have had some decent weeks in Crypto til recently.... but Fridays often mean the market sees red and loses some value.
It also means that the market often can show small gains (in the green) of 0.2 to 3% -- in the green but small so take note of this also.
Just continue to be aware of these trends.
-- TOTAL CRYPTO MARKET CAP --- Today at $407B -- .41 TRILLION now in the space!
It climbed a TON this last month but with some deep corrections in the red as we have discussed --- making HUGE new recent losses and ATLs!!! (Lows)
The last month as we have discussed, has seen:
Crossing the $630B mark - up and down about 17% in big volatile swings....
Crossing the $830B mark for 2 sharp peaks for ATH's - Jan. 7th and 8th .
Recently dumpening below the $500B / $530B marks and back up - support and consolidation lines for the 1st real time, in ~2 weeks around the ~$550B mark before finding new highs and support there as stated just above.
Cotinued dumpenings past $600B, past $500B and dropping today, to low points, nearing the $400B mark sadly.
--
Recent Series Updates: (Newest to Oldest):
--
It was $538B Market Cap after smashing past 400 and 450B inside of a day.... as we said above in the post recently....and Trending Historically is UP! ( recent update factoid quote by myself there)
Perspective, Always I Keep Saying - is Crucial!
When the market dips or gains overall -- always remember BITCOIN (and the related BTC forks) often controls 50% or more of the market -- as the coin with generally the most volume - most worth overall -- and that first mover advantage being first in the space in 2009.
When there is a lot of red in the rest of the market and when a HUGE value coin like BTC is up over 3, 4 or 6% for a day -- it will control a LOT of the market GAINS. And Losses! -- if it is down by larger numbers like that.
Trending UP Long Term! - Perspective = 1-Year Chart:
-- Reminder from CoinMarketCap.com showing the last 1 year of Total Crypto Market Cap:
But it is important to remain consistent and balanced in things, like I always try to do.
--- that is why I will continue to share this message overall -- with all the new people coming to crypto/Steemit daily!
I Repeat the Following Tips!! :
-- General Reminder remains the same, knowing the average trend we often see!!!
-- Do your best to remain calm, look at trends and charts for a week, a month and so on.
-- Remain in the game. Do not panic sell or buy ever.
-- Dips are corrections -- not crashes.
FUD: Fear/Uncertainty/Doubt
FOMO: Fear Of Missing Out
Well, what else can you say really.
It's not for the faint of heart and if you are new, I hope red is your favorite colour........ it happens regularly in the volatile Crypto markets
I wish you the best daily-- and that you have a nice weekend.
Thanks for reading, have a nice day.
My Philosophy In Daily Life & Travels:
I have always tried to be kind to people every day, as part of my life Philosophy, since I have always believed we can achieve more TOGETHER.
My path to Crypto is with you guys and we are on the path to Liberty.
We are all early adopters here, if you are even close to reading this today.
Be encouraged.
If you online search my name + PIZZA -- you will see my deep love of the pie as I seek to eat it, wherever I am, or whatever I am doing.
Life Goals:
-- Get Paid to Travel and Blog about Pizza & Those Travels.
-- Buy a Pizza Store.
-- Become Crypto Currency Independent and Love Liberty and Life!
-- Continue to Hold and Sell Real Estate as I have done for clients since 1991.
Don't let anyone tell you twins are a problem ever!!!!!
FUD or no FUD!!!
If you liked this blog post - please Resteem it and share good content with others!
--
Some of my recent blogs:
--
--
Most stock Images / Gif's day to day- usually via Giphy.com , Funny or Die.com, Imgur.com, PixaBay unless otherwise noted, with thanks.
Sources usually on image or credited if I cannot find it on an image, but sometimes I forget, sorry if this bothers anyone.
If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.
--
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
EOS (EOS) - 0xD37bEFf5bf07E3aa432de00cE0AaA8df603A4fB0
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
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.
This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, I just do not have that time in my life right now, and that includes for replies and voting/curation.
I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.
Carry On.
Perspective:
OK... I know the whole last month has been bad for crypto. I get that.
I like to report good news, it simply is not always possible .
We've lost $160B in the 7 days since my last report here.... for total crypto space market cap.
We also have so many new people arriving to Steemit and crypto every day.... this once a week reminder is for them.
FUD Fridays is a thing.
About 98% Red... a Little Green This Week on FUD Friday! Just like Christmas! LOL.
We had a TOUGH week again in the markets, like --- epic proportions bad. ....continued
Half the market cap was lost overall pretty much the last while..... and most coins went down half their value or so - some moreso -- in a 2 day period or so then.
Nothing is fully recovered still today.
OK so we had 2 BIG Fridays this last couple months with a lot of green in them!
I like to see that.
-- We definitely have been in a "sideways-recovery triage" as it seems to me the last few weeks. But downwards we have gone.....
The total market cap is DOWN again.... only slightly... but we have seen losses in the total sector again the last 2 weeks.
Our high for the last 30 days was a big one on Jan. 7th as you can see where I hovered - $830B
When you see dips in coins you like or believe in - fundamentally or otherwise, it is your signal to
Market TLDR Overview Lately:
We started seeing a MUCH deeper correction in the markets in December aafter huge ATH's that month... that amazing Dec. is well past us now.
We had lost nearly 1/2 of total market cap, and the whole market had been basically bleeding out in the red on and off since mid Dec. - aprox. Dec. 21st actually.
Crypto Market Cap - Top Coins TODAY by market cap -- note the red/green:
~ Many weeks ago, we dropped from ~$ 630B total crypto market cap to around $570B (- $90B) in about 12 hours and then overnite around then, we dropped below the $520B mark, about 24 hrs after the bleeding started.
It kept dropping with minor upswings the last ~40 days or so.
That means we lost about $110B of cap, in 24 hours. Half in about 48 hours.
We went from that ~$730B mark to $495B since I typed this update, weeks ago.
It then dropped further meaning about $135B in losses which sustained in and out over a week or so.
We climbed crazy highs until late Dec. 20th as charts show, when we then hit about 12 days of pre-Christmas blues in the sector losing a ton, and seeing market corrections:
Then again not long ago, similar happened.... we had climbed back to recovery levels around $700B...... and then in 2 hours late one night, we lost about $250B. I watched it live.
I bought the dip.
The whole last 2 weeks we have continued the drop, BTc has dropped below $10K USD several times the last couple weeks and the market cap / total ---- for crypto continues to drop as I type this.
Now below $410B for the first time since Dec. 9th/10 as you can see here: 90 Day View:
The last year: Always zoom out for perspective:
I like to report good news, it simply is not always possible as I said earlier.
The last month:
Ups and downs.... but a pattern of higher lows after pullbacks/corrections has emerged. That's healthy.
... but is has continued downards.
The big recent high I hovered over is 1-8-2018 at about $830B.
Newer Steemit/Crypto family:
Many Fridays - Crypto markets often go RED.
Or the gains in the green are small.
It's a trend, just be aware. Remain Calm!
EOS & Bitshares This Week:
-- EOS and BTS (Bitshares) both had another decent week despite big market corrections!!
-- I wrote about it awhile back, but things change so quickly in volatile crypto markets....
-- so I remain solid and happy about those projects.
They are both undervalued, IMHO in many ways and really held up during the Crashenings of the last ~35 days!
-- These are 2 coins/projects/infrastructures/communities that a lot of Steemit users follow, engage with and use.
-- Definitely things for the new user to look into.
Another crazy week in Crypto!
4 Factors to Consider/Watch:
1/ I believe since the Bitcoin chains (yes, you have to include them) is worth so much, and had another crazy week of mooning and breaking huge new ATH's a few times, any loss in total market cap/share for BTC comes from the (2 main / BTC/BCH) Bitcoin chains at the top of the charts.
2/ It shows in the Bitcoin Dominance % at the top of the CoinmarketCap.com page. It's down quite a few % points again this week from my last reports here, 7 days ago, and every Friday.
3/ If you look at the Top 30 or 50 coins in the market, today, a lot of them were in the green, even just a little or with some huge gains, as some money in the space and recent pullbacks has left BTC and went to the Alt Coins, a trend we see all the time. Not today, whole market showing a lot of red and green -- around 50/50 or 70/30 (red/green) perhaps, as we have said here.
4/ But some things have changed.
These days now, there is a growing trend, the money STAYS in the alt coins, as the "Bitcoin Civil War/Problems" rage on.
Look at their collective gains (say, the green numbers everywhere) as well as the:
-- TOTAL CRYPTO MARKET CAP --- Today at $407B -- .41 TRILLION now in the space!
We had made some gains back recently the last few weeks in the $561B range.
Will we get back to approaching / living in new / recent ATH's in total market cap of about $760B range -- finding some support in that area on and off the last week.? Time will tell but I say yes.
We have had a couple major corrections and the market has been up and down a LOT the last ~35 days.
Tips:
-- Do your best to remain calm, look at trends and charts for a week, a month and so on.
-- Remain in the game. Do not panic sell or buy ever.
-- Dips are corrections -- not crashes.
-- Only Invest What You Can Afford to Lose and Invest in Projects/People/Crypto You Believe In.
Not Investment Advice / Do Your Own Research Always.
We have had some decent weeks in Crypto til recently.... but Fridays often mean the market sees red and loses some value.
It also means that the market often can show small gains (in the green) of 0.2 to 3% -- in the green but small so take note of this also.
Just continue to be aware of these trends.
-- TOTAL CRYPTO MARKET CAP --- Today at $407B -- .41 TRILLION now in the space!
It climbed a TON this last month but with some deep corrections in the red as we have discussed --- making HUGE new recent losses and ATLs!!! (Lows)
The last month as we have discussed, has seen:
Crossing the $630B mark - up and down about 17% in big volatile swings....
Crossing the $830B mark for 2 sharp peaks for ATH's - Jan. 7th and 8th .
Recently dumpening below the $500B / $530B marks and back up - support and consolidation lines for the 1st real time, in ~2 weeks around the ~$550B mark before finding new highs and support there as stated just above.
Cotinued dumpenings past $600B, past $500B and dropping today, to low points, nearing the $400B mark sadly.
--
Recent Series Updates: (Newest to Oldest):
--
It was $538B Market Cap after smashing past 400 and 450B inside of a day.... as we said above in the post recently....and Trending Historically is UP! ( recent update factoid quote by myself there)
Perspective, Always I Keep Saying - is Crucial!
When the market dips or gains overall -- always remember BITCOIN (and the related BTC forks) often controls 50% or more of the market -- as the coin with generally the most volume - most worth overall -- and that first mover advantage being first in the space in 2009.
When there is a lot of red in the rest of the market and when a HUGE value coin like BTC is up over 3, 4 or 6% for a day -- it will control a LOT of the market GAINS. And Losses! -- if it is down by larger numbers like that.
Trending UP Long Term! - Perspective = 1-Year Chart:
-- Reminder from CoinMarketCap.com showing the last 1 year of Total Crypto Market Cap:
But it is important to remain consistent and balanced in things, like I always try to do.
--- that is why I will continue to share this message overall -- with all the new people coming to crypto/Steemit daily!
I Repeat the Following Tips!! :
-- General Reminder remains the same, knowing the average trend we often see!!!
-- Do your best to remain calm, look at trends and charts for a week, a month and so on.
-- Remain in the game. Do not panic sell or buy ever.
-- Dips are corrections -- not crashes.
FUD: Fear/Uncertainty/Doubt
FOMO: Fear Of Missing Out
Well, what else can you say really.
It's not for the faint of heart and if you are new, I hope red is your favorite colour........ it happens regularly in the volatile Crypto markets
I wish you the best daily-- and that you have a nice weekend.
Thanks for reading, have a nice day.
My Philosophy In Daily Life & Travels:
I have always tried to be kind to people every day, as part of my life Philosophy, since I have always believed we can achieve more TOGETHER.
My path to Crypto is with you guys and we are on the path to Liberty.
We are all early adopters here, if you are even close to reading this today.
Be encouraged.
If you online search my name + PIZZA -- you will see my deep love of the pie as I seek to eat it, wherever I am, or whatever I am doing.
Life Goals:
-- Get Paid to Travel and Blog about Pizza & Those Travels.
-- Buy a Pizza Store.
-- Become Crypto Currency Independent and Love Liberty and Life!
-- Continue to Hold and Sell Real Estate as I have done for clients since 1991.
Don't let anyone tell you twins are a problem ever!!!!!
FUD or no FUD!!!
If you liked this blog post - please Resteem it and share good content with others!
--
Some of my recent blogs:
--
--
Most stock Images / Gif's day to day- usually via Giphy.com , Funny or Die.com, Imgur.com, PixaBay unless otherwise noted, with thanks.
Sources usually on image or credited if I cannot find it on an image, but sometimes I forget, sorry if this bothers anyone.
If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.
--
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
EOS (EOS) - 0xD37bEFf5bf07E3aa432de00cE0AaA8df603A4fB0
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
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.
This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, I just do not have that time in my life right now, and that includes for replies and voting/curation.
I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.
Carry On.
--
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
EOS (EOS) - 0xD37bEFf5bf07E3aa432de00cE0AaA8df603A4fB0
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
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.
This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, I just do not have that time in my life right now, and that includes for replies and voting/curation.
I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.
Carry On.
I am fairly certain that just about everyone in the market has FUD-fatigue at this point. Even big news won't shake the markets too much at this point - there's nobody left to sell, LOL!
On second thought, Bitfinex/Tether getting raken down in a raid will probably have an impact, but it could also go the other way as the uncertainty would be removed.
You make good points there.
Lots of new people in the space may still panic but the evolution of crypto / projects is here to stay, we are only going up, no matter how bad a day or month we have.
Thanks for the helpful analysis @barrydutton! Some very good insights and reminders in here.
Thanks for stopping in again Doug.
I had to add a few lines of analysis and a chart extra this week to really makes the point.
We are in a new time I think.
Have a nice weekend dude.
My injury lawyer paperwork and time has been taking most of my energy these days to get through this.
Be well man.
Yeah it does feel like a new time. One little step closer to mass adoption perhaps. Guess time will tell. You have a nice weekend too!
Right on @barrydutton I like the long game process going on here. We are going through a rapid fire level of volatility that is exciting in my opinion, definitely never a boring day on here just watching the prices fluctuate daily, alone. I had a post about this kind of move a few days ago https://steemit.com/steem/@cryptkeeper17/here-comes-the-bitcoin-pullback-a-great-time-to-get-in-i-think-i-will, I would be curious on your opinion. Keep on wheelin' @barrydutton thanks for the "serenity now" post!
wow...!!! what nice and wonderful post @barrydutton . i like your Crypto 101 Market Update: Welcome to FUD Fridays Again! | New Crypto Fam: Markets Usually Dip on Fridays, Do not Panic Sell/Buy. Weekly Reminder / Advice. post. thanks for share it
I like Bitcoin..Thanks for sharing cryptocurrency update providing ...I like your every post.
well done
Thanks for the update but the dip is so great
LOL.
It is good you can see that for sure hahahahaha!!
Bitcoin is really in the rise and dominating..... What's the way forward with steemit?