So we are back on Steemit now with daily new and interesting blogs.
This blog is all about recent collapse of Bitcoin followed by Altcoins this is because SEC has put an end to the recent ETF approval hype by delaying it till September 30.A slight negative news in the market is enough to shake it fully.
Bitcoin which was trading at around 8400-8500$ in the end of July is now at 6500$ within 10 days.This shows how big whales manipulate the market by creating fuds.And always newcomers and small investors are the ones which do panic selling.But in terms of price crash Altcoins beats the bitcoin they are in two digits price drop.
Yes, it a reality that Btc is now standing at 1/3 of its ATH but majority of the altcoins are about 90% dip. This is why we recommend you to be in Bitcoin more than 50% of your portfolio always.
Future of Crypto:
Those who keep saying end of crypto after every price fall are biggest loosers. Block chain technology is here to stay it can be a revolutionary change in our society like mobile phone inventions in early eighties. It is just the beginning of a new era.
We are not in loss unless we sell our holdings. Nobody likes the red candles in the market not even a CEO of a prominent coin but whatever comes up surely comes down too. Soon we will see greenery in the market for sure.
So is this the end of Bitcoin and Crypto currencies- NO! This is just the start; very few people in the world know about it let the market explore. Just imagine your portfolios after 3-5 years.
1 Jaguar = 1 BTC, see you in the next blog.
Till then you can check our video for top altcoins you can buy now
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