Dive, Dive, Dive! BTC Plunges Down To $9,700 Per Coin 🤿🌠⬇
There goes our BTC again doing BTC moves. Well as I was just starting to smile it goes back to blank face again and I am not really surprised by the price drop since many are just expecting the price to go higher me included but some traders are just going against this sentiment in an attempt for them to scoop up some extra BTC.
The crypto markets are crazy so we just have to expect the unexpected but we have to keep in mind to factor in all options before making a trade and stuff. But if you want to be on the safe side, just dollar cost average or simply collect cryptos and sell in the future when all prices are stable and high to allow you to profit.
The crypto prices maybe be dropping at times but it is an opportunity to buy more since if prices are high it is hard to buy in those instances and if you have bought cryptos in high price it is just wise to hold it and wait and just consider it as a long-term investment since as I have said before, the prices will not stay down forever.
In my opinion cryptocurrency is a good form of investment since it has use cases and really the volatility is our friend because if those prices are just flat it is hard to profit from it substantially especially if you are trading with just a little money while if you trade with cryptos for example it is easy to do, you are holding your money and in the case for steem you can collect more of it by using their dapps or simply by just blogging and writing your own world.
Disclaimer: All statements here are my personal opinion and not financial advice.
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I was looking at buying options on BTC a few hours before the dump. I saw that the expiration was just a few hours away and it seemed too unlikely to expect any significant move in the price of BTC within the 6hours prior to expiration.... UNLESS the phenomenon where the price of BTC drops just prior to the expiration of CME options contracts were do occur, but this wasn't CME options and I wasn't sure if the timing was in sync, so I held off.... This dump came right before those options expired. In summary, someone dumped and made a killing in the options market.
Yes there are things like that happening since there are big entities that moves the market since day 1.
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BEERat steem-engine.Hey @cryptopie, here is a bit
BEERfor you. Enjoy it!Muchas bendiciones y salud para ti, amigo, @cryptopie.
😲😲 OMG!
Looks like steem stayed pretty much the same... BTC is almost back at 10,000.
Just a little dip for those who wanted to make a small buy in.
These red long candlesticks is one of the best opportunities to buy in especially with big amounts.