WATCHING THE MARKET LOSE A WOOPING $20 BILLION
I don't even know where to begin. It could be quite challenging watching your investments nosedive. As at yesterday when coin market cap lost $10 billion, I wasn't frightened. Now we see almost a 30% loss.
At this point in time, I appreciate steem power better. My steem is locked up there until I decide to power down, a process which lasts for 13 weeks.
I read an article from a steemit blog post that the amount powered down last Thursday was higher than the week before. That is understandable. Investors are frightened! What I know for sure is that the market will recover, but how soon? I'm going to sleep. Can't continue watching this.
It will go up again. Time to buy :D
Yes, I know it will go up again @okkiedot. I agree with you that it is time to buy, but that is for those who have extra cash (fiat). Those who have almost all their assets in cryptos cannot do any buying at the moment, becuause the entire market is RED. Thanks for your comment.
that's true steempower SP still holds a lot hope than most crypto.... i watched my invest on bts drop yesterday while i did nothing.... thanks for sharing big sis
If not for steem power, some of us would have had high BP. Ah! There was nothing I could do, other than to just go to sleep. My account balance in steem power has not fluctuated much. I'm really glad that I have it. Power up for me continues, regardless of where the market is heading. Thanks for appreciating my article. I will continue to share. STEEM ON!
thanks sis....
You are welcome, my brother.
Yes, this market drop has been scary. However it was expected, the prices of the cryptocurrencies went too high too soon.
Just before the drop a wrote a post about it. I consider the situation had (and still has) a lot of similarities of the dot-com bubble.
If you do not mind I give here the link of the post that I mentioned:
https://steemit.com/bitcoin/@nenio/dot-com-daja-vu
We will see how is the evolution of the market.
I just read the good article that you wrote, @nenio. Like you were prophesying in that article. No one ever knows when a bubble will happen. Of course, if you read my article yesterday, which I believe you did., you'll discover that I somewhat criticized the way the market triple in just one month. I appreciate your timely comment.
Thank you. The current situation of the cryptocurrency market is very interesting. I expect a lot of volatility in the coming days/weeks.
Yeah it's disheartening to say the least.
It is quite disheartening @feraicelebr8. As if my mother was prophesying to me 2 dyas ago. She said 'my daughter remove all your money from there. Well, after the rain comes sunshine. When will it be sunshine again?
Its hard to tell when the sun will shine again but it will. For me I have mitigated some of the losses by having part of my portfolio invested in ETHTRADE where I get 15-25% monthly returns.
Yes, it's hard to tell when the sun will shine again. Wow! ETHTRADE? I've never heard of that before now. Will visit the site right away to read more. It's interesting to know that there is a place where one can get 15 -20% monthly returns. I'm scared of ponzi schemes. Hope ETHTRADE is not one of them. Thank you very much for sharing.
I only recommend what I have tried and know to be bona fide. I have been investing and earning with Ethtrade for close to a year without issues. The good thing is you can start small and taste the waters (minimum investment is 10 usd)