Market is going dip n dip...why?
You all have noticed that since last 4 months many coins have grown 500-800-1000-2000% and now they are going down to 40-50-60% and all became panicked
But have u ever thought that 50% is just nothing infront of 1000% growth.
Its trading no coin will go only up up n up. Up down is its normal trend.. see some coins like DGB BCN SYS BURST STRAT PINK SC and many more how much they have grown in last 4 months
DGB (50-55) SC (60-65) PINK (70-75) BURST(80-90) BCN(8-10)
👆 these were the prices
Again after correction all coins will fly
Important is that in these phase of difficulty who can survive ? Many are leaving trading and its normal bcoz they in to the market by thinking that in crypto trading only n only profits are there. Which is wrong. In any trading, price up down will be there and the game is to pick at down and sell at up.
Before 20 days i have told everybody that sell all those coins where u are in profit , some obey n some not.
What to do now ?
Observe the downtrend and when it will start uptrend buy alts in very cheap price and enjoy prft of 50-100% within 1 month. Those who have bought coins in very high try to buy the same coin again to make average so that u can exit quickly without loss..
But those who has no btc left just hold (may be some more time)and come out with prft dont sell in loss.
This is the perfect time for investment just wait n enter in the perfect time.
Sometimes keeping quite is also a good trading bcoz u are not buying any coin..how its good trading ?
Bcoz if u will not buy the come today at 1000 satoshi u may get it on 700 after 2-3 days means u r getting a prft of 300 satoshi by keeping quite.
Market is critical and vast try to research it, try to understand it.
Keep steeming
Keep trading
Keep earning
Yes, but guys who bought just on top for sure might panic when price drop 50 percent...
So why the market is dipping?
Clearly because of Ethereum failing to process transactions (clogging on the network) and Bitcoin scaling debate (USAF and SegWit2x). In order to predict when the market is going to bull again, you have to follow the solutions for these issues.
If the blockchain splits. Several potential outcomes can happen with these particular three ideas; The user activated soft fork(UASF) that begins on August 1, Segwit2x which starts around mid-July to October, and the more recent Bitcoin ABC (UAHF) that might deploy in August.
There’s a number of things that could happen with any one of these plans, but the biggest fear is the possibility of a chain split. A chain split is when the blockchain fractures into two chains due to the fact that consensus was not met during an upgrade. That means a particular portion of the Bitcoin network participants disagreed on the plan and chose to ignore the other side’s rules or protocol upgrade. This happened with the Ethereum network, and now there is another blockchain called Ethereum Classic. Now, just because the Bitcoin blockchain splits it doesn’t mean the smaller chain will survive. But the first and foremost thing every bitcoin holder should know if they both survive; If you hold your private keys during a chain split you will be able to retrieve tokens for both chains.
Afterthought:That doesn’t mean you will double your money as one token will be worth considerably less than the chain with the most proof-of-work and possibly even be worthless. The chance of a smaller chain surviving with the current network difficulty for miners would be a tough thing to accomplish, and the chain would need a decent amount of support to survive. The new chain or the legacy chain does have a chance to grow longer than the other, and each chain will have a certain amount of hashrate. If there is a chain split the likeliness of significant price fluctuations and confusion is very probable.
That is what scaling debate is about. You are looking at it from a technical perspective, and that is good. That means that you probably know that SegWit2x is a dangerous code that is created for personal gain. It doesn't serve the Bitcoin community. Bitcoin ABC is just a political tool to delay SegWit activation trough the BIP148, and I doubt that they have even started creating this code.
The actual chain-split doesn't benefit anyone. So we have to keep in mind that it is more of a political debate than it is technical.
Nice post! Greatly appreciate the information!