RIP Crypto? I Think Not
The crypto market had yet another breakdown today. We hit a low of $265 Billion this morning. The low that we hit in early April was $244 Billion, we could go down to test that area. If not that could've been a short term bottom.
If we break down from there look at below, but don't lose your mind. Move to cash or Tether if necessary. Take off the risk to settle your emotions if you find yourself making rash decisions.
Crypto is not going anywhere, it will disrupt almost every industry you can think of. We are still over 20X higher than the market was 18 months ago. Keep the big picture in mind.
Happy Investing C# HODLCREW
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LOL! Crying……………. That’s exactly what I feel like. Nailed it!
Points that I agree with strongly
Once again………….about shorts- LOL! Easily the best video that I have watched today.
PS: Congrats to Roselyne Del Carmen!
Market is getting really smashed. I have actually been accumulating recently. Just yesterday I purchased BTS. At this time it feels like we are really oversold. We should expect at least relief rally. Is it even possible to get as low as 20 bil. market cap? It might be possible, but it’s highly improbable. The adds are just slim to non. My actual plan right now is to accumulate as much as possible and hold it until my retirement. It’s still looong way to go, but it really helps me not to panic. Only if we get in the near future up by 4-5 folds I would probably cash out just what I invested. The rest see ya when I retire. Decades and decades to go. If we break this support, which we keep breaking one after another, there will be many investors forced to sell. Many already are. It’s unfortunate, but it’s true. Fortunately, I’m not one of them. I can afford to loose all my investment. It’s scary thing, but we have to go through pain before we get rewarded. It’s the same as we were at the top, the same euphoria. It was buying euphoria, now it’s selling euphoria. We may not believe how low we can go, just like many didn’t believe how high we went.
BTW: Lol 😆 I guess I pushed my luck by winning second time in a row and “not winning”. I respect your decision, after all it’s you who makes the rules and I really appreciate you to give us this great opportunity. 👍!
The selloff is increasing along with volatility. This may indicate we might be near bottom. There are people talking about 3000 bitcoin. In fact, no one knows for sure. All we can do is not to panic, not to sell for loss if you are not forced to and add to your portfolio especially now. I agree with you! Compared to what is now and to what we could experience if we break 240 billion is just a walk in the park. We can see historic flash crash. Not many people will now what to do. Many people will freeze. I saw this kind of flash crash in stock market and it was really scary, even though I wasn’t invested much at that time. Steem at $1.44 if it even gets there is a great price to pay for. It’s like a discount on steroids. I think at that moment everything will be a great buy, especially the great coins.
@investing it is just a matter of Time before we Swing Back to the UPside Again.................
Of course not - its like ANY market; fluctuations are a daily event...MOST recover.
This is the time to Hodl and show your belief in crypto.
Crypto will rise but we shouldn't expect any predominant increases all of a sudden
Thank you for the update, I'm not shaking by the latest blow on crypto, it's obvious that it's coming back to the top where its belong. Crypto has never been stable since inception, if it go down today, it's coming up tomorrow, that's how it has been since inception.
Let me quickly subscribe to your channel,i might be the winner... Lol
The big picture indeed. Crypto for life
Hi connor
The start of video was fantastic hahah
I think cryptos are here to stay
Cheers o/
I know things are not working good and we are not going through good days, but i think We should HOld a bit more for some amazing benefit.
Upvoted and resteemed.