Market Freefall!! All except one....
So here's the state of the crypto market at the moment, it's a sorry sorry state.
Everytime I look at it I see my investments shrinking.
It's not an easy watch not one bit.
I'm just hoping it will hit it's bottom soon and then we see people find the confidence to enter back in with big investment pumping them all back up again hopefully above what I have seen my investments reach!
Everything is on a downhill course at the moment except one.....Steem Backed Dollars.
SBD have risen over 50% to $2.40 and with the price of Steem going down if you were saving up your SBD then now is a great time to sell for Steem!
Steem on!
Power up those accounts!
now sbd is like 2.13 and going down to bad all the coins are going down :s
It's down 30 cents in 13 minutes
really crazy times ;)
and definitely time to power up :D
My beautiful nem investment that gained so much! Literally lost thousands so far today! But never dear they will come back up even stronger!
of course :) we just have to relax and hold ;) the ride to the moon will continue sooner or later (and afterwards to the mars^^)
You do have to wonder about market manipulation from the people that want to see crypto fail!
HODL!
It's crazy watching etherium drop. It's at $233 now on coinbase I wonder how low it will go.
I've heard some of the exchanges have paused trading! Hope it finds its bottom soon!
$1.55 atm
-17.98% in last 24h
You were saying? Everything is dropping because its a good opportunity for speculators to make money.
You have to wonder about market manipulation when this happens!
Maybe if it would happen to 1 or couple cryptos. When is global its not manipulation imho. Simple normal correction. Freemarkets has to do this after rallies we had.
That is true also always huge risk in investment especially cryptocurrency
It's a bloodbath out there.
But now I'm confused about Steem and SBD, I thought they were the same things and if not, why is one going up and the other going down?
SBD are Steem Backed Dollars and are supposed to be pegged to one dollar making them a safe haven when the markets start declining, they aren't supposed to fluctuate much past or below 1 dollar. We used to get our payout rewards in Steem, Steem Power and SBD, but for the last 2 months or so have only been getting payouts in Steem Power and SBD this was to try and push more SBD on to the markets and drive the price back down to the one dollar mark.
So it had the opposite effect lol