About the coin market decline during the weekend ...

in #cryptocurrency7 years ago

This article has been translated using Google Translator.

It is a very personal idea.
I have not been in the technical analysis for less than a month since I started trading virtual currency.
It is the opinion of an ordinary housewife who just guesses in my situation.
Experts may be ridiculous in their eyes, and it may be a lack of housewives who do not know anything.

It has been shaking once on the 21st of last week in Korea time, and it has sharply swung once from 9:00 pm on Saturday in earnest
Monday, 6 am - 7 pm Everyone was busy preparing to go to work and suddenly plummeted between them.
It seems that there have been occasions where it has caused a sharp rise in the number of times at this time.
It's a hard time for many people to cope with Korea and China.
If you have the power, you may be able to move the bowels as you think.

I was thinking of buying Ethereum over the weekend.
Let's join the EOS ICO, although it is a starter.
Or Bitfinex said it would be a deal from July 1st.
So I bought it at about 320 USDT.
However, this morning I saw that it had plummeted in almost 30 minutes and came up to some extent ..

I know that EOS's ICO will start at 10 pm on the 26th in Korea time.
And I know that it is a way to end and distribute the EOS token proportionally to the amount of ethereum sent in the ICO period.
However, 21 days ago, the price of Ethereum was too high, so it was not judged whether it would be profitable to participate.
However, it seems that Ethereum led the decline all weekend.
Of course, it was an ether price bubble, which led to a decline along with articles that were technically problematic.
If it was prepared by the enemy, I would probably have acquired a large amount of ethereum in a fairly cheap price, and I think that ethereum price will rise after 26th.
I do not think I will participate in the ICO of EOS, but I think it will be in demand during the ICO of EOS.

I think other coins are likely to rise again.
Of course, this may have been due to other reasons.
I do not have much information, so I'll just write from my perspective.
But it seems that China and Korea have led this decline.
Of course, it could be that many parts of the world coin market are made in China and Korea.

It can be said that it is the perspective of a person who does not know anything about how the coin market works.

If they were the operations of such forces, they would be hit by it someday.
If you make such a sudden change, it will give you a chance to interfere with the system.

I will brave a few ridiculous comments just on Monday morning.

Coin Marketplace

STEEM 0.19
TRX 0.13
JST 0.030
BTC 59722.01
ETH 3267.61
USDT 1.00
SBD 2.36