Crypto Is Dead Again?
We broke a support level today and the stop losses triggered in a cascading effect. This resulted in a drop of $50 Billion in about 18 hours. The market is testing the lows, will we see a bounce? Nothing has changed in the big picture for crypto, the fundamentals remain intact, this is mostly fear in the market. Banks and Funds are going to be in this market soon.
Happy Investing C# HODLCREW
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It's the banks that are hell bent on pushing the prices down especially when they see an opportunity with low volume.
@investing Yes, very far of our desired; anytime it could change, but not as fast as I did read, in one post last week. It is difficult when regulations are coming into it.
Yeah looks like that crypto is great again. Another shift in the market call of steem. This price drop looks like it's going to deal serious damage and on the other hand there is no profitable bussiness alternative.
We hope that price drop will not stay in the long run.
This is a really difficult time for all crypto investors.
I'm scared shitless right now.
I know this is the time to keep believing and hodl, but that doesn't change the fact I'm scared.
I hope it recovers soon
I really hope it happens soon.
All these regulations and bans are really testing the investors.
You know what crypto is gonw below to rise with somw extra spark and we will see it, #holding,
I am.shocked to see in PAKISTAN it cost 7137$ to mine a bitcoin, thats huge man :o
I am going to china or manymar where it cost less, well thank you for information @investing
yeah,my dear good friend.. @investing this time very difficulf for all crypto investors.because this situation crypto market rate very low position.so,no profit doing invest.i think that,this time every steemians keeps should be patient and confidence. If you believe in the future of the technology the price drop is a great opportunity.hopefully this position very early changed being.really you describeing very good post today.i am really appreciating of your post and always support you.thank you for your good anylysis.my friend @investing very well done. take care yourself and best of luck of your great work.may god bless yoy..
For whatever reason your Dtube was unplayable, but that’s fine, I found you on You Tube. Market has been getting smashed. That’s how bear market looks like. It feels like it never ends. We just dropped 50 bil. like nothing. I think reversed H&S is still in play. However, if we go lower, it may not anymore. 240 billion market cap is decision maker. That’s the way it is, majority follows bitcoin. Bitcoin is breaking at this time and everything follows. People are starting to panic. Exchanges must be frustrated as well by lack of volume. They are making much less than with high volatility and high volume. I’m watching bitcoin very closely and even I don’t want to admit it, I see bear flag formation is breaking as of now. Perhaps, that’s what we need to trigger the panic selling. This lack of volume is just ridiculously diminishing to the point of nothingness. But that’s what usually happens, from boring to sudden moves with volume waking up all of sudden. This is a great opportunity for non institutional investors to get on board. There won’t be another chance. Honestly, I really thought US was one of the most expensive when it comes to bitcoin mining. S. Korea I would bet, they are the least expensive until I saw your graph.
Yeh..!!! Crypto market is now crashing.... @investing... With much good news and adaption coming up, I think it's pure manipulation of the market to bring down the prices. After they have accumulated enough, it soon shoots up.
I have stepped out most of my trades and wait for a return.
First I would love to thank you for winning the price today. This is my first ever winning on any social platform. Even though steemit platform is the only one I have ever been part of when it comes to any social platforms. Not even Facewhat or ...
Very interesting info when it comes to mining cost. In US it’s still profitable, in Kuwait it seems pretty low below 2k. I think, it’s still a good investment in some of the countries except South Korea (26k! wow) and few more. I actually was expecting this breakdown in the last few months. The lack of volatility gave me a signal we are not at the bottom just yet. I needed to see a huge spike in volatility. I still don’t see it and that’s why I expect even bigger drop. We need to get rid of most weak hands. If we get that huge volatility with huge volume where bulls and bears will fight like it’s the last day on earth, than I would know we are at the bottom. Then I fill my portfolio even more. Than institutions will start buying like crazy as well. As of now our best weapon is patience. If you believe in crypto and crypto you invested in, you will be just fine. All that matters to me is where the price will be in the next 10 years, not where it is today.