The Crypto Market Report | Steem And Steem Dollar Update, Market Is Still Unstable
The market is red at current and after so much tries, market still not able to get stable and pump.
Hi Everyone,
From last 2 days the whole market is red and bitcoin is going up and down at sudden. Bitcoin and the market still failed to be stable. Currently Bitcoin is trading near $7600 and the highest of week is $7752. The move to $8600 will start after crossing the strong support of $7800.
The move of bitcoin is now totally unpredictable. I saw many prediction through last week and none of them are providing good choices. So better stay away from predictions or pump dump groups. The market is totally manipulated by whales.
Steem is still at a good hype, trading near $2.25. I am holding some Steem in hope of the pump like last november, when price of Steem was trading above $8.
Steem dollar is still above its pegged price of $1 and now trading at $1.66. I am holding some sbd also in hope that the price of both Steem and Sbd will increase one by one like before in november.
The price of Steem dollar was creating confusion in the mind of many traders when the price of sbd was showing above $7 on coin market cap and above $25 on HitBtc.
Many traders tried to get benefit from this pump but the problem was, the wallet is in maintenance from last 2-3 days. The price of steem dollar is still above $25 on HitBtc, as we can see below in the image.
Better to stay away from trying to transfer your sbd on hitbtc. It may waste your time on trying to do so.
The market cap as per coin market cap in nearly $340B. It still looks healthy. Many saying that the market cap end of this year will be above $1000B. I also believe that, but no one can guaranty about it.
Still waiting for the bitcoin to cross $10000 but i don't think that it will be easy. Just show some patience and hold what you have. Stay focused on the news based pumps. It may give us good profits. You can read my previous post here on some good news based crypto.
Please do not take it as a financial advise. THIS IS NOT A BUY REQUEST. It is just my analysis,opinion and result of readings. So before investing in any Crypto currency, do your own research first. I will not be responsible for any losses
Thanks for reading...
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informative & helpful article from you.Thanks
Welcome Buddy.
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Crypto market will always be unstable because it is still in the speculation stage. However, when once lots of shit coins would disappear and cryptos will be begin to use for day to day transaction, then the price will become stable.
I tried to take advantage of hitbtc price of sbd but I could not do it as hitbtc has halted transaction of sbd. It is nothing but technical fault I think.
Of course it would be great and will help market to become stable.
Better stay away from HitBtc Sbd, if you are trying to take advantage of the pump. You may stuck your money.