Crypto's are Tanking, Don't Panic!
If you read anything of what I posted, don't panic about the falling prices. There is high volatility and whether it is days or months, they will go back up. Remember, buy low, sell high (if you are trading), otherwise HOLD!
Below is a graph of what I believe will happen, otherwise known as crocodile teeth. This basically means that there will be sharp spikes up and down, but an upward trend. Hold on for the ride!
If you liked this post feel free to "Resteem" this post and follow me at "https://steemit.com/@cryptowallet"
🍒 I believe you are right, I've observed that crypto market is very volatile, but thanks to Japan, China and Korea trusting certain cryptos, I would expect things to go up. So far, for me, it has been a fun ride :D
As for the "crocodile teeth" tendency, you can call me "Crocodile Dundee" ;)
I think your being very level headed. Don't be surprised, we are just entering an uncharted land of economics. Things will get so emotional, all things will swing from one side to another, Uncharted Volatility, you have never seen before. The stock market will look like a scam when people will wake up. eheh :)
All the NEW money bought out the long term holders. That gave longer term holders time, not only to drive up the price but to dump large amounts of btc and alt coins on the market at a PROFIT! Now the new money is going to sell and try and brake even. While the Long Term players are sitting on the sideline buying coins on the cheap. That would be ME!
interesting chart ty
nice article.. Follow :)
Great information, a lot of people must have exhaled in relief after reading this.
@victorvazco upvote,resteem,follow You're awesome!
resteem and upvote for your post....
re-steemed because I think this is important!
In this current market if your coins are red, just be patient or downright stubborn, hold to zero before you willingly sell at a loss and you will almost always end up profiting in a short time.
Todays drop is just a tiny blip compared to the new $ that are about to hit the market like a tidal wave!
After non stop 20+% gains for almost all crypto over the past few days, this small correction had to come..
Marketcap will be $100 billion in a matter of days.
I agree certain popular people in the Steemit community are are causing a panic we are just in the baby stages of this. People don't even know about alt coins yet.
HaHa! I'm new to all this so.................buying and holding sounds like the right fit for me!