💹 Crypto Crash 04/05.09.2017: Another great time for HAPPY COIN SHOPPING? Don´t panic sell guys! (English)
Hi Steemians, as you may already noticed, yesterday almost all cryptocurrencies were fallen very brutally. The cause is that chinas central banks has banned ICO´s, so that from now blockchain companies in china are not allowed to do fundraising campaigns for new projects and some of the latest ICO campaigns from china have to return the funds to investors. Because china is one of the biggest markets, this changes led to that many people cashed out their gains and this led to panic sells.
Here you can find more information about the ICO ban in china:
https://techcrunch.com/2017/09/04/chinas-central-bank-has-banned-icos/
Especially the chinese cryptocurrency NEO was influenced a lot of this news and many people sold their NEO, but you can already see that on the other site many people just waited for this moment to buy in cheap and for NEO itself the news are not bad, because the ICO is over for a long time. Moments like this are always the best time to buy coins, just like in juli the last crash. If you are buying in situations like this, almost every coin can bring you huge profits, the right coin even more. The next correction and possible next all time high will always come sooner or later.
So if you want to buy coins, now it is a great time for Happy Coin Shopping with nice discounts. :) Or if you are already invested in your favourite cryptocurrencies and you don´t want to buy more, just hold it and don´t be so stupid to sell cheap. Other people will be happy about buying your coins and you will be unhappy in a few days (maybe weeks in a bad case). :) So just keep calm, watch the market, buy more coins if you can and be happy in the next boom phase. Even the ICO ban in china could only be temporary, because they just want to make some regulatory measures first now and then re-open the ICO market in china. China was the country with the most ICO´s in this year and until now there wasn´t any regulation and control of the government.
Here are my personal current favourite coins Im buying/invested in and holding (not in order of how much I like them, or how much I invested in it):
- Of course STEEM! :)
- CVCoin (CVCOIN)
- NEO
- OmiseGo (OMG)
- IOTA (MIOTA)
- Patientory (PTOY)
- Monaco (MCO)
- Waves
- NEM (XEM)
- Stratis
- Adzcoin (ADZ)
- Rise
- Polybius
What are your favourite coins? If you like, just write in the comments. I will write another article in the next days about why I bought which coin. Im always doing my research about it and don´t buy only because someone told me to buy it. So as always, don´t understand my favourite coin list as an investment advise too and make your own decisions. Of course Im not an oracle. :)
Here is the german translation of this article: https://steemit.com/cryptocurrency/@future24/crypto-crash-04-05-09-2017-ein-weiterer-toller-moment-um-coins-zu-kaufen-nicht-panik-verkaufen-leute-german
[German] Hier ist die Deutsche Übersetzung von diesem Artikel: https://steemit.com/cryptocurrency/@future24/crypto-crash-04-05-09-2017-ein-weiterer-toller-moment-um-coins-zu-kaufen-nicht-panik-verkaufen-leute-german
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[German] PS: Das ist meine Lieblings-Handelsplattform zum Kaufen, Verkaufen und Traden von BTC/ETH gegen EURO/USD: Hier klicken und kostenlos registrieren!
Man kann nämlich auch EURO/USD mit seiner Kreditkarte einzahlen UND auszahlen, daher ist es meine bevorzugte Seite.
Best regards and hear you in my next article!
[German] Beste Grüße und wir hören uns in meinem nächsten Artikel!
Jonas Ahrens
Holding Neo, planning on buying OmiseGo and holding, and the rest I'll move to my Prism account. Planning to buy more NEO in the coming days.
We could always all upvote each other and earn some money that way.
Yes, but I can´t upvote everyone everyday, because my voting power would be 0 very fast and nobody would earn a single cent with my votes. Im trying to always upvote back my biggest supporters and of course if I like content Im upvoting it nevertheless who is the author. And as you can see, my commenters are always receiving an upvote of me too. - Followed and upvoted
the whole selling off in a panic seems to be the norm for everyone sadly. I say sadly because everytime some major catastrophe occurs, bitcoin, as an example takes a dive but always corrects and goes to new heights. The same can be said for many altcoins too. Yet time and time again, everyone goes into that panic sell mode and then the ones who hold, go in, buy up the crypto on the cheap, make a killing and the ones who sold, well they are usually too late to get back in and have to spend more just to get back to the same volume, and not even the same value. Lesson for everyone should be HOLD AND DONT PANIC
Loving Zencash myself. Riding out the storm....It's vicious out there right now
Been buying all day. I buy and hold. I am thinking of my portfolio 4 years from now not minute by minute.
I have started buying EOS. In the end it is a great technology, it seems like the initial hype cooled down, so it is a good time to buy. For the moment I buy EOS for 0.25 % of my portfolio every week. I would like to have 10 % of my portfolio in EOS by the end of the ICO.
trying hard to see where is the best place to invest, so thank you for the updates, my friend
Thx for the feedback! On https://coinmarketcap.com/ you can find all cryptocurrencies and where you can buy them. After clicking on a coin and then "Markets" you can see where to buy it.
Upvoted. For insights on the Chinese ban and impact on the markets: https://steemit.com/bitcoin/@thoughtchain/why-today-is-the-perfect-storm-for-bitcoin @thoughtchain
Thanks, upvoted and followed too @thoughtchain.
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