08 Jul, 2017 - Black Friday (Time to buy more STEEM?)
It was black Friday for the cryptocurrency market, most of the top 10 by market caps have plunged double digit. Bitcoin dipped less than others at 3.9% when Ethereum is now trading at $238.06 down 11% from yesterday and make it total 17.39% loss for this week. Ripple, Litecoin and Ethereum Classic lost the value by 10%,11% and 13% respectively. Dash erases it whole week gain and remain only 5%. Monero is trading at $43.09 lost its gain and down .78% for the week. STEEM is now at $1.4 down significantly 25%. (Time to buy more STEEM?)
The total market cap nearly broke 100 Billion marks but there is a lot of pressure at the present. Now it declined to 96 Billion after an effort to break 100 billion.
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Followed and Up Voted. When Cryptos PULLBACK in Price that is a Time to Select your buy Points not capitulate in FEAR.
Well in speculation term it is important to consider the momentum but if buying for a long-term investment I think it is good to buy a any desirable price.
Following you now. I bought ETH and LTC when they were at the bottom today and feel good. I'm thinking about picking up a little steam, but not convinced yet. When I do not buy it usually goes up so maybe that means it's a good buy.
It is a good buy when you are holding and feel good.