The bubble has not popped yet (15 % - 40 % down today) !!
The first thing I do when I wake up is to check coinmarketcap on my cellphone and look for green numbers,
to my surprise I got the opposite double digits in negative or in other words red numbers :O
The market is down a lot today, between 15-40% across the board for many cryptocurrency.
and I had to figure out the reason for this decline, since there must be something behind this.
After some research I found this article:
https://cointelegraph.com/news/crypto-market-suffers-from-uncertainty-in-asia-losses-up-to-40
It seems like more regulatory pressure from China and South Korea is the reason for this decline.
they have created a lot of fear which makes people want to sell their assets.
Not me I have a lot of faith that it will continue to see growth in 2018 and look at this as a healthy correction
and an opportunity to earn big percentages. wish I had some money left in my bank account to invest
but i burned a lot on New Year's celebration and I have not received my salary yet :(
I want to know if you've been selling out in fear since we've returned
to the 540b market cap mark or maybe it's better to ask what have you bought on sale :D
Bitcoin is dying and its dragging the entire market down with it. The markets are literally joined at the hip with BTC, and when BTC falls because people have realized how slow and unreliable it is, the larger market ( the new money, people who have been in the game for less than 5 months) panics as they believe that bitcoin IS the market, and if bitcoin fails, then everything else does. This is part of the issue when people like Warren Buffett go on record saying that "Bitcoin is a bubble and will burst" That part is true, for the most part, not many people are willing to pay $36 for a transaction, especially one that takes an hour or more to confirm, and even more so when the developers make little attempt to fix the BTC network -
But when everyday people hear things like this is causes a massive amount of irrational fear...coupled with news from South Korea which was false, as well as news from traditional outlets that claim the market and Bitcoin are constantly dying. We risk going into a free fall in prices within the next few weeks if people don't stop spreading false information. The market dropped by 30% just on false news and an assumption that Korea MIGHT POSSIBLY COULD BE MAYBE be banned from the markets. What would happen if over a 3 day period Fox News and CNN falsely reported that "Bitcoin" was going to be banned in the US, without any proper sources to back it up? The market would implode all based on a rumour. This is why its VERY important to not follow false channels, or people looking to hype coins, its causing the market to expand in a direction that it shouldnt be going, which is the hype, pump, dump and the market is burning scenarios. This has a lasting effect on the human mind, and we'll pay for it eventually.
it's so true that btc has some issues that need to be solved but I do not think it's bitcoin that has made the market fall so much today since the problems have been there for a while now and will be there a bit more and when it comes To the media, they love to be first out with "news" without double checking that what they are reporting is true. Even though they know its not that does not matter for them, they will publish it to sell newspapers. Personally, I have only insisted on the projects I feel have use case not any of the hype coinsa but thank you for your reply :D
Wow nice bitcoin post
It's just a market cycle so just hold and buy in dip :)
any tips what are you buying :D and why?
hi @madarauchiha please look my post https://steemit.com/money/@dim753/a-shopping-day-while-a-lot-of-people-is-selling-i-m-buying-some-good-coins there you can find some of my purchases. Regards
Hi. When you pay a bid at the last minute, pay attention that how much is profitable for that bot.
Paying 1 sbd at the last minute has caused everyone, including yourself, to lose as much as 22%
what are you talking about ? where did you get those numbers id love to know how to check it
This post has received a 22.22% upvote from @msp-bidbot thanks to: @madarauchiha. Delegate SP to this public bot and get paid daily: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP Don't delegate so much that you have less than 50SP left on your account.
this is ROI =-22%
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