Why are crypto currencies bathing in so much red lately? My thoughts...
Cryptos. Blockchain technology. Two words.. THE FUTURE! Two more words.. DON'T PANIC!
Look I know for the noobs thats a tough proposition when you just invested for the first time and you're watching your investment tumble. Listen in the crypto world its very much the opposite of the rest of the investments out there. What goes down must come up! Why do I say this? Because thats exactly how it goes here in crypto land. Theres a "crash", more like a healthy correction, then cryptos reach new highs almost every single time. and usually within days.
The world of Bitcoin and Alt Coins is just getting started. All the bad publicity surrounding them comes from either the media, whose run by the banking elites, the general public who just dont understand it yet or people who sold early and missed the huge gains they could have made had they just held on for a few weeks and did not panic sell. This is a volatile market. More so than anything the world has ever seen. The best strategy is to buy on the dips and HOLD. HOLD HOLD HOLD! Or hodl lol if you prefer haha. But all joking aside this is the beginning of the next gold rush, and it has a ways to go. This perhaps could be the biggest transfer of wealth in human history!
Do your due diligence and put the time in to research this market and you will find that there is an opportunity like none other we have seen to date. I suggest that everyone at least learns how to set up accounts and have them ready just in case you decide to jump on the train. It slows down every once in a while just enough for the smart people to jump on just before it speeds up again. ready for the ride? Cryptos to the moon... the opportunity is now. Put your money down on the red and watch it turn to green! Good luck everyone. Lets make this ride one we will never forget.
I agree with this post 100 percent. There are really good coins out there that are just waiting for momentum. Golem, Bitbay, and Cloak are perfect examples. Just give it time and returns will come.
Patience is the key with trading in general. #cryptocurrency market is still a highly speculative arena that necessitates emphasizing. However, while acknowledging the risk, the potential reward is also high if #blockchain technology gains traction worldwide. That remains to be seen and we will see what the future holds but by being on #steemit you are by default among the early pioneers/adopters of this space, so congrats for that!
Hi~
Hi!
I have learnt a lot of patience since getting into alts and learnt that a little research goes a long way also.
Now that the Chinese and the Russians are looking into using blockchain technology to create their own state supported crypto currency, I think that the crypto field could get really interesting. I'm not sure if it will end up being a good thing or a bad thing for the crypto market in general, I guess that remains to be seen.