Is this the end of CRYPTO ?What are the reasons ?
Hello Friends,
So we are back on Steemit now with daily new and interesting blogs.
INTRODUCTION:
This blog is all about recent collapse of Bitcoin followed by Altcoins this is because SEC has put an end to the recent ETF approval hype by delaying it till September 30.A slight negative news in the market is enough to shake it fully.
PRICE DIFFERENCES:
Bitcoin which was trading at around 8400-8500$ in the end of July is now at 6500$ within 10 days.This shows how big whales manipulate the market by creating fuds.And always newcomers and small investors are the ones which do panic selling.But in terms of price crash Altcoins beats the bitcoin they are in two digits price drop.
Yes, it a reality that Btc is now standing at 1/3 of its ATH but majority of the altcoins are about 90% dip. This is why we recommend you to be in Bitcoin more than 50% of your portfolio always.
Future of Crypto:
Those who keep saying end of crypto after every price fall are biggest loosers. Block chain technology is here to stay it can be a revolutionary change in our society like mobile phone inventions in early eighties. It is just the beginning of a new era.
We are not in loss unless we sell our holdings. Nobody likes the red candles in the market not even a CEO of a prominent coin but whatever comes up surely comes down too. Soon we will see greenery in the market for sure.
Conclusion:
So is this the end of Bitcoin and Crypto currencies- NO! This is just the start; very few people in the world know about it let the market explore. Just imagine your portfolios after 3-5 years.
1 Jaguar = 1 BTC, see you in the next blog.
Till then you can check our video for top altcoins you can buy now
Don't forget to comment down your thoughts and views about the blog below, this means a lot to us.
Thanks,
Sumit Kapoor
@moneyguruu
Very sad
In August 2017
We were thinking to have Bitcoin on 6500$ and now it’s there and we feeling as end of the crypto,
But I guess we need have faith in logic of crypto currency.
Market will boom definitely, just need to wait!
@real-info absolutely my friend only blockchain believers will make profit
hello dear i have just started working on steemit but i am not getting even 1 upvote how to get more upvotes please suggest something dear
THANKS
Market will grow up soon.
@moneyguruu Crypto will never get ended . It is the future. And I think atleast in Our Life it will not End. It might End in Our Next Life because Who Knows what better may Come. So I think We should not worry with these short term fall. Ups and Down phase comes in every part of our Life. So no need to worry for long term.
By the way Sir Thank you so much for this great Explaination.
@kmayegaindia thanks for the appreciation we are the part of the revolution
btc will definately cross ath
@rehan very high chances of touching ATH this year again!
Ok sir
Nice one
I think Btc will recover very soon and crossed $ 10k. What You say sir ??
@ravi7777 i a very much bullish about Btc like you, it will run like like anything in the long run
@moneyguruuThere is no chance for ath in this year. Because the all market manipulate by whales. When they want and think then the market up otherwise no chance to ath in this year.
Nice
Thanks
@moneyguruu sumit bhai what your prediction about bitcion in future because my some friend ask the question about it?
@moneyguruu hello sumit sir me aapka youtube subscriber karib 1 year se aapko me bahut lick krta hun mene abhi abhi steemit pr account banaya hai meri aap thodi help kr doge to aapki meherbani hogi