Today Bitcoin and other Cryptocurrencies took a major dip today. Bitcoin almost drop 18% with potentially larger dips in other cryptocurrencies. The blame game has started with fingers pointing to South Korea and China. I was lucky enough to visit Seoul Bitcoin Center and found that there isn't any bad news coming from the government here!
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If you can't handle the 50% corrections, you don't deserve the 500% expansion ;)
All in green again... It could be a bull trap, but in the long run, I don't really care... If you believe in the future of blockchain than market phase are not something you need to worry about... I just made this article about how to act on bearhish market 2 dazs ago for newbies :) https://steemit.com/cryptocurrency/@kriptonoob/how-to-act-as-a-trader-on-the-bear-market
Litecoin Next Profit Price Target
@boxmining You got to love the fud, makes a perfect time to buy up some of your favorite cryptos :D Blockchain is here for good even if people like it or not xD Love your content though brotha been watching you for a while now. Keep it up !
Great video @Boxmining. I feel sorry for those who only got in to cryptocurrencies before the dip, as their ROI is likely to be negative at the moment if they cash out. That being said, I have seen many market dips before and with the current retracement, if I was in that position I would hold my coins until the markets surpass their previous highs again (which I believe they will greatly, but that's just my opinion).
You're completely right though, any time a country heavily vested in cryptocurrencies even mentions an exchange ban, prices start to plummet. This news from South Korea, coupled with the news from China, Bitconnect's closure (which was only a matter of time) and more news likely exaggerated the consolodation period that was need after the huge growth that was seen in December/early January.
Thanks for keeping us updated!
Im pretty happy with the bitconnect closure, i feel bad for the people that lost alot of money on it though xD We are in a very emotionally driven market, people get scared easily. Great comment though, liked it to move it up there so @boxmining will see it easier :D
I agree, it's good that it's gone, but it's sad for people who lost money! That's true. Thank you very much and hopefully!
You will only lose money if you sell xD in these times people just need to forget about there crypto and just hodl go outside a little do something fun haha.
Completely agree! Although I work full time in cryptos so can never get away for too long!
Well hell yeah i will check out your channel and give you a follow, if you live breath and sleep cryptos i am sure i will like your content anyways im off to bed brotha. Have a good one !
Thank you very much! I hope you do, any feedback on my posts is always appreciated. Enjoy!
In the future we'll look at this moments with nostalgia....
please see my BTC analysis
https://steemit.com/bitcoin/@philakonecrypto/bitcoin-btc-january-18-detailed-technical-analysis-support-has-been-found#comments
thanks for daily video about cryptocurrency @boxmining
Thanks for sharing cryptocrrency news..I like dube channel...
Some of the information was unknown thanks
This volatility will continue as the weak hands continue to give up on the assets. We will see some bounces that will again be sold off by these weak hands as they thy to breakeven from their entry points. Ultimately, it will be healthy for future prices as long as the teams behind the assets continue to support the projects and promote adoption.
This post has been Resteemed and Upvoted by @alaminbinamir
Governments around the world,
are using "Child Protection Agencies"
to take children away from loving families
and place them in foster care or group homes
or put up for adoption.
THESE FAMILIES NEED PROTECTING.
Thank-you @boxmining for supporting
i like it