GOOD AFTERNOON STEEMIT!
For the sake of your mental health, don’t look if you haven’t yet, because cryptocurrency markets are a sea of red today.
This is on the back of RUMOURED news out of South Korea. Well not only rumoured news from a minister, but also TRANSLATED, rumoured news.
Take a look at the CNBC article regarding the news here: Bitcoin falls 9% as one of the world's biggest cryptocurrency markets readies a bill to ban trading:
South Korea's justice minister said on Thursday that a bill is being prepared to ban all cryptocurrency trading in the country.
Seriously, what could go wrong here? 😂
But Bitcoin is still getting smashed:
BTC/USD Daily
Now check out this part:
According to industry website CryptoCompare, more than 10 percent of ethereum is traded against the South Korean won — the second largest concentration in terms of fiat currencies behind the dollar. Meanwhile, 5 percent of all bitcoin are traded against the won.
So Bitcoin is down over 10% on the news, but South Korea accounts for just 5% of volume? Can you say fear, uncertainty and doubt?
BTMFD!
Now remember I was asking whether you miss the Ripple breakout? and saying that you’ll get a panic spike pullback to get in at good technical levels? Check out the updated daily today:
XRP/USD Daily
There are opportunities coming. Be ready to take advantage of them.
Peace.
Instagram: @forexbrokr
Website: www.forexbrokr.com
Why does this always happen when I sleep? Wrong timezone? damnit..
You’re in Europe, you’re in the good Timezone for trading. It’s us in the Asian Timezone that struggle ;)
Thanks For Such Advice i Love To Get more in Futute Gona Follow You
Thanks mate. I try.
if your prediction about bitcoin in this year would be the price will be in the past year or even going down again
🤙🏻.
Which currency should I stock up in this dip season.
I already stocked up ample ripple coins. Any other alts to buy atm
STEEM 😎.
Thats a great choice atm I suppose.
Thanks for the advice , my cardano and einsteinuim are getting smashed but I know its time to go long and HOLDDDDDD like Braveheart !!!This ain't my first rodeo.
What the heck is Einsteinium? 😂
Haha I know it always has that response . It is a coin that is geared towards funding scientific research. So that concept has me attracted ethically. The coin recently had a spike and then dropped due to a rumour about the coin being paired with Apple. The company came out and said this is just a rumour and this is not happening resulting in a sell off. Many people would back off at this point and have but I don't see it as a problem its an honest reponse and nothing to do with the tech of the coin. Finally I did see it was mentioned in an article in business insider. Currently at 60c , website looks good with progress road maps so might be worth a gander. Hope this answers your question. Steem on !!!!
Thanks man, I’ll definitely check it out further :)
I’ve given you a follow and will see you around!
No worries I dont post too much about crypto normally me fooling around with instruments or a skateboard . However I normally slide a crypto post in when I can. Here is the article http://uk.businessinsider.com/cryptocurrency-for-scientific-research-is-up-even-more-than-bitcoin-2017-12
Good job, @forexbrokr!
South Korea will make a deep correction for almost all crypto-currencies! We need to wait for better times to buy!
I'm interested in your opinion on Litecoin. If it's not difficult, can you comment please?
Thank you for the article, forexbrokr !!! Resteem from me. https://steemit.com/trading/@maksym7/good-morning-my-dear-steemians-bitcoin-ripple-litecoin
Not sure if I agree it will be deep. I think it’s way overblown already.