Hello reader!! I am very new to this crypto currency thing and looking forward to invest in them. Observing the fluctuations in the prices of crypto currencies, specially from few days, it feels quite risky to invest in them. Since the prices are seeing a steep downfall it must be the best time to invest in them but who knows if they don't get high enough for me to earn profit. Anyways I got some data which you'll might be interested in.
Cryptocurrencies are encountering one of the most severe decreases in value in history. The market cap fell from $116 billion in June to $60 billion on 17th July. However, now they have started to rise but the risk still remains. According to Coindesk, Bitcoin is back at $2,000 once more and Ether has risen to $196.58. The total market cap has regained losses of around $10 billion.
The market is restoring back but it is long way off the successes it enjoyed in June. This is my cause of concern that the prices won't go that high back, at least for this month. However, there is always loss and gain in market so there is still hope. Please do reply your views and opinions, I would love to hear them.
This post received a 4.1% upvote from @randowhale thanks to @wthomas! For more information, click here!
@wthomas Thank you so much.
My Pleasure. Keep on posting.
I just followed you
I just followed you, it's Samuel Joseph from Facebook
Thanks
You didn't resteem mine like u said u did, so I'll just follow u only
Did it now.
I've resteemed anyway
I hope that steem goes up again ...
The hope is still alive.