On today's episode of The Cryptoverse, the bears are well and truly out of the cage. Out of the top 100 coins, 97 of them are down and down hard. Meanwhile Bitcoin shows it's resilience and regains some market share.
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FUD is everywhere @marketingmonk. This could just be the beginning of a bear market. Who knows? I'm not gonna pretend to be smarter than the market and sell my crypto now to buy back lower (tried that before and bit me hard). Great vid man!
How I wish I had more money. I'm all spent from buying on top and on the decline and now this! Sucks to be me.
Then buy again next payday. They call it Averaging. Good Luck! :)
That's what I'm planning to do if you ask me.
Yeah right! Then it's back up when I buy again. Lol!
Same here... I want to buy more cryptos, when they are in the red, but I already bought during the last dips and have no unlimited funds.
So when you say "No trading in No man's land", does that include buys?
Yes, in my trading plan it means no trading that asset at all.
I'll be honest, this recent downturn kinda kicked my ass but I have a feeling that as we approach the August 1st date, and people start to realize that a Bitcoin hardfork is highly unlikely (and may very well not even be needed in the short/medium term) that Bitcoin should boost back up, along with many of the other cryptos. I guess only time will tell (crosses fingers, takes a deep breath, crosses toes as well...)
Also, I heard a great quote recently...
"This is a FinTech revolution that is gradually going to replace the old system of money and asset ownership in its entirety, and that fact has not changed..."
I forget who said this, maybe Chris knows (lol). All kidding aside, this was a great line by the way!
Good show today, Great analytical insight. I think some will level off now, other will continue the down trend.
Hold, hold.... hold!
Thanks marketingmonk! ... just a newbie to cryptos and steemit, but I like and agree with your comments. Bitcoin did weather it quite well, as did litecoin. Actually I used this little mini-swoon to grab a few more litecoin at $45 ... :-)
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