Hello Crypto-Traders and Miners,
In addition to BitCoin, there are other cryptos, such as Ethereum or LiteCoin and many others. In the past months, all cryptos were found on enormous heights.
Bitcoin had an incredible high altitude flight since the beginning of this year.
ZeroHedge currently reports that "cryptocurrency in the early morning were all simultaneously affected by sales pressure" and a trader is quoted as saying:
"It's a real bloodbath."
Of the 30 largest Cryptocurrencys, measured by market capitalization, 29 are in the red zone
There are currently no known reasons for the slump in the market.
The only suspect is that the upcoming code changes at BitCoin are responsible for this.
In the following screenshot series I would like to show you the market break using the example of Ethereum.
Let's get started
Here you can see the stand of Ethereum on 11.06.2017
A week later (18.06.2017), we see the Ethereum climbed to just under $ 380 so it reached a new all-time high
(Here you should have jumped from the sinking ship )
7 days later on June 24, 2017, the market slowly but surely collapses. As is also visible in Ethereum.
The following and last screenshots show the current value or the current values. Ethereum fell by just over 20%! (With reference to the above statement with the sinking ship would now be a very good time to buy again at Ethereum. If it rises again to the value of a week ago more than 20% profit would be possible.
You should not see the current market collapse as a "blood bath". But as a very good opportunity to buy and make good profit.
VoteUp and follow me for more Cryptocurrency news and for more topics @steemornot
best regards
Steemornot
I keep up with ZeroHedge but they're such sensationalists - very borderline click-bait.
its a freaking warzone right now
Rough day... hope we get a little rally over the rest of the week!
Time to hop in as much as possible good post.
Well done! This is the attitude! Upvoted. Let me follow you!
Do the same with me 😜
Thx, i follow you
I am actually hoping that it will drop more, so I can invest more. And when it rises again I will have made some money. It is predicted that it would fall, maybe even more, but then again it will rise again and double like 3 times by the end of the year. Just hold on to your investements. They are going to rise up again and maybe even more.
Yeah thats serious sheit going on here
thank you very much for this informative post
Resteemt Upvt Cheers Mate