FUD Friday!! Green / SidewaysTrading Day Market Report on| Crypto 101 Market Update: Welcome to FUD Fridays Again! | New Crypto Fam: Markets Usually Dip on Fridays, Do not Panic Sell/Buy. Weekly Reminder / Advice.

in #eos7 years ago (edited)


Perspective:


Yay!! Some continued GREEN today in the markets on FUD Friday!


-- We have made some excellent recovery and gains this week.

-- We are up ~$50B in 7 days for total crypto space market cap.

Today, the market is basically spotted about 50/50 in red and green -- it is clearly showing most of the coins up or down 1 or 2% and basically holding steady -- or what is known as trading sideways. Gathering support / consolidation - usually good signs.

We will take it after the last few weeks!

--

OK... I know the whole last month + has been bad for crypto. I get that.

I like to report good news, it simply is not always possible .

As of prior weekly reports here, we had lost $160B in the 7 days prior to THAT last report here.... for total crypto space market cap losses. It then got worse as total crypto market cap dipped below the $300B mark briefly.

Sigh.

We also have so many new people arriving to Steemit and crypto every day.... this once a week reminder is for them.

-- TOTAL CRYPTO MARKET CAP --- Today at $478B -- .48 TRILLION now in the space!


FUD Fridays is a thing.


Today is great sure..... but not long ago, remember it was:

... About 98% Red... with a Little Green every week Week on FUD Friday! Just like Christmas! LOL.

We have had a TOUGH few weeks since the Christmas season again in the markets, like --- epic proportions bad. ....continued

Half the market cap was lost overall pretty much during the Christmas season as we know..... and most coins went down half their value or so - some moreso -- in a 2 day period or so then.



Nothing is fully "recovered" still today. Depends on how you measure things. If you feel the total market was oversold when we hit the $830B market caps, and needed corrections, then we are OK.

We have had 2 or 3 BIG Fridays this last couple months with a lot of green in them!

I like to see that.

-- We definitely have been in a "sideways-recovery triage" as it seems to me the last few weeks. But downwards we have gone since that epic Christmas season high point.

Corrections -- were needed and came in the market.


The total market cap is JUST UP again.... only slightly... but we have seen losses in the total sector again the last 2 weeks.

Our high for the last 90 days was a big one on Jan. 7th as you can see where I hovered - $831B

(90 day chart used to cover all the highs and the lows)


When you see dips in coins you like or believe in - fundamentally or otherwise, it is your signal to

https://steemit.com/bitcoin/@barrydutton/5eqaim-we-all-gotta-learn-so-i-keep-saying-it-or-short-form-post


Market TLDR Overview Lately:


We started seeing a MUCH deeper correction in the markets in December after huge ATH's that month... that amazing Dec. is well past us now.

We had lost nearly 1/2 of total market cap, and the whole market had been basically bleeding out in the red on and off since mid Dec. - aprox. Dec. 21st actually.

The only real high (was huge) - was that Jan. 7th moonshot period we just mentioned above.


Crypto Market Cap - Top Coins TODAY by market cap -- note the red/green balance:




Recent Market Milestones - TLDR:

Continued


~ Many weeks ago, we dropped from ~$ 630B total crypto market cap to around $570B (- $90B) in about 12 hours and then overnite around then, we dropped below the $520B mark, about 24 hrs after the bleeding started.

It kept dropping with minor upswings the last ~55 days or so.

That means we lost about $110B of cap, in 24 hours. Half in about 48 hours.

We went from that ~$730B mark to $495B since I typed this update, weeks ago.

It then dropped further meaning about $135B in losses which sustained in and out over a week or so.

We climbed crazy highs until late Dec. 20th as charts show, when we then hit about 12 days of pre-Christmas blues in the sector losing a ton, and seeing market corrections:

Then again not long ago, similar happened.... we had climbed back to recovery levels around $700B...... and then in 2 hours late one night, we lost about $250B. I watched it live.

I bought the dip.

The whole last month really, we have continued the drop, BTC has dropped below $10K USD several times the last several weeks and the market cap / total ---- for crypto continues to recover as I type this.

This seems to largely be a yearly Christmas season / Jan/Feb correction.

Still, it dropped below $420B for the first time since Feb. 4th/10 as you can see here: 90 Day View:


The last year: Always zoom out for perspective:

I hovered over the high point there at $814B on Jan. 7th 2018:

I like to report good news, it simply is not always possible as I said earlier.


The last month: Again Jan. 20th at $637B total market cap monthly HIGH:

Ups and downs.... but a pattern of higher lows after pullbacks/corrections has emerged. That's healthy.

... but is has continued downards until the last ~week or so.

The big recent high I hovered over is 1-20-2018 at about $637B as I have said a few times here.


Newer Steemit/Crypto family:

Many Fridays - Crypto markets often go RED.

Or the gains in the green are small.

It's a trend, just be aware. Remain Calm!


EOS & Bitshares This Week:


-- EOS and BTS (Bitshares) both had another decent week despite big market corrections!!

-- I wrote about it awhile back, but things change so quickly in volatile crypto markets....

https://steemit.com/eos/@barrydutton/crypto-sale-again-get-to-buyin-that-dip-or-30-50-coins-on-sale-crypto-market-dips-usd20b-coins-on-sale-bitshares-eos-hanging

-- so I remain solid and happy about those projects.

They are both undervalued, IMHO in many ways and really held up during the Crashenings of the last 2 months !

-- These are 2 coins/projects/infrastructures/communities that a lot of Steemit users follow, engage with and use.

-- Definitely things for the new user to look into.


Another crazy week in Crypto!


4 Factors to Consider/Watch:


1/ I believe since the Bitcoin chains (yes, you have to include them) is worth so much, and had another crazy week of mooning and breaking huge new ATH's a few times, any loss in total market cap/share for BTC comes from the (2 main / BTC/BCH) Bitcoin chains at the top of the charts.

2/ It shows in the Bitcoin Dominance % at the top of the CoinmarketCap.com page. It's down quite a few % points again this week from my last reports here, 7 days ago, and every Friday.

3/ If you look at the Top 30 or 50 coins in the market, today, a lot of them were in the green, even just a little or with some huge gains, as some money in the space and recent pullbacks has left BTC and went to the Alt Coins, a trend we see all the time. Not today, whole market showing a lot of red and green -- around 50/50 or 70/30 (red/green) perhaps, as we have said here.

4/ But some things have changed.

These days now, there is a growing trend, the money STAYS in the alt coins, as the "Bitcoin Civil War/Problems" rage on.
Look at their collective gains (say, the green numbers everywhere) as well as the:


-- TOTAL CRYPTO MARKET CAP --- Today at $478B -- .48 TRILLION now in the space!


Will we get back to approaching / living in new / recent ATH's in total market cap of about $760 - 800B range -- finding some support in that area on and off the last weeks.?

Time will tell but I say yes.


Tips:


-- Do your best to remain calm, look at trends and charts for a week, a month and so on.

-- Remain in the game. Do not panic sell or buy ever.

-- Understand the psychology of FUD and FOMO (Fear Uncertainty/Doubt and Fear of Missing Out)

-- Dips are MOST OFTEN JUST CORRECTIONS -- not crashes. Know the difference - Find peace in this.

-- Only Invest What You Can Afford to Lose and Invest in Projects/People/Crypto You Believe In.

Not Investment Advice / Do Your Own Research Always.

We have had some decent weeks in Crypto til recently.... but Fridays often mean the market sees red and loses some value.

It also means that the market often can show small gains (in the green) of 0.2 to 3% -- in the green but small so take note of this also.

Just continue to be aware of these trends.


It climbed a TON this last 2 months or so, but with some deep corrections in the red as we have discussed --- making HUGE new recent losses and ATL's!!! (Lows)

The last few weeks or so as we have discussed, has seen:

  • Crossing the $630B mark - up and down about 17% in big volatile swings....

  • Crossing the $830B mark for 2 sharp peaks for ATH's - Jan. 7th and 8th .

  • Recently dumpening below the $500B / $530B marks and back up - support and consolidation lines for the 1st real time, in ~2 weeks around the ~$550B mark before finding new highs and support there as stated just above.

  • Cotinued dumpenings past $600B, past $500B and dropping today, to low points, nearing the $400B mark sadly.

  • Cotinued dumpening recently into the $395B range, something many of us never expected to see, even though we knew the space was overbought and had mooned too quickly during the 2017 fiscal year.

  • Recovery in earnest seems to have started after about Feb. 8th or so seeing consolidations and moves north in the charts steadily.

--

Recent Series Updates: (Newest to Oldest):

--

https://steemit.com/eos/@barrydutton/green-day-market-report-on-fud-friday-or-crypto-101-market-update-welcome-to-fud-fridays-again-or-new-crypto-fam-markets-usually

https://steemit.com/eos/@barrydutton/55umyt-crypto-101-market-update-welcome-to-fud-fridays-again-or-new-crypto-fam-markets-usually-dip-on-fridays-do-not-panic-sell-buy

https://steemit.com/eos/@barrydutton/crypto-101-market-update-welcome-to-fud-fridays-again-or-new-crypto-fam-markets-usually-dip-on-fridays-do-not-panic-sell-buy

https://steemit.com/eos/@barrydutton/439ld1-crypto-101-market-update-welcome-to-fud-fridays-again-or-updated-or-new-crypto-fam-markets-usually-dip-on-fridays-do-not-panic

https://steemit.com/eos/@barrydutton/crypto-101-market-update-welcome-to-fud-fridays-again-or-updated-or-new-crypto-fam-markets-usually-dip-on-fridays-do-not-panic

https://steemit.com/eos/@barrydutton/34pzw2-crypto-101-welcome-to-fud-fridays-again-or-updated-or-new-crypto-fam-markets-usually-dip-on-fridays-do-not-panic-sell-buy-weekly

https://steemit.com/bitshares/@barrydutton/5zhvkj-crypto-101-welcome-to-fud-fridays-again-or-updated-or-new-crypto-fam-markets-usually-dip-on-fridays-do-not-panic-sell-buy-weekly

https://steemit.com/bitshares/@barrydutton/4v2pun-crypto-101-welcome-to-fud-fridays-again-or-updated-or-new-crypto-fam-markets-usually-dip-on-fridays-do-not-panic-sell-buy-weekly

It was $538B Market Cap after smashing past 400 and 450B inside of a day.... as we said above in the post recently....and Trending Historically is UP! ( recent update factoid quote by myself there)



Perspective, Always I Keep Saying - is Crucial!


When the market dips or gains overall -- always remember BITCOIN (and the related BTC forks) often controls 50% or more of the market -- as the coin with generally the most volume - most worth overall -- and that first mover advantage being first in the space in 2009.

When there is a lot of red in the rest of the market and when a HUGE value coin like BTC is up over 3, 4 or 6% for a day -- it will control a LOT of the market GAINS. And Losses! -- if it is down by larger numbers like that.


Trending UP Long Term! - Perspective = 1-Year Chart:

-- Reminder from CoinMarketCap.com showing the last 1 year of Total Crypto Market Cap:


But it is important to remain consistent and balanced in things, like I always try to do.

--- that is why I will continue to share this message overall -- with all the new people coming to crypto/Steemit daily!



I Repeat the Following Tips!! :

-- General Reminder remains the same, knowing the average trend we often see!!!

-- Do your best to remain calm, look at trends and charts for a week, a month and so on.

-- Remain in the game. Do not panic sell or buy ever.

-- Dips are corrections -- not crashes.

Market Cycles are normal and REPEAT --- https://steemit.com/money/@barrydutton/economic-cycles-repeat-what-goes-down-must-come-up-learn-this-and-why-and-remain-healthy-emotionally-financially-and-spiritually



FUD: Fear/Uncertainty/Doubt

FOMO: Fear Of Missing Out


Well, what else can you say really.

It's not for the faint of heart and if you are new, I hope red is your favorite colour........ it happens regularly in the volatile Crypto markets

I wish you the best daily-- and that you have a nice weekend.


Thanks for reading, have a nice day.


My Philosophy In Daily Life & Travels:


I have always tried to be kind to people every day, as part of my life Philosophy, since I have always believed we can achieve more TOGETHER.



My path to Crypto is with you guys and we are on the path to Liberty.


We are all early adopters here, if you are even close to reading this today.

Be encouraged.



If you online search my name + PIZZA -- you will see my deep love of the pie as I seek to eat it, wherever I am, or whatever I am doing.


Life Goals:


-- Get Paid to Travel and Blog about Pizza & Those Travels.

-- Buy a Pizza Store.

-- Become Crypto Currency Independent and Love Liberty and Life!

-- Continue to Hold and Sell Real Estate as I have done for clients since 1991.

Don't let anyone tell you twins are a problem ever!!!!!

FUD or no FUD!!!







If you liked this blog post - please Resteem it and share good content with others!

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Some of my recent blogs:

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https://steemit.com/steemitcampfire/@barrydutton/steemitcampfire-series-weekend-41-is-tonight-just-a-reminder-and-runs-all-weekend-again-starts-in-a-few-hours-consider

https://steemit.com/steemit/@barrydutton/facebook-wallet-fridays-show-me-yours-or-e-34-or-that-s-right-think-on-that-a-series-for-outreach-and-to-give-fb-the-business

https://steemit.com/steemit/@barrydutton/sos-project-support-our-steemians-daily-donation-challenge-report-15-to-support-our-friends-on-steemit-in-independent-media

https://steemit.com/news/@barrydutton/false-flag-ron-paul-liberty-report-today-another-school-shooting-tragedy-where-was-the-fbi-video-10-mins

https://steemit.com/travel/@barrydutton/parrotheads-unite-margaritaville-resort-orlando-to-open-this-year-jimmy-buffett-is-the-man-still-overview-brief-video


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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, I just do not have that time in my life right now, and that includes for replies and voting/curation.
I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.

Carry On.


Sort:  

Such great analysis and overviews/reminders here, great work as always!!!

Well not always there are great news so it's alright to post some negative stuff as well Barry ! It's not like you are going to lose us = ) We readers are here because we appreciate your content regardless.

Thank you for contributing to the Steemit Community.Keep up the great work and I'm looking forward to your next posts.

Appreciate the kind words, thank you.

FUD Friday and I'm feelin' OK.

What's the over/under on the date the crypto market hits the Big $1T?

Sooner than most think.

I told friends that were messaging me, brand new to crypto and finally I hear from them.......

that wait til after the Chinese New Year was over.

I told them 2 weeks ago, give it...

20 days til we are on the rise steadily again with support.

-- so far so good.

To answer you I think April 5th or so for the $1T

There was a big surprise before. But I follow this to be better. We expect higher exchange rates, so excitement continues to increase.

GOOD BOOS..............

I'll take that market analysis, looks good to me!
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