The Crypto Market Update Report - The Market Is Down Temporarily | Steem At Very Discounted Price

in #busy6 years ago (edited)

The whole market is down again and bleeding. It was green just 3-4 days ago.

btc.jpg

https://steemitimages.com/0x0/https://ipfs.busy.org/ipfs/QmP4DdBjuHXx5HNyWVrkQZLYLNquADwwq2Gxd1ktQYKv3Y

HI Everyone,

Today i when i wake up i saw that the market is still red. From last 1.5 months Bitcoin is struggling between $6000 - $7000. Once it was down at near $5800 too.

I am not trading on crypto from last some weeks because i found that the market is unstable and any decision can give losses. It seems that the market is still manipulated by whales.

So better stay away and try to trade only on news based currencies.

When it was january or february. I was hoping that the market will pump in 3-4 months and then i will able to make 2-3x profit at least from market but i was wrong. I get to know that those coins are down from that time and in last 6 months i meet some more losses instead of profit.

That’s why I decided to stay away and hold till the end of year at least because everyone know that the market pump every time in the end of year if we look at the history.

Steem is very down, lower then my expectation. It is around $1.28 which was above $1.60 just 3-4 days ago.

steem.jpg

https://steemitimages.com/0x0/https://ipfs.busy.org/ipfs/QmP4DdBjuHXx5HNyWVrkQZLYLNquADwwq2Gxd1ktQYKv3Y

Steem dollar is also following the same chart and trading at only $1.7

sbd.jpg

https://steemitimages.com/0x0/https://ipfs.busy.org/ipfs/QmP4DdBjuHXx5HNyWVrkQZLYLNquADwwq2Gxd1ktQYKv3Y

If we look at the top 15 coins of the market then here is how they looks, most of them are red.

market.jpg

https://steemitimages.com/0x0/https://ipfs.busy.org/ipfs/QmP4DdBjuHXx5HNyWVrkQZLYLNquADwwq2Gxd1ktQYKv3Y

Nothing is permanent in crypto market. Changes are the rule of nature and same apply to crypto market. Pump or dump can’t be permanent. It can take some time to change but it will happen.

That’s why I am saying that the market is red temporarily

The market cap is also not going so good and at current below $250B but soon it will be again above $500B as like new year.

mkt.jpg

https://steemitimages.com/0x0/https://ipfs.busy.org/ipfs/QmP4DdBjuHXx5HNyWVrkQZLYLNquADwwq2Gxd1ktQYKv3Y

Please do not take it as a financial advise. THIS IS NOT A BUY REQUEST. It is just my analysis,opinion and result of readings. So before investing in any Crypto currency, do your own research first. I will not be responsible for any losses

Thanks for reading...

If you like my post or interested in Crypto info, then you can follow me for more

And don't forget to upvote my post

Your Single Upvote-Comment-Resteem Can Make Me Smile :)

https://steemitimages.com/0x0/https://ipfs.busy.org/ipfs/QmSWMQKzmTMVMQVTxo337Y3je1BwvEcTvLy5ikC3WbXAsW

Sort:  

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Rahulsaini from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

The price for our service has increased to 0.150 or 0.151 SBD, Thank you.

Congratulations @rahulsaini! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!