Hi Steemians,
So, I've been keeping an eye on the crypto market and it seems like the upward trend has given way to downward trend for the last week or so. If we leave aside Ethereum and Bitshares, I think most of the other coins are loosing value. Just saw Digibyte go down by almost 60-70% within a day. The result is pretty much the same for most of the other coins. Does anybody knows what's going on? Are the big Whales pulling their money out?
Is it just me or others have noticed this as well?
if bitcoin is going down, (almost) everything else is going down, because they are following bitcoin. on the other hand, if bitcoin is going up, the others are following again .. some exceptions are ether, zcash, and others ...
Yeah that's true but for the last few days Bitcoin was moving up but other alt coins were sliding down. Not sure, but but it's a really weird situation in the market.
down down down....
Well because ...Maybe Bitcoin is topping out...
That kinda hurts sentiment.
Yeah, normally the slide down stays for a day or two but it's been like 2 weeks with such a downward trend. Hope it'll pass soon.
...just another pullback...when was the last one....2 weeks ago....it has to happen again.....and some profit taken......this morning was still ok....almost eveything was in the green....
dont worry,watch and load up some more of then ones u like....but dont catch a falling knife...
i'm watching now....
good luck to all....
Hmm, yeah you may be right @urs. Let's see what tomorrow brings.
thats a good idea....sleep over it and lets see...im gonna do the same....no rush...the market still gonna be there 2mrow.....c ya....
Haha, great advice! Follw'd you @urs.