Markets sideways for almost 2 months now, are we out of the woods yet?

in #bitcoin6 years ago

Welcome back CryptoNation,

I would love to hear opinions and or views as to why this is. What I personally think is a lot of people purchased crypto on a credit card or some kind of a line of credit over the last 6 months. Then the market takes a huge dip and these same investors sold at a loss. Now this theory does not explain why we have been sideways although I do think I explains how we went up so fast and then down so fast. I've only been in crypto since around May of 2017 about the same time I began this blog.

So what do you think please comment below, best comments will always receive up votes from me and I would appreciateFigure-3-Sideways-Trend1.png a resteem if you found this article engaging.

Silver Crypto

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Hey hey brotha. Nice to find you on here. Right now my steem is delegated, but I'll be back in the voting game soon. Cheers.

@happymoneyman Cool man, you have a good spirit and the bitcoin gods will bless you

there has been a guiding article, thanks. I make resteem

@slashing Thanks for the support!

Could have made some money daytrading , but chose to hold . It's difficult to time the market .

@abhicrypto Me too, Today I will be selling a lot of my alts for more BTC. Then buy some more Steem power. Them more I use this platform the more it pays me. So get to blogging :)

people love easy money.I hope no one will sink

@fidofinans I do too haha. Usually if it seems to good to be true, it is.

I feel sorry for people who purchased cryptos on credit card. They lost in two ways first due to big dip in crypto currency secondly to give extra money on credit card. It is not a wise idea to buy crypto on credit card. Thanks for sharing.

@kamchore I do as well, it must be so tempting. Luckily I never did this. Stick around for future content and give me a follow. I always upvote great comments.

Good post, thanks. I resteemed

@verton Thanks and hope to see more comments from you soon :) follow if you are not already.

Sideways markets are the perfect opportunity to day-trade on volatility. Just buy and sell the same crypto everyday, and the compound interest will add up.

@remotediscovery Where can I learn to do this?

Very good post. I will to help, thanks.

@mamicco You are appreciated, please visit soon and follow if not already. Thanks

Hola @thetruth36, yo no estoy muy familiarizada mucho con esto de la Cripto moneda, pero me parece muy interesante que nos hables de este tema ya que con el poco tiempo que llevo en Steemit he notado que muchas personas hablan de este tema y me gustaría saber más para poder dar mis opiniones.

@krystel Muchas Gracias!!!

owo sir its really great post @thetruth36 thanks for shareing this
:)

@deybala You made a nice comment, please follow and keep it touch.

beautifull blog excellant explined sir @thetruh thanks for shareing thuis
its very helpfull

@sansastart Nice to see you stopping by again, thanks for the support. Hope all is well.

I have no more knowlege of crypto, but i am trying to learning 🙂
can i say something?

@hazelalex I love to see people learning and expanding on what they know. Please comment and upvote for free steem!!

im not pro in crypto... but i think its depend of buy and sell...

@roykie17 You don't need to be a pro, but if you would like to be sure to learn as much as you can.

Beautiful explanation friend

@mnishh You are very nice , be sure to stick around for new content coming soon.

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