Recently the market is seeing lower lows and lower highs I believe it has a lot to do with market manipulation. For some reason, everyone is cryptocurrency is a day trader now, people with no previous experience are risking thousands of dollars off a poor foundational understanding of investments. I have gone down this road so this is my attempt to save people.
Don’t fall into the trap that most new comers encounter in cryptocurrency, work for skill not for money. As an inspiring entrepreneur, this has been the biggest difference in my income, I used to look for quick money but “a fence that goes up fast falls faster”. The development of a skill is forever and no one can take that from you. If cryptocurrency is so valuable why waste your time manipulating the market for small gains when you can be adding value and accumulating coins for x10 gains in a longer time frame.
Before you invest your money!
Think about the time, energy, and emotions that go into trading it is just as hard as anything else. Simply put, if you have never traded before you probably SUCK. But this is completely understandable, right? If I’ve never golfed before I’d probably suck at golfing, nothing new. I’ve noticed that people do not think like this with cryptocurrency or money in general. Yes, it is a revolutionary concept but if you don’t comprehend it you can get burned.
Understanding all of this, I believe that it is the perfect time to invest, everything is very cheap and can pay off in the long run. As for day traders, I have nothing against the skill but I do have a problem with a school teacher quitting his job to become a cryptocurrency trader because he made a couple thousand off Ethereum (hypothetical of course). I love block-chain technology and I believe in the innovations it offers. Personally, I am a long-time holder and I will focus on adding value to the network.
Thank you for reading this and I hope it has been beneficial!
If you would like me to keep sharing content, please upvote and share!
Sincerely,
Alexander Lorenzo
yup bro market is down is great opportunity for us to hole coin like bitcoin and other i will very profitable for us :)
Agreed!
The only way to manipulate the crypto market is to buy up coins a little at a time and then dump them on the market all at once. There was an Ethereum flash crash recently where it briefly dropped to 9 cents on one of the exchanges.
Over the last 30, 7, and 1 days Ethereum is down 55%, 35%, and 15%.
You could have sold all your Ethereum at $300 and then bought back twice as much today. I sold all mine at $211. My cash is on the sidelines.
Yeah a lot of my friends did that too, smart move happy for you man!
its a big correction , just shopping time :)
Upvoted & Followed:)
Best sale ever!
Cryptosphere is the perfect place to learn day trading because in dollar terms all of them will go up up up in long term. Just buy low and sell high and you will be quite alright!
Here are my top 10 long term...
https://steemit.com/crypto/@cryptosphere/top-10-cryptos-of-the-future-july-15-2017-a-weekly-ranking-of-the-best-place-to-put-your-money-in-the-cryptosphere
Your right! just trying to help people that think its easy.