The World of Cryptocurrency - Crypto Market on Red
Recently, some altcoins showing profitable trades while bitcoin still struggling for a month now. As I opened the coinmarketcap, it's a total bloodbath in the cryptoworld - it's almost 98% that were in red, it's like a hailstorm that was dropping from the sky. Cryptonians was used to this roller coaster ride and still hopeful for the coin's recovery. We see it in a positive way - Its high time to buy coins now while they are crashing and wait for it to rise again for us to sell it.
Some news that was circulating on the web that happened in South Korea that the government were doing what China did last year - they're trying to ban cryptocurrency trading and things like that and basically coinmarketcap removed all the south Korean exchanges from the market which dropped Ripple's market cap alone by 20 billion and a lot of other coins market caps as well. That caused a lot of FUD in the market and a lot of people were panicked selling and these resulted in a total bloodbath in the coinmarketcap.
But as of now nothing is finalized upon this news, so I'll be looking to see South Korea to put in some regulations of this virtual coins and things will go on as usual - the same thing happened with China last year that they banned also the exchanges. South Korean crypto investors were in great turmoil but I am certain that these will not hinder our fellow cryptonians to stop engaging in cryptocurrency. Let's just hope that everything will be fine in the next few days.
Guys, go invest in EOS asap!
I can see a real bright future for this coin.💰
i think i will consider this EOS, ill will bet just a few cents on this too :)
I bought some back in the $1 range, not as much as I should have, but that's what I've said about every coin I've ever bought :) Anyway, EOS is (in my opinion) a great coin. Their team is amazing, and they just recently started marketing, which is crazy to think about, considering the price went up so quickly without them doing much marketing at all. But, I definitely agree. This is a great coin to invest in.
FANTASTIC POST............................................
Bitcoin next leg
https://steemit.com/bitcoin/@salahuddin2004/bitcoin-will-retest-20-k-before-30-march-2018
sir i share something
Top Cryptocurrencies Pending Price Target and their due dates
https://steemit.com/cryptocurrencies/@salahuddin2004/top-cryptocurrencies-pending-price-target-and-their-due-dates
Lots & lots of buying opportunities right now!
Resteem & upvote done!
thanks
You're most welcome.
@elizahfhaye
People need to start sharing these posts rather than daily snap shots.. Market Correction is normal
were on track now, everything is green, lol
The loss of confidence in Bitcoin by its current investors makes the crypto space seem even more scarier to those who have wanted to invest. We should not be selling but buying people. We must have faith in this new technology of currency. Don't panic. The market will climb again. Patience is now key. Let's remove ourselves from the crypto space for a while. Spend sometime with love ones or read a book that you've been putting off reading. Stay Calm guys. We will win in the end.
Patience is necessary for any investment. When you first invest in something you have to do all the math. But once you are confident and invested, you should stay invested even if the market fluctuates. For long term investors it is the right time to buy more and accumulate. If you have money invest on some of the emerging cryptocurrencies.
agree with yah. we really need patience in this kind of business but also we need to learn to prevent losses along the way
The government is making many confusions about cryptocurrency in the world market.
they simply dont like crypto since they were not earning from it.
I agree! The ups and the downs are what make this market healthy. If the market only ever went up, that would certainly be great. But, the market can't ever establish loyalty if it only ever went up. Without loyalty, the market just needs a bit of FUD, or a small dip, and everyone would exit. With these "crashes", we can allow those who don't want to be in the market to exit, and we can allow those who believe in this market to enter, thus strengthening the market. (Note: this is one benefit seen during ups and downs, not all.)
This kind of business is like riding on a rollercoaster, we should know how to play the game otherwise you will go bankrupt, lol
I completely agree. I get bummed seeing and hearing about so many individuals losing money in this "game." If nothing else, I just want people to invest a little bit of money they can afford losing, and then not look at it again for the next year. lol.
bad news cryptocurrency
lol
thank you @elizahfhaye for the post. With regards to what is happening in South Korea is either total lack of govt. policy or coordination, or they are sending out trial balloons to gauge reactions. I think they have just been caught off guard on how quickly it has developed and spread.
but there are news that were surfacing now that it is not true south korean govt banned crypto, its just a propaganda. There were confusions in the web, lol
I really love the way this community owns this system and they care for steem.I haven't seen this kind of enthusiasm anywhere else where everyone relies on the devs.
Good work, yeah this year belongs to steem.
steem may be one of the top 10 in the coinmarket cap someday since their platform is very unique and a social-media type entity ;)