The Crypto Market Report - Bitcoin | Make Sure Your Are Use Stop-Loss
Bitcoin is again trading near $8800 but still the market is not looking so much bullish. Bitcoin is still not stable.
Hi Everyone,
The market is not stable right now. Bitcoin is fluctuating $8200 - $8800. My portfolio is also fluctuating, in morning it was up, in noon it was down and again it is up now.
Currently bitcoin is trading above $8800 but don't think that the market will pump now, it can dump again and if bitcoin go below $8200 then it can dump below to $7800. Which can cause all market crash and bleed.
Don't forget to put stop-loss on your investments otherwise you can lose your investment in the dump. If you don't know, how to use stop-loss then you can read my post on How To Use Stop loss.
Here is how the top coins of the market looks like on coin market cap.
Some of the coins are green and some are red because of the instability in the market. Instability cause alt coins to dump. When bitcoin dump by 5% all the market goes down by 20% or more sometime.
Steem is doing good right now in the market after a down of near $2.50.
It was a great opportunity for the traders to buy the Steem in a high discounted price. Currently it is trading above $3.20. So it is near 25% profit for the dip buyers.
Steem dollar is also at good profit. It was near $2 some days ago and now it is trading near $2.60.
So what i want to say is don't get trapped by these temporary up and down falls of the market. Nobody knows that where it will go in next minute. So be careful and don;t forget to use stop- loss on your investments.
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
Bro in my view crypto currency business is nothing but a gamble and will remain till cryptos are not become tool of day to day buying and selling. Without real world application, they would remain only a tool of speculation. You rightfully advised to put stop loss. Perhaps people won't loss as much as they can if they don't do this. Hoping for a good fortune.
Crypto is a gamble for the users who don't have knowledge about the market and who invest in the market by listening to other or without proper research.
But if you are good at crypto then you can earn huge by your knowledge. So the crypto market is gamble for the user who don't have knowledge.