The Crypto Market Update Report - The Market Is Down Temporarily | Steem At Very Discounted Price
The whole market is down again and bleeding. It was green just 3-4 days ago.
HI Everyone,
Today i when i wake up i saw that the market is still red. From last 1.5 months Bitcoin is struggling between $6000 - $7000. Once it was down at near $5800 too.
I am not trading on crypto from last some weeks because i found that the market is unstable and any decision can give losses. It seems that the market is still manipulated by whales.
So better stay away and try to trade only on news based currencies.
When it was january or february. I was hoping that the market will pump in 3-4 months and then i will able to make 2-3x profit at least from market but i was wrong. I get to know that those coins are down from that time and in last 6 months i meet some more losses instead of profit.
That’s why I decided to stay away and hold till the end of year at least because everyone know that the market pump every time in the end of year if we look at the history.
Steem is very down, lower then my expectation. It is around $1.28 which was above $1.60 just 3-4 days ago.
Steem dollar is also following the same chart and trading at only $1.7
If we look at the top 15 coins of the market then here is how they looks, most of them are red.
Nothing is permanent in crypto market. Changes are the rule of nature and same apply to crypto market. Pump or dump can’t be permanent. It can take some time to change but it will happen.
That’s why I am saying that the market is red temporarily
The market cap is also not going so good and at current below $250B but soon it will be again above $500B as like new year.
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...
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@rahulsaini Taram-pam-pam
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