After the latest market corrections (aka Crypto on Sale Prices!) down around $40B over 3 days, which took us into the ATH range of $180B Market Cap..... we dumped again after a recovery was started.
That DUMPENING has continued based on original FUD news out of China -- and the FUD, news and related panic in the markets continue.
My update (focused on STEEM price and placement numbers and news) around 9 pm EST last nite had the market cap at nearly $138B
15 hours later, that market cap number is down to $119B - something most of us never thought we would see.
Today is Sept. 14th, 2017 and the Markets are BLEEDING out.
That means in ~12 days, we have lost ~$60B in market cap.
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You can see this month in brief, and the high point Sept. 2nd just before 10 pm EST / 2 am UTC:
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In the recent past - and hopefully again -- we HAVE BEEN continually seeing records and ATH's (all time highs) being broken every single day, sometimes, within minutes or hours of something being broken!
~13 Days Ago on Sept. 2nd - we saw ATH's in Market Cap and BTC/Crypto's:
~13 days ago, on Sept. 2nd -- we were all MOONING with BTC right on the razor's edge of breaking $5k USD (in some markets it did) - and the huge ATH of (nearly!!) breaking the $180B market cap here:
Sometimes, this involves pullbacks or corrections. I rarely use the word "crash" as many of you know.
We are doing OK. This is what I have always said in all my posts / updates.
-- I think like others we have been overdue for corrections in the markets. But I do not think any of us forsaw the epic FUD news out of China coming - since they have banned crypto and unbanned it SO MANY TIMES.
Bitcoin and Crypto in general - has rebounded quicker each time with that news over time... it has been amazingly resilient!
We need to remember we are all still early adopters here and the markets and new people/money are finding their way here with us.
Some of my Recent Market Updates:
Newest to Oldest....Back 13 Days:
Good Times! Right??
PERSPECTIVE & RECENT HISTORY:
$150B Crypto Market Cap crossed 1st time ever: 8/23/2017!
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Remember we then JUST crossed the $160B Market Cap 8/28/2017 for the 1st time!
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I wrote about it right here
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We THEN crossed the $170B mark just days later after that on 8/31/2017 around noon UTC time / 8 am EST.
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And remember what I just wrote above near the start of this post ----the ATH range of NEARLY breaking thru the $180B Market Cap.....
-- Sept. 2nd here where you can see this month in brief, and the high point Sept. 2nd just before 10 pm EST / 2 am UTC:
We will be back there soon enough and upwards folks, it takes time to ride out some of the FUD and bad news (Fear, Uncertainty, Doubt) etc.
Corrections started BEFORE Sept 8th, 2017 - but the markets consistently dumped down to (now) Sept. 14th at the huge new low of ~$119B.
Remain Calm. History is on our side here.
Balance and Perspective is key here.
CoinMarketCap.com Charts for the day, current 12:15 pm EST:
Top by Market Cap:
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Top by % Gains / 24 hours:
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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
