I was just watching my portfolio and then suddenly… EVERY COIN I own was turning red! The profit I gathered past few weeks was disappearing in just seconds… How could this be?! I was thinking by myself ‘What the **** is happening’?!
Every second was a second of losing… Until the moment it start to rise again… I thought by myself 'Now I Know how the people owning stocks felt back in 2008'… Then I started to look for the answer why this did happen… I found out it could be because of Poloniex and Bittrex started to sell the hyped and wanted “Gnosis”-coin and a lot of people start to sell some of their other coins to get some GNO…
On Bittrex u can see people are asking 5 3(edit, misspelled) BTC for just one GNO... Wow... Is this worth it?
Okay, let’s be clear: I like their idea of a prediction market, it is a good idea! But isn’t this all just a little too much of a “HYPE”? Is it a good idea to try to buy some gnosis now? Or is it a good time to buy some other coins (which I believe them to have a good concept) who just got dumped because of this? PIVX did go back to $ 1,60 and Expense is back under $ 1, even Ethereum and Dash did lose some of their value! What will you do? Buy some GNO or buy some other coins now they are a lidl bit cheaper? Let me know in the comments!
Images sources:
- Cryptocompare.com - portfolio (not my real one, made one, just to show price drop)
- Poloniex.com
- Bittrex.com
- Gnosis.pm
(Sorry for my DUNGLISH, the English from a Dutch-speaking person)