Well another interesting week in Crypto! LOL
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We are in the midst of another kind of THE DUMPENING Part ??? --- and recovery as we JUST finished the latest BTC Forkening last nite.....
Details on that in part, from my last related Market post 2 days ago, here and yes, the market dumped even more after that post, and no, it was not my fault!
13 Days ago this series: https://steemit.com/cryptocurrency/@barrydutton/did-you-hodl-or-sodl-lol-or-e-23-or-what-was-your-week-in-crypto-like-usd155b-total-market-cap-up-usd12b-7-days-or-community
We are used to seeing unprecedented growth in the entire Crypto Currency space, not just in Bitcoin.
Are you HODLing everything? SODL some? Moved profits into one place or another?
What's your take on things here? Share your experiences with us and we can all laugh, learn, help one another.
As of just now about 4:15 pm EST 10/24/2017:
--- the CMC.com (CoinMarketCap.com) charts are showing our total market cap for Crypto is still way down- overall compared to the last month of course......but bled out again this week with (mostly) the China FUD driving things down... again.
Basically we have lost ~$60B in 12 days since the Sept. 2nd huge ATH that touched the $180B mark. My links to my other post there above explains it in much more detail.
We are seeing essentially stability around the $170B mark lately, truth be told.
Markets responded , fell, and have been bleeding red again for a few days.
Some pronounced green/recovery late last nite and today.
We have had elevated and sustained for many many days now, since the Bitcoin / Bitcoin Gold Forkening event caused the BITCOIN sector market to finally swell back into huge new ATH's this last week and a half or more.
We were approaching the Sept. 2nd ATH for total market cap of $180B just the last few days, before a pullback again to the $170B range.
Top 20 Coins sorted by Market Cap:
Recent History & Resources:
~ say 11:30 pm EST on Sept. 1st - we were RIGHT on the cusp on crossing the $180B mark for the first time......we were at yet more new ATH's and records!
We fell overnight from that point to $162B -- Losing approx. $17B.
It often happens on FUD Fridays as we know.
Right now we are sitting at $170B and as in the title -- we did gain and lose about $10B the last few days again and seeing that $170B mark for this 7 day stretch about the norm.
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Sept. 2nd 2017 was a HUGE ATH! Touched the $180B Total Crypto Market Cap
Bitcoin (as my regular updates will show) was RIGHT on the very edge of crossing the $5k mark USD for the first time, it was literally around $4980/$4990 USD!!!! (Sept. 1st, 2017 later at night.)
Oh so close!!!
Reminder / Proof / Charts etc are here from the big Sept. 2nd night :
That is the Sept. 1st /2nd post - Record Breaking (latest) night. I went to bed and we know what happened overnight to markets "correcting".
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-- I am hopeful it just stays solid with nice slow increases and does not crash again losing fully half the market cap.......again.
Ever.
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LOL
-- We have been down almost ~$55B in ~13 days / since Sept. 2nd ATH night.
-- my last update on THIS series here, 7 days ago on the 14th, means we are up ~13B since then.
And well, as a result, if you like good news -- balanced perspective like I always try to give.
We recovered a bit... and then late-week FUD as we discussed hit and drained the markets again.
$125B is where the Crypto Market Cap sits right now. 6:15 pm EST - Sept. 21st 2017
I am still optimistic! LOL
Recent Market Cap History:
$150B Crypto Market Cap crossed 1st time ever: 8/23/2017!
$179B Crypto Market Cap " " " 9/1/2017
$147B Crypto Market Cap " " " 9/9/2017 - 12:55 pm EST
$112-15 B Crypto Market Cap " " " 9/14/2017 - 10:05 pm EST (It hit $112B today ~5 pm EST)
$125B Crypto Market Cap " " " 9/21/2017 - 6:15 pm - Lost $10B overnite + today
$155B " " " 10/11/2017 - 5:15 pm - Up about $12B/7 Days
$170B " " " 10/24/2017 - 4:15 pm EST - Bitcoin Gold Forkening Week (volatility)
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Just perspective / We almost crossed the Crypto Market cap of $180B in the last 20 hours of Sept. 1st 2017:
Half the Market Cap DUMPED as I mentioned above has happened to us before.......As we did just around June 21st, when it hit the high of $117B and then tanked into the $65 to $95B range for weeks.
Those were bloodbath times. Shudders -- Even though the dramatic rise, signalled a clear correction would be coming.
Thanks for reading, have a nice day.
HODL Img. sourced from the LEGENDARY thread where the term HODL was first..... coined - LOL. - BitcoinTalk.org
https://bitcointalk.org/index.php?topic=375643.0
If you are new to Crypto or do not know the story -- Please open that link in a new tab, take a couple mins. and read the funny thread/story, you need to know your Crypto history folks!
(:
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