It's hard to stay relevant in the cryptosphere.. A couple of hours ago, people were euphoric as the total crypto market reached 350 billion USD, and Bitcoin traded at almost $12,000USD.
A few hours later? Bitcoin trades at less than it did yesterday - actually we're down 4,5% for the day trading at $9100 and falling as I write this.
It's not only Bitcoin that is getting hammered. Eth is down from a high of $525 to $460, Litecoin $90, Steem 0,99$ and so on. Just really boring stuff. Nothing new really. Just confirms that Cryptos are still extremely volatile and we're an emerging market. And also, don't forget, there is a lot of newbies in this space. Young people with little or no trading experience. Right now, whales are selling off. Hell, even I sodleded a little bit at$11,500USD. Just some small profit-taking from over 1000% gains this year.
Yeah, I'm losing big time as we speak. It's sad to watch that Lambo-gainz you had two hours ago turn into a Chrysler Stratus-gainz(the worst car ever) , but there are times like this where we will see winners and losers. Winners are those who HODL.
ps: I had to change the price of Bitcoin five times while I wrote this, from 9700 to 9100. Fucking ridicillus.
This is not trading/investing advice. I'm not a professional. Do your own due diligence.
