After the latest market corrections (aka Crypto on Sale Prices!) down around $40B over a few days, which took us from the ATH range of $180B Market Cap..... we dumped again after a recovery was started and a few days now of SOME stability.
Sort of.
That DUMPENING and stability has continued based on original FUD news out of China -- and the FUD, news and related market response in the markets continue.
Questions linger in every market and region on interference by regulators who seek to tax and ruin everything they touch, as usual since government cannot sustain itself.
1st Half of Post: Current Events/Timeline.
2nd Half of Post: Recent History + Evidence
~4 days ago, ( 9/20/2017) on my last update in THIS particular series - that market cap number was down to $119B - something most of us never thought we would see.
Today is Sept. 24th, 2017 and the Markets are still up and down for the last few days now after that BLEEDING out.
Those 2 recent updates are here:
That means in ~16 to 20 days recently, we had lost btw. $30 and ~$60B in market cap depending on which day you are using as a point of reference, since it is up and down, every other day like a yoyo. (Sept. 2nd ATH of $180B market cap)
$129B today, for example for current Market Cap, as per in the title line.
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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: (1 mth. chart)
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CoinMarketCap.com Charts for the day, current 9:30 pm EST:
Top by Market Cap:
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Top by % Gains / 24 hours:
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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!
~22 Days Ago on Sept. 2nd - we saw ATH's in Market Cap and BTC/Crypto's:
~22 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....Dating Back ~ 2 to ~20+ 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.
Thanks for reading, have a nice day.
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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.
