Hi Steemians, yesterday was another very brutal "bloody cryptocurrency day", because of the many rumors, the law changes in china and panic making news, such as this article here: https://www.cnbc.com/2017/09/13/bitcoin-is-in-a-bubble-and-heres-how-its-going-to-crash-ron-insana.html
If you are new into the cryptocurrency market, you have to know that situations like this are normal and no reason to panic. It´s quite the opposite and you can be happy in such days, because this are the biggest buy opportunities and just take a look on the past. I could show you hundreds of examples where a cryptocurrency or the whole market crashed very much and just a short time later it boomed again. One example of last year is the DAO hack of last year. Before this happened Ethereum was at around 20$ and then crashed back to around 6 Dollar. The people who panic sold in this peroid regreted it later and who bought in this time made HUGE profits. As you know, Ethereum already was over 400 Dollar this year...
I hope you used the chance in the last days to buy cheap coins and if yes, you can already see the first profits today, because the total market cap has raised around 9,5 billion Dollar in the last hour. This already reflects in the cryptocurrency prices and almost all cryptocurrencies are going up in the moment.
Watch the 1 hour charts at: https://coinmarketcap.com/currencies/views/all/
So hopefully the crash is over now and the market is going to the moon again. Maybe there will be another "red cryptocurrency days" again in the next time because of fraud news, but I think the hard crash is over now and you can already see that the big investors are buying in again.
Either way just buy more cryptocurrencies if the prices are continue to fall and/or just hold your coins, because the next boom phase will come sooner or later, as you can already see today! Of course if you are experienced with trading, you can try to always sell in the tops and buy in the dips. This can bring you even many more profits than the Buy/Hold strategy. With Onix (ONX) it was possible to make more than 1000% with this strategy, just only in the last days for example, because there is a huge price range.
Im looking forward for a great weekend and stay tuned what is happening in the cryptocurrency market! What do you think, will the market continue to crash again, or is it the end of the crash today?
PS: This is my favourite Exchange Platform for buying, selling and trading BTC/ETH against EURO/USD: Click here and sign up for free, if you don´t already know this site!
You can deposit AND withdraw Euro/USD with credit card too, that´s why this is my favourite site. From there you can send the BTC/ETH to an Exchange like Bittrex for example to exchange it against your favourite Altcoins.
[German] PS: Das ist meine Lieblings-Handelsplattform zum Kaufen, Verkaufen und Traden von BTC/ETH gegen EURO/USD: Hier klicken und kostenlos registrieren, falls du die Seite noch nicht kennst!
Man kann nämlich auch EURO/USD per Kreditkarte einzahlen UND auszahlen, daher ist es meine bevorzugte Seite. Von dort kann man dann die BTC/ETH zu einer Tausch-Plattfrom wie zum Beispiel Bittrex schicken, um sie gegen seine bevorzugten Altcoins zu tauschen.
Best regards and hear you in my next article!
[German] Beste Grüße und wir hören uns in meinem nächsten Artikel!