A few hours ago, a sharp drop on the markets sent the price of Bitcoin below $13,000 again, after which it seemed to rebound. All top 10 alts are showing significant losses, apart from Ripple, which trends higher.
One potential cause may be an announcement from South Korea about stricter regulations towards the crypto currencies market, as noted here by Reuters. But although this news mentioned a Thursday statement of the South Korea government, much of what it says has been repeated before, in previous statements. Bitcoin continues to trade higher than everywhere else on Bithumb (a South Korean exchange), still driving the price up.
The drop may also be correlated with the news about Segwit2x being adopted today.
SBD was trading, at the moment of writing, at $7.61 (after going as low as $7.21) and STEEM at $2.83 (with a low of $2.79).
Although markets rebounded in a matter of hours, it doesn't look like it's completely off the hook, no trend formed so trading still seem to follow news (and rumors).
Unfortunately, I was asleep during this cough so I couldn't do anything, but congrats to those who bought this dip!
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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Everyday is a battle with cryptocurrency, one day it’s up and another day it’s down . Best options are you hODL and buy
We have not seen any big action this week in cryptos mainly due to holidays. True action will start next week.
Market is really volatile these days....
I still can't bring myself to buy Ripple. I feel like it should be called insidercoin / bankerscoin. Although with the banks as backing I am sure it could go up at first
Buy low and sell high and so the trend goes... rinse and repeat. I think this trend will go on for many decades.
Love these dips, always a great opportunity to average down. I would welcome more dips!
I hear you :)
I'm thinking that it has to do with the South Korean announcement as well. I didn't realize how many Koreans were interested in Crypto until I got on this site.
I'm thinking that this is going to be another temporary dip in crypto though. Whenever BTC goes down, all the other alt coins go down. Ripple seems to keep pushing strong though through all of these, which is promising.
The truth is that the market has been very erratic during the last weeks. and it is difficult to know what are the real reasons for this to happen.
Maybe the lower price is a reaction to the news that there would not be a fork after all:
Also maybe you would like to look at this:
thanks for the link, I wasn't aware of that.
You're welcome :-)
We had the fork anyway, but still not sure if it is going to be the supported one:
https://news.kucoin.com/en/annoucement-regarding-the-bitcoin-fork-and-permanent-support-for-all-forked-tokens/
Kucoin supports now all forks, but only when "the forked wallets are stable, we will open them for withdrawl and determine later whether to open the relevant trading pairs dependent on the specific circumstances regarding the forked tokens."
BTW, I did not have any BTC there, always exchange all extra for KCS right away ;-)
Man I'm a newbie at this and all I have to say is cyprtocurrency is so complicated lol
Steemians should buy when btc is low. The inflation of btc continues for the decades.
Great news i herd you thanks for post.
Steemians should buy when btc is low. The inflation of btc continues for the decades.
Thank you for sharing information, this is very useful for me, for next I will wait for your latest post, greeting friendship for all steemit friends from @muchtarudin
Steem blockchain dollar looks like finally coming back to the dollar peg
People think onk and happen another thing.... bt thanks for update news..loke it....keep it on....thanks
you snooze...
you looze..
Thank You for the information -resteemed
steem got smashed pretty good though
Up and down, these are the markets
sad day for many lol
everything back in red again
its likely happens now a days in this month with crypto currency . if we see its the season of business . just keep a sight on trade market and be attentive to the price chat of crypto currency .so we can earn a lot of money very fast . just need of little work and have to be very attentive to the trade marketing so we can see invest if the price low and sell when the price.
Such type of dips are indeed the beauty of crypto world. Crypto world gives a chance to the people who didn't get a chance to invest on coins where they wanted to, now the rate of such coins are as low as they wanted. So there is no excuse.
For example I wanted to invest in Verge but when the price went high upto 0.30$, so I was bit sad. And recently its price goes as low as 0.12$ which was so affordable for me. And I invested in it according to my budget.
SBD & Steem has the same issue. For the people other then steemians can't imagine the power of steemit platform. But for steemians its a blessing platform in all respect. People are investing in alt-coins even after earning SBD/Steem by commenting, upvoting etc. This is the beauty of this awesome community.
All the best for your great work dear @dragosroua. Keep it up and Stay Blessed!
it was a shocker to see the prices today
Can we go lower than this level?
Good news dear brother
Happy New Year
Happy New Year