(Keith Sweat)
It´s all red, almost...
(Source - Coinmarketcap.com)One day it had to come again, the big correction of the Cryptocurrency market. Well and it seems like it arrived yesterday as for the first time since almost a month the majority of all Cryptocurrencies is showing a change in red...
Anyways, so far I guess we are still good as it´s just a small correction and definitely not a huge dump like it the one at the end of July, right before the Bitcoin Fork. The Big coins are all down but more or less just around 10%, which can´t be considered a lot in the crypto world.
Despite all the corrections it seems to me as if Neo is actually immune to the general market movement as it remained stable around it´s price of 33$ while everything else was going down. I´m not quite sure and definitely won´t give any investment advise here but it might be an indicator that the coin will rise within the next days. Maybe even above it´s all time high of 52$, who knows...
What´s your opinion? Leave me a comment on it :)
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don't worry too much, it is just a correction!
Nah, I don't worry about it. It was more about Neo being immune ;)
i think Monday it will cross 5000$
Let's hope so :)
So just my general thoughts on the market and how it usually reacts...
At least from most "experts" in the market, they all kind of say the same thing.
When bitcoin starts making crazy gains people take their monies out of altcoins and put it in bitcoin.
When bitcoin starts showing a consistent downward trend, they put their money back into altcoins and take it out of bitcoin.
The cycle continues over and over again it seems.
In this case, I've personally found that it seems to be a trend that when bitcoin gets close to an ATH or hits one, it has a major correction. (This theory holds for most any coin though)
During this knee jerk reaction phase almost everything tanks for a tiny bit and then people start putting their money back into everything as more time goes on.
I feel like it's a "oh crap it hit an ATH let me pull out my money so I'm not the last person out". Then it's like "hey the market as a whole is low let me get back in because everything is on sale!"
And it happens over and over again.
That's atleast how I see it's been happening over the last few months.
Basically it's just like every other market out there. But your description specifically on the crypto market is pretty accurate I think ;)
oh bet on neo...the joint venture the jap and the russian or that white boy ..is fire! they are not playing...they want to be on top 3 in the game..that's my impression and opinion...
Yeah Neo will probably just get bigger over the next weeks :)
Awesome post.... I like this. Thanks@steembusines
Up...up...up..
The Banking Cartels must be happy at the decrease in stocks of the Crypto currencies.
thank for post and
Good post
Keith Sweat??...I never knew he is a philosopher...wow...makes me wanna flashback one of his hits right now..."got me twisted"...lol
need some more.....
this is really cool!
cryptocurrency, life is two movement win and loss.
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