After a 24 hour long negative trend for all cryptocurrencies BTC is finished correcting and is ready to hit new all time highs again, probably in a day or two.
Yesterday we witnessed what BTC correcting can do to altcoins when it caused a massive dump in prices for all altcoins except Electroneun, Bitdark and Viberate from what I have seen.
If you are new to cryptocurrencies and trading you need to realize that corrections are normal and serve as a "fix" for overvaluation of a certain coin. Corrections are healthy for the market and often happen. Never FUD when this happens because the market will eventually stabilize and start increasing again in a couple of days/weeks.
FUDing is something you should never do. Just hold your coins and wait for the correction to end.
Yes! Never scare-sell, just HODL. You will loose much more with selling than you would have if you didn't do anything. Most of the times end of a correction means a start of a positive uptrend.
But don't trust me, I'm no financial expert and this is just my opinion based on a year of monitoring the market. Always do your research and base your decisions on it. I urge you to start checking the market and see for yourself.
You can check prices of any coin on the CoinMarketCap
As expected after a correction most coins are in the green and are looking very bullish with some good gains. And from first top 500 coins only 15 of them were still decreasing in price. The rest are recovering nicely.
TOP 10
All most back to where we were before. I'm expecting this trend to continue for the next couple of weeks and BTC to go past 20 000$ before 2018. If I'm correct we will also most likely have 20$ SBD and 10$ STEEM in a couple of weeks.
TOP 10 BIGGEST GAINERS TODAY
TOP 10 BIGGEST LOOSERS TODAY
Looking great after that dip to 2$ STEEM and 6$ SBD, in less that 12 hours we are back on track and ready to go higher than ever!
WHAT DO YOU THINK?
- How will BTC perform in the next couple of weeks?
- What will the price of BTC be on NYE @ 00:00? (closest guess will get a big upvote)
- What do you think about SBD 20$ and STEEM 10$? Will we see this happen soon or am I just too optimistic?