It was just a bit of Christmas shopping going on, people... A few crypto-rarri and crypto-lambo purchases for those who did well last year. If you're one of them.. Well Done!! Maybe this year is going to be my year!
The Ship is steady
If you have a look at the whole crypto market cap, you'll see that while BTC has wiped out over 100 Billion Dollars from its Market cap, the rest of the cryptosphere was abuzz with activity, and the total market cap is only down by about 9 Billion Dollors.
image source: coinmarketcap.com
image source: coinmarketcap.com
You can see the big dip when BTC took its first major hit, but then while BTC continued to fall, it is evident that that most of the money hasn't been leaving the cryptosphere, but has been shifting into some of the other coins out there, one of them being STEEM, which has moved up into 29th position by rank of market cap and smashed through the 1 Billion Dollar market cap barrier. Steem is rubbing shoulders with crypto royalty right now!
So don't stress about the crypto... it was just a bit of shopping by the crypto-loaded, getting some bling for their garages.
Or in my case.. just a few ounces of shiny silver.... It's in the mail, coming soon... Getting some tangible value to reassure myself this is the real deal.
Image Source
The Crypto markets are stronger than ever, and we are going to see the rise and rise of a few coins in the very near future. Fasten your seat-belts and enjoy the ride!! The crypto-reckoning is upon us...Dun..dun...duuuuuuun!!!!
