Hellow guys for welcome here to know why you should buy more bitcoins and other cryptocurencies and hold them for a while before the price go up rapidly.
WHY ITS TIME TO BUY MORE AND HOLD THEM?
Some people are panicking and seling their coin because of market situation but i want to tell you that t is time to buy more as the price of coins is down so that you can uy and hold them for a while before you make a unbelivable profit. though the situat
ion of coins prices is due to some news from china goverment toward cryptocurencie but soon everything will be be on the way as we know that is not a first time cryptocurencies world face dificulties,
So here is where we get a point now to buy and hold more because price gives a chance to get many coins and any busness man purchase goods in low price and sell when the price go up so that make profi.
CHECK OUT THIS.
GAS got added to Poloniex, means NEO will be also added sooner or later. I made tutorial here in previous post on how to mine GAS with NEO. Anyways GAS and NEO look like good buys. DCR i would wait for dump but its on the targets list.
Also there is some coins like MONACO,QTUM,OMG,TRIG,BITCOINCASH,ADEX,MONERO and others which they have done great in few days ago its time to buy them quickly and many coins as their price is real cheap now so that there is a greate chance of making alot of money when the market is good in few days, so that you can make a big profit by using them example MONACO prices fall from $24 up to $8, QTUM fall from $18 to $8, BCC from $700 to $410 so that we can see the posibility of making huge profit in cryptocurency, also you can buy bitcoin itselsf and hold it untill price rise up again. So there is more but the above is some examples
WHY THERE IS SOME CRUSH IN PRICE IN CRPTOCURENCY?
First of all we should understsnd that any curency in the world either normal curency or cryptocurency rise and sometimes fall acording to some factors can be market factors or other factors. i n market actors here we can deal with Liquidity factors depending with demand and suply forces but other factors can be diferenc factors like news in which can increase or decrease the trust of people toward a particular curencies so that to rise the price or fall.
Example few daays there is some news from china goverment on ICOs also afected alot the market price iun some coins. The biggest news last week was definitely China's ICO ban. On Monday, the Chinese government ordered the suspension of all ICOs conducted by Chinese companies to put an end to ICO scams in China's unregulated ICO market.
The ban affects all Chinese companies conducting ICOs and managing ICO fundraising platforms in China. Interestingly, the ban does not stop Chinese citizens from participating in foreign ICOs. The official notice only mentions that “the public needs to stay aware of the risks of coin offering fundraising and trading”.
The news created a lot of FUD (fear, uncertainty, and doubt) in the crypto market. As a result, Bitcoin prices dropped 8% to around $4,300 while Ether prices dropped 16% to around $300 from the previous week. Cryptocurrencies originating from China were hit particularly hard. NEO, for example, tumbled 28% from the previous week to around $23.
Amid all the fear, we need to put things in perspective. China has tried to restrict cryptocurrencies before. This is not something new and yet cryptocurrencies have been able to bounce back every time after a China crackdown.
Moreover, the Chinese government’s concerns do have its merits. In the last few weeks before the Chinese ICO ban, more and more people were asking for our opinion in Chinese ICOs because they were hot. This was an indication that people were getting greedier and were willing to invest in things that they were not familiar with. but even this week also we can see the effect on market price also because people panick and sell coins
So the only thing i can tell you is that dont fear the market situation but we should take advantage of market situation. so keep on mining,trade,buy and hold them finally you will smile
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