It is all about a short term leverage gain.
Heidi Travels warned you, just like I and others did, now keep your eye on the market...
Still holding on to my cryptos
Yes, even when it is red all over the Cryptocurrency/ Bitmoney market, I'm holding on to my current portfolio. It is all there: Bitcoin {BTC}, Litecoin {LTC}, Gulden {NLG}, Digibyte {DGB}, Verge {XVG} and of course Steem Power {SP}. Almost forgot, yet also my Golos Power {GP} is where it was. This hyped soap bubble will happen again and again. Every time the prices get to a new All Time High {ATH} and the Bitmoney/ Cryptocurrency market going to new height levels fast, then it will be triggered. Mostly this is done by automated trading software, also known as bots, that are set to trigger at a certain threshold. Creating a lot of sell offers at once. And most of the time this leads to a huge follow up panic sell.
A lot of FUD {Fear, Uncertainty, and Doubt} is being spread during this massive automated sell. And when panic strikes, all cryptos go into the red, then the automated trading software will start to put buy offers at a certain level. After a few days the market will have regained to the levels of the last total capacity, at that time most of the cryptos will start to move back into the green again. Today is was busy with other things, most of the time away from the world wide web. My brother told me while we were busy with some woodwork. He'd bought some Digibyte as well, getting into cryptos too. Had a chat about it later this evening, concluding to hold on to our current porfolio, as soon it will be all in the green again.
There has been spread a lot of bullshait lately
Some billionair, in the financial realm ruled by banks, mind you, would have stated that Bitcoin is a soap bubble. While there were misleading headers that claimed the same billionair would have stated it was the time to invest in Bitcoin. The content of the articles being the opposite. There is a lot of misleading by crypto related social media and also by mainstream media. Even leaving out that banks actually are very involved with 'cryptos' like Ripple and Stellar. It is very important to stay very sceptical towards mainstream mass media and their so called 'news'. There is a struggle between the controlled and centralized financial realm and the free and decentralized cryptos realm. It is healthy to stay aware that the banks have a monopoly on money and cryptos are tough competition.
Also, a billionair in that by the banks controled, centralized and monopolized money realm would only want to keep investments to stay in that realm. So I find it very doubtfull that someone from that financial realm even should be considered to be taken seriously, just think about it. All so called 'news' that comes from instances that normally support the controlled, centralized and monopolized money realm, should absolutely be considered mostly as complete and utter bullshait. Only ment to spread FUD {Fear, Uncertainty, and Doubt}, causing panic. Some lies that are being spread like that are even worse, so stay sceptic when it comes from the mainstream mass media propaganda channels.
The upside being that the more 'the dark side' tries to cause damage to cryptos means that 'it' feels the heat of the free decentralized Bitmoney closing in, ready to take over. Just stay calm and keep your eye on the Cryptocurrency market...
Have a good one!
Stay calm, it's a hype!
Artwork^ cc-by-sa @oaldamster
^ Inspired by the works of E. Munch and V. van Gogh.