Cryptos Hit the Skids, What To Do Next by g-dubs

bitcoin · @g-dubs · Jul 17 '19

$8.28

Cryptos Hit the Skids, What To Do Next

Oh, how quickly the times change. In 2018 we couldn’t get an up day in crypto to save our lives.

The last time I wrote about it was in [November 2018]( https://steemit.com/bitcoin/@g-dubs/the-crypto-bear-that-just-won-t-quit). That’s when we had already dropped below 6k and were search for a bottom.

But that was the last time I wrote about crypto red days. In fact, the signs we were emerging from a crypto winter were there. I wrote about them in [December 2019]( https://steemit.com/bitcoin/@g-dubs/another-sign-the-crypto-bottom-is-in ) and this [March]( https://steemit.com/bitcoin/@g-dubs/is-the-crypto-market-heating-up ) and [April]( https://steemit.com/bitcoin/@g-dubs/a-crypto-green-day-is-spring-here).

Now that cryptos have been going down since the end of June, peoples are freaking out again.

<center> https://i.postimg.cc/rFMDjRLw/btc776.png </center>

The chart below shows the total crypto market capitalization. As you can see we peaked in late June around $385 billion. It recently hit a low of $250 billion. 

That’s a 35% haircut in just a month. So naturally people are worried.

I think a lot has to do with the fallout of Facebook’s Libra. Basically every government on the planet has come out to denounce it. Cryptos in general are getting caught up in the storm.

<center> https://i.postimg.cc/rpcCPnGL/cmc001.png </center> 

So, what to do?

DCA… dollar cost average.

Crypto is so volatile don’t try to time it. Put in a set amount of money on a consistent basis. You won’t end up with the best price… nor the worse price either.

Buy BTC !!!

_____________________________________________________
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👍 therising, smartsteem, appreciator, rocky1, booster, buildawhale, ace.korengchina, namiks, kaylinart, penguinpablo, steemchoose, vaansteam, harkar, idakarlsen, g-dubs, karja, cryptoknight12, buggedout, stackin, lionsuit, miti, cryptonized, accelerator, seanlloyd, map10k, rarepepe, igl00, hdu, discernente, eforucom, pandorasbox, erectus, imisstheoldkanye, mmansfield, foodology, tipu.curator, mysia, axiom-prime, calmacs, nervi, mys, fun2learn, siria, sterzi, fyrstikken, nailyourhome, bukiland, ahmedhassan12, lovelyboo, imperfect-one, beleg, delegate4upvot, rafalski, stocktober, tanvirsadatripon

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properties (23)vote details (55)

voter	rshares	pct
rarepepe	4,332,129,924	40%
kaylinart	295,520,827,070	100%
g-dubs	46,061,029,994	100%
igl00	4,187,788,510	100%
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discernente	3,534,191,396	1%
eforucom	2,783,234,983	3%
bukiland	325,300,581	3.6%
imperfect-one	185,908,810	0.46%
namiks	451,324,706,732	100%
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mys	726,959,256	0.46%
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pandorasbox	2,679,398,444	100%
buggedout	25,022,176,178	100%
karja	44,234,705,658	15%
rocky1	2,881,199,851,403	4.76%
ahmedhassan12	274,190,857	100%
accelerator	8,698,810,458	0.35%
buildawhale	1,993,227,353,155	3.7%
ace.korengchina	1,066,559,459,569	100%
axiom-prime	872,359,596	30%
miti	21,031,615,273	3%
imisstheoldkanye	2,381,479,028	1%
tanvirsadatripon	21,360,255	25%
seanlloyd	6,621,422,354	29%
smartsteem	4,492,537,154,084	3.86%
cryptonized	20,565,528,851	5%
fun2learn	714,534,836	1.8%
vaansteam	145,971,716,182	30%
lovelyboo	265,112,483	50%
stocktober	69,536,484	20%
nervi	742,038,988	4%
lionsuit	21,295,925,695	55%
beleg	121,169,995	0.46%
therising	4,918,915,101,165	4%
nailyourhome	390,271,417	3%
calmacs	836,934,303	100%
harkar	53,821,651,558	20%
steemchoose	147,823,648,405	59.24%
idakarlsen	53,483,748,436	15%
mysia	1,236,136,660	100%
delegate4upvot	117,622,704	2%
sterzi	513,365,421	100%
hdu	3,994,012,676	2%
tipu.curator	2,018,694,705	10%
foodology	2,032,196,289	3%
mmansfield	2,347,585,746	100%
siria	543,950,947	100%
erectus	2,516,031,130	100%
map10k	5,540,041,618	0.47%

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