This topic kept on running through my mind, today being the 7th of September
I checked my wallet yesterday afternoon, I was happy that BCH was rising I was thinking about investing in it then staking it to collect daily interest not until I checked my wallet this evening then I noticed that all the Cryptocurrencies have dropped. I know this is a good opportunity for me to buy BCH. What's going to happen next????
I had to call a friend of mine who then explained to me what was going on
Cryptocurrencies have turned the tail and crashed unexpectedly. They have been run recently, with Bitcoin increase $53,000 today while Ethereum increased to $4,000 briefly a few days ago. But, now has turned around and crashed by around 30%, even the coin that was not popular, which has leveled up nearly 300% in three weeks.
Ethereum has been one of the powerful cryptos during this period since late July, progressing around 250% and particularly breaking above $4,000. But, the crash today was quite fast and the price fell to the previous support zone. At least, that support zone held once again and the price has climbed back above. So, this moving standard is not considered broken yet, which means that the uptrend continues and this sudden crash might be a good opportunity or not to buy Ethereum and other cryptocurrencies.
Litecoin was lagging in the crypto market until late last week, it increases around 40% in value in a few days.
Recently, most of the holders have been cashing out of the fall. They fear that BCH may fall as it is already up by 35% in 10 days. Amazingly, most of these have been older coin holders since the time coin was destroyed hit 3.18 million days today.
So now most people are selling out their currencies to be on a safe and it affecting the market value that's why it keeps decreasing in Value.
Also, El Salvador is now officially accepting bitcoin payment...
Check out my Sponsor and you can click the image to read the article she has also written.
However for people like you and I who earn each day from readcash and noisecash this is a great opportunity to earn more. The Satoshis received for $1 tip when BCH was over $1700 is lower than what it is now that it's $663.We need to use to be happy instead of being sad. Your unit is still the same, it's the dollar value that reduced.
SmartBCH is still young and a few weeks old. When it hit its full potential, it will surely have a positive effect on Bitcoin cash.
Tell me what you are going to do use your BCH to do. Are you going to sell to be on a safe for now or keep that there might be changes like an increase in the Market Value very soon???
Follow Babe T's journey on Readcash
