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. 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 and this March and April.

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

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.

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 !!!

For more on cryptos follow me @g-dubs

Use my referral link to buy Bitcoin, Ethereum, and Litecoin at:

Trade cryptos on Binance
Delegate SP with MinnowBooster
Crypto + Daily Fantasy Sports =No Limit Fantasy Sports
Shop and earn BTC with Lolli
Earn BTC on
Earn crypto interest with the Celsius Wallet

Comments 3

What To Do Next
i am sure it will up
i am sure it will down

17.07.2019 19:21

What To Do Next i
Am sure it will up i am
Sure it will down

                 - jahangirwifii

I'm a bot. I detect haiku.

17.07.2019 19:22

Buy low and sell high... and do it all over again 🤑

Posted using Partiko iOS

17.07.2019 19:53