Last week was another bloody / red week for Cryptocurrencies and an opportunity for those who have some spare fiat currencies to buy cheat coins/tokens and thus enter some top markets, examples: steem, EOS , Ethereum and Bitcoin. The reality, is that the current downward trend will not last forever, thus we might see a bullish altcoin markets soon-however will it last? Moreover, will there always be another big sell off which leads to massive loss- especially by those who put in emotions and thus buy high and sell off low? Here are some few points
Strong and Wise Mind: Cryptocurrencies are too volatile hence the reason why people can make super normal profits. Conversely, however, the space is also not for the weak/faint heart - because weak people trade with emotions and thus panic sell whenever they see a red market –which is normally caused by fuders, haters and traders trying to gain from panic sellers. There for, as I indicated on my post yesterday, see link here , try to remove your emotions, do not invest what you cannot afford to lose, buy low ie during sell off and hold (HODL ) –do not forget to take some profits in order to diversify to other top coins on sale. This strategy will help you stay safe
Dynamic Market: Cryptcurrencies are dynamic and thus we have the opportunity to choose from many top projects. The right thing to do is to do a due diligence before investing, check project team member’s profile, projects behind the coin/tokens, website/whitepaper and their social media channels. This will help you to see the big picture and thus make a better constructive decision.
Steem ecosystem: I do write about steem always due to my confidence on the technology behind steem ecosystem ,its bright future , what the steem blockchain technology is currently doing and what it can do for all in the future-see my former post here for details . Therefore I believe that steem is currently undervalued and it will surely take its position as a future crypto powerhouse. Therefore , there is no late time to buy steem and power up because having enough steem power will change the playing field in your favor in the short and long run (For more on steem power , pls see my older posts ).
I wish you all a blessed week.
Do you agree? Send in your comments and or suggestions, upvote to send in your support and resteem in order for others to learn.
Click here and read my former post:Strategic Advantage: The right time to Buy Steem and Bitcoin
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I had the idea for YouTube back before it was invented. I pitched the idea to an extremely intelligent business expert and was told that I was the stupidest idea ever. I would have pursued the idea anyway if it wasn't for the fact that I was in college and was in serious debt.
I understand the importance of social media. This time around, I will put everything I have into Steemit. Steem blockchain is the future face of social media!
I am with you in this view point!!! I wish you success.
Thank you. I feel confident that there will be success for all of us!
That's true and let's hope for the best. I am very hopeful for steem.
I think this platform has a lot of potential and we will see it going all time high this year when SMT's are launched.
suf1an (56) nice comments
Can you explain to me what SMT's exactly are and how does concept will work? Haven't heard about it before...
happy and successful day friend, greetings from venezuela, what is the smt suflan? and forgive the question
I agree...if we think in the long run then we should buy steem this period and power up (note that many updates are coming, examples SMT and HardFork 20) -this will act as a top retirement investment, daily earnings, and respect in this great platform ....thanks for another good post..upped, 100%
ronja1 (46) nice comments
Where there's money to be made the governments will want a piece of it! :p
You got a 10.11% upvote from @postpromoter courtesy of @charles1!
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The market is extemely violatile, right now just do as much due diligence as possible and decide which tokens you like and I would dollar average into them
Point, thanks for your comment
I am also bullish on Steem. I'm happy that I had some extra money to buy the dip!
Wow, lucky you...I wish you more success
Thanks for keeping up our spirits. :)
I did the same thing in late '16 under the framework of technical analysis. Admittedly, my chart-reading wasn't that good. It was only later that I realized that what I was doing was trying to keep the faith for Steemit. (I was bullish all the way.)
Your Point 3, about the Steemit ecosystem, is the one that needs to be repeated. It's the closest we have to fundamental analysis for STEEM. And the fundamentals still look good!
Thanks for your comment..good point indeed.
Although I have not been able to invest because I'm a new beginner in @steemit because I do not have enough SBD here yet, but I really agree with you Mr @charles1. When Cryptocurrencies are too volatile, this should not be a weakness of panicked sellers, so haters and traders try to get from sellers to panic. Try to remove or control your emotions, invest the opportunity to choose from many of the top projects. The most correct thing to do is do a due diligence before investing. check out the profiles of project team members, the project behind coins / tokens, websites / whitepapers and their social media channels. This will help us to get better constructive decisions so we do not invest what we can not afford to lose. I will do this when I already have enough SBD to invest, in this case I can only tell it without being able to do it. That's my weakness as a new starter at @steemit.
Thanks for your comment...good points indeed
thanks mr @ charles1 has upvoted 7% for my comment.
The market will take a little time more to recover and be on the bullish run. This will come around June and August. There will be price correction between Sep and Oct. So, the best time to buy altcoin is now and hodl.
Good point indeed, more success to you.
Your all points are important. 100 %appreciate you. I think your analysis work helps to the steemit community. We want wise and learnt steemians. As I am learning and Following the toper(As like you ). Thanks a lot for sharing such exclusive post.
Welcome and success to you
Interesting opinion. What they say in regular media over here is "Don't invest in cryptocurrencies more than you are willing to lose completely".
Would you agree?
I dont pay attention to fuders and haters who are afraid of a destructive technology because they want to keep the status quo
Ups and downs are the part of life.Hope crypto will recover its value soon :)
Point, fingers crossed
Quote: " there is no late time to buy steem and power up because having enough steem power will change the playing field in your favor in the short and long run
I'm absolutely with you there, I moved some ETH over yesterday and I can see the difference already. Moving some more today from my mining yields.
Amen to that...after power up, you will see increase in your voting power which increases your curation reward too...more success to you.
The next massive fiat crash is long overdue anyway... that should see an upturn in people investing in crypto!
I agree....history shows that it always happen especially wallstreet meltdown due to huge corruption
Yes, I like your views. As we all know financial institutions are trying to kill this crypto world since they cant make any money/scams/wars. I believe in blockchain technology. I know that market will rise in no time. Im just holding my alts with coins :D
Point
All good points.
It all depends if you have faith in the ultimate usefulness of blockchain technology and faith in specific uses like steemit.
These are early days. The technology has yet to prove itself. However, cryptocurrency is here to stay and taking the opportunity to buy while the market is low is good for those of us with faith.
Good point..keep steeming to more success
Everybody just just take advantage of the cheap prices to power up some more. I personally don't care if it takes another couple of weeks, months or even years to make a decent profit.
I know it's going to happen eventually!
Point, I agree. I wish you more success
investing in steemit is currently a good option.
I agree
Patient Dogs eats the fattest bones........tomorrow is far!
Good point
This post has received gratitude of 13.33% from @appreciator courtesy of @charles1!
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YOUR LIFE BEAUTIFULLY IN THE END OF HAPPY DISHES
Good info
What is good about the post? did you read it ...bot?
charles1 (66) future of currency and advntges
When the dollar gets not. Then it feels bad
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wow very Nice post i like it.....
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Crypto has the most dynamic movement. I live in Korea and do Korean stock market. We have upper limit price (+30%) and lower limit price (-30%) and business time would be from 9 am t0 4 pm on weekday. However crypto, 24 hours 365 days. And there are so many cryptocurrencies developed by talented members. In Korea, many ppl stopped caring about cryptocurrencies. But i personally believe in crypto and its future. Steemit can be a leading example!
Excellent post
A new culture of distribution is evolving. Blockchain is the backbone of future trade, news and the new "noah's ark" of reliable data. I agree with your perspective and i'm glad to be part of it. I want to learn this new trend and add to its future.
Gracias! Feliz Noche!
I love Steemit but am a bit worried about the competition such as the new ICO on the Neo blockchain (I love NEO) which is the Narrative Network. I wish STEEM was on more exchanges.
Good points and great insights. Time to buy and HODL steem especially as am sure it will recover very high soon
The current state of the crypto world is a total bloodbath.
I'm optimistic for the future, but today I don't see what the right move is. STEEM is falling in price, at what point it will stop? Should we wait it to go under $2 USD?
that a good change will bring good results for the future
Solid advice.
I recently read through the last nine years of Bitcoin's history, and after it hit around $1000 in 2013, it took 3 years to recover and eventually moonshot to the almost $20k price we saw in late December.
While I don't think it'll take another 3 years before we see $20k again, I do know that it will take time, and the rise will probably take many other legit coins like STEEM with it.
I believe this platform has a great potential. Hopefully, it shall get to an all time high in the nearest future
good morning, very accurate comment and on par with the current progress in terms of cryptocurrencies, even in the current century there are people like my personal case that we do not know the use of electronic currencies and the correct strategies for their use, this publication allows us to be alert to invest at the right time, a warm greeting from venezuela with love, and I invite you to review my blog to exchange ideas.
i like your post keep the good work going.
Thank You for enlightenment @charles1.... was very worried when my post reward drastically from $5.71 to $5.36..
I agree that Steem is not a bad way to go. The number of users on here is continually growing, and it seems to be a more stable means to possibly gain and use Steem vs. a volatile crypto market.
The idea of using Steem as a means of creating your own tokens is intriguing. Not sure how easy or reliable it would be for anybody to use, but I can see the potential.
excellent read for a steemit noobie like me. first day on steem and already loving it! so many interesting and thought provoking articles to read!