BEAR MARKET
For the last two days I wrote two different aspects on Bitcoin and my expectations for the future. You can check them out Crypto Bear Market Continues - What's Next ? and A Different View On Bitcoin and Ethereum / The Flippening Is Coming. I am sure you will find useful information to position yourself in an accoring way.
What is more important TODAY is that Bitcoin and the crypto market in general are heading for another short-term low. You know it's a good day when Steem is in the green, you know it's a GREAT day when everything is down and Steem is showing such strenght. This is great for Steem holders, because it shows that buyers at these levels are more than sellers. The logical thing to happen when this (bear market) is over is Steem to explode. (I am not implying that it won't go any lower, it might)
Highest Gainer In Top 50
You guessed it right, it's Steem! The best thing about it is that it's happening on a high volume ! This is yet again great news ! On the image below you can see for yourself. (Click on the image for full Top 50 List)
STEEM/BTC
Poloniex Chart
As you can see Steem is near highs against Bitcoin. This is an indicator for the partially broken correlation between Steem and Bitcon.
A great show of strength indeed way to go STEEM but let’s be careful in our analysis, binance just listed STEEM, so it’s a big day news wise
You are right. This is huge news, but ultimately inabear market that does not mean much. Thanks for your comment, I found it very useful to our discussion. Have my 100%
That's a good information, Nowadays Steem is something special while comparing with other crypto, although we need patience. Since last one month Steem price is not downing big. upvoted and resteemed.
Thank you ! yes the price of steem is very strong relative to other cryptos.
This has to be one of my fav gifs :D
Steem is only crypto which ha genuine activity.it will increase steadily. I is not a pump and dump currency.
Yes, absolutely ! There aren't too many crypto's with such a solid project behind them ~!
It's great to see that Steem went up more than any of the others. I feel Steem is here to stay since it has something solid to back it up. Something that isnt going away anytime soon. Thanks for the update.
True !