Its at 9000 USD ::sadface::
Two months ago ive made a post about BTC crossing 9k - https://steemit.com/bitcoin/@kingscrown/and-we-have-crossed-9-000-usd-on-bitcoin
Everyone was happy, speaking of moon, thinking of lambos. Today just 2 months later its again at "over 9k" and people speak of doom and end of BTC (for like 250th+ time).
So is BTC at 9k really bad news?
Altcoin WInners ?
On such BTC dump, USD wise everything goes down. TOday only gold backed coin DGD is raising.
Never invest more than you can afford to lose and then you will be more chilled on some correction or even long dump.
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HODL as always,
buy the dip if you did buy at 20K;
maybe don't look at your Blockfolio for a few days or maybe buy red filter blocking sunglasses?
If u bought high its always best to buy some more at these lows to lower your position.
I agree. When the crypto market takes a dump, I stop updating my Excel tracking sheet. No need to worry or even care, because we know where this market will be in 5 years (way way higher than today). I look for how I can make some more dollars available to buy and then I follow @haejin to see the latest technical analysis for BTC. I have a tendency in stocks and cryptos to buy into a downturn too quickly. I'm betting BTC makes it to $8000 tomorrow and I have some cash ready to pounce. I'll be rewarded this time for my patience and we will all be reward by the end of the year when BTC is above $40,000.
Exactly man hope is a powerful thing and visualisation of a goal means your already halfway there!!
We will all be rewarded in the future trust me <3
Things like hope and want are useless. Visualization of the goal, believing in that goal and consistently focusing your positive energy towards that goal is the powerful thing that makes it a reality! And I totally agree we will be very happy in the future, probably far more than we realize.
hope so :D
I've bought more steem, some neo some more stellar I MEAN COME ON were all going to moon one day so so what if it dips even more I wish I had more cash reserve to buy when these beautiful dips happen nothing more than weeding out the weak hands from our garden
HODL
One of the most powerful and powerful secrets to success in investing in digital currencies is the ability to Hodl, which means sticking to your currencies and not bow to the fear of losing and selling at such a difficult
Good plan. Keep squirling away all the cash your can save and put into the coins that are solving big problems, disrupting current giants and will be around in 5 years because they have the team in place to make it happen. Then hold and we are guaranteed to have a life changing financial position. At one point in Jan I was up 25x, so I've already experienced the future and I can confirm it feels as good as I thought it would:)
Time to buy my friends!!! It is an amazing time to get all of your alt coins!! Its going to be an exciting year... Stay focused and positive... It's going to be ok.
LOl, I feel bad for all the people that bought the current top of bitcoin. However, bitcoin still has huge potential upside for even those people to make a ton of money.
Actually sad that the peg of the Steemdollar is broken, otherwise it could become the new safe digital asset on days like this and replace Tether now the trust in this coin is so heavily damaged.
Hi @michiel, Can you explain this? I mean how are Tether and SBD related?
I am all in in crypto and have to live off it. Long term I am extremely bullish, but in the short term I need to cash out for living. In a negative market it is very nice to have a crypto that follows the price of the dollar. The dollar is relatively steady, so then I don't have to cash out cheap BTC, but just the crypto that has USD value what I bought when BTC price was high.
Tether is doing this and Steem dollars are created to do this. However, Tether claims they are backed by real USD, but this brings the risk that governments crack down on it or that it collapse because it turns out that they are not backed. So I find it to risky to keep my crypto in Tether.
Steem Dollar is created to follow the USD value and it did for a while. Since a few months the peg is broken and now it is following the crypto market so it is not uncorrelated anymore. If SD did follow the USD value 1:1 I should use it to hold my money that I want to spend over the coming monts.
Beside that there are many other functions of a crypto that is pegged to the Dollar like tool for arbitrage, easy to understand trading pairs and traders use it to buy when a bear market starts to buy BTC back on the bottom. It should be really nice if Steem Dollar could fill that function!
Now I fully understand what you said previously. If USDT and SBD fail to accomplish this goal, then this is a big opportunity for some other coin to be the alternate. Since you have been doing this for long time, what do you think is/could be the alternate coin for USDT/SBD to fill this gap?
If Steem Dollar get fixed it should be best, also Bitshares has a BitUSD but I don't know if anyone is using it.
Cool. Followed you. Hope to read some good content of yours here at steemit.
Thank you! Decided to make an article about it:
https://steemit.com/steemdollar/@michiel/steemit-devs-try-to-fix-the-steemdollar-usd-peg-in-the-next-hardfork-and-boost-demand-for-steem
Just read and responded. Thanks for sharing.
I think the steemdollar over Steem is only temporary. The problem is only Steem was added to Binance. That kept the price of Steem up during the market drop. If the market would have been stable, a listing on Binance would cause an surge in price. The fact that Steem is higher than SBD is artificial. Eventually demand for SBD should drive prices up. If SBD gets listed on Bianance, then expect a surge.
I kind of expect that Steem will remain quite steady in this bear market. The google searches of BTC is very low at the moment compare to a month ago and still tanking, but the google searches of Steemit are on an all time high!
My opinion is to buy the bits and nice goku post tho😂
People forget this all started at 5,000 and we need a correction in order to sustain the growth in bitcoin. It sucks if you got in late but this is a good opportunity to better your positions in whatever you hold if your down, you haven’t lost unless you sell. Patients will pay off HODL
When I got in Ethereum in June at $300 all time highs i didnt panic when it dipped to $150 i bought twice as much which worked out at the end.
I think it's just another buy day, and like you mentioned, never buy what you can't afford to lose. If you follow that simple rule you can watch the dump while sipping your margarita :)
I think the resistance is now at $8K, but like they say in cryptocurrency and a lot of other things anything is possible.
When breaking B because it is strong support and if the model fails the price rebounds from them.
Bottom line:
Price control on the 4-hour friday ..
Simply (the highest price support buy buy-down download down the support selling the decoction)
and do all this on the friday only 4 hours
Top support = buy
bottom support = sell
If price break The last support will be downloaded to the 6000
7000
areas in case the price will go back to 13000
Agree, definitely good to buy into now. just what you can afford
Just a little patience!
I'll way not take it bad news, rise and fall is one of the most valuable aspect of human life so as BTC, so if today it is getting down ? It will rise again like the sun the sun rises daily.
You didn't offer whether you thought it was bad news or not..
I would think not.. But would like to hear your opinion, Sir.
I'd like to hear that as well!
But what do You think?
It's good to put it in perspective like this!