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RE: Crypto Dives AGAIN? Trading and Some Warnings
I'm right there with you on this pullback. I bought more Steem last week at $3.72. I would buy more only if I see it hit below $3 at this point. Once again, I feel comfortable with my allocation and just going to patiently wait and see what happens. Thanks for the post.
I watch the Satoshi levels rather than USD personally, so Steem really hasn't been moving much since it came down to 30k Sats not too long ago where I did decide to pick some up.
I'm thinking about taking another position as well. Let's see if the market peels back any further. I'll wait till it starts going back up before placing another buy order.
This is why timing the market esspecially the crypto currency market is so hard, just when you think it can't go lower it can drop 20 points in a day. Waiting until it goes up it past your target over night.
Haha. No doubt! That's why I'm not a trader! I'm looking for long term value and cash flow. That's why I like steem and steemit. You can actually create cash flow based on your account balance and engagement. This is a dream for getting allocated to crypto in a "safer" manner.
Brett, what is your opinion on coins like Steem that require a quality level of user adoption to validate the price of the coin and make it valuable within the ecosystem? I have been looking at things like datum, flixxr, and bitclave. All require average people to adopt them. Like bitclave is a decentralized search engine where advertisers pay you instead of Google to show their ads to you. This seems awesome because Google currently makes all the money and I just get spammed, but for advertisers to take interest in bitclave it will need adoption.
Interesting...I'm honestly not that familiar with too many coins. I like the idea of a search backed coin tho. I have checked out Presearch which is similar to what you described with users getting paid to search. I do believe that is the way of the future. The reason I'm most attracted steemit is because of the steemit community that's actively engaging and getting rewards in steem. I believe it will take a community to break crypto to the masses. Social & Crypto seems like a winner to me. I have to admit that social is my business and if I were in another industry, maybe I'd be attracted to different coins.
I do some digital marketing so I guess I am biased to the space too. I want coins that have real usage. Also things like binance coin seem like safe bets. We know it gets used a lot. Maybe I just over react and get pissed off with every Facebook algorithm change but I wouldn't mind seeing their heavy handed control die to be replaced by decentralized social.
Hahaha! Yes, Facebook is so powerful but there is a change in the air. They just changed the algo to lean back towards friends and family. They gonna need to change that algo to start paying people for engaging!!! Boom!!
I agree with your assessment about Facebook and their algorithm, but the bigger beast is google. I have developed and managed my company's websites for 20 years and built a nice business based on organic search results. A few months back the big G changed their algorithm and our traffic fell by 50% or more. Time to move on from that game.
I emailed the team at bitclave, a decentralized search engine, today to learn more about how they are going to protect advertisers from searchers gaming the system and just searching for things purely to benefit from advertisers paying to make them an offer, which is how bitclave works. You get paid as the user for a brand to have the privilege to market to you. A project to keep an eye on. A little early for me to invest since it has only been on exchanges for like a month. I tend to like waiting a few months to let the ICO hysteria die off and tank the price.