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RE: Crypto Blood - Analysis - EPA - Steemit "Stuff" - 157
Well, it gave me time to add more fiat. I will buy more very soon. Even if it goes down more, the price of a lot of cryptos is really good right now to buy in.
Are you still bullish on most of the cryptos? I'm still bullish on Steem long term but think a lot of the cryptos will fail. Reminds me of the dot com bubble bursting.
It's too early for a lot of cryptos to fail. A lot will fail, just not now. When there is a new pump, I'm going to sell some of my cryptos and move them into projects I trust more long term.
I think people are cashing out now. Maybe it will change hard to say. It seems like Steem is the only one really backed up by anything.
Sure people are cashing out. But I'm not in it for the short term. I don't know why you would say that Steem is the only one really backed up by anything. Look e.g. at my favorite crypto Vechain. that project is HUGE, with many partnerships already active, and their technology is already being used in the real world.
I guess the better cryptos should do well in the long term especially with inflation coming. What projects does Vechain have?
Here is some info already:
https://bitshouts.com/vechain-partnerships-ven-dapps/
The list is now longer as we are a few months further. Still it already gives some idea.
Sounds good I guess but that article almost sounds more complicated than Steemit. lol I think I struggle somewhat because I am pretty new still to the crypto world. The Steem blockchain is pretty complicated but it does make sense to me for the most part.
Are you active on any other blockchains besides Steem?
Not active. But I do invest a in bunch of them.
It's too early for a lot of cryptos to fail. A lot will fail, just not now. When there is a new pump, I'm going to sell some of my cryptos and move them into projects I trust more long term.
The sale ... Look at that sale .. all crypto half off :)
I got a few hundred USD sitting in my btc-alpha account. I am just waiting on the right moment to put it back into crypto. I likely use it to fund my account here on Steemit but I am not sure yet.
I just wired some extra money. I'm slowly going to be added to my positions. We don't know where the bottom is. But at least I will have a good average price. And in the long run I strongly believe it will go way up.