Fact: Cryptocurrencies are on A Long road to recovery & why I am Bullish on Steem
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