Journey to CFD crypto trading - Spin off edition - Get busy with Steem HF20

davidke20 (74)in #steem • 6 years ago (edited)

On STEEM/USD, seriously guys, look at the huge ass triple convergence setup. I really wanna see it break the damn trendline and find the next resistance!

I'm taking a break from my CFD trading experience as my mind is disturbed by anticipating and anxiously waiting for HF20. Those who knows me well already know I've only been on crypto ride since a year ago, signed up my Steemit account in July, and only gotten it active in 2017 November. Only got my first payout in December! Technically, I'm still a newbie in the crypto world and know absolutely nothing about how these digital assets would work for me.

Since I don't know anything about it, why would I be worrying? Here's my understanding with crypto/Steem and why would I FUD about it.

Steem is somewhat volatile because it's one of the "affordable" assets compare to other digital assets.
A sharp move from BTC would really affect Steem, when the big money got no way to go, the smaller ones will be getting pump/attack for no reason.
Many stake holders has withdrawn from Steemit, and there's rumors saying an enormous amount of Steem is currently sitting at the exchange. Either the big shots are going to dump all and run, or they're waiting for a good chance to speculate for more profit.
There are set of rules that is going to kill off bots and more new rules that is going to force the community upvotes to be split equally, and to reach vast majority of the people who needs help. Not wrong with that, but how can I make sure I cut a nice clean piece of that cake.
SMT has been spelt for many moons, in my mind, it already became SoMeThing that is not significant anymore. It's like everytime the officials announce it's delay, Steem price go South further. It causes chaos more then cheer.
I see a lot of SMT air drops, they usually require Steem Power to redeem. This said, Steem wanted people to stay. I have not much, only about 800 in hand. If I were to power down, it will take me 13 weeks. By the time I got the money, who knows Steem price may be moon? I'll be regretting to have taken my SP out. Had the Steem price continue to drop? I missed the opportunity to cash out!

Last but not least, what if HF20 didn't go well? Some said, it's easy. Just roll back to HF19. Don't get me wrong, it already happened last week where the fork causing the chain split. Despite they said the patch has been made, and there's a chance this can still go wrong. What if the patch kill HF19 as well. Do we still have HF18 in place? Or do we have a backup plan as HF21? Educate me if I understand it wrong, but don't get angry at me. I'm just taking this opportunity to stop posting for the next 24 or probably 48 hours?

Funnily, the huge ass triple convergence setup is happening on BTC as well. Nope, don't get me wrong. Merely stating that I find them similar. I'm not in anyway talking about trading today. Merely sharing my point of view. I have a workout post supposed to put it up tonight, but let's give it a break. I think I'm gonna blast all my liquid Steem before HF20. Waste a bunch of good upvotes before I hit the sack.