According to coin market cap steem , steem dollars and other altcoins are recovering from the recent blood bath caused by haters , Chinese new year holiday and centralized governments. The important thing to note, however, is that cryptos are volatile in nature hence the possibility of making supernormal profits. Here are some few points:
**Up & Down: **whatever goes up must come down (vice versa) hence why we expect to see red again in the market. The important thing to note is that the fundamentals are solid. Therefore no need to panic rather trade and invest wisely and do not forget that cryptos successes are based on large communities that cannot be fooled by governments or haters of cryptos.
Take some profits: For day traders, learn how to remove emotions and wait when market is down (even buy some great coins or tokens like Ethereum Lyte (www.elyte.io ) which has seen great success even at its infancy ( see whitelist section of https://main.elyte.biz/?page_id=433 for their current crowdsale and join their telegram community: https://t.me/joinchat/E6tXj0dThqzzjVlWJRuxLw if you have any questions). Moreovere , avoid panic selling and buying high rather buy when people are dumping (scared) and sell some (hold the rest) when people are buying / greedy -this strategy will keep you safe.
Steem ecosystem: steem ecosystem is solid due to steem superior blockchain technology (processes transactions faster than bitcoin and ethereum combined) , moreover the upcoming HFORK 0.20 and SMT (see my older posts on this subject ) will lead to mass adoption and subsequently , high price of steem and steem dollars-therefore , make sure that you join the vibe here by investing in steem power.
See my former post: I Finally Forgot About Facebook, Thanks To Steemit
Use the below link to join the next best thing: Ethereum lyte via their current bounty-see link https://docs.google.com/forms/d/e/1FAIpQLScf9ORCo55gpLT9kIJA2kjR0ugWUeT5lDQg9GPgZ6RlW2Nc4A/viewform fill out the form and join the next opportunity in the crypto space.
Ethereum lyte (Elyte) is the next best thing. Offering just 1m tokens as total supply with far less circulation supply, top visible team see https://www.elyte.biz/ , excellent and innovative product plus deflationary nature ie token- therefore early adopters of Elyte are already smiling as they see bright future in their investments because price has shot up over 3K% since inception just 4 weeks ago even as they are yet to be listed on Coin market cap (coming soon). Therefore , we decide to give out this social media bounty in order to share tour tokens to the masses who appreciates the ingenuity of elyte.
After that crazy surge in Q4 of 2017, I think a correction has been good and a chance for coins to build a base at higher lows than not too long ago.
Although the opp for superprofits is great (!), a more steady rise lends greater credibility to crypto and I hope that we'll see a smoother ride up from here, rather than see-saws (although I suspect that this won't be the case for a while...!).
Good to see Steem leading the way in blockchain tech and my only surprise so far is that Steem is not as well recognised for this v reason - or maybe this is to come in the v near future....
I agree with you...steady rise is the key..leadsalso to more user base and solid foundation
I am also agree with you
stop unintelligent comments in order to avoid flagging and save your reputation...bot?
lol right? "Your content is so well." :)
´Good point, never panic and hold long term
Oh boy... As an oldbie, albeit one who took a long time off, I can tell you about the days when STEEM was trading for a dime and the scoffers were crowing about it being nothing more than a collapsed scam.
Yep, the winter of last year was a hard winter for STEEM. That winter was the zone where all three lines scraped along the bottom. There were times when you could buy STEEM for below a dime.
I'm damn glad I stuck with my STEEM all the way through. You know what kept me going? Not only the enthusiasm but also the user growth. Even back then, Steemit was growing rapidly as a social network. Given that growth, there was no way that STEEM would bite the dust.
Since then, the bulk of STEEM's gains have come from it being dragged up by Bitcoin. In satoshi terms, it's had a nice bull run but far from manic. And its run has been backed by user stats that have brought Steemit within sight of Medium.
So yes, there's lots of reasons to hold and stick with it.
Very good point @nxtblg , early adopters who stick with a great coin always enjoy in the long run...good point indeed. I am following you now in order to stay in touch and send in my support. We all will see great success as members of steem ecosystem.
Thanks.
welcome and lets stay in touch...More success to you.
Yeah, hold hold Hold is the name of the game.
Yeah, I agree with you man that if there is down, then there will be up and vise versa. Only through patience once can earn big. But, it is also true that when ever we see the market in red we start to panic and in that frenzied state we stop thinking Cleary and makes mistake of reducing our losses by selling our holdings. Although this method may save us from a short term loss but it will also be the cause of the loss of our largest long term gain.
For example, India's Investment guru Rakesh Jhunjhunwala in year due to economic dipression suffers a loss of more than 1000 crore ₹ but he still didn't sell his securities under pressure and then after 2 year in 2015 when market was up he made a profit of more than 2500 crore ₹. This shows that only through patience one can earn big.
A Casual Writer
Good point indeed, thanks for sharing
It is always a pleasure to visit your posts, I learn a lot from cryptocurrency dear friend @ charles1, thank you very much for sharing all this information.
I wish you a wonderful day
welcome my friend and I enjoy your posts too especially the beautiful pictures
We should now keep the cryptocurrency deposited.
Steam is moving us upwards.
Good point
rising and falling is common in investing, fear of taking risks means not wanting to succeed.
Point
Steem and other coins will continue to rise.
why?
Your so right @charles1 ! I just HODL Untill the price goes back up and whatever you do DONT PANIC ! LOL! All great points my friend , thanks for sharing , upped and resteemed !!👍👌✌💲💲💲
Good point my dear....
Thanks !You too !😀
Most price of commodities usually goes up and down. price will continue to come up gradually. upvoted
it depends ...
Your right, the steemit ecosystem is very solid. upvoted
Point
The prices of steem and other crypto will continue to recover.
why and how?
I am happy that steem is recovering back, that means more money to me. thanks for sharing .
Point
Well writing article, excellent point. let the price continue to go up. upped
what exactly do you like in the article?
As you said what goes up must go down and so on. The Correction is needen on any asset in any market for price stabilization and for for new ATH.
We can see how it works for an example of the price of bitcoin in the january of 2016 and then in 2017 and then in 2018 it is so similar and beside of the politics and the governments regulation for the long ther it is rising...
Good point.
Very good post as always and to the point. Upped
welcome
Wave 2 correction is almost done - looking for bitcoin to rise to $30,000 soon - altcoins will follow.
Good point. I am sure that bitcoin will rise again...steem too
Yes, you are right, crypto market is very volatile. Good point. Upped.
Point
Just keep holding! Don't panic! Awesome post Charles :)
Thanks to hear from my dearest one again!!! are you back home? greetings
awww no! Still traveling! :) Won't be back until end of Feb! :)
Damn!!! I miss you every second!!!! wanna Yoga?
You are right because life is like cryptocurrency, bitcoin, steemdollar and steem it goes up and come down. Some times it stays at a particular point for a very long time and comes down!!!
Good point, hopefully we will see a more bullish market soon.
Really nice post...what a beautiful way to encourage us all... Just like you rightly said no need to panic because the fundamentals are solid ..thank you for sharing.
Good point, more success.
once the bitcoin futures contract expires on the 26th, everything is going to start going up very fast.
Hopefully...owever the cheap price is good for the masses
Always wonderful thanks. If it was possible to help vote for my publications because my account is new
why ...bot?
Crypto will rise up again just wait for it to Pop. :)
For the people by the people...either we choose our way or the bankers way...tbc
很棒，非常受益。
please upvote dea and follow dea, i am a newcomer in steemit @cutdeasativa we become good friends
Spreading info is always a good thing as long as it is accurate and it's very necessary to add that trading is risky and in no way an easy money making activity because not everyone seems to understand this.
Yeah, the only way up is down.When it comes to cryptocurrency am a long term holder. And for steem, because of the ideology behind it i see it hitting $300 in December. If $16$ worth of Verge as at december 2016 is now worth $90,000Then who says steem won`t hit $300 in december.
To me is normal thing in any uptrend , there must be pull back or correction.
@originalworks
Hope everything will up very soon.
same here
I think. this is a great post mr ...
i like to reading .
thanks, I was following you and upvote your post. Please follback me .. thank you
@arief2207
F4F Bot?????
thanks ^^
Comment bot?
We are on a steady rise. Steem up!
This post has received gratitude of 1.45 % from @appreciator thanks to: @charles1.
Throughout this correction, I have been holding strong. Not sold a thing, nor given into the fear side of things. I have held my faith in the system as being the future backbone of our world, for Social Platforms, Money Transfers, Storage Systems and security alike.
But man has it been hard, watching my portfolio go down by many many times.
I completely agree with avoiding panic selling, as that is the worst thing you can do. But the same goes for panic buying, I think that buys should be well thought out, not feeling like your missing out then buying, and potentially having it drop straight after. (Know that feeling)
I swear whenever I buy a crypto, it drops in price, then stays low. And its not until I have held onto it for 2-3 months and sold it, then the price jumps up miraculously AFTER I am no longer holding it....
This is a cruel cruel world :P Man its fun.
Thanks for your post @charles1
Lovely
you are being flagged by a big account for your spam comments...soon your account will be destroyed with flagging and your reputation compromised ...learn , read posts and comment accordingly...bot?