Just sitting here thinking to myself damn self this crypto market is on sale when I continue to read mostly positive news everyday and the market is red again...how long does this sale last? Russia is making big moves in the blockchain business. Multiple Russian corporate giants have created a joint venture with the government to develop blockchains and digital economy. I mean does that sound positive for the overall stability of the blockchain ecosystem or is it just me? I'll post link below if you want to read.
What is going on?
One of the options (very likely true):
Everyone realized that Bitcoin was not a "passing thing".
Now you need to "make" a good price to buy Bitcoin.
It's better to buy for 6,000 and no for $ 20,000, right?
Random Russian rabbit hole - worthwhile interview series with Putin by Oliver Stone on Showtime
I think this is more of a correction than anything. It was hyped, people lost their ass scrambling to invest and now it’s leveling back off. I think it’s a good opportunity for more people to start to get into the market at a decent price rather than trying to get in when the price was astronomical. When people get in at a reasonable rate it’s better for us all.
A good friend said to me a little while ago. Don't try to rationalize the markets, you will drive yourself crazy... they don't make any sense, just be patient.
I've been trying... I've been trying.
That being said for us, the Steemians we got a good move, which is, while the price of Steem is down, if we post more, we can collect more tokens.
Think about how many tokens were "mined" when steem was 7 cents.
You as an investor can think of it this way, the more you curate, the more you post, you are lowering your average.
Is it heart warming? probably not, but the market overall overtime goes up... we just have to be patient.
yep power up and get it to work lol