Man crypto is almost becoming laughable at this point, I'm not seeing any chance of resurgence here, all the news I'm coming across without actually attempting any formal research is meh, at best, which isn't good because just a few months back everything was crypto this crypto that. The public has lost all hope its seems at this point. Blockfolio accounts are looking dim and grim, #ethereum is at $545, #bitcoin at $8621 as of right this moment... tho not all that bad compared to where it cam from just a few years back, it just seems the overall crypto movement has been dissipated and therefore affecting all the alt coins like #steem. I still believe there will be a recovery but all this down time in the big names isn't good for the long term price action. If BTC does manage to get over 10k or higher, how long can that really last given this precedent the masses will surely sell off first chance they get to recoup their investment without any real faith in the coins. Seems like crypto just popped off too early for a legitimate adoption. Even tho most coin projects were in their infant stages, seems that functional platforms such as #steem are the ones being the most adversely affected.
I guess I'm just pissed that I expected to see my account value grow instead it just seems like everyday is smaller and smaller. I loved the idea of mouthing off whats on my mind and get compensated for it by the people. I'm sure I'm not the only one, its just a shame that such a great concept which should operate independent of all of that other nonsense should have to be paying the price is what I'm trying to get at, there should be another way for this project to flourish but at this point all you can have is faith I guess that things will pick up.
Sometimes I feel like I'm the pulse of the market, when I'm down in the dumps about things and get that itching to sell a position, that's when things pick up, and inversely when I'm over exuberant and feel like I'm on top of the world in my trading thats when the epic landslide occurs. Its like fish mentality, so I've learned over the years to never act on those impulses. If I'm feeling down and hopeless about my position, don't sell, things will get better, probably soon. Now if the charts looking like a Mount Everest climb to the top and I'm feeling like a genius for my profitable decisions and great foresight...then yeah, it's probably time to sell. Just saying, I'm no market analyst just a regular guy that's touched the steaming coffee pot one too many times.
So anyways in a nutshell I'm just pissed off that #steem accounts are hurting because of the overall shite crypto market; its like one good apple in a rotten apple pie. Even tho a lot of coins are in the green today its still just a steamy turd. Sorry for the rant, you see, I use #steem to blow off steam and a lot of time I'm not even sure what it is I'm trying to say until I work thru it. It's like therapy, I release al my inner frustrations until my fingertips have had it.
My next endeavor is to conquer Amazon selling. Everyday I conduct more and more research on that, and everyday I feel like I'm one inch closer, yet still miles away. At some point its just a matter of doing it and going for it, but the most crucial step for me at this point is product selection. You can get all the other steps right but if you choose a shit product to source and produce, you're outta luck regardless of what steps you take net to try and sell it, no one wants a flaming hot turd even if it has bells and whistles. Some people suggest starting off with something basic and small and cheap just to get your store exposure up but it seems like it may not be as easy at that, seems like theres a lot of moving parts to the well oiled machine known as Amazon and I'm not about to bring a knife to a gun fight.
Alright peep thats enough for now I'll be back with updates
Image address: https://pixabay.com/photo-3228194/
Understand your sentiment completely. Still a good case for institutional money to come in this year, but it won’t come until there is a real sentiment we are at the “bottom”. When I feel this way I try to zoom the graph out, makes me see how far up this market still is compared to a year ago. I do think in a bid to spread FUD and shake off weak hands blockchain has been accelerated up the hype curve and we might have prematurely entered the trough of disillusionment, which could reign for a very long time ( probably akin to the trajectory of 3D printing)
Hype curve below for those unfamiliar:
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