People tend to upvote posts that say what they want to hear. Based on that, this will not be one of my more successful posts. :)
I do not think we are going to see a big Nov/Dec pump. I am not saying the price will not go up some, I'm talking about getting anywhere near the high of $20k BTC or $8 Steem.
Last year, while the markets were pumping..... BTC was having five hardforks, which gave people a reason to buy whether it was free tokens or the idea that one or more of those tokens were going to make BTC a more useful piece of technology.
In addition, every media station was talking about Bitcoin, not all of the coverage was good, but it was enough to make people wonder what Bitcoin is and create FOMO.
This year we have a silly hardfork which is highlighting the lack of logic and business sense in the Bitcoin world. To my eyes, it looks incredibly immature and makes me wonder how this group of clowns is going to treat anything like a valuable business venture which lends it's self to enough credibility to invest in.
I'm in for a bit longer haul, and it is true that often the BTC markets do not make sense.
I'm on the record for saying we will not see a huge bull run, but I will be happy to be wrong about this.
Full upvote, feel the power of my 3 cents. Yup yup, interesting times right?
Just want to spread pieces of information here:
https://steemit.com/smartsteem/@smartsteem/growing-smart-with-smartsteem-hf20-special-edition
If that was intentional to give 25% of the 0.03 cent vote back to the reward pool instead of getting curation rewards, ignore my comment. 😄
I'm excited for this information. @Whatsup is pretty savvy with math and I'm sure you just barely beat her to the punch. I'm not sure what 25% of 3 cents is but I'm sure it matters.
Thanks so much!!
This gave me the giggles 😄
Haha, We all have tiny votes right now...
Yes I have tiny vote syndrome :(
For me every BTC pork is a shit! It's like they are cloning a great great grand father lol :D I wish the world will recognize the true power hidden with STEEM, BTS and EOS! Then it might be the right pump and it might be the never ending pump as well!@whatsup,
Cheers~
December could be good if they decide to start pumping.
Well, everyone is expecting further bear prices since last dump, so i guess its not a surprise if we dont have a bull run this year...
That's good. I think many are going to feel disappointed.
Most of us are disappointed already, but well, thats the way life is... this bear market cant last forever...
hey whatsup... do not want to spam your blog.. but I just wrote a pice that fits to your article..
https://steemit.com/steemit/@solarwarrior/vote-delegation-the-source-of-all-evil
So true - I feel like if I see another post saying Bitcoin will hit $15k this year I will have a spazz :)
https://steemit.com/bitcoin/@jrcornel/tom-lee-we-still-think-bitcoin-is-going-to-end-the-year-at-usd15k
I agree, it's just annoying... It's going to be 15k.... Based on what? Um, because I want it to be.
Last year the people who said all year "cryptos are going to the moon" ended up being worshiped like gods on Steemit.
But strangely the very same people who just kept saying the same thing all this year while cryptos went down are STILL worshiped like gods? Rather than like one note parrots?
I said Bitcoin was all over back in January but I still don't have any worshipers :)
We are absolutely horrible at rewarding reasonable behavior. In my corporate past we did with by using the money involved in the game to give people incentives. Crazy Ideas... I'm full of them.
It's DOWN, It's Not OUT! It's price is DOWN- But Bitcoin is NOT over. It will have it's comeback. I'm buying your beet chai tea when it does.
Splash out and buy some cod liver oil!
Repeat each day!
https://steemit.com/bitcoin/@jrcornel/bitcoin-took-roughly-34-days-to-go-from-usd6k-to-usd20k-in-2017-can-it-happen-again
But... But... They say it will be so!!! ;0)
haha, they say so many things.
I honestly think we won’t see any bulls until 2020! All I know is ima be ready with my bag of Steem to take advantage!
Posted using Partiko iOS
Yeah, should be good to have some time to accumulate.
Totally right. Waiting around for the next big price jump sets expectations so high, that it will automatically lead to disappointment.
Doesn't need to be good. Trump had a really hefty media coverage in the election. Free advertisement basically.
https://www.nytimes.com/2016/03/16/upshot/measuring-donald-trumps-mammoth-advantage-in-free-media.html
After the media was through with the topic crypto, prices went back to normal. Simple as that. No free "advertising" budget of some millions, no high demand, hence low price.
Yes and as Qa pointed out, there was a lot of money pulled out of the thin air.
Keeping it real as they say. The market doesn't really feel like it's about to pop
Posted using Partiko Android
I have become free from watching the prices lately as I remind myself that this is only a portion of my investments which I knew were in volatile and risky assets so I just focus on how I perceive the value being created here. I still feel that the engagement I get and give is part of the value creation process which will ultimately demonstrate that Steem in undervalued.
The whole saga can be hella confusing especially for those of us looking to learn. I was waiting for that pump to move house and do some other few things but I guess that is gone with the wind.
Hanging in there either way. Looking forward to where gathering Steem takes me.
Posted using Partiko Android
I think there was still this tiny little glimmer of hope in the back of my mind before this last dump, but after this I was like, alright time to gather nuts and tuck in for the long winter.
At this point I think a few more things have a chance at sparking a bull run, in the entire market, or a Steem pump. One is Bakkt because it may cause another boom of crypto news in the mainstream media, or Steem getting listed on Coinbase, which would probably give us a pretty good pump. SMT's and Communities I think will be great tools to better the SBC, but I think we might be past the point of ideas pumping price. We'll need products.
I read each line attentively and the grammar was simple, why I don't read some people's post is because even the start is boring. Who wouldn't want to read a post about btc and steem pump? Let me tell you what happened to me few days back on binance, sorry am just a small steem holder living by the mercies of people like you who have decided to support my content. I sent 45 steem to binance last month, I don't know how to trade but what I know is I change my steem into BTC, when steem price falls I use the BTC and buy steem making a profit of 1-3 steem, after the whole thing I managed to get a profit of 0.570 steem, immediately I cashed out, the price of steem started declining, I was unlucky but I hate that word unlucky, I just had a bad timing, on Thursday steem price came down to 0.58, I decided to deposit more on binance this time I deposited 95steem, let me put it this way, my hard earned steem hoping that it will go down so I can turn it from 95 to 100, that's 5 steem profit, immediately I deposited steem started climbing, not from 95 I am going to get back only 93. Now I have placed an order to buy, I am not praying that steem should go down, I want to be able to go back to school, if steem is $1.0 I will by the end of the month boast of $111 which can take me back to school. Now I have two problems how to get back my 95steem and the price to go back to $1 before December 5
Posted using Partiko Android
Agree in total. You had better be long, or sell now if you can't bear any more looses.
The problem with Bitcoin and crypto in general we had some many ICO scams it artificially pump'd the price up to a point where we couldn't even find what the true value of BTC was. ICO scams seem to be on the way out a bit so now the next pump will hopefully be real value, not fake news. I'm gunna go out on a limb and say we still have a winter pump so there!
Money out of thin air, I agree, most of it is "Paper Money". But it doesn't translate well to real world economies.
Does it remind you of anything , say the tech bubble?
None of the legitimate ICOs out there had a product even and were getting market caps of a billion! totally ridiculous and absurd. The illegitimate ICOs aka scams, didn't even have teams that were real ( stealing someones picture to put up on the "team" page?) .It was all so absurd and overally exuberant. I want a real crypto economy , built by real people w/ real products/services. Hopefully, Steem can be that base for it and the crypto world can learn from them. Time will tell.
I have some theory where steem could be a good buy...
I have the 100 Mio. USD and 50 Mio. USD marketcap as target.. atm that would mean prices of 34 cents or 17 cents...
100 Mio. as a business as usual scenario and 50 Mio. in a panic scenario.
Not saying that I believe or hope it is heading there.. and DO NOT TAKE THIS AS INVESTMENT ADVISE, NEITHER TO SELL OR BUY! - just saying that then I would put some real money into this game...
why? first of all those would be pretty small numbers in a corporate world and for such a technology and community.. however bad working it might be atm.. there should be some value left...
and secondly it would also be such a drastic devaluation that the whales and witnesses could start a rebellion motivated by seeing their value drop to 0 and even the steemit creators could be open for some major changes.
Of course there could also be a scenario where the current price is a good buy in price, witnesses and whales deciding to stop bot voting and vote buying, starting major impact campaigns to attract good authors, SMT lifts-off perfectly and steemmonsters gets some more successful brothers and sisters...
but hey.. Christmas is only once a year...
But but but...what about my lambo?
Jokes aside, I do agree that this December will definitely not be like the previous one for cryptos but I still that people who are patient enough will have a lot of reasons to be happy in the long term.
Like with everything else in life, goos things come to those who wait.
Posted using Partiko Android
Goos things are coming... To those who wait...
No Lambo for you!
All I wanted was a 2CV.
I got here in December not knowing anything about steemit or crypto. Learned as i was going... and it has been a downhill slope the entire time. I will pleasantly surprised if it goes up but not really expecting much
It will get better my friend! hang in there :)
Thanks! I'm In!
Let's ride with it for the time being, keep everything crossed and pray to the Bitcoin gods to help ... if that doesn't work SCREAMMMMM lol :)
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This year in not good fir crypto.