Hello everyone
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If there is one thing that makes me smile everyday, its when coins that I hold do well on the market. The beautiful thing about this is that the time is a little over 11am here, a beautifully bright and sunny morning in Delta state Nigeria, and I opened my bittrex only to see my coins had shot up.
To be sincere, I had a stressful night, and waking up to this is good. Despite all the hustle and tussle we do on steemit, promotion here and there, I advice those close to me to HODL certain coins and know when to sell others.
So for all those I have been advising, hope you bought these set of coins below;
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I am particularly happy about ZCL due to its btc connections, as well as steem, cause I have been saving up some steem for a while now.
Also happy for the fact that while BTC itself remains and hangs round the 11k mark, steem seems to be on the run. Of cause the question on everyone's mind is;
Will steem sustain this momentum?
The truth is, its still difficult to say, steem could run and run till it hits $30 for all we know, or it could behave like an oil drill and drop down to look for oil.
One thing is for sure though, 3 days from today, all yalls post are gon increase in value.
On to holding, ICOs, and why?
In the crypto scene, patience is key. Watching and understanding how a market works can be the difference between a good profit and a devastating loss.
This is something that you need to sit down and understand. Over the last year, I have participated in ICOs that were complete shams, lending coins especially, as well, I have participated in ICOs that produced a little profit.
Not every coin should be held, and not every coin should be sold. Personally, I hold just a few coins, coins I know has potential, and I continually feed these coins with SBD to make em grow.
Im not a crypto professor,if you want some TA or signals, meet @samstickkz or @prechi, however, even a novice will know that coins like BTC, STEEM, ETH should be held.
With respect to ICOs, you just have to do your research, its amazing how much info you can get from spending just one hour researching about a coin.
First things first you need to know about is;
- Who is running this ?
- Who are the sponsors, endorsers, ?
- Whats the vision and long term goal ?
- What backing do they have?
- What country is this originating from?
The above are questions I try to find answers to when researching on an ICO, check their twitter handles, how log the company has been active, check if any prominent scammer is backing the coin, and so many other things.
The truth of the matter is, youll be searching for a long while. Most ICOs today are scams, designed to simply make the owners rich and nothing more.
If youre good, you can make a little profit off your investment, but you have to be fast about it.
Like martcoin for example, I still dont know what their deal is, but is is a lending platform, and like all lending platforms, will fall.
I was able to make a little gain, over 0.4eth from an investment of 0.1 eth.
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at the time the exchanged launched, I would have sold 100 martcoin for 1eth, but I wasted too much time, and i was only able to sell and gain 0.5.
Like I said, you have to watch the market.
I sure hope martcoin allows me to withdraw the eth
Predict and win 6 sbd. Contest for rep 58 and below
Ok everyone, now we all know the price of steem is seriously undervalued, I mean come on, steem is one of the most, innovative ideas out there, it should be trading for at least $20 at present.
With the erratic and volatile market we have, I thought to throw a price prediction contest for steem.
So this time around, 6 sbd is up for grabs, nothing too much or fancy, just a small token to help those who may need it.
The contest is about predicting the price of steem, exactly 24 hours after this post has been dropped.
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time to predict, what will steem be at the above stated time tomorrow 26th January 2018?
for those who HODL its been a great day steem trading above $6 is a good thing , i hope it goes even higher to $10 or even $15
Wow boss this got me thinking by this time tomorrow, its really a great think! I will go for 6.9
I think it will settle around 7.04 by this time tomorrow!
Good analysis..thanks
A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.
Guess we have started getting a steady hype.
Coins mentioned in post:
I predict Steem to be around $6.600 by 12:49:30pm tomorrow 26th January.
It will settle around $7.05 in the morning tomorrow
It is a winner to anyone that has a growing prospective coins and when you found you stick to them throwing in some cash into them, keep them, as you see it grow daily and steadily at coinmarketcap. I will look in your direction @ destinysaid
@destinysaid. Thank you for the knowledge shared. Thank you too for the up vote on my write up @dozy..... "Steeming your talent". You are a mentor. I follow u awedy
I thin we are in for better times for steem. One of the reasons and the main reason at that is the listing of steem and SBd on that korean exchange, "Upbit". You will notice SBD started receiving a pump around 6th Dec which is not far from when Those two tokens were listed on that exchange. What it cause was an increase in the market cap of the tokens and of cause the volume and then the price. Check out the screen shot below...
Imagine Upbit not in the exchange biz of sbd, then we might not be seeing this... Imagine bittrex with the volume it has there used to have the highest volume of SBD trading before now, then we would have still maintained our SBD at 1$ haha...
Check out this price history below....
You can see the point at which the market cap increased was thesame point price responded and changed....
Okay, we had this quick for SBD because of it's lower supply when compared to steem. Steem had to do some "strugling" before it responded.
Now on steem,
There has been a big spike in amount of new registrations recently. If you notice too; that's more adoption of steem.. Now, the reward system is structured in such a way that less steem is paid out now... This would help control the liquidity of steem and help it "respond faster to stimulus".
It was an amazing thing waking up to this as well. I have been trading the in-house market. Anytime steem goes below 0.7 I am always buying. Seeing we are approaching a weekend Steem is likely to go down. I predict 5.60 price midnight tomorrow. I am actually hoping that I am wrong.
$4.50
Think I'll go against the crowd here.
Yes bro that's also what put a smile on my face.....praying it goes higher than this 😊
Thanks for the update boss @destinysaid
Late entry tho!
It will be around $6.5
It will be $6.74
Nice one, when destinysaid every one should shut up. thanks for this education
I predict steem price will be about $6.7 by the stated time.
I predict steem to be at $6.10
Thanks so much for the information,then well i predict steem to be around $5.7 by the above stated time @destinysaid
Weldone boss. I've been seeing your good work everywhere. Millions to your account much more. Much love
Nice post boss,actually that's true.My post has increased in value,steemit is really nice.Keep steeming boss
I think there's so much to be optimistic about in the market trend of steem, it's one of the blockchains with so much activity, our actions and inactions are what steem Will bank on to get better.
@destinysaid
Wow, SBD is so HOT right now.
Too bad I didn't buy any earlier ;)
Gonna try day-trading and post here about how it goes, thanks a lot for the tips :)