That was a brutal month. But I take it as a good reminder that cryptocurrency is a high risk investment, and even though I am personally more of a true believer, we should all take pains to be prepared for any level of market crash. Even total failure.
That -50% month for Steem... wowza. I hope it doesn't get much worse than this.
Bring on the sub $1 steem, I need to fill my bag.
I'd be very surprised if we ever saw sub $1 STEEM again. Anything under $1.50 I'd buy like mad!
Thats about where i would be a buyer, i cant throw lots of money at it, but i am out of delegated steem power as of today, and now it's all my own steem, and more small buys if it stays near that $1.50 mark.
Risk- reward, you think more people would understand how that works. Solid investments tend to not have surprises in huge returns. Dont play the crypto game, how many of you traded World currencies? Stick to using crypto's like the dollar or paypal, use it where you need to. It's one of those things, you might get lucky if your not a pro or on top of the game. But chances are it's not going to end well for most people in the dark. Plus cryptos are not decentralized, no matter what they tell you. What you are seeing in cryptos is a wealth stealing tool of the rich, Maybe better said, the rich are passing their bills off on you and you are unaware. and they are now charging you to even transfer, to every business or person. Small amounts, huge volume. Miners are doing banks work for a fraction of the price.