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Coinmarketcap doesn't look pretty today.
It's a red day across the board.
I tried to find a reason for this but I couldn't find it, except for some politicians calling for regulation again.
STEEM and SBD are both down around 25% but it has nothing to do with the Steem blockchain.
It's just crypto markets that are still so closely connected that they tend to go up and down like a wave.
I'm waiting for the day that this will no longer be the case. But that might be a while :)
So I consider it just another day to sit on my hands to ride out the storm.
Like I have done many times before.
I am very happy I took the decision 8 weeks ago to diversify some of my cryptos (BTC, ETH, and SBD) into fiat.
For 3 reasons, it now buys me time (to ride out the storm) and gives me peace of mind because I can pay my bills. And if things go low enough I can buy back in.
I talk about it more in my vlog.
I am a witness with our developer group @blockbrothers for the Steem blockchain. If you want to support us I would appreciate your vote here.
We build Steemify a notification app for your Steemit account for iOS.
Get it Here:
▶️ DTube
▶️ IPFS
We've just to stay calm and focus on the long term, I'm sure we have both been in crypto long enough that we've experienced many days like this. Hopefully the sell off was not caused by some indider knowledge thats yet to come out...
This is the hidden gem about steem. If you are focus on the community and have fun and earn reward, you are better situated to understand the ups and downs.
Keep on steemit.
Just another day in Crypt0 thats for sure @exyle. This is the time to accumulate more cheap Crypt0 before the next run. I expect things to turn around for BTC in February sometime. If you look at the charts from last year we had similar dips around this time. I placed my vote for @blockbrothers as well, good luck with everything brother you're doing great things here..
Thank you, your witness vote for us is much appreciated!
First of all, thanks you for the vote on our witness @blockbrothers. That helped us a lot. And second, yes indeed another day in crypto. I also do expect things to turn around although not sure about the timeframe. And for me this is where STEEM works better than any crypto because you can earn crypto here while the markets find their way.
Yes, time to get some coins. A lot of stock options expire this Friday so assume some big investors need the cash to cover.
Thanks for informations
Same here also, I woke up this morning just to check my blockfolio which I saw the market is totally red. But I believe it happens like that in a while and I am sure it will be green back.
I just convert some of my sbd to steem just to support a project. I remember, I learn on how to convert from you, in some moths back.
Thanks so much mark. You have being my steemit mentor since the first day I read your post.
Have a pleasant days ahead.
Thank you man, you have great day too!
Mark, I saw @blockbrothers is in the top 50, on nr. 48
Congratulations, it is great you guys have come this far. I am really happy for you!
thanks, mom!
I really enjoy your videos and positive attitude. I wonder what is your target price you start to power down part of your STEEM? I personally would go totally mad if STEEM goes back to 1 USD after we had this huge increase to 6 -7 USD.
Thank you! Like I said I don't enjoy these corrections but they are part of crypto so I have to accept them. I would always choose positivity over negativity :)
i like your comment , you are so positive man .
feeling lucky to be a part of your community .
that sounds pessimistic .. or similar to "$1 is a reality we are facing."
STEEM will not go back to 1 USD!
Yes let's hope so, it would be hard to watch.
@exyle,
It drops due to this news, as always a temp drop! We must HODL!
https://www.bloomberg.com/news/articles/2018-01-15/china-is-said-to-escalate-crackdown-on-cryptocurrency-trading
Cheers~
Even if you diversified to all the cryptos you would get smashed.
Yes, this why I mitigated some risk into fiat.
I guess this corrections on the market have to be so much scarier for you after you quit the job... for me its just a hobby to have some crypto so I just hold and hope it goes up again :) congrats with your place in the top 50 of witnesses! Lets try to get to the top 25 now, I will vote too now :)
I did not quit my job entirely although, yes, I did let go of my 24/7 contracts. I still do not regret it.
such positivity
I try to be :)
what a day total change around in the crypto totally down but as you said already diversified :)
A $700 billion bull run followed the last correction that was similar to this. There will be absolutely no problem. Panic sell is the only enemy here.
It's nice to see you staying positive :) I think it has to do mainly with rumor from China, about their government cracking down on Crypto. In general, there have seemed to be a lot of different stuff over the last few days, with the metropolitan bank, rumors in South Korea, and now rumors in China.
That being said, i woke up from a nightmare, and seeing my portfolio really didn't help my morning :)
I was egarly waiting to your post, for the valuable information about the downfall of the prices of cryptocurrncy, as you are always optimistic, I am also remain the same. Thanks, risk is the greatest key to success so let's see what will happen. Thanks.
Your vlogs / blogs really give me strength. I took lots of decision after following you and beleive me I got wonderfu results specially in cryptocurrency.
But honestly speaking, today I'm feeling bad. My bittrex is almost 30% down today. Although I know the reality but still as I'm human too so everything is connected with each other.
Thanks for your blog @exyle.
I really wish that things will stabilized soon. The sudden crash really caught me off guard. But I will keep a positive attitude. Hopefully this is only temporary and steem will moon again.
this is going to be a hell of a ride for those who don't know how to handle these kind of pressure and will immediately better hold and forget :)
I really enjoy your videos and positive attitude. I wonder what is your target price you start to power down part of your STEEM? I personally would go totally mad if STEEM goes back to 1 USD after we had this huge increase to 6 -7 USD.
Thank you. I have no price target for power down. I think it's one of the most valuable assets in crypto. I would not know what to sell it for?
It's not fun, but it's not painful when you just learn not to pay attention. Like you say in the title: another day, another correction.
As long as all of crypto is priced in BTC, this will happen.
I've learned somewhat that the best strategy is to not look at the charts whenever there's a red sea going on.
I just focus on other stuff.
Sure, the red days are buy days, but if you're not looking to buy, staring at the prices going down just makes you depressed.
It's not worth it, crypto is still young and all prices will go up eventually.
Yes, I agree 100%. Do stuff to occupy the mind when you are not looking to buy is good advice. I'm not buying atm, even at these prices, it needs to go much lower (and if not that's ok to). Having some money on the sidelines gives me options and time.
Nice that you go to fiat... I did not yet.. but maybe this is a good lesson for another time..
I went to fiat because I felt I was overextended in crypto after the rise.
Good decision..
i already diversified the portfolio and now i am not panicking too much this is a correction which has to come at some point its here finally but too much down for now hope it will be back up soon
This is exactly what I needed to hear today. Your vlogs make a lot of sense and actually you're totally right. You've just got to keep the faith. Also, yes! We actually get to earn crypto doing something we love. Thanks for this. Keep your vlogs coming!
Thank you!
@exyle friend as you do the conversion of crypts (BTC, ETH and SBD) in fiat. I would like to know a little bit about that way of changing them ... because when at some point I want to start generating a little income in the community I would like to keep that money very well saved in Fiat .... otherwise there will be some possibility that the videos you have on youtube may have some translation in Spanish .. ?? at least in letters of what fences commenting appears in Spanish below written .. !! hehehe and thank you very much for the help ..!
I only know it for the Dutch market. I use a company called bitonic to get in and out of crypto fast for a fee.
Yup, not a good morning for crypto investors but let's hope for the best! I guess the Chinese government has again called to regulate the market and that's the reason for this. Read somewhere on Steemit!
Great day to have liquid cash! There are all sort of unbalanced prices drops when trading in BTC pairs today.
@exyle I was wondering a couple days ago you posted some stats about the increased powering up. Those charts said they only included accounts actively powering down. Is there a way to see how much total Steem is tied up in SteemPower?
Out of 262 million STEEM, 197.5 Million is in SP at the moment.
First off thanks for your time! Love that you are one of the people who reply to comments and pass along useful information.
So that is pretty much like the other numbers from your previous post. Thought there was a note on the image saying it only included accounts in powerdown. Maybe I misread it.
Since you seem to be able to wrap your head around this and convey it the best of anyone I follow, with the SMT's is there an idea of how much steem a person will need to launch? Trying to figure out the Supply Demand issues that will apply with what could either be a game changer or a nonevent based on how much Steem is needed to move forward with an SMT.
Shopping time 😍
Yes - the pain is more when the value gets higher. I try to think of it as monopoly money. The key is to not care if it goes to zero.
Mark, Yesterday we had Blue Monday; today we have Red Tuesday. Should we ask @kalemandra to change the ColorChallenge 😉
lol!
Well only way to survive during crypto crash is to have a positive attitude.
But also patient is needed..
My brother is really positive, but too impulsive..
I'm little bit less positive(but still positive) and absolutely patient..
And most of all, i strongly believe in blockchain future! :)
That's my secret to remain calm.. :D
patient is important indeed.
This was actually good time to buy altcoins. I bought some AST, WAX and PIVX. I am eating breakfast because once my wife looks out bank Account she will put a cryptoban on me the way China did on centralized exchanges.
If you are trading cryptos, than today is a bad day as you will be losing money. If you are investing it does not matter (or is even positive if you continue to invest more) because all that counts is the price in some distant future but not the price today. I myself have also found no reason why the market is tanking, but hearing that people have borrowed money to invest this is no wonder. It has happened before.
@exyle Always giving you the TRUTH in up or down markets. The best people to listen to on Crypto are the ones that have been around for years, not the ones that have just gotten involved and think they know it all............................
Hello Dear @exyle I really liked your posts I'm watched your videos YouTube very information videos
Glad to see BTC falling. True, altcoins are taking a dip but they will rebound. BTC is long dead and this shows.
Reading your post only is enough for me to learn every day... Thanks sir @exyle
This is the time to buy more. Buy crypto when its on sale, is what i always say.
Hello friend see this post and make a post for the steemians with doubts please :
https://steemit.com/steem/@berniesanders/you-are-all-a-bunch-of-fucking-cowards
Oh yes, today is a red day on the stock exchanges and as you correctly noticed, my friend, all the coins went down. I think that the reason for everything is a decrease in the Bitcoin rate due to negative news from China and Bitcoin generally tugged everyone down. Of course, I also believe that it will not be long and all will revive, because this is not the first time. Thank you Mark.
@exyle your business sense is genius. You indirectly gave me a clue as to what to do next. Thank you.
Nice Bro
it's those darn Koreans and their unfounded embargo rumors XD
Cryptos are meant to move in a wave, good news gives higher valuation and vice versa, good to buy the dips I guess
I heard the reason for the correction is because the Asian markets are going into holidays. Apparently it dips this time of year in the past too. Do you know anything about that?
I always wait for your post every time this time because your post looks very good to me. I see your post really good. I really like your post.
You are waiting for every post wow thats so good
@exyle
actually makes good messages
Exactly that why i love the content of @exyle post
i always saw your dtube video
A new day, a new life :)
The rate will soon grow
Why are so confident that it will grow soon?
Believe, it will be so
I don't mean to be rude or something like that, but your comment and the response to my question, makes me to believe that you don't understand a financial market and investment business at all.
your all post is great post sir always i am wait for your post sir i always your post saw and see sir because your post is great post sir
If there is a medal for dumbest spam comment ever written you sir just won it...
sir , it is said that you can speak about how to respect someone it s not spam
It is a SPAM and I warned you before.
@sift666 your comment is upvoted.
@enews202 will get a flag next time.
sorry ......sir ,please tell me a little bit spamming here
yes sir it is said....
thanks dear
You know "dear" isn't usually used in that context in English?
In letters it's used as in "Dear Enews" but in speech it would be more as in "yes dear" to a little girl asking if she can have an apple.
ha ha ha friend i connect you if you agree
The green will come back soon enough. In the meantime, it's discount season for all the coins, happy shopping everybody :)
Can you explain why are you so confident in that?
Saying
can inspire someone, who lack investment skills to follow you and buy it now, and loose money in equal probability than earn it.
When you make your statement, at least include a little argument or expertise in it.
Everybody is responsible for their own money and their own actions. If I want to explain something in detail I write a post about. Peace.
awesome, i love your post... its incredible...
Now we have to understand crypto market is like a pendulum .how much it goes up it will be right back to its previous place ,so no need to panic watch the video & enjoy.
For 3 reasons, it now buys me time (to ride out the storm) and gives me peace of mind because I can pay my bills. And if things go low enough I can buy back in.
Nice thought, the world of Cryptocurrencies is amazing and need wisdom to deal with