The downtrend/bear market has been going on for about 5 months now.
It's not fun.
Especially if you are bag holding tokens that don't do anything.
Coins like Bitcoin, ETH and Litecoin.
To see your portfolio go down for the last 5 months is not fun and it's even worse if you can't do anything with those coins.
It's one of the reasons I like STEEM so much.
Even though STEEM has gone down more than most coins you can still use your stake to earn more STEEM everyday.
And when the sentiment changes you will have more tokens that can now go up.
Another thing to look at in a downtrend is to look at development of a blockchain.
Is there still development when times are bad?
As far as I can tell with Steem, development has not stopped at all.
Steem inc is still working hard and releasing more constant updates you can read about on their steemitblog and 3rd party developers update and create new tools, apps and frontends almost every day.
All you have to do is wait (again).
I talk about it more in my vlog.
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I am with you 100%.
Pricing action is not reflective of what is taking place. Development is where it is at.
First, we have the steemit team focusing upon the scaling of the blockchain which is vital. Secondly, individuals are creating applications that are going to draw more people to STEEM. Finally, the things people are doing across the industry are moving everything forward.
From a media perspective, a lot of FUD. From a development standpoint, it is a raging bull.
hey friend you know that I have already bought steem and bought again steem and then what do I do now? I buy steem lol ... I'm quiet everything flows!
I agree.. Having fun in even the downtrend is very important to handle the pressure and keep our-self psychologically fit ! Sometimes Wealth is not being offered to us because we may not be ready for it. If we actually practice the feeling of wealth everyday, you may be there sooner than you think ...Everyone could be wealthy by just starting to feel like having it.
Yup its all we take as a fun thing.we should not create a big hype and every work or bussiness has an up and down so not a big deal.its grea @exyle
Very true. We become what we think about most. Appreciate your comment @hms818
-Ken
This makes me seriously think whether I should stop looking for great coins at discounted price and instead put my cash into Steem. I’m still waiting for this $1.00 threshold. I might have anough cash to buy Steem to make a nice bump in my upvotes worthiness for steemiens I have been following. So far I have been on steemit for only 6 months and whatever is in my Steem wallet I made by commenting and occasionally posting. I didn’t buy anything at all, all made organically. At $1.00 it’s diferent game, it’s a great opportunity and even better investment. Let’s hope we get there and once I make a purchase it will go up from there 😆.
Not fun to see the prices plunge but patience is the name of the game :)
My poor LTC. It was so healthy looking till the scalping!
Yeah its true here on Steem you can still make more coins and ROI even with the markets down. It all has to go up again eventually. Things seem to be moving nicely here. I have introduced two other creators I know from Youtube to come here and one of them @heyjoburg tried it a while back when DTube was new and very buggy. He has tried again seems to have had a good week back.
This is the reason, why I moved most of my stake to EOS and Steem earlier this year. EOS because it has the brightest future of all coins and Steem, because you can do something with it. Let's swim in the sea of blood! 😀
It's a strange time be on Steemit that's for sure @exyle. People seem to be leaving in their droves so I am getting fewer votes on my posts although I'm keeping at it. Engagement is down too and many of the people I relied upon are no longer participating.
On the plus side the spam is a lot less and there is more time to find new people. Swings and roundabouts I suppose. My steem power is growing and that's the most important metric for me at the moment.
Strange times at the world cup too by the sounds of it. I never thought I hear someone say Brazil need to win in order to get through to the second round.
Have a fun evening! 😊
What a great message @exyle I 100% agree! I've been having a great time. I release my 50th day straight episode, tomorrow, and I have been having a blast this entire time. I was interviewed by @clixmoney today and that will also air tomorrow (I suppose that is actually tonight for you) and have been enjoying every day of this bear market! "...because, if your not having fun, what else is there?" - Les Brown
Good morning! I wonder how often markets actually crash and burn? Even with the dot com bubble some burned some are still thriving. It just doesn't seem like it would happen because the world is so in need of the blockchain tech even though there's so much FUD out there. Steem is still chugging along & bloging is fun! Still sitting here trying to find good tutorials on how to buy SBD & Steem. Seems like a niche for a blog topic. I will likely be in touch by discord soon! Hoping it's good news for Trevor!
Too true, I feel like development has been more active now than it was even five months ago when I started on Steemit. With things like Steemhunt, Tasteem, SteemMonsters, Musing all coming out recently there has been a huge influx of apps and users on the system. It is pretty exciting! It's another reason why I am so excited about projects like EOS. The potential is so vast!
Go Brazil @exyle for @bkdbkd to have a Wonderful Evening with all her friends and Mark having some of his favorite Adult Beverages.....................
Thanks!
After Portugal, Brasil is the team I root for... Tonight I'm only afraid of Kolarov free kicks, because if they score early it will be almost impossible for Brasil to win.
Although the payouts are smaller than what we were used to, the more we blog and post, the better, because the prices will rise, sooner or later, and the profits will be there to be taken.
I think the $6K BTC price is supper stable and it has shown that it won´t go lower, I think this is just a normal market preparing for the next bull run.
Nicely written, direct and to the point. I would advice anyone on Steemit not to lose faith in Steemit. I did that some time ago and I lost money and reputation. When you see Steemit go down, write even more and be more active, more than ever. Some may stop when it's down but that's when they lose.
The ability to earn more passive steem with your steempower makes steem a very lucrative and viable crypto coin to invest in. The doentrend in the market has even created more opportunity to earn more steem and at the same time make more passive income. Steem is the best crypto currency to invest into @exyle
The amount of any cryptocurrency you own in a downtrend/ uptrend will be the same no matter what the corresponding Fiat currency says it is worth.
Dtube and Dlive are the most used dApps in the blockchain space, Ethereum dApps have nowhere near the daily users!! Imho, Steemit is the most undervalued project.
Whatever work he will make is his development
Just yesterday i was thinking about bringing my btc investment to steem.
that's why I think people must engage with steemit everyday to earn more steempower to hold more stake in the platform really, that's the best thing about steem @exyle
That's the market! You can't really predict what happens. That's why I never hold any coins for longer than a week. Better to trade them all time and hold only what u have extra.
I am sure that something positive will happen before the end of this year. It is frustrating, but there is no other choice that wait wait wait...
All thanks to the concept of steemit and the steem blockchain, but I'm seriously waiting for the real fun, the market can't continue to go down like this, if it does many will exhaust their enthusiasm and that's bad for a nascent industry such as crypto
I am 100 % agree with you and I am waiting for that movement.
By the way 'No risk no Gain'. I think BTC is checking our patience What's your opinion Sir.
I will be grateful to you if you read my post- Is BTC a Blind Game click here
and give me ur suggestions I am waiting for your response. It will helpful for me to grow my Network.
Thank you :)
So true!
Steem makes it easy to earn in the downtrends.
Post more :)
Having fun and grow your account is the most important on those hard moments.
great post
nice to me you
There seems to be a lot of development lately and It is pretty exciting and have got vast potential.
If anyone is thinking of quiting Steemit you can delegate your Steem power to me
that's why steem blockchain is an all rounder bad and good time comes but steem lives forever :)
Hi exyle. you are totally right. Steem is exciting as you can add to it on a daily basis. Patience whilst building your account is key.
There has been a lot of fearmongering against Bitcoin and the cryptocurrencies by the Reserve Bank of Australia.
I can only conclude that the World Bank has some hidden agenda
on cryptocurrencies.