There are many signs telling us the downtrend has finaly ended. Let’s see if that gets confirmed by higher highs and higher lows. I'm definitely bullish on steem, more now that I saw recently that steemit has almost a million accounts and is working perfectly. This a 2x gain from a few months backs that only had 300k accounts. I noticed recently many steemiens I follow are powering down and withdrawing Steem. I think it’s a mistake. Instead buying on the way down they sell. I’m a huge believer in Steemit platform. Let’s hope this nice bounce is permanent. And if not, that’s fine, we just have to be patient.
I've been powering down a bit, but not because I'm negative on STEEM, rather because I need to balance my portfolio a bit more - got a bit too much in both STEEM and BTS and, with the charts of those I'm buying looking very much the same, it's really a wash deal as I move out of one and into the other. Still fully invested though, just more diversified.
It makes sense in your case. Diversity is very, if not most important when it comes to investment. Afterall you deserve to take a bite of this amazing Steem pie 🥧. I’m not at that point just yet. This chart, if confirmed, is showing as great times ahead.
Diversification and best practice portfolio management is the name of the game.
And the chart keeps getting better!
Love this chart. 20MA is about to cross the 50MA. And I also love the way we are sitting above 200MA. It’s a beautiful set up. If that is not changed of trend that I don’t know what possibly could. And I agree with you and @rothberg, diversified portfolio is recipe for success.
Hello, @cryptographic; next to BTS and Steem, what other projects are you diversifying in if I may ask? Do you still believe in Sys and ADA?
I still believe in SYS and ADA. I've taken a full position in ADA, and started nibbling in SYS. I also like ARK and PIVX and am building positions in both - just starting with ARK and fairly well along with PIVX. Those are my big position plays for the moment and I'm keeping a small amount aside for more shorter term trading of more speculative assets from time to time.
Tnx man! I'll look further into ARK. Was also on my watchlist.