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RE: Is This Downturn the Beginning of the End for Bitcoin?

in #steemit6 years ago

I want to believe that, but I've been here as long as you, yet I'm now down to an average of 3 SBD per post. That's mostly due to whales delegating or switching to automated vote selling for passive income, but it would not be such a big problem if not for this brutal downturn.

I don't know if you knew this but I may not be able to stay in this house much longer, if SBD does not recover soon. I'm not alone either, though for the most part the people depending entirely on Steemit for their living are in developing countries. It's surely worse for them, but at the same time cost of living, food, etc. is much less, which counterbalances the equation somewhat.

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Sorry to hear that, man. But if I can be honest here, I feel it was a mistake to rely of "Steem" as a means of income supporting your daily lifestyle and expenses. The extreme volatility alone prevents us from that, especially in regards to the highs from which we are falling from. So for now, a sustainable way of supporting oneself via crypto remains nothing more than a pipe dream. I, for one, am hoping that will change one day.

I do hope you have some form of secondary income to get you out of your fix, but crypto in general is in a defined bear market, so until prices decide to recover, the direction is well and truly down.

I don't have any other options. I'm autistic and get fired from every conventional job I am hired for within a week or two. They never tell me why, but I can guess.

Again, I'm sorry things are difficult for you. But I'm sure the answer to those questions don't lie within the pages of Steemit. Just wish you didn't have to power down. Easier said than done, I know, but the "decent" stake you possess now may end up being your saviour. However, it's a waiting game and a long one.