The Correction Is Happening
Steem is up about 33% since the lower levels of the week (with a 7% increase in the last 24 hours) and many other cryptocurrencies are in the same boat:
More importantly, the 7-day chart of bitcoin is sharing a very similar shape (that middle dip looks like it COULD be the very bottom) to many of the top-100 market cap coins:
It appears that that potential final bottom in the middle of the graph was the low point in the downward trend that scared many people. Now that Government Regulation Talks have yielded no reason to panic for the Blockchain Movement, I believe we're headed back into a fast acceleration, so don't be surprised if many of your favorite coins double in value over the next 2 weeks! I will be accumulating as much Steem Power as I can as we move toward the $10 range again and I also will be grabbing some Litecoin and Ethereum, as well as a small amount of Bitcoin to diversify! I believe those coins are headed back up (likely Ripple as well) with a near certainty. I'm excited for the next couple of weeks, because everyone is going to be in a brighter mood as long as this gradual move back into regular green continues! :)
amen!!!! thank you for this info!!!! keep it coming
thanks for shairing this post. great news...... I will suggest this to my friend and I will myself also do this. I thank you @biddle for writing this article
back to normal, hopefully steem can make it past 10 or close again
Agreed, hopefully it will get there soon! I have no doubt it will eventually (SMTs and mass adoption)! :)
Thanks for sharing information keep it up
You always share latest information about crypto
Huge thanks for it
I wish you all the best stay happy
That's a great news to hear many people started panic selling but I had not and really now I'm feeling that I made the right decision..... Thanks for sharing this good news @biddle
This is an important piece of information
Similar observation I had too about this Steem it and Bitcoin @biddle
Nice, everything seems to be stabilizing, glad I didn't sell of my SBDs, I just put them in the steemit market
I knew it will rise again. STEEM to the moon. The government bans will only stutter its increase, Cryptos will surely rise again
I looked coinmarketcap. I've seen most cryptocurrencies little bit gaining. Steem and SBD price gain long time we're waiting to see. Now steem worth over $4 level.I think within 2 days it will increase over $5. Thanks for the analyzed @biddle.
so glad it's coming up again, bitcoin affect every other crypto at this stage