#159 - Steem, Bitcoin & Ethereum Are Falling Off A Cliff!
Well I went out panning over the weekend only to come back to civilization and find that Crypto's are still taking it on the cheek!
Can anyone fill me in on why Crypto's are dive bombing?
Well I went out panning over the weekend only to come back to civilization and find that Crypto's are still taking it on the cheek!
Can anyone fill me in on why Crypto's are dive bombing?
The important thing is the blockchain technology and what the crypto companies are trying to do is unchanged. Just hold on a bit and prices will go up!
Yes I think we will see some movement to the upside soon.
We are all doomed :(
Yes none of us are going to make it out of this world alive! Lol
But in all seriousness things are looking pretty bad right now. Maybe this fall things will get better?
Crocodile Teeth, just ask Clif High
Yes I have heard it called that before but they are in a slump there is no doubt about it.
Well, in my opinion: Cryptos have been overbought, the price has increased way too fast to have any stability.
Bitcoin (and ESPCIALLY Litecoin) is actually holding onto its value better than many coins which may mean many people are selling their alt coins for Bitcoin/Litecoin. If you are holding bitcoin by August 1st when the fork happens, you will have your original Bitcoin plus the forked bitcoin. So, perhaps Bitcoin is correcting in price while people are also selling their alt coins to get into Bitcoin.
The total market cap is less than 10 billion dollars away from HALF of the previous high of $115 billion. ($57.5 billion is half) I believe we are near the bottom if not at bottom already. HOLD STRONG! (HODL)
Take a look at Litecoin though, it has been holding its market cap better than majority of coins. Perhaps people are selling their Bitcoin for Litecoin which has already been forked to adapt Segwit. Just a bit speculation...
Thanks for the update. Well I hope Steem turns around soon! Followed.
I sure have noticed the value of my Steemit account falling like a rock... That's how I keep track... I don't need any charts, just the value of my account that lets me know what's going on... In fact, I just noticed that my vote is down to one cent now... At one point, it was up to 4 cents... wow...
@pocketechange
Yes it is dropping fast. It is lower now than when we started. I am sure it will bounce back up just not sure when. How's things going?
Things are good with me... A tenant moved out of one of my rental houses and left me with a bunch of weeds and some dead bushes from not giving them the proper amount of water... Their dog dug up a water line, so instead of fixing it, they just turned it off completely... It's so hot that I can only work out in the garden between 5 and 7 in the mornings... I could hire someone to do the work, but they'd never do the job I'm doing... They'd make it look good, but the weeds would just grow back... I dig them all up by the roots, water, let the seeds grow and dig them up again and again... The tenants let the weeds go to seed... That's always a big problem...
@pocketechange
Yes it's hard to find a someone that would care as much about your property as you yourself care about your own!
When they moved it, I can still remember how much they said they loved the Garden... lol... Yeah, they really loved it alright...
@pocketechange
Sorry to hear that bud. Maybe the next renters will be better.
The Garden is getting better by the day... I just wish I could spend more time working on it... I can only work out there between 5 am and 7 am... It's 90 degrees when I start, so I don't last too long... I'm at a snails pace... lol...
Yes that temp is not fun to work in at all!