BREAKING: Bitcoin Hits $6000+, STEEM Ripe for Buying
Hi everyone! This market update article will cover Bitcoin's recent break of the $6000 price mark, and STEEM's current price status. Let's hop in!
Bitcoin Just Broke $6000
In the past day, BTC rose by over 5% (~$400) breaking through the $6000 barrier and ushering in another proud moment for all investors.
Bitcoin is currently trading at about $6100 right now. We recommend that you do not sell Bitcoin, and instead if BTC dips, simply buy more!
BTC is up 50% in just one month, and with $3k, $4k, $5k, and $6k broken in just a matter of months, it looks like $10k might not be too far away.
STEEM Ripe for Buying
Whenever Bitcoin takes a huge turn in either direction, altcoin prices are also affected. Currently, STEEM is trading at about $0.99 (less than a dollar), which makes it perfect for buying!
A nice profitable trade right now would be buying STEEM using Bitcoin, since the current STEEM/BTC price took quite a hit. Buying STEEM when it's below a dollar has always been a good idea, as STEEM always bounces back up quickly.
One Small Step for Bitcoin
BTC is rising incredibly every month; we're currently up about 1000% in a year!
Soon, Bitcoin will likely become a normal and standard part of an investor's portfolio.
It seems like the moon is getting closer and closer every day.
Thanks for reading,
— @mooncryption
image sources: 1, 2, 3 - Brainless Tales
I think we're going to see a steep correction in bitcoin prices soon, we just hit the big $6k round number, and historically, prices have declined quickly after the first touch of a major milestone.
Buying Steem under a $1 has been a good play in the past! If bitcoin corrects over the next few days, we might see Steem back up to a $1.50.
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I've been hodling my bitcoin for a while, and I probably will continue to do so until after SegWit2X (if it happens). But as soon as all of that passes, I do intend to buy at least $5 per week in STEEM.
Do you guys consider this as too much hype?
In my opinion, Bitcoin is not over-hyped because it has performed realistically and well. These are real numbers showing Bitcoin's success; there's no opinion or argument with price charts like these.
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