THAT AWKWARD MOMENT #52- "STEEM/SBD DOWN THE TRENCH
This is the 52nd Episode in this series after a long pause of almost two months, despite the crazy bear market, it is amazing how far the series had come with the help of wonderful Steemians reading them at one point or another.
With the price breaking so many hearts, this is just the opposite of what happened last year on the Steem Blockchain. Many "Christmas celebration was made whiter" although it always comes with all joy, fun, and happiness; but for some, this year's Christmas is an exception as cryptocurrency market DIP will cause a whole lot of frencies.
The is my second Yuletide season actively on the Blockchain and i have seen a lot of magical things happening in the hyper-volatile World of Digital Assets!
The Fun of the Cryptocurrencies are their unpredictable nature, their prices(That is if you are an investor) makes you sad today and gives you extreme joy tomorrow. So if you have some thousands of Grands locked away in Digital assets it is no crime to stay up at nights watching the Zig-Zag movement in Graphs of their prices and trade volumes. Arguably no experienced Crypto traders will be subject to such headache, but i am not an Expert and this is one of my headache!
"STEEM/SBD DOWN THE TRENCH"
With the price of Steem breaking so many hearts, this Ian just the exact opposite of what's happened last year on the Steem Blockchain. Christmas was mad early whiter when the price of SBD shot through the roof. Even though Christmas always comes with all the Joy, fun and happiness, last year's was a great one.
This is my second Yuletide season on the Steem Blockchain and I have seen a lot of magical things happening in the hyper-volatile world of digital assets!
However, there is so much fun and heartbreak in Cryptocurrency trading because of its unpredictable nature, you can't be broke own and then become rich in the next couple of weeks, it could make you extremely sad today and might turn your sadness into joy the next day.
So if you happen to have some thousands of fiat laying unused in some banks or safe, this is the time to buy your self more tokens/digital assers and keep them safe for the boom time!
The boom time?
Yes the period where all prices make you want to fly out naked out Ogba bed, but right now, there is much pain staying up at nights watching the zigzagging movement of trading graphs, showing the price of tokens and volume being traded. Both experienced and novice crypto traders often do this during this period, watching your portfolio go down and down non-stop.
Last year by this time, the mystery was a joyful one, seeing your investments triple or more is one of the things that could happen to anyone. Basically, what keeps your mind at any investment is the guarantee of interest, therefore many like me have stayed up at night in the last couple of months to watch the despair going on in trading, Bitcoin kept going back Amen forth under the $3500 mark and this is what is dragging the price of all other tokens.
But Steem and Steem Back Dollar seem to be among the tokens taking the hard punches, you can't help but wonder if Steem actually will survive these Wilde Bear seasons.
About 12 months ago, SBD had started to rise in price from $2 upward, fast forward till date, the best price was 85cents in weeks, without any hopeful of Bullish rise in price till further notice.
To all curious minds, this is the time of panic and Seinfeld off your Steem and some other tokens, but this is not a smart thing to do, it's actually a great opportunity for somebody who has been waiting so long for this DIP moments.
Now to those Steemians who had lost faith in Steem and Steemit way before now and had bailed out, this is your "I told you so" moment. It is not much of a surprise seeing the number of active users reduced to just a few thousands from over a million registered users.
Should I panic too? You can panic but do not panic and sell all yours tokens, it is the best time to acquire more, hopefully the story changes.
Maybe it's the Wolves of Wall Street causing this unending price drop, or maybe it's the Bitcoin Whales just playing puzzles with their huge deposits of Bitcoins, i do not know. We all have experienced price surge from the shadows at one point or the other, hopefully this is not us seeing it all go down into flames!
I am hodling!!!!!
Posted using Partiko iOS
Hahahaha, smart and pretty 😁
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Hello @oluwoleolaide, thank you for sharing this creative work! We just stopped by to say that you've been upvoted by the @creativecrypto magazine. The Creative Crypto is all about art on the blockchain and learning from creatives like you. Looking forward to crossing paths again soon. Steem on!