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RE: Bitcoin Genesis Block Was Mined 3th Jan 2009. Happy Birthday!

in #bitcoin6 years ago

A word of advice when dealing with alts. I just purchased some STEEM despite it being at an "all time high" because I look at a different metric when buying cryptos and that's the ratio relative to BTC. So despite STEEM being at $8 at the time of this post if you take a look at the price in BTC it's only a tiny bump compared to previous highs of 650k satoshi. If you look at it through this lens it shows that STEEM has a long way to go before catching up to where it was back in 2016. In this market full of uncertainty and people making cryptos worth less than my macaroni art from the 4th grade, having a crypto that has a community behind it full of people interacting and utilizing it makes STEEM a very safe bet. So basically make sure when you trade alts you measure in terms of BTC because if you can just hodl BTC in the first place then measuring in fiat is counter-productive to making the most gains possible!

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