Rising crypto waters aren't floating the Steem boat!
As Bitcoin's price left 9k yesterday, we wondered if it was headed to 10k next, and we already have the answer:
10500 at time of writing, which means the correction is over and we're making fresh highs.
There should be at last a couple more corrections before we breach 20k, and one of them is bound to be a big one (25% pullback and at least 3 weeks to recover).
But for the moment, it's off to the Bitcoin races!
Crypto market booms, but Steem busts...
Meanwhile, STEEM has sunk from the top 10 when I started here 2 years ago, to #70 today. :(
It has never been a better time to convert other cryptocurrencies into STEEM. Whether that means now is a good time to do so, remains to be seen. It could always get even worse.
Perhaps we should convert all our STEEM into BTC?
I'm already down over 95%, so I will always curse the day I bought STEEM with Bitcoin, but at least it was a learning experience. I've always been right about Bitcoin's price moves - literally. It sucks that I was wrong about STEEM. I believed that a rising crypto market would float the STEEM boat, but it's actually still headed the other direction.
Good luck to us all. Congratulations to the Bitcoin holders!
DRutter
More and more it appears that Steem is a failed experiment. It seemed like it was going to be one of the cryptos that made it, since it has such a great payment system and community, whereas many others are just empty websites with absolutely nothing else going on.
Steem is down to #71, and falling. Very sad to see.
Rumours say that whales are pulling funds from the site behind the scenes. A lot of the main supporters and developers are giving up, apparently. That's sad to hear, and means we might be about to lose ANOTHER 95% of our Steem value. Who will be left holding the bag (of flaming dog poop)?
We dunno what you guys are talking about! We're rolling in the money here on Steem!
We make at least $0.03 per day, merely for commenting and upvoting. If you add that up, all we have to do to earn $20 is chain ourselves to this website daily for less than 2 years! Not bad.
Plus, compound growth is powerful. It may only take us 1.5 years to make $20!