RE: Relax - Combining the Bear Market with the Bitcoin Wedge
But OF COURSE ;)
You can watch that with lots of small coins, especially when there's a general downward trend.
All of a sudden, some minor coin shoots up !
if you're at the exchange at the time when this starts, why not ride it for an hour or so, always prepared to run towards the exit.
Nothing much is normal these days.
Look at the bullshit they write about TA here every single day, and how ridiculous coins are being pushed when what people should really do is BUY BITCOIN, to make everything rise up again
Instead, they love to hear divide-and-rule fairy tales.
"If Blahcoin breaks this resistance line, it's to the Moon!" The market has disabled itself for awhile.
I listened to a lot of people these last thee days, and my guess is that whatever they tell you, most will have lost about a third or half their funds because they didn't know what to expect, and now they're too wary to risk anything. Now, they expect drops and dips on every corner, they haven't yet realized that it's stabilizing itself again EVERY TIME if you wait... they're watching it now and need time ti learn. You can look at whatever coin, their progress is looking more and more like a straight line with nobody buying or selling but bots.
THAT is why the market is stalling, some eternal FUD will keep it low till the dopamine level in the average brain rises again. It takes awhile...
Meanwhile, they disabled me from "posting" here more than once a day. Answering, commenting is a "post"... I'm naturally chatty, and I "posted" 493 times since October, guess an algo will keep me from reaching 500.
This network is a joke
You see it pretty clearly.
This network is a great idea in essence: rewarding activity monetarily. But it needs a rewards system that encourages posting and commenting value. They've got hundreds of people who would happily moderate content, but instead they encourage bots and mindless upvoting, and nobody's getting booted for spam....I don't understand the philosophy at work here.
Perhaps it's a natural consequence of having money enter the equation.
Reddit is an example of a forum that works:
When you look at the flow of Reddit, their system naturally encourages the best contributions to flow upward. Perhaps, if they were to implement a rewards scenario for upvoting, it would degrade the system.
They have a nice system at minds.com, where you get 500 points just for being online there for one hour - you can use the accumulated points to reward people's work or advertise your own.
It's not ideal but, trying to be constructive - they have a small team and I guess steemit suffers from the same problem. Need upgrades but what to do first ?
The easiest solution would be to have a couple of iron-fisted moderators clean up the system, but that's unpopular these days and the way it is, they can always blame the partakers as opposed to the makers.
This way, people tend to upvote themselves alone. I'm having a debate with a BTS propagandist on a thread he upvotes himself - boom, $6.40
This guy takes advantage of the tether crisis (we need more FUD) - by telling people they should invest in bit$ at bitshares.org and ignores that to buy one bit$ derivative there, you will have to send $2.75, then says that "bit$ are backed by 1.75 that amount in bitshares!" and therefore "secure."
People are encouraged to pay for their own safety and be grateful for it, this shows off general steemit mentality rather well. This network is a marketing instrument and people are expected to put effort into it to redistribute the money they pay - what else has human economy ever been ?
I can only marvel at all the people who seem to be quite unable to even remotely understand this.
Thing is, you cannot trust human nature - herd animals always need a hierarchy when things get serious and aren't just about exchanging opinions.
And you can see how even opinions are being discouraged in the momentary global political climate, because they will eventually change the setup of the hierarchy... live and let live is no longer an option.