I can't speak as a financial adviser but a friend. What is the intrinsic value of a tulip bulb? It is really in the eye of the beholder.
Those who won off the crypto bought part and sold part.
It wasn't all or none.
Prudence comes when we realize that we really do not know anything.
There is no way that we can go back in time.
There is no way we can see the future.
It is what we make it. Some had no fall back plan. They are working hard to make something out of the crypto that they invested in. Some gave up and do nothing.
If you sell all your coins now in FUD you may be right. Bitcoin may be worth nothing in the future and the other coins may follow.
And what if you were wrong?
I can see your dilema.
Pay careful attention to peaks and lows and patterns if you sell.
As for me I'm glad I didn't invest much and I'm glad I'm not rich.
I always hoped you would be rich.
Blessings to you brother.
I definitely wouldn't call it tulip mania but I understand what you are saying and I appreciate the sentiment. Overall I am still up if I include all the cryptos I have bought since I started investing in cryptos a year ago, I am just down a bit on this last batch I bought. I just don't know If walking away just above even is the right thing to do or to actually just ride out my decision. I don't really care about being rich, I just truly believe in cryptos, I believe that like the internet they will change the world as we know it. Honestly, it's not about the FUD at all, its because of all this bad luck I have been having and being on the road for so long living in hotels so I have spent a lot of money in the last 4 months. I can't decide if I want to ride it out longer or just call all of it a learning experience and walk away with a small profit (about the same as I would've made in the real stock market). I still have a few options, I just am trying to decide whats best for us right now. I wouldn't mind waiting but if its going all the way down to $3k then I would love to pull out now and get back in closer to 3k. Either way I am not upset about my crypto adventure, I am a believer and will still be holding my all of my steem and a few other coins I just can't let go of so I will be alright, especially when steem eventually makes it to $100USD LoL ;)
Thanks for the comment, take care my friend.
If you are gonna have your money in anything right now looking for a bullish move....Binance token is the only place to be.
Sorry i havent commented lately, i just moved into my new house and i dont have internet yet and im in the country so i barely get cell service.. ill be back around in a few days.. thanks for keepin me up dated on shit..
You never fail to make me smile.
We will see this dream come true!!
Steem is different. It isdesigned towards monetizing content. It won't reach $100, but it shouldn't ever drop below $0.90, either.
I think you are getting steem and sbds mixed up.. steem is the platform on which steemit rides on, sbd is the reward token in the steemit network.. Steem definitely could go to $100 in the future when more dapps are on the steem network. As more Dapps enter on the network there will be less and less steem available for use making it worth more money because of the supply and demand aspect of it. SBD is for monetizing the content, it is supposed to be pegged at $1 USD to help keep rewards where they are suppose to be, unfortunately it has got a bit out of control when the bulls were in town because the supply is small enough for people to manipulate and thats why it got up to $15 at one point.
If you are confused about how all this works you can read the steem (not steemit) white paper and it explains all of this. When new companies (mostly smart media tokens) like Appics start building their Dapps on the steem blockchain the price of steem will definitely rise just like etherium did when they started hosting other cryptos on their block chain. Thats why I refuse to spend any of my steem for now.. I know one day it will be worth a shit on more than a $1.60 each.. it could most definitely see $100 in the years to come my friend. It doesn't matter if steemit makes it or not.. steemit is just the test net for the entire network.. ;)
The way the steem blockchain economy works is designed to ground prices. SBD is directly connected to STEEM. This is a very positive and unique outcome.
I can see the possibility of STEEM going to the moon, but it is very unlikely. Many dapps would have to join at the exact same time to make this happen, as the price would drop over time until the next app arrived.