Now, watch out for rumours about bitcoin, sshhht, do not mention the war, eurm China

Wow, what a blast! Did you see go Bitcoin go through the roof again yesterday? Now all we have to do is to sit and wait for the next rumour bait with the name 'China' attached. Hey, did you ever notice that China is an anagram of Chain? There must be soms reason for that, right? Just kidding, it is how our minds work, it is triggered by association. And if you know how that works it can even be used to trigger fear, or worse: panic. Just mention the words 'China' and 'Bitcoin' combined with 'SegWit' and a panic sell might start. But it seems that a lot found trust again in Crypto's. Our beloved Steem is doing nicely at about 16 / 17 cents.

Undervalued? In my opinion it is, just like BiTCoin, that one should already have been way past 2500 dollar. And the closer we get to the 21 million limit, the steeper the rise should be. Some have been laughed at when they claim BTC would go to 40.000 a coin. But is it? Remember that the first pizza payed with BiTCoin went at 10.000 BTC! Now there is one Pizza seller that should have held onto his BiTCoin at that time. But we cannot be visionairies and bake pizza at the same time, I guess. Golos is doing well these days too, the Steem twin from our friends in the east. And there is much going on in the field of Steem developement. Hardfork 0.17 coming up soon. Will the price of Steem go beyond 20 cents? The inflation rate has been put on a drastic brake, so it should at some point have an effect on the market price of Steem.

Lots of excitement in the realm of Crypto's. More systems that want to do more with the blockchain technology. Competition for Steem also, but one advantage for Steem, it is the early adaptor that caught on. Hard to beat that. It is just like starting another Twitter, Facebook or Google. So, there is a big headstart for Steem, must be around 150 K accounts right now? And it is easier when you are the market leader to experiment with changes, even if this does not sound logical to you, just think about it. At a crucial point what counts is the total user base and the percentage of active users. And you and I are lucky to be here at where the head start is. Get ready for the fun that change brings!

And be aware of rumours that is used by speculators that own so called 'influential' social media platforms. If you get the leverage trick and you can influence the market spreading rumours to create panic sells, you can make huge profits off of it. So, hold on to your 'coins' when some site spreads a sensational headline about the Chinese government inspecting exchanges. Or something like that. It will safe you a lot on the long run.

But as usual do not take my word for it, because I use my crystal ball, tea leaves and where are those three pigs I asked for? I still need those truffels. Or, only put in what you are willing and able to lose. (Now, Zcash, you are costing me, how about some rise aye...?)

Have a good one!

image 'market' cc-by-sa @oaldamster