Tough days on the Blockchain. --- Stick at it still.
I get it, it's all in the red, and we are here again. Bad times, dark days, crypto gloom, call it whatever you like, but i'd say this is normal, judging from the fact that every new year, the crypto sphere does a sorta retracement when the level of demand and supply tilts as traders take profits and whatnots.
Cryptocurrency has come a long way, during its first year of existence, bitcoin was literally worth zero. And to boot, a dude gave away a whooping 10,000 BTC for 2 packs of pizza in Jacksonville, Florida. That bastard! ;D lol...
The general trend was very parallel to the floor ever since until early 2014 when it had a bit of a spike. Well, things have been steady and pretty much bullish ever since, until recently when bitcoin went gaga and skyrocketed through the charts late 2017 to early January this year, hitting a record high of about $19,498 within a few weeks. -Just a few dollars shy of $20,000-. Yikes!
From the little i know about cryptocurrency and stocks, It's only normal for a retracement to occur immediately after such a bull run, i mean would you look at that!
BTC is a bully!
BTC being the foremost created and most widely accepted crypto, a lot of investors see it as a store of value rather than a means for micro payments (which of course, its transaction fee has defeated the very reason it was created.) and its rise and drop tends to affect the well-being of well-meaning crypto projects, Including the steem ecosystem.
Recently, it's gotten worse, with so much dumb money floating around, which day-traders, people who have no interest in the case use of a token, uses to pump and dump altcoins by day traders
So here we are, again, in for the rough ride, together. Vote weights don't give the same digits they used to, and i feel someone in the last row is about to complain. Well, don't, It's not gonna be long now.
What to do?
Stick at it. You might wanna fasten your seat belt for the next wave up, with Steem's SMT and a lot of other blockchain technologies just revving to kickoff, you may well be on your way to Forbes! or maybe not.
Whatever the case is with ya, goddamn HODL!, yeah?
@pangoli
Me have gone to the moon to wait for them to come
My own hodling is bahd
lol. carry us along o
yeah me too )
This comment has received a 0.30 % upvote from @booster thanks to: @jassi.
lol
Crypto as well as every other currency in the world has bad bays. This could be as a result of market forces or artificial manipulation.
Which ever way, we know that the recent nose dive in the value of bitcoin is for a while. Just like the sky rocket in value happened towards the end of 2017, this is an inverse reaction.
We hope to see better days soon.
Better days ahead buddy
I know the recent nose dive in the value of bitcoin will not last for long but for a while. Its a call for us to invest wisely and wait for the better days ahead
We no other choice than to hodl
Yesss! That is the only way to go! No panic, just chill and hod it!!!. I always tell everyone who is worried to calm down, and that it is perfectly normal. It will rise again. Patience is a virtue.
Quieters never win and winners never quit. Am still staying put @onequality
This is really true, btc will decline to about $1000 according to the analysis pool , its affecting other coins too because many people see btc as the father of all coins and therefore places the value of other coins by btc.
It wont get that low