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RE: The Bitcoin Roller Coaster Can Be Brutal.

in #bitcoin7 years ago

Great post, thanks for sharing it. I think the price of many cryptocurrencies in general have a positive correlation with each other meaning that their prices tend to move in the same direction. Personally, I am trying to buy more Steem and power up as the price goes down. The benefit here is that with Steem you can earn a bit through either posting and curation even as the price goes down. It's somewhat similar to how stocks pay out dividends. It acts as a bit of a hedge against the price movement.

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