Hectic... Or Is This Good?

Although the current price is much more appealing than the wall of roughly $6000, we most actually are not out of troubled waters yet. After passing through $11,000 the price of bitcoin met great resistance has seemed to slow. Regardless, I’m still feeling very good about the price and I do believe that it is going to go up in the medium to long term. Basically by the end of the year I believe we’re going to be doing much better than we were at the end of this previous year. For the most part much of the negative news surrounding bitcoin and crypto currency has seemed to subside, for the time being. That does not mean that some sort of devastating news couldn’t come out of left field but much of the public’s concern was scaling issues which seem too slowly be getting resolved one way or another. There is no telling if bitcoin will be king forever or if this may be the year that we see another coin take the # 1 spot. Regardless, I believe Steem and SBD will have an amazing year.

Of Course We All Want The Price To Go Up

Much of the negative news from the last 24 to 48 hours comes from the U.S. gov’t arresting the owner of Bitfund, an exchange that almost nobody has ever even heard of. I’ve been around for a couple years and I have never heard of it personally. But its news like this that scares people and makes them sell to get their cash out before things can get worse. Many people get into crypto because they think that it is unregulated and that you won’t get arrested or held accountable for it what you do financially but this is not accurate. When people find out that people are getting arrested for crypto they are often than scared into selling. That’s good for the people that want to buy coins at lower prices but it’s not good for people that are holding the coins.
Regardless of what happens with the price of bitcoin this year I believe that SBD and Steem we’ll have a great year. I believe that there are still many people that are so new to the crypto space that have yet to hear about Steemit. Reddit is such an extremely popular platform and it just seems to make sense to me that when people find out about this platform they will be drawn to this platform four videos and conversations rather than the conventional platforms. As curators and creators why would you not want a platform like this? It just feels more right, doesn’t it? So, overall I’m feeling pretty good about the current state of crypto currency regardless of the volatility in the price of bitcoin on a day to day basis. I think that the markets will really turn up in the summer like they tend to do and boy oh boy will I be ready when it does.
Thank you for reading I hope you have a nice day!