It has been quite some time that the market is unstable and falling and rising !For the past two days it sure made a mess and resulting a few people to panic !It sure is hard to go through the experience of watching the portfolio going down but ask yourself is it worth to sell it in loss at this point !
This market is volatile and at the end it sure is our responsibility to do our own research before getting into it !The market might be in this situation for some time but at the end it might get to its original stake and be where it was supposed to be !
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As for our Steem & SBD they got some touch from the market but did not fall that much drastically compared to other coins !While now STEEM is currently trading at USD 3.78 & SBD at USD 3.31
For new investors or who have come new to this world of crypto ,this ups & down have been seen in the past but as always it rose to its glory and got this much attention !some people say Instead of selling your coins with no value it is better to hold till it will rise !
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However it is not any financial advice ,you have your own intelligence,use it !
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It’s teally troubling to me after steem growing so much we are still directly effected by bitcoin price movements. Obviously we aren’t alone but Steemit has a actual utility unlike many other Cryptos. I thought by now we could stand stronger then diving 30% in a day or so just because bitcoin went down
Yeah that might be a fact but all the holders of Steem & SBD are not directly connected to Steemit or Steem Blockchain ,so it might be a fact that they are selling their coins in exchanges where they hold !It might be a reason or so !
Yes we are still growing ,in near future we will hold strong grounds !