crypto bear markets can go longer than a few months, it has done a year long bear market before. crypto markets will eventually be in the Trillions. hold on dont quit
It wont be a year bear market this time. There is so much more money and hype. When it happend it was because of Mt.Gox. Mark my words..in April we're at ATH.
As some major pundits in the crypto space have put it, Alt-coins, including Steem, are tied too closely to the performance Bitcoin. Steem needs to decouple this market dependency from Bitcoin. Once Smart media Tokens come into full effect and Steemit launches a full-blown marketing campaign, logic would seem to dictate that people will see an attractive opportunity and begin to drive greater demand in Steem. Perhaps this will provide the Steem price a greater amount of insulation during bear markets. I think that it would be a very healthy outcome when Steem can show sustained robust performance regardless of the demand for Bitcoin. And at some point most people will begin to realize that Bitcoin is more of a speculative vehicle and store of value and that Steem has the technology and transaction capacity that allows it to function as a real cryptocurrency.
As you said, people need to remain aware of what's going on. Good information, thanks for the post.
Thanks for input. Yeah, In a way thats true. But remember in the traditional markets whole sectors usually fall even if some industries do very well within that sector (IT, Pharma etc) The fall of some often drag others down with them.The important thing is more which individual company/coin wins long term. We'll see soon enough that for instance STEEM will gain more when markets go up, and fall less when markets go down.
Do keep in mind that since for example november 15th the total crypto market has doubled from 215 billion to now 445 billion, whereas STEEM has gone up more than 4 times. It's not that long ago STEEM was at $0,95...that's november. STEEM will absolutely explode in value when the markets turn bullish again. I'm wondering if it might go another 3-4x when the total mcap doubles to 900. $12-14 STEEM in April. Very likely IMO.
I'm hoping the downward trend continues for a couple more months. The crazy short lows and the super long highs seem...off. There's obvious manipulation going on with the banking crowd, and I'm tired of them shitting in everybody's pool.
@scandinavianlife
Agreed, just got to grit your teeth and hodl. In fact this is the time to get some crypto on the cheap.
I have also seen these hard times before, but must admit this time was different due to all the added extras of the "sters" bringing their million cents to the table, but I have full faith in recovery and am almost certain we will be looking back at this with terrified fondness (fingers crossed, lol) when it is all over.
crypto bear markets can go longer than a few months, it has done a year long bear market before. crypto markets will eventually be in the Trillions. hold on dont quit
I'll never quit :)
It wont be a year bear market this time. There is so much more money and hype. When it happend it was because of Mt.Gox. Mark my words..in April we're at ATH.
Nice post beautiful presented and explained. detail oriented with nice information. thank you for sharing sir @scandinavianlife
Thank you :)
You wellcome sir
As some major pundits in the crypto space have put it, Alt-coins, including Steem, are tied too closely to the performance Bitcoin. Steem needs to decouple this market dependency from Bitcoin. Once Smart media Tokens come into full effect and Steemit launches a full-blown marketing campaign, logic would seem to dictate that people will see an attractive opportunity and begin to drive greater demand in Steem. Perhaps this will provide the Steem price a greater amount of insulation during bear markets. I think that it would be a very healthy outcome when Steem can show sustained robust performance regardless of the demand for Bitcoin. And at some point most people will begin to realize that Bitcoin is more of a speculative vehicle and store of value and that Steem has the technology and transaction capacity that allows it to function as a real cryptocurrency.
As you said, people need to remain aware of what's going on. Good information, thanks for the post.
Thanks for input. Yeah, In a way thats true. But remember in the traditional markets whole sectors usually fall even if some industries do very well within that sector (IT, Pharma etc) The fall of some often drag others down with them.The important thing is more which individual company/coin wins long term. We'll see soon enough that for instance STEEM will gain more when markets go up, and fall less when markets go down.
Do keep in mind that since for example november 15th the total crypto market has doubled from 215 billion to now 445 billion, whereas STEEM has gone up more than 4 times. It's not that long ago STEEM was at $0,95...that's november. STEEM will absolutely explode in value when the markets turn bullish again. I'm wondering if it might go another 3-4x when the total mcap doubles to 900. $12-14 STEEM in April. Very likely IMO.
Well reasoned arguments, and I concur.
The bottom is finally in, yesss!
I wouldn't bet on it..but you might be right :)
Bet the Farm, Visa and the Mastercard. So it better bloody go back up to where it came from! ;-)
usefull & very informative dear friend @scandinavianlife thanks for shareing
resteemet
thank you for upvoted sir iam waiting your next post 🙂🙂
I'm hoping the downward trend continues for a couple more months. The crazy short lows and the super long highs seem...off. There's obvious manipulation going on with the banking crowd, and I'm tired of them shitting in everybody's pool.
@scandinavianlife
Agreed, just got to grit your teeth and hodl. In fact this is the time to get some crypto on the cheap.
I have also seen these hard times before, but must admit this time was different due to all the added extras of the "sters" bringing their million cents to the table, but I have full faith in recovery and am almost certain we will be looking back at this with terrified fondness (fingers crossed, lol) when it is all over.
blessings to all...
Spot on....do not open the champagne yet. If the big boys can claim 1 more victory, while fooling the masses - they will have no hesitation to do it !
This post has received a 7.81 % upvote from @aksdwi thanks to: @scandinavianlife.
At times, yeah, with market shorts