Just when you thought there might be some light...
The entire crypto market is coming crashing down and honestly only a few are going to come out of this. I even have some worries if steem is going to even make it now.
That being said the markets took another big hit today with the SEC yet again pushing off its decision on a bitcoin ETF for Feb. 2019 deadline now.
So that hope many investors where betting on for this year 2018 December seems like it is not going to happen. I will still be curious what happens with the market come Dec. 15-20th if we will see a bump and hold at that point.
That being said it seems like the markets don't want to wait out this year and see what will come of next year. Most will be selling their books and doing their taxes as losses for a write off.
Steems price as of writing this is at $0.24 and dropping quickly. Just last year it started at $0.19 so if we end up going below that $0.19 then we really know we are hurting.
Do you feel steem with drop below $0.19 and if so is there ever really a bottom at that point?
I see this post as FUD. You may believe what you're writing, but ill tell you know this post won't age well.
You write, "only a few are going to come out of this", really? Which ones won't? Links?
And then you write, "most will be selling their books and doing taxes as losses for a write off". Cmon man, you cannot be this blind to the facts.
Bitcoin is being manipulated for Baakt entry in January.
All of the top 100 coins are correlated to Bitcoins ups and downs.
There have never been more positives for bitcoin.....and several of the top coins.
Looking at the news for the top coins, yes Steem has some issues, but working on them. ETC, sounds like even more severe issues and ETH cutting back some, but getting these teams lean and mean will help them make it through this bearish market.
I stand firm in saying, if you give up now you'll regret it in the years to come. For people who think the sky is falling, secure your coins, turn off all news feeds and meet back here in a year. You'll be glad you did!!
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The people driving the market are clueless. There is a huge economic & social transformation underway enabled by cryptocurrency. Steem is at its forefront. It will continue to strengthen irrespective of market prices.
Ignore the news. Read George Gilder’s Life After Google.
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There are plenty of negatives and I have always been supportive of cryptocurrency. But there are many of these junk ICOs that will go belly up now due to no funds its legit going to happen no matter what you say.
I agree with junk ico's. Why weren't you that specific in your post? You grouped cryptos together when you said few will make it....we both know most that matter will make it.
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Agreed the ones that are worthy will shine out the rest in reality this is a good thing it clears out the junk. Was just an oversight in my post I guess :)
.01 is the bottom lol
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idk man it could be 0.0000001 lol
Unfortunately, it does matter what Steem or any other should be at as bitcoin is what is leading the market so wherever it goes, all will follow.
sure glad I bought some at 3 dollars
lol
Do not change your behavior and keep going. :)
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