Boring
I've been watching the crypto market for the last few hours
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Steem in particular of course
On low volume (less than ten million is low....right?) the market cap has been gradually increasing.
I noticed that it was in the seven hundreds not too long ago. It's up into the low eight hundred (millions) right now.
The price has been trading sideways at just a little over $3.00
In other news.
on a ($377 Billion) market cap of about a third of what it once was . The trading appears to be sideways also.
Like soildiers marking in lockstep...the 1hr column turns green..then red..then green. The 24 hr column follows the same pattern.
One hour column is changing at the furious rate of...tenths or hundredths of one percent. The 24 hr column at one or two percent.
Boring.
BORING IS GOOD!
I suppose. It's not crashing and going down in flames.
There is NO (at the moment) red tsunami like we have seen all too often.
But not much green either.
Boring.
Wondering when we may see the effects of China ranking steem #2 for blockchain technology, I was expecting the usual buy the hype sell the news but it seems investors are playing wise and taking micro profits rather then manipulation of the markets.
I was wondering about that myself.
Perhaps that's what's holding Steem UP..when it would otherwise be trending down?
Very very possible but I’ll taken it, let’s hope it holds out long enough to become a new stable point.
the problem with 'micro profits' is transaction fees.
if the profit is TOO small...it vanishes.
Yea I have made those mistakes when first learning how to play with the markets rather than against, nice thing with steem we only have to pay the exchange fees and my luck so far I have grown 10 Steem into 20 just setting limits and waiting it out.
I'll take boring over bad at this point
Anything above $1 is still in the positive for me! But hey we grow coin count with activity here so we cannot really go wrong no matter what happens rather we will just earn less for that activity.
I also expected something more after the good ranking of steem in China. Maybe we will feel an effect in a view days?