@abh12345 - Steem/Steemit update

A selection of topics and titbits of information relating to Steem/Steemit, the wider Cryptocurrency market, and my current situation as a 'Blockchain Hippy'.

The topics in today's blog are:

• My delegates

• The Curation leagues

• Post view count

• A look at the 'ph' and 'philippines' tags

• Bitcoin price - Fibonacci retracement complete?

• And finally, our travels so far

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_{gif created by the awesome @stellabelle and co.}

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Hi all!

It's been a rollercoaster start to 2018 for me personally, and all of us with an interest in Cryptocurrency and STEEM. This is my view of the ride, and I hope you find something of interest here today!

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My delegations

Following on from the epic work of @fulltimegeek, who has selflessly delegated around 350,000 Steem Power over the past 3 months, I've tried to pay some of this immeforward by giving out some of my own Steem Power to people and community accounts that I feel are worthy of a boost.

These are my delegates thus far:

_{Image courtesy of https://www.steemworld.org}

Some of the names you will recognise - @minnowsupport, @spaminator, @muxxybot, and @utopian-io for example. I feel these 'community' accounts are well worth a small token of appreciation for the work they do for the Steem Blockchain.

Excluding 'family' accounts (@zapncrap, @osm0sis, @ofildutemps), the other accounts are owned by individuals who have been doing excellent work within their own communities, engaging and trying to build a network of people around them. It is this kind of thing that I really like to see, and think 'together', we are greater than we are as individuals. Keep up the fine work guys!

I am still looking (mainly via 'Curation league 2' which is next on the agenda) for further accounts to support, and so look out for further delegations in the coming weeks.

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The Curation leagues

Mid way through last year, I started a 'Curation league' which looked at how well a collection of accounts that I'd had interactions with, were performing with regards to the financial aspect of curation.

@dontstopmenow was an early champion in this league and used this success as his resume to land a job at the head of a trail that includes @cryptoctopus (340,000 Steem Power).

Since then, I've added a second league that is focused on engagement voting, vote spread, commenting (not just 'nice post'), self-voting (lack of), and other variables, which are calculated to find the top 20 'engagers' from a list which now totals over 100.

Recently, I've started giving out prizes for both leagues, and the community feel around this weekly blog makes it one of my favourite posts to produce here on Steemit. It's free to enter, and I'm sure you will find your level of interactions (and followers) increase if you choose to take part.

To become part of the league, just drop a comment in the most recent post and I'll add you to the list. Cheers!

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Post view count

As you have probably noticed, next to the number of comments and total reward for your 'top level' post, there is an eye and a number which denotes the number of views this piece of content has received.

Having seen a number of posts over the past few months using this count to both 'bash' and 'support' the attached content, I'd like to clarify a couple of things.

To the best of my knowledge, this count is not 'accurate' and can be easily manipulated. If you were to refresh this post a couple of times, you will notice the count increase. This is perhaps the expected behaviour, but for me, the count is only useful if it were to accurately show 'unique' visits to the content.

As we have a number of applications (eSteem, busy.org, chainbb, etc) serving the same content, all using multiple and different Web Front Ends (The machines that host the display logic), I don't think an accurate display of 'unique' visits could be displays, and because of this, I would take this number with a pinch of salt.

If anyone has further insight into the above (e.g. Asher, you are talking rubbish, I'd appreciate a comment below!).

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'ph' and 'philippines' tags

Next up, some great news regarding one community that I feel is spearheaded by the remarkable @surpassinggoogle. The Philippines community has seen fantastic growth over the past 6 months or so, and I personally think that the delegation from @ned to @surpassinggoogle (on the 8th August 2017), and Terry's use of Steem Power following this, has has a huge role to play.

Take a look at the number of 'top level' posts since August last year:

I wish to personally thank @surpassinggoogle for all the work he has done in the promotion and support of the Philippines community. In my opinion Terry, you are fully deserved of this delegation and have earned the right to own it, by using the Steem Power delegated to you the way you have. Thank you!

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Bitcoin price - Fibonacci retracement complete?

Firstly, can I say that this is not financial advice, and I won't be kicking out charts like this 10 times a day :)

When Bitcoin touched $20000 around Christmas, dropped on large volume and failed to bounce above this high, I did wonder if the 'top' was in for this cycle. Whether BTC will surpass this high is anyone's guess, but in the short term it did seem like a fall, or retracement was likely.

From my years of investment knowledge (mainly based on failure!) in the Stock Market, I've seen many occasions where a stock has boomed, and has then proceeded to fall around 60-70% from the high.

After new high wasn't made and BTC retreated to around $15000, I mentioned the possibility of $6000 to a few people, based on what is known in trading/technical analysis as the Fibonacci Retracement.

The most significant Fibonacci retracement level to watch for is the 0.618. This is the inverse of the golden ratio, 1.618 or phi. The 0.618 retracement level tends to be the maximum pullback zone where fear climaxes as the final sellers throw in the towel and bargain hunters rush into the stock to resume the uptrend. source

A 61.8% retracement (more like 66% which is also mentioned in this book) has taken place and for now at least, BTC is showing signs of a trend reversal.

_{adapted from source}

Roughly - $6700 from $19500 = 66%

I would say it is too early to say for sure if the low is in (catching falling knives can be very dangerous), but I certainly hope so as we are still seemingly at a point where the other coins generally follow Bitcoin.

For what it's worth (In my opinion, a fair amount), @exyle who was selling into the rise of December, has now started his plan to gradually buy back into Crypto from the Fiat. Great job there man!

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Our travels so far

Finally, a quick update as to where in the world myself and @osm0sis are at present.

Following the job offer for Sylvia which was not as advertised, we decided to turn the move to The Reunion island into a holiday, and have now travelled on to the nearby island of Mauritius. Both of these islands have beauty and new sights and wonders that I've not experienced before, and I feel very lucky to have this opportunity to do so.

This opportunity has been largely funded by Steemit and SBD, and so I have to thank you - everyone who's ever upvoted a piece of mine or Sylvia's content, for giving us the chance to experience this. I never thought that I could 'earn' a living away from a desk but so far the signs are that we may be able to do just that - totally amazing!

I must apologise though for the lack of blogs/vlogs regarding our travels, I hope that you find @osm0sis's travel blogs (which are way better than anything I could present!) enough to keep you entertained, while I continue with my table and pie chart based content :)

_{Chamarel Waterfall - Mauritius - Feb 2018}

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That concludes my slightly erratic 'Steemit' update this time - I hope you found something of interest within.

Thank you all again for all your support over the past year or so, I look forward to interacting with you on the Blockchain, and who knows - perhaps in real life at some point too!

Cheers!

Asher @abh12345