How Quickly Things Change
I was expecting a slow reaction but we got this upswing instead.
Posting about the price of Steem is what everyone wants to do when it goes up or slumps. Having watched this coin for a long time before joining the community, I know that most alt-coins follow whatever bitcoin does.
When bitcoin drops, Steem usually holds on and doesn't react violently because it has value in its members. This drop in the market, whatever the cause, took a long time to bring Steem down with it which is why this immediate spike is surprising.
Bitcoin goes from $6,950 to $7,393 and Steem doubles. This was a surprise.
I have been taking what little available money I have and putting into Steemit. I have seen the days of seven dollar Steem and I thought I had missed the boat coming in financially only a few weeks ago (seems like longer) but, this price rise gives me much more confidence in the coin. Let this be my first 100% power up post.
Today is good news for all steemian, price of sbd and steem increase, thanks for your sharing to us valuable information about cryptocurrency, i like it and have upvote and resteem your post, success always for you brother @bytzz
That's cool..
I was also surprised to see this spike today, but it's a nice surprise
Wow, nice entry - best of luck winning it.
Oh thanks :)
Yeah! Now, this is the right time for put money in steem and hold.
but for me, I can't :(
The right time is to buy on the way down and just after it moves up. Don't worry. A steep spike like this is usually followed by a drop - a doubling in price is an over reaction to a small climb in bitcoin. It will drop a bit, then buy in with what you can.
Good morning. There's the dip I told you about before it happened. That, with no change in bitcoin price.
Good morning! thank you so much bytzz can I found you on discord
Not there yet. I had an old account but the interface changes so much I can't navigate it very well on my phone. My PC is ultra secure and has too much running for me to add one more task, route a mic to one of the ip's
Someday maybe.
Oh, alright!
Yeah, thankyou, I sell sbd now with the nice price :)
hai friends, posting is very good. it seems I always see the price of SBD although when it is going up or while it is declining. but it seems today the price sbd slightly up, hopefully continue. my upvote and resteem your post @ bytzz
hai friends, posting is very good. it seems I always see the price of SBD although when it is going up or while it is declining. but it seems today the price sbd slightly up, hopefully continue. my upvote and resteem your post @ bytzz
Yup, I'm shocked to see a huge difference from yesterday to now. Things changed quickly. I'm happy that steem is going to moon. I'm waiting for higher rate just like Dec 2017 so that I can sell steem.
That's the way we do it. Buy low and sell high. Thank you for stopping in.
Por fin se recupera el mercado de las criptomonedas!... ya me estaba preocupando
No se toma accion en un momento de miedo. Todo de trading tiene que ser logoca y con calma.
Gracias por el consejo... aun tengo poco tiempo en el mundo de las criptomonedas, aprendo todo lo que puedo
Paso mas horas dando informacion a lost que vienen de comprar crypto que el tiempo de contar el dinero jeje.
Great news! Thanks for sharing. @bytzz Have a wonderful day.
I happened to be looking at the price when it started to pump. I converted my sbd and powered up. Had I waited I would have made more on the conversion but it was still fun. I bought some last week at 1.89 and was waiting to see if it hit $1 but it didn't make it that low so I feel like I missed the boat on the dip. I previously bought in in the 3s and the 6s so I needed this lol. Fun ride isn't it?
I made my first money in bitcoin. You never miss out. When Steem is at $6,000, you will laugh about the days you worried about buying at $1.50 or $3.00
The first quarter of the year is always low and sluggish. I am very glad that I finally took the plunge and got into Steem - it is the fastest coin, the cheapest (no fees) and the addresses are the easiest to remember!
Do you really think it has the potential to reach $6k
You are thinking backwards. I know the dollar has the potential to reach zero. So somewhere on the way down when a hamburger costs $180.00 or so - yeah, steem will be about $6,000
The above scenario is valid only if Steem does not increase in real value. Have you seen what is happening in Venezuela? People escape to other countries and try to sell 20,000 bolivar bills for pocket change. Dollars, pesos, bolivars...
They are paper - they rip - they burn - think.
I do agree..
Let them burn
I hope you're right. I mined a bunch of bitcoin in 2012 and the wallet was lost. I still kick myself. I need all the steem I can get lol. I imagine that If I had that bitcoin I would have sold it over the years.
I sold my bitcoin when it got slow and expensive. It was completely unusable from Dec 2016 till recently but If I had held it, I could have sold what it for 19k (no way to transfer it anywhere, but I could have sold the private key)
interesting. I never thought of it that way. I hadn't considered how useless it had become. I probably would have done the same thing if I had held it.
Yes this is the precious time...thanks @bytzz for your great post