A short market recap on Ethereum, Steemit and PIVX!!!
Hey guys, another quick update on my last post about Ethereum, Steemit and PIVX.
Lets start with Ethereum:
On my recent post about Ethereum, I suggested that the time for big profits is over. Right now, Ethereum is crushing thru the latest support level off around 265,-$, and the next support level could be found at around 180 - 200,-$.
I believe, that the main driver for the good performance of Ethereum in the last months, has been the overwhelming increase of ICOs on the Ehtereum network. For sure many of this projects collected good money, and will provide good services to the overall Ethereum community, but these projects will sell some of there Eth in the future to fund further developments. This means more pressure on the price and less demand in the future.
Now is the phase where all major ICO have been launched, and the demand for more Ether is falling since. At this time we are left with only one more good ICO to go - The EOS project.
Many believe that the EOS project itself is going to be one of the biggest competitors for the Ethereum network. And it is the first ICO which will offer coins over a whole year time periode. So therefore there is no need for rushing into the market.
Anyhow the correction in Ehtereum will continue until we see a real bottom.
I will continue to bring further updates on Ethereum and when I think it is a good time to reinvest.
https://steemit.com/ethereum/@masterthematrix/ethereum-is-loosing-ground-should-we-be-worried
https://steemit.com/steemit/@masterthematrix/i-m-going-all-in-on-steemit-because-i-sold-cheap-ethereum-at-350usd-should-we-be-worried-about-ethereum-part-2
PIVX:
What I have discoverd when looking at the markets, that PIVX is really kind of stable or uptrending, when the other major crypto coins are correcting. For most of the coins, we are right now significantly down from the all time highs, but PIVX at around 1,90$ is doing great!!!
What I really like about PIVX, is the great development team (many are from the Dash community), the roadmap with so many great new features to come, and the fact that it is working with Proof of Stake. Where so many other altcoins are just performing on there pure value of there market cap - PIVX gives me the opportunity to make on going profits by just letting the wallet open...which means even in times of a market correction I still make profits on the way down. Proof of Stake lets you mine the blockchain without having the big costs of investing in modern hardware technology nor to pay for high electrical bills.
For all of you guys, who are not familiar with the difference of the two major mining concepts of Proof of Work and Proof of Stake, please take a look at this article https://blockgeeks.com/guides/proof-of-work-vs-proof-of-stake/
Steemit:
The best investment for me right now, to park your hard earned cryptos safely, is steemit. As you all know this community is the fastest growing social media site out there, and has the best returns in terms of making money per post or comments. There is no other blockchain plattform I can think of, that has such a great community and people really actually using this technology for a real life usage.
Everybody is familiar with social media and can join steemit without having trouble to download a wallet or to study a whole complex theory of how to use this service. Thats why everybody really has this great user experience.
For me as a Investor, I also like the fact that I can make more profits by posting, upvoting and commenting on good content. There is no other crypto investment where you actually can generate this kind of returns. And therefore it wouldn`t be a problem if steem takes a hit in price, because we still can make money by just using and supporting this community.
Ok guys, I hope you found this little late night market recap useful.
Please share with me your thoughts and comments!!!
Good Post! I think ETH will recover from around 200$ for me as a crypto newbie should be a good buy. Don't know stuff about PIVX but the chart seems to be quite stable. Steemit is just awsome though the Tax (to eventually each and every reward) could be kind of frightening to the new subscribers. (Don't panic if you just do less than 600 bucks a year!)
Nice! :)
Nice analysis about these 3 crypto's. PIVX was my first crypto I bought, it will always have a special place in my heart! ;-) Their team is so helpfull and available! Their is always someone of the team in the slack who's trying to help you, even with "stupid" questions! Ethereum had his boost trough the ICO's, but I think they gained a lot of media attention, so it's not yet over! After the correction you are talking about, there will be a point of recovering! Anddd Steem.. yes... I am so curious about the future.. It's still in it's beta phase! And it's already such a nice platform! It will become even more ready for the big masses! Hopefully this will reward us with new great content!
Thank you so much for your great comment, that makes me feel more confident in what I`m doing here. Like and follow!!!
Nice Post @masterthematrix. Be aware that you invest in steem, not in steemit. That's why also the tag #steemit is not the best choice. Sometimes users got flagged for using of steemit tag for non steemit related posts.
Thanks for your support @twinner and for your advice not to tag it as steemit. For me the investment in steem (the currency) is also tied up with the plattform steemit, since I have been powering up all the time. So I think you can see it both ways :-)
Ich habe gerade eben auch einen guten Post über Steuern und Kryptowährungen gemacht. Vielleicht kannst Du mir helfen den zu resteemen wenn er dir gefällt??? Danke für deine Hilfe!!!
https://steemit.com/steuer/@masterthematrix/wie-werden-die-gewinne-bei-kryptowaehrungen-versteuert
Steemit lost around 5% the last 2 days...... but - we hope all will be fine soon :)
Well it is still around the 2 dollar range. And since I have invested in Steemit I already made money by posting, commenting and upvoting...thats awesome!!! You can`t get it somewhere else!!!
This is true, just wait ...
I totally agree with you on this one, Master, followed
I've never heard of PIVX before.
Is it worth investing in?
PIVX is based on the same technology like Dash, but with much more improvements.
If you like to invest it is your choice but I think it has a great future to go!!!
Thanks - that was a very good review. It's very appreciated.