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/

https://steemit.com/cryptocurrency/@masterthematrix/is-pivx-a-hedge-against-an-upcoming-btc-top-or-downtrend

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!!!