Whatever Goes Down Must Come Up: My Trust In Steem and Cryptocurrencies

in #altcoin7 years ago (edited)

According to coin market cap steem , steem dollars and other altcoins are recovering from the recent blood bath caused by haters , Chinese new year holiday and centralized governments. The important thing to note, however, is that cryptos are volatile in nature hence the possibility of making supernormal profits. Here are some few points:

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**Up & Down: **whatever goes up must come down (vice versa) hence why we expect to see red again in the market. The important thing to note is that the fundamentals are solid. Therefore no need to panic rather trade and invest wisely and do not forget that cryptos successes are based on large communities that cannot be fooled by governments or haters of cryptos.

Take some profits: For day traders, learn how to remove emotions and wait when market is down (even buy some great coins or tokens like Ethereum Lyte (www.elyte.io ) which has seen great success even at its infancy ( see whitelist section of https://main.elyte.biz/?page_id=433 for their current crowdsale and join their telegram community: https://t.me/joinchat/E6tXj0dThqzzjVlWJRuxLw if you have any questions). Moreovere , avoid panic selling and buying high rather buy when people are dumping (scared) and sell some (hold the rest) when people are buying / greedy -this strategy will keep you safe.

Steem ecosystem: steem ecosystem is solid due to steem superior blockchain technology (processes transactions faster than bitcoin and ethereum combined) , moreover the upcoming HFORK 0.20 and SMT (see my older posts on this subject ) will lead to mass adoption and subsequently , high price of steem and steem dollars-therefore , make sure that you join the vibe here by investing in steem power.

See my former post: I Finally Forgot About Facebook, Thanks To Steemit

Use the below link to join the next best thing: Ethereum lyte via their current bounty-see link https://docs.google.com/forms/d/e/1FAIpQLScf9ORCo55gpLT9kIJA2kjR0ugWUeT5lDQg9GPgZ6RlW2Nc4A/viewform fill out the form and join the next opportunity in the crypto space.
Ethereum lyte (Elyte) is the next best thing. Offering just 1m tokens as total supply with far less circulation supply, top visible team see https://www.elyte.biz/ , excellent and innovative product plus deflationary nature ie token- therefore early adopters of Elyte are already smiling as they see bright future in their investments because price has shot up over 3K% since inception just 4 weeks ago even as they are yet to be listed on Coin market cap (coming soon). Therefore , we decide to give out this social media bounty in order to share tour tokens to the masses who appreciates the ingenuity of elyte.

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After that crazy surge in Q4 of 2017, I think a correction has been good and a chance for coins to build a base at higher lows than not too long ago.

Although the opp for superprofits is great (!), a more steady rise lends greater credibility to crypto and I hope that we'll see a smoother ride up from here, rather than see-saws (although I suspect that this won't be the case for a while...!).

Good to see Steem leading the way in blockchain tech and my only surprise so far is that Steem is not as well recognised for this v reason - or maybe this is to come in the v near future....

I agree with you...steady rise is the key..leadsalso to more user base and solid foundation

I am also agree with you

stop unintelligent comments in order to avoid flagging and save your reputation...bot?

lol right? "Your content is so well." :)

´Good point, never panic and hold long term

Oh boy... As an oldbie, albeit one who took a long time off, I can tell you about the days when STEEM was trading for a dime and the scoffers were crowing about it being nothing more than a collapsed scam.

Yep, the winter of last year was a hard winter for STEEM. That winter was the zone where all three lines scraped along the bottom. There were times when you could buy STEEM for below a dime.

I'm damn glad I stuck with my STEEM all the way through. You know what kept me going? Not only the enthusiasm but also the user growth. Even back then, Steemit was growing rapidly as a social network. Given that growth, there was no way that STEEM would bite the dust.

Since then, the bulk of STEEM's gains have come from it being dragged up by Bitcoin. In satoshi terms, it's had a nice bull run but far from manic. And its run has been backed by user stats that have brought Steemit within sight of Medium.

So yes, there's lots of reasons to hold and stick with it.

Very good point @nxtblg , early adopters who stick with a great coin always enjoy in the long run...good point indeed. I am following you now in order to stay in touch and send in my support. We all will see great success as members of steem ecosystem.

welcome and lets stay in touch...More success to you.

Yeah, hold hold Hold is the name of the game.

Yeah, I agree with you man that if there is down, then there will be up and vise versa. Only through patience once can earn big. But, it is also true that when ever we see the market in red we start to panic and in that frenzied state we stop thinking Cleary and makes mistake of reducing our losses by selling our holdings. Although this method may save us from a short term loss but it will also be the cause of the loss of our largest long term gain.

For example, India's Investment guru Rakesh Jhunjhunwala in year due to economic dipression suffers a loss of more than 1000 crore ₹ but he still didn't sell his securities under pressure and then after 2 year in 2015 when market was up he made a profit of more than 2500 crore ₹. This shows that only through patience one can earn big.

A Casual Writer

Good point indeed, thanks for sharing

It is always a pleasure to visit your posts, I learn a lot from cryptocurrency dear friend @ charles1, thank you very much for sharing all this information.
I wish you a wonderful day

welcome my friend and I enjoy your posts too especially the beautiful pictures

We should now keep the cryptocurrency deposited.
Steam is moving us upwards.
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rising and falling is common in investing, fear of taking risks means not wanting to succeed.

Steem and other coins will continue to rise.

Most price of commodities usually goes up and down. price will continue to come up gradually. upvoted

it depends ...

Well writing article, excellent point. let the price continue to go up. upped

what exactly do you like in the article?