Bitcoin making a run for $3,900!
Right on que, Bitcoin catching a bid!
As was mentioned as a possibility in my post yesterday, bitcoin is finally seeing some bullish momentum.
That post can be seen here by the way:
https://steemit.com/bitcoin/@jrcornel/bitcoin-appears-to-be-flagging
Bitcoin finally broke out of its bull flag to the upside, breaking the high of the flag pole in the process.
(Source: https://www.coinbase.com/price/bitcoin)
What does that mean?
Usually when bull flags break to the upside, they often rally to a point that is roughly the length of the flag pole.
In this instance that length would be about $250-$300.
Which means, a breakout from $3,700 would take prices up to the $3,900-$4,000 area.
That might not sound like much considering how high we were a year ago...
However, $4k would mark about a 30% gain from the lows around $3,100.
Hope you bought the dip!
Unfortunately for most of us steem is not really participating in this rally.
In fact it has slid a spot on CoinMarketCap from 47th down to 48th during this BTC rally.
Most other altcoins are seeing major bullish price action currently though.
EOS is one of the biggest gainers, with a 23% gain thus far.
Stay informed my friends.
Follow me: @jrcornel
Hopefully the next stop will be $9,300!
Did you buy any recently?
Works for me!
I disagree. Steem not going with Bitcoin is a good thing. All the alt-coins have been going with Bitcoin. They don't have their own way. Except Steem. Steem isn't going up right this second...but it will follow Bitcoin eventually. The fact that it's not moving in lockstep means it has a large enough following separate of Bitcoin to not just be carried along.
Of course, people would be more excited about this if Bitcoin wasn't going up. But, it's what will allow us to move separately of other cryptos.
I think this would be a good thing if bitcoin were going down and steem was not going with it. The fact that bitcoin and rest of the altcoin market is going up WITHOUT steem is not good in any way shape or form, even factoring in decoupling.
Depends on what it does in the coming days and weeks. It started to go up the other day, and hit the top of the boilinger bands, then returned down. It might hit the mid line and go right back up, expanding the lines enough to shoot up.
It being a few days behind BTC isn't that crucial. I think that might even be a good thing. It's just getting more room to grow.
But, separate of just price, we need to convince people we're worth it. We need more Dapps and better ones. We need to convince the market we're worth it. For some reason, they don't really believe we are. Likely because this place is pretty much a shit show. If we can't do that, and people actually think this place isn't worth investing in, then we'll lag way behind BTC in growth on it's way back up.
Part of the problem is that steem has a higher inflation that just about all the top coins, some significantly higher. If demand stays constant, prices go down with inflation.
And I agree that if was a few days behind BTC it wouldn't be a big deal, but I think that is highly unlikely.
There is less of a reason to buy steem vs. other coins and it has a higher inflation rate than many ahead of it.
Building a couple nice games on here that use steem is a good start, but like you said, we need a lot more. We really need Inc to deliver something considering they have by far the most resources.
Gotta love it 😍
Steem will be fine in the long run. I think the next bull market will be driven by the big coins and the shitcoins will be left behind. Steem is not a shitcoin. I believe it is wise, however, to hold a heavy positions in the major players (ex. BTC, BCH, LTC, EOS, ETH).
Yep. I like btc, ether, eos, and steem in that order.
@jrcornel Just missing NEO on that list 😁 rest I definitely agree, best projects in the space.
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I am open to NEO as well. There are a few others that I didn't mention that are on my watch list as well, though it's a very short list.
you also miss bitconnect, don't just give trevon james upvote (which is the main reason i fuck you so deep), support this nigeria nigger bitconnect promotor by going all in in bitconnect,this is the reason why i fuck you so deeply that you can't even breathe
you also miss bitconnect, don't just give trevon james upvote (which is the main reason i fuck you so deep), support this nigeria nigger bitconnect promotor by going all in in bitconnect,this is the reason why i fuck you so deeply that you can't even breathe
thought we were on our way to 1? lol
$1? Wasn't it zero? :)
haha!!
Is steem ever going to have its time?
later this year? 🎲🍗
how IS coinbase coming?
Coming from the same guy’s who created their own token now. JPM coin SMH I thought it was all a scam. 🤣
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lol! can never tell with those chicken bones
and the most well known scam bitconnect, this is the reason why i fuck you so deeply that you can't even breathe
steem needs work
Yep. Development has been much slower than everyone would have liked.
At least we are in the top 50 for now. Seriously though, when I look at things like state of the dapps and I look at things like a metamask with eth and I look at various things like transaction times..... I know that steem has more potential then practically all of the top 10 coins. I think there's a strong possibility that we hit the top 20 this year at least.
Yes, but potential is just that unless it is someday realized. There hasn't been much to give anyone confidence as of late that that potential will ever be realized. Hoping that changes though!
Well if you try to use anything ethereum based they'll ask you to install metamask.
When you install metamask you'll see a huge Banner that says install metamask on state of the dapps with the link to state of the dapps.
When you go to state of the dapps and you click on top dapps, you'll see this.
That's the thing. Ethereum sucks for gaming because metamask sucks.
Steem doesn't need it. It's awesome for gaming. It's ruling the state of the dapps and I think people are going to realize that it is just so much better than other platforms for gaming.
Good points!
We continue to see more decoupling of the assets to bitcoin’s performance which is a good sign as the protocols that are developing and delivering to their community will ultimately outperform. Steem will be among them for sure!
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Hopefully. They haven't really delivered anything in the last 2 years... Hoping for something different would be to expect a change from their status quo.
Eggplants buddy! 🍆🍆🍆
What do those represent?
It’s kind of an SSG thing!— funnier than 👍👍👍 but i always thought of them as dix.
We have been in an uptrend since mid December where BTC hit 3,125. I want to see us staying above 3,800.
EOS is killing it. I was going to have my mom sell some of her stocks and get $4k to get 1 BTC and the rest in EOS for 2 years. Looks like I didn’t act fast enough.
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Usually what happens when people are trying to catch the bottom!