Well, I haven't been following Bitcoin so much but, like with stockmarket sectors, the cryptocurrencies seem to move up and down roughly as a block, then within that, individually on rumors and news reports. I know it frightens people when they move down but that's when you get buying opportunities. Remember "buy low, sell high" but in reality we forget and we "buy high and hope to sell higher!" The stock market also took a hit so I might expect the same with the cryptos and Bitcoin leads the pack. They are more volatile (treat them like penny stocks) so you naturally expect a bigger hit. We got one.
We know the underlying blockchain technologies are a game changer, in time -- that's a given so look long term. That's when I think Steem will do better, in time, because it can handle a greater number of transactions than Bitcoin, but hey, I remember VHS vs Beta and the technology is not the only thing.
In the news, I see both good and bad. There are more places willing to convert the cryptocurrencies (more liquidity), more places accepting them, and on the other hand, it looks like a few governments just dug their feet in. Do you blame them? Aren't there about 300 cryptos out there now? Don't worry, the well entrenched survive and Bitcoin is the biggest.
Facebook is going to quit advertising cryptos, but why? Is it because they were asked to or because they want to introduce their own? I have heard the latter but you never know.
Anyway, don't panic! I have gotta say that as a minnow here, to join Steemit right before a big run up in all the cryptos, wow, was that ever motivational! I'm just going to ignore things and Steem on!
Well, I haven't been following Bitcoin so much but, like with stockmarket sectors, the cryptocurrencies seem to move up and down roughly as a block, then within that, individually on rumors and news reports. I know it frightens people when they move down but that's when you get buying opportunities. Remember "buy low, sell high" but in reality we forget and we "buy high and hope to sell higher!" The stock market also took a hit so I might expect the same with the cryptos and Bitcoin leads the pack. They are more volatile (treat them like penny stocks) so you naturally expect a bigger hit. We got one.
We know the underlying blockchain technologies are a game changer, in time -- that's a given so look long term. That's when I think Steem will do better, in time, because it can handle a greater number of transactions than Bitcoin, but hey, I remember VHS vs Beta and the technology is not the only thing.
In the news, I see both good and bad. There are more places willing to convert the cryptocurrencies (more liquidity), more places accepting them, and on the other hand, it looks like a few governments just dug their feet in. Do you blame them? Aren't there about 300 cryptos out there now? Don't worry, the well entrenched survive and Bitcoin is the biggest.
Facebook is going to quit advertising cryptos, but why? Is it because they were asked to or because they want to introduce their own? I have heard the latter but you never know.
Anyway, don't panic! I have gotta say that as a minnow here, to join Steemit right before a big run up in all the cryptos, wow, was that ever motivational! I'm just going to ignore things and Steem on!
Bitcoin prices are going up a lot.
They Dropped fast in the past 2 months.
next 2 mon it will remain around $7000 and then it will rise again up to $20000
this is a great time to buy bitcoin :)
follow @hamza77
I agree. Are you investing in any other cryptos? Following
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