The crypto market has fallen to the lowest level since November last year

lays (67) 7 years ago

@penguipablo but i am only worried about the steem future and market value it is dropping hard day by day something fishy.

$3.53

mrteb (44) 7 years ago

At least steem have the 'blog' as the product and the 'blogger' as user. hopefully it can be one of the crypto that will survive

$0.00

brettcalloway (57) 7 years ago

Crazy to see the amount of volume EOS has picked up! They haven't launched a blockchain yet and they're a top competitor already. Looks like great potential coming from there. Thanks for the update!

$0.38

nigelmarkdias (69) 7 years ago

Intel has filed a patent for a Bitcoin mining hardware accelerator that would reduce the amount of electricity used in crypto mining.
@penguinpablo

Intel knows something that legacy fintech fears.

Thank you for the heads up. @penguinpablo

$0.35

steevc (73) 7 years ago

I think crypto has been overhyped for a while. We need to see it really being used for it to deserve the high prices we've seen. Realism may be setting in as legislators catch up with it. I say this as someone who never bought into Bitcoin, but if you did that a few years back then you are still making massive profits.

The Benetton news is important. If people can actually spend their crypto then more will get into it. Steem is well placed for that with rapid, free transfers. We need to make that better known. Bitcoin is too slow and expensive a lot of the time.

$0.22

warpedpoetic (66) 7 years ago

I totally agree with you. Cryptocurrencies should show what they are capable of, for this is the time. The hype has passed.

Steem is well placed to be a big name in crypto/fiat currency market as the fastest means of transfer and I am so glad to be here to witness the gradual shift from government backed currencies to crypto. I think it is a phenomenal thing to be a part of.

$0.03

mamunkaharta (21) 7 years ago

$0.00

denmarkguy (76) 7 years ago

It still makes me scratch my head a little that as goes Bitcoin, so goes the market. It's sad that none of the alt coins seem to have the capacity of independent movement.

That said, I feel hopeful that this broad-based selloff is part of a dumping where many people are basically throwing out the baby with the bathwater. And — at SOME point — the process will start sorting the shitcoins from the quality: People will suddenly realize that the "cream of the crop" has become undervalued, and and there will be a rally in the top projects; what the regular stock market calls a flight to quality.

Given the high marks it seems to be getting from Weiss, we can but hope that Steem will be part of such a rally.

In the meantime, I am seeing a BTC (and market) bottom somewhere in the region of the root cost of mining; somewhat under $5,000.

$0.21

ifty40 (56) 7 years ago

hope it stops soon

$0.04

heymattsokol (68) 7 years ago

I'm grateful for the bear market because it's a good reminder to stay cautious. Even though I felt like I wasn't getting swept up in the craziness of December/January, I definitely was in retrospect.

here's hoping for some higher prices ASAP.

$0.00

gatorinla (47) 7 years ago

Bitcoin moving as expected to new lows. Bearish outlook remains the same although a short term retrace can't be overlooked. Bitcoin has closed the quarter, month and week lower now. On the daily its showing the beginning Death Cross. Over the coming months it should be able to be bought much cheaper. Most crytos have the same outlook. I am mostly stating fact. The closes are fact. The Death Cross is something some traders use for direction. A Death Cross is usually viewed as Bearish sign. Of course what has happened in the past, does not mean it will in the future. I don't have a position in Bitcoin or a Bias. I do want to buy all my investments at the lower price. Peace and Happy Easter.

$0.00

inspiredgideon1 (58) 7 years ago

This bleeding is really doing too much harm. I hope it stops soon.

$0.00

mamunkaharta (21) 7 years ago

hmm

$0.00