If your new to the Crypto Sphere, like a lot of recent people that joined Steemit, recent days must seem very dramatic. Bitcoin down, Steem Down, the bubble has burst!
This post is not investment advice but I wanted to show a few interesting Charts to give a bit of Perspective to the current Jitters in the Markets.
Bitcoin
Since the start of 2016, this coin has increased from around $400 and its now sitting at around $2500. Sure its down over the last few days and the future depends a lot on some potential changes that may or may not happen but just looking at the chart and it's going strong.
Steem
I tried to do the same chart for Steem, but wait Steem didnt exist at the beginning of 2016. Its value was 0. Its now standing at around $1.70
Since the beginning of this year alone Steem has increased from around 16 Cents and is now standing at around $1.70. Again the future value will depend on lots of factors but its going well so far this year.
Thank you for reading this. I write on Steemit about Blockchain, Cryptocurrency, Travel and lots of random topics.
Great post sir! You can check what I think about Steem in July this year: https://steemit.com/steem/@martinst/rise-of-steem-july
Followed and upvoted!
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HODL!
If you are not a good trader, the basic rule is to old for months/years.
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HODL to you too :D
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I really like your analysis!
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I am telling myself. I'm a holder, not a trader. Except Steem, i am quite interested in it now for some odd reason. (became a steemian) It's not a great time to trade for Steem in my case. Temper the market for me! Steem has had amazing growth as much as 1939% within a year.
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You are right. And to think, steemit is still in beta. We are still the infancy period of the platform.
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It amazing to think what has been created here, out of nothing. We now have a global community interacting on a daily basis. I would encourage people to stay away from investing in Crypto to start, but get writing on Steemit and Start earning and learning about crypto. It costs you nothing.
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I recognized that within minutes of researching and signed up. You are absolutely right! If i see Steem negative of a price and ETH above a magic number I'm going to diversify and hold. I think steems durability will grow! Where else can you invest in your friends for free?
an update: I did manage to place a buy for my first small investment in Steem when the magical moment came.
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That is great. I powered up some steem recently too. I am a believer.
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It's shows you have spent lot of time to study on this and it's really good information. Really it help the investors.
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Still steemit has its long way to go and when we get there, we will then recover its beauty. Even in its infancy, lots of people had already found it.
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This post received a 2.4% upvote from @randowhale thanks to @eroche! For more information, click here!
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Good post @eroche i'm following you please follow me and give me upvoted
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Thanks for the information. Upvoted
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