Perspective

in beyondbitcoin •  8 years ago 
“Most misunderstandings in the world could be avoided if people would simply take the time to ask, "What else could this mean?” ― Shannon L. Alder

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.




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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!

HODL!
If you are not a good trader, the basic rule is to old for months/years.

HODL to you too :D

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I really like your analysis!

  ·  8 years ago (edited)

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.

You are right. And to think, steemit is still in beta. We are still the infancy period of the platform.

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.

  ·  8 years ago (edited)

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.

That is great. I powered up some steem recently too. I am a believer.

It's shows you have spent lot of time to study on this and it's really good information. Really it help the investors.

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.

This post received a 2.4% upvote from @randowhale thanks to @eroche! For more information, click here!

Good post @eroche i'm following you please follow me and give me upvoted

Thanks for the information. Upvoted

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