We're seeing yet another downturn today. Most notably in the alt-coin markets. Don't expect the rallies we saw early last month quite yet!
We'll know it when we see it though. I'm thankful for these corrections. The massive rallies become intimidating after a while. No money is THAT easy.
(especially with the exchange waiting times)...
They're much needed breathers. Putting too much stress on a market can be incredibly dangerous and the corrections can end up being far more drastic and long term than we've seen lately. Remember it's only been less than a month folks! Be patient! Most sat on BTC for years without seeing it truly rally.
I mean, look at STEEM! Now THAT was a patience game following the major correction following @DollarVigilante's influx into Steemit.
It's funny, people were jumping the gun and saying ETH was going to match BTC's market cap by June 20th. I said more likely around August 17th. People thought I was dumb for projecting it so far away at the beginning of June. Never jump the gun.
Not that I was correct. It just felt like a good date for me. Don't take that at face value. For all I know it could be September 15th or so.
I'm still sticking with BTC most of all out of any of the cryptos. But my faith in STEEM has not wavered. :) Look at this beautiful chart! I like the prospects!!
How long till the correcions gets over :( Loosing money since a month ;-;
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Hang in there, you are witnessing the evolution of commerce at the moment. The debt based system has only served a portion of the planet for a hundred years or more. These new crypto's can serve all people and not just a select few. If you're discouraged just remember, you made it here, others will in time. Congratulations on being a trail blazer!
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This comment has received a 0.12 % upvote from @booster thanks to: @shehryar.
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very knowledgeable and very interesting. thanks for sharing.
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Happy to do it! :)
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Nice work. You are absolutely right. People is freaking out for this supposed correction. Charts are still looking incredible. Fundamentals even better.
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thanks for this post - I started my crypto-journey just three weeks ago and it is a hell of a ride! Just waiting for segwit and hope that this will not end in catastrophe... good luck to us all!
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Very true, nice article. It is not about short term gain, but long term. Market correction is part of the process. All about patience!
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Just upvoted bro! What is your opinion of litecoin? I see some potential because if its 2billion marketcap. If some 5℅ of btc and ether went to ltc it would double! Hope 2 get you opinion :)
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ETH would have gone to the moon if they didnt run into such a bottleneck on transactions that seemed to have been caused by all these crazy cash grab ICOs
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The drops didn't even start properly yet. We have been at 25bn at the end of the March. Do you think it is not possible to get back to that level ?
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Onward and upward, through the fog. I too see a bright future for Steem.
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