DTUBE Film Summary
The annual summer time dip in crypto currencies is in full swing and I see people jumping ship again. The smart thing to do would be to see the historical dip, every summer and realize the crypto prices generally recover around the fall, and then spike in the December time frame.
Bitcoin is down, SBD and STEEM is down, and everyone wants to panic and leave the steemit platform. This is crazy, SBD is about as low as it will go and soon will be heading back north bound. Right now people should just be hodling their crypto and investing at the low value. I mean SBD is just over 1.09? That is a steal, that price will definitely be near the low for 2018 in my opinion.
Post the launch of smart media tokens, the SBD price of 1.09 will look like a complete steal in my opinion. Most people that learn about steemit are easily hooked into the platform because it is censorship free, and you can actually earn money for your content, unlike reddit or facebook.
So everyone hold on tight, remember the value of the USD currency is always dropping due to inflation, and is a part of their fake monetary system. They are Fed Reserve Notes not US dollars.
BTC Price Screenshot:
Screenshot from CoinDesk: https://www.coindesk.com/price/
Screenshot from Coin Market Cap: https://coinmarketcap.com/currencies/steem-dollars/
These two charts seem to me to signify that every summer we see a dip in crypto price. This dip affects bitcoin which then affects all the other currencies. I would say we are seeing the lows for BTC and SBD and also STEEM for 2018, I would expect an increase in price come this fall.
Let's build communities like steemit that are outside the control of the financial despots that run society. Decentralize the elite, trust no one.
Join and follow me on steemit, if you are watching content of mine anywhere else, if you comment anywhere else you are wasting your own time. Get paid for your efforts by joining and using steemit.
Steemit Tutorial I made: Video
None of this is financial advise. I am just offering my opinion.
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yeah I wonder where this will bottom out. I'm comfortable waiting it out and would consider investing if it really does get close to $1 even
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I have seen SBD drop below $1 before, same with Steem. The best thing to do when that happens is to go for 100% SP power because it pays you out a ton and when the price reverses you make out big.
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First to comment lulz!
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Very well said. In fact, you could even add the fact that there are two benefits to post now: First, less people share the reward pool because less are active during the low price. And second, for the same upvote value we are now getting more Steem Power as payouts. So now is the time to grow our accounts. It will be incredibly harder to grow SP with a high Steem price.
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Yeah exactly, the SP is always skyrocketing at these low value marks then we come out the far side with a ton of SP which can be used to generate a lot of SBD when the price increases.
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Why does this always happen when bills come due???
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Lolz I know right. I do have to cash out my SBD earnings regularly to pay my bills so it def sucks when it drops like this. I try to time it when the price spikes but that has been hard lately.
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I live off what I make on my SBD, I hate it when it tanks and I have to power down to pay my bills!
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Yeah, then your ability to make SBD is hampered by having less SP. So it is a shitty trade off, but yeah the bills thing gets worse every month.
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Shit I wouldn't say HODL id say BUY!
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Yeah, well I said that as well lolz.
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Lot of HODLING to do if you were somebody who entered the crypto world anytime after last November... Probably all those who wanted to buy in on the dip have been doing that at everydip since from 15k onwards..... Hope that 6k is the bottom.. makes no sense in trying to catch a falling sword now..
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I have been in the crypto game since BTC was at about $300, so I am still in the green, however I think that 15k is not a top mark for BTC so, I would not sell till I see BTC at about 30 to 40k per coin.
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I had a HODL target for a year when I entered the around 4.5k-5k last year in Sep...I'm still in the green, but have given up most of my gains by now.. So still waiting to see what BTC will look like another 3 months from now.. .. Bigger worry for us in India though is the government interference and the lack of ability to now liquify into fiat.
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I'm holding on tight. This role just gets more slippery with each day.
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Good investors should not be worried about things like crypto prices going down because good investors:
(1) Invest money that they can afford to lose in the first place.
(2) Invest in solid coins/tokens/projects/companies.
(3) Know that prices going up all the time is an unrealistic expectation.
(4) Remember that what is happening, happened before (Bitcoin price went down significantly in the past).
I will never sell my coins/token. I will die hugged to my ledger wallet.
HODL, bros!
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