The sky is falling! Sell all your coins and buy gold or silver. Crash, bubble, disaster. You have seen the bloodbath of the last 48 hours. All the coins are down, some over %50. Even steem, which was over $2 is now around $1.20 (and that is after a small recovery). It seems like we are in this serious crash but if you take a second to breath and think about it, we are still up. Way up. If you go back to the beginning of the year we are still much higher than we were.
Take ETH for example. It was at, around, $9 a few months ago. I know because I was going to buy some. Maybe to invest but I wanted some to play this arcade game where you can win ETH if you get a high score. I figure $20 in the bitcoin machine would not be a big deal if the game didn't work. But I never did. And then the price went up. And up. It was around $400 at one point. And now it is around $200. Sure you can look at it as a %50 decrease or you can look at in as, around, a 20x increase from the start. Not so bad now is it?
Same with steem. Near the start of the year we were looking at 7 cents. I bought some for 15 cents. Yes it did pass $2 and lost half its value but it also is way up from 7 cents.
Just something to think about.
*my upvotes/rep disclaimer: https://steemit.com/steemit/@whatageek/my-steemit-account-where-i-stand-on-bots-self-votes-and-multiple-account
I knew correction was overdue... I am concerned with the longterm prices though. Do people still think ETH will be in the high hundreds? Will it break 1000? That was a pretty big thought during the rise, but was that all hype? Even some credible sources have pointed to the fact of it going past $1000... But a lot of the latest increase I think is all of this ICO business...
What do you think @whatageek? you seem to have been involved longer, and must know more
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I had a bunch I bought at 10$ I feel like a jackass, I sold at 20$
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Hush
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Damn man, thats gotta be rough. I was telling people to buy at 10, and ltc at 3, and btc at 1100... I didn't have investment money at the time... but they wouldve made plenty of money in the past 6 months doing so. Still made them a few thousand so, not bad ;D!
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Better than the people who bought just before the correction and panic sold, but still a rough break for sure
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The only people panicking are those who got into the market at the HEIGHT of the hype
if youre an early investor, and got into bitcoin when the price was $300, or when ether was at $8 a coin, you shouldnt even be breaking a sweat right now
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Exactly, hold and wait :)
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It's still scary to see such a massive drop from being so high :P
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Always a crazy thing to remember that this big "crash" still leaves the price so insanely high haha
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The key to thus thing is gwtting in early. You must be an insider to do that
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That's is a good way to quell peoples fear i agree also upvoted and followed
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hey Whats up @whatageek I just followed you. Hope you will stay with me & follow me..
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right on point but i guess the people panicking are those that bought in when eth was on the way down, like $250 or so hoping for a shoot to the moon that didnt happen.
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I have lived most of my life knowing the BEST time to buy is when things are pulling back in price and not chasing them to the UPside...........STEEM ON !
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Hmmm... true talk. Sometimes we get so worried that we become ungrateful. You reminded me of missing the opportunity to buy ETH at $10 early in the year. The future is sure bright!
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Good post whatageek 👍🏼, I'm hoping steem will overtake eth in value some day :)
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