A lot of people are thinking that we are in a cryptocurrency bubble right now because of the recently high inflated prices. People reffering to the dotcom bubble and the tulip mania which started the same way as the cryptocurrency market.
Looking at the graph below you can see the stages of a product or an innovative product. The innovators are a very small group of people that are in the game from the beginning, which is 2009 for bitcoin. Back then the coin was very cheap and only a few people owned it. Right now we are at the Awareness phase. The crypto market took off and people paid out their profit for the first time.
As you can see from the graph we will see a enormous increase after this dip because the "Public" will get to know the market and a lot of people will start to invest in every coin.
My suggestion is to stay in the game and don't panic sell. You will regret this later.
Keep this chart in mind and sell at the right time which is when the public is investing their money into the cryptos.
When your mom comes to you and says "I have bought some Bitcoin or Steem yesterday" you know it is the time to get out.
Thanks for reading this blog and I hope you will follow this information and make a lot of profit in the end.
What are your thoughts of the best long-term coin?
nice blog , i follow you , please see my blog and if you liked please follow and upvote
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks, I will definitely look at your blog!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I totally agree with this.
When your mom comes to you and says "I have bought some Bitcoin or Steem yesterday" you know it is the time to get out.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Exactly! But right now this is not occuring so stay in the game.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Just gotta wait this ride out. It'll jump back up soon enough. Panic selling is literally the worst thing you could do in this situation.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You are right. Keeping it for the long-term is the best thing to do.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @ajax1976! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honnor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPBy upvoting this notification, you can help all Steemit users. Learn how here!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit