Ladies and gentlemen. Cryptocurrency in general is having a seriously chaotic day. But, is it all doom and gloom? Or perhaps, it's time to refuel?
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This is a snapshot of my current crypto portfolio. As you guys know, I've been recently having some serious success from steemit, and I'm using these rewards to leverage myself into more success, so that I may one day invest largely into the steemit platform.
As you can see, everything has been drastically falling in value across the markets.
If you guys didn't know, I am a market farseer. I have accurately predicted many events for value on crypto.
Here's one of my paintings from yesterday, before mass devaluation of sbd and steem. Perhaps now you guys can understand what this painting is about.
Let the imagery sink in.
A brave Steem, out in the middle of a sea storm of currency. Uncertainty, confusing, panic, creates the hammering waves.
How many of you brave sailors are riding out this storm, hodling fast and bracing for impact?
Alas, do not fear. Malice is here, and I'm telling you guys, this is nothing at all. Why?
Well it's simple really.
Behold. The truth. Bitcoin has suffered a very steep hit in value within 24 hours. We're talking Bitcoins being valued at 15,000 and dropping to 12.8k
As a result, this has caused massive mayhem across the markets.
As we know, all major exchanges peg the values of coins to bitcoin.
As we have seen in the past however, these devaluations are always temporary, and are always followed by rallies.
What does this mean for Steem and SBD?
These 2 cryptocurrencies are not valued correctly, and will rise back in value as the market corrects. Which means, now may be an excellent time to purchase some STEEM or even SBD at a discounted rate.
We've seen it happen again and again before. And we absolutely know for a fact that Steem has not reached all time highs yet. Steem has definitely reached a very good point, but we are yet to see the full potential yet.
So folks, stock up on rocket fuel while it's cheap. For you smart investors out there, you already know what is coming.
Quite possibly the rally of a lifetime.
Well, that's my input. This is based on the speculation of several investors and day to day traders that I regularly have discussions with.
For you hodlers out there, I stand by you, and I'll see you on the other side.
Annnd it's already back up 15% in the day since this was posted.
Good eye, good timing!
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Prophesy fulfilled! >:P
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I can't wait to get some when it's cheaper <3
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I'm hoping it will drop a bit more though! It makes me wish I bought in more earlier.
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I like the way you think! Of course, the prices will jump again, but I think there will be a slight period of hesitation. Maybe a week or so... Or maybe a little bit longer. Who knows?!?!?
One thing is sure. Prices will be back to their records soon... Why not even higher. Let's wait and see what happens. Just until then, INVEST!
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Thank you for this report @malicered
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Thank you for this logical analysis of the currency platforms
Maybe the last chance to provide steem and sbd before I shave away.
Great reading of the painting you drew
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That's what I'm doing now, I'm collecting SBD to convert it to STEEM when it goes down.. Thank you for your interest
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i liked in your all post and i am waiting for your next post
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i interested cryptocureny on good steemit thanks for share
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so great post, i like tish post, thanks for good sharing
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Thanks for the post and for reassuring the Steemit community. I agree, if you look at the utility of the Steemit token, it is clear that it is undervalued.
I am not worried about the consolidation period that we are in at the moment, in fact I think that it is quite healthy!
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love when steem crashed, time to do some shopping.
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No biggie it is red wedding this week anyway. I will hodl my steems like my baby
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Great to find someone else interested in cryptocurrency. I'll be sure to follow!
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nice post for streemr
thanks for sharing
carry on
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Thanx for the advice, i'm still an amateur crypto investor, so info like this really helps me out.
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The is time for evry thing time when things are good and when tings are not going on well.
Aday seasion and a wet seasin and things go oppost dirrection.
This is time we prepair the land of we the plant you seeds
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Thanks dear sharing this information ..I waite for your next post
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