Geez there's nothing more boring and watching cryptocurrencies go sideways.
I like action like we saw in early February, when everything was crashing and it was the end of the world. Those are the fun times :)
People be like...
.gif)
Now there's little to look at...little to analyze. I like movement. I like to be able to predict support and resistance levels. Just like I called the $6K bottom and the recent $9K top. I love that stuff.
This sideways stuff has me like...
.gif)
Do something! I don't care if you go up or down...just do something Bitcoin!
Here's the last 30 day trading volume for Bitcoin:
The most recent melt up from $6K to $9K was done on little or decreasing volume. I'd like to see a move in either direction...preferably up, but with some volume. We need some conviction from traders.
Meanwhile, I continue to add to my Steem position. Buying the dips. I missed the dip to $2.60s. It happened so fast and I was sleeping :( Oh well, there may be others. Like I said before, I like the long term viability of Steem. Plus having Steem earns you Steem. It's the currency that keeps on giving, like a hooker with with an STD.
Speaking of hookers...did anyone buy into the Vice Industry Token? I thought about it but then they kept pushing their crowdsale date back and I got cold feet. I don't think the market crash helped with demand. Probably a good idea for them to push it back.
Anyway, hope you all have a great day!
With Love,
Chris
P.S. Don't forget Valentine's day is in 2 days.
@ weirdgoose Why you buying Steem?
Recently you said Steemit's days are counted.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good question....I believe IF Facebook gets a token and starts rewarding users for content creation like Steem, it could create a very difficult situation for us Steemians. I believe Facebook will have a very difficult time initiating anything like that however. For one, they are a publicly traded company, so they have to take shareholders into account. Second, they are huge! Think about the issues SteemIt has, "reward pool raping", crap content getting thousands of dollars etc..., and multiply it by 1,000,000 and in a very public way. I could envision a scenario where if Facebook initiates a Token, it could actually help Steem users and hurt Facebook, as Steem has already gone through the rough times of getting started. It would be totally new for Facebook, but if they used the same concept, it would validate everything on the Steem platform as having merit. And Steem would likely be in the media alot more if Facebook adopts a token. It's like if Apple succeeds, Microsoft does too.
That said, I believe there's room to run in $ terms for Steem especially into 2018. I'm thinking short-term, like over the next year, Steem could double or triple in price...so that's why I'm buying/investing now. Looking for short-term profits. If and when things change in the future, I'll adjust my position.
Thanks for the comments!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit