Vlog 190: Another day, another correction. Diversify your portfolio to ride out the storms.

captaincanary (58) · 7 years ago

We've just to stay calm and focus on the long term, I'm sure we have both been in crypto long enough that we've experienced many days like this. Hopefully the sell off was not caused by some indider knowledge thats yet to come out...

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pouchon (70) · 7 years ago

This is the hidden gem about steem. If you are focus on the community and have fun and earn reward, you are better situated to understand the ups and downs.
Keep on steemit.

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thejohalfiles (58) · 7 years ago (edited)

Just another day in Crypt0 thats for sure @exyle. This is the time to accumulate more cheap Crypt0 before the next run. I expect things to turn around for BTC in February sometime. If you look at the charts from last year we had similar dips around this time. I placed my vote for @blockbrothers as well, good luck with everything brother you're doing great things here..

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bennierex (58) · 7 years ago

Thank you, your witness vote for us is much appreciated!

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exyle (79) · 7 years ago

First of all, thanks you for the vote on our witness @blockbrothers. That helped us a lot. And second, yes indeed another day in crypto. I also do expect things to turn around although not sure about the timeframe. And for me this is where STEEM works better than any crypto because you can earn crypto here while the markets find their way.

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jjcali (57) · 7 years ago

Yes, time to get some coins. A lot of stock options expire this Friday so assume some big investors need the cash to cover.

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evreninsirlari (48) · 7 years ago

Thanks for informations

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kesolink (61) · 7 years ago (edited)

Same here also, I woke up this morning just to check my blockfolio which I saw the market is totally red. But I believe it happens like that in a while and I am sure it will be green back.

I just convert some of my sbd to steem just to support a project. I remember, I learn on how to convert from you, in some moths back.
Thanks so much mark. You have being my steemit mentor since the first day I read your post.
Have a pleasant days ahead.

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exyle (79) · 7 years ago

Thank you man, you have great day too!

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clio (61) · 7 years ago

Mark, I saw @blockbrothers is in the top 50, on nr. 48
Congratulations, it is great you guys have come this far. I am really happy for you!

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exyle (79) · 7 years ago

thanks, mom!

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tarekadam (67) · 7 years ago

I really enjoy your videos and positive attitude. I wonder what is your target price you start to power down part of your STEEM? I personally would go totally mad if STEEM goes back to 1 USD after we had this huge increase to 6 -7 USD.

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4 votes

exyle (79) · 7 years ago

Thank you! Like I said I don't enjoy these corrections but they are part of crypto so I have to accept them. I would always choose positivity over negativity :)

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4 votes

abdulmanan (67) · 7 years ago

i like your comment , you are so positive man .
feeling lucky to be a part of your community .

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bellsx1 (45) · 7 years ago (edited)

... these corrections but they are part of crypto so I have to accept them.

that sounds pessimistic .. or similar to "$1 is a reality we are facing."

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sparkofphoenix (61) · 7 years ago

STEEM will not go back to 1 USD!

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tarekadam (67) · 7 years ago

Yes let's hope so, it would be hard to watch.

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rival (67) · 7 years ago

Nice that you go to fiat... I did not yet.. but maybe this is a good lesson for another time..

exyle (79) · 7 years ago

I went to fiat because I felt I was overextended in crypto after the rise.

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rival (67) · 7 years ago

Good decision..

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jawad09 (65) · 7 years ago

Your vlogs / blogs really give me strength. I took lots of decision after following you and beleive me I got wonderfu results specially in cryptocurrency.
But honestly speaking, today I'm feeling bad. My bittrex is almost 30% down today. Although I know the reality but still as I'm human too so everything is connected with each other.
Thanks for your blog @exyle.

emilclaudell (53) · 7 years ago

It's nice to see you staying positive :) I think it has to do mainly with rumor from China, about their government cracking down on Crypto. In general, there have seemed to be a lot of different stuff over the last few days, with the metropolitan bank, rumors in South Korea, and now rumors in China.
That being said, i woke up from a nightmare, and seeing my portfolio really didn't help my morning :)

starboye (53) · 7 years ago

this is going to be a hell of a ride for those who don't know how to handle these kind of pressure and will immediately better hold and forget :)

maya7 (63) · 7 years ago

I was egarly waiting to your post, for the valuable information about the downfall of the prices of cryptocurrncy, as you are always optimistic, I am also remain the same. Thanks, risk is the greatest key to success so let's see what will happen. Thanks.

theguruasia (67) · 7 years ago

@exyle,
It drops due to this news, as always a temp drop! We must HODL!
https://www.bloomberg.com/news/articles/2018-01-15/china-is-said-to-escalate-crackdown-on-cryptocurrency-trading

Cheers~

adamkun (43) · 7 years ago

exyle (79) · 7 years ago

Thank you. I have no price target for power down. I think it's one of the most valuable assets in crypto. I would not know what to sell it for?

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schattenjaeger (71) · 7 years ago

It's not fun, but it's not painful when you just learn not to pay attention. Like you say in the title: another day, another correction.

As long as all of crypto is priced in BTC, this will happen.

I've learned somewhat that the best strategy is to not look at the charts whenever there's a red sea going on.

I just focus on other stuff.

Sure, the red days are buy days, but if you're not looking to buy, staring at the prices going down just makes you depressed.

It's not worth it, crypto is still young and all prices will go up eventually.

exyle (79) · 7 years ago

Yes, I agree 100%. Do stuff to occupy the mind when you are not looking to buy is good advice. I'm not buying atm, even at these prices, it needs to go much lower (and if not that's ok to). Having some money on the sidelines gives me options and time.

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riovanes (66) · 7 years ago

I really wish that things will stabilized soon. The sudden crash really caught me off guard. But I will keep a positive attitude. Hopefully this is only temporary and steem will moon again.

beingnaveed (53) · 7 years ago

such positivity

exyle (79) · 7 years ago

I try to be :)

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sv1rby (51) · 7 years ago

I guess this corrections on the market have to be so much scarier for you after you quit the job... for me its just a hobby to have some crypto so I just hold and hope it goes up again :) congrats with your place in the top 50 of witnesses! Lets try to get to the top 25 now, I will vote too now :)

exyle (79) · 7 years ago

I did not quit my job entirely although, yes, I did let go of my 24/7 contracts. I still do not regret it.

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arsenal49 (63) · 7 years ago

Even if you diversified to all the cryptos you would get smashed.

exyle (79) · 7 years ago

Yes, this why I mitigated some risk into fiat.

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cryptosenpai (56) · 7 years ago

A $700 billion bull run followed the last correction that was similar to this. There will be absolutely no problem. Panic sell is the only enemy here.

cityslicker (58) · 7 years ago

what a day total change around in the crypto totally down but as you said already diversified :)

yasminep (58) · 7 years ago

This is exactly what I needed to hear today. Your vlogs make a lot of sense and actually you're totally right. You've just got to keep the faith. Also, yes! We actually get to earn crypto doing something we love. Thanks for this. Keep your vlogs coming!

exyle (79) · 7 years ago

Thank you!

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blazing (70) · 7 years ago

i already diversified the portfolio and now i am not panicking too much this is a correction which has to come at some point its here finally but too much down for now hope it will be back up soon

henrygds (46) · 7 years ago

@exyle friend as you do the conversion of crypts (BTC, ETH and SBD) in fiat. I would like to know a little bit about that way of changing them ... because when at some point I want to start generating a little income in the community I would like to keep that money very well saved in Fiat .... otherwise there will be some possibility that the videos you have on youtube may have some translation in Spanish .. ?? at least in letters of what fences commenting appears in Spanish below written .. !! hehehe and thank you very much for the help ..!

exyle (79) · 7 years ago

I only know it for the Dutch market. I use a company called bitonic to get in and out of crypto fast for a fee.

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ghulammujtaba (59) · 7 years ago

Yup, not a good morning for crypto investors but let's hope for the best! I guess the Chinese government has again called to regulate the market and that's the reason for this. Read somewhere on Steemit!

thedarkhorse (67) · 7 years ago

Great day to have liquid cash! There are all sort of unbalanced prices drops when trading in BTC pairs today.

@exyle I was wondering a couple days ago you posted some stats about the increased powering up. Those charts said they only included accounts actively powering down. Is there a way to see how much total Steem is tied up in SteemPower?

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exyle (79) · 7 years ago

Out of 262 million STEEM, 197.5 Million is in SP at the moment.

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thedarkhorse (67) · 7 years ago (edited)

First off thanks for your time! Love that you are one of the people who reply to comments and pass along useful information.

So that is pretty much like the other numbers from your previous post. Thought there was a note on the image saying it only included accounts in powerdown. Maybe I misread it.

Since you seem to be able to wrap your head around this and convey it the best of anyone I follow, with the SMT's is there an idea of how much steem a person will need to launch? Trying to figure out the Supply Demand issues that will apply with what could either be a game changer or a nonevent based on how much Steem is needed to move forward with an SMT.

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joxus (56) · 7 years ago

Shopping time 😍

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jjcali (57) · 7 years ago

Yes - the pain is more when the value gets higher. I try to think of it as monopoly money. The key is to not care if it goes to zero.

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livelifefullest (62) · 7 years ago

Mark, Yesterday we had Blue Monday; today we have Red Tuesday. Should we ask @kalemandra to change the ColorChallenge 😉

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exyle (79) · 7 years ago

lol!

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draffanahmed (42) · 7 years ago (edited)

Well only way to survive during crypto crash is to have a positive attitude.

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criptoscimmia (34) · 7 years ago

But also patient is needed..
My brother is really positive, but too impulsive..
I'm little bit less positive(but still positive) and absolutely patient..

And most of all, i strongly believe in blockchain future! :)
That's my secret to remain calm.. :D

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exyle (79) · 7 years ago

patient is important indeed.

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draffanahmed (42) · 7 years ago (edited)

This was actually good time to buy altcoins. I bought some AST, WAX and PIVX. I am eating breakfast because once my wife looks out bank Account she will put a cryptoban on me the way China did on centralized exchanges.

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rondras (61) · 7 years ago

If you are trading cryptos, than today is a bad day as you will be losing money. If you are investing it does not matter (or is even positive if you continue to invest more) because all that counts is the price in some distant future but not the price today. I myself have also found no reason why the market is tanking, but hearing that people have borrowed money to invest this is no wonder. It has happened before.

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stokjockey (70) · 7 years ago

@exyle Always giving you the TRUTH in up or down markets. The best people to listen to on Crypto are the ones that have been around for years, not the ones that have just gotten involved and think they know it all............................

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wajidali (38) · 7 years ago

Hello Dear @exyle I really liked your posts I'm watched your videos YouTube very information videos

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lpreap (67) · 7 years ago

Glad to see BTC falling. True, altcoins are taking a dip but they will rebound. BTC is long dead and this shows.

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adesojisouljay (66) · 7 years ago

Reading your post only is enough for me to learn every day... Thanks sir @exyle

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olsm (57) · 7 years ago

This is the time to buy more. Buy crypto when its on sale, is what i always say.

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https://steemit.com/steem/@berniesanders/you-are-all-a-bunch-of-fucking-cowards

enriqueig (59) · 7 years ago

Hello friend see this post and make a post for the steemians with doubts please :

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serkagan (65) · 7 years ago

Oh yes, today is a red day on the stock exchanges and as you correctly noticed, my friend, all the coins went down. I think that the reason for everything is a decrease in the Bitcoin rate due to negative news from China and Bitcoin generally tugged everyone down. Of course, I also believe that it will not be long and all will revive, because this is not the first time. Thank you Mark.

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bait002 (72) · 7 years ago

@exyle your business sense is genius. You indirectly gave me a clue as to what to do next. Thank you.

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fiurfiuniuk (31) · 7 years ago

Nice Bro

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thatanimesnob (48) · 7 years ago

it's those darn Koreans and their unfounded embargo rumors XD

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indonesiabenz (25) · 7 years ago

Cryptos are meant to move in a wave, good news gives higher valuation and vice versa, good to buy the dips I guess

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brendube (53) · 7 years ago

I heard the reason for the correction is because the Asian markets are going into holidays. Apparently it dips this time of year in the past too. Do you know anything about that?

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sorayakhatun (62) · 7 years ago

I always wait for your post every time this time because your post looks very good to me. I see your post really good. I really like your post.

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wowearth (39) · 7 years ago

You are waiting for every post wow thats so good

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stewardessa (50) · 7 years ago

@exyle
actually makes good messages

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wowearth (39) · 7 years ago

Exactly that why i love the content of @exyle post

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sorayakhatun (62) · 7 years ago

i always saw your dtube video

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stewardessa (50) · 7 years ago

A new day, a new life :)
The rate will soon grow

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bayuya (63) · 7 years ago

Why are so confident that it will grow soon?

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stewardessa (50) · 7 years ago

Believe, it will be so

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bayuya (63) · 7 years ago

I don't mean to be rude or something like that, but your comment and the response to my question, makes me to believe that you don't understand a financial market and investment business at all.

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enews202 (49) · 7 years ago (edited)

your all post is great post sir always i am wait for your post sir i always your post saw and see sir because your post is great post sir

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sift666 (65) · 7 years ago

If there is a medal for dumbest spam comment ever written you sir just won it...

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enews202 (49) · 7 years ago

sir , it is said that you can speak about how to respect someone it s not spam

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bayuya (63) · 7 years ago

It is a SPAM and I warned you before.
@sift666 your comment is upvoted.
@enews202 will get a flag next time.

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enews202 (49) · 7 years ago (edited)

sorry ......sir ,please tell me a little bit spamming here

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sift666 (65) · 7 years ago

yes sir it is said....

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enews202 (49) · 7 years ago

thanks dear

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sift666 (65) · 7 years ago

You know "dear" isn't usually used in that context in English?

In letters it's used as in "Dear Enews" but in speech it would be more as in "yes dear" to a little girl asking if she can have an apple.

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enews202 (49) · 7 years ago

ha ha ha friend i connect you if you agree

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calatorulmiop (57) · 7 years ago (edited)

The green will come back soon enough. In the meantime, it's discount season for all the coins, happy shopping everybody :)

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bayuya (63) · 7 years ago (edited)

Can you explain why are you so confident in that?
Saying

The green will come back soon enough

can inspire someone, who lack investment skills to follow you and buy it now, and loose money in equal probability than earn it.
When you make your statement, at least include a little argument or expertise in it.

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calatorulmiop (57) · 7 years ago

Everybody is responsible for their own money and their own actions. If I want to explain something in detail I write a post about. Peace.

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povar4ik (25) · 7 years ago

awesome, i love your post... its incredible...

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cbeep (44) · 7 years ago

Now we have to understand crypto market is like a pendulum .how much it goes up it will be right back to its previous place ,so no need to panic watch the video & enjoy.

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meritigbunu (49) · 7 years ago

For 3 reasons, it now buys me time (to ride out the storm) and gives me peace of mind because I can pay my bills. And if things go low enough I can buy back in.
Nice thought, the world of Cryptocurrencies is amazing and need wisdom to deal with

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doctor.steemit (9) · 7 years ago

This is the best post in Steemit..🔥🔥🔥 voteup :)

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dream.pro (2) · 7 years ago

I agree!

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fady92 (37) · 7 years ago

good post broter

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mdarifk10 (40) · 7 years ago

Sir your story awesome

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cemke (61) · 7 years ago

Thanks for the video, you are so energetic! Hopefully, sbd will increase again.

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safwan71 (34) · 7 years ago

Thank you for the information

My permission follows you and I'm new to steemit expecting your vote to help me

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doctor.steemit (9) · 7 years ago

This is the best post in Steemit..🔥🔥🔥

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haryanis (47) · 7 years ago

i want writing on utopian and upload photo on dtube

but i dont now how make utopian and dtube

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darthnox (34) · 7 years ago

Along with having a diverse portfolio having the the will to hold during times like this is crucial.

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exyle (79) · 7 years ago

yes, I agree.

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nishaopt (48) · 7 years ago

Positive thoughts.we are waiting for the high times here
-cheers-

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mousumimou (61) · 7 years ago

Sir your story awesome ..Really amazing post.

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anderssinho (53) · 7 years ago

You should always diversify your portfolio and not put all the eggs in the same basket.
For me that is just getting on to this with crypto, I enjoy seing the price goes down so I can buy in more for less, but understand that some people might have a hard time sleeping.
But I'm sure this tide will turn!

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onnovocks (49) · 7 years ago

I've said it before, and I will say it again: Too much Monkey Business! Since when do Ham, Cheese, Toilet Paper and Peanuts all crash at the same time? BTW, those same politicians and bankers that want to call crypto ficticious should keep in mind that there is no law compelling us to pay tax on something that is fictitious, nor is there a law that grants them the right to regulate said fictitious items. They can't have it both ways and expect to retain any shred of credibility.

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bitfiend (59) · 7 years ago

These storms are just discounts in disguise :)

The future brings much gains. Great positive attitude, as always. However; with your posts alone, I doubt you have to worry about paying bills :P Just vlog about it, bills paid.

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whatamidoing (69) · 7 years ago

Carnage! I wish I had cash to buy some neo and eos with!

I wouldn’t be surprised if there is a bit of manipulation going on here, we are trying to build a new paradigm on top of an old one which is a very messy process...

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steemclaira (50) · 7 years ago

we ll survive the hard times..hope the times will be good very soon :)

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smalltyme (29) · 7 years ago

Regardless of the reason for a correction, when it is time to happen, it will.
I wrote about the possibility just hours before it began in my post The Beginning of the Correction?
Scoop up some discounts if you're a longer term investor or just new in the space.

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kyawthuyein (53) · 7 years ago

hello dear @exyle,I very like your post .

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veganroma (65) · 7 years ago

I'm pretty worried that the price of SBD will go back to 1 USD again.
I want SBD to be worth 10 USD again :(

Lets hope for the best and get through the storm!

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lets-tech (48) · 7 years ago

These corrections are hard to watch, but ultimately, when I started on steem, about 3 months ago, steem and SBD were both valued at about 1 USD, so even though their prices are going down right now, I still win!😁

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abdulmanan (67) · 7 years ago

yeah i was also examine the crash in crypto and yes couldn't find any main reason like you have said , but i believe it will go high and higher in few days again .
and yes i'm following since last 5 days and you are doing great job and you are letting us inform about every crypto news.
thanks for giving your precious time in this regard.
i'm also a big fan of you and your follower.
want to be a steemian like you one day...

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femiandrew (56) · 7 years ago

GREAT WRITE UP

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aowal202 (45) · 7 years ago

Hallo @exyle ....I really enjoy your videos and positive attitude. I wonder what is your target price you start to power down part of your STEEM? I personally would go totally mad if STEEM goes back to 1 USD after we had this huge increase to 6 -7 USD.

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ezimedia (36) · 7 years ago

The past 2 hours was a blood slaughter... before that it was just dripping red.. then the flood came but I think now the bleeding has slowed and there is a little green on coinmarketcap.com but for how long and how high it can go I have no idea... but for the people that had money and bought at these low prices , a huge contrags , and for the ppl that held and did not sell all HODLs to you.... remember... sell high and buy low.. Lets all go up from here..

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steemphotography (55) · 7 years ago

with that i think sbd will go back to the dollar mark i think huge correction this is not for faint hearted people

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practicaleric (66) · 7 years ago

I think this is just a correction and an opportunity to buy more bitcoin/altcoins. Soon bitcoin will rise to 20K and over. Have a great day ahead :)

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aqeelshehzad (49) · 7 years ago

this time in light of the fact that your post looks great to me. I see your post okay. I extremely like your post.

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trumanity (60) · 7 years ago

Hope you didn't lose too much today. Good video and a positive attitude.

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sadpotato (58) · 7 years ago

Yes, I think you're right, we should diversify our portfolio and wait a little bit.
But everything will be alright with Bitcoin and with steem.
it's just a casual correction! :)

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aitbilal (50) · 7 years ago

Thank you always for coming to us with all that is new and wonderful, good luck brother @exyle . Can you view the articles I publish, I hope you like it

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brainceo (6) · 7 years ago

its backs up as an individual the best thing about crypto it gives freedom to explore more opportunities in life i just love crypto for that thing this is just a little downfall will be up soon

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stadex (50) · 7 years ago (edited)

Communists and capitalists both want to control money because money is power. Crypto currency is dangerous to them because because of decentralisation and anonymity.
They will use the argument of fighting terroriam and mafia to attack crypto. And the sheep media will go along with that no questions asked. The issue of human rights like privacy won't come up even 1 time unless 1 steemer brings it up. One day they will want to install a chip in bank notes, coins and walleta so that when you give someone cash in hand it registers in some central bank computer. Then you end up being spied on and or raided because some criminal asked you to exchange a 20.

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schattenjaeger (71) · 7 years ago

Capitalism means free trade. Free as in voluntary. You only control your own money in capitalism.

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hms818 (61) · 7 years ago

Diversifying is always the best strategy, glad to know you took right decision at the right time... I guess this is another great opportunity to buy your favorite coins at cheap price...

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anderssinho (53) · 7 years ago

It is the bread of another's death. Don't know if that proverb works in english though

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easytyga (52) · 7 years ago

Yes, everything is red , bloood bath .but its a good time to make profit infact i already did

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cloudspyder (59) · 7 years ago

I was become a FOMO victim last week and I start to lost money. Its a rough day for me, my bill are coming one of these day.

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starving (55) · 7 years ago

steem will be super quickly back up but i am having doubt with sbd now the supply is increasing drastically

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richardinho (25) · 7 years ago

Man pontificating about investing in crypto currencies admits that he cashed in at the height of the boom.

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yaan (59) · 7 years ago (edited)

Nah, It's fine even though it gets on your nerves a little. It should've happened anyways because BTC grew too fast and it's not healthy.
So I think that the more swings we see the better for a healthy growth.

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azizabdi (39) · 7 years ago

good videos ... @azizabdi

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will-ugo (54) · 7 years ago

Not a good day for the crypto, but let's hope things get better soon.

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wandering (50) · 7 years ago

its time to buy it will be interesting to buy at the dips and sell at the highs i love the dips game :)

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madushanka (74) · 7 years ago

Yep....Its not good today to more cryptos. BTC, ETH, EOS etc...all ones down from high percentage. Its down more some government regulations. Too bad situation. This is a time for buy and pay some bills use cryptos. Waiting to see next rise up.

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noorijaz (46) · 7 years ago

i m your regular post reader,
Keep writting great
Stuff and Stay Blessed!You are really a good script writer
I appreciate it once again that I understood where I should see what you wrote this post.It's Interesting post,
kept me engaged

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cutiepie (58) · 7 years ago

turning some profit into fiat is always good you never know which side of the swing will hit the market so better be safe and in profit :)

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josediccus (75) · 7 years ago

I nearly had a heart attack seeing SBD rate I wanted to pay a few bills but what I saw was too dropping 4???

It's ridiculous but what can I do, I just have to keep watching out, thank you for this

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adnanrabbani (70) · 7 years ago

Excellent video friend and i must say that trying to stop crypto growth is just like trying to stop rain impossible, it's true such dips are part of cryptos and we see many times before such dips happens so i think it's time to buy back again on dips and then hodl and wait because cryptos has so much potential and bright future ahead and we surely see more green days in near future, thanks for sharing your nice thoughts with us, Friend, Stay blessed.

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