Micro Look At Bitcoin &amp; Effects It Has On Altcoins

fulltimegeek (67) · 6 years ago

Hey Dan,

Could you please look into the current situation I'm having with @themarkymark? I see that you have him voted for witness.

He refuses to refund me 60 STEEM and even sent it to @null out of spite. He's an admitted thief and shouldn't be in the top 20.

What do you think?

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theycallmedan (75) · 6 years ago

First off, I have not had the time to research this and have not spoken to you privately, feel free to reach out to me anytime on discord:dhenz
I am not in a position to pass judgment on how someone runs their business, and you are free to express your dissatisfaction of his services and not use them and tell the world not to use them, that is your right obviously. From talking to Mark, they have a TOS about bidding on spam and that is apparently what you did. (Put yourself in my shoes, I only have the info in front of me.) I give both of you the benefit of the doubt because I know you both want what is best for Steem and have long-standing reputations.
I will say Markymark has always been very helpful to me, and I always get back constant feedback that he is a very valuable asset to steem with his knowledge, skills, and availability. While I pass no judgment, I will say my opinion is this should have been handled better, and lets set emotions aside and do what is best for Steem. I appreciate everything you do for Steem FTG, and I would like to ask the both of you, publically, if there is a way to mend this bridge and both of you work together for Steem, instead of against each other at the detriment of Steem. You both are heavyweight OGs, and when you fight the ground rumbles. Move love less hate. Cheers.

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berniesanders (77) · 6 years ago

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garudi (61) · 6 years ago (edited)

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lyndsayblowes (62) · 6 years ago

Can anyone really trust someone who believes the Earth is flat and hosts aliens inside it that use elevators to access their secret lair?

Does anyone need any more evidence than this photo that proves @fulltimegeek is a whack job?

"

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jongolson (74) · 6 years ago (edited)

yeah man!!! that’s funny you mentioned the 10 year test.

this time last year i had my hand in dozens of coins. but when push came to shove i just didn’t see the use case in the future. so much fluff like you said

steem. bitcoin. that makes sense. today and 10 years down the road.

great reminder man and great way to look at investing in crypto.

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6 votes

stackin (78) · 6 years ago

Stack Some of that EOS also 😉

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jongolson (74) · 6 years ago

man i know nothing about eos lol and wasn’t here when dan and ned broke up lol

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stackin (78) · 6 years ago

It’s dan 😬

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mindtrap (74) · 6 years ago

Nailed it mate. Again.

Those who see the potential, in ten years from now...they will have a throwback and a big smile on their faces.

There are pretty cool projects out there and of course so many garbage too but the ones that have a community behind them will survive for sure.

Did anyone expect that BTC will hit 20K mark when it was worth a couple of dollars? Hell no. Did that happen in an afternoon? Nope.

Strong projects will have the same fate....they will go "from absolutely nothing...to the top" Those who have the clarity to accumulate NOW....oh boy........huge smiles in a few years.

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5 votes

wolffeys (56) · 6 years ago (edited)

Interesting insight with the 'head-under-water' analogy.. BIG MONEY could definitely be controlling the price with the aim of #accumulating as much as possible..

I imagine a #tippingpoint will come, and the price will jump to reflect true #value.

Looking ahead 10 years is difficult in such a new and explosive sector.. But I agree with the sentiment! #KnowledgeAccumulationPhase

Thanks, @theycallmedan!!!

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denmarkguy (76) · 6 years ago

Things are definitely changing, or at the very least consolidating. Appreciate your thoughts here...

I think we have some unique challenges in cryptos that we haven't faced in other financial markets... one of them being that there probably still is lots of "dumb money" either still IN the market, or sitting on the sidelines with this expectation that "Investing in Cryptos" has something to with "putting in $1,000 this week, and then you have $4,000 next week." And they are basically a bunch of nervous nellies who buy and sell at the drop of a hat... or on the slightest rumor.

It's not really investing, it's more like playing the lottery. Of course, could be that I am just old-fashioned... I cut my investing teeth on tech stocks in the 1990s.

We're still quite a ways from the idea of crypto investing as a value play for the long term, I think. And perhaps we can lay "blame" for that on the reality that people are currently investing in "the technology" as a thing that exists separately from an actual business model.

Can these things exist in the long term, without some sort of plan for how they are going to be income producing?

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theycallmedan (75) · 6 years ago

During the dot.com bubble, it would be very hard to pick the googles and amazons during the chaos. When the dust settled, it was easier to see a clearer path.
I believe we have evolved as a society in terms of investing to be more potential oriented. Facebook was worth billions before it was even monetized. Its the idea of reasonable value is there and learning to extract it down the road. With cryptocurrencies, at least for me, it is easier to see ten years down the road when comparing looking back just ten years ago. Time will tell as it always does.

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13 votes

chireerocks (72) · 6 years ago

@theycallmedan, In early stages people hold the news of Bitcoin in Bits and Pieces but after the Bull Run in a way everyone tried to master it but Bear Market sent many back to school thing. We have to see the path of value because money is not ultimate value but value creates money and wealth. Let's hope that in this new era people will going to find their hidden gem opportunity to boost their life. Stay blessed brother.

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mikenevitt (62) · 6 years ago

I’m slowly stacking at these prices plus I’ve got patience, good video mate . Thanks mike

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4 votes

thecryptodrive (70) · 6 years ago (edited)

Ah I see you were coming to the aid of @gtg who fell out/close to fall out of the top20, no worries he needs it more than me. Thanks for helping him!

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midgeteg (61) · 6 years ago

Awesome ways into investing dan!

prasasth (59) · 6 years ago

Yeah. It is time for us to play according to the market. The price of most coins are near their all time lows so it's best to accumulate them and wait for the bull.These new financial investor are testing the patience of the crypto community so hard.

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priyanarc (76) · 6 years ago

Best time to Hold steem, best time to hold crypto currency i think... Market price can be change anytime...

sharpshot (65) · 6 years ago (edited)

I agree that the dumb money is likely to save more cryptos than some people think. I was around for the dot.com bubble and almost everyone was buying into that. Most people haven't woken up to cryptocurrency yet. I think the real bubble will be when almost everyone is buying. This could be different to the late nineties, but its human nature to keep doing similar things, and I doubt that's suddenly changed.

rebeccabe (63) · 6 years ago

I agree times are changing.
These are very interesting times. I too believe BTC is here to stay.
Thanks for the talk. I ran it at 2x speed and understand you just fine.
:) Happy Valentine's Day!

stackin (78) · 6 years ago (edited)

I’m lookin’ for that bottom! Still picking up very small amounts on those big Bart Simpson red days 🤣 #Resteemed

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6 votes

nonsowrites (70) · 6 years ago

Will steem be here for 10years?

I was having a conversation with a fellow steemian today and I think our discussions touched this a little. Right now steem is the only coin I own that matter to me and a lot of people, despite the small size of our communities and our many limitations, steem does matter to us, and for me that's one sure indicator that we will be here for a long time. Many projects will come and go; the whole ecosystem might even have a total facelift but one thing I strongly believe is that we will survive.

It is nice hearing you speak, it gives me hope in this platform and crypto in general.

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theycallmedan (75) · 6 years ago

The nodes keep getting cheaper to run so the blockchain will only become more efficient. As long as we have witnesses that will protect the chain, STEEM will be here forever.

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6 votes

icedrum (70) · 6 years ago (edited)

Hi Dan,
Great vid - I total agree: the crypto train can not be held back much longer! I do belive that BTC has in fact bottommed and is now slyly going to wobble it's way upwards! While the masses will be laddering into their short positions (with their newly learnt Bitmex shorting skills haha!) BTC could just keep on rising now! This would be a new reversal pattern for charting history... but I suspected it would play out that way for maximum shock and awe when it flies! When good traders are in effect it can be hilarious when you know their games - limping and looking like they are ready to fall hard while consolidating for days - I find the volume and the trade history truest indicators often.

DCA'ed Upvoted and resteemed :D

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ainonkanza (52) · 6 years ago

Waktu adalah uang,jadi kita tahan kan dulu steem ,karena pasar bisa berubah setiap saat.

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themadcurator (67) · 6 years ago

ǝɹǝɥ sɐʍ ɹoʇɐɹnƆ pɐW ǝɥ┴

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9 votes

newageinv (70) · 6 years ago

The institutions will not be able to take over many of these assets as they have in the past like gold and silver as this is too decentralized which is the foundation of the movement. Look at JP Morgan trying to move into the soace with there own space only to be singled out at the end as a fool for thinking they can control a currency.

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luppers (63) · 6 years ago

Great video, love your thoughts. Thanks for suggesting at x1.25 speed.

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redouanemez (69) · 6 years ago

Everyone expects the price of the BTC to fall further to be able to buy with a small price, and once people start buying the price will rise rapidly, so a long-term investment will certainly be profitable.

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Valentine challenge - Love is in the air!

steemitboard (66) · 6 years ago

Congratulations @theycallmedan! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made more than 6000 upvotes. Your next target is to reach 7000 upvotes.

_{Click here to view your Board}
_{If you no longer want to receive notifications, reply to this comment with the word STOP}

To support your work, I also upvoted your post!

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You can upvote this notification to help all Steemit users. Learn why here!

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alokkumar121 (76) · 6 years ago

I think it's the best time to buy cryptocurrency as much as possible and even steem must be in portfolio. Market is already at the bottom and there is rarely any chance for to dip further. Am not sure about the time but soon we can see the pump in steem and other Crypto prices. Thanks @theycallmedan for this nice and detailed video.

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jephambl (38) · 6 years ago

it seems to be a good analysis : dumb money will still maintain the price of some low value coins...the number of dead coins is not an indicator of the bottom. Thanks for this analysis of this very special market, the first of this kind to be accessible to retailers

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wonderwop (66) · 6 years ago

Thank you Dan for all you do to help our platform. 🙏

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direwolf (65) · 6 years ago

I didn't know the OTC volume is bigger than on the exchanges.

I learned something new.

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farhana-yasmin (44) · 6 years ago

That's a great investigation I like it @dan..
Thanks for sharing your post..

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anshul1 (50) · 6 years ago

Do think sbd will ever go ahead than bitcoin ?

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thecryptodrive (70) · 6 years ago

Hey @thecallmedan, just lost your witness vote, was there a particular reason for the unvote? Just so I know whether you disapproved of anything related to me.

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theycallmedan (75) · 6 years ago

I saw you had hit number 1 (congrats btw) - when that happens, I shuffle my vote to some other witness that may be in need. In this case, it was @gtg on the ropes, so I voted for Gandalf. Keep up the good work, it doesn't go unnoticed, and thanks for everything you do for STEEM.

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8 votes

thecryptodrive (70) · 6 years ago

I just replied to you simultaneously :) I'm 100% for that and agree with your shuffle. Good to know your are there when we need you. Pleasure, thanks for appreciating me. I did take a screenshot of #1 for a keepsake though :)

californiacrypto (61) · 6 years ago

I completely agree with you institutions missed out on the last bull run and once they saw what crypto was capable of and all the hype it got end of 2017 they wanted in. They drove prices down as low as they could get it. If they could they would take BTC down to $100 to get even more they have the money to keep buying up more before taking it all the way up again. We hear about all the otc trading going on and announcements of financial institutions getting into crypto. Their accumulating and will continue to accumulate more and once they have enough of it after this next big bull run whenever it comes we might not see another one similar to it. Once institutions and big money are satisfied with their bag they won’t allow it to plummet the way it did in the past. Retail investors might get nervous and dump but once these guys got enough they won’t dump and if retail investors do dump it won’t make a big affect on the price as we’ve seen in the past. Which will stabilize the markets. We might not see an opportunity like this again in our lifetimes. Blockchain is the future.
I personally don’t see BTC going much lower than the last low of around $3,100. I believe its best to dollar cost avg now and not buy all at once. If it goes down a lil more you will be able to buy more for cheaper and if it goes up you don’t miss out.
Great vlog keep em coming. 👍

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fulltimegeek (67) · 6 years ago

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themarkymark (78) · 6 years ago

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popcornexpress (58) · 6 years ago

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