Still Swearing at Prices

in life •  7 years ago 

Yesterday crypto prices dropped as rumors spread about an exchange. We are still living with this market panic nonsense today. a1drjohnthumb.JPG

There are several issues to understand. The first and primary lesson is: Never keep your currency on an exchange. The third party risks are unacceptable. Exchanges can be hacked. Exchanges can fail. Exchanges are vulnerable.

Keep your cryptos on a personal wallet that is air gapped from the internet.

The other important issue is to only rely on blockchain based tokens. Steemit.com is a front end web application to the Steem blockchain. Steem tokens and SteemPower are not held by Steemit.com. The value is held on a diversified ledger called the Steem Blockchain. The value remains as long as the blockchain remains.

We thank our witnesses for keeping the blockchain safe and secure.

Anyway, below is an hourly chart of the Steem price. Swear at the ignorance of traders who do not understand the value of a blockchain.

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Here is today's beauty.

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I think crypto currencies will trend down for a while longer. Have a great day.

nice picture..for the price? crypto is kinda crashy in dip these few months

I can only pray that the steem dollar price will improve
and thank you for this useful info for us
and the picture is good for me

Looks like it has pretty good support at $2.50 which is 2.5x it's USD value around 6 - 9 months ago.

The exchange wasn't hacked it appears it was a phishing site that looked exactly like binance but had dots below the i and the a that some how got a hold of users api keys and was able to trade with the accounts.

Binance was able to halt trading and withdrawls and actually reversed all the damages to a point where nothing was loss.

amazing