RE: Why Does Steem Lag in a Bull Market for Cryptocurrencies?

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Why Does Steem Lag in a Bull Market for Cryptocurrencies?

in steem •  7 years ago 

Well, in general, alt-coins tend to decline or remain unchanged when bitcoin rallies. I day trade myself, because I can't sit through downticks. I trade at livecoin.net and they delisted steam.

I don't know why. Maybe if you figure out why livecoin de-listed it we might know more. I'm not attached or a fan of any crypto. They're all just charts to me. I think steem is a good idea, but the market doesn't seem to agree with me....

Truth to tell, only a few coins will grow into what we all really want, which is a peer to peer transaction capability that MOST merchants will accept.

Like Master Card debit cards. Everyone takes them. So, which cryptos will rise to that status? Only bitcoin so far. In that merchants (a few) will accept bitcoin.

It's acceptance that will make or break a crypto. IE do most merchants accept it.

So who's going to be Visa, Discover, and American Express? There's only room for a select few in that category. My guess is ETH and LTC for Visa and Discover, and DASH for American Express.

"DASH" has a great name. Always say this to see if it's catchy...."Do you take DASH?"

I like it. But I'm a day trader don't pay any attention to me if you're a buy and hold type.

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Any success with your day trading? Science says trading is like throwing darts. Actually, darts outperform the best trading firms. So I always wonder whether people actually make any money trading...

And even if there's some minor success, isn't the HODL strategy better?