Hello everyone
@samiwhyte here
The news about the price drop of Steem and SBD is ranging all over the place. As day goes by, cash out is dropping and people are getting more discourage in the stystem. You wake up every morning to see you posts drop in expected cash out and when you cash out you change your SBD at a lesser rate than expected. Even the so called lovers of the blockchain are getting inactive. But this is not the end of rise of steem , duo SBD has been predicted to drop but steem has a brighter future.
This is not just a steem or SBD problem, as most cryptos are swimming in red, behind every jump is a fall. Sometimes a fall is needed to gather momentum for a rise, bitcoin once dropped from 5000 to less than 3000 in September 2017, in few week we saw bitcoin touch 20000. Sometime this low price pave way for more investors to come into the system.
To measure success, we must check where we are coming from and where we are currently, steem is it lowest today but not as low as it was in 2017, we once had steem less than a dollar and SBD a little bit above one dollar. The steem blockchain is in a momentum gathering phase ready to blow up. No one knows when this will occur but we are certain it will eventually this year.
The early adapters of steemit will eventually reap big time from steem, rather than count the losses due to low price, we should spend time building the blockchain. Soon SMT and other features will be lunched on the steem blockchain, the masses will soon folk in as well as investors. Steem will be a treasure and those who has it will leap for joy. How far we can see, determines how much we can invest, rather than counting losses, take advantage of the system by investing in steem and also getting more investors.
buying opportunity right here..see my post this a.m. Cryptos may head a bit lower, but will be dramatically higher down the line...(and silver!) in my humble opinion..)
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Wow
Great amalysis
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After every fall there’s a rise, since many crypto investors consider these low prices to be a perfect opportunity to buy, which will Make the prices go up again.
Many (new) steemians aren’t familiar with crypto or market fluctuations, so when the prices go down, they panic and try to get out with as little loss as they can. That’s why I think people should be educated about this part of SteemIt. What comes down, will eventually go up again...
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Yeah
You are right
More education is needed
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You are right, though Morales are dropping, it is certainly the best time to invest in Steem, personally i don't know much about crypto. But i know it is a huge profit to get something when the price is looooowwww.
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This is one way to reap big time
Let's trow the investment in
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Ooh this thing has been a very big hurdle for us. But better days ahead indeed
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Yeah, we have to look at this
Thanks for dropping by
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by samiwhyte from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
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