All the talk right now is how cryptocurrencies are crashing.. has the crypto bubble finally popped?
I don't think so.. sure it's been a rough 24hrs for cryptos, but it's just profit taking in my opinion. Some of these currencies, including Steem, have been up 500-600% over the last month or so. Wouldn't you want to take profits on a huge trade like that?
Look at the bigger picture:
The longer term view for cryptos like Bitcoin looks amazing! Sure, in any market there peaks and valleys..but I wouldn't be surprised if we see Bitcoin trade around $5000 or higher later in the year. Crypto currencies have changed the game. And we have one of the best: Steem! There has never been anything like this. A currency linked to a social media platform. I for one am excited about this buying opportunity. The sky is the limit!
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How do you know that it will look like it is shown in the graph? Thanks for sharing this post btw, Upvoted & Followed.
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Thanks that's the current long term view. It looks much more like an uptrend when you look at previous months and years. Followed back
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So it means that we should gain NOW as many BTC as we can and then we will have a huge profit in the future (if it will really rise to that level).
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Yes if it rises to that level which no one knows for sure, but you definitely want to buy on pullbacks. I only have Steem not Bitcoin, but I'm thinking about buying some
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I think you can say cryptocurrencies won't expire within the next 30 years or so. Personnaly I think cryptocurrencies will replace shares and every company will have their own coin, so you can invest in coins instead of shares.
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That would be awesome
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Exactly my thoughts man :) Good one !
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Thank you!
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