Many will say that it is a bit selfish of me, although this is really bringing problems with the social network, it is true that we all have the opportunity to belong to this project, but the question is to know how to take things with intelligence , and do not do stupid things.
I will not say what this is, we all know what the vast majority is about to know, in this social network we can see that it has a system of rewards for publication, which does not have another social network, but this one. Payments are made with the cryptocurrency called STEEM/SBD.
For the value of this cryptocurrency to rise there must be a movement in the market, there must be a large number of blocks, the more you buy the currency the higher it will rise, as long as the divergence is high, there are long days and short days in our sails which can be in bearish or uptrend trend.
And what happens with this, that means that if more people come to Steemit, the currency will have a higher probability of going up?
Well, that's right, you are right and in part this is the only good thing that can be rescued from the fact that the community is growing by leaps and bounds; In December the value of Bitcoin reached a historical value which made all the cryptocurrencies increase their value, and the great publicity of this project was one of the values
for the SBD to reach $ 17, but this had a consequence that not only was presented that month, since one of the factors of the descent was the Bitcoin down, but there is another that escapes us.
And it is that everyone who enters the community of Steemit is a person without knowledge in cryptocurrencies, only with the intention of having extra money, in part the vast majority are from my country I believe that in Venezuela this spread too much fast because an unidentified individual was advertising Steemit on a radio, for those days the price of this coin was $8 and of course, everyone came to see what it was.
Cryptocurrencies always present bullish and bearish trends, and any new individual in the world of cryptocurrencies would sell their STEEM/SBD as soon as a red candle is presented, because they have the uncertainty of losing their money, there is a fear of loss in all it is true. But one of the reasons that cryptocurrencies drop every day, apart from the Bitcoin downloads, and the prohibitions of them are this,
And it is that everyone sells their STEEM/SBD when it goes down a few cents, the more they sell the lower currency. Nobody will want to buy an expensive product that does not work! True? Well, this low, since everyone is selling. Actually, this is the time to buy, not to sell and be carried away by absurd thoughts that go down even more, because it is true, continue to go down maybe, but do not be part of the ignorance and stupidity of the rest.
People may have invested their money and are having losses due to the amount of sales of STEEM/SBD, as a result of the people who sell barely they see a red candle, because they think everything will go downhill. Lately the social network was controlled records, since the confirmation numbers for the accounts were not arriving, I do not know if this had to do, the truth is that it is better to learn a little about the cryptocurrencies, before selling, and that these are long-term projects and the idea would be not to sell like crazy.
Everything new is well forgotten old?
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Wonderful and inspiring, keepp it up. Is always good to learn everyday
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I absolutely agree. People need to remember, this is a beta. The goal should be to expand and enrich the platform for the betterment of all of us, not save a few bucks by lining your pockets early.
I do think, or at least hope, your view of new people on Steemit is wrong though. I know for me it's not about the money - I'm a successful cryptocurrency day trader, that isn't really an issue. My only goal is to reach people and in so doing help them and change their lives. Will this help me too? Sure, but that is ancillary - I'm a former Quora writer. There are no rewards there, yet tons of people still contribute breathtaking content. I have to believe that it's the same case here.
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You calculate a gain or a loss only after you sell.
Till then, it is just theory.
I believe that most members of this platform are not here to speculate but to earning some money while learning, interacting and providing to the community.
I don't care about crypto rates.
Thanks for your article.
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