I'm fine with btc crashing below 6k but can we freaking at least decouple this shit from coins that matter?

in steemit β€’Β  6 years agoΒ  (edited)

My steem portfolio is pretty much taking a poop right now. I might have to start begging for upvotes just so my pay checks wont leave me hanging. :/

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order: Β 
Β  Β· Β 6 years agoΒ 

coins will have to set them apart themselves. so far we are still in the btc dominated market so everything shakes when bitcoin shakes. most of the time the price fall is not because of bitcoin its because of some regulation or a news that effects whole market.
your pay checks depend on it ? how much do you earn and do you rely on your author rewards as i dont see any delegation. you must be required to post 10 times a day

I am also an indie game developer and I placed myself in a situation where I have as few costs as possible. I am powering down about 50 steem a week and have other coins to mix in for emergency funds ect. I dont post 10 times a day but I do Dlive streaming and post fairly often. Steem has been a really great platform for me.

Β  Β· Β 6 years agoΒ 

aha. why are you powering down, i was under the impression that steem is the best for this kind of market situation. i was doing trading manually and i have developed a bot to help with some stuff in trading and in steem. in such a bearish market which spans over several weeks i was actually going to power up.

I need the money for life reasons. And I am earning roughly the same amount back from content creation anyway.

Β  Β· Β 6 years agoΒ 

oh i see. its cool then. i was just wondering if its a different strategy i am not aware of.

Nah, I am doing things mostly in a straightforward manor. Using the voting power I have to encourage stuff I like to see and trying to keep it as real as possible.

Β  Β· Β 6 years agoΒ 

yeah this is bad, on the other hand it is a great time to buy :D
Here an upvote :D

Β  Β· Β 6 years agoΒ (edited)

That's funny you mention this on steemit. I've noticed steem and sbd don't keep up with the other currencies.

I think it's awesome because even if the coins value drops, we will always have some reasurrance that we'll be back on track to the sbd price peg. Most people don't seem to notice how effective the blockchain's design is.

Β  Β· Β 6 years agoΒ 

yea it is excellent design. the power up also helps keeping it relatively stable as it does not allow quick dump.

Yeah its kind of crazy, if the market completely dumps then SBD will still be safe value wise.

I think BTC is going to decouple this year.. or hope..
My (highly speculative) theory is that Bitcoin will continue to drop, but at some point there will be a turning point where some of the alts no longer drop alongside and have bottomed out before Bitcoin. The reason being that some alts are solid projects with upcoming excitement. If there's real value and potential there, then at some point buyers are going to protest against the dropping price and buy the tokens up because it's simply a good investment and crazy cheap price.

I know I'm starting to feel hungry to buy some of these bargains, in any case. I will wait a little longer before buying, but it shouldn't be too long now. Need another 20-30% drop before I buy, I think (for bitcoin anyway)

Β  Β· Β 6 years agoΒ 

Here, have an upvote. I know it's only 3 cents but still.

Don't feel down too much, a decoupling will happen eventually!

3 cents is actually not as bad as it sounds.

Β  Β· Β 6 years agoΒ 

At least it's not just my two cents.

It's gonna be rough but I hope the pull back comes soon. I reeeeallly don't want to be in a situations where I don't have good resources to do the things I want, but if it drops much further then... oof.

I wish alts would go up as BTC goes down, but they tend to double down instead

yeah everything dumps when BTC dumps.

I am fine uncoupling on the way down, but can we re-tether when ​it rises ;-)

Sir you are my inspiration right now
Doylet yourself fall in false hope and tension of these things. You will get what you deserve. My late grandmother used to say this to me that whats is in your fate will surely come to you no matter what the consequences are or will be but just don't ever lose hope and always believe in your self

Hi, I'm new to this platform. God bless your work and keep growing physically and mentally, I hope you go through my blog and follow me @carlosdap11 I follow you too

Source
Leaving comments asking for votes, follows, or other self promotional messages could be seen as spam.

More Information:

The Art of Commenting
Comment Classifications

Β  Β· Β 6 years agoΒ 

You have said the same thing to multiple people now. Hell, you're not even following him!

Begone, knave! And take your flag with you!