RE: Steemit & Cryptocurrencies in Trouble - What Should You Do?

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Steemit & Cryptocurrencies in Trouble - What Should You Do?

in steemit •  7 years ago  (edited)

The next 30-90 days will be rough. I expect things to begin to turn around some time in May. Until then the best thing to do is to stay focused and hold on strong.

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I agree @thejohalfiles. What you said makes sense that it could be 30-90 days of more "storms at sea" as I mentioned in the video. I'm thinking that by the end of 2018 those of us who hang on will be glad we did. Of course, I could be wrong so, no predictions here.

Thank you for your comment and stoping by @thejohalfiles

how do you guys predict that? statistic methods, astrology or what???? I hope you teach me someday. And the thing is that I don't know why but my guts tell me you are right.

Predictions? I gave up on making those long ago. Well, I will make some. I predict that the sun will come up tomorrow in the east. How's THAT for a wild guess??? :-)

Seriously, I don't know what will happen and can't make predictions. I do believe that blockchain and cryptos are not going away. Some individual coins will. A lot will. I'm in HODL pattern now as are many people.

Thank you for your comment.

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Hmmm...Learning from the experts
Probably it seems the drop was synonymous with what was obtainable last year.
Great turn around was visible around May thereabouts. Until then I think staying focused and holding on is the best thing to do.

I agree with you, @mickyscofield. Now is a time to HODL rather than leave in a panic. Thank you for your comment and for stopping by to say hello.

Agreed. And it's times like these that allow us to focus on the importance of cryptocurrency and why it exists in the first place. To end central banks and with that end war. To bring great power to the most well intentioned and to replace government with self-governing.
It allows us to step back and stop being so greedy and speculative for a moment to find its true meaning. This is a great thing. This is healthy.
Still gotta shake out some light weights though. I expect another leg down and then consolidation and some serious rallying. :)

That's correct. I didn't get into BitCoin & crypto for fiat gains. I'm here for the long run. People are already shifting their focus from a mindset of transferring fiat to crypto to building a whole new economy around crypto. Buying, selling, trading, saving &, most importantly, earning in crypto. No more chasing the last of the fiat to convert into crypto. We'll just skip the fiat altogether, thank you very much. We won't need to tear down the old system, it'll just fade away as a new paradigm is built all around it.

You speak with a lot of wisdom. I think that trying to fight the current system is futile. Instead we should have something so much better that the other system just seems useless.This is a paraphrase of what Buckminster Fuller said many years ago.He was right then and that same Adidge is appropriate for us today.

Thank you very much for stopping by always good to have you visit!

Thanks to you as well sir...BIG UPs, BIG UPs!!!

Once again I find myself in agreement with you @joshsigurdson. this is much bigger than just having a currency. It is about changing the very force of what's happening in the world to give people more freedom and liberty. Thank you for all you continue to do to help move freedom and liberty forward for more people.

Eos is on fire ! Thx Josh!
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Yes. The next 3-4 months is key. I even expect there to be more downturns. It's looking every possible that way now. I believe this is very much needed for testing the survival ability of cryto generally. If these, i call them necesary evils, doesn't come now, it will come sometimes in the future.

I expect a pick-up around June......

I think you're right Apollo. It will probably remain Rocky for a little while, perhaps 3 to 4 months, before things turn around. We have to remember that 2018 is not 2017.And yes, we do have to face some of those necessary evils from time to time.Thank you very much for stopping by and for your wise comments

Well said

I agreed

That is the general consensus amongst all my peers aswell. No FUD when you look at the big picture. @thejohalfiles

@thejohalfiles Thats intresting ...Why do you think things will turn in May ? Looking at current economics I dont see much change till oct-nov

@thejohalfiles would love an ADD and FOLLOW... rebuilding the steemit UI and would love your comments to it, and support in my developmental series... thanks :)

There's no better way to approach it other than keeping the determination at high, that's encouraging. Yup, stay focused and steem on! All the best for steemit😊

we all now in April..i guess things are improve little by little.. @thejohalfiles...

Looks like that 30 days was a good call!

how do you guys predict that? statistic methods, astrology or what???? I hope you teach me someday. And the thing is that I don't know why but my guts tell me you are right.