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gaitan (55) · 8 years ago

Believe me: Just write and keep talking with people. Don't think about the value of the account. Steem was over 4$ last year and it dropped to almost nothing. By the end of this year, 10$ is not that far.

Accumulate now and be happy later. No matter what the value of STEEM is, you get paid the same amount of STEEM for an article. Building an audience is the key. When STEEM will increase you will make at least 2k a week.

I'm also planning on writing more. I have some ideas, the only thing is to find time to publish.

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bola (67) · 8 years ago (edited)

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gaitan (55) · 8 years ago

I should make a weekly special with selfies and pics with cats, for when those yt and fb users will get here. It will be a blast!

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rokasltu (49) · 8 years ago (edited)

In my opinion it is just regular correction

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saiku (57) · 8 years ago

Major dump triggering others.

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anforo (56) · 8 years ago

Hundreds of cryptocoins are trading against bitcoin, why do they all have the same pattern.

Very good question that bothers me a lot since I'm in cryptos (April). There are loads of new platforms, ideas and blockchain models, why can't they be a locomotive power of the market, why can't they let Btc to take some rest? Dependence of BTC decreased to 40% and was 30% but the hardfork is unescapable! Why? Sounds like a childish question but there's the true intonation I ask this question with :)

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satoshimoto (46) · 8 years ago (edited)

well, to answer your question in laymans terms, most people are in crypto now as an easy way to make a quick buck, the alt-coins fluctuate faster than BTC in % vs investment, but it's not easy to move money from alt coins directly to fiat, so they have to trade through BTC, obviously if everyone is pulling out investments from alt coins and BTC you going to see similar trends across the market. take advantage of this moment to buy as with every "correction" we tend to see a higher floor than that of the last correction so basically you are unlikely to see alt-coins at these prices again.

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anforo (56) · 8 years ago

Thank you for deliberate answer!)

bola (67) · 8 years ago (edited)

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satoshimoto (46) · 8 years ago

well, it does, but it's not the driving factor on crypto projects, if you look at the effects on most of these coins, whenever progress is made the market reacts, but the market can and usually (in these cases) also "over-react" as with most new volatile investment markets people are looking at the trends only, without even bothering to look at the company, they see a familiar trend, they ride it while it's hot, set their stop losses and then pull out as soon as it starts to drop. this is where the market correction comes in, once all the pump and dumps are over, most of what you have left are the "hodlers" and when we look at the lowest value of each correction you see the true trend line which likely reflects a much more accurate value of the company, or crypto coin, this value tends to move upwards as the market grows.

Do yourself a favour, pick any good investment you have and blot the lowest points after ever major correction on a chart, then draw a line over these by month, now look at the release notes of the project as well as any events that have taken place, now label these events or release notes as either positive or negative in your opinion for the company, place these opinions over your chart and look at the base value of your project now, see if its inline with your opinion of the company then make a decision based on those findings.

bola (67) · 8 years ago (edited)

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wannerbet (39) · 8 years ago

When the Entire Marketcap drops (coins get exchanged for fiat ) .. All coins drop will be proportional around $10/15 billion has left the market entirely in the last couple of days due to some whales cashing out profits. This is normal and once the prices stabilize the upward trend will continue.

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cryptographic (64) · 8 years ago (edited)

I tend to agree. There was a time when alts traded inverse to BTC back when it was much more of a closed ecosystem - "money" went back and forth between alts and Bitcoin - but things have changed, especially since the beginning of 2017, and there's clearly a dominant fiat-crypto relationship now in play. Now when there's serious profit taking, everything gets hit.

This is also one of the main reasons why the selective, rotating P&D game is also history since the fiat to crypto influx is just too much for the legacy whales to handle and sort out. Today pump and dump happens across the entire market as fiat comes in and goes out, which I don't think is a reflection of manipulation anymore either, rather a reflection of mass psychology as buyers and sellers skittishly react en masse to price changes they're not fully comfortable with in what they view as a highly speculative environment.

bola (67) · 8 years ago (edited)

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panknil (52) · 8 years ago

I believe this is just a correction. A good correction means a next high...

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festus-ogef (40) · 8 years ago (edited)

It's the correction period, there are more people in the market, it will soon regulate patience

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steevc (73) · 8 years ago

I'm no expert, but it seems people are trading coins with no real analysis of the differences. I hope Steem can prove itself and overtake some of the others

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timvinh.com (35) · 8 years ago

As a trader, I don't care much about if all coins go up or down in "conspiracy". Opportunity for making money is in both directions. Yes, for investors, this kind of market behavior is a bit concerned - it means all positions in a portfolio are in red if prices go down.

ylgv (52) · 8 years ago

I like seeing when almost all coins are in the red lol, gives me a chance to buy some cheap coins.

vegetarianbaker (58) · 8 years ago

I really wish I knew about all of this. :) It's a whole new world to me.

ibrahimmurtaza (43) · 8 years ago

oho thats bad

isacoin (64) · 8 years ago (edited)

Bitcoin price decline is due to Global markets rallying :

Selloff of Italian banks for $19 Billon announced Sunday.
The price of oil and futures rising.
Source:Foxbusiness

Gold recovering after selloff Monday morning at 3am of $2 Bill dropping price $1255 -$1235 Spot=$1245
Source: Zerohedge
Chinese markets rally on inclusion of A-Shares in stock index of which MSCI will have 5% share
Sorce: South China Morning Post

jhcooper7 (55) · 8 years ago

There's been nothing but red candles in the crypto space today. It's a shame, I think a lot of people new to trading crypto are going to be scared off unfortunately.

I think that's contributed significantly to the downfall of ETH.

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dwhntx (52) · 8 years ago

I would like to see independence of the coins. Everything tied to Bitcoin is not a good thing. I think as markets make moving USD in and out on the alts easier things will get more independent.

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oliverstoney (56) · 8 years ago

It's a good day for me I'm shorting

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cryptotraderx (52) · 8 years ago

after every dump there comes a pump

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cryptotraderx (52) · 8 years ago

followed! great post

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donank (25) · 8 years ago

We will make it just hodl lads :D

starline (56) · 8 years ago

This is good!Finally i can buy something.For the last month or two i stoped trading.Nothing to buy,all coins were high.This is heaven for traders! :))

persona-dynamo (36) · 8 years ago (edited)

Bots. It's why the market moves in tandem according to btc price. An institutional investor, or a collusion of smaller investors is pumping then dumping. Exchanges do not make money with low volume. Bitfinex and Poloniex seem to be the scammers colluding.