I mean, don't get me wrong... I love the fact that alt's have a tendency lately to hedge BTC and ETH... but damn can't we have some kind of asymmetric correlation like in a good old fashioned bull-market? e.g. correlation on down moves is negative (GOOD) but correlation on up moves is positive (even BETTER).
Of course that would mean STEEM ratchets up with every volatility spike... A trader can dream...
As it is, definitely seems like there's a steady flow of coinage headed towards the exchanges. I will continue to oppose this flow for the time being, or at least until I update my internal latent state when new information arrives.
STEEM/ETH
Suffer these fools...
This kind of price action is an excellent example of why you need diversification. If you were totally in alt's today, then you might be in a pretty bad mood even with the general rise in the big market cap cryptos like ether and bitcoin.
ETH/USDT
Meanwhile, the big market caps are rallying
My main day to day focus continues to be ETH, STEEM, and EOS, although I am curious to hear anyone's thoughts regarding Agrello (DLT) which has been called to my attention by one of my more speculative algorithms. I'll be honest, at this time I don't really get the direct reason why their token has value, but the dev team seems to be in the middle of some interesting sounding things like this whole ILP concept... so their might be some indirect or future value but for right now the jury is out but I'm def digging a bit deeper into how this all fits together with their token...
This is why you keep some of your holdings in a stable currency such as btc. So that when market goes dud, you can buy up cheap Alts at no consequence.
I personally love dips as it allows risk free accumulation.
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Today was a fucking disappointment, all my investments of importance have not done shit. And the day was extremely bullish. What the fuck, seriously?
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yeah i feel u... price of diversification is what i keep telling myself
now that ether is pulling back a bit the alts are stabilizing at bit as well... see if that continues
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Fuck man, makes me question if my investment in steem was a grave mistake, among others that already has ruined me.
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Oh, man. I yearn for the days of January 2018 when the STEEM price was $7.30. There was so much hope and optimism in the air and now, I don't know what to make of things.
At least things are a lot better than they were in early April when I was convinced the STEEM price was going to drop below $1 and thankfully didn't. It got close though.
I think in the long-term, the only thing that is going to make the STEEM price more stable is growing the userbase of the platform, improving the content and solving some of the fundamental issues that the Steem platform has.
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in total agreement here... its interesting u bring this up cuz @lionindayard and me were having a few conversations offline talking about long term scaling of STEEM network... he just wrote a post talking about his views on the subject here which echo a number of my own concerns, especially the onboarding process and how we scale the network to the traffic / user volumes of traditional social media...
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I agree the platform has issues that need to be addressed but this won’t stabilise the price. Crypto is volatile and will remain so until the entire space is much more mature (and probably at much higher levels). At present all prices are based on speculation!
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who even trades steem/ether
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Today it was lousy to even check, but that's life in the crypto.
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all part of the game
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I look forward to a time when each project is assessed on its individual merits and not on the fact that it smells like crypto so must be good/ bad!!
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Yes, Steem is really undervalued and many Altcoins are in that list because, there is particular reason behind it and that is Bitcoin and Etherium are the giant coins of the Crypto market and people prefer to use these as liquidity so they sacrifice their Altcoins for the these two Cryptos, means they sell Altcoins and buy these two coins or they just covert it, but in my opinion Steem is really undervalued and as an whole economy Steemit should get more repo and the liquidity of Steem and SBD should increase to greater levels. Thanks for sharing your thoughts and analysis. Wishing you an great day. Stay blessed. 🙂
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Crypto currency is developing rapidly. This is a good news for people who know how to use it. But for banks it is a big competition. The banks will have less profit. You have created useful information for many people.
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Nice chart analysis!!!
Here is the my analysis for STEEM / BTC.
https://steemit.com/altcoins/@rtytf/steem-btc-5-1-18-is-downtrend-in-steem-just-getting-started
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Lol selling and buying are part of the cycle. Filters out the weak hands.
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yeah, i'm hoping this is mr market shaking the trees a bit...
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I hear you - it is kind of a pain in the @$$. But, if it wasn't hard to keep your portfolio balanced, everybody would be making a $#!t-ton of money. And, we aren't all doing that - we're just trying to make more than we lose.
STEEM and Steem Power present a unique challenge: Power Up? Or, keep it in Steem Coins so that you can take profits when STEEM is having a spike? For me, the choice was clear: Keep 100 SP at all times, use it to generate some profits, and take them as they come. This week, it's about 5 STEEM for me. So, about $19 after I exchange it. But, what to exchange it for??? Cash? Alt-Coin? Ether? BTC? The decisions are endless.
This is where good TA skills come in handy. I just go and look at Coin Market Cap, see which ones look interesting, narrow down my choices, update a few TA charts, and put it into a coin that is on the lower side of its' channel. This requires daily attention and trades. And, some of those trades are going to go bad. So, how do I handle that? Well, cut losses at 5% and take profits anywhere from 10% to 30%. This may well limit my maximum profits, but it is a strategy that keeps me doubling my money ever y 2 -3 months in a bull market, and making about 10% profits in a bear market. Little by little, it stacks up.
But, it's only digital air - not real. So, every so often, I trade some BTC for silver and/or gold bullion. When it's in my safe, at home, then it's REAL.
How big is your stack? Mine is getting bigger - and that's the point.
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Nornal volitiaty. ..looking bullish ahead tho
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Market every day in high and low
Really does not prove the end
The graph is very cool and really explained
I wish you success, my friend
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very good analyse @marketstack
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You're right. It is necessary to be well able to understand the exchange trade. This people have been studying for many years. Thank you for the information. I follow you.
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Despite of meetup with gopax and steem, steem was not going up...
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세계 최대 암호화폐 Airdrop플랫품 Gift.ONE에서 토큰을 에어드랍중입니다.
현재 1GIFT=0.2$, 로그인하자마자 100 GIFT 받기!
매일 출석하면 비트나 이더 등 다양한 보너스도 받을 수 있으며,
추첨 이벤트 참여하시면 100000 GIFT를 받을 기회가 있습니다.
아래 링크로 받을 수 있습니다.
https://gift.one/i/72JPvY
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Coins mentioned in post:
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I'll find time to catch your updates and information on your post, I believe this thing will help me understanding on trading, crypto, finance and all. I really.dont have that broad information and understanding those, you'll be a big help I know. Thanks for the share. God blesss
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I hope you will find the solution. hopefully your efforts are not in vain. the spirit of my friend, hopefully your day is fun.
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This market is like that has its variation.
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Nice chart, 😊
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I have about 80-85% in BTC/ETH right now.. After Sept/Oct fud leading up to the bull run I've had alts on such a short leash.. right or wrong I feel lately I'd rather miss half of the top of a runup over being stuck out of position. I'm new to steemit so maybe I'll become more bullish on this once I know how it works.. great post btw @marketstack
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Market can be confusing at times I get lost in it as well.
When you thought it's going low, boom it's up and vise versa.
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Good point
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What's wrong with you.
If the point is good why not upvote it.
Why use my post as your own way of making money cos you've got em steem power.
Pls stop this madness of upvoting your own comment on other people's wall.
Go make your own post.
Thank you
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Thank you for ubvote
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Crypto currency is developing very fast though Steem is currently undervalued.... hope it will fastly grow
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Hey @marketstack ! Thanks a lot for your upvote !! :) I appreciate that!
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Coin trading can be so confusing, like stock market. I've seen a company's stock soaring high while their chief CEO was prosecuted.
Good coins get stuck for no reason or never-heard-of-coins skyrocket....crazy market we have.
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In this situation, I am frustrated....
But be cool... Because i always hope that within this year
steem price exceed $10 ..@marketstack
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You have a good perspective about the cryptos and the one that is more of our interest the steem. Thanks for supporting my post.
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Thanks for info.
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That is sad to see such stuff happening on the market.Hopefully bull will come back soon.However I think thats just fleeting stage before our bright future.I keep saying HODL for the profits guys 📈🤗
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My friends converted his 11 steem to eth :/ now it has left just eth worth 6 steem :/
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I'm really impressed with the look that the picture is very beautiful.not even a refreshing picture,but beautiful.
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I think what is a downfall for most people is they, like myself, don't understand the stock market let alone anything about the new emerging crypto markets. I am just now after four, five months just starting to understand the differences in Steem, Steem power and SBD. That comes from reading different articles and opinions until several of them together shed the light.
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