Welcome friends to the Crypto Market News Updates and Steem for today (October 5) …
Today's Crypto Market is Bearish..... Steem is again round about SBD and towards down … Many other well-known crypto currencies, Like BitShare, DogeCoin, TenX, Bitcoin Cash, Ethereum Litecoin are all Towards down and Bearish……
(Source: coinmarketcap.com)
Bitcoin Cash is very low and is trading on 350 USD... overall Crypto Market is red and Bearish...
Steem Value on coinmarketcap.com
Let's see Steem values against some other crypto currencies......
1 BTC = 3739.82 Steem
1 Steem = .0033 Ether
1 Steem = 20.85 BTS
1 Steem = 1090.38 DogeCoin
1 Steem = .0184 LiteCoin
1 Steem = 1.14 SBD
and 1.11 against US Dollar....
I think its good time for new investors to come and get advantages of Low rates , Because these fluctuations are very temporary…
Good job, followed and upvoted u!
Welcome and many many Thanks ....
Amazing job @nazirkhyber Followed...
Bundle of Thanks @drawing-go ....
Thanks for sharing info @ nazirkhyder!
I just up voted you!
Many Thanks to you as well @mnrdev ...
I am new to the crypto world, and also a new member of steemit. Let me try to analyze the chart of Steemit and reflect my thoughts of it's price.
-The first increase in value, I would contribute to the exponential growth of Bitcoin (the yellow line on the chart). Steem just benefited from the entire ecosystem growth and grew with it.
-As the value of Bitcoin dropped so did the Steem token. Yet we can see that Steem is growing in strenght compared to Bitcoin. I attribute this to the real world value Steem has brought, which people recognized and have faith in. Value investement is allways the best investing strategy. If you need a living proof, look no further than Warren Buffet and his biography.
I look forward to more articles from you @nazirkhyber. Followed and upvoted. If what I am writing seems logical, I would appriciate you read and comment on my blogpost about the historic price of bitcoin. Have a good one :)