I woke up today to some glorious green markets. That's always fun.
I'm hoping this is the start of what I like to call a rubber band effect where the altcoins will be dragged up by Bitcoin now that it has lost a little bit of its awesome upwards momentum.
(When the momentum of Bitcoin is too strong people stay in Bitcoin and the alts stay behind, when Bitcoin stabilizes it will drag the alts up. Like there is a rubber band between them)
It will be an exciting weekend!
I'm also happy because my friend @bennierex and my mom bought STEEM yesterday and the day before @ $1.01 and it has proven to be a very good entry point so far!
STEEM = $1.14!
I talk about it more in my vlog (starts @2:00).
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nice post my friend, it's nice to see your garden looks really neat and clean and it really give nice feeling when we live in a clean garden, well honestly saying i don't know about the rubber band effect but after watching your video i think that it's great theory because when bitcoin holds at a certain point then peoples starting to look for alt coins and alt coins starts to move up hence it works like a rubber band and in my opinion it should be used as one of the indicator to detect alt coins movements, i hope now bitcoin look stable so we should see the rubber band effect soon, thank a lot my friend by sharing your good knowledge with us, it's really helpful, Stay happy my friend and enjoy your weekend.
Thank you, and have a great weekend yourself!
wow another good one from you bud, I believe that we think alike sometimes because I posted almost the same thing (pls check it out) I think that bitcoin is and will remain the king and yes a big smile on the face of crypto lovers and haters are in panic mode... wish you a blessed weekend.
Steem cannot stay below 1$ for a long time, it will move up and walk along the bitcoins footprints.
Always good to see green days, of course I managed to buy some more alts right before bitcoin started to do it's thing. Luckily I didn't invest a whole lot.
@exyle It is even better now as I write this STEEM $1.17 USD, between you and I and @bennierex and your MOM @clio we are all UP on the Steem we bought yesterday on the Pullback in price that was down around $1.00 STEEM per USD. Very Exciting !
I think the rubber band effect will be temporary because more people will want to profit from the fork and will leave the altcoin market as the fork's deadline approaches.
It seems you were right :)
An excellent start to the day, as predicted by the Altcoins are leveled and the course begins to acquire stability after correction. I am also very happy about this. Thank you @exyle
Great post :)
There are much better coins than Bitcoin. It only has most of the market cap because it was the first coin.
When the stigma and realization that the are lots of better coins than Bitcoin then there will be a massive shift in the markets.
Its just a matter of time in my opinion.
Have a wonderful day to you all. :)
This seems to be the trend, its been like this for a few months now. But you can't always bank on market trends in the crypto space. It's never the same.
It's great to see our loved Steem in green mate! Hope it keeps up rising in value and achieve the target of $4-$5 by end of year!
It's great to see steem moving back up! Whenever it goes down to a dollar everybody starts buying it lol
I guess I was a day early. I saw the rubber band stretching early. I am still green.
I enjoyed the sea of green this morning definitely!
Thanks for the nice news, you were always positive in this field and finally your beliefs resulted. Thanks, Happy steeming.
@exyle - Sir within 2 days your mom made 10% profit... if she invested on bank it will take atleast 12 months to make it Sir... Nice strategy Sir...
+W+ [UpVoted & ReSteemed]
@exyle,
It's a great topic :D Yeah current market has proven us BTC and ALTs have a correlation! STEEM priced looks like back to normal! It's most important news for me!
Cheers~
Any green is good green, be it food market, share market, or crypto market.
yeah they bought just in time!
But bro @exyle its now stucked on 1.1 - 1.01 :( Because of when it get high people start selling when it get low people buy and i think thats the reason of stucking
The rate of the remaining crypto-currencies is stabilizing, the dynamics are positive :)
altcoins "ll stable soon
wow thnx for share link
I pray that everyone of us gets a morning like this. Things are going in the right direction.
crypto currecy looks in steady and positive sing in bitcoin.
Woo!
power voting expend
A nice update about the rising of the Steem! and a good buy for you.
Cool, finally a green day! 🐍🐸
Thanks for telling about bittoine. It can cost at least the price.
looks like altcoin it is inversely proportional to bitcoin hence proved lol :)
Cryptocurrencies are the future and thank
goodness that we are part of it..good post...
Amazing video @exyle thanks for sharing
the rubber band effect now i know something about it so btc remains the king in between
looks like everything is stabilized now after all of a sudden jump in the prices pulling up everything
Probably till the fork has happenend the altcoins will still stay at a lower price range.
they bought it at a really amazing price very lucky it is great to buy at the right time as the rubber band effect can now be clearly seen
any tips or tricks to get a video upload to D Tube ? I can't get any videos onto the platform !!! The upload a video button just keeps spinning forever .
you seem to be in love with the steem prices :)
Wow is very interesting for me this effect sometimes when I was doing trading and I was starting and do not understand it and I only look when my money is going to falling down
Drew your portrait today:) I hope you like it!
Good post, and good point on the rubber band effect. Thanks.
Nice vlog 112 abd waiting113.....
Sounds pretty great for you buddy
and yep as soon as steem rises we are gonna rise as well :)
I am glad to hear that your mom made profit by investing in steem .I also want to learn how to invest in steem if you can help me sir thanx for the post
Rubber band effect is very logical to explain the price movement.
Thank you for getting this out. @exyle