It is true that Bitcoin has fulfilled the prophecy of touching $ 50,000 as expected. The Halving had its effect, in time, and has become the center of all the news in recent days.
The market is cyclical and the injection of demand is not infinite. BTC is slowly approaching the terrain of becoming an overbought asset and this is perfectly natural. The pros have hit new all-time highs and it's time to cash out the profits.
In an article about mining read here it was mentioned that we are in a stage of the market called: Euphoria. Everybody wants to buy and buy. There is a bullish sentiment that seems to have no end and it is exactly what the professionals need. To withdraw their profits, they need to sell, therefore, they must encourage newbies to buy long positions that they will later liquidate, transforming into sales that will give them the necessary offer to sell and not get trapped, thus being able to take their profits.
Rather than buying Bitcoin, we can say that STEEM is a currency that can offer us great profitability in the long term. The STEEM market is now at the end of a distribution phase. A market cycle has ended, which means that a new cycle is about to begin.
The price has marked historical lows and the decreasing structure that has lasted for so long, finally begins to show important signs of breakdown and accumulation phases with a growing structure.
In addition to that, Justin Sun, the creator, has introduced his other cryptocurrency to Tron to the Steemit Network, which has further encouraged Steemit users to work on the network. Generating an even bigger market capitalization stimulus.
Just like STEEM, other altcoins are preparing to start a new market cycle, which for many is a great and better opportunity than BTC or ETH right now.
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Alejandro Aristeguieta
CEO in Aristeguieta Capital.
Investment Firm and Financial Analysis.
I am not a specialist on the subject, but I have always felt that steem has a lot of future, and only by statistic rule for all the time it has spent in decline do the chances of have a major high.
In any case, the most prudent thing is to keep your coins and not go to the first ones to sell them.
And the earnings from curation are tremendous.
Hello @reinaldoverdu thanks for participating and giving me your opinion. You're right. They are two excellent projects.
Market capitalization for both has grown quite a bit and this new cycle has very promising signs. It is very true what you say, you have to start liquidating shares above $ 1.50 in the case of Steem to past $ 5 so I think something good can come out if they start to accumulate from now on. How about thanks for participating and giving me your opinion. You're right. They are two excellent projects.
Market capitalization for both has grown quite a bit and this new cycle has very promising signs. It is very true what you say, you have to start liquidating shares above $ 1.50 in the case of Steem to past $ 5 so I think something good can come out if they start to accumulate from now on.
Exactly, that's exactly what I advice my rich friends to do, invest in Steem. You earn curation and there are greater chance of having a x5 on Steem than BTC now. It is actually wiser to invest in Steem and Hive. The curation aspect is just crazy.
Great content @ale.aristeguieta and thanks for sharing with us.
Hello @menoski thank you very much for sharing your opinion. That's right, HIVE and STEEM are currently at the beginning of a new market cycle. They have maximum referential prices and their distribution phase has ended, indicating the lowest price.
Not only with the curation, the investment with delegations and the great demand in the internal market of Steemit make it an excellent investment project for this new year. The capital injection of the Korean market in Steemit is really impressive, something to see.
I have been thinking about developing some posts on how HIVE and Steemit can be used as an equity and investment account to generate a great ROI this year. I feel like I was buying google stock 11 years ago.
Thanks for participating.