Let's do a little throwback Thursday. For just a moment pause, take the gun off your temple. No, don't put it in your mouth. Do you even know where that's been? It tastes metallic, rusty, and you probably need some disinfectant now. Honestly, we're gonna be ok.
I know I know. You and lots of people didn't sell at the highs and now you're seeing a sea of red. if you have some cash this is probably an amazing opportunity to buy in. Tell your friends to join crypto and be sure to remind them to sell when we're mooning. Also tell them they owe you for the good fucking advice!
Good News 1
Back to the throw back. Check out this chart.
Remember all the way back in November? BTC was around 11k like it is now. What was the price? 92 cents. One of the things that gives me light and hope is the fact that the market is placing a higher value on Steem than it has previously. At the time I'm writing this the price is $3.41. Now, yes technically that blows compared to highs in the 9s, but that was so last fortnight. This week we're dealing with 11k btc, some 10k btc, and a little turd of a 9k btc. But right now we're at $3.41. That's 3.7X gain in 2 months. That's pretty spectacular. So, even if you missed the high highs you're sitting way prettier than you were 2 months ago.
More good news!
Steem blew past the previous record for most transactions in a day and is now holding the world record at 1,660,739. That's amazing. We're amazing.
HIGH FIVE!
Also note that the "Dan coins" using DPoS are rocking capacities of under 1% while the most active competitors out there are over capacity and have transactions waiting.
Corrections happen, they tend to happen in January
If you don't read @penguinpablo you really ought to. Here's his most recent post where he talks about Cryptos having their low annually around mid January. Here's hoping we've made it through it this year and this is the low point. Mid $3s for Steem and SBD as a low sounds like a great fucking 2018.
So, relax, smoke some weed where appropriate, have sex, rub one out, watch Netflix
It's gonna be ok. We're all gonna be ok. You're standing on the precipice of an incredible year and it's gonna be great. Now excuse me while I go talk this guy down.
What a buying opportunity!
I didn't know what to buy yesterday I was like a kid in a candy store.
Folks should HODL, it's a needed albeit scary for some correction.
All the coins/tokens will come back with avengence in the weeks and months to come, play the long game folks you'll be glad you did.
Nice post @aggroed
I tried to buy me some crypto's at the very low yesterdayevening, the exchange just couldn't hook me up... Seems the best prices are just for the insiders...
I have just as many steem as I had a week ago.
I don't care what bitcoin or USD do.
Great point Matt. If you believe in the platform and are happy to HODL it's just noise.
Very true!
Buy low, sell high is still the tried and true way of investing. If you get emotional when you see your crypto account, make sure to put safeguards in place to prevent you from making bad decisions. Panic is a sure fire way to lose your money, especially when there are players who have the ability to drive down markets and create the panic. Thanks for providing a post to keep those emotional people sane!
I have known about crypto since last 8 years but never invested in it. I have observed that the price increases to some extent every year. Some times it takes a rocket ship like it did in December 2017.Since i have seen increase every year i am not worried right now. In-fact i am more excited about this thing. I now can actually invest some money in steem which i was planning for long time. Right now the Steem costs 30% less. This means that i can have 30% more steem if i buy now. The only thing that i don't understand now is whether i should buy now or wait for it to fall further.
Don't catch a falling knife... At least wait for it to trend sideways for a bit. Now there is the possibility of further cascading falls, but if you see it go sideways and then start to trend up, or solidly tick up for a while or significant percentage then you can at least kid yourself you were buying in on an upswing.
If you're worried about buying back in too soon then do multiple buys - 50% now and if it goes down further buy more later and average down. If it starts shooting up buy more on the way up - at least you can get some of the low price.
I am thinking of doing something similar. I will wait 12 hours more from now. I will see if it is going up or down and then i will invest in it.
Kitty high five!
Thank you @aggroed. If you invest for the long term, you should always check the fundamentals and reconsider if your investment case in place. There is a famous quote from the father of the value investing philosophy (honestly, crypto investment is not value investing but the quote fits anyway...): You should be happy if prices go down, because most people will want to invest more over the life time. Low prices are a chance to buy something which you considered cheap already before even cheaper. Not a literate quote, but the sense is like this. Only because a price goes down it does not make an investment worse, no, it makes it even more attractive. However, only as long as the fundamental remain in place - and this seems to the case according to your statistics.
Good news is good
Thanks for sharing
Unlike 95% of the altcoins, steem actually has strong fundamentals. Cream always rises to the top, particularly when it's 'steemed'.
(I'll show myself out.)
The technical properties of the coin are pretty good, but the price action can be completely decoupled from what a coin can achieve on paper. Steem's survival depends on a strong backbone of a highly engaged userbase that's interested in using it as a social media platform, and we should all be pushing for that ultimate goal.
The crypto currency situation aside, I dont think its the time for "dont worry" paroles.
Whats currently going on in the financial markets is anything but normal, or reason to relax.
The USD is rapidly loosing value to other currencies, but gold, silver and cryptos are falling as well?? And bonds and stocks are being bought up at any cost, to keep them in bubble territory.
There is nothing normal or ok in all of this, its rather very concerning in fact. 2018 could be a year we will remember for a long time.
Those are good suggestions @aggroed! Lol
Yeah, buddy! Buy the dip. I just gotta find out what I can sell on ebay to get some cash to buy Steem. :D
Do you really need two kidneys?
Ha ha ha. That is a really good point. I should ask my wife if she wants both of hers! DOUBLE DOWN!
Ugh, why is it that you get so few votes per day. I've got lots of them I want to throw around. And you deserve one, but it would be worthless. Grrr... x_x
Keep up the good work.
I have full faith in steem. $60 here we come.
Good reminder and delightfully presented. Thanks. I needed a smile this evening.
"ups and downs, it's dark out it's bright .." .. it's the right word for this month..nice to invest.thanks for the impormation.
Agree completely. I noticed the past four years we've seen this same trend in crypto... so no worries. I've been stockpiling Steem Power over the last 4-5 days like a kid in a candy store. Now is the time to buy! :)
It is my belief at cryptocurrency Bitcoin and all their friends will go back up at some point. Market correct to fair market value and then go back up, everything in life has its ups and downs, the markets do, business does even sex is that way so yeah take the advice of this writer go watch a Netflix or smoke some weed and chill for a while. It will get better trust me. Triple antibiotic ointment often heals wounds and this too will heal and we'll see the cryptos kick ass
True story... for people with experience, we know its normal.
One reason why I love STEEM. <3
Reveal spoiler
I'm seeing Steemit going past $10 in next one month.
Thanks @agrroed for this encouraging post. It is good that this come from your side.
Steem On!
So, best bet it to power up as much as you can right now. Take as much as you can and pour it in so your steem power is even higher..... Then later on if the need may be there, you can power down at a greater profit.
Buy low HODL till the time comes, and dont forget to upvote the best comments and content you can find. Give @good-karma get good karma 😉
Yeah, name drop so he hopefully can see the great posts @aggroed is pumping out over here 😀
I'm deleting my comments.
Being down voted by Content censoring whales sucks
and hurts minnows who only earn 0.01 per post/comment anyhow
This whale BS will kill STEEM imho
Damn, great article and id made me lol at the end. I think what I've learned most about a lot of crypto investors is to get excited about the opportunities during the dip and chill out! Crypto is going anywhere! :)
Very good news
https://m.youtube.com/watch?v=k9zbFmU4qgA Here, This'll help
Nice
Nice post beautiful presented and explained. detail oriented with nice information. thank you for sharing @aggroed
"Have sex, rub one out." I... I'm not sure you are doing the first one right if the next step is the second.
The latter is still sex. It's just a me-some. As Woody Allen said it's sex with someone I love. It's just advice for the single people out there.
Best time to relax and invest, yeah? 👍
Post yang bermakna bagi sahabat steemit.
@aggroed
Wow
Nice one indeed :) thanks
That is a little encouraging at least steem is on the run.....
oh! no, you have to run buddy, before that guy jumps
"Steem blew past the previous record for most transactions in a day and is now holding the world record at 1,660,739. That's amazing. We're amazing.". 🕺. Yes o. Steem is the best👌. Thanks for the heads up Dr.George👍. Would sure check out @penguinpablo"s blog
Invest now while it's cause surely it will get high!! It's like roller coaster ride it has its ups and down!🎢💲
Thanks for sharing this @aggroed!😙❤
Well that guy in the cartoon going to commit suicide maybe he had no patner to have sex with it.
Well certainly by all means I'm relieved
Still Hodling. We are on the edge of societal evolution here. Blockhain is what the internet was 20 years ago. Early adopters will do very well.
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Thanks for sending the positive news and vibe! Many of us can lose sight when emotions get to us. Rationale thoughts are needed.
Hello, the information that you have submitted in this post is Really helpful.But, in some case Crypto currencies are not tremendously work.Here in the Crypto currencies the circulation of Demand & Supply works that mean we must be scared about that.@aggroed this post will be highly appreciated in the prospect of Steemit world.Your dexterity of knowledge and writing acume is exceptional.Friend, stay connected.
Nice! For the good new, I can hold my steem now!
Rewards Pool Farmer Alert
He is leasing 30k SP from @minnowbooster then using that to VOTE Up his own 7 Day old comments on random posts at the last minute. Scroll his comments to around the 6 day mark or just go to https://steemd.com/@ryacha21; he has a lot of self love on his own old comments.
HE IS DOING IT OVER AND OVER AND OVER.. He is farming the pool.. If you could help it would be appreciated..
Learn more about this sack of monkey spunk here:
https://steemit.com/shitpost/@pawsdog/the-shit-post-diaries-1-17-18-4
Also kinda a dick move to use the actual good post of another person to post a comment for no other reason to come back and farm it later.
Post Author, @aggroed I do apologize.. This dude makes no actual articles of his own so the only way to draw attention to what he is doing is to comment his comments. My sincerest apologies for cluttering up your blog, outing the abusive self voting behavior of @ryacha21
It wasn't very long ago I was saying I can't wait for 2 dollar steem
You said you were gonna talk the guy down. Why did he end up landing on my car!
Thanks for sharing.. please visit my blog sir
You got a 2.00% upvote from @upme requested by: @aggroed.
Send at least 2.5 SBD to @upme with a post link in the memo field to receive upvote next round.
To support our activity, please vote for my master @suggeelson, as a STEEM Witness
I just bought 400 and some shares of Steem with my Ether today. Now I have the vote slider! Low prices aren't always bad.
I felt back in November that Q1 was going to be iffy so I'm trying to convince myself to let everything be and not check my portfolio until March. Steemit posts until then to keep me busy...
I don’t want to rub one out 🤣🤣🤣
It's all voluntary.