All the talk right now is how cryptocurrencies are crashing.. has the crypto bubble finally popped?
I don't think so.. sure it's been a rough 24hrs for cryptos, but it's just profit taking in my opinion. Some of these currencies, including Steem, have been up 500-600% over the last month or so. Wouldn't you want to take profits on a huge trade like that?
Look at the bigger picture:
The longer term view for cryptos like Bitcoin looks amazing! Sure, in any market there peaks and valleys..but I wouldn't be surprised if we see Bitcoin trade around $5000 or higher later in the year. Crypto currencies have changed the game. And we have one of the best: Steem! There has never been anything like this. A currency linked to a social media platform. I for one am excited about this buying opportunity. The sky is the limit!
How do you know that it will look like it is shown in the graph? Thanks for sharing this post btw, Upvoted & Followed.
Thanks that's the current long term view. It looks much more like an uptrend when you look at previous months and years. Followed back
So it means that we should gain NOW as many BTC as we can and then we will have a huge profit in the future (if it will really rise to that level).
Yes if it rises to that level which no one knows for sure, but you definitely want to buy on pullbacks. I only have Steem not Bitcoin, but I'm thinking about buying some
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I think you can say cryptocurrencies won't expire within the next 30 years or so. Personnaly I think cryptocurrencies will replace shares and every company will have their own coin, so you can invest in coins instead of shares.
That would be awesome
Exactly my thoughts man :) Good one !
Thank you!