According to coin market cap steem , steem dollars and other altcoins are recovering from the recent blood bath caused by haters , Chinese new year holiday and centralized governments. The important thing to note, however, is that cryptos are volatile in nature hence the possibility of making supernormal profits. Here are some few points:
**Up & Down: **whatever goes up must come down (vice versa) hence why we expect to see red again in the market. The important thing to note is that the fundamentals are solid. Therefore no need to panic rather trade and invest wisely and do not forget that cryptos successes are based on large communities that cannot be fooled by governments or haters of cryptos.
Take some profits: For day traders, learn how to remove emotions and wait when market is down (even buy some great coins or tokens like Ethereum Lyte (www.elyte.io ) which has seen great success even at its infancy ( see whitelist section of https://main.elyte.biz/?page_id=433 for their current crowdsale and join their telegram community: https://t.me/joinchat/E6tXj0dThqzzjVlWJRuxLw if you have any questions). Moreovere , avoid panic selling and buying high rather buy when people are dumping (scared) and sell some (hold the rest) when people are buying / greedy -this strategy will keep you safe.
Steem ecosystem: steem ecosystem is solid due to steem superior blockchain technology (processes transactions faster than bitcoin and ethereum combined) , moreover the upcoming HFORK 0.20 and SMT (see my older posts on this subject ) will lead to mass adoption and subsequently , high price of steem and steem dollars-therefore , make sure that you join the vibe here by investing in steem power.
See my former post: I Finally Forgot About Facebook, Thanks To Steemit
Use the below link to join the next best thing: Ethereum lyte via their current bounty-see link https://docs.google.com/forms/d/e/1FAIpQLScf9ORCo55gpLT9kIJA2kjR0ugWUeT5lDQg9GPgZ6RlW2Nc4A/viewform fill out the form and join the next opportunity in the crypto space.
Ethereum lyte (Elyte) is the next best thing. Offering just 1m tokens as total supply with far less circulation supply, top visible team see https://www.elyte.biz/ , excellent and innovative product plus deflationary nature ie token- therefore early adopters of Elyte are already smiling as they see bright future in their investments because price has shot up over 3K% since inception just 4 weeks ago even as they are yet to be listed on Coin market cap (coming soon). Therefore , we decide to give out this social media bounty in order to share tour tokens to the masses who appreciates the ingenuity of elyte.