What the hell is happening with crypto's now? I have just checked coinmarketcap to see almost everything is down double digits.

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I hear alot of people saying this and that but who really knows? Pretty much the whole of 2017 was an easy ride and it is time for the pullback i think. I would not be surprised to see $1 Steem and $4000 Bitcoin again. Crypto's went through a rough 14-16 months patch just after mxGox happened but it came back stronger. Looking back on bitcoins last big bull run that happened when it went from $100 in August 2013 up to around $1050 by the end of November that year. After that the price tanked for 13 long months when it went all the way down to $200 by January 2015. The next 2 years look
like bitcoin went almost sideways with a small uptrend starting 2017 valued at around $1000. We all know what has happened the past year when with it's ran to just touch $20k before it's epic fall to where we are today at around $9800.

I believe that history repeats itself and these things run in cycles. Problem is crypto's are still sorta new and alot of what i have in my portfolio may have gone bust by the next bull run comes around. When the mtGox crash happened, the top 10 ranked crypto's looked a little different than it does today.
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10- Darkcoin - $11.4 million marketcap with price of $2.36 (Known as dash now)
9- Maidsafecoin - $11.9 million marketcap with a price of $0.03
8- Peercoin - $16.2 million marketcap with a price of $0.74
7- Nxt - $17.9 million marketcap with a price of $0.02
6- Counterparty - $19.5 million marketcap with a price of $7.38
5- Dogecoin - $21.1 million marketcap with a price of $0.002
4- Bitshares - $30.6 million marketcap with a price of $0.02
3- Litecoin - $127.7 million marketcap with a price of $3.76
2- Ripple - 156.7 million marketcap with a price of $0.01
1- Bitcoin - 5074.7 million marketcap with a price of $375.49

You can see Bitcoin's complete dominance of the game back then, the poster child crypto has lost alot of market power since then. If history was to repeat itself and we would get a slow complete market drop until 2019 then 2 years of slow steady upward growth to hit $18-20k again. Who knows which coins will be thieving, driving and surviving by then.

Today's top 15 by value- We like the pain

Concerns about the future of Steem vs SBD ratio

From the 21st November until the 21st December the SBD went on an crazy run from £0.98 to over $14.00. We was all dipping in cash, getting 5-6 Steem per SBD from blocktrades, everyone was posting like crazy to cash in but were down to around $2.90 today. During the drop in price of both SBD and steem over the past 2 months i have noticed that they almost run synced with an almost even ratio give are take 10%. My concern is if they both drop way back down to $1 and then the crypto bull arrives, does the SBD follow Steem this time round are whatever way it happended? are will we be converting $10 SBD's for 1 $10 Steem. My core concern is will Steem become harder to earn as new members and more people use the platform.

On a side note, i have started to mine Bitcoin

I had a few issues in the beginning

But overcame them. Here i am with my new lambo

And at the font door of my new mansion

No more throwing nickle and dimes at the club for me

My friends have changed, they dont get me anymore

I think they are jealous

But i cant figure out why, my life is going great

Beefed up my passwords to keep it save

Its nice to day dream about being a bitcoin millionaire miner, life would be good

Some of my Recent Posts

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