Steem and SBD are both doing great (including other top cryptocurrencies) according to coin market cap -this is awesome because normally we see a decline in price during the Chinese new year (Lunar New year) plus haters and fuders throwing in bad news in order to induce fear in the crypto space. Does it mean that steem and other cryptocurrencies are now a stable solid investment and thus we can sleep good at night without fear of seeing bloody red market? Here are some few points:
Steem fundamentals is solid: steem ecosystem, for example, is a solid place to be in the crypto space and will surely give investors a positive ROI due to its solid blockchain technology that supports many innovative products (Dtube, Dmani, Dlive, Dsound, Busy etc) especially steemit (best social media platform in terms of reward sharing with members) and the upcoming SMT (see my older posts for details). On the other hand, I will remiss if I blindly say that we will not see declines in price because it is the nature of all markets (ups and downs) and that is what makes it interesting ie opportunity to buy cheap from fuders and make supernormal profits.
Expect volatility: high Beta / risk relates to high volatility in price and this is what makes smart people to make supernormal profits in the crypto space ( wall street too) and what makes fuders to lose all by buying high and dumping at low price . Therefore do not rush and buy when price is too high however wait for haters to do their thing and then target your top coins/tokens when it is cheaper (undervalued tokens like www.elyte.io) after which you hold.
What do you think? Send in your comments , resteem and upvote in order to send in your support.
See my former post: Steemit and Bitcoin haters exposed! A happy and Lol weekend to you all
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