According to coin market cap, steem , bitcoin and other cryptocurrencies are bouncing back-see here which is a blow to fuders (Banks, gold investors etc) and central governments (India, China, Korea ) who through their regulations and controlled media have tried to kill the show for all of us leading to inexperienced members in the crypto space dumping their coins/ tokens. The conundrum, however, is will the bullish upward trajectory be sustainable? Or is it the same old pump and dump? Here are some few points:
Bitcoin will remain King: We all owe bitcoin respect because the project did the hard work and cleared road for all other projects thus the whole attacks from haters start with bitcoin and ends with bitcoin. As a result, when bitcoin bleeds, most top coins like steem ,ethereum et al catches cold. Moreover, as we currently see a bullish trend from bitcoin, all other coins/tokens are also in green showing that bitcoin is and will remain king (at least for now).
Steem and Steem dollars (SBD): Steem and SBD are bouncing back very strong indicating the willingness of outside investors and steemit community to continue supporting steem blockchain –which is more superior than almost all other blockchains (in terms of processing transactions). Therefore, haters take note, repent, buy steem and power up before you loses out in the future of social media.
Steemit: In my former post : Secret Fight Against Steemit?: Facebook Bans Cryptocurrencies Ads Including ICO´s! see here , I outlined how Facebook want to retain its control (on people ) and monopoly in the social media segment. This plan, however, will not deter steemit from disrupting the segment due to its revenue sharing model, ability of members to learn new things, network with intelligent people, join top projects (Elyte.io is recruiting mobile apps developers, marketers and back end developers- interested? Then apply via career section of www.elyte.io or contact me here-also see crowdsale section of their website) .
In light of all these positive trends, haters will continue through their fake news media to create and spread panic however we crypto lovers will always come back stronger than before.
Do you agree? Send in your comments, resteem in order for others to join and upvote to send in your support.
Click here and read my former post: Why we need Correction in the Crypto space : Scam / Shit Coins