In December, we were excited and the news about crypto were buzzing on Youtube, FB, newspapers, refrigerators...
Even cats and dogs were barking about crypto.
In January we were brave HODL-ers and we were mocking those with the hearth of cowards.
We were looking for the next big spike that occurred every spring in the past 4-5 years.
But now, let's see where we are, and what conclusions we could draw from the data.
Self-fulfilling prophecy
If the prices go up, people start spreading the gospel. More and more people *(with their fresh new money) are getting involved and all of them become the walking broadcast network for the gospel.
And once the Bitcoin became "the dinosaur without the future", FUD spread...
Steemit, Alexa and Google:
I joined in November/December 2017 and Steemit was rising, just as the price of Steemit related coins.
At one point, it was ranked around the 600-700th position:
Now we are going toward the pre-expansion age. Only those dedicated stayed.
Similar story goes for Google Search:
Yes, it's bad, but at least better than the search for Bitcoin...
And the crypto-cat-coin?
What to do with this?
Well, if there is no some fresh money - there is no growth, it's clear.
And there will be no growth without some new approach to mindless drones in a human body, that doesn't want to change anything in their routine, pointless lives mainstream public.
If you have urgent need for some $/EUR - take it
If the need is not that urgent - wait until July
If you were smart and calm enough to invest only the amount you can loose - HODL...
Because all those peaks, ups and downs we see today could easily be just a noise in the broader picture
This reminds me on this...
The growth last year was too big too fast... I expect thinks to stay stable for a while before we start seeing new growth. Or maybe everything g will just die slowly :D
I'm not in a hurry, so I'll HODL
Steem/SBD ratio is puzzling me, and I'll wait before I vest them
LOL, is that crypto-cat chart real? It has the shape of cat ears!
Cat's ears are new Eliot waves and Eliot waves are new little black dress
Nice to see an objective analysis of this platform rather than just blind support.
I'm also following the "keep on to whatever you don't mind losing strategy." This platform could boom just as easily as bust, but I'm guessing we'll see ups and downs for a while before anything definitive.
This reminds me of biology. New habitat, new environment. Fast speciation, many of them will disappear, other will evolve.
My vision: the best known will survive and those with the large community around. Other very specialized coins without some exact purpose, copies and sufficient base will go down to oblivion.
STEEM is in the promising category. With the development of some new interface - it's possible to see the rise in popularity.
I agree with @trumpman that the growth last winter was just too fast to be healthy. What we see now is a better reflection of the actual worth of our coin. And I expect a steady, but much, much slower growth (with some ups and downs) now.
You know that anecdote about Sir Isac Newton :D
(Don't) be like Newton XD
Finally, time to buy again!
Well, the prophecy made by McAfee was: BTC will hit 5000 $ and 50.000 $... The first part is happening now
To the question in your title, my Magic 8-Ball says:
Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.
Hahahaha :D Go to Hell! :)
MagicFUDball strikes again!
Hehe :)
Just history repeats
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