In addition to what they were blabbing about, it is no wonder it has been turning a sea of red whenever you check on your portfolios.
And when I checked mine from the past few days, indeed it has been turning red.
So, does that mean investing on cryptocurrency would just be futile? Does that mean we all have been tricked on this scheme? Does that mean investing your effort and time writing on steemit would be useless?
Check on this graph for BTC or Bitcoin. The difference between the HIGH and LOW is approximately $400.00. If you had invested on bitcoin just recently, and you are new to cryptocurrency, then it would be appaling for you.
On the other hand, let us check other cryptocurrencies because for sure, some of you had invested on these as well.
For ETH or ethereum, the difference of the HIGH and LOW is almost a $100! Does that ring a bell for you guys?
And check out the rest as well.
Please be mindful though that different exchange sites have different values per cryptocurrency, but the difference is not that big though.
Now, let us go back to my question this evening (or morning). Should we lose our faith over cryptocurrency?
Damn no!
I may not understand these graphs that well but I know there is more to the on-going situation right now . But I know it is important to read between the lines and on some cases, do not over read between the lines.
It is given that cryptocurrencies are volatile. They could go high as much as it wants, or get low as much as it gets. But investing on these requires one to think thoroughly before making actions such as withdrawing the coins that you have and turned it into fiat. It requires you a lot of faith to become a successful trader. That is why other people would say, now is the high time to be faithful. Now is the high time to buy more coins. CRYPTOs on SALE!
Image from steemit.com
About Steemit
On the other hand, people do believe that Steemit is the way to financial freedom. I, as well, believe on this principle.
Perhaps, a lot would agree also on this especially when you were able to start early and have a huge amount of STEEM POWER. You can boost your own posts then just by upvoting your own post.
How about the new users? It would really be hard for us to attain what we wanted right? Are we going to lose hope and stop writing? Are we going to powerdown and transfer all our hard-earned coins?
Well, let us just go back to what Steemit has been few months or even years ago. Steem before has not even reached a dollar or so. It was then last December 2017 until January 2018 when we were all smiles because the value of Steem Dollar or SBD has not just doubled but has increased more than a ten fold.
Now what I mean is that, dealing with cryptocurrency is not just a honeymoon but a roller coaster ride. Enjoy every moment of the ride and never forget the reason why you are here. Share your stories everyday and make new friends to grow your sphere of influence.
Let us continue to build each other on this platform. Steem on!