Dump BTC for STEEM and BTS now? After a major decline that some are even going so far as to call a crash? That question was posed to me in the comments of yesterday’s post, and most appropriately so. I hadn’t been clear about when I thought it would be a good time to roll out of the old legacy crypto and into the future leaders and the question was due.
My first reaction was to say NEVER!
ON THE OTHER HAND, everything is relative, and especially so in this case. The fact of the matter is that in BTC terms, both STEEM and BTS are in the buy zone: perfectly normal pullback areas where smart bulls load up. In BTC terms, neither STEEM nor BTS have “crashed”. USD terms aside – and indeed the losses have not gone unnoticed there – it’s not USD that we are competing against here: it’s BTC and the other old era crypto accompanying it that we are measuring ourselves up to.
In BTC terms, both STEEM and BTS may never be this cheap again.
So, a better thought out answer to the question might have much better been:
Anytime is a good time to buy STEEM and Bitshares!
I also encourage you to read that post - A Better Possibility? - and especially the great comments you all left! I tried to arrange them with upvotes so that the more interesting and thought provoking are closest to the top and I will do my best to answer more of you as I get the time.
You say you’ve learned from me. Guess what? I’ve learned just as much from you! You know what they say? What goes around comes around! Thanks a million! 🙂
Bonus Chart
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Please leave your comments, input, questions, etc., below!
