There is 26,374,173 STEEM stored on Bittrex.
It's by far the largest amount of STEEM stored of any of the exchanges.
For the last 9 days I don't remember seeing such low volume on STEEM ever.
Today it's a little better at $84k (26BTC) but I have seen it as low as $24K a couple of days back.
Which means that less STEEM moved around from sellers to buyers and the other way on that day then I have STEEM in my own account.
Now that's nuts.
This is what it looks like on the charts.
flat lined volume. Stuck around 7000 satoshi
I'm not sure what's causing this (BTC did move a little bit around) but it's interesting.
It's like everything is waiting mode.
Also...
Weiss Rating sent me an alert today.
"You don’t have much time. The historic bottom in cryptocurrencies is just days away."
It sure goes against all the sentiment I have seen in the news and youtube.
In the end nobody knows what prices will do, but of course someone will be right and claim that they knew it 100% when it happens.
Haha, we sure are smack bang in the middle of the FUD tornado.
If this is your first time, I would recommend to try to remember and store all the emotions that are going through you right now, remember the price of cryptos, remember the sentiment of the markets.
All of this is a huge learning experience in sentiment and once it reverses you will probably ask yourself, why didn't I buy when X coin was X price. (I been there many many times before).
Me? I don't know where the bottom is so I'm still buying gradually within my means every time it goes lower.
It doesn't feel great. Because every time my mind tells me I should have waited.
And this will only change when we hit the bottom.
And once we do and the market goes up, I will have to take profit....and I will always sell to early until we reach the top.
And every time I sell my mind will tell me I should have waited.
Yeah...this crypto life, it's not as easy as it sounds :)
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