Bitcoin & Steemit Price is low, so HODL. Summer time crypto lows.
Film Summary
The annual summer time dip in crypto currencies is in full swing and I see people jumping ship again. The smart thing to do would be to see the historical dip, every summer and realize the crypto prices generally recover around the fall, and then spike in the December time frame.
Bitcoin is down, SBD and STEEM is down, and everyone wants to panic and leave the steemit platform. This is crazy, SBD is about as low as it will go and soon will be heading back north bound. Right now people should just be hodling their crypto and investing at the low value. I mean SBD is just over 1.09? That is a steal, that price will definitely be near the low for 2018 in my opinion.
Post the launch of smart media tokens, the SBD price of 1.09 will look like a complete steal in my opinion. Most people that learn about steemit are easily hooked into the platform because it is censorship free, and you can actually earn money for your content, unlike reddit or facebook.
So everyone hold on tight, remember the value of the USD currency is always dropping due to inflation, and is a part of their fake monetary system. They are Fed Reserve Notes not US dollars.
BTC Price Screenshot:
Screenshot from CoinDesk: https://www.coindesk.com/price/
Screenshot from Coin Market Cap: https://coinmarketcap.com/currencies/steem-dollars/
These two charts seem to me to signify that every summer we see a dip in crypto price. This dip affects bitcoin which then affects all the other currencies. I would say we are seeing the lows for BTC and SBD and also STEEM for 2018, I would expect an increase in price come this fall.
Let's build communities like steemit that are outside the control of the financial despots that run society. Decentralize the elite, trust no one.
Join and follow me on steemit, if you are watching content of mine anywhere else, if you comment anywhere else you are wasting your own time. Get paid for your efforts by joining and using steemit.
Steemit Tutorial I made: Video
None of this is financial advise. I am just offering my opinion.
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