I have been on the social media platform that pays you to post now for about 18 months. I have seen some major ups and major downs. I have been following the cryptomarkets and big hitter coins such as Bitcoin and Ethereum Litecoin and Bitcoin Cash, learning the growth rates and chart patterns as a complete beginner as most everyone else jumping in this new world of digital money. I have seen huge rewards and great potential with blockchain, Steemit and the crypto market.
I am a collaborative artist multi genre singer songwriter and have gained more exposure opportunities and profit rewards off my music in the last year with blockchain than my previous 9 years combined. Steemit was the driving force for this, giving me the opportunity to not only share my previous works with the community but also new projects and gain access to more like minded folks to collaborate with and promote, all while earning cryptocurrency rewards that propelled me further into understanding and developing a relationship with crypto in general.
I was on steemit when the price of Steem was as low as .7 cents and Bitcoin under $1000 dollars. Today, a little over a year later from these lows we sit at another low point, a strong dip in the markets. Steem currently sits at $2.50 and Bitcoin $9000. These prices are low coming off a near $9 and $20000 high in the new year.
Everything dipped in the market last year around this time before it began a steady climb upward sometime in April - May, with of course a few pull backs here and there but onto a massive rise in price. We have been in a cooling down phase for awhile now, but buzz is hot. Bitcoin and Steemit are spreading on what I think is pre viral adaptation levels, I still think that we will see growth far exceeding last years in this current year. Its easy to talk about crypto shooting to the moon when its well on its way, and in verse, easy to think its dying off a slow painful death when its going the other direction. This is brand new, we haven't seen anything close to potential yet as we are still not in adaptation phases, this is all the pre shit and the market is wild. Bitcoin is more and more in the main stream news with positive and negative spins, companies are looking into blockchain and crypto use. Its really incredible to me how I think this is going to change the entire world as we know it.
So why is now a good time to get into the crypto market?
I think we are reaching a bottom here soon for how low Bitcoin is gonna drop for this year, its quite possible it could see a brief spike down to levels around 6k, I think(not even close to an expert here), but the market is so tangled up, back and forth, bulls and bears bloodbath, its gonna be hard to tell. One thing I feel pretty confident on is, those who are looking to get in, your time is coming up. There is a lot of scare out there with whats happening with the economy and banks, a lot of my friends and family are talking about wanting to put some money into crypto. Some of this urge is for health reasons and a non security issue with health insurance and the current mess of the medical system. I have a mother with M.S. who is getting dicked around left and right through the system on all sides and is fearful of her future and she wants to look into getting invested into cryptocurrency possibly by joining steemit and getting to talk about her journey while earning crypto rewards.
Its always darkest before the dawn
I have seen some people in sheer panic over the recents drops and I myself get a little sick sometimes when I see the numbers. Okay seriously all the god damned time... im about to have a heart attack..lol No, but seriously, think the steemit community feels really good, I see so much encouragement and so much of a coming together for people that I dont see anything but a bright future ahead. Our money system is about to change and our social media is about to change, the way we engage online is about to change, is changing, we are in the process now.
I predict with good hope that bitcoin and steem are gonna start going up up up again very soon.
If you want to get involved in crypto currency and are a complete beginner the absolute best way to do it with no money down is to sign up for Steemit.com, create an account and start blogging about whatever it is you do and start reading and upvoting and commenting on others posts.
Short Sum Up
On steemit you get paid in a cryptocurrency called Steem to post, upvote, and comment. Steem can be exchanged for Bitcoin and your bitcoin can be exchanged for fiat currency. Thats real in hands money. Steem and bitcoin are at yearly lows and should be pulling up soon, it may be the time to start considering your entry point. I just feel really strongly ya'll do this now, you will be thanking me in December with a huge smile....
The 1 year chart for bitcoin
The price of bitcoin was one of the biggest Wall Street stories of 2017. At one point, the digital currency surged more than 1,900 percent. On Jan. 1, 2017, the price of bitcoin passed $1,000 for the first time on CoinDesk Bitcoin Price Index since early January 2014. On Jan. 1, 2018, the price of bitcoin was about $13,286.
We are getting ready for round 2 in my humble opinion.
Join me on steemit start posting and earning, even if its something to have set aside for the future for the hell of it.
Shavon Bonnie Legion ;)
*your friendly international singer songwriter and newly formed out of the clays of the earth, Expert Crypto dummy