I have been following closely the latest news, and how those impacted quite heavily the crypto-space the last couple of days.
Now, I was comparing charts and found that according to the bubble chart we may be entering into the despair phase. This would be the one where all investors give up and sell massively, even at massive losses bringing the whole market even lower, possible to levels seen only before the bubble.
Remember, back in December everybody got in at 20K... yap picture one selling from 20K down to 5K.
I want still look at this with a positive perspective. In a time when there are not many options to hedge losses, there may be one, and quite close to use.
I said it in the title so is not a surprise, but, why?
Well according to the Bubble chart we need to take the 200 days SMA, which just averages the historical price in a 200 days proportion. Acc. to this, the price for SBD should be now at around, USD 2.37, at press time we are at 2.24 USD according to Poloniex.
View graphic
According to the Bubble chart, we should enter now the despair part, an eagle eye the bottom of it would put SBD price at USD 1.37. To me, this is excellent news, and you have two choices;
1. Wait for the market to come down to the 1.3 level, but if does not happen and rebound you will lose an excellent entry;
2. Take a risk and buy now if it keeps going down just HODL. To me this is an excellent price to jump in, considering the USD 8.73 ATH.
If you are a steem user and are reading this, you know we, you and I, are actually Steem investors, or stakeholders. By buying more now we are pushing the price, and also, supporting a cause.
Is not only that, by using guaranteed upvote rates, like #SmartSteem you can make a passive income on your Steem and SBD. Note I refer to SmartMarket service only, not to the Bid-bot
Also, you could delegate to a bot, like SmartSteem and get a 95% profit on it from the sold votes related to the amount of SP you delegated.
December's bull run brought the most significant amount of people looking to get rich into Steem. Well, change of plans, but we need to be bullish now. I bought at 5, 4, 3 and now at 2. I am optimistic on the long-term, and I do not invest what I can't afford to lose.
It could go to 1 USD, but if it happens, and also Steem get there imagine how much you could win for a post. If Steem goes down to 1 the relation between STUs and SP get to 1-to-1, so theoretically a 100 STU post would give SBD 37.5 and SP 37.5 after discounting curation!!!
So, if you have some spare alt-coins which are underperforming, consider switching some to Steem.
I would invest now in SBD and use it to promote your posts, farming reputation and obtaining a 1/3 return in SP. By using SmartSteem, you can count on that.
Is time to stop daydreaming of Lambos and Moon space travel, but to invest time, effort and quality into this lovely platform. If you are not up to the game, maybe is time to go back to Facebook and keep posting your daily menu ;-) while giving away for free all your personal data.
Let me know your opinion below, I like upvotes, but more I like a constructive discussion. I am here to help and learn together.
 @Santana33 | ||
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