Ladies and gentlemen. Cryptocurrency in general is having a seriously chaotic day. But, is it all doom and gloom? Or perhaps, it's time to refuel?
This is a snapshot of my current crypto portfolio. As you guys know, I've been recently having some serious success from steemit, and I'm using these rewards to leverage myself into more success, so that I may one day invest largely into the steemit platform.
As you can see, everything has been drastically falling in value across the markets.
If you guys didn't know, I am a market farseer. I have accurately predicted many events for value on crypto.
Here's one of my paintings from yesterday, before mass devaluation of sbd and steem. Perhaps now you guys can understand what this painting is about.
Let the imagery sink in.
A brave Steem, out in the middle of a sea storm of currency. Uncertainty, confusing, panic, creates the hammering waves.
How many of you brave sailors are riding out this storm, hodling fast and bracing for impact?
Alas, do not fear. Malice is here, and I'm telling you guys, this is nothing at all. Why?
Well it's simple really.
Behold. The truth. Bitcoin has suffered a very steep hit in value within 24 hours. We're talking Bitcoins being valued at 15,000 and dropping to 12.8k
As a result, this has caused massive mayhem across the markets.
As we know, all major exchanges peg the values of coins to bitcoin.
As we have seen in the past however, these devaluations are always temporary, and are always followed by rallies.
What does this mean for Steem and SBD?
These 2 cryptocurrencies are not valued correctly, and will rise back in value as the market corrects. Which means, now may be an excellent time to purchase some STEEM or even SBD at a discounted rate.
We've seen it happen again and again before. And we absolutely know for a fact that Steem has not reached all time highs yet. Steem has definitely reached a very good point, but we are yet to see the full potential yet.
So folks, stock up on rocket fuel while it's cheap. For you smart investors out there, you already know what is coming.
Quite possibly the rally of a lifetime.
Well, that's my input. This is based on the speculation of several investors and day to day traders that I regularly have discussions with.
For you hodlers out there, I stand by you, and I'll see you on the other side.