Hi Steemers
So I have been quiet for a while because I really do not know what to think at the moment with regards to this whole new world i have discovered in the last 3 months.
ICO's are making alot of people alot of money but we are absolutely RUINING the cryptoworld!!!! We need to maintain holding these tokens/currencies/coins in order for them to grow in value being distributed.
Buying - selling - buying - selling goes the trend. Personally I know alot of people who sold this morning at a LOSS just because they didnt know where the currency they invested in was going. My recent post said, sell at a loss if you had better options but these people basically sold at a loss becuase they didnt want to lose more than if they just sat on their funds to wait for after they have dropped and gone up again. If people just stuck by their research and knew the value of the coin does not just go to $100 overnight - IT TAKES TIME. This is not a quick fix for anyone!!!! Everyone should be thinking at least 6 month return on investment. The problem is everyone is expecting prices of these things to go to what bitcoin has gone to in a quicker amount of time. Bitcoin will have a higher value than most for a while - reason being - it has been around for longer. Other will catch up eventually and maybe even take over but this will not happen quickly it will be a process .....
STOP WORRYING about HYPE !!!! is what im trying to say.... these things are volatile and will always be if people keep buying and selling and nobody can stop people from doing that but if you are serious about a coin - stick with it. Don't worry about it dropping below your buying price, it will recover and go up .... unless you have invested in a terrible choice of coin ....
Anyways bit of a rant (i know) but it would be nice to see these currencies rise in a stable manner and not be so volatile. We cant stop big whales making money - in fact if i was playing with money like that i would probably do the same but at the end of the day if i was holding 1000 of a coin i thought would get to $1000 in a few years time i would rather wait for that to happen than to make a few hundred off that trade.
Happy steeming everyone and watch these prices 1st week of August
STAY POSITIVE and steem on .....