Just when I was about to write a post about how great STEEM and SBD were doing in the past couple of weeks I woke up to see the market falling apart with every currency at -20% or more.
Seems like after a long bull run BTC is finally correcting and it's pulling the market down and causing big losses in all cryptocurrencies.
While writing this post and looking at the market I remembered that I dreamed about getting chased by a bear. A dream I wouldn't have remembered if the bear wasn't chasing our coins today.
LETS TAKE A LOOK AT THE MARKET
Top 10
Top 50
24h Biggest Loosers
Steem/SBD
Will this be the end of our 10$+ SBD and 3$+ STEEM?
Maybe for a little while but the price will bounce back up when BTC is done correcting itself and the market gets a chance to recover.
Until then?
I sold all SBD I had for Steem yesterday for 3.8 STEEM per SBD and Powered Up.
If the bear keeps chasing us and this negative trend with BTC continues for a couple of days STEEM might go down to a dollar and you will be able to get some dirt cheap STEEM/SP again so be prepared.
If you have any other coins don't FUD and panic sell, just HODL and buy more in the dips!!!
What do you think?
- How and why can BTC affect all cryptos so much?
- How long will it take till we see a bull again?
Drop a comment, I would really like to hear what you think.
