Crypto markets crashing again by drutter

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cryptocurrency · @drutter · Feb 23 '18 (edited)

$0.05

Crypto markets crashing again

![bitcoin.png](https://steemitimages.com/DQmVfWqCnEewF8fBdctVYWBrWNr65RFtJY7YsVGq5Pf3k86/bitcoin.png)

- Bitcoin down almost 20% versus the dollar in the past 3 days
- STEEM has crashed from 4.54 to 3.29 USD in the past 3 days
- the cryptocurrency market has lost more than half its value since the top last month

This could be a "technical pullback", considering the gains over the past 2 weeks. 
Bitcoin may find support at the moving average on the daily chart.
But as of now, the bottom is not "in".

Long term outlook is excellent, and most of the current price moves will in time likely be seen as "noise".

STEEM is backed by a thriving community and top-notch code. Steemit has intrinsic value - value contained within. Unlike the volatile price of STEEM, the intrinsic value of Steemit can only increase steadily over time.

Thank you for investing in Steemit with me!

👍 fishyculture, memebot, hope-on-fire, sloe, jasonb777, smokiethebear912, savagegoose

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@cryptoissweet · Feb 23 '18

Added to my follow list. Keep up the good work and what do you think of the current market?

👍 smokiethebear912

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@drutter · Feb 23 '18

Thanks! I think the current market is great for people like me, who want to get established in blockchain technology and cryptos, and stay in for years. I'm not really interested in short term trading. Either way, earning STEEM right now is a wonderful thing.

👍 smokiethebear912

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@fishyculture · Feb 23 '18

Keep on steemin'!

👍 drutter, smokiethebear912

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@jasonb777 · Feb 24 '18

Well said.  

We're all invested in the platform.  I don't post based on the value of Steem.  I'm sure most of the other serious people on here are the same.  In the end I think that will make Steemit and in turn Steem successful.

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@drutter · Feb 25 '18

Yeah!! 
Eventually, most of us putting in good content (and curation, etc) will be rewarded in some manner. Likely that will look something like a pile of STEEM worth quite a bit each, and/or some continuous income. 
We'll be seen as the "early adopters" in a few years, or less. Things move quickly in this realm! : )
Good to have you on Steemit too.

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@laique · Feb 23 '18

Good Job Fri...

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