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RE: I Believe in Steem - Five things I can do to help steemit grow
Thank you for your work and support! Bitcoin is bound to correct at some point, but it may continue to rise for a little while. Investing in steem may be risky, but I believe it has more room to grow than bitcoin in the long run. But, it’s really all speculation. No judgement here, whatever you decide. Congrats on all your progress, hopefully in 6 months I’ll be in the same position giving back to the community with what I can.
And Bitcoin has continued growing today, while steem has slipped back again... It's really tricky to know when to move.
Yeah it is. I have no idea how high bitcoin can go. People are going bonkers right now. It can go to 50k or crash back down to 5k in the next few months. I don’t think anyone can predict it at this point. I have some change in bitcoin, nothing serious. But it’s still a bit nerving for me.
at this point, bitcoin will never go down to 5k NEVER
I don’t think we can know that for sure. Bitcoin can’t support itself efficiently right now and is having scaling issues. It’s primarily hype right now that drove it up so high. There’s a good chance the bubble will pop. But it may not, know one can really predict what’s going to happen.
the bubble could explode but will never drop below 5k
and too many companies and people have invested in bitcoin, that just by the fact that we all use this currency, is giving a "real" value, the value of supply and demand and I think that value is no longer below the 5k