This bear cycle is definitely faster than the last, but hitting 2k is not making very good use of the height. There will be many pockets of liquidity unexplored. That is the purpose of the recoil back

It is a result of the price going down, and some of the 'hype' fading. Those who are on board for the long run will continue to post, whilst others who came to make a quick buck (idiots) will leave.

SBD is a directly manipulated asset, much like central banks, the witnesses control the fundamentals for it by adjusting it's monetary policy (interest) which encourages either holding it, or converting

Believe it or not, that is exactly how markets have always worked. Wealth distribution at it's finest.

Nothing can continuously go up without healthy pull backs.

You'll know when to buy. I've been around since July of last year, when the price reaches capitulation, most people are gunning for the exit.

It is not a good time, not yet. The capitulation stage of the cycle is when most people don't even want to buy the asset any longer. Right now, too many people are going to buy the dips. I neither see

Big events coming to Bitcoin. Be prepared.

Bitcoin confidence compounds with alt-market confidence. The contrary is also true.

Cheers. Steem on.

I invite everybody to follow my daily analysis STEEM. It includes analysis of Bitcoin and other macro/micro economic factors supporting the technicals.

At this point, Bitcoin is more important. Probably wise to keep an eye out on that.

Good luck with it. Check back for updates.

The drops are fast yes. Often drops can wipe out months of gains in just a few minutes. The system is not managed by anybody. There is no situation where the system will "take" money from people

The bigger the drop, the bigger the pop.

STEEM and BTC for that matter went through a very long valley of death.. I don't expect to see us going anywhere near that low for the foreseeable future. Many long standing members of the community have

You can tell a lot from the price. The footprints are clear. Steem will decline in the short run. Long run it has a lot of room to grow.

Basically, the real question is how far will Bitcoin fall. If it falls to 1850 usd or there abouts, then we could be seeing 50 cents on STEEM.

Welcome.

This actually happens in less illiquid markets. The likely scenario for STEEM is that it requires a much steeper decline to reach capitulation.