It's a mazing how a little BTC pump gets people all excited and start making calls for the next bullrun. C'mon, this is 2020 guys, shall we stop with the nonsense? IT'S OKAY to move on to new tactics. It feels like this is what 2019 was really all about. Pump and Dumps, Small hypes here and there and ultimately predictions that never amounted to anything. People predicted $20k BTC by Decemeber 2019 and here we are, in 2020, and still below $10K.
If there's anything I have learnt so far in this space, nobody knows shit!
Reading chards and doing TA is useless. A lot of the movement in the market is pure manipulation and the current mini pump doesn't seem anything short of that. Yeah, hype it a little if you please, but I'll not be surprised if we are -10% by end of day, or tomorrow. Because, history repeats itself.
ION, I still can't believe how low STEEM trading Volume is on Binance. It's such a shame really. With a community as large as ours, I'd have expected something better than just a mere 21BTC trading volume. It's even better today, a few days ago it as lower.
STEEM also seems to be going down at such an alerming rate, but again, nothing new there. For some reason there's always a reason Steem tanks, but I am pretty sure we will be up sooner than later. Though not the best of times when that happens, but it's a great opportunity for those that are working towards their Steem power goals.
Personally I have learnt it's much faster to accumulate Steem trading, than it is with earning curation rewards or creating content. I am doing a little bit of both to hit my STEEM goals much faster. Again, this is quite a gamble, you have to find a smart startegy to go about otherwise I'd encourage you to hold onto your STEEM if you haven't the courage to take that kind of a risk.
One of the main problems with having such low trading volume on Binance, it's very easy to manipulate which would explain why we always seem to get hit harder than other coins. Have you cheched XRP volumes? Shit coin as many would call it, they seem to hold their position much better than Steem cause they have better volume. I'm not saying we should all trade Steem, but I do think we need a balance on both ends. Both Steem Powered Up and Steem Trading Volume.
Anyways, let's see how this month unfolds. Perhaps the Crypto gods are upon us, time will tell.
