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RE: Nothing Compares To The Love Between A Father And His Kids!
Says the guy who sent all that Steem you bought yesterday from Bittrex to your Wallet here while this (Shitcoin) drops too with the rest of the market. Wow we should really be taking advice from this guy we are doing it all wrong. Pfft you are a true idiot and hater.
If that's what you think about powering up your steam, then you might as well leave the community immediately. My powered up Steam still has the same proportional power to what it used to have, and 100% of it is powered up. I did not treat it as a day-trade opportunity.
What I put into Steem was a small part of my crypto investment, and it seemed like a decent hedge against the coming bitcoin drop because a lot of users are locked in with a 13 week power-down time (yeah, the liquid currency has dropped some, like everything, but I got 90% of my money out into fiat within $50 of the peak, which is a challenge when it comes to crypto).
Steemit seemed like an educated movement of a small portion of my assets, and a great community, so I powered up. Notice my Steem is not liquid. It's the only social network that seems interesting to me, as I do not participate at all in Facebook, Instagram, and find Reddit incredibly juvenile.
Quick sell-offs are not possible with Steem for a large chunk of users, and it has the network effect going for it. I have no doubt that Steem will recover. BTC, on the other hand, might be dead long term. It will see some speculative recovery, but the team has been so slow to adapt, and with the blocksize debate, segwit activation, possible future blockchain split - it's all drama and no innovation. Core is paralyzed by the success of the platform they had nothing to do with creating. It used to be cheaper and faster than western union. Now it would probably take you less time to crawl to a western union to transfer your cash, and be cheaper to boot.
I expect Steem to recover faster than all this other garbage, because it has utility and a large contributing community, unlike ETC and Dogecoin, which will be permanently dead, since they have absolutely no utility, but have been pumped and dumped like cheap whores.
This whole fiasco has been entertaining watch - everyone going bananas about shit projects without actually reading whitepapers or studying the teams behind what they invest in. Fucking Earthcoin was up 70% the other day. It's hilarious.
If you didn't see this bubble peaking, and you don't study the technology, then you should get out of this crazy market and move your money to a less volatile investment. That would be best for your kids and their future.