Since the beginning of this month, every one in cryptosphere got excited after a long time as Bitcoin rallied over $5000 and even crossed $5400 briefly.

This has given hope of a bull run after a prolonged bear phase.

But yesterday, reputed crypto and financial forecasting agency Weiss Rating signaled a pull back to $4000 level in Bitcoin prices. According to the agency, Bitcoin is overbought and according to its "model" a correction to $4000 will follow. However it didn't provide any detail of its supporting metrics or analysis for the basis of such a drop.

It just posted the following tweet:

Should we sell STEEM at this point?

Going by this prediction, we should sell our STEEM (or BTC or any alt coin for that matter) now and buy back when its prices drop further. Wouldn't it be wise thing to do?

If you ask me, I ain't gonna sell STEEM. It's a risky business to sell at this level and wait for a drop based on a prediction. However reputed the Weiss Rating Agency be, I don't have a strong faith in their forecasts.

Do you remember a little over 6 months back when they predicted that Bitcoin will lose 50% of its market share to Ethereum in five years' period. But when it drew a lot of flak in the crypto industry, it retracted on its words and rephrased it to " ETH like cryptocurrencies" that will overpower the market and mentioned apologies for being unclear about its prediction & statement.

Comparing Ethereum with Bitcoin, they even termed Bitcoin as a one-trick pony. Now these are strongly unacceptable words.

So how can we trust such loosely worded statements!

It's better to avoid even prestigious names in the field when it comes to our money and our crypto. No one knows our crypto assets & projects better than us or our community. I feel majority of crypto community doesn't have a clear idea about the strengths and fundamentals of STEEM. One who knows and understands it shouldn't miss the train.

Keep Steeming!