Voting with my heart...

in #cindicator5 years ago

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Well, this question starts to pop up more and more on the Cindicator app. Questions about Steem and the way the price is going to break (up or down), 1 week forecasts on the price and also rankings between Steem and other altcoins.

It's a good thing that it is up there in the questions and appearing regularly amongst other altcoins, as it means that there is at least some investor interest in our blockchain. Of course, it isn't among the nearly daily questions about the price and directions of other more established coins such as Bitcoin (BTC), Ethereum (ETH), Monero (XMR) and Ripple (XRP). However, you do have to start somewhere, and this last month or two has seen it creep into the questions on a roughly weekly basis.

Which does lead me to an awkward position, as it means that I'm answering the question with a bit of an emotional attachment twist to it. Most of the other questions, I can answer with a pretty analytic look at the price pattern and then jump straight in with a prediction. However, for STEEM, I am finding that I can't do it.

At the time of voting, the question was if STEEM was going to rally upwards by roughly 10 percent, to around 0.0001321 BTC. In my head, looking at the chart, my first thought was an instant NO. I didn't think it would be likely that in the next 7 or so days, that STEEM would make it. However, I did go against my instinct and vote 100% for the upwards motion, that it would make it over the 10% threshold in time. At the time of writing this, I'm afraid that I really should have gone with my head as STEEM is now trading at 0.00011857 BTC.

However, that said, 7 days is an eternity in this market.....

Maybe before casting my analysis, I should have clicked the link to learn more about what the hell STEEM is?

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Okay what is the vindicator app? Looks awesome. Do you earn anything or just a data dump of opinions?

There used to ETH payouts for monthly rankings. Now it is the native token (Cnd) that has value as it allows access to the cindicator hybrid predictions. These sort of predictions are only of any worth if there is some incentive...

i like your logic and photos in here, i use a removeable wallet now and app for one other coin. Ledger looks interesting! thank you for the info

Ledger (or some hardware wallet) is really the best balance of security and convenience!

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Never make business decisions with your heart.
This post is 5 days old, so I assume you found out already, lol

Posted using Partiko Android

Haha... yes, never with your heart! However, this was only an analysis for Cindicator, so I could afford to lose some points! The slaughter is quite real, I've even started to be shorting on Bitmex, something that I haven't done for quite some time now....

To be honest, I don't have a clue wat 'shorting' means... :0)

Posted using Partiko Android

Betting that the price goes down! Long is betting that it goes up!

Thanks. That's an easy bet, these days lol

Heh... how far away 4 days is in crypto markets! We'll see if this green push lasts....

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