Even Redder

Well Steem did it, 4 hours ago it broke the $1.00 barrier and is now trading for less than a dollar, right now it is priced at less than $0.98.

Of the Top 100 coins in market cap only 4 are in green the rest are red, and the one that I notice the most is Litecoin, boy that one is sure down.

I wonder if Steem is going to go to the previous bad record of $0.08 per Steem? That would certainly make a lot of people run away. And of course it would be the ideal scenario for whales to buy more Steem at cheap prices.

Now I think it will eventually hit a low, not $0.08 but certainly close to $0.50 and then it will rebound, so I guess buying Steem is not a bad idea (not that I am giving advise).

Looking at this I think Bitcoin's market cap could go below 100 Billion for the first time in a long while, that would be a bad sign for many, but again I think BTC will also rebound hopefully.

Remember Crypto is an untested world, it could just collapse completely or maybe come back much stronger, nobody really knows I guess,( except if in reality this whole thing is just another manipulation by the unknown powers and they know). I guess I am rambling there, sometimes I lose control of what I think.

It sure is hell for authors though, because the value of any vote received is very low, so payouts for posts will be quite low in the next days. I will keep on posting anyway, I really expect things will get better, and if they don't I still get to write down whatever is on my mind.