Proud of Steem, Disappointed by BAT, but Not Surprised by The Market as a Whole


Has anyone seen any bear lately? No, not me. It's because 2020 is the year of the bulls, and winter is hibernation season for bears, which this year my get prolonged. When I looked on coinmarketcap this morning, right after waking up, to check how the market's doing I was amazed to see that it's doing very well, when I done that, again a few minutes ago, I realized that it is actually doing great, and in less than 24 hours it added about $14 billions to the total market capitalization.

Bitcoin is close to $8,600, at the moment of writing and seems to be unstoppable for now, ETH is doing well at $152 and BSV...maaan Satoshi's Vision is rocking high. It's sitting at $217, after bottoming at $87 on December 2019. Yes, the 17th of December that I mentioned about in an older post, considering it as the bottoming date for a few years in a row.

Scrolling down further, I got to my beloved BAT, which seems to become a stable coin. No matter what the market does, it is almost constantly trapped between 18 and 19 cents. I was so excited about this coin a few weeks ago and so disappointed I am now for trading my ETH for it. Dumb move, gambler's mentality, what else can I say. It's weakness in responding to the market's nice uptrend is in the hands of the company behind it. The circulation supply for BAT is currently at 1,421,086,562 liquid BAT, but less than a month ago it was something like 141,000,000,000 so it seems that in this short time frame, Brave, or whoever mined BAT and dump is it into the market, has dumped 11 billion tokens.

Why have they done that? I guess it's rewards of Brave browser that have been given to users, or who knows what they have in plan. One thing is for sure: my excitement about BAT has deflated a lot, and although I thought a few times to get back into ETH I feel like the loss would be too big. I know that the price will appreciate in time, but this dump has affected it a lot, short term, and its price increase seems to be like ant steps in comparison with the majority of the other cryptos.

At least Steem has the balls to put one cent on its back in one day. Proud of it, and again happy to be still blogging and earning some of that total supply of Steem tokens. Fundamentally speaking, they're both great projects, with seemingly bad leadership and strategies, imo. Hope for both of them to have a nice play in this bull market though, because I really believe we're gonna have one this year, and although in the previous one I wasn't in crypto right from the beginning of 2017, now I am, and am paying attention closely to it. I will sell this time...close to the peak.

The trend has definitely become our friend and it is going up. 2020 started with good vibes and optimism for hodlers, with good trades for smart traders and bad ones for obsessed shorters and noobs. I don't see BTC mooning yet, but I do believe that we might have a re branded 2017 this year, and that BTC might pass the $20,000 mark...finally. I feel like it will do that by mid year. From then on, sky is the limit, or CME, Bakkt and any other shitty products that mess with crypto more than helping it.

Thanks for attention,
Adrian

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acesontop
acesontop

I'm an amateur blogger, crypto holder, and a passionate fisherman for as long as I can remember. For more details please ask, it's free. You can find me on steemit.com: https://steemit.com/@acesontop and Hive: https://hive.blog/@acesontop/feed


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