Cryptos in Reds

It was a major crash yesterday with Bitcoin losing more than $1,5000 in less than 24hrs and Steem got closer to 1 cent. Even SBD that has been pegged to $1 witnessed a major dip.

However, markets react to or the result of people's emotion, I believe this is due to the ETF ultimatum of 34 days.

People who hold huge cryptos in their wallets are majorly neophytes because I can't really get why news will still cause panic in cryptos having been around more than 9yrs, with what we have witnessed from the past and while everyone knows that no one can stop cryptos just like the internet.

When major people realized this and hold unto this, and cryptos gain major adoption, I believe this is when who hold and support blockchain will earn from it because by then there will be less volatility. Tho, I can some posts by Steemians indicating Steem has lost its sight in cryptos but this is not true because they're minds are reacting to the bear and they say "people's thinking is not their real thinking, and never vouch when your sad and never promise when you're happy".

My advice to people is that your negation about Steem won't help Steem rise, instead think and propose to the community how Steem can surge up. At least we can now see ourselves that Steem is better than it's been with the advent of #newsteem

~ Steem on!