It seems like Bitcoin is going to the moon, but it can't stay like that forever.

My expectation is that we will see a correction on the market very soon. Although I believe Bitcoin still has the potential to quadruple its value, it is growing too fast right now. Therefore, the market has to balance itself out and give the commodity its proper value.

Many people outside the BTC world will speak of a 'crash' instead of a correction. In my opinion, calling it a crash is wrong. Read more about it in one of my previous posts.

Is the correction already happening?

If we look at the 7-day chart on Coinmarketcap.com, we see that Bitcoin reached a new All Time High, after which it dropped about $200 USD in a very short time. This might be an indicator that a correction is imminent. However, for now, only time can tell us more about this.

New trading strategy on the Steemit internal market

I decided to trade on the internal market here on Steemit.com. This is a good method to gain some more Steem (or SBD) on a medium to long term period. Here I explain why.

I have decided to keep 100 Steem in my Steemit wallet to trade back and forth between Steem and SBD. This way, I can make some more Steem. Then, I will trade all the excess Steem I make for other, more established cryptocurrencies like BTC, LTC and ETH. This is to diversify my portfolio and spread the risk.

For the moment I'm waiting for the BTC correction, which I expect to happen within the next few days or weeks. Then, I will trade my excess Steem for BTC.

What is your trading strategy? Let me know! I'm interested in learning new things, as I'm still a crypton00b.

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