Why I'm Long Bitcoin and Short Steem going in to 2017

Simply put, “time-to-ramp-up”, or gain momentum. I continue to build Steem, in my purchases, in my account and through curation, votes, posts and comments. I am a “Fan of Dan” (and @ned) – and I hope they are encouraged by this post.

Bitcoin has been “off to the races” over the past month, and I love this 'pull back' however brief it may be at the end of 2016. What a 'Holiday Gift' to the Steemit community. As Bloomberg points out, it “crushed every other currency.” in 2016.

Bitcoin in 2017 I believe will bring the “new eyeballs” to the cryptocurrencies, markets and platforms in the form of on-boarding, faster than anyone can shake a stick at, previously. Watch the “Vocabulary” and terminology change in media sources as Bitcoin 'Shoots the Moon' in 2017.

Why this is a “Good Thing” for Steemit? Viral “mainstream media” exposure to the masses! As Bitcoin brings “consensus” to the market place of ideas and financial backers ramp-up in this 'can't be ignored' wave of buzzfeed, economy of scale begins to grow.

Simply put, I can buy more Steem, converting it to more SteemPower with a rising long position in Bitcoin, than I can buying Steem outright currently – with all it's “Growing Pains”. This is reality. (Like it or not)

“When the genius points to the moon, the fool looks at the finger.” - @luzcypher stated in his post:
https://steemit.com/bitcoin/@luzcypher/bitcoin-vs-gold-why-i-believe-bitcoin-will-pan-out-to-be-more-valueable-than-gold IMHO a “Must Read”.

So as this “Holiday Pullback” happens (people taking Christmas profits), it should be 'off to the races' again for Bitcoin. Hey, there's worse places to find yourself, I.E. the stock-market come Jan. 2nd or in the middle of the Bond Bubble of 2017. So Merry Christmas to All & remember, “Do your own homework".

Image Credit 1: https://www.cryptocoinsnews.com/bitcoin-images/ (Free Images)

Image Credit 2: Coindesk.com

Image Credit 3: izquotes.com

Image Credit 4: @hexdek16