And Bittrex is the exchange to trade them.

Poloniex still seems underpowered. While Shapeshift and Changelly dropped support.

And I wonder what is going on

Wanted to exchange some Steem Backed Dollar {SBD} for Bitcoin {BTC}, Litecoin {LTC} and Gulden {NLG} recently. The market seemed in a panic sell, after what seemed like a managed pump. Yet, no matter what it was, after that it is a good time to buy some long term cryptos on the Bitmoney market. Inbetween other things to manage, normally quite easy, choice of three for quick conversions. For Gulden though I would have needed Changelly. That one supported a long list, beside Steem and SBD, also Golos and GBG {Golos Backed Gold}. To my surprise though the list got shortened a lot. And they still should have refunded me some Steem by now. Shapeshift did give better support, I have to state. Went over to their site and saw that Steem support had gone there too...!?

Okay what is going on, the Bitmoney market crashed after a big pump, it happens. After that it will pick up again and as I am in it for the longer term I kept my cool. And when it goes down in red like that then it is the ideal time to buy more. That is at least how I see it. Last friday I had a warm long busy day, came home late at night. Checked the cryptocurrency market, looked like it was bot managed to flood it. The build up already seemed to have been done a few days before by the so called 'influencers', their websites, their Social Media channels and those who parroted the predicted doom massively.

Big fear, uncertainty and doubt {FUD} spreading time and than it is just a matter of counting down and keep cool. Bots will dump large quantities on the Bitmoney market and this will trigger a panic sell downfall. Lots of red candles, average price drops of 65%. All one needs to do at such times is wait a while and then start buying again. Soon the cryptocurrency market capacity already went back up from 55 to 65 billion and currently close to 75. Lots of green again... So, always question the FUD, because it is just a sequel. It is about creating leverage gain. (From my point of view.)

Did we lose Shapeshift and Changelly?

Well, Shapeshift went over to the Ethereum based blockchain technology, while Changelly is heavily CryptoNight blockchain connected. It is a pitty we have to let them go, apparantly. The bright side of it all is that we have Blocktrades, well intregrated with the Steem blockchain. Now there is a chance for Blocktrades to fill up the gaps that Shapeshift and Changelly left behind. Bittrex is still on the light side and of course we have the Bitshares DEX {Decentralized EXchange}. Seems that Shapeshift has chosen inferior Ehtereum based technology anyway for their Prism project, while the superior EOS was just around the corner. So maybe it is for the best for Steem and others to wave farewell to Poloniex, Shapeshift and Changelly.

And just as with that recent cryptocurrency market drop this can be seen just as more opportunities handed out. Gaps left behind to be filled and new horizons to be explored.

Steem on and have a good one!

When the market gets pumped, just keep cool and just stroll on

photo cc-by-sa @oaldamster

PS Only invest what you are willing and able to lose. Also your speculation might be as bad or as good as mine

EDIT: text corrections and links added.