Steem is at a low of $0.94

in cryptocurrencie •  7 years ago 

For people who are Crypto investors, now might be the best time to invest!

Right now steem is sitting at $0.94 USD!

Back in march, Steem dropped to around 5000 satoshi's (value around 7 cents) then rose to a high of around 88000 satoshi's by mid June. Had someone invested $100 in march and sold in June. The person would have made a 2860% gain on their investment. In simple terms, 100$ would be $2860 in about 4 months.

I would recommend taking a chance on Steem going up again!

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It'll probably get lower than that sometime soon.

@wolvesabyss got you a $2.36 @minnowbooster upgoat, nice!
@wolvesabyss got you a $2.36 @minnowbooster upgoat, nice! (Image: pixabay.com)


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yup, I think its cheap, just buy now

Exactly

Yes agree I think now is a good time to buy a lot of different quality cryptocurrencies. For the past couple months everything has been slightly overvalued but now is a great buying opportunity. Look for projects that you feel will be around for the next 5+ years.

yep i agree. its a gamble but I can see steem rising in the future

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Thanks for sharing this! I'm pretty new to steemit, so I'm still pretty confused on the currencies. I've tried reading guides, but I'm still a bit lost between Steem and Steem Dollars. And I think Steem Power is just the "authority" and "value" behind your up-votes, right?

Steem is just like a coin. SBD is like money you can withdraw any time. Steem power is how much stake you have in the site. It will decide how much your likes/upvotes give. Hope this helps clarify.

I appreciate it! Thank you. So 1 Steem is like saying "1 BTC" that you can buy/trade/sell? SBD (Steem Dollars) is like Steem but you can withdraw? Then does that mean you can't withdraw Steem? Sorry I'm so noob!

SBD is a currency on the site more like dollars while steem is a digital commodity like gold and has a higher volatility. They can both be withdrawn through exchanges like blocktrades or bittrex.

Gotcha. Thanks! Appreciate the run-down. :)

This post has received a 10.28 % upvote from @booster thanks to: @wolvesabyss, @wolvesabyss.