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Hello dear steemians, it's good to have you back here in this platform today, I will like to be sharing my views on this topic themed the simple analysis of steem, today we have witnessed much go down in prices of many crypto in the market and today it is also affecting our dear steem. All we need to do now is just to stuck together and do things accordingly, so that we can make the price to stand strong and don't fall down again.
Lately, I have done so many technical analysis on Steem because it is my favourite coin and I like checking on it all the time, I have read the charts and also used other chat reading formats, but I don't really think it will move from it's particular price now. We all know that almost all the crypto in the cryptocurrency market are all moving down instead of going up, and it will really take a very long time to balance.
Steem is seen to be one of the little stable coin we have, but accidentally everything went down, the reason why it was like this is because of the too much sell of steem and also there is no scarcity of it. When something becomes scarce, it turns to become the most valued just like the Bitcoin, and these time always comes out in the crypto world, when all the coins will loose it's form and value just to favour the investors to come in and splash their money on it.
We all know that in this life, we only do business to make profits and keep our life gound, that's thesame thing here in the cryptocurrency world. You only come into the market and buy the coins you want and with the ecence to make great profits when the prices becomes better.
In my own idea, I can equally say that it is really much advicible to buy than to sell in this bullish market, the market is not really looking good and everything is just falling down, all we need to do is to keep calm and invest in any coin we trust in, rather than selling them for one reason or the other. Steem is the best and good crypto to enter now, we all know that the price has gone really down and it is certain that it could go up at any point in the day, thesame thing is applicable to other good cryptos in the crypto market.
It will really be a thing of joy and good deeds if steem eventually rises above it's price within the next three days, I will really buy some minor things that are important to me and mostly I will not sell all my steem, I will just seol a little to cover the small money I have been spending on data and airtime.
But if eventually the price of steem goes up, I will like to buy a laptop so as to make my work here in steemit more smooth and interesting, I will also buy a laptop powerbank, reason is because there is no good power supply here in my country, so I will buy a powerbank for it and my blogging in steemit will be much more interesting and advanced.
My steem is really like a precious gold to me, and I don't reakky play and joke with it in this life even if it's just little, I only target that my steem will reakky go up in number in the coming months, it will never remain thesame as it is this month, I wish to upgrade it with atleast 500 more steem in this coming months, I know that it is never an easy task but with the help of the steemit team, everything is possible.