About trading STEEM, it is quite good way in accumulating liquid STEEM because we will never know if when we can double it or at least gain a huge percentage once the Bull market begins but it is an event which is certain to happen. The pump either chimes with Bitcoin's price movement or in some moments leading up to it. I can personally say that after this moment, all the altcoins would do the same because maybe because of FOMO or the inherent token's price movement as seen in its history. We do not have to go anywhere else particularly if we find it harder to learn about other blockchains and how it works because in my opinion, playing around with STEEM and SBD token can already give us better returns, all we have to do is base our trading to the history of STEEM and SBDs price from the charts and it will already give us the idea when and what to do at a certain time.
I do not know if it is a good thing to for the relative crash of the price of STEEM but the same crash had given many an opportunity to buy lower again. The fact that STEEM token or any other token except Bitcoin will not reach a stable price just makes it somewhat profitable because you can always buy lower when another bear market begins and sell again after Bitcoin's value is soaring again. However there is a law of diminishing returns which we have to consider which can cause us to gain less in every BTC cycle although profit is profit and all that matters is to gain from our investments.
That is why I can conclude that STEEM's value will just hover more around these lower prices but in the other hand it will also visit better prices propelled by Bitcoin as I was saying over and over again. STEEM and SBD will allow us to profit more either in a matter of hours to around two months based on its long and midterm history particularly in the months leading to the halving of Bitcoin as aforementioned. That is why we should set our game beforehand so that we can be able to profit more than we expected in some conditions which is sometimes the factor of luck comes into play. But again, the chart just shows us when to make a move as if it only takes some time for us to make gains just like waiting for another bitcoin-inspired pump every four years.
I sincerely want the price of the Steem token to rise and stay at the top level for as long as possible. If I came here, I will learn a little how to work with cryptocurrency and try to buy this token. I think I will succeed if I persevere. Thank you very much for the analytical post. Good luck and all the best to you.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
STEEM token moves just like any other altcoin when Bitcoin bull run happens and as I had seen in the past it can only linger at top prices and goes down lower after BTC goes down from reaching the top.
The lowest prices comes maybe after two years of BTC halving and creeps back down again a few cents below these current levels @tetiev
So we can just plan our trading moves based on the past chart. What I like about the price of STEEM token is its volatile moves from time to time which is why it is good to have some liquid STEEM for us to take the opportunity of selling and then buying back lower to gain more STEEM to sell when BTC would rally again.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I understand you sir, so I will try to buy some of these coins when the price on Steem drops. Thank you very much for responding to my comment. I will still re-read this answer of yours and the post as a whole, I will try to figure it out.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Upvoted! Thank you for supporting witness @jswit.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit