Hello all,
Nothing really new on the STEEM. We are sitting since days now on the long trend support line :
We must stay up of that line or if we break it, it must be very short and the market must go back quickly upper of that line.
If we are breaking that line with a big volume, I'm afraid that we will lost this major support and that we could have an important drop. Courage my friends, keep all your steems, we must go break the upper resistance line and keep safe that support line !
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Version française ici : [FR] STEEM - Nous restons collé à la ligne de support
I have not sold a single cent worth of steem since I started here and I don’t plan to.
I May pick up a little bit this evening as I got paid today. Always nice to add to my stock pile. Plus if my buying helps that support line hold then that’s also a plus, not that I’m a big baller or anything. I like to think it makes a little tiny bit of a difference.
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Adding is never a bad idea in my opinion since I am a long term bull.
Adding to your SP will provide you with more benefits than the money you spent.
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Always good to add some SP. Now it is also always difficult to know when is the best moment to do it. So yeah the more secure way is to buy a little bit each week or month.
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I'm also planning to hold for long term. And well, their isn't really a way to cash out quickly because of the cool down period.
So basically everyone is a long term holder on Steemit.
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Steem is not supposed to be a long term investment, it inflates massively by nature, steem power though is very important, it’s like an “influence rate” and makes you and the community earn more SBD, everyone should try to accumulate that instead.
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You hit the nail on the head. SP pays yourself a dividend since you are able to command more with your upvotes. The more SP, the better your percentage of the reward pools.
It is like paying yourself interest...only you just up it a few cents.
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You have to compare the inflate of steem units with the inflate of steem users.
Anyway, your suggestion about SBD is not false neither. Thank you for your comment.
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I still hope it breaks to the downside. Powering up, to me, makes sense and the lower the price of STEEM, the easier it is to do.
Many seem to be discouraged by the lack of movement in the token. For me, it is important to see the bigger picture. This blockchain is under two years old and some things are starting to be developed. Sure, there are some issues with the different apps, that is to be expected. Developers all over the place are working to resolve them.
Ultimately, the steem blockchain can be a major platform for the social media wave that is coming. We are going to see a shift from the silos to this format. People want to be paid for providing content. This offers that to them.
So let the price of STEEM break support and head south for a while....I will be one helping to put in a bottom by adding more to my SP.
Thanks for the analysis.
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Hehe so you are hoping that everybody will lost some value on his account to allow you to have the possibility to buy cheap SP?
Haha yeah why not but I won't sell my Steem just to give you that pleasure :p
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LOL Well smart ones, in my opinion, wont sell even if the price of STEEM heads a bit further south. However, we both know there are traders out there who will finally throw in the towel.
One man's junk is another man's treasure as they say.
If people do not see the value in the steem blockchain and STEEM, their loss. I am in it for the long haul and will look to add when I can. I prefer to add at $.70 than a $1.00 though. :)
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i hope the price goes up
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Keep your steems!!! We will get success!!
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Steem is in the same trend as most cryptos at the moment. Im interested to see where it goes a few days leading up to the fork. I still see it as very undervalued.
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As if we were back to 6 months of the past, I hope things get better, thanks for sharing and Upvoted.
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Great info. What charting tool & feed do you use?
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