RE: I love steem. The price is starting to hurt. One last bullet!

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I love steem. The price is starting to hurt. One last bullet!

in steem •  8 years ago 

I hope all is going good for you but as it looks, take an screen picture and see for last time that beautiful dollars because Steem is heading to 0.20 cents and lower, there is no way to stop this. so there is a big chance that u can end with 2000k or even lower, buying steem power at this point or even lower sounds very crazy because there is lots of supply and not much demand, I hope I am wrong but charts do not lie, sentiment is not the best. leave your steem Power grow or powering down is a big call for you because you have a descent amount of money there, I do not see Steem going over a dollar ever unless a miracle happens, the question is how low can it be. May Steem will honor his name Steemit peoples money!
The best bet in Steem is becoming a great Blogger thats the strongest point in steem , but rathen than that I will not put a cent on Steem. People is desperately Milking it.

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Why exactly do you think steem cannot grow anymore?

It can't grow anymore because many have been saying the same thing for months. There's no point in buying Steem or SP, it dilutes indefinitely and constantly. It was in a bubble but now no smart trader will touch it unless there are some drastic changes.

Buying Steem means you are donating your BTC to content creators and people powering down. That's the sentiment on the market and I can't see it changing anytime soon.

I think its more like buying a bond

A bond pays you interest and you can get your money back by selling it around the same price depending on the market. SP dilutes like Steem just slower and you can't touch it for 2 years.

The thing about Steem chart is that there's absolutely no indication of a bounce or reversal coming, there's no actual interest in buying it. I personally wouldn't even buy it a 10 cents and I've been a trader and a investor for years now. And I'm just mentioning the technical analysis, I'm a fundamentals guy, so don't get me started on that ;)

i disagree with that.

The value posters are bringing to the platform is >0. As such there is also fundamentally a bottom to the value of the platform. So while there is dilution as ling as the platform is growing by >10% per year the value of SP should be going up. If the platform is stagnant or declining than as SP holder you are in trouble.

Fair enough, but you don't think the platform is in complete decline for the last two or three weeks?

That said, currently the amount of post is declining, so this particular growth is missing. At the same time a competitor (saner) is about to come to the market so these things are bad

I don't think, I just see.

right if you look at the last few weeks the charts looks bad. but trends do change. Just because the price has tanked for a while does not mean it is going towards 0.

the promote button was a great idea from developers to inject steem dlls in the system, but hungry toxic whales, I'm not powering up at the moment until 0.20 cents if happens right now i am filling my bags with, will see what happens.