Hold on, this is not a post predicting any bull runs or implying that markets have turned around. But as STEEM continues to remain an underrated token for a blockchain powering some excellent dApps, I think this is as good as it's ever going to get as far as prices are concerned.
Ofcourse, if BTC were to tank down to $2K then we're likely to see sub $0.20 for STEEM but let's not hope such calamities. Higher prices can certainly help the ecosystem but lower prices aid greater distribution.
These are times when that you buy and trade it when it's higher, then buy low again and increase your token accumulation. This works well for every token. It's not easy to do it but it's quite possible in a market as volatile as cryptocurrency.
Anyone interested in speculating on the value of the token today has a chance to enter the market at a relatively low price. Bitcoin as well as STEEM have reduced well over 80% from the ATH recently. Infact STEEM retraced nearly 97%-98%.
It's quite likely that in a year or so many of the development objectives will be met and Steem blockchain will be powering more dApps than ever before. Many of these dApps will onboard thousands of users as well.
Maybe we can revisit these types of posts in a year or two from now and see how far we've come along. It would be great to improve our marketing strategy to encourage more users to use dApps built on Steem vs other rivals in the meantime.
Low prices are provide a great opportunity to improve your stake on the blockchain. I started out with 10SP and have mostly held my stake earned throughout as well as purchased and traded STEEM to increase my holdings.
It's hard to say how high we will go again. These are things one cannot predict with certainty. I would love to see STEEM hit $10 or more.
However, I would prefer many million users use our blockchain and enjoy using it so much that they deem STEEM worthy of their attention and investment at these high prices.
When we look back 3 or 4 years down at this project, i'm sure we'll wonder how cheap STEEM was at these rates and how underrated this project, blockchain tech and value of the asset was throughout 2018.
I'm hopeful that many of the users today pushing for development and growth of this project will remain with it in the months to come. Meanwhile, don't forget to seize an opportunity to increase your stake if you can.
What say you?
If you like my work kindly resteem it to your friends. You may also continue reading my recent posts which might interest you:
- Let's Watch This Fun Video From International Steem Meetup #1—Malaysia
- Why You Should Vote For Firepower As Witness—Witness Campaign Post From India!
- Steem.Chat Contest #57
I’ve already took advantage of the low price to increase my steem power although I’d like to see the prices rise now. Cheers
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When Steem touched $8.5 in January, 2018 (100X gain from all time low), many people looked back at March-April 2017 when Steem was 7-10c a piece. Hopefully, history will repeat itself!
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Well said
The steem price is underrated with so many functioning dapps. Tokens with use cases will survive
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Same way I would love to see the price of steem in the sky high.wish good luck for such good days to all.
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I believe in steem so do you and yes few years down the lane we will really think of the price of steem as even i believe and wish to steem at 10$.
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Doubled my holdings in the past couple weeks. Also powering up 100% no one should be relying on Steem for 100% of their income... Yet
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Yeah still super happy with my call to get some Steem at 40 (sounds f*cking expensive now haahha) and 22 cents and indeed, if BTC tanks Im gonna buy a whole Orka of Steem with that ;)
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22 cents is a STEAL! I would be happy to see STEEM go up with the market now. But i think we may see some low prices again if this market turn around becomes a bull trap lol.
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@firepower, Yes, this may be an downfall phase but as you said and in my opinion it's an opportunity to grow our stake if we can afford because we never know in future where prices will going to sit. For some, lows are pains but for some it reflects as gains.
Let's see where we will going to stand in next December, i believe that we will going to stand on far more better position for sure. Stay blessed 🙂
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If we do have millions of users between all of the apps. People with 500sp will be looked at as big accounts. Never mind the users here now that will be the whales of the future. A dolphin will have upvotes worth $10 and that will look huge to new users.
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That's sounds exciting
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You are right sir. There fore I am accumulating as much as I can and
I also started I new concept on steem which can make readers to read blogs more interesting when they get rewards for that.
I am inviting you sir to join this competition that will be my pleasure if you can
Here is the link sir https://steemit.com/steemit/@sumit1998/win-1-steem-in-my-every-posts-just-follow-resteem-upvote-and-comment-and-win
Hope you liked it
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I believe 2018 had been a year of slump for Blockchain industry with each of the coin falling to their low. But at same time it is good time for many to increase their stake , as buying at low is the secret way to success. Steem having a low grade now, but after getting featured in #stateofdapps its good time for all Steemian to come forward and start using all the dapps built on steem Blockchain. The more movement on different dapps will bring more upward flurry on steem eco system . Hope I am right in my thought...👍
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I almost don't want more people on board now, when it is that(relatively) easy to accumulate steem. ( ;
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Very informative post. Your post is always amazing . Sir.thanks for sharing .
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Ho! Ho! Ho! Merry Christmas!! I've given you an upvote and left you this amazing automated comment!!
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For some users,
Increase stake = post more ;)
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