STEEM(it) is on fire!! One of the best recoveries after the "crypto crash" earlier this week.

After a serious "crypto crash" earlier this week,STEEM is one of the few crypto currencies to manage a solid recovery.

This week has brought us yet another chance to buy STEEM tokens for dirt cheap and add them to our lovely SteemPower(SP) collection.Many steemians used this golden opportunity to exchange their hard earned SBD tokens for STEEM at a very reasonable rate.

Since September the 2nd,the market value of STEEM started to spin downwards after major other alt coins,like Bitcoin started to retreat from its new all time record price of $5013.STEEM saw some pull backs,and ended up drifting around the $1.20 mark between the 4th and 5th of Semtember.

However,since the crypto currency markets have started recovering,STEEM is currently on a roll once again!With a current value of $1.64 many traders are keeping a close eye on this token,knowing that it holds great potential.

With the volitality cryptocurrencies hold,it is uncertain to say when STEEM might have a major break through and hit that magic $10 figure we are all so desperately waiting for.

There are a few on going plans regarding updates and new features , that I think might shoot the market value of the Steemit platform through the roof!Read all about it here:

Leaving so soon?Catch up on some of my other posts here:

❖ Useful tools that might help you get brainstorming on your next blog topic!

A minnows guide to start using Steemvoter.com | And how to setup rules to automate some of your posts!

A few more ways to help you get brainstorming again?! Find awesome blog topic ideas right here

Get yourself some delegated STEEMPOWER today!

So you invested some STEEM...now what? | Make your STEEMIT account grow even faster! 🚀

Get in touch: I am @gingerninja on Discord ,and SteemChat.

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I must admit - I love the volatility 😎
Now that you're a Team South Africa member - remember to use teamsouthafrica as one of your tags to get some up votes hey 👍🏻

The volitality is always fun ;)
O hell I forgot about that! Thanks for the reminder ;) You are a true friend @cheeto.blue :P

Yip, great for trading hey 😎
Schweet man 👍🏻

Thanks for sharing...

We know that Steem has a great potential as a long term investment ;)

Yes it seems that Steemit is indeed making a good recovery. However, no sooner than our post reward value starts to increase within a few short hours they start to decrease again. Why?

@freedomexist,there are quite a few reasons for this happening,the main reason being that Steemit.com works on a average value of tokens over the past 3 days.Our post payouts values will see some increases in the few days to come :)
Check out this post by @penguinpablo that explains this with much more detail: https://steemit.com/steemit/@penguinpablo/here-s-why-your-potential-payouts-are-going-down

Learning to read the markets and buy when the price is right, with some help from friends giving advice, helps grow the site at the same time.

@joanstewart, Definitely mate! With friends sharing advice we all will grow together =)

You can say that again. I missed my opportunity to get my SBD into Steem at a nice price. I got greedy! Was expecting nice little up and then one finally another push down. Steem had other ideas!!!!

These markets are so unpredictable...one moment its down,and the next it shoots way past the moon! :D
I also missed my chance :( Converted at around $1.50...regret always comes too late ;)

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