The lack of buyers is beginning to hurt... it seems like Steem is technically speaking on track to go to 1.23 USD, before any SMT-news will come out.
How about this?
Everyone who believes in Steem stops buying now and lets the traders dump it to that price... than he can pick up many more pieces and wait for the SMT announcement.
This would have believers hold many more pieces when it skyrockets... and traders would get almost nothing for it...
In my eyes because of the absence of SMT-news or any other important news I am quite convinced that it will drop to that level before breaking out to the upside.
Disclaimer: This is no investment advice, just my personal opinion. Take it as entertainment. ;)
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very informative your post......
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its going down just because of that btc it is not stable at all no alts has been rising
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NXT is rising 5%, but other than that, you are right... it is really massacre... ;)
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wanderful post sir
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wow very excellent post Thanks for sharing i will done upvote.....
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if it get's back there i will buy a lot again
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its lacking in volume in big time hopefully everything will be sorted out
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i am not buying at such a high price still waiting to see the bearish times so that i can buy more
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You mean the current price is too high or 1.23 USD? Bearish times in crypto could mean 10 Cents, as extreme as these markets are. ;)
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@mexbit sir ..
Difficoult to make predictions. However my opinion is that Steemit will grow. The underlying blockchain implementation will be its engine and will attract more and more people in the future. In particular bloggers seeking to monetize their content.
In this direction goes also the SMT galaxy invented in the last months by Scott the CEO of steem.io
There is also an important investment done by Global Blockchain Technologies announces $20m fund to invest in Steem SMTs..
So yes, I can say that steemit in the next two years will be stronger and bigger. I wonder what effect this will have on the steem coin which powers the economic system under steemit !? But I think that the coin also will get its benefits in terms of value after the steemit growth and the release of SMT...
Thanks sir...
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finally just saw volumes are back in good quantity
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