Steem Price Has Drop Down

in steem •  7 years ago 

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Fellow steemit community, I have been following steem in the markets cap indicate that per price of 1 steem is $1.19 now, which I just bought 48 steem and believe if I hold it for a longer time the price will rocket up where I can make a lot of profit from it. Like example, if like I bought 48 steem costing me $1.1948=$57.12 and incase the price shoot up to $3.2. When calculating it will be like $3.248=$153.60 so subtract $153.60-57.12=$96.48 is going to be your profits so this means that the more you buy steem then you get profit in future. I know newbies wouldn't understand what I mean here. Send me your comment for me to help you.

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The continued fluctuation of the price of Steemit, Bitcoins, Ether and other crypto currencies present traders with the possibility to trade them just like binary options, or day trading just like stock and forex.
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Absolutely true

One thing I dont get, if the price of steem is loosely pegged to the USD, and if the USD collapses, what does that mean for the value of steem $ ? Bitcoin is made so it's completely independant from USD, if anything it would soar in the event of a world financial collapse.

1 steem is $1.19 and the price keeps on changing depending on demand and supply of market.

Good post, This is how the post must loock like, Good quality and Important Info

Keep on voting for more information

Yeah let's have upvote for Upvote

OK but I didn't see you voting

I Vote

I voted as well

Thanks

You r welcome

Looking at what votes are worth now they could use a good increase.

The market through the demand and supply of the currency