Just Bought STEEM at $1.89

richardcrill (67) in steem • 7 years ago (edited)

Screen Shot 2017-06-21 at 6.27.38 PM.png

It looks to me like it may have a little support right here at 76000 satoshis. The support is only 2 weeks old so not enough for a big buy for me, because It could go back to lower levels, but I am going to go ahead and pick up some here.

This trade is based more so on the successful movement to HF 19 than anything else. I think a few people might be a little more bullish on STEEM now!

This is not trading advice, just sharing my trade.

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7 years ago by richardcrill (67)

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htliao (76) · 7 years ago

Yes, hard fork 19 was such a huge success that Steemit will definitely have a bright future with thousands of new users flocking to here. Steem price may consolidate in this area and soar, and that's great to power up, wise choice.

dontstopmenow (68) · 7 years ago

Nice one !! I think in the long term you are gonna do great. In a few days.. hard to know. But holding will guarantee you good gains, imho.

Good luck out there!

izbing (59) · 7 years ago

I hope you will make a great profit. In my opinion you should wait 30 or 40 days minimum with the HF19 I think it will go down a little for some time but much back up thereafter

richardcrill (67) · 7 years ago

That's probably good advice. The next month will tell us if this was a good move or not! If it does go lower, I will probably pick up some more!

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recreator (45) · 7 years ago

@richardcrill I was looking at the daily chart and i think a good entry for a long would be around 68300 satoshis where i drew the horizontal line.

richardcrill (67) · 7 years ago

Thanks @recreator

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recreator (45) · 7 years ago

Just curious, what other cryptos are you invested in? I had some bitshares but got out just before it popped from around 6 cents to 40 cents haha :). Now i'm just into steem and reddcoin. You think reddcoin has any future?

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richardcrill (67) · 7 years ago

I've seen the name, but haven't had time to check it out.

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dreamrafa (66) · 7 years ago

Nice!... It is actually a wise move to buy steem and power up, now that our voting power grows linear with our SP, seems like a good deal... Before HF19 you had to power up like 50k steem or more to have a significant voting power, now you can do it with much less...

bscot020 (51) · 7 years ago

DCA... If it goes up you made a profit. If it goes down you buy more.

moneybags (49) · 7 years ago

I'm looking to pick a bit up myself, just waiting for the right time, maybe this is it. Probably the best is ease in to it and buy a bit each week that way it reduces the variance. Will follow for more trading updates (not advice) :)

erx (25) · 7 years ago

Same here going to grab some to hold onto.

steemanator (40) · 7 years ago

Long term and short term this move looks great.

financialcritic (57) · 7 years ago

HF19 should incentive new users, which should hopefully drive price up.

imjason (41) · 7 years ago

Yea I definitely think Steem should go up soon but why did it fall? Was it solely because of the HF? Great price entry though, I just bought some yesterday around $2. Following, hope to see more great trades!

rangertx (65) · 7 years ago

I was thinking of doing the same. You just gave me the push I needed.

catotune (50) · 7 years ago

I'm thinking now that HF19 occurred successfully, and the overall reception had been positive, we probably will see a steady upward trend in price. When it dips, I'll buy!

skrzypietz (55) · 7 years ago

thanks for sharing

deanlogic (61) · 7 years ago (edited)

Good luck!
May it increase in value for you and everyone else.

jordanlindsey (57) · 7 years ago

You are right. We have some nice support at 76000 and if that breaks we have STRONG support at the 66170-66346 satoshis. Another buying opportunity.

Nice buy @richardcrill and nice post!

I'll be buying more too

jr-me (40) · 7 years ago

can't say am suprised.. niece piece

chevyh (25) · 7 years ago

Thanks for sharing

suggeelson (64) · 7 years ago

Price looks like a bargain now. I know will be more expensive in the feature so you make a great choice. Time will tell more.

td4me80 (44) · 7 years ago

Buy! Buy! Buy!

fuckmylife (59) · 7 years ago

I think the hard fork was just in time.

muxacka (28) · 7 years ago

Bought some at 2.02 and looking to HODL till HF 100 :))

imwatsi (67) · 7 years ago

I think there are two effects that will affect the price of Steem in a significant way.

The value and usefulness of Steem Power has been multiplied and people now find it useful and profitable to hold their Steem. This should reduce the amount of liquid Steem on the market and when that happens the price will start to rise as demand for Steem continues to grow with new users and the growth in popularity of this community.
The hardfork has opened up opportunities for entrepreneurial activity on Steemit. People will soon find their own model to use Steemit profitably by buying Steem to increase their voting power and influence on the platform, which would lead to more earnings for them and they will turn around and invest even more in Steem. This will be good for the price of Steem and the value of the Steemit community.

This is just my view on the hardfork and its effects.
Thanks for sharing your trade, I think you'll soon be glad you made it. :)

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