BTC fell to $3750 after reaching $4150, a $400 pullback. In this short run, it went from $3350 to $4150, a $800 upside. Moneys are made both ways. But technologies got forwarded. Though we are at the mid or end stage of crypto winter, it is spring for developments, specially Steem chain.
Long winter have drove away many speculators. These sudden rise and fall will kill more of them. Once most speculators are drove out from the market, we may see rise in coin's price based on fundamentals. For that infrastructures have to be built. Steem has very few fiat pairs. It is not traded on ZB.com or LBank unlike Bitshares or EOS, two hot crypto exchanges. Speculators are not interested on Steem. Lots of speculators got busted by @haejin inflicted rumor of @samsung when Steem rose to 44 cents and fell to 31 cents. We need more of them to go away.
We need big investors like @theycallmedan, who believe in the fundamentals and have done his research. He is actively participating in BUDLing the chain. We need more like him: big or small investors who will consume the newly minted Steem.
Steem is all about scalability: highways for future users who will join in millions to thousands of Dapps. Entrepreneurs are building DApps at rapid speed. Few of them will be future Amazon, Ebay, Facebook, Google of DApps. Steem is a gateway cryptocurrency where users will learn and consume all kinds of information. There is little for speculators. Once getting access to Steem tokens and DApps become smoother, steem will rise on fundamentals rarher than speculations. It is just matter of time!
Disclaimer: This opinion is not a financial advice, it my personal perspective and opinion. Please seek professionals for financial decisions.
Image sources: Most images are open sourced (e.g. Pixabay, Wikimedia etc.) with Creative common license. Some images are used with due courtesy to respected owners.
Thanks for reading.
@riseofth
Cryptominer since 2013, occasional trader and tech blogger
Fundamentals continue to rise across the ecosystem as new Dapps are being developed and launched daily. The last link will be adoption and I think it could start this year as more users are onboarded correctly to bring value content and relationships to the community.
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