HODLERS shoudn't read and care about day to day news. Consumers, traders and speculators should. You can be all four, but it takes too much effort, different types of character and skillsets which are almost impossible to find in one person. That is why we specialize and try to become the top of the arrow in at least one of these categories. Check out my last article.
You noticed, I wrote that STEEM, versus Bitcoin stands stable around 38000 satoshi.
When price is stable in the market that has daily growth you have relief for HODLERS, constant capital, but I would rather use word value, special value like as treating actions themselves as abstract objects, putting value to them, something we do on STEEM - we put abstract - time, knowledge, experience, faith, idea we combine it into something real, serving us as a proof that we are creating value; so constant influx of value from consumers and a lot of room and signals for speculators. Then this happens:
What you see in graph up there can be described with studies. Here are some of my favorites: MACD study, we can see that Exponential Moving Average, also called EMA, crossed Signal line when price was in uptrend. Using Williams%R we can see that price was trading well in top ranges and that Bear power was small. In Elder ray we can see that we were on a Retracement move, which I like to wrongly call retracal. Parabolic SAR shows that Correction move was shorter than the [upswing] (https://en.wiktionary.org/wiki/upswing) and moves in shorter price range.
Science mumbo jumbo right? I don't disagree.
Sometimes believing in rationally proved dominance that science has over abstracts like knowing, intuition, vision, ruins. It is good when abstracts are supported with "science", or better, supported by part of the qualities that science has. I will call that science effect product.
If we can milk cow and after that make cheese and eat it we have science effect product. Idea, knowing of that man that milked cow for the first time after seeing cows youngs feeding on it. That man started the science effect product, and with time, he expanded it to all sorts of cheese and milks. That man, that milked another species, milked their parts that are close to animal genitals and fed on it, started the science effect product.
Believe it or not, this is what we are doing on STEEM. And you are right, it is because we are hungry. In the sea of paid media, broken search engines that became sanctuary for commercials with that TOP10 syndrome. It is beyond chaotic.
Back to the science mumbo jumbo stuff. What is happening with STEEM price? It hit top its going back down. No its not going down you dummie, it is stable around 38000 satoshis. Plus, it has real product. Plus, it has daily growth. And the most important - it has sound effect product. Get it while you can.
