Steem is in the RED SEA today

in steemit •  7 years ago 

🐒 Looks like Bitcoin is pulling most of the Altcoins down with it including Steem

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SBD too in the lowest till now.

I think steem has the strong fundamentals for long term survival. I bought some steem last week.I bought some today. And I am planning to buy more whenever the price dips.

People kept saying it's the great sale since last week and I thought I got a deal last week... hahaha... and now further discounts...

That chart makes it look like down is the way of the trend. Maybe we will get bellow $0.06, that would be quite the sale campared to this price . . .

I agree, I have been expecting a broader crypto pull-back anytime between now and Aug 1st, to last at least into August. I posted a few days back about the downtrend being painted on both BTC and Steem chart dailies.

Steem Downtrend Daily 7-6.png

But, as usual, anything could happen.

is this good or not?

Are you guys new to crypto? cuz this happens ALL the time

.

Yeah, pretty rough times for Steem. We're in a little recession now, time to buckle down and resist selling at all costs.

#it'sallfornot

It is what it is

will it get better in upcoming day ?

Overall quite a lot of selling pressure on the market. It's interesting, because Bitcoin dominance has actually gone up. Litecoin has hold up pretty good and Bitconnect has had an interesting run. Bitcoin ha been choppy, giving and taking, Steem and Steem Dollars has broken down over the last two weeks and it's trying to find support. We hope to see some upside but whenever its going up, folks seem to be taking profit, this probably would continue until there is some significantly upside in the overall market