RE: A look back: I predicted a lower Steem and SBD price. We won't hit bottom for a while.

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A look back: I predicted a lower Steem and SBD price. We won't hit bottom for a while.

in steemit •  7 years ago 

It seems that I (and the TBD crew) showed up at an interesting time here. As much as I'm sure we'd all like to see cash flow, this is obviously not the same as BTC or what have you...so it needs to be approached differently. Maybe things will pick back up when the leechers realize it doesn't work that way? shrugs (maybe I only half know what I'm talking about.)

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You guys joined during on of the busiest months for newcomers I have seen- the direct result of the delegations for the various platforms. It has to reach an equilibrium, I just feel it is at a lower price. It will rebound after finding a bottom I just don't see it until things "settle down".

It is all good, I admit I am part of the problem, I have cashed out roughly half of my rewards since streaming on Dlive to directly upgrade my equipment. In my defense, most of the crypto I cashed out to buy my laptop was bitcoin, bitcoin cash, monero and ethereum (only 15% was steem).
Oh well: it is what it is. Maybe this price correction is needed to gain mainstream appeal.