Steem Dollar predicting the hype phasesteemCreated with Sketch.

in #cryptocurrency7 years ago

Steem dollar still above $1

The Steem Dollar should be at $1. That's how it was designed and how it prices mostly.

In the hype phase of later 2017 the Steem dollar rose all the way above $10.

Now we're seeing a cooling down period.

The Steem dollar still above $1 shows me we still haven't reached the absolute bottom in hype-phase. So the general Bitcoin/crypto market could still go down from here.

Steem dollar at $1 would then be a great buying opportunity. It has never been much below $1.

Sort:  

Hi, I just followed you :-)
Follow back and we can help each other succeed! @hatu

Looks like steem power (SBD) has been a good predictor of this bitcoin fire sale.

Its almost at $1 now. Would be great to buy it at $1.