Congratulations everyone - STEEM just broke to a 17 month high against the buck!
Congrats everyone, we waited out the hard times and we won!
STEEM just broke the 3 dollar mark for the first time since July 26, 2016:
It has pulled back a little: 2.80 at the time of writing, but looks the goods for a sustained move higher!
Times were tough for a while there when it was below a dollar, but we waited out and we won. I'm still on a powerdown of 150 STEEM a week, but I'll be buying STEEM with my SBD rewards too, so should be able to keep my SP static, or maybe even grow it!
This is such a great platform. My writing work goes very quiet over Christmas as the traditional finance world all go on holiday, but through my powerdown, I'm guaranteed 150 STEEM a week in income regardless - that is truly a luxury for a freelancer and that 150 STEEM is now worth ~$450 USD a week!
Congratulations to everyone who had the foresight to join this great community and stuck it out through the hard times - we are officially #winning!
PS Shout out to the homie @buzzbeergeek for the heads up on this break too - if you love your beer you should definitely give this man a follow - major dude!
Steem is one of the few cryptos that is backed by a functioning product, the rest of the ICOs are mostly based on hype and outright lies. I still can't believe Steem isn't trading above $10.
We have all-time-high in terms of capitalization!
The old ATH of $4.31 on this long term cup and handle will be breached in short order, then it's vertical from there. Who knows where the peak will be? My guess is $50-100, but it could be higher.
Hahaha let's not get too carried away with the double digit calls - but I hope you're right!
I think it has to happen, even $100 Steem would only put us in the top 5, with 1/3 of the market cap of Ethereum. Consider Steem is the number 1 blockchain by activity, and that's with it running at only 0.3% capacity. With the price now it would have to go up 1400x to match the price to blockchain activity ratio relative to Bitcoin.
I think it's taken so long for it to rise simply because it's such a sleeping giant, it takes time for such a large ship to make a turn.
http://blocktivity.info
@steeminator3000 just nailed it! (Not from him but found it)
Hahaha have you got the link? I tried to just copy and paste on discord but came out as a static PNG
https://steemitimages.com/0x0/https://media.giphy.com/media/RUfbFgOgAzvZm/giphy.gifShould have just copied the address #doh
So good!
"Blockchain" is the new hype thing. Combine that with "Social Media" and you have an explosive product on your hands. This is only the beginning of Steemit's story.
^ What he said
Congratulations to us we have to celebrate for this hey
By the looks of it, there are a good few alt coins pumping at the minute. I think newbies are stocking up on loads of cheap coins for the potential rewards. Steem being one of them. Good news for Steemit though :)
Yeah there is definitely an alt-wide rally, but IMO the primary driver is ~$13 SBD - everyone I'm speaking to is selling it to buy STEEM and powering up!
Wow! I'm glad the steem is shooting up now! Go Steem!
Go STEEM! Go STEEM! Go! Go! Go! Go STEEM!
Yaaas!
You got it right there, @bulleth. This is a great community - plus you're a legend.
Let's see what 2018 brings 🌞
Hahaha thanks wombus - keep doing you buddy!
I used to have a friend nicknamed wombat and he hated it, so it's great to finally have someone I can call various wombatinizations without them getting grumpy :D