Here we go... steem is officially under 1$
So guys as you see we are officially below the 1$ mark. Cryptos are getting hammered as we speak and this could well be a side effect of the extension for ETF decision that will eventually take place on the 30/9/2018.
Seems like all coins are following the exact same pattern of BTC and until people - investors feel secure and comfortable with the situation, this is what we are going to face every single day.
A part of me is happy that I can purchase more and more steem and of course a few other Alts as well at such low prices, but I keep wondering. Is this the ultimate bottom?
I know for sure that there are people who bought coins when prices were 2x - 3x higher and many of them feel completely in panic right now.
There are also people who claim that we may see BTC hit the 3000$ mark and if this is the case then it is almost certain that it will drag every other coin to this downfall.
As I’ve stated many times I am a big fan of Dan’s projects and I refuse to believe that prices won’t bounce back. I guess we just have to wait and see...
It's impossible to know. It feels like the bear market could last a while, but in crypto, as in all markets, the smart money often does the opposite of the prevailing mood.
I'm no financial adviser, but a smart buy strategy might be to take the funds you want to invest, and divide them up, invest some now, some later, and some even later at predetermined levels. That way, you get an average, and if the bear market continues you can still take advantage. But if it doesn't, at least you bought some now.
Ultimately, many cryptos will fall. For example, my own suspicion is that Litecoin and Digibyte can't last, because they will never have Bitcoin's brand value, and those advantages they do have over Bitcoin will be trumped by other coins, leaving them squeezed out. But what do I know.
The market in general, including Bitcoin, will bounce back, I believe, and ultimately go on a bull run when the big money finally enters the field.
Steem I believe in, as it has one of the strongest use cases in all crypto, a tokenized social media of the future. EOS is an obvious threat, naturally, with Dan building Steemit 2.0, but I think there is room for both, and I suspect we'll see the same folks on both platforms anyway. :)
And imagine I read lately (from a big investor) the exact opposite. Especially for DGB
I am a huge believer of steem, you should know that by now. And I think that it is probably the only coin that can have an every day use. Just imagine...if you had tons of money and you wanted to make a transfer, which network would you use? BTC? with almost 30 mins delay for every transaction and high fees? Or maybe steem were the transaction happens with a blink of an eye and its fees are practically 0????
Time will tell for sure...
Thanks for your nice comments!
I think it may get worse before it gets better. I have seen a dramatic drop in Steemit posts due to the low prices of SBD and Steem.
That is often the case in here when prices keep falling...you'll get used to it.
But I think it may get worse too and then this will lead to the exit all those who weren't supposed to be here in the first place.
Great point. I did not come here to just make money. I see steemit as the future. I’m so sick of people seeking our data for profit. I want to take back the control.
Θα ήταν καλή ιδέα να μετατρέψω τα SBD σε Steem ;
Οχι. Βασικα καλη ιδεα θα ηταν να κανεις το ακριβως αντιθετο.
Το sbd δεν θα πεσει ποτε κατω απο 1$. Ετσι ειναι σχεδιασμενο. Ενω το steem μπορει να φτασει πολυ κατω ακομα. Αν λοιπον τα κανεις ολα sbd και το steem συνεχισει να πεφτει θα μπορεισ αργοτερα να τα ξαναμετρατρεψεις και να εχεις σχεδον διπλασιο steem :)
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