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RE: DAY 41 - Virtual Coin Portfolio - Start Amount 10.000 USD, +93,8 % ; 19.280 USD "Strong Buy rating "Loopring Coin LRC"

in #bitcoin8 years ago

I like your portfolio, but why is Steem on buy and not strong buy since it is at one of the strongest support levels I have ever seen in weeks?... It is hardly frop below the current price but it might reach 0.0004 again easily, seems like a fairly good risk reward.

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Support levels are nice. But in my opinion Steem should be a sell. Steemit has been around for a while and even tho i like to use it sometimes, it has mayor flaws in the system. ¨

  1. the use of steemit is in a decline overall.
  2. Everyone who use steemit, do it to earn cash, not to spend cash.
  3. there are bots and exploitable systems who gives certain people advantages on others expense.

I feel steem price is only driven by new investors trying to make it big and speculators on the price. if new investors stop coming to the network we will see a crash eventually. And we are already seeing a decline in activity.

Thats just my 5 cents on Steemit and steem.

thx for your commet, valid Points good reseach