Steem Price Fall Hard
i am, Little Panic about steem coin price after look into the chart , of last december price fall steem coin was so cheaper ever only 20 cent,have a look into coinmarket cap you will realize how cheap price was of steem coin last december lucky for those who bought steem power at that time and now they have 5x earning . Now price dropping back from 1.40$ to 1.13$ then 0.98$ again it make some steemians panic about price actions and movement .
Wait.... For December :D
Surprise if december is coming and price fall to 20 cent, but i do not think this is possible anymore because there are more steem holders compare to last year according to the market capital .
If this happen i will buy thousands of steem coins :D and people who have already bought it at high price will weep hard so lets see i am waiting for december to give me some surprising gift.
Anything can happen. All it takes is another FUD campaign / market manipulation like we recently saw with Jamie Dimon. But if Steem goes back down to $0.20 in December, you can be sure that I will buy during the dip. As long as you believe in the platform and invest for the LONG TERM you will welcome these dips. Cryptocurrencies and blockchain technology are not going anywhere.
In bad times, opportunities will present themselves. As you said, you may not make quite as much from posting, but you can buy cheaply in the hope of selling off later.
As for other cryptocurrencies, I am hoping that issues in China will present an opportunity to purchase graphics cards cheaply and mine a little more easily.
Cryptocurrencies represent the future and actions taken by governments to stop them are not signs of strength, but signs of fear. I remain optimistic in the long term.
The only way for STEEM to go is UP. With the amount of creative contents generated by steemians day in day out, it is not surprising if STEEM will soon become viable currency itself.
@pewuf how you can b so sure price will jump in future
It may not moon as per other altcoin, but the value will definitely increase given how valuable the platform is.
People will be cashing in their Steem for Christmas presents, and that's when you swoop in and buy it up for $0.20!
I believe in stemmit but i dont believe in the big investor that can play with the price.
@covals lets hope so dude
the price is coming up if the quantity of users grow there will be more demand.
@hassan123
Few days back, the deposit/withdraw for Steem dollars was prohibited in Poloniex. I am a bit concern if Steemit can eventually become a mainstream social platform as it hopes to be. I haven't put much investment in Steem so far, but if it does drop to 20cents, I believe it's good to buy some as for a chance as in lottery. haha..
I have a cool idea about "How can we turn $1 into $10,000". What do you think?
@fundoing will be lottery for sure :D
Thanks for the perfect post! @hassan123
@dailypoetry thank you please follow me
I think it's a definite possibility, but even at that steem should stay relatively strong as long as people keep joining and engaging
I hope in 2018's Mid it will go upto $10 .
Then I will spend all my savings on it and Power up for more...!
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Investment in steem power by steemians actually has a positive effect in the long run in determining the price of steem in the coin market.
Check out my recent post might be helpful
https://steemit.com/bitcoin/@mickyscofield/economics-of-bitcoin-why-exactly-does-bitcoin-rise-and-fall
Wonderful postings and I would like to vote and follow up. Thank you all
to the moon...that is all
I believe in the platform and the technology long term. Not worried about any pullback!
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