Good points. But why do you think it doubled in 24 hours? I can't find any news that would explain the sudden interest.
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Good points. But why do you think it doubled in 24 hours? I can't find any news that would explain the sudden interest.
I don't know either. It should have gone up.
I believe it's closer to its true value but for the life of me can't understand the sudden price spike. There must be a lot if buyers coming from somewhere suddenly to make the price climb so quickly. But where are they coming from?
China!of course china!
What about China?
haha,it's chinese power
If that was true there would be a spike in sign ups and there is no spike. The money is coming from buyers not new users. Very suspect.
Steem has been undervalued for a long time, even $1 is undervalued .Most investors seem to be misinformed about the inflation, the japanese aren't though.
Strongly agree. Undervalued for sure. Just saw this whole thread of comments, very interesting guys! I don't know much about these things yet so it's kinda cool that I can use "our community" to find out about these things and learn through other users etc.
I agree Steem is undervalued even now. Can you elaborate on the Japanese take on the inflation? Are a lot of Japanese people investing in Steemit right now?
Volume on Japanese exchanges is through the roof, they are investing in all cryptos :)
Many users still think the inflation of steem is what it was when steem launched. I was reading /r/cryptocurrency and a lot of investors there think steem is inflating at 100% every year.
The Japanese investors seem to be more up to date, this is all speculation of course.
my boy Gregory Mannarino just recommended and others like The Dollar Vigilante have recommended in the past. I just heard about it through Greg the other day, he is who brought me here. I love the concept. I could see it blowing up.