While I enjoy everyone's optimism that STEEM will shoot to the moon, my pessimism prevents me from thinking it will go to the moon. Realistically, I think it will go to $3.00 and then back down again. Just my opinion which is worth what you paid for it, $0.00. (Secret time: I will gladly shout out with glee if it does go to $22.)
Based on previous Steem Prices in Bitcoin, I have shown how Steemit is undervalued and should be at least $22-$36 Canadian. Especially when you consider that Authors have more than quadrupled and the number of accounts has more than doubled. The market cap has increased as well since last year. I was amazed at how much I was earning at just three dollar steem.
I thought, should I buy $100 BTC worth of Steem at 0.08? I didn't. And I should have. So consider that!
Yeah it will go up, but I just take a more cautious view of things. I'm still new to reading charts, and I sometimes have bad luck regarding altcoins. Great post as always!
If it drops below $1 again
I am going to go Steem Crazy!
Any dip is a buying oppurtunity!