RE: Steem/BTC pump and dump or just a temporary retracement pullback?

You are viewing a single comment's thread from:

Steem/BTC pump and dump or just a temporary retracement pullback?

in beyondbitcoin •  3 years ago 

I was looking at the 3-6 month trendline and this doesn't look that significant to me. I was glad I waited a bit on cashing in my most recent powerdown into those wonderful bitcoins. I suppose it could suggest a flattening out and maybe the beginning of a market pricing of what a popular blog post is worth in the crypto-social-internet space. I for one, would be happy just to see some more volatile up/down churning in the Steem price.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  ·  3 years ago (edited)

Thanks Ivor for your comment and upvote. Yes on the long term trendwise, the recent moves has not really stood out much. I think because the slow downtrend has been going on for a while now, any relatively larger reversal is welcomed and looked at as a possible bottom passing. bitcoin is the digital gold standard for crypto so you can't really go too wrong there.