Steem laid off 70% of manpower. Is this a Buy or Sell signal?
I'm in the middle of making a decision whether this is the time to get some seemingly cheap Steem at around $0.30 and our dear Mr Ned boomed the community with a huge laid off news for the STINC, the backbone of the decentralized Steem community.
- Great and bold move by the company to make that announcement especially in such a market where everyone with fragile and sensitive nerve. Hats off to that kind of courage and transparency which the blockchain folks value so much.
- How would this announcement impact the Steem price? At this point of writing the overall market seems like recovering hugely from the previous consecutive crashes, including Steem which has raised 20% and sitting around $0.35 now. We can't tell by now.
- I guess it would be a big trigger for the weak hand Steemian to start power down and getting out of the sinking ship. And I assume weak players always take up the majority portion of everything.
- If that's true, Steem shall keep falling due to the selling activity which is like to happen in the next couple of weeks.
Alright, I decided not to pull the buying trigger now for above-mentioned reasons. Another honourable reason is that I have a tight pocket with fiat now. LOL.
Posted from my blog with SteemPress : https://fr3eze.vornix.blog/steem-laid-off-70-of-manpower-is-this-a-buy-or-sell-signal/
The truth is that all cryptos now have more reasons to drop than to rise.
Actually there good news like BAKKT and btc futures too. Just depends on what you want to see from the market. But I tends to agree with you tho.
Posted using Partiko Android
Great post!
Thanks for tasting the eden!
This comment has received a 42.86 % upvote from @sharkbank thanks to: @discernente.
Just keep hodling
Posted using Partiko Android
Yeah, as always.
Posted using Partiko Android
you ain't afraid to speak the truth. i applaud that. dick suckers would probably give you shit just for even asking the question. i think the next few months is going to be very interesting. if steemit disappears and prices drop, a clear sign to buy 😁
Woah bro you made an even more daring statement there. I couldn't imagine what will be happened to Steem if Steemit is gone. Simply thrilling.
Posted using Partiko Android
嗯，我決定繼續做一隻忠誠的韮菜
Posted using Partiko Android
这才是最正确的态度。😎
Posted using Partiko Android
以前大家期盼SMT反映在STEEM价格里，现在这么一搞SMT没了
貌似 SMT 还是全部掌控在公司手里，现在人手更不够了。最终会不会开源让社区接手呢？
Posted using Partiko Android
Hi @fr3eze!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.061 which ranks you at #3406 across all Steem accounts.
Your rank has not changed in the last three days.
In our last Algorithmic Curation Round, consisting of 339 contributions, your post is ranked at #157.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server