JUST CURIOUS: WILL THE STEEM PRICE RISE AGAIN?
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The steem price is currently down, but it is not just the steem price that is down but the whole of the cryptocurrency market, so there is nothing to worry about particularly in regards to steem since it is all cryptos that are down right now.
Some people believe that, we will experience a bull run in the crypto market towards the end of the year. I am wondering why they think that the price of cryptos will rise again towards the end of the year? Is the bull run that cryptocurrency experienced towards the end of last year, the reason why they think that we will experience the same this year or is there any technical analysis of cryptocurrency that they are using to back their certainty that the price of cryptos will rise again?
So, I just want to know, whether the price of steem rise again?
I believe that the price of steem will rise again. But the fact is that the market does not work with belief. It needs a technical expert, who can give you technical analysis of the market situation and when the crypto market will rise again and I don't know the technicalities of the crypto market movement..
So I will appreciate anyone that can give me a technical analysis of my question.
Thank you.
In answer to your question: never. Steem is dead now. To clarify: it has kicked the bucket, is pushing daisies, is belly up, has assumed room temperature, has bit the dust, is counting worms, has been defenestrated, didn't make it, is done for, has expired, has given up the ghost, gas gone bung, has freed its horses, gone home in a box, has gone west, has gone to happier hunting grounds, has joined the invisible choir, has gone to live on a farm upstate, has met @ned and @dan (its makers), has gone into the good night, has had its number come up, has ridden the pale horse, has shuffled of its mortal coil, is six feet under, is taking a dirt nap, has been terminated, is wearing pine overcoat or has joined the whisperers. It's a goner. Erased. Is no more.
It's time to pack up and leave. The party is over.
OR
Could it just be that the crypto markets are at it again? Correcting the living shit out of themselves. Again. For the umpteenth time. It's business as usual.
These aren't the droids you're looking for. Move along. The market will pick up again. Only nobody knows when, though.
Does anybody seriously think decentralization is a thing of the past now? The only thing capable of stopping the blockchain with the second most transactions per day would be governments in the entire world colluding to stop the entire industry. Never going to happen. There will always be different camps among the great powers. Asia and Africa are undergoing fast economic growth. If a few of the major players try to ban crypto their competition will foster it to reap the benefits or to weaponize it. Just relax and go on Steeming.
Wow!!! OK. I will just keep steeming. 😄
the price will hike once the bitcoin gets back in bullish trend so till than sit tight and never give up on crypto
OK. Thanks for your advice.
your welcome@yaanivapeji
I'm don't have much of a technical view on the markets as I think noone really has. They have always gone up and down wildely mostly linked to the price of Bitcoin. As that rises again so should all the rest.
At the end of the day I do believe that it will be the coins with real use cases that will win the day. Steem and Eos are in a good position and Bitcoin will probably just be a store of value. I'm pretty sure the markets will become more stable as more people start to trust the utility of crypto and not just trade them like collectible cards.
As I said this is no TA, but just a gut feeling.
I agree with you, if it gets more mainstream, it will get more stable price.
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In my honest opinion steem price will rise due to much awaited SMT's. It will help to strengthen steemit and give stability
Yes. though SMT is still a long way from now. We just have to be patient I guess.