Contest: If the steem price is 1$
What would you do if tomorrow morning Steem was valued at $1?
Steem getting to a 1$ value tomorrow to me is that the value has increased and for that the prize i get out here is also going to increase. This is because i am a devoted and committed steemian and i don’t have it in my mind or intention of selling what i have currently accumulated here. But to others, the value going to 1$ would have meant a lot to them. Because it would have been the moment for them to sell their assets and make some good amount of money out of it. Also, for the value of steem to rise to 1$ in the next morning will base on some factors. Even though one can’t specifically predict what is to happen on the crypto market.
But for that to happen technically, then the market trend of the steem coin should be in a very high up trend and also most of the other coins will also have to recover from their bearish state in order for the coin to gain some support from the popular coins. So for steem to get to a 1$ value within the next morning would have been a miracle in the world of cryptocurrencies. Actually the all time high value of the steem coin was in year 2018, with a value of 8.12$. But looking at the current state of the crypto market and that of steem coin. It will definitely be called a miracle if that happens because all the coins are in their bearish state since last year and yet till now they are still struggling to rise high. So basically, steemit getting to that value would have been a blessing to us all.
Then what will you do if tomorrow morning Steem drops to $0.01 instead?
For the value of steem to drop to $0.01 as at now is very possible. Because looking at the current state of the coin’s graph or chat. One could see that the value of steem is still in it’s 0.a number and the market as i early said is still struggling to rise. From the chart, the current value of steem is seen to be $0.2337.
This is a 24 hour timeframe of the steemit chart from the CoinMarketCap
So if in case the value drops again to that $0.1 i wouldn’t be that worried because i am not yet ready to sell any of my steem coin. Also, i will try and buy some more steem and then continue to work hard out here and then wait for the right time. I will be waiting for the right time because i have high hopes for the steem coin. This is because the steem blockchain has very important initiatives on going which in the near future will have a very positive and good impact on the coin.
But to others, it might worry them a lot because they will feel like the market has been like that for over a year.
And what good things do you expect about the Steem price?
As at now, i am not that worried about the coin performing good or better because i still feel like this is the right time for me to keep on investing in the steem coin, that’s buying more coins and then working hard here to earn some more steem tokens as well. This is because i have more and strong believe in the steem coin performing better in the near future. That’s the value of the steem coin rising very high. Due to the initiatives the steem blockchain is undergoing. But the coin will still perform better this year based on the movement of the crypto market as at now.
I invite @mewow,@kodua and @five5 to participate in this contest
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Es un buen punto, por un momento pense (ojala que no suba mucho todavia para poder comprar al precio actual antes que suba) 😉. Creo que un factor importante a considerar es lo que ocurre con las recompensas, cuando STEEM pasa de .25$ se entrega SBD en proporcion al valor de un dolar, pero SBD vale mas que eso asi que las recompensas se ven incrementadas mas alla del valor adquirido por STEEM y al cambiar esos SBDs por STEEM el ritmo de crecimiento aumenta.! Ese es uno de los beneficios mas claros que miro en el aumento del precio para los que desean mantener sus Steems.
Thank you very much for taking the time to participate in the [CONTEST] If the STEEM price is $1 that we are holding at the STEEM FOR BETTERLIFE Community
We all hope that steem will rise soon and find a price that hits $ 1. Have a nice day and be sure to interact with other users.
Great post and nice sharing your take on that, wishing you success.
This is a really good explanation you've dome here.. I wish you success
I agree with you that the value of Steem at 1$ can hardly happen as it requires a very strong general rise, then it would be time to sell and profit. On the contrary in a sudden downtrend it would only be left to buy cheap Steem and wait for the right time to profit in a bull market.
Greetings and success my friend.
Exactly bro