Steem price chart and further prediction on Steem and SBD
If you are interested in current steem/ sbd value you might want to look in to this. If not that is fine as there is nothing to worry. All the price drops are just temporary as it happens to every crypto currency.
Lets take a look at current Steem price and analyse it a little bit.
(not going into predictions on how and when its going back up in candle chart)
We can see a massive fall in the market at the moment, but fear not as i already said this is temporary and the price will come back. Might even go higher then it ever was.
Now why is this happening?
It is an interesting situation, people who joined awhile ago noticed the bot problem and started making conclusions that steemit will shut down due to the bot probelm ( total bullshit bot or not steemit gives money to quite a lot people and it will keep rising in time as the community grows)
Ok, but why does the price drops? everything is connected my friends as then ones who stopped buying steem and started selling, the steem influence into market increased. For dummies that means there is a lot cheap steem, but not many wants to buy while everyone wants to sell.
This is going to change new people are coming into steemit actually 1000's of new people joining right now.
They don't worry about the little problems as they see opportunity to obtain cheap steem they are going to do so.
No matter it might take a week or a month, but steem price will come back up and everyone who kept selling will regret saying" ye this actually working should not sell my steem i lost $1000s".
Now lets take a look into SBD price:
You can see it lost a little bit of value, again similar reason steem and SBD are two different currencies, but they are connected in some way if the steem falls SBD cant keep rising. From the picture above you can see after a fall its holding steady, that means that its refusing to fall any further as SBD are generated by creating posts the influence only changed a bit since the ones who wants to sell steem and had SBD they want to get rid of everything as soon as possible. Again bad idea if SBD keeps refusing to fall it is just a matter of days to get back into normal price.
So i would say if you want to sell do it, if you want to buy do it. Everything will return back to normal as steem is still new. In a 1-2 years time there wil be not 70 000 steemit users , but close to 2000 0000 and by then these little numbers wont noticable at all.
theres no analysis here whatsoever. You seem to think that people will want to buy steem, but the fact is that right now there are far more people selling than buying. Blaming a 2 day bot problem for that is patently absurd.
the fact is, people like you have been saying the exact same thing for weeks now. Its lame price hype.
Today we live in the information age, there are dozens of parameters that can be quickly and easily factored in, this gives widely distributing results.
Put another way we have learned to live with information overload and the majority of people cannot see simple clear indicators when they are obvious...
This is why insider trading is so important to the share stock market; people with the investment money need something to tell them when to buy and sell. That is the way the world works; the rich manipulate the system for profit and the rest of us, we just exist.
Consider a man who has gone bankrupt so many times he is literally a billionaire with enough money to buy the Presidency of the United States of America. That is today's real world.
Money makes money as long as it has a real real lot of extra additional help, that is why 'insider trading' gets you a longer jail sentence than air piracy, murder or terrorism. It is because insider trading makes the system look bad and highlights the unofficial manipulations that discourage the minnow shareholders from investing more.
Steemit will do whatever steemit does, personally who bought bitcoin many years ago? ; and who is trading all those other crazy new cyber cryptocurrencies. Maybe once all this new ago internet money starts to stabilize people will look for a solid cryptocurrency that is actually backed by something almost as real as a Social Media website platform...
The world is a crazy place full of information and opinions; but the main thing to always remember, there are three types of people. Those inventing scams, those running scams and those getting caught in scams; steemit is real and I think steemland is going great for a baby website that is just four months old.
Of course you can always vote with your feet and stay or leave the steemuniverse ; its a free country or brave new free world. But please promise me something as a follow steemian if you would, please come back and drop me a note...
If you find another website anywhere that potentially pays me real wealth from complete strangers when I do not have to "buy" 'anything'...
C U on the B C ( BlockChain ) : )
/ hugz ; )
Like your review. Lets hope so. I am not selling now. I would lose out. Like always :D
Steemits valuation is going to near zero. Even at 200,000 active users, Steemit wouldn't have a valuation of $150,000,000. Right now we're sitting at 6,000 - 12,000
As I exposed in my recent post about Dan's Secret Plan for World Domination, the Steemit blogging platform is only the Trojan horse for creating and distributing a stable digital currency (Steem Dollars). Because you can make transactions with Steem and Steem Dollars without any fee, they are the perfect tools for micro payment and money transfers. We don't have all the tools yet to bring this to the market. But they will come. SteemPay.io is the first. Many will follow. Stay calm and buy Steem.
so at what point do you admit theres a real problem. Not a rhetorical question... when were down to a quarter are you still going to day keep calm and keep buying?
Thanks for your analysis of STEEM.