Steem turning around
Well it doesn't take much digging to realize a lot of the Whales have powered down and left. We can also agree that up to this point steemit inc. has grossly mismanaged time and money. So that is a post for another day, but as of now, steemit inc. is getting things done, and have had some projects completed. So begs the the question is this the turn around point. Seems like when most people finally give up and sell, is usually the time things turn.... So I am holding...
Very good point of view. From a trader point of view, this is when all the people are losing hopes that it is the best moment to buy, at least to have biggest potential of up.
However, there is a big potential of UP because it is very risky also. It is possible also that the project finished to fail. When I say fail, it don't think STEEM could completly stop but the value could go to 0.01$ or even less...
So yeah do your choice, if you think the project could still have a nice future, it is the nice period to buy but do it in several steps because it would be idiot to buy everything now if it goes to 0.10$ in some months.
Ya, it is a huge risk, and I have been keeping some cash on the side just for that reason. I don't want to be all in if it tanks.
"when most people finally give up and sell, is usually the time things turn" - Exactly, and I couldn't have asked for a better relationship between investor and price. Usually happens the exact opposite... when the whales leave the project is close to dying (which is not the case).
Ya I would agree, just hoping we are right.
👍