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RE: STEEM Price Analysis – December 5, 2016
Indeed, looking forward to seeing how this all shakes out! Since we've seen a nice little bull run up to the hard fork, my prediction is we'll see a sell off afterward in a classic "buy the rumor sell the news" scenario. Which would make me happy as I can then gobble up some more cheap Steem.
Or I could be wrong and the price could keep shooting upwards after the fork. Which would make me happy as I've accumulated a decent sized SP position already and plan to hold long-term. So it's a win-win! Either way I'll probably buy more Steem after the fork.
Time to grab my popcorn and settle in...
The way I see it, price went up with a limited supply. That changes with powerdowns. The changes are definitely bullish in the long run.
But holding liquid steem is also more attractive. I wouldn't be surprised if the power downs were held as liquid steem and not sold. So many variables, popcorn time indeed!