STEEM - 0.34$ must do its job
Hello all,
Here is the chart of yesterday :
Here is the current chart :
As I was predicting yesterday, we are continuing to test the support line at 0.34$ and the support line is becoming more and more weak... It is not a good sign because if we brake major support line, we will do a new major correction on the STEEM which is already very low... So yeah it would be a good opportunity for the ones who want buy and a sad new for holders. Let's see what the market will give us and if that support line will hold us.
I wish you massive profits,
Cryptopassion.io
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This state of affairs is the result of one thing and that is a general lack of awareness out there of what has been built on Steem recently and continues to be built.
Mmmm yeah ok but if the market doesn't see any investment opportunity in what you are building, it will never change anything. So not sure the problem is so simple, if it was the case, just start a big advertising campaign and we will be back in the top 10 crypto...
The market doesn't see it as in it is unaware of what is happening. Just go and talk to people not in Steem.
A huge part of the problem is that knowledge of what's going on in Steem simply does not exist. All people seem to know is that Steemit Inc laid off 70% of its staff. They assume the whole project is dead.
I'd be happy to see better quality news and reporting. In my opinion, Steem deserves to be back in the top 30 or top 40 right now.
100% agree with you about the ignorance of some people about STEEM but tbh, if some investor just think STEEM can be resume about 'Steemit Inc laid off 70% of its staff', U don't think they are serious investor who could really change the chart. Just my opinion
Did you mean to say that no serious investor can get past the fact that Steemit Inc had to lay off 70% of its staff (in November)?
I disagree with that. A smart investor will look at fundamentals like development at this stage. Then they will compare that to the price. If they see a low price and a good deal of development taking place, they'll be tempted to invest. Are you aware of the fact that most of the development in the ecosystem is done by parties other than Steemit, Inc? You are a fuckin' Steem whale. Come on man! Don't just fold like a law chair. Use your influence to the best of your ability to boost the value of YOUR INVESTMENT!
A little depressing, but again it is not just Steemit. The entire market is down.
I know my friend, the problem is that some other altcoin did X3, X4 from their low and so yeah they are correcting but they have some advance on STEEM which only doubled since its low, even less now as the low was 0.23 and we are around 0.33$ now.