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RE: STEEM Price Analysis – July 13, 2017
Great inside and great post. I would not be worried so much where the price is going right now since it was a decent correction from ATH which is only creating some good entries and buying opportunities on those dips. We can definitely go lower from here but if you spread your disposable income for those dips then you can get great average price. That is a good strategy for those who want to invest in steem for long term. Personally I beleive we have a lot of upward potential not only with steem but other cryptos as well so the ones with great future potential will make some massive returns in the years to come. Buy the dips and HODL!
The last few months have been geat for the altcoin market. The prices of these cryptocurrencies went so high that almost everyone started to talk about it and this lets a lot of newbies into the crypto market.
Now that they do not see any profits, most of them are selling and running for shelter. And I feel that this price correction is necessary and I am glad this is happening.
The next few months, the price will settle and will increase eventually, slow but steady, slow but stronger than what it is right now.