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RE: Steem risk falling outside the TOP100 coins ranking by CoinMarketCap, what can be done to address the decline???
I need to see a major reversal candle that actually holds for a couple days than trying to catch this falling knife. I bought to many times to end up getting rekt, so I am not touching it.
Probably when I see signs that Steemit Inc isn't selling with their automatic sell orders, I dive into this again, the bottom isn't in if you asking me, we got a long way to go. Probably at 10 satoshi just base on the chart
I agree it very likely could go deeper, but you had asked this question in the title which promted me to this reply :) If enough buying pressure would exist, the negative trend would be stopped, but obviously too many are thinking like you.
Well I definitely like Steem, I want it to do well but its been a painful project to look at. I actually wrote the post to get a feel of what folks are thinking so I can make my moves. Probably if I see SBD making some crazy moves, I would probably take a dip in Steem again as it has followed it in the past but as right now, its hard to pinpoint where the pivot point exist for anything happening moving forward.