STEEM just fell to a 28 month low, but recovery could be just around the corner!
I wrote a few days ago about seeing a bullish future for STEEM, but today it took another plunge to prices not seen since April 12th 2017.
It was announced yesterday that next month Steemit will resume their "programmatic" selling of large amounts of STEEM. We have had a break from the price collapse for the past month, while Steemit's constant currency dump was paused.
Now, it appears the downward slide has resumed along with the selling.
Of course, this could just be a temporary drop, maybe a fakeout, before a price recovery. Perhaps dissatisfied whales and bitbots are selling their stake, putting extra supply on the market? But if that's the case, hopefully it will get gobbled up by some stronger hands, people who want to curate responsibly.
I've still powered up and saved everything I've made here, and same with all my team! We've put thousands of dollars - and hours - into the Steem blockchain over the past 2+ years, and it should be clear that we believe in and support this community.
If there's a proper price recovery soon, those of us who made it through this winter are going to feel so glorious!
DRutter
Your other post today was called "message of hope", but that could have been the title of this one! ;D
Steem (the blockchain) is alive, and has value. How much value is apparently yet to be seen.
Still lingering at these new lows.... no recovery yet. Not looking terribly good, yet.
But it's nice to see posts like this actually getting a bit of support nowadays. People are upvoting again, yay!
Okay, so that's why my total account value fell back under $7 again today? Fun.... ugh come on Steem time to do your thing!!
Mine too, about $7 USD... that's a LOT of commenting, for more than a year, every day. And a few posts. And nonstop daily curation.
Not exactly "lucrative". But at least it works, and it's up at least 360 days a year.
I like the direction things are heading, but a lot of milkers are going to start dumping. I might ladder in some more. Haven't decided yet.
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Yeah, milkers aren't healthy for the long term, but they may have been stabilizing things in the short term. Perhaps after an adjustment period there will be stability and prosperity.
Lower price just means buying opportunity. :)
Yes, the cheaper it gets, the more of it we can get with the same dollar! There are both pros and cons to that.
I see it has fallen to 0.154 today, so maybe now is the correct time to buy? We'll find out tomorrow, I guess!
Catch the falling knife.
You’ve been working hard at it. Hopefully, the platform will survive 👍
Heading up to BC for this weekend. Is there a cannabis farmers market this weekend?