My prediction about STEEM price

in steem •  3 months ago

One more pump before a bigger dump.
For some reason people have high expectations from Hard Fork 20's effect on STEEM price.
It may be why STEEM does not plunge more than it does.
The obvious sign to sell will be when the whales will be powering down, and it will also be too late.
They may be waiting for a last pump before the dump.
Going by this signal, I should be wrong.
The more time passes, the more expensive it gets to maintain STEEM.
Shut off of full nodes is another sign of doom, and it too will be a too late sign.
Got to praise DPOS for lasting so far given the circumstances.
Got to praise technology as well.
STEEM already resumed its plunge.
If STEEM will die in 2018, it is wise to fully power down now.
If STEEM still has a pump ahead, it is also wise to fully power down now.
If one whale will act according to this spirit, further dump should be expected, either prior to, or instead the pump.
After typing it I found penguinpablo's report and found it worthy of mention here:
https://steemit.com/steemit/@penguinpablo/daily-steem-stats-report-wednesday-august-8-2018

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yup, usually when something collapses the price doesn't go all the way to zero, it just stops trading.