Bitcoin Has Been Moving Up But Where Do You See STEEM Going From Here?
In the past few weeks Bitcoin has been rallying up towards what seems like $6000-$6400 levels where it dropped off causing the last 6 months of heartache for everyone.
It's quite possible that we'll retest those prices once again before any major consolidation. Atleast this is my expectation and largely prices have been moving in-line with that.
I'm betting big on Bitcoin in the long run and expect it to do fairly well in the next 2-3 years. But what concerns me off late is STEEM.
We've seen the prices tank in recent times fueled by constant sell pressure and lack of any major development leading the way.
As everyday users of the blockchain what is your expectation for the year ahead in terms of price? How low do you expect it to fall and how high do you feel it will go.
Lemme know in the comments below.
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Steem is #60 now, something is very wrong. Who is selling?
It is very easy to take the price of STEEM down.
Just go to Binance and see how little the amount is you need to "move" the market.
You only need to buy a few Steem at a low bid price time and time again and price goes down by itself :-P
Same in upwards direction.
Possibly the big Steemit Witnesses and Steem holders are playing this game so they can buy in cheap at the bottom they have agreed amongst each other.
It’s been disappointing for a while now. Cheers mike
I'm actually seriously concerned about the price of steem. We have fallen to 58th place which is the lowest that we've ever been. EOS is supposedly about to come out with their meOS social media platform in June which is less than a month away, and people just don't seem to be interested in a blogging platform much anymore.
The whales are gone which is fine, but the community itself is dwindling and in a way that could be seen as a good thing because we are coming more close knit….but I fear that this community could vanish.
The price of the coin has gone down so far, and I've put a significant amount of money into this site… but more than that, I’ve put a very significant amount of time… probably something like 4 to 6 hours a day for more than 2 years. Extremely disheartening it is. I can only hope that things turn around soon because having faith is becoming difficult for all of us.
I think STEEM will be fine. I'm seeing a lot of new content, like trading card games and various gambling sites, some of which pay dividends. This may be old news to some, but I only discovered it recently. As each grow and new, more polished stuff appears the demand for STEEM wise rise, I think.
patience is needed as Steem is too good not to go up. It will happen and we are expecting too much too soon. Bitcoin will rally and it will drag everything else with it that has a proper usage. Steem is one of those so no panicking is required.
Price will go up only if there is demand, and demand will increase only if people find value in it, and that would not happen if people post shitty content.......so ultimately it boils down to the content only. Content is the king.
I don't know much so may be other factors also influence the STEEM.
I have posted about this but no one seems to be listening..... big move in Steem price coming real soon so long as no one of same size starts a power down the size of this one about to end!!
You can thank me after the 6th/7th of May when the price will start to climb if what I stated holds.
Hopefully
In about a month it'll be 3 yrs I have been involved with this platform. My faith in this project is being tested of late. Too many missed deliverables and changes in course while other chains seem to have many new features and projects.
Additionally, steem vs. BTC is just fractions from it's all time low.
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I'm did appointed too
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It’s disappointing. I think a lot of us got hyped on SMTs.
What's wrong with SMTs? I only found about those recently. Did something happen or is it solid but oversold?
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I totally agree with your points that STEEM is sleeping from a long time due to lack of developement and exciting news but I have a huge hope from SMT and I definitely gonna bring up trend in the Steem price.
Thank You :-)