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RE: Steem Price at 1.02$ - Just too Low!
I'm hoping to see it get below $1 again, but I fear if it keeps dropping below that point that eventually it won't recover and instead of $1 being the support it will become a very strong resistance.
.96 has been the lowest for a few days now. Maybe it will dip shortly under a dollar. But then it will probably stay in the .90 - 1.00 range. And it shouldn't be their for long.
I lost my hope to buy some extra steem at 7 pennies. If they coin really were to crash like it wash at the old days. Then their would be a major backslash in the community.
Thats what can happen in a free market regardless of what the community wants.
STEEM shows some pretty intense support at $1 for months now. It does occasionally dip to $.90 but rebounds within a couple hours. Of course what you're saying is possible, especially if there continues to be no official updates from the Steemit team when everything is borked. It's been 2 weeks since these issues started, they really need to be resolved ASAP.
Yeah everytime it jumps off tbat $1 mark and stays close to it thats less buyers looking for cheap steem. However if it keeps bouncing back up at least 10% it could just keep making swing traders money. Only time will tell but would like to see it break the resistance and form a new support.