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RE: 09 September 2016 - Honest and explained technical analysis STEEM / BTC / USD by najoh
Let's all remember that by holding SP you are getting a near 300% stock split this year, so the price would have to fall from $1 to .30 cents and you'd still break even. The more SP you have the more Steem you get for holding. In a few months the price could be back at $2 and SP holders would have tripled money from here. The question we should be asking ourselves in two years from now where will the value of Steem be? If it catches mainstream at people will have 20-50x returns much like Bitcoin did and Ethereum. Steem still is in very early stages so let's see what's going to happen.
The price falls much faster than the interest of SP at the moment. So for now it's better to wait.
The thing to look at is the market cap, if it's going down then it's better to wait for a more favorable moment to invest.
True but nobody knows where 'bottom' is. You can wait for an uptrend to develop while I we be constantly adding more and more Steem Power, collecting more and more of Steem tokens. We could trade sideways for a while and SP holders will gain. Price has to fall a lot more to be negative returns in 2 years.
Steem still in Beta. 3 months is nothing. Go look at Ethereum price pump and dump last August after the tokens hit the exchanges (fell by 4 times), only by Jan. the price went parabolic less than a year later. Steem is probably going to do something similar.