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RE: Steem price crushing and what could be the future
You've highlighted several issues correctly:
- The Steemit site has been slow and unreliable lately. Even at its best times, it is poorly organized.
- The whole alt-coin market is doing poorly now, since BTC is pumping.
However, with regards to Steem, I think you're cherry picking the chart a bit. If you go back further you'll see it's been as low as a dime or less, and over $4. The .90-$1 area is huge support on the chart.
In other words, it seems more likely that it goes up from here than down.
On top of that, many metrics look much better than the last time Steem was at $1 ~4 months ago - Alexa rank, page-views, etc.
The fact that price hasn't really crashed despite all the DDoS is very reassuring, also.
I empathize, as I am also a large holder of Steem, but don't cash out yet.
Very impressive contribution , I really appreciate your comment .
Thanks mate.
No problem!