Steem could go to two cents dont panic.
If STEEM keeps its current ratio to Bitcoin and Bitcoin has a fire sale for the Chinese new Year we could see new lows. I do not think they will last. Just as Bitcoin being more expensive than gold did not last more than a few hours. Neither will it last if it drops back to 350$..... I think gold parity will be back but when it will be back only the chart can tell. Maybe sooner than I think. I also know that whatever measures they propped up the Yuan with are temporary at best... Still Bitcoin is prone to overreactions. A simple move due to Fiat up's and downs can turn in to a hype / panic cycle....
Not financial advice!
Edit: Bitcoin back over 1k, the bull market lives!
That's fine, as long as it hits 19 cents first (said the bear).
Two cents would be a bit disconcerting, but I guess that is nothing compared to the dive it's already taken prior to me arriving.
Awesome! Steemit will have a new mega-whale if it gets to that price, named @jamesbrown !
That's only $20,000 for 1 million SP!
Better yet, if it gets to 1 cent, it becomes only $10,000!!!
I agree. I would scoop up a ton myself.
I'd pick up as much as I could financially muster!