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RE: 09 September 2016 - Honest and explained technical analysis STEEM / BTC / USD by najoh

in #steem8 years ago

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.

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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.

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